Farmers & Merchants Trust Co of Chambersburg PA
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Farmers & Merchants Trust Co of Chambersburg PA reported 432 stock positions worth $243.8 million. Its top holding was Vanguard Intermediate-Term B (BIV) at 6.7% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 2.9%) and Fidelity Enhanced Intl ETF (FENI, 2.7%). Compared with Q4 2023, it opened 65 new positions, sold out of 65, added to 79 and reduced 128. The biggest buy was Vanguard Intermediate-Term B (BIV, shares +327%) and the biggest sale Apple (AAPL, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- CHAMBERSBURG, PA
- CIK
- 0001697375
- Portfolio Value
- $243.8M (Q1 2024)
- SEC Filing
- 0001697375-24-000002 ↗ filed Apr 26, 2024
Holdings Value
Holdings 432 stocks · $243.8M
| BIV Vanguard Intermediate-Term B | 6.66% | 215,374 | $16.2M | Add +327.2% |
| TLT iShares 20+ Year Treasury BD | 2.85% | 73,484 | $7.0M | Add +28382.2% |
| FENI Fidelity Enhanced Intl ETF | 2.65% | 226,635 | $6.5M | New |
| MSFT Microsoft Corp. | 2.37% | 13,730 | $5.8M | Reduce -19.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.36% | 36,886 | $5.8M | Add +14.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.32% | 29,509 | $5.7M | Add +11.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 2.27% | 21,236 | $5.5M | Add +9.1% |
| EFV iShares MSCI Eafe Value ETF | 2.19% | 98,235 | $5.3M | Add +16.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.16% | 22,286 | $5.3M | Add +13.0% |
| NVDA Nvidia Corp. | 2.15% | 5,808 | $5.2M | Reduce -20.6% |
| CVX Chevron Corp. | 1.93% | 29,809 | $4.7M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 1.72% | 20,975 | $4.2M | Reduce -12.6% |
| PEP Pepsico Inc. | 1.71% | 23,764 | $4.2M | Add +2.7% |
| JNJ Johnson & Johnson | 1.70% | 26,133 | $4.1M | Reduce -1.4% |
| GLD SPDR Gold Shares | 1.64% | 19,441 | $4.0M | Add +0.9% |
| WMT Walmart Inc. | 1.58% | 64,046 | $3.9M | Reduce -4.7% |
| V Visa Inc. Class A | 1.52% | 13,259 | $3.7M | Reduce -3.2% |
| DKS Dick's Sporting Goods Inc. | 1.48% | 16,002 | $3.6M | Reduce -22.2% |
| QCOM Qualcomm Inc. | 1.45% | 20,898 | $3.5M | Reduce -11.1% |
| VCIT Vanguard Int-Term Corporate | 1.41% | 42,773 | $3.4M | New |
| SJNK SS SPDR BB St Hi Yield ETF | 1.41% | 136,488 | $3.4M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.39% | 36,902 | $3.4M | New |
| XLE SS Energy Select Sector | 1.38% | 35,550 | $3.4M | Add +4.7% |
| AVGO Broadcom Inc. | 1.31% | 2,402 | $3.2M | Reduce -19.7% |
| GOOGL Alphabet Inc. Class A | 1.25% | 20,239 | $3.1M | Reduce -4.7% |
| AAPL Apple Inc. | 1.24% | 17,568 | $3.0M | Reduce -21.0% |
| UPS United Parcel Service Class B | 1.23% | 20,201 | $3.0M | Add +6.3% |
| NUE Nucor Corp. | 1.22% | 15,062 | $3.0M | Reduce -10.9% |
| XLF SS Financial Select Sector | 1.19% | 69,120 | $2.9M | Reduce -9.4% |
| XLP SS Consumer Staples Sel Sect | 1.13% | 36,178 | $2.8M | Add +67.4% |
