Farmers & Merchants Trust Co of Chambersburg PA
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Farmers & Merchants Trust Co of Chambersburg PA reported 385 stock positions worth $264.4 million. Its top holding was Vanguard Intermediate-Term B (BIV) at 8.7% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 3.5%) and Vngrd Mrngst SL-CP Val ETF-U (VBR, 2.6%). Compared with Q3 2024, it opened 19 new positions, sold out of 12, added to 56 and reduced 71. The biggest buy was Vanguard Intermediate-Term B (BIV, shares +21%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- CHAMBERSBURG, PA
- CIK
- 0001697375
- Portfolio Value
- $264.4M (Q4 2024)
- SEC Filing
- 0001697375-25-000001 ↗ filed Jan 30, 2025
Holdings Value
Holdings 385 stocks · $264.4M
| BIV Vanguard Intermediate-Term B | 8.68% | 307,170 | $23.0M | Add +20.6% |
| TLT iShares 20+ Year Treasury BD | 3.53% | 106,988 | $9.3M | Add +17.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.56% | 34,170 | $6.8M | Add +13.6% |
| FENI Fidelity Enhanced Intl ETF | 2.55% | 244,756 | $6.7M | Add +6.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 2.49% | 23,473 | $6.6M | Add +5.4% |
| NVDA Nvidia Corp. | 2.46% | 48,483 | $6.5M | Reduce -13.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.39% | 39,099 | $6.3M | Add +6.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.32% | 24,187 | $6.1M | Add +5.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.15% | 62,086 | $5.7M | Add +32.7% |
| EFV iShares MSCI Eafe Value ETF | 2.08% | 105,048 | $5.5M | Add +3.8% |
| VCIT Vanguard Int-Term Corporate | 2.07% | 68,028 | $5.5M | Add +29.0% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.02% | 211,576 | $5.3M | Add +24.9% |
| MSFT Microsoft Corp. | 1.99% | 12,451 | $5.2M | Reduce -4.2% |
| AVGO Broadcom Inc. | 1.83% | 20,926 | $4.9M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 1.83% | 20,150 | $4.8M | Reduce -1.1% |
| WMT Walmart Inc. | 1.81% | 53,089 | $4.8M | Reduce -7.7% |
| GLD SPDR Gold Shares | 1.77% | 19,345 | $4.7M | Add +8.3% |
| AAPL Apple Inc. | 1.58% | 16,682 | $4.2M | Add +0.3% |
| V Visa Inc. Class A | 1.49% | 12,465 | $3.9M | Reduce -5.0% |
| GOOGL Alphabet Inc. Class A | 1.46% | 20,322 | $3.8M | Add +4.2% |
| XLF SS Financial Select Sector | 1.42% | 77,768 | $3.8M | Add +7.4% |
| CVX Chevron Corp. | 1.36% | 24,771 | $3.6M | Reduce -7.6% |
| AMZN Amazon.com Inc. | 1.28% | 15,441 | $3.4M | Add +4.3% |
| DKS Dick's Sporting Goods Inc. | 1.28% | 14,790 | $3.4M | Reduce -1.5% |
| ABBV Abbvie Inc. | 1.28% | 19,002 | $3.4M | Reduce -3.3% |
| PEP Pepsico Inc. | 1.25% | 21,772 | $3.3M | Reduce -2.6% |
| JNJ Johnson & Johnson | 1.21% | 22,133 | $3.2M | Reduce -5.0% |
| QCOM Qualcomm Inc. | 1.17% | 20,121 | $3.1M | Reduce -1.7% |
| XLI SS Industrial Select Sector | 1.14% | 22,934 | $3.0M | Reduce -1.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.10% | 37,335 | $2.9M | Add +24.8% |
| XLK SS Technology Select Sector | 1.10% | 12,524 | $2.9M | Add +7.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.08% | 37,673 | $2.9M | Add +1.2% |
| XLP SS Consumer Staples Sel Sect | 1.04% | 35,054 | $2.8M | Add +0.7% |
| XLRE SS Real Estate Select Sector | 1.04% | 67,590 | $2.7M | Add +4.6% |
| ORCL Oracle Corp. | 1.04% | 16,485 | $2.7M | Add +1.5% |
| RTX RTX Corp. | 1.03% | 23,555 | $2.7M | Add +2.8% |
| TRV The Travelers Cos Inc. | 0.98% | 10,747 | $2.6M | Add +0.1% |
| IEF iShares 7-10 Year Treasury B | 0.97% | 27,728 | $2.6M | Add +20.8% |
