Wharton Business Group, LLC

CIK 0001513126 · Q1 2026

13F Equity AUM

$2.6B

+0.7% QoQ

Positions

141

0 QoQ

AUM Rank

#1,529

Top 12%

Skill Alpha (FF)

-2.1%/yr^ns

No Clear Edge

Rank #5,300 · Top 64%

vs S&P -7.2%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 32.0%Top 10: 53.2%Top 20: 74.1%

QUAL8.7%

VLUE6.2%

EFAV5.9%

EEMV5.7%

KBWB5.5%

BINC5.1%

VYM5.0%

AAPL4.1%

IFRA3.7%

IEMG3.2%

Others (131)46.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services88.3%

Technology5.1%

Industrials4.4%

Other2.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

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Position Changes This Quarter

New6Increased28Decreased45Exited6

New Positions

IDEF1.0%

+805K

BAI0.7%

+557K

LRCX0.0%

+1K

FCX0.0%

+4K

VLO0.0%

+834

PTY0.0%

+15K

Increased

BINC5.1%

+273K(+12%)

KBE1.2%

+108K(+25%)

EEMV5.7%

+58K(+3%)

IGSB0.5%

+42K(+19%)

IHAK0.5%

+11K(+4%)

IQLT1.4%

+10K(+1%)

IFRA3.7%

+8K(+0%)

VUSB2.7%

+6K(+0%)

VCSH0.0%

+3K(+30%)

GII0.7%

+3K(+1%)

Decreased

VEU2.5%

-92,534(-10%)

XLI0.1%

-79,669(-85%)

EFAV5.9%

-47,665(-3%)

VLUE6.2%

-42,680(-4%)

XLK2.4%

-17,639(-4%)

IEMG3.2%

-16,800(-1%)

PWV0.4%

-7,100(-4%)

IHI0.6%

-6,555(-2%)

MSFT0.2%

-3,640(-21%)

INTC0.0%

-3,466(-34%)

Exited

ILCG

-7,400

IJH

-3,075

CGNX

-6,270

-351

-652

SNOW

-1,180

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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