# EDGAR Filing Document

**Accession Number:** 0001513126
**File Stem:** 0001513126-26-000001
**Filing Date:** 2026-2
**Character Count:** 19500
**Document Hash:** 3198d7ee416a2131ecde98dc5d27f51b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001513126-26-000001.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001513126-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260210

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wharton Business Group, LLC
- **CENTRAL INDEX KEY:** 0001513126

**ORGANIZATION NAME:**
- **EIN:** 943489948
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14403
- **FILM NUMBER:** 26617888

**BUSINESS ADDRESS:**
- **STREET 1:** 110 N. PHOENIXVILLE PIKE
- **STREET 2:** SUITE 300
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 484-328-3590

**MAIL ADDRESS:**
- **STREET 1:** 110 N. PHOENIXVILLE PIKE
- **STREET 2:** SUITE 300
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Wharton Business Group LLC<br>**Address:** 110 N. PHOENIXVILLE PIKE<br>SUITE 300<br>MALVERN, PA 19355

**Form 13F File Number:** 028-14403

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ashleigh Swayze<br>**Title:** Counsel<br>**Phone:** 6463953900

**Signature, Place, and Date of Signing:**

/s/Ashleigh Swayze  Princeton, NJ  02-10-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 141

**Form 13F Information Table Value Total:** $2630068221

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 362205 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 953023 | 2723 | SH |  | SOLE |  | 0 | 0 | 2723 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 278502 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 7586000 | 24236 | SH |  | SOLE |  | 0 | 0 | 24236 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1456660 | 4642 | SH |  | SOLE |  | 0 | 0 | 4642 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 2630194 | 11395 | SH |  | SOLE |  | 0 | 0 | 11395 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 383711 | 1172 | SH |  | SOLE |  | 0 | 0 | 1172 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 117141000 | 430887 | SH |  | SOLE |  | 0 | 0 | 430887 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 2444630 | 2285 | SH |  | SOLE |  | 0 | 0 | 2285 |
| AUTODESK INC | COM | 052769106 | BBG001S5SCD4 | 427734 | 1445 | SH |  | SOLE |  | 0 | 0 | 1445 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 20971674 | 381303 | SH |  | SOLE |  | 0 | 0 | 381303 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 554910 | 4780 | SH |  | SOLE |  | 0 | 0 | 4780 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 41165527 | 81897 | SH |  | SOLE |  | 0 | 0 | 81897 |
| BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 | BBG001SK5462 | 180158 | 19004 | SH |  | SOLE |  | 0 | 0 | 19004 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 | BBG01GQYLJY8 | 122389000 | 2319295 | SH |  | SOLE |  | 0 | 0 | 2319295 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 353212 | 330 | SH |  | SOLE |  | 0 | 0 | 330 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 27769000 | 48473 | SH |  | SOLE |  | 0 | 0 | 48473 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 338198 | 2219 | SH |  | SOLE |  | 0 | 0 | 2219 |
| CINTAS CORP | COM | 172908105 | BBG001S7CRG1 | 1784408 | 9488 | SH |  | SOLE |  | 0 | 0 | 9488 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 10825334 | 140534 | SH |  | SOLE |  | 0 | 0 | 140534 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 5942788 | 50928 | SH |  | SOLE |  | 0 | 0 | 50928 |
| COGNEX CORP | COM | 192422103 | BBG001S5TC16 | 225595 | 6270 | SH |  | SOLE |  | 0 | 0 | 6270 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 286915 | 3065 | SH |  | SOLE |  | 0 | 0 | 3065 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 229656 | 266 | SH |  | SOLE |  | 0 | 0 | 266 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 4592331 | 126685 | SH |  | SOLE |  | 0 | 0 | 126685 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 26557000 | 52026 | SH |  | SOLE |  | 0 | 0 | 52026 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 1203615 | 30402 | SH |  | SOLE |  | 0 | 0 | 30402 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 | BBG012G2PD33 | 821196 | 25090 | SH |  | SOLE |  | 0 | 0 | 25090 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 273389 | 2403 | SH |  | SOLE |  | 0 | 0 | 2403 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 714662 | 665 | SH |  | SOLE |  | 0 | 0 | 665 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 5436634 | 18821 | SH |  | SOLE |  | 0 | 0 | 18821 |
