Wharton Business Group, LLC

RIA/Wealth

Wharton Business Group, LLC is a RIA/Wealth based in Glastonbury, CT led by Billy Joe Webster, reporting $4.0B in AUM as of Q3 2025 with 78% ETF concentration and 51% concentrated in top 10 holdings.

CCOBilly Joe Webster

Portfolio Value: $2.3B
Positions: 138
Top Holding: VLUE at 6.6%
Last Reported: Q3 2025

Address95 Glastonbury Blvd., Suite 102, Glastonbury, CT, 06033, United States

Top Holdings

Largest long holdings in Wharton Business Group, LLC's portfolio (51.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares MSCI USA Value Factor VLUE	ETF ETF	$150.8M	6.60%	-$517.1K Sold	— 1.2M shares	Q3 2016 Held for 9y 2m
2 EFAV iShares MSCI EAFE Min Vol Factor EFAV	ETF ETF	$149.9M	6.56%	-$352.9K Sold	— 1.8M shares	Q4 2019 Held for 5y 11m
3 iShares MSCI Emerging Markets Min Vol Factor EEMV	ETF ETF	$146.2M	6.40%	-$109.8K Sold	— 2.3M shares	Q1 2020 Held for 5y 8m
4 Invesco KBW Bank ETF KBWB	ETF ETF	$143.4M	6.28%	-$6.2M Sold	— 1.8M shares	≤ Q2 2013 Held for 12y 5m+
5 Vanguard High Dividend Yield VYM	ETF ETF	$125.8M	5.50%	-$296.6K Sold	— 892.2K shares	≤ Q2 2013 Held for 12y 5m+
6 Apple AAPL	Consumer Electronics Technology	$111.1M	4.86%	-$538.5K Sold	0.00% 436.1K shares	≤ Q2 2013 Held for 12y 5m+
7 BlackRock Flexible Income BINC	ETF ETF	$97.0M	4.24%	+$12.7M Bought	— 1.8M shares	Q3 2023 Held for 2y 2m
8 IFRA iShares U.S. Infrastructure IFRA	ETF ETF	$90.6M	3.97%	+$1.0M Bought	— 1.7M shares	Q3 2022 Held for 3y 2m
9 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$83.2M	3.64%	-$293.3K Sold	— 1.3M shares	Q2 2015 Held for 10y 5m
10 iShares Core S&P 500 ETF IVV	ETF ETF	$75.4M	3.30%	-$160.6K Sold	— 112.6K shares	Q4 2015 Held for 9y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Wharton Business Group, LLC's latest filing

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Market Value

$2.3B

Prior: $2.3B

Q/Q Change

+0.056%

+$1.3M

Net Flows % of MV

+3.93%

Turnover Ratio

3.77%

New Purchases

11 stocks

$99.4M

Added To

15 stocks

+$31.7M

Sold Out Of

4 stocks

$2.1M

Reduced Holdings

55 stocks

-$38.3M

Increased Positions

Position	Shares Δ	Change
1 ARTY iShares Future AI & Tech ARTY	New	0 → 989.0K +$45.3M
2 KBE SPDR S&P Bank ETF KBE	New	0 → 432.9K +$25.7M
3 Vanguard Dividend Appreciation VIG	New	0 → 113.7K +$24.5M
4 ASML ASML ASML	New	0 → 2.3K +$2.2M
5 BABA Alibaba Group Holding Limited BABA	New	0 → 1.9K +$339.6K

Decreased Positions

Position	Shares Δ	Change
1 iShares International Select Dividend IDV	Sold	42.2K → 0 −$1.5M
2 PayPal Holdings, Inc. PYPL	Sold	3.0K → 0 −$221.1K
3 IXJ iShares Global Healthcare IXJ	Sold	2.4K → 0 −$206.3K
4 Booking Holdings Inc. BKNG	Sold	35.0 → 0 −$202.6K
5 ILCG iShares Morningstar Growth ILCG	-83.06%	43.7K → 7.4K −$3.8M

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Analytics

Portfolio insights and performance metrics for Wharton Business Group, LLC

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Sector Allocation

ETF

78.10%

Financial Services

7.30%

Technology

6.00%

Industrials

4.20%

Communication Services

0.50%

Consumer Cyclical

0.40%

Healthcare

0.10%

Market Cap Distribution

Mega Cap (> $200B)

14.38%

Large Cap ($10B - $200B)

4.16%

Mid Cap ($2B - $10B)

0.02%

Small Cap ($300M - $2B)

0.12%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.00%

N/A (ETF or Unknown)

81.31%

Portfolio Concentration

Top 10 Holdings %

51.35%

Top 20 Holdings %

74.65%

Top 50 Holdings %

95.55%

Top 100 Holdings %

99.52%