Farmers & Merchants Trust Co of Chambersburg PA
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Farmers & Merchants Trust Co of Chambersburg PA reported 405 stock positions worth $282.4 million. Its top holding was Vanguard Intermediate-Term B (BIV) at 9.7% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 4.5%) and Fidelity Enhanced Intl ETF (FENI, 2.7%). Compared with Q4 2024, it opened 32 new positions, sold out of 12, added to 84 and reduced 57. The biggest buy was Vanguard Intermediate-Term B (BIV, shares +16%) and the biggest sale Pepsico (PEP, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- CHAMBERSBURG, PA
- CIK
- 0001697375
- Portfolio Value
- $282.4M (Q1 2025)
- SEC Filing
- 0001697375-25-000005 ↗ filed Apr 25, 2025
Holdings Value
Holdings 405 stocks · $282.4M
| BIV Vanguard Intermediate-Term B | 9.67% | 356,560 | $27.3M | Add +16.1% |
| TLT iShares 20+ Year Treasury BD | 4.48% | 138,808 | $12.6M | Add +29.7% |
| FENI Fidelity Enhanced Intl ETF | 2.72% | 257,916 | $7.7M | Add +5.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.56% | 38,731 | $7.2M | Add +13.3% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.55% | 44,904 | $7.2M | Add +14.8% |
| EFV iShares MSCI Eafe Value ETF | 2.50% | 119,614 | $7.0M | Add +13.9% |
| VCIT Vanguard Int-Term Corporate | 2.40% | 82,971 | $6.8M | Add +22.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.38% | 73,283 | $6.7M | Add +18.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 2.32% | 26,069 | $6.6M | Add +11.1% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.25% | 252,110 | $6.3M | Add +19.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.20% | 25,443 | $6.2M | Add +5.2% |
| GLD SPDR Gold Shares | 1.98% | 19,436 | $5.6M | Add +0.5% |
| NVDA Nvidia Corp. | 1.97% | 51,418 | $5.6M | Add +6.0% |
| MSFT Microsoft Corp. | 1.75% | 13,136 | $4.9M | Add +5.5% |
| JPM JPMorgan Chase & Co. | 1.69% | 19,479 | $4.8M | Reduce -3.3% |
| WMT Walmart Inc. | 1.54% | 49,648 | $4.4M | Reduce -6.5% |
| XLK SS Technology Select Sector | 1.49% | 20,386 | $4.2M | Add +62.8% |
| V Visa Inc. Class A | 1.49% | 11,985 | $4.2M | Reduce -3.9% |
| CVX Chevron Corp. | 1.47% | 24,892 | $4.2M | Add +0.5% |
| XLP SS Consumer Staples Sel Sect | 1.47% | 50,854 | $4.2M | Add +45.1% |
| ABBV Abbvie Inc. | 1.43% | 19,245 | $4.0M | Add +1.3% |
| XLF SS Financial Select Sector | 1.39% | 79,041 | $3.9M | Add +1.6% |
| AAPL Apple Inc. | 1.31% | 16,622 | $3.7M | Reduce -0.4% |
| JNJ Johnson & Johnson | 1.30% | 22,120 | $3.7M | Reduce -0.1% |
| AVGO Broadcom Inc. | 1.24% | 20,959 | $3.5M | Add +0.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.23% | 44,003 | $3.5M | Add +17.9% |
| QCOM Qualcomm Inc. | 1.18% | 21,668 | $3.3M | Add +7.7% |
| IEF iShares 7-10 Year Treasury B | 1.15% | 34,193 | $3.3M | Add +23.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.14% | 40,851 | $3.2M | Add +8.4% |
| XLC SS Comm Select Sector SPDR | 1.14% | 33,378 | $3.2M | Add +45.9% |
| GOOGL Alphabet Inc. Class A | 1.12% | 20,507 | $3.2M | Add +0.9% |
| XLI SS Industrial Select Sector | 1.11% | 23,987 | $3.1M | Add +4.6% |
| RTX RTX Corp. | 1.11% | 23,640 | $3.1M | Add +0.4% |
| DKS Dick's Sporting Goods Inc. | 1.09% | 15,320 | $3.1M | Add +3.6% |
| XLRE SS Real Estate Select Sector | 1.06% | 71,809 | $3.0M | Add +6.2% |
| AMZN Amazon.com Inc. | 1.06% | 15,716 | $3.0M | Add +1.8% |
| XLE SS Energy Select Sector | 1.02% | 30,934 | $2.9M | Add +3.5% |
| TRV The Travelers Cos Inc. | 0.99% | 10,548 | $2.8M | Reduce -1.9% |