| FIRST COMWLTH FINL CORP PA | COM | 319829107 | BBG001S70475 | 197009 | 11685 | SH |  | SOLE |  | 0 | 0 | 11685 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 741802 | 1135 | SH |  | SOLE |  | 0 | 0 | 1135 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 9817357 | 120725 | SH |  | SOLE |  | 0 | 0 | 120725 |
| GLOBAL X FDS | MSCI CHINA CNSMR | 37950E408 | BBG001T64BB1 | 2096027 | 98567 | SH |  | SOLE |  | 0 | 0 | 98567 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 42878178 | 48781 | SH |  | SOLE |  | 0 | 0 | 48781 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 423587 | 1231 | SH |  | SOLE |  | 0 | 0 | 1231 |
| HUNT J B TRANS SVCS INC | COM | 445658107 | BBG001S5SFY4 | 1578000 | 8121 | SH |  | SOLE |  | 0 | 0 | 8121 |
| INNOVATIVE SOLUTIONS  SUPPO | COM | 45769N105 | BBG001S8H2T5 | 367341 | 19395 | SH |  | SOLE |  | 0 | 0 | 19395 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 375110 | 10166 | SH |  | SOLE |  | 0 | 0 | 10166 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 548235 | 3385 | SH |  | SOLE |  | 0 | 0 | 3385 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 685605 | 1035 | SH |  | SOLE |  | 0 | 0 | 1035 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 | BBG0027F1V40 | 153868000 | 1825463 | SH |  | SOLE |  | 0 | 0 | 1825463 |
| INVESCO EXCH TRADED FD TR II | S SMLCP INFO | 46138E115 | BBG001T7V3J9 | 296000 | 5230 | SH |  | SOLE |  | 0 | 0 | 5230 |
| INVESCO EXCHANGE TRADED FD T | BIOTECHNOLOGY | 46137V787 | BBG001SN60V5 | 225009 | 2739 | SH |  | SOLE |  | 0 | 0 | 2739 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP GROWTH | 46137V746 | BBG001S9FH85 | 20839000 | 163944 | SH |  | SOLE |  | 0 | 0 | 163944 |
| INVESCO EXCHANGE TRADED FD T | LARGE CAP VALUE | 46137V738 | BBG001SJW5C5 | 10825000 | 162735 | SH |  | SOLE |  | 0 | 0 | 162735 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 23137894 | 493135 | SH |  | SOLE |  | 0 | 0 | 493135 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 | BBG001V28DF5 | 246507 | 2165 | SH |  | SOLE |  | 0 | 0 | 2165 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 55282875 | 288593 | SH |  | SOLE |  | 0 | 0 | 288593 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 224837 | 366 | SH |  | SOLE |  | 0 | 0 | 366 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 83742000 | 1245797 | SH |  | SOLE |  | 0 | 0 | 1245797 |
| ISHARES INC | CUR HD MSCI EM | 46434G509 | BBG0076SN965 | 609169 | 17525 | SH |  | SOLE |  | 0 | 0 | 17525 |
| ISHARES INC | MSCI EM ASIA ETF | 464286426 | BBG002MYG936 | 1137360 | 12097 | SH |  | SOLE |  | 0 | 0 | 12097 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 | BBG0025X3FS0 | 146598000 | 2289163 | SH |  | SOLE |  | 0 | 0 | 2289163 |
| ISHARES INC | MSCI PAC JP ETF | 464286665 | BBG001S89L03 | 359700 | 7127 | SH |  | SOLE |  | 0 | 0 | 7127 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | BBG001SMDNB1 | 1214000 | 31703 | SH |  | SOLE |  | 0 | 0 | 31703 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 | BBG001V0XLT8 | 23230307 | 191023 | SH |  | SOLE |  | 0 | 0 | 191023 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 2741770 | 30648 | SH |  | SOLE |  | 0 | 0 | 30648 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 202950 | 3075 | SH |  | SOLE |  | 0 | 0 | 3075 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 77918000 | 113759 | SH |  | SOLE |  | 0 | 0 | 113759 |
| ISHARES TR | CYBERSECURITY | 46435U135 | BBG00PC1B2X5 | 14743246 | 306385 | SH |  | SOLE |  | 0 | 0 | 306385 |
| ISHARES TR | EAFE VALUE ETF | 464288877 | BBG001SNYBH6 | 393826 | 5515 | SH |  | SOLE |  | 0 | 0 | 5515 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 | BBG00H4BH3F2 | 214905 | 9190 | SH |  | SOLE |  | 0 | 0 | 9190 |
| ISHARES TR | ESG MSCI LEADR | 46435U218 | BBG00P35VT10 | 340758 | 2810 | SH |  | SOLE |  | 0 | 0 | 2810 |