| XLE SS Energy Select Sector | 0.97% | 29,882 | $2.6M | Reduce -4.3% |
| XLY SS Consumer Disc Select Sect | 0.94% | 11,121 | $2.5M | Reduce -2.5% |
| ETN Eaton Corp. PLC | 0.93% | 7,444 | $2.5M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.88% | 2,547 | $2.3M | Reduce -4.3% |
| MET Metlife Inc. | 0.84% | 27,209 | $2.2M | Add +8.7% |
| XLC SS Comm Select Sector SPDR | 0.84% | 22,871 | $2.2M | Add +19.8% |
| JEPI JPMorgan Equity Premium Inco | 0.77% | 35,445 | $2.0M | Add +1.9% |
| XLV SS Health Care Select Sector | 0.76% | 14,527 | $2.0M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.74% | 3,340 | $2.0M | Reduce -0.1% |
| ICE Intercontinental Exchange Inc. | 0.72% | 12,747 | $1.9M | Add +8.9% |
| NOC Northrop Grumman Corp. | 0.70% | 3,926 | $1.8M | Add +1.4% |
| PG The Procter & Gamble Co. | 0.69% | 10,936 | $1.8M | Reduce -9.8% |
| SO The Southern Co. | 0.69% | 22,072 | $1.8M | Add +14.4% |
| PPL PPL Corp. | 0.66% | 53,615 | $1.7M | Reduce -1.9% |
| DON Wisdomtree US Midcap Dividen | 0.61% | 31,467 | $1.6M | Add +2.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.60% | 18,310 | $1.6M | Reduce -1.5% |
| NUE Nucor Corp. | 0.58% | 13,200 | $1.5M | Add +0.4% |
| ELV Elevance Health Inc. | 0.58% | 4,157 | $1.5M | Add +2.3% |
| XLB SS Materials Select Sector | 0.52% | 16,379 | $1.4M | Add +12.9% |
| APD Air Products & Chemicals Inc. | 0.50% | 4,533 | $1.3M | Reduce -27.5% |
| BLK BlackRock Inc. | 0.50% | 1,279 | $1.3M | Add +0.8% |
| XTL SS SPDR S&P Telecom ETF | 0.49% | 12,124 | $1.3M | Reduce -9.0% |
| JCI Johnson Controls Internation | 0.47% | 15,824 | $1.2M | Reduce -5.3% |
| PEG Public Service Enterprise GP | 0.46% | 14,540 | $1.2M | Reduce -0.9% |
| PSX Phillips 66 | 0.46% | 10,758 | $1.2M | Add +16.8% |
| EFA iShares MSCI Eafe ETF | 0.44% | 15,535 | $1.2M | Add +2.5% |
| NEE Nextera Energy Inc. | 0.41% | 15,071 | $1.1M | Reduce -15.8% |
| XOM Exxon Mobil Corp. | 0.38% | 9,308 | $1.0M | Reduce -2.4% |
| UNH Unitedhealth Group Inc. | 0.38% | 1,969 | $996K | Add +31.2% |
| VLO Valero Energy Corp. | 0.36% | 7,684 | $942K | Reduce -30.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.34% | 10,129 | $890K | Add +19.9% |
| IWF iShares Russell 1000 Growth | 0.32% | 2,106 | $846K | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.30% | 15,340 | $784K | Add +22.6% |
| GIS General Mills Inc. | 0.29% | 12,200 | $778K | Reduce -23.8% |
| AMAT Applied Materials Inc. | 0.28% | 4,575 | $744K | No change |
| KO The Coca-Cola Co. | 0.26% | 11,228 | $699K | No change |
| DGS Wisdomtree Em Small Cap | 0.26% | 14,002 | $685K | Add +2.8% |
| IWR iShares Russell Mid-Cap ETF | 0.21% | 6,396 | $565K | No change |
| MRK Merck & Co. Inc. | 0.20% | 5,448 | $542K | Reduce -7.2% |
| IWP iShares Russell Mid-Cap Grow | 0.19% | 4,067 | $515K | Add +10.9% |
| MDT Medtronic PLC | 0.19% | 6,235 | $498K | Reduce -24.1% |
| CCI Crown Castle Inc. | 0.18% | 5,123 | $465K | Reduce -21.9% |
| ABT Abbott Laboratories | 0.17% | 4,067 | $460K | Add +8.4% |
| LLY Eli Lilly & Co. | 0.17% | 591 | $456K | Reduce -1.7% |
| HD Home Depot Inc. | 0.17% | 1,151 | $448K | Reduce -9.6% |
| META Meta Platforms Inc. Class A | 0.16% | 745 | $436K | Reduce -38.4% |
| ITOT iShares Core S&P Total U.S. | 0.16% | 3,342 | $430K | Add +33.7% |
| WM Waste Management Inc. | 0.16% | 2,095 | $423K | No change |
| IWD iShares Russell 1000 Value E | 0.14% | 2,064 | $382K | No change |
| LOW Lowe's Cos Inc. | 0.14% | 1,544 | $381K | No change |
| IVV iShares Core S&P 500 ETF | 0.14% | 635 | $374K | No change |
| PM Philip Morris International | 0.13% | 2,850 | $343K | Reduce -2.6% |
| CEG Constellation Energy | 0.13% | 1,510 | $338K | No change |
| CVS CVS Health Corp. | 0.13% | 7,437 | $334K | Reduce -2.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.12% | 1,246 | $329K | Add +10.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 1,440 | $317K | No change |
| NSC Norfolk Southern Corp. | 0.12% | 1,350 | $317K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.12% | 3,965 | $305K | No change |
| LMT Lockheed Martin Corp. | 0.11% | 611 | $297K | No change |
| PRU Prudential Financial Inc. | 0.11% | 2,502 | $297K | No change |
| FLOT iShares Floating Rate Bond E | 0.11% | 5,801 | $295K | Add +38.8% |
| KMB Kimberly-Clark Corp. | 0.11% | 2,192 | $287K | Reduce -0.3% |
Portfolio Sells Q3 2024 → Q4 2024
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.5% | 0.60% | −0.26 |
| JNJ Johnson & Johnson | Reduce -5.0% | 1.21% | −0.24 |
| APD Air Products & Chemicals Inc. | Reduce -27.5% | 0.50% | −0.22 |
| VLO Valero Energy Corp. | Reduce -30.4% | 0.36% | −0.22 |
| ABBV Abbvie Inc. | Reduce -3.3% | 1.28% | −0.22 |
| PEP Pepsico Inc. | Reduce -2.6% | 1.25% | −0.21 |
| NEE Nextera Energy Inc. | Reduce -15.8% | 0.41% | −0.17 |
| QCOM Qualcomm Inc. | Reduce -1.7% | 1.17% | −0.17 |
| NVDA Nvidia Corp. | Reduce -13.8% | 2.46% | −0.17 |
| MSFT Microsoft Corp. | Reduce -4.2% | 1.99% | −0.17 |
| CVX Chevron Corp. | Reduce -7.6% | 1.36% | −0.16 |
| GIS General Mills Inc. | Reduce -23.8% | 0.29% | −0.16 |
| CCI Crown Castle Inc. | Reduce -21.9% | 0.18% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -9.8% | 0.69% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -38.4% | 0.16% | −0.10 |
| MDT Medtronic PLC | Reduce -24.1% | 0.19% | −0.10 |
| XLE SS Energy Select Sector | Reduce -4.3% | 0.97% | −0.09 |
| FRAF Franklin Financial Services | Reduce -99.5% | 0.00% | −0.08 |
| FMC FMC Corp. | Reduce -39.5% | 0.06% | −0.08 |
| MTB M & T Bank Corp. | Reduce -83.6% | 0.01% | −0.07 |
| XLI SS Industrial Select Sector | Reduce -1.1% | 1.14% | −0.07 |
| CVS CVS Health Corp. | Reduce -2.6% | 0.13% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -2.4% | 0.38% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -7.2% | 0.20% | −0.05 |
| VGT Vanguard Info Tech ETF | Reduce -60.0% | 0.03% | −0.05 |
| PEG Public Service Enterprise GP | Reduce -0.9% | 0.46% | −0.04 |
| PPL PPL Corp. | Reduce -1.9% | 0.66% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -1.7% | 0.17% | −0.03 |
| HD Home Depot Inc. | Reduce -9.6% | 0.17% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -9.2% | 0.09% | −0.03 |
| JCI Johnson Controls Internation | Reduce -5.3% | 0.47% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -4.3% | 0.88% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -1.0% | 0.93% | −0.03 |
| XTL SS SPDR S&P Telecom ETF | Reduce -9.0% | 0.49% | −0.03 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.02 |
| CARR Carrier Global Corp. | Reduce -7.0% | 0.08% | −0.02 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.02 |
| REET iShares Global REIT ETF | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.06% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.01 |
| SBUX Starbucks Corp. | Reduce -28.6% | 0.03% | −0.01 |
| ADI Analog Devices Inc. | Reduce -42.2% | 0.01% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -17.3% | 0.03% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -0.3% | 0.11% | −0.01 |
| UPS United Parcel Service Class B | Reduce -7.0% | 0.06% | −0.01 |
| PNC PNC Financial Services Group | Reduce -68.0% | 0.01% | −0.01 |
| EXC Exelon Corp. | Reduce -1.9% | 0.07% | −0.01 |
| TGT Target Corp. | Reduce -22.7% | 0.02% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -30.3% | 0.03% | −0.01 |
| INTC Intel Corp. | Reduce -76.7% | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| BIV Vanguard Intermediate-Term B | Add +20.6% | 8.68% | +0.99 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +32.7% | 2.15% | +0.49 |
| VCIT Vanguard Int-Term Corporate | Add +29.0% | 2.07% | +0.36 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +24.9% | 2.02% | +0.34 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +13.6% | 2.56% | +0.24 |
| AMZN Amazon.com Inc. | Add +4.3% | 1.28% | +0.22 |
| GOOGL Alphabet Inc. Class A | Add +4.2% | 1.46% | +0.21 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +5.4% | 2.49% | +0.19 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +24.8% | 1.10% | +0.19 |
| XLC SS Comm Select Sector SPDR | Add +19.8% | 0.84% | +0.17 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +5.1% | 2.32% | +0.16 |
| XLF SS Financial Select Sector | Add +7.4% | 1.42% | +0.16 |
| IEF iShares 7-10 Year Treasury B | Add +20.8% | 0.97% | +0.10 |
| GLD SPDR Gold Shares | Add +8.3% | 1.77% | +0.10 |
| TLT iShares 20+ Year Treasury BD | Add +17.6% | 3.53% | +0.10 |
| AAPL Apple Inc. | Add +0.3% | 1.58% | +0.09 |
| XLK SS Technology Select Sector | Add +7.1% | 1.10% | +0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +19.9% | 0.34% | +0.07 |
| MET Metlife Inc. | Add +8.7% | 0.84% | +0.05 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +22.6% | 0.30% | +0.04 |
| ITOT iShares Core S&P Total U.S. | Add +33.7% | 0.16% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +31.2% | 0.38% | +0.04 |
| BLK BlackRock Inc. | Add +0.8% | 0.50% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | New | 0.03% | +0.03 |
| FLOT iShares Floating Rate Bond E | Add +38.8% | 0.11% | +0.03 |
| IWP iShares Russell Mid-Cap Grow | Add +10.9% | 0.19% | +0.03 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +6.8% | 2.39% | +0.03 |
| TSLA Tesla Inc. | New | 0.02% | +0.02 |
| SO The Southern Co. | Add +14.4% | 0.69% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.02% | +0.02 |
| GSLC Goldman Activebeta US LC ETF | New | 0.01% | +0.01 |
| TRV The Travelers Cos Inc. | Add +0.1% | 0.98% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +10.8% | 0.12% | +0.01 |
| ABT Abbott Laboratories | Add +8.4% | 0.17% | +0.01 |
| IQLT iShares MSCI International Q | New | 0.01% | +0.01 |
| DGRO iShares Core Dividend Growth | New | 0.01% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +181.0% | 0.01% | +0.01 |
| SCHY Schwab International DVD ETF | New | 0.01% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +39.4% | 0.02% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +15.7% | 0.07% | +0.01 |
| CL Colgate-Palmolive Co. | Add +34.7% | 0.03% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | New | 0.00% | +0.00 |
| USHY iShares Broad Usd High Yield | New | 0.00% | +0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.00% | +0.00 |
| EFG iShares MSCI Eafe Growth ETF | Add +17.6% | 0.10% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +44.2% | 0.01% | +0.00 |
| PDBC Invesco Optimum Yield Divers | New | 0.00% | +0.00 |
| GSIE Goldman Sachs Activebeta Int | New | 0.00% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | New | 0.00% | +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 |