| XLRE SS Real Estate Select Sector | 1.13% | 69,580 | $2.8M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 1.12% | 15,126 | $2.7M | Reduce -11.7% |
| XLI SS Industrial Select Sector | 1.11% | 21,575 | $2.7M | Reduce -4.5% |
| ETN Eaton Corp. PLC | 1.08% | 8,408 | $2.6M | Reduce -11.7% |
| TRV The Travelers Cos Inc. | 1.05% | 11,087 | $2.6M | Reduce -10.3% |
| XLV SS Health Care Select Sector | 1.03% | 17,056 | $2.5M | Add +0.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.98% | 36,467 | $2.4M | Add +3.6% |
| CVS CVS Health Corp. | 0.98% | 29,944 | $2.4M | Add +7.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.98% | 18,600 | $2.4M | Add +20566.7% |
| XLK SS Technology Select Sector | 0.97% | 11,330 | $2.4M | Reduce -9.7% |
| APD Air Products & Chemicals Inc. | 0.96% | 9,705 | $2.4M | Add +10.2% |
| ORCL Oracle Corp. | 0.96% | 18,542 | $2.3M | Reduce -2.4% |
| JEPI JPMorgan Equity Premium Inco | 0.95% | 39,978 | $2.3M | Reduce -12.3% |
| ABBV Abbvie Inc. | 0.91% | 12,128 | $2.2M | Reduce -4.4% |
| PG The Procter & Gamble Co. | 0.87% | 13,145 | $2.1M | Reduce -8.7% |
| XLY SS Consumer Disc Select Sect | 0.87% | 11,565 | $2.1M | Reduce -4.2% |
| ELV Elevance Health Inc. | 0.84% | 3,952 | $2.0M | Add +2.8% |
| VLO Valero Energy Corp. | 0.83% | 11,820 | $2.0M | Reduce -6.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 3,746 | $2.0M | Reduce -4.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.78% | 24,747 | $1.9M | Add +3109.7% |
| MET Metlife Inc. | 0.78% | 25,710 | $1.9M | Reduce -3.7% |
| NOC Northrop Grumman Corp. | 0.76% | 3,888 | $1.9M | Add +4.2% |
| DON Wisdomtree US Midcap Dividen | 0.76% | 37,878 | $1.8M | Reduce -10.5% |
| IEF iShares 7-10 Year Treasury B | 0.70% | 18,018 | $1.7M | New |
| PPL PPL Corp. | 0.68% | 60,059 | $1.7M | Add +0.6% |
| ICE Intercontinental Exchange Inc. | 0.68% | 12,016 | $1.7M | Reduce -8.2% |
| COST Costco Wholesale Corp. | 0.65% | 2,174 | $1.6M | Add +6.0% |
| XLC SS Comm Select Sector SPDR | 0.65% | 19,353 | $1.6M | Add +11.0% |
| EFA iShares MSCI Eafe ETF | 0.56% | 16,960 | $1.4M | Reduce -12.3% |
| NEE Nextera Energy Inc. | 0.56% | 21,188 | $1.4M | Add +1.4% |
| GIS General Mills Inc. | 0.52% | 17,989 | $1.3M | Reduce -3.1% |
| JCI Johnson Controls Internation | 0.51% | 18,959 | $1.2M | Reduce -1.1% |
| SO The Southern Co. | 0.50% | 16,858 | $1.2M | Add +20.7% |
| BLK BlackRock Finance Inc. | 0.48% | 1,418 | $1.2M | Reduce -8.6% |
| XOM Exxon Mobil Corp. | 0.48% | 10,151 | $1.2M | Reduce -7.7% |
| PEG Public Service Enterprise GP | 0.48% | 17,476 | $1.2M | Reduce -0.9% |
| XTL SS SPDR S&P Telecom ETF | 0.47% | 15,279 | $1.1M | Reduce -10.4% |
| XLB SS Materials Select Sector | 0.45% | 11,715 | $1.1M | Add +24.8% |
| AMAT Applied Materials Inc. | 0.40% | 4,715 | $972K | No change |
| PSX Phillips 66 | 0.39% | 5,829 | $952K | Reduce -12.9% |