| ISHARES TR | ESG SELECT SCRE | 46436E569 | BBG00XDJC7F6 | 4028388 | 76440 | SH |  | SOLE |  | 0 | 0 | 76440 |
| ISHARES TR | FUTURE AI  TECH | 46435U556 | BBG00L9G3V33 | 45997000 | 954682 | SH |  | SOLE |  | 0 | 0 | 954682 |
| ISHARES TR | FUTURE EXPONENTI | 46434V381 | BBG008B3Q692 | 14148503 | 202875 | SH |  | SOLE |  | 0 | 0 | 202875 |
| ISHARES TR | GENOMICS IMMUN | 46435U192 | BBG00PC1H2K3 | 7153720 | 273147 | SH |  | SOLE |  | 0 | 0 | 273147 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 | BBG001SJX8Q3 | 313628 | 3220 | SH |  | SOLE |  | 0 | 0 | 3220 |
| ISHARES TR | GLOB INDSTRL ETF | 464288729 | BBG001SNVXC6 | 10357334 | 59070 | SH |  | SOLE |  | 0 | 0 | 59070 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | BBG001SJ8F58 | 4860260 | 16139 | SH |  | SOLE |  | 0 | 0 | 16139 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 | BBG001SSD858 | 11717000 | 221580 | SH |  | SOLE |  | 0 | 0 | 221580 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 | BBG001SQS9Y2 | 4040000 | 42170 | SH |  | SOLE |  | 0 | 0 | 42170 |
| ISHARES TR | MORNINGSTAR GRWT | 464287119 | BBG001SBRHJ5 | 769896 | 7400 | SH |  | SOLE |  | 0 | 0 | 7400 |
| ISHARES TR | MSCI CHINA A | 46434V514 | BBG00D30D440 | 1510282 | 43675 | SH |  | SOLE |  | 0 | 0 | 43675 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 | BBG001S56D46 | 10025383 | 166895 | SH |  | SOLE |  | 0 | 0 | 166895 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 | BBG0025X2WP7 | 151929000 | 1761493 | SH |  | SOLE |  | 0 | 0 | 1761493 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 | BBG007WGM3H4 | 34941278 | 768785 | SH |  | SOLE |  | 0 | 0 | 768785 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 6274000 | 66635 | SH |  | SOLE |  | 0 | 0 | 66635 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 | BBG004TRTWW3 | 238796000 | 1202274 | SH |  | SOLE |  | 0 | 0 | 1202274 |
| ISHARES TR | MSCI USA VALUE | 46432F388 | BBG004FPWGT7 | 163550000 | 1196152 | SH |  | SOLE |  | 0 | 0 | 1196152 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 536692 | 17335 | SH |  | SOLE |  | 0 | 0 | 17335 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 4001324 | 8454 | SH |  | SOLE |  | 0 | 0 | 8454 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 314669 | 1496 | SH |  | SOLE |  | 0 | 0 | 1496 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 | BBG001T5LBR7 | 55712000 | 201169 | SH |  | SOLE |  | 0 | 0 | 201169 |
| ISHARES TR | S 100 ETF | 464287101 | BBG001SGB026 | 10765000 | 31389 | SH |  | SOLE |  | 0 | 0 | 31389 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 | BBG001SQZT52 | 18616000 | 299530 | SH |  | SOLE |  | 0 | 0 | 299530 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 | BBG001SQZ858 | 16099403 | 335810 | SH |  | SOLE |  | 0 | 0 | 335810 |
| ISHARES TR | US INFRASTRUC | 46435U713 | BBG00KHHFPF1 | 90238000 | 1714900 | SH |  | SOLE |  | 0 | 0 | 1714900 |
| ISHARES TR | US SML CAP EQT | 46434V290 | BBG008LP6CK8 | 1627142 | 21730 | SH |  | SOLE |  | 0 | 0 | 21730 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 8233714 | 62160 | SH |  | SOLE |  | 0 | 0 | 62160 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 375200 | 1813 | SH |  | SOLE |  | 0 | 0 | 1813 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 52385827 | 162578 | SH |  | SOLE |  | 0 | 0 | 162578 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 667465 | 1380 | SH |  | SOLE |  | 0 | 0 | 1380 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 200554 | 351 | SH |  | SOLE |  | 0 | 0 | 351 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1708973 | 2589 | SH |  | SOLE |  | 0 | 0 | 2589 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 8249505 | 17058 | SH |  | SOLE |  | 0 | 0 | 17058 |
| MID PENN BANCORP INC | COM | 59540G107 | BBG001S5T0G6 | 840890 | 27108 | SH |  | SOLE |  | 0 | 0 | 27108 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 575907 | 3244 | SH |  | SOLE |  | 0 | 0 | 3244 |
| NANOVIRICIDES INC | COM | 630087302 | BBG001SDFF62 | 17782 | 15736 | SH |  | SOLE |  | 0 | 0 | 15736 |
