Farmers & Merchants Trust Co of Chambersburg PA
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 10, 2025), Farmers & Merchants Trust Co of Chambersburg PA reported 339 stock positions worth $319.7 million. Its top holding was Vanguard Intermediate-Term B (BIV) at 10.1% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 4.8%) and Fidelity Enhanced Intl ETF (FENI, 2.7%). Compared with Q1 2025, it opened 17 new positions, sold out of 83, added to 62 and reduced 89. The biggest buy was SS SPDR P S&P 500 Growth ETF (SPYG, shares +150%) and the biggest sale Franklin Financial Services (FRAF, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- CHAMBERSBURG, PA
- CIK
- 0001697375
- Portfolio Value
- $319.7M (Q2 2025)
- SEC Filing
- 0001697375-25-000006 ↗ filed Jul 10, 2025
Holdings Value
Holdings 339 stocks · $319.7M
| BIV Vanguard Intermediate-Term B | 10.12% | 418,329 | $32.4M | Add +17.3% |
| TLT iShares 20+ Year Treasury BD | 4.81% | 174,391 | $15.4M | Add +25.6% |
| FENI Fidelity Enhanced Intl ETF | 2.70% | 259,172 | $8.6M | Add +0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.63% | 43,154 | $8.4M | Add +11.4% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.58% | 50,079 | $8.2M | Add +11.5% |
| EFV iShares MSCI Eafe Value ETF | 2.52% | 127,117 | $8.1M | Add +6.3% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 2.49% | 28,772 | $8.0M | Add +10.4% |
| VCIT Vanguard Int-Term Corporate | 2.37% | 91,461 | $7.6M | Add +10.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.32% | 80,802 | $7.4M | Add +10.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.29% | 25,692 | $7.3M | Add +1.0% |
| NVDA Nvidia Corp. | 2.26% | 45,789 | $7.2M | Reduce -10.9% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.24% | 280,784 | $7.2M | Add +11.4% |
| MSFT Microsoft Corp. | 2.05% | 13,201 | $6.6M | Add +0.5% |
| GLD SPDR Gold Shares | 1.86% | 19,475 | $5.9M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.77% | 19,506 | $5.7M | Add +0.1% |
| XLK SS Technology Select Sector | 1.67% | 21,132 | $5.4M | Add +3.7% |
| AVGO Broadcom Inc. | 1.56% | 18,108 | $5.0M | Reduce -13.6% |
| WMT Walmart Inc. | 1.49% | 48,654 | $4.8M | Reduce -2.0% |
| V Visa Inc. Class A | 1.33% | 11,940 | $4.2M | Reduce -0.4% |
| XLF SS Financial Select Sector | 1.29% | 78,680 | $4.1M | Reduce -0.5% |
| XLP SS Consumer Staples Sel Sect | 1.29% | 50,806 | $4.1M | Reduce -0.1% |
| ORCL Oracle Corp. | 1.24% | 18,145 | $4.0M | Add +1.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.20% | 48,365 | $3.8M | Add +9.9% |
| XLC SS Comm Select Sector SPDR | 1.17% | 34,345 | $3.7M | Add +2.9% |
| GOOGL Alphabet Inc. Class A | 1.14% | 20,677 | $3.6M | Add +0.8% |
| IEF iShares 7-10 Year Treasury B | 1.13% | 37,842 | $3.6M | Add +10.7% |
| CVX Chevron Corp. | 1.11% | 24,719 | $3.5M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 1.09% | 15,914 | $3.5M | Add +1.3% |
| RTX RTX Corp. | 1.09% | 23,800 | $3.5M | Add +0.7% |
| ABBV Abbvie Inc. | 1.08% | 18,653 | $3.5M | Reduce -3.1% |
| XLI SS Industrial Select Sector | 1.05% | 22,836 | $3.4M | Reduce -4.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.05% | 41,166 | $3.4M | Add +0.8% |