| XLV SS Health Care Select Sector | 0.94% | 18,266 | $2.7M | Add +25.7% |
| COST Costco Wholesale Corp. | 0.89% | 2,647 | $2.5M | Add +3.9% |
| ORCL Oracle Corp. | 0.89% | 17,890 | $2.5M | Add +8.5% |
| SO The Southern Co. | 0.82% | 25,082 | $2.3M | Add +13.6% |
| MET Metlife Inc. | 0.81% | 28,623 | $2.3M | Add +5.2% |
| ICE Intercontinental Exchange Inc. | 0.80% | 13,144 | $2.3M | Add +3.1% |
| XLY SS Consumer Disc Select Sect | 0.79% | 11,334 | $2.2M | Add +1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.78% | 8,870 | $2.2M | Add +516.0% |
| JEPI JPMorgan Equity Premium Inco | 0.72% | 35,822 | $2.0M | Add +1.1% |
| ETN Eaton Corp. PLC | 0.72% | 7,529 | $2.0M | Add +1.1% |
| PPL PPL Corp. | 0.67% | 52,187 | $1.9M | Reduce -2.7% |
| GS Goldman Sachs Group Inc. | 0.63% | 3,264 | $1.8M | Add +11988.9% |
| PG The Procter & Gamble Co. | 0.63% | 10,404 | $1.8M | Reduce -4.9% |
| XLB SS Materials Select Sector | 0.58% | 18,927 | $1.6M | Add +15.6% |
| DON Wisdomtree US Midcap Dividen | 0.56% | 32,034 | $1.6M | Add +1.8% |
| NUE Nucor Corp. | 0.54% | 12,608 | $1.5M | Reduce -4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 2,685 | $1.5M | Reduce -19.6% |
| BLK BlackRock Inc. | 0.46% | 1,383 | $1.3M | Add +8.1% |
| EFA iShares MSCI Eafe ETF | 0.45% | 15,511 | $1.3M | Reduce -0.1% |
| JCI Johnson Controls Internation | 0.44% | 15,624 | $1.3M | Reduce -1.3% |
| APD Air Products & Chemicals Inc. | 0.44% | 4,172 | $1.2M | Reduce -8.0% |
| PEP Pepsico Inc. | 0.43% | 8,122 | $1.2M | Reduce -62.7% |
| FRAF Franklin Financial Services | 0.43% | 34,084 | $1.2M | Add +100147.1% |
| PEG Public Service Enterprise GP | 0.43% | 14,622 | $1.2M | Add +0.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.42% | 23,498 | $1.2M | Add +53.2% |
| XTL SS SPDR S&P Telecom ETF | 0.41% | 11,498 | $1.1M | Reduce -5.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.40% | 14,068 | $1.1M | Add +38.9% |
| XOM Exxon Mobil Corp. | 0.38% | 8,970 | $1.1M | Reduce -3.6% |
| NEE Nextera Energy Inc. | 0.37% | 14,843 | $1.1M | Reduce -1.5% |
| VLO Valero Energy Corp. | 0.37% | 7,846 | $1.0M | Add +2.1% |
| KO The Coca-Cola Co. | 0.29% | 11,634 | $833K | Add +3.6% |
| DGS Wisdomtree Em Small Cap | 0.26% | 15,336 | $741K | Add +9.5% |
| IWP iShares Russell Mid-Cap Grow | 0.24% | 5,753 | $676K | Add +41.5% |
| AMAT Applied Materials Inc. | 0.24% | 4,575 | $664K | No change |
| FLOT iShares Floating Rate Bond E | 0.22% | 12,372 | $632K | Add +113.3% |
| IWF iShares Russell 1000 Growth | 0.21% | 1,621 | $585K | Reduce -23.0% |
| ABT Abbott Laboratories | 0.21% | 4,386 | $582K | Add +7.8% |
| MDT Medtronic PLC | 0.19% | 5,966 | $536K | Reduce -4.3% |
| CVS CVS Health Corp. | 0.18% | 7,437 | $504K | No change |
| PM Philip Morris International | 0.17% | 3,020 | $479K | Add +6.0% |
| MRK Merck & Co. Inc. | 0.16% | 5,170 | $464K | Reduce -5.1% |
| WM Waste Management Inc. | 0.16% | 1,990 | $461K | Reduce -5.0% |
| ELV Elevance Health Inc. | 0.16% | 1,008 | $438K | Reduce -75.8% |
| META Meta Platforms Inc. Class A | 0.16% | 760 | $438K | Add +2.0% |
| EFG iShares MSCI Eafe Growth ETF | 0.15% | 4,268 | $427K | Add +56.4% |
| HD Home Depot Inc. | 0.14% | 1,093 | $401K | Reduce -5.0% |
| IWR iShares Russell Mid-Cap ETF | 0.14% | 4,696 | $399K | Reduce -26.6% |
| GIS General Mills Inc. | 0.13% | 6,335 | $379K | Reduce -48.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.13% | 5,314 | $369K | Reduce -71.0% |
| LOW Lowe's Cos Inc. | 0.13% | 1,544 | $360K | No change |
| PSX Phillips 66 | 0.13% | 2,891 | $357K | Reduce -73.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.12% | 4,030 | $338K | Add +1.6% |
| LLY Eli Lilly & Co. | 0.11% | 388 | $320K | Reduce -34.4% |
| NSC Norfolk Southern Corp. | 0.11% | 1,350 | $320K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.11% | 1,228 | $318K | Reduce -1.4% |
| IWD iShares Russell 1000 Value E | 0.11% | 1,664 | $313K | Reduce -19.4% |
| KMB Kimberly-Clark Corp. | 0.11% | 2,192 | $312K | No change |
| CEG Constellation Energy | 0.11% | 1,500 | $302K | Reduce -0.7% |
| PRU Prudential Financial Inc. | 0.10% | 2,502 | $279K | No change |
| DUK Duke Energy Corp. | 0.10% | 2,264 | $276K | No change |
| LMT Lockheed Martin Corp. | 0.10% | 617 | $276K | Add +1.0% |
| STLD Steel Dynamics Inc. | 0.10% | 2,150 | $269K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| PEP Pepsico Inc. | Reduce -62.7% | 0.43% | −0.82 |
| NOC Northrop Grumman Corp. | Reduce -87.8% | 0.09% | −0.61 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -71.0% | 0.13% | −0.47 |
| ELV Elevance Health Inc. | Reduce -75.8% | 0.16% | −0.43 |
| PSX Phillips 66 | Reduce -73.1% | 0.13% | −0.34 |
| UNH Unitedhealth Group Inc. | Reduce -82.5% | 0.06% | −0.31 |
| AAPL Apple Inc. | Reduce -0.4% | 1.31% | −0.27 |
| WMT Walmart Inc. | Reduce -6.5% | 1.54% | −0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -19.6% | 0.53% | −0.21 |
| GIS General Mills Inc. | Reduce -48.1% | 0.13% | −0.16 |
| JPM JPMorgan Chase & Co. | Reduce -3.3% | 1.69% | −0.13 |
| IWF iShares Russell 1000 Growth | Reduce -23.0% | 0.21% | −0.11 |
| CCI Crown Castle Inc. | Reduce -60.6% | 0.07% | −0.10 |
| XTL SS SPDR S&P Telecom ETF | Reduce -5.2% | 0.41% | −0.08 |
| ITOT iShares Core S&P Total U.S. | Reduce -40.7% | 0.09% | −0.08 |
| EQIX Equinix Inc. | Reduce -79.2% | 0.01% | −0.07 |
| IWR iShares Russell Mid-Cap ETF | Reduce -26.6% | 0.14% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -4.9% | 0.63% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -8.0% | 0.44% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -34.4% | 0.11% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -33.4% | 0.08% | −0.06 |
| NUE Nucor Corp. | Reduce -4.5% | 0.54% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -5.1% | 0.16% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -1.5% | 0.37% | −0.04 |
| IWD iShares Russell 1000 Value E | Reduce -19.4% | 0.11% | −0.03 |
| JCI Johnson Controls Internation | Reduce -1.3% | 0.44% | −0.03 |
| HD Home Depot Inc. | Reduce -5.0% | 0.14% | −0.03 |
| CEG Constellation Energy | Reduce -0.7% | 0.11% | −0.02 |
| BA The Boeing Co. | Reduce -75.0% | 0.01% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -30.4% | 0.04% | −0.02 |
| FMC FMC Corp. | Reduce -6.8% | 0.05% | −0.01 |
| IWO iShares Russell 2000 Growth | Reduce -5.9% | 0.04% | −0.01 |
| SBUX Starbucks Corp. | Reduce -46.7% | 0.01% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.4% | 0.11% | −0.01 |
| FE Firstenergy Corp. | Reduce -50.0% | 0.01% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -53.2% | 0.01% | −0.01 |
| HUN Huntsman Corp. | Sold out | 0.00% | −0.01 |
| COP Conocophillips | Reduce -4.9% | 0.08% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -5.2% | 0.03% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -7.4% | 0.01% | −0.00 |
| SLB SLB Ltd. | Reduce -12.1% | 0.02% | −0.00 |
| GSIE Goldman Sachs Activebeta Int | Sold out | 0.00% | −0.00 |
| VCTR Victory Capital Holding - A | Sold out | 0.00% | −0.00 |
| VSH Vishay Intertechnology Inc. | Reduce -8.5% | 0.01% | −0.00 |