| NEXTNAV INC | COMMON STOCK | 65345N106 | BBG017XG00Z2 | 937830 | 56360 | SH |  | SOLE |  | 0 | 0 | 56360 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 2664339 | 14286 | SH |  | SOLE |  | 0 | 0 | 14286 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 623712 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG001T53796 | 257738 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| PAYCHEX INC | COM | 704326107 | BBG001S5V135 | 416749 | 3715 | SH |  | SOLE |  | 0 | 0 | 3715 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 554000 | 2656 | SH |  | SOLE |  | 0 | 0 | 2656 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 16413913 | 38890 | SH |  | SOLE |  | 0 | 0 | 38890 |
| S  T BANCORP INC | COM | 783859101 | BBG001S68QG0 | 1031000 | 26212 | SH |  | SOLE |  | 0 | 0 | 26212 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 | BBG001S7T223 | 23731403 | 433292 | SH |  | SOLE |  | 0 | 0 | 433292 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 | BBG001S7SCQ6 | 36217000 | 233963 | SH |  | SOLE |  | 0 | 0 | 233963 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 | BBG001S7T232 | 14525650 | 93641 | SH |  | SOLE |  | 0 | 0 | 93641 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 | BBG001S7TCZ5 | 72554000 | 503949 | SH |  | SOLE |  | 0 | 0 | 503949 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 | BBG01NJC0037 | 1034000 | 26742 | SH |  | SOLE |  | 0 | 0 | 26742 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNK2 | 258845 | 1180 | SH |  | SOLE |  | 0 | 0 | 1180 |
| SPDR INDEX SHS FDS | S GBLINF ETF | 78463X855 | BBG001SRXRM7 | 17602273 | 252290 | SH |  | SOLE |  | 0 | 0 | 252290 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 | BBG001SPTB32 | 26115000 | 430306 | SH |  | SOLE |  | 0 | 0 | 430306 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A722 | BBG001SMG9V7 | 2598584 | 46395 | SH |  | SOLE |  | 0 | 0 | 46395 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 297535 | 1715 | SH |  | SOLE |  | 0 | 0 | 1715 |
| TEXTRON INC | COM | 883203101 | BBG001S5WZ39 | 4560734 | 52320 | SH |  | SOLE |  | 0 | 0 | 52320 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 415873 | 1511 | SH |  | SOLE |  | 0 | 0 | 1511 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 5788000 | 25021 | SH |  | SOLE |  | 0 | 0 | 25021 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 | BBG00ZXBYMT4 | 70700000 | 1418534 | SH |  | SOLE |  | 0 | 0 | 1418534 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 | BBG001SHVTR2 | 11455207 | 54088 | SH |  | SOLE |  | 0 | 0 | 54088 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 256482 | 765 | SH |  | SOLE |  | 0 | 0 | 765 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 354859 | 1858 | SH |  | SOLE |  | 0 | 0 | 1858 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 71666152 | 974254 | SH |  | SOLE |  | 0 | 0 | 974254 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 21411000 | 398276 | SH |  | SOLE |  | 0 | 0 | 398276 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 797699 | 10005 | SH |  | SOLE |  | 0 | 0 | 10005 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 | BBG001TCH518 | 567355 | 4660 | SH |  | SOLE |  | 0 | 0 | 4660 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 25052283 | 113988 | SH |  | SOLE |  | 0 | 0 | 113988 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 128087000 | 892467 | SH |  | SOLE |  | 0 | 0 | 892467 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 | BBG001SHVR32 | 427000 | 1484 | SH |  | SOLE |  | 0 | 0 | 1484 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 | BBG001T0Y6L1 | 763676 | 5410 | SH |  | SOLE |  | 0 | 0 | 5410 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 216283 | 1335 | SH |  | SOLE |  | 0 | 0 | 1335 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 228488 | 652 | SH |  | SOLE |  | 0 | 0 | 652 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1647310 | 17675 | SH |  | SOLE |  | 0 | 0 | 17675 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 241293 | 1300 | SH |  | SOLE |  | 0 | 0 | 1300 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 | BBG004LMH3Z6 | 925153 | 10345 | SH |  | SOLE |  | 0 | 0 | 10345 |
| WISDOMTREE TR | WISDOMTREE US VA | 97717W547 | BBG001SSZBN7 | 455771 | 4885 | SH |  | SOLE |  | 0 | 0 | 4885 |
| ZIONS BANCORPORATION N A | COM | 989701107 | BBG001S5XN80 | 261088 | 4460 | SH |  | SOLE |  | 0 | 0 | 4460 |

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