| JNJ Johnson & Johnson | 1.05% | 21,994 | $3.4M | Reduce -0.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.05% | 35,210 | $3.4M | Add +150.3% |
| QCOM Qualcomm Inc. | 1.04% | 20,980 | $3.3M | Reduce -3.2% |
| AAPL Apple Inc. | 1.04% | 16,249 | $3.3M | Reduce -2.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.97% | 59,458 | $3.1M | Add +153.0% |
| DKS Dick's Sporting Goods Inc. | 0.95% | 15,416 | $3.0M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.93% | 10,112 | $3.0M | Add +14.0% |
| XLRE SS Real Estate Select Sector | 0.92% | 70,905 | $2.9M | Reduce -1.3% |
| TRV The Travelers Cos Inc. | 0.87% | 10,431 | $2.8M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 0.84% | 2,717 | $2.7M | Add +2.6% |
| GS Goldman Sachs Group Inc. | 0.83% | 3,743 | $2.6M | Add +14.7% |
| XLE SS Energy Select Sector | 0.80% | 30,317 | $2.6M | Reduce -2.0% |
| XLV SS Health Care Select Sector | 0.80% | 19,003 | $2.6M | Add +4.0% |
| ETN Eaton Corp. PLC | 0.79% | 7,061 | $2.5M | Reduce -6.2% |
| JEPI JPMorgan Equity Premium Inco | 0.78% | 44,118 | $2.5M | Add +23.2% |
| ICE Intercontinental Exchange Inc. | 0.77% | 13,446 | $2.5M | Add +2.3% |
| XLY SS Consumer Disc Select Sect | 0.76% | 11,120 | $2.4M | Reduce -1.9% |
| SO The Southern Co. | 0.74% | 25,863 | $2.4M | Add +3.1% |
| MET Metlife Inc. | 0.73% | 29,066 | $2.3M | Add +1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 3,346 | $2.1M | Add +24.6% |
| FLOT iShares Floating Rate Bond E | 0.64% | 40,339 | $2.1M | Add +226.1% |
| DON Wisdomtree US Midcap Dividen | 0.63% | 40,063 | $2.0M | Add +25.1% |
| XLB SS Materials Select Sector | 0.58% | 21,178 | $1.9M | Add +11.9% |
| EFA iShares MSCI Eafe ETF | 0.55% | 19,851 | $1.8M | Add +28.0% |
| PPL PPL Corp. | 0.53% | 49,914 | $1.7M | Reduce -4.4% |
| NUE Nucor Corp. | 0.53% | 12,995 | $1.7M | Add +3.1% |
| IWP iShares Russell Mid-Cap Grow | 0.51% | 11,788 | $1.6M | Add +104.9% |
| PG The Procter & Gamble Co. | 0.51% | 10,164 | $1.6M | Reduce -2.3% |
| JCI Johnson Controls Internation | 0.50% | 14,988 | $1.6M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.47% | 13,995 | $1.5M | Add +56.0% |
| BLK BlackRock Inc. | 0.44% | 1,331 | $1.4M | Reduce -3.8% |
| XTL SS SPDR S&P Telecom ETF | 0.40% | 10,994 | $1.3M | Reduce -4.4% |
| PEG Public Service Enterprise GP | 0.38% | 14,331 | $1.2M | Reduce -2.0% |
| APD Air Products & Chemicals Inc. | 0.36% | 4,035 | $1.1M | Reduce -3.3% |
| DGS Wisdomtree Em Small Cap | 0.34% | 19,582 | $1.1M | Add +27.7% |
| NEE Nextera Energy Inc. | 0.33% | 15,122 | $1.1M | Add +1.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.30% | 8,698 | $974K | Add +103.8% |
| VLO Valero Energy Corp. | 0.29% | 7,011 | $942K | Reduce -10.6% |
| AMAT Applied Materials Inc. | 0.26% | 4,555 | $834K | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.25% | 11,228 | $794K | Reduce -3.5% |
| PEP Pepsico Inc. | 0.24% | 5,800 | $766K | Reduce -28.6% |
| IWF iShares Russell 1000 Growth | 0.22% | 1,621 | $688K | No change |
| MDT Medtronic PLC | 0.19% | 6,897 | $601K | Add +15.6% |
| META Meta Platforms Inc. Class A | 0.17% | 737 | $544K | Reduce -3.0% |
| ABT Abbott Laboratories | 0.17% | 3,932 | $535K | Reduce -10.3% |
| PM Philip Morris International | 0.15% | 2,700 | $492K | Reduce -10.6% |