| FTV Fortive Corp. | Reduce -16.1% | 0.01% | −0.00 |
| V Visa Inc. Class A | Reduce -3.9% | 1.49% | −0.00 |
| FTGC First Trust Global Tactical | Sold out | 0.00% | −0.00 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.00 |
| TEL Te Connectivity PLC | Reduce -9.8% | 0.01% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| BIV Vanguard Intermediate-Term B | Add +16.1% | 9.67% | +0.99 |
| TLT iShares 20+ Year Treasury BD | Add +29.7% | 4.48% | +0.94 |
| IBM Intl Business Machines Corp. | Add +516.0% | 0.78% | +0.66 |
| GS Goldman Sachs Group Inc. | Add +11988.9% | 0.63% | +0.63 |
| XLP SS Consumer Staples Sel Sect | Add +45.1% | 1.47% | +0.43 |
| FRAF Franklin Financial Services | Add +100147.1% | 0.43% | +0.43 |
| EFV iShares MSCI Eafe Value ETF | Add +13.9% | 2.50% | +0.41 |
| XLK SS Technology Select Sector | Add +62.8% | 1.49% | +0.39 |
| VCIT Vanguard Int-Term Corporate | Add +22.0% | 2.40% | +0.34 |
| XLC SS Comm Select Sector SPDR | Add +45.9% | 1.14% | +0.30 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +18.0% | 2.38% | +0.23 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +19.2% | 2.25% | +0.23 |
| GLD SPDR Gold Shares | Add +0.5% | 1.98% | +0.21 |
| XLV SS Health Care Select Sector | Add +25.7% | 0.94% | +0.19 |
| IEF iShares 7-10 Year Treasury B | Add +23.3% | 1.15% | +0.19 |
| FENI Fidelity Enhanced Intl ETF | Add +5.4% | 2.72% | +0.17 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +14.8% | 2.55% | +0.16 |
| ABBV Abbvie Inc. | Add +1.3% | 1.43% | +0.15 |
| SO The Southern Co. | Add +13.6% | 0.82% | +0.13 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +17.9% | 1.23% | +0.13 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +53.2% | 0.42% | +0.13 |
| CVX Chevron Corp. | Add +0.5% | 1.47% | +0.12 |
| FLOT iShares Floating Rate Bond E | Add +113.3% | 0.22% | +0.11 |
| ICE Intercontinental Exchange Inc. | Add +3.1% | 0.80% | +0.08 |
| RTX RTX Corp. | Add +0.4% | 1.11% | +0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +38.9% | 0.40% | +0.06 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +8.4% | 1.14% | +0.06 |
| XLE SS Energy Select Sector | Add +3.5% | 1.02% | +0.06 |
| XLB SS Materials Select Sector | Add +15.6% | 0.58% | +0.06 |
| EFG iShares MSCI Eafe Growth ETF | Add +56.4% | 0.15% | +0.05 |
| GOVT iShares US Treasury Bond ETF | New | 0.05% | +0.05 |
| IWP iShares Russell Mid-Cap Grow | Add +41.5% | 0.24% | +0.04 |
| PM Philip Morris International | Add +6.0% | 0.17% | +0.04 |
| ABT Abbott Laboratories | Add +7.8% | 0.21% | +0.03 |
| KO The Coca-Cola Co. | Add +3.6% | 0.29% | +0.03 |
| XLRE SS Real Estate Select Sector | Add +6.2% | 1.06% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +115.4% | 0.04% | +0.02 |
| VZ Verizon Communications Inc. | Add +16.9% | 0.08% | +0.02 |
| VLO Valero Energy Corp. | Add +2.1% | 0.37% | +0.01 |
| POWW Outdoor Holding Co. | New | 0.01% | +0.01 |
| USIG iShares Broad Usd Investment | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | Add +7.7% | 1.18% | +0.01 |
| AMGN Amgen Inc. | Add +2.6% | 0.06% | +0.01 |
| MO Altria Group Inc. | Add +4.4% | 0.08% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +2.9% | 0.06% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +12.6% | 0.04% | +0.01 |
| AMD Advanced Micro Devices | Add +277.8% | 0.01% | +0.01 |
| EVRG Evergy Inc. | New | 0.01% | +0.01 |
| YUM Yum! Brands Inc. | New | 0.01% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +24.0% | 0.04% | +0.01 |
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 |