| DGS Wisdomtree Em Small Cap | 0.36% | 17,417 | $886K | Reduce -8.7% |
| CCI Crown Castle Inc. | 0.36% | 8,354 | $884K | Reduce -11.3% |
| MRK Merck & Co. Inc. | 0.35% | 6,401 | $845K | Reduce -14.1% |
| MDT Medtronic PLC | 0.34% | 9,534 | $831K | Reduce -7.3% |
| FMC FMC Corp. | 0.31% | 11,836 | $754K | Add +9.4% |
| KO The Coca-Cola Co. | 0.30% | 11,946 | $731K | Reduce -11.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.26% | 12,731 | $638K | Add +23.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 2,545 | $636K | Reduce -41.3% |
| IWR iShares Russell Mid-Cap ETF | 0.22% | 6,396 | $538K | No change |
| HD Home Depot Inc. | 0.22% | 1,396 | $536K | Reduce -41.1% |
| WM Waste Management Inc. | 0.21% | 2,388 | $509K | Reduce -2.8% |
| ABT Abbott Laboratories | 0.20% | 4,368 | $496K | Reduce -15.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.20% | 6,599 | $483K | Add +94.0% |
| LLY Eli Lilly & Co. | 0.19% | 601 | $468K | Reduce -4.2% |
| META Meta Platforms Inc. Class A | 0.18% | 910 | $442K | Add +0.2% |
| LOW Lowe's Cos Inc. | 0.18% | 1,727 | $440K | Reduce -4.3% |
| MPC Marathon Petroleum Corp. | 0.17% | 2,014 | $406K | No change |
| QRVO Qorvo Inc. | 0.16% | 3,347 | $384K | No change |
| NSC Norfolk Southern Corp. | 0.15% | 1,412 | $360K | Reduce -43.3% |
| IVV iShares Core S&P 500 ETF | 0.14% | 635 | $334K | No change |
| CEG Constellation Energy | 0.14% | 1,801 | $333K | No change |
| COP Conocophillips | 0.13% | 2,567 | $327K | Reduce -2.8% |
| STLD Steel Dynamics Inc. | 0.13% | 2,150 | $319K | No change |
| IWP iShares Russell Mid-Cap Grow | 0.13% | 2,727 | $311K | Add +50.8% |
| ITOT iShares Core S&P Total U.S. | 0.12% | 2,540 | $293K | Reduce -23.9% |
| PM Philip Morris International | 0.12% | 3,183 | $292K | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 1,487 | $284K | Add +1.3% |
| KMB Kimberly-Clark Corp. | 0.12% | 2,198 | $284K | Reduce -1.4% |
| PRU Prudential Financial Inc. | 0.11% | 2,384 | $280K | Add +5.5% |
| UNH Unitedhealth Group Inc. | 0.11% | 563 | $279K | Reduce -10.2% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -21.0% | 1.24% | −0.95 |
| MSFT Microsoft Corp. | Reduce -19.6% | 2.37% | −0.91 |
| ADM Archer-Daniels-Midland Co. | Reduce -98.0% | 0.01% | −0.66 |
| FRAF Franklin Financial Services | Reduce -77.9% | 0.10% | −0.57 |
| BMY Bristol-Myers Squibb Co. | Reduce -85.9% | 0.07% | −0.51 |
| PFE Pfizer Inc. | Reduce -99.0% | 0.00% | −0.48 |
| JNJ Johnson & Johnson | Reduce -1.4% | 1.70% | −0.43 |
| AVGO Broadcom Inc. | Reduce -19.7% | 1.31% | −0.40 |
| JPM JPMorgan Chase & Co. | Reduce -12.6% | 1.72% | −0.36 |
| CVX Chevron Corp. | Reduce -0.7% | 1.93% | −0.36 |
| JEPI JPMorgan Equity Premium Inco | Reduce -12.3% | 0.95% | −0.33 |
| XLRE SS Real Estate Select Sector | Reduce -0.8% | 1.13% | −0.31 |
| V Visa Inc. Class A | Reduce -3.2% | 1.52% | −0.30 |
| QCOM Qualcomm Inc. | Reduce -11.1% | 1.45% | −0.28 |
| NUE Nucor Corp. | Reduce -10.9% | 1.22% | −0.28 |
| XLF SS Financial Select Sector | Reduce -9.4% | 1.19% | −0.27 |
| XLK SS Technology Select Sector | Reduce -9.7% | 0.97% | −0.27 |
| GOOGL Alphabet Inc. Class A | Reduce -4.7% | 1.25% | −0.26 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -41.3% | 0.26% | −0.25 |
| MA Mastercard Inc. Class A | Reduce -75.8% | 0.07% | −0.23 |
| XTL SS SPDR S&P Telecom ETF | Reduce -10.4% | 0.47% | −0.23 |
| DON Wisdomtree US Midcap Dividen | Reduce -10.5% | 0.76% | −0.23 |
| XLY SS Consumer Disc Select Sect | Reduce -4.2% | 0.87% | −0.23 |
| WMT Walmart Inc. | Reduce -4.7% | 1.58% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -11.7% | 1.12% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -8.7% | 0.87% | −0.20 |
| XLI SS Industrial Select Sector | Reduce -4.5% | 1.11% | −0.20 |
| HD Home Depot Inc. | Reduce -41.1% | 0.22% | −0.20 |
| CCI Crown Castle Inc. | Reduce -11.3% | 0.36% | −0.19 |
| EFA iShares MSCI Eafe ETF | Reduce -12.3% | 0.56% | −0.19 |
| ICE Intercontinental Exchange Inc. | Reduce -8.2% | 0.68% | −0.18 |
| CSX CSX Corp. | Reduce -77.2% | 0.04% | −0.17 |
| BLK BlackRock Finance Inc. | Reduce -8.6% | 0.48% | −0.16 |
| TRV The Travelers Cos Inc. | Reduce -10.3% | 1.05% | −0.16 |
| NSC Norfolk Southern Corp. | Reduce -43.3% | 0.15% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.3% | 0.80% | −0.15 |
| DGS Wisdomtree Em Small Cap | Reduce -8.7% | 0.36% | −0.12 |
| MET Metlife Inc. | Reduce -3.7% | 0.78% | −0.12 |
| CB Chubb Ltd. | Reduce -90.9% | 0.01% | −0.12 |
| KO The Coca-Cola Co. | Reduce -11.0% | 0.30% | −0.10 |
| GIS General Mills Inc. | Reduce -3.1% | 0.52% | −0.10 |
| ABBV Abbvie Inc. | Reduce -4.4% | 0.91% | −0.10 |
| ETN Eaton Corp. PLC | Reduce -11.7% | 1.08% | −0.09 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.09 |
| MDT Medtronic PLC | Reduce -7.3% | 0.34% | −0.09 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.09 |
| ABT Abbott Laboratories | Reduce -15.7% | 0.20% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -7.7% | 0.48% | −0.08 |
| EQIX Equinix Inc. | Reduce -34.4% | 0.09% | −0.07 |
| PEG Public Service Enterprise GP | Reduce -0.9% | 0.48% | −0.07 |
Portfolio Buys Q4 2023 → Q1 2024
| BIV Vanguard Intermediate-Term B | Add +327.2% | 6.66% | +4.69 |
| TLT iShares 20+ Year Treasury BD | Add +28382.2% | 2.85% | +2.84 |
| FENI Fidelity Enhanced Intl ETF | New | 2.65% | +2.65 |
| VCIT Vanguard Int-Term Corporate | New | 1.41% | +1.41 |
| SJNK SS SPDR BB St Hi Yield ETF | New | 1.41% | +1.41 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 1.39% | +1.39 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +20566.7% | 0.98% | +0.97 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +3109.7% | 0.78% | +0.75 |
| IEF iShares 7-10 Year Treasury B | New | 0.70% | +0.70 |
| XLP SS Consumer Staples Sel Sect | Add +67.4% | 1.13% | +0.34 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +94.0% | 0.20% | +0.09 |
| FLOT iShares Floating Rate Bond E | Add +152.2% | 0.07% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +200.0% | 0.07% | +0.04 |
| XLB SS Materials Select Sector | Add +24.8% | 0.45% | +0.04 |
| IWP iShares Russell Mid-Cap Grow | Add +50.8% | 0.13% | +0.03 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.18% | +0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +23.8% | 0.26% | +0.02 |
| EFG iShares MSCI Eafe Growth ETF | Add +38.4% | 0.07% | +0.01 |
| BBAX JPMorgan Betabuilders Develo | New | 0.01% | +0.01 |
| FLGB Franklin Ftse United Kingdom | New | 0.01% | +0.01 |
| GLW Corning Inc. | Add +43.1% | 0.03% | +0.01 |
| EZU iShares MSCI Eurozone ETF | New | 0.01% | +0.01 |
| DELL Dell Technologies -C | Add +3.1% | 0.02% | +0.00 |
| FLJP Franklin Ftse Japan ETF | New | 0.00% | +0.00 |
| MSI Motorola Solutions Inc. | New | 0.00% | +0.00 |
| DRI Darden Restaurants Inc. | Add +40.6% | 0.03% | +0.00 |
| AMT American Tower Corp. | New | 0.00% | +0.00 |
| FLCA Franklin Ftse Canada ETF | New | 0.00% | +0.00 |
| SMH Vaneck Semiconductor ETF | New | 0.00% | +0.00 |
| WDAY Workday Inc. Class A | New | 0.00% | +0.00 |
| FDX FedEx Corp. | Add +775.0% | 0.00% | +0.00 |
| PAVE Global X US Infrastructure | New | 0.00% | +0.00 |
| PLD Prologis Inc. | New | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | Add +43.5% | 0.02% | +0.00 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.00% | +0.00 |
| HWM Howmet Aerospace Inc. | New | 0.00% | +0.00 |
| IRM Iron Mountain Inc. | New | 0.00% | +0.00 |
| LIN Linde PLC | New | 0.00% | +0.00 |
| CAC Camden National Corp. | Add +96.6% | 0.01% | +0.00 |
| PAYX Paychex Inc. | Add +29.4% | 0.04% | +0.00 |
| COIN Coinbase Global Inc. Class A | New | 0.00% | +0.00 |
| CSGP Costar Group Inc. | New | 0.00% | +0.00 |
| EMN Eastman Chemical Co. | New | 0.00% | +0.00 |
| IESC Ies Holdings Inc. | New | 0.00% | +0.00 |
| PGR Progressive Corp. | New | 0.00% | +0.00 |
| VRT Vertiv Holdings Co. Class A | New | 0.00% | +0.00 |
| SSNC Ss&c Technologies Holdings | New | 0.00% | +0.00 |
| BIP Brookfield Infrastructure Pa | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +44.0% | 0.01% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +5.9% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 358 | $394.0M | BIV, TLT, VBK, VBR, EFV |
| Q1 2026Amended | 335 | $367.5M | BIV, TLT, VBR, VBK, EFV |
| Q4 2025 | 333 | $357.2M | BIV, TLT, EFV, VBR, VOE |
| Q3 2025 | 333 | $354.0M | BIV, TLT, EFV, VBR, VOE |
| Q2 2025 | 339 | $319.7M | BIV, TLT, FENI, VBR, VOE |
| Q1 2025 | 405 | $282.4M | BIV, TLT, FENI, VBR, VOE |
| Q4 2024 | 385 | $264.4M | BIV, TLT, VBR, FENI, VBK |
| Q3 2024 | 378 | $259.7M | BIV, TLT, FENI, NVDA, VOE |
| Q2 2024 | 388 | $247.7M | BIV, NVDA, TLT, FENI, MSFT |
| Q1 2024 | 432 | $243.8M | BIV, TLT, FENI, MSFT, VOE |