| CEG Constellation Energy | 0.15% | 1,500 | $484K | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.15% | 6,006 | $484K | Add +280.9% |
| WM Waste Management Inc. | 0.14% | 1,968 | $450K | Reduce -1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.14% | 1,548 | $433K | Add +26.1% |
| IWR iShares Russell Mid-Cap ETF | 0.14% | 4,696 | $432K | No change |
| MRK Merck & Co. Inc. | 0.13% | 5,120 | $405K | Reduce -1.0% |
| HD Home Depot Inc. | 0.11% | 993 | $364K | Reduce -9.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.11% | 3,965 | $361K | Reduce -1.6% |
| ELV Elevance Health Inc. | 0.11% | 923 | $359K | Reduce -8.4% |
| NSC Norfolk Southern Corp. | 0.11% | 1,350 | $346K | No change |
| LOW Lowe's Cos Inc. | 0.11% | 1,544 | $343K | No change |
| PSX Phillips 66 | 0.10% | 2,714 | $324K | Reduce -6.1% |
| IWD iShares Russell 1000 Value E | 0.10% | 1,664 | $323K | No change |
| AMD Advanced Micro Devices | 0.10% | 2,172 | $308K | Add +698.5% |
| LLY Eli Lilly & Co. | 0.09% | 385 | $300K | Reduce -0.8% |
| KMB Kimberly-Clark Corp. | 0.09% | 2,192 | $283K | No change |
| LMT Lockheed Martin Corp. | 0.09% | 609 | $282K | Reduce -1.3% |
| MPC Marathon Petroleum Corp. | 0.09% | 1,692 | $281K | No change |
| QRVO Qorvo Inc. | 0.09% | 3,247 | $276K | Reduce -3.0% |
| DLR Digital Realty Trust Inc. | 0.08% | 1,550 | $270K | No change |
| PRU Prudential Financial Inc. | 0.08% | 2,505 | $269K | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.08% | 415 | $258K | Reduce -1.9% |
Portfolio Sells Q1 2025 → Q2 2025
| FRAF Franklin Financial Services | Reduce -96.8% | 0.01% | −0.42 |
| CVX Chevron Corp. | Reduce -0.7% | 1.11% | −0.37 |
| ABBV Abbvie Inc. | Reduce -3.1% | 1.08% | −0.35 |
| AAPL Apple Inc. | Reduce -2.2% | 1.04% | −0.26 |
| JNJ Johnson & Johnson | Reduce -0.6% | 1.05% | −0.25 |
| XLE SS Energy Select Sector | Reduce -2.0% | 0.80% | −0.22 |
| PEP Pepsico Inc. | Reduce -28.6% | 0.24% | −0.19 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.1% | 1.29% | −0.18 |
| CVS CVS Health Corp. | Reduce -95.3% | 0.01% | −0.17 |
| V Visa Inc. Class A | Reduce -0.4% | 1.33% | −0.16 |
| XLRE SS Real Estate Select Sector | Reduce -1.3% | 0.92% | −0.15 |
| PPL PPL Corp. | Reduce -4.4% | 0.53% | −0.14 |
| QCOM Qualcomm Inc. | Reduce -3.2% | 1.04% | −0.13 |
| PG The Procter & Gamble Co. | Reduce -2.3% | 0.51% | −0.12 |
| TRV The Travelers Cos Inc. | Reduce -1.1% | 0.87% | −0.12 |
| XLF SS Financial Select Sector | Reduce -0.5% | 1.29% | −0.11 |
| GIS General Mills Inc. | Reduce -61.3% | 0.04% | −0.09 |
| APD Air Products & Chemicals Inc. | Reduce -3.3% | 0.36% | −0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -49.4% | 0.06% | −0.07 |
| VLO Valero Energy Corp. | Reduce -10.6% | 0.29% | −0.07 |
| XLI SS Industrial Select Sector | Reduce -4.8% | 1.05% | −0.06 |
| WMT Walmart Inc. | Reduce -2.0% | 1.49% | −0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| GOVT iShares US Treasury Bond ETF | Sold out | 0.00% | −0.05 |
| CCI Crown Castle Inc. | Reduce -61.3% | 0.03% | −0.05 |
| PEG Public Service Enterprise GP | Reduce -2.0% | 0.38% | −0.05 |
| KO The Coca-Cola Co. | Reduce -3.5% | 0.25% | −0.05 |
| ELV Elevance Health Inc. | Reduce -8.4% | 0.11% | −0.04 |
