13F
中
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Wharton Business Group, LLC

13F equity value
$2.6B
Positions
141
Top 10 concentration
53.2%
Quarters / total new picks
26 / 118
13F equity value over time
$0M$1B$3B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 26 quarters, returned +1.7% per quarter — versus +1.5% per quarter from simply owning every 13F stock. It beat that baseline in only 53.8% of quarters (excess t = 0.81, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+3.0%
t-stat
0.81
Quarterly win rate
54%
Annualized excess
+0.0%
$1 → follow vs universe
$1.33 vs $1.33
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920190331: universe 0.94220190630: universe 1.01320190930: universe 1.08920191231: universe 0.87920200630: universe 0.97120200930: universe 1.19020201231: universe 1.24520210331: universe 1.25620210630: universe 1.35620210930: universe 1.21720211231: universe 1.03620220630: universe 0.96020221231: universe 0.89120230331: universe 0.93920230630: universe 0.90520230930: universe 1.02820231231: universe 1.07420240331: universe 1.09820240930: universe 1.08820241231: universe 1.01620250331: universe 1.10820250630: universe 1.14220250930: universe 1.28420251231: universe 1.329 20180331: follow 0.99220180630: follow 0.90920190331: follow 0.97120190630: follow 1.08720190930: follow 0.95920191231: follow 0.87820200630: follow 0.97420200930: follow 1.04220201231: follow 1.24720210331: follow 1.15420210630: follow 1.07320210930: follow 1.17220211231: follow 1.04320220630: follow 0.96320221231: follow 1.03820230331: follow 0.87620230630: follow 0.95220230930: follow 1.15320231231: follow 1.16220240331: follow 1.01920240930: follow 1.15720241231: follow 1.23020250331: follow 1.39520250630: follow 1.26720250930: follow 1.51420251231: follow 1.331 0.81 1.22 1.63 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 141 · 2026 Q1

Ticker Value Weight QoQ
QUAL $231M
8.7%
HOLD
VLUE $164M
6.2%
TRIM
EFAV $157M
5.9%
TRIM
EEMV $152M
5.7%
ADD
KBWB $145M
5.5%
HOLD
BINC $135M
5.1%
ADD
VYM $132M
5.0%
HOLD
AAPL $109M
4.1%
HOLD
IFRA $99M
3.7%
HOLD
IEMG $86M
3.2%
HOLD
IVV $74M
2.8%
HOLD
VUSB $71M
2.7%
HOLD
VEU $66M
2.5%
TRIM
XLK $65M
2.4%
TRIM
RSP $56M
2.1%
HOLD
IWY $50M
1.9%
HOLD
JPM $48M
1.8%
HOLD
ARTY $44M
1.7%
HOLD
GS $41M
1.6%
HOLD
BRK/B $39M
1.5%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

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Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.