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WBH ADVISORY INC — 13F Holdings & Portfolio

CIK 1259671 · latest 13F-HR filed 2026-08-05

Backtest portfolio

WBH ADVISORY INC manages $1.49B in 13F-reported U.S. long-equity assets across 365 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VTI (5.24%), VGT (5.12%), SPYM (4.37%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 23 new positions and exited 10; 197 existing positions rose in reported value and 65 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$1.49B

Long-equity book

Holdings
365

Distinct positions

Period
2026-06-30

Filed 2026-08-05

Q/Q Activity
+23 / −10 / ↑197 / ↓65

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VTI5.2% · -2%VGT5.1% · +690%SPYM4.4% · +4%SCHB4.0% · -2%XLK3.6% · -5%VXUS2.8% · -1%FBND2.2% · -1%BDYN2.0% · +1%VB1.8% · +0%SCHX1.7% · +2%SCHG1.6% · -2%IVV1.6% · -1%BND1.5% · -6%VCSH1.5% · -2%VGSH1.4% · +4%BDVL1.4% · +4%AAPL1.3% · -3%SCHF1.3% · -0%IEFA1.3% · -8%VGIT1.3% · -16%SPSM1.2% · -0%VHT1.1% · -3%XLY1.1% · -6%XLF1.1% · -2%ITOT1.1% · -2%XLC1.1% · +1%XLI1.0% · -5%JBND1.0% · +13%NEAR1.0% · +18%MSFT1.0% · -1%SPMD1.0% · -0%VFH0.9% · -2%VT0.8% · -1%SPDW0.8% · +4%CGCP0.8% · -2%IEMG0.8% · +1%XLV0.7% · -14%JCPB0.7% · +12%VEU0.7% · +4%QQQM0.7% · -6%SPY0.6% · -1%LQD0.6% · +1%XLE0.6% · +16%BRK.B0.6% · -6%LLY0.5% · -3%QQQ0.5% · -10%GOOGL0.5% · -4%MINT0.5% · newSCHE0.5% · -3%SPEM0.5% · +11%IXUS0.4% · +0%IYW0.4% · 0%SCHO0.4% · +103%VOX0.4% · +4%VUG0.4% · +538%JNJ0.4% · -1%AGG0.4% · +1%SCHA0.3% · -6%CAT0.3% · -3%BINC0.3% · +7%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 32.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 30, 2026.

Assets Under Management
$1.74B
Discretionary
$1.74B
Employees
16
Accounts
2,335
Address
1829 REISTERSTOWN ROAD, SUITE 225
BALTIMORE, MD 21208
Phone
(410) 653-7979
Website
Name Title / Status Ownership Type
HERTZBERG, MARC, JEFFREY ControlCHIEF COMPLIANCE OFFICER
since Jan 2004
75% or moreIndividual
HERTZBERG, MARC, JEFFREY ControlPRESIDENT
since Nov 2017
75% or moreIndividual
WALLER, BENJAMIN, MSHAREHOLDER
since Jan 2021
10–25%Individual
WILLEN, ROBERT, JOELSHAREHOLDER
since Jan 2021
10–25%Individual
Ownership & leadership changes · 6 filings with changes since Jan 20, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Apr 30, 2026 filing
  • No longer listedROYCE, JEFFREY, BRIAN · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2025
Feb 12, 2026 filing
  • AddedROYCE, JEFFREY, BRIAN · CHIEF OPERATING OFFICER · Less than 5% · control person
Mar 2, 2022 filing
  • AddedWALLER, BENJAMIN, M · SHAREHOLDER · 10–25%
  • AddedWILLEN, ROBERT, JOEL · SHAREHOLDER · 10–25%
Mar 21, 2019 filing
  • ChangedHERTZBERG, MARC, JEFFREY · title PRESIDENT / PRESIDENT, CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER / PRESIDENT
Mar 3, 2018 filing
  • ChangedHERTZBERG, MARC, JEFFREY · title PRESIDENT, CHIEF COMPLIANCE OFFICER → PRESIDENT / PRESIDENT, CHIEF COMPLIANCE OFFICER
Oct 31, 2017 filing
  • No longer listedWAGNER, DANIEL, ELLIS · PRESIDENT · 75% or more · control person · listed since Apr 1987
  • ChangedHERTZBERG, MARC, JEFFREY · title CHIEF COMPLIANCE OFFICER → PRESIDENT, CHIEF COMPLIANCE OFFICER; ownership Less than 5% → 75% or more; now a control person
Jan 20, 2012 filing (earliest on record)
  • ListedHERTZBERG, MARC, JEFFREY · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedWAGNER, DANIEL, ELLIS · PRESIDENT · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

WBH ADVISORY INC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD INDEX FDS VTI 922908769 $78.1M 5.24% 210,936 SH
2 VANGUARD WORLD FD VGT 92204A702 $76.3M 5.12% 637,972 SH
3 SPDR SERIES TRUST SPYM 78464A854 $65.1M 4.37% 740,912 SH
4 SCHWAB STRATEGIC TR SCHB 808524102 $60.0M 4.03% 2,072,831 SH
5 SELECT SECTOR SPDR TR XLK 81369Y803 $54.3M 3.65% 285,011 SH
6 VANGUARD STAR FDS VXUS 921909768 $41.5M 2.79% 486,009 SH
7 FIDELITY MERRIMACK STR TR FBND 316188309 $33.2M 2.23% 729,218 SH
8 BLACKROCK ETF TRUST BDYN 09290C723 $29.5M 1.98% 1,062,444 SH
9 VANGUARD INDEX FDS VB 922908751 $27.2M 1.83% 89,618 SH
10 SCHWAB STRATEGIC TR SCHX 808524201 $24.6M 1.65% 835,375 SH
11 SCHWAB STRATEGIC TR SCHG 808524300 $24.5M 1.65% 725,363 SH
12 ISHARES TR IVV 464287200 $24.3M 1.63% 32,486 SH
13 VANGUARD BD INDEX FDS BND 921937835 $22.9M 1.54% 312,358 SH
14 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $22.6M 1.52% 285,697 SH
15 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $20.9M 1.40% 359,071 SH
16 BLACKROCK ETF TRUST BDVL 09290C715 $20.9M 1.40% 802,839 SH
17 APPLE INC AAPL 037833100 $19.9M 1.34% 68,915 SH
18 SCHWAB STRATEGIC TR SCHF 808524805 $19.7M 1.32% 710,794 SH
19 ISHARES TR IEFA 46432F842 $19.3M 1.29% 199,322 SH
20 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $18.8M 1.26% 318,063 SH
21 SPDR SERIES TRUST SPSM 78468R853 $18.0M 1.21% 312,928 SH
22 VANGUARD WORLD FD VHT 92204A504 $17.0M 1.14% 56,991 SH
23 SELECT SECTOR SPDR TR XLY 81369Y407 $17.0M 1.14% 144,694 SH
24 SELECT SECTOR SPDR TR XLF 81369Y605 $16.7M 1.12% 310,703 SH
25 ISHARES TR ITOT 464287150 $16.4M 1.10% 99,882 SH
26 SELECT SECTOR SPDR TR XLC 81369Y852 $16.3M 1.09% 151,813 SH
27 SELECT SECTOR SPDR TR XLI 81369Y704 $15.2M 1.02% 82,260 SH
28 J P MORGAN EXCHANGE TRADED F JBND 46654Q716 $15.2M 1.02% 284,435 SH
29 ISHARES U S ETF TR NEAR 46431W507 $15.0M 1.01% 296,264 SH
30 MICROSOFT CORP MSFT 594918104 $15.0M 1.01% 40,212 SH
31 SPDR SERIES TRUST SPMD 78464A847 $14.2M 0.96% 210,799 SH
32 VANGUARD WORLD FD VFH 92204A405 $13.1M 0.88% 99,170 SH
33 VANGUARD INTL EQUITY INDEX F VT 922042742 $12.5M 0.84% 79,947 SH
34 SPDR INDEX SHS FDS SPDW 78463X889 $12.0M 0.80% 237,189 SH
35 CAPITAL GRP FIXED INCM ETF T CGCP 14020Y102 $11.5M 0.78% 517,825 SH
36 ISHARES INC IEMG 46434G103 $11.4M 0.77% 137,989 SH
37 SELECT SECTOR SPDR TR XLV 81369Y209 $10.7M 0.72% 67,750 SH
38 J P MORGAN EXCHANGE TRADED F JCPB 46641Q670 $10.2M 0.68% 216,414 SH
39 VANGUARD INTL EQUITY INDEX F VEU 922042775 $9.8M 0.66% 117,122 SH
40 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $9.7M 0.65% 32,038 SH
41 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $9.6M 0.64% 12,822 SH
42 ISHARES TR LQD 464287242 $9.1M 0.61% 83,217 SH
43 SELECT SECTOR SPDR TR XLE 81369Y506 $9.0M 0.60% 168,827 SH
44 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $8.5M 0.57% 17,001 SH
45 ELI LILLY & CO LLY 532457108 $8.0M 0.53% 6,633 SH
46 INVESCO QQQ TR QQQ 46090E103 $7.7M 0.52% 10,503 SH
47 ALPHABET INC GOOGL 02079K305 $7.7M 0.51% 21,425 SH
48 PIMCO ETF TR MINT 72201R833 $7.5M 0.50% 74,295 SH
49 SCHWAB STRATEGIC TR SCHE 808524706 $7.1M 0.48% 196,138 SH
50 SPDR INDEX SHS FDS SPEM 78463X509 $6.9M 0.46% 133,067 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-05 $1.49B 365 0001259671-26-000004
2026-03-31 2026-04-27 $1.34B 350 0001259671-26-000003
2025-12-31 2026-01-26 $1.35B 343 0001259671-26-000002
Filer Information
Address
1829 REISTERSTOWN ROAD,
SUITE 225
BALTIMORE, MD 21208
Phone
(410) 653-7979
Filing Manager
WBH ADVISORY INC
BALTIMORE, MD
Signatory
Marc Hertzberg
Chief Compliance Officer