| ABT Abbott Laboratories | Reduce -10.3% | 0.17% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -1.0% | 0.13% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -20.4% | 0.03% | −0.04 |
| XLY SS Consumer Disc Select Sect | Reduce -1.9% | 0.76% | −0.04 |
| FMC FMC Corp. | Reduce -72.1% | 0.01% | −0.03 |
| STLD Steel Dynamics Inc. | Reduce -29.3% | 0.06% | −0.03 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.03 |
| HD Home Depot Inc. | Reduce -9.2% | 0.11% | −0.03 |
| AMGN Amgen Inc. | Reduce -28.4% | 0.04% | −0.03 |
| NOC Northrop Grumman Corp. | Reduce -20.3% | 0.06% | −0.03 |
| BLK BlackRock Inc. | Reduce -3.8% | 0.44% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -20.4% | 0.05% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -39.3% | 0.04% | −0.03 |
| PSX Phillips 66 | Reduce -6.1% | 0.10% | −0.03 |
| WM Waste Management Inc. | Reduce -1.1% | 0.14% | −0.02 |
| COP Conocophillips | Reduce -1.9% | 0.06% | −0.02 |
| ACN Accenture PLC Class A | Reduce -16.8% | 0.05% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 0.09% | −0.02 |
| DUK Duke Energy Corp. | Reduce -4.4% | 0.08% | −0.02 |
| GLW Corning Inc. | Reduce -54.5% | 0.02% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -44.3% | 0.01% | −0.02 |
| PM Philip Morris International | Reduce -10.6% | 0.15% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| SPYG SS SPDR P S&P 500 Growth ETF | Add +150.3% | 1.05% | +0.65 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +153.0% | 0.97% | +0.55 |
| BIV Vanguard Intermediate-Term B | Add +17.3% | 10.12% | +0.45 |
| FLOT iShares Floating Rate Bond E | Add +226.1% | 0.64% | +0.42 |
| ORCL Oracle Corp. | Add +1.4% | 1.24% | +0.35 |
| TLT iShares 20+ Year Treasury BD | Add +25.6% | 4.81% | +0.34 |
| MSFT Microsoft Corp. | Add +0.5% | 2.05% | +0.31 |
| IWP iShares Russell Mid-Cap Grow | Add +104.9% | 0.51% | +0.27 |
| GS Goldman Sachs Group Inc. | Add +14.7% | 0.83% | +0.20 |
| XLK SS Technology Select Sector | Add +3.7% | 1.67% | +0.18 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +10.4% | 2.49% | +0.17 |
| EFG iShares MSCI Eafe Growth ETF | Add +103.8% | 0.30% | +0.15 |
| IBM Intl Business Machines Corp. | Add +14.0% | 0.93% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +24.6% | 0.65% | +0.11 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +280.9% | 0.15% | +0.11 |
| EFA iShares MSCI Eafe ETF | Add +28.0% | 0.55% | +0.11 |
| XOM Exxon Mobil Corp. | Add +56.0% | 0.47% | +0.09 |
| AMD Advanced Micro Devices | Add +698.5% | 0.10% | +0.09 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +1.0% | 2.29% | +0.08 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +11.4% | 2.63% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 1.77% | +0.08 |
| DGS Wisdomtree Em Small Cap | Add +27.7% | 0.34% | +0.08 |
| DON Wisdomtree US Midcap Dividen | Add +25.1% | 0.63% | +0.07 |
| JEPI JPMorgan Equity Premium Inco | Add +23.2% | 0.78% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +266.7% | 0.05% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.3% | 1.09% | +0.03 |
| EFV iShares MSCI Eafe Value ETF | Add +6.3% | 2.52% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +758.2% | 0.03% | +0.03 |
| XLC SS Comm Select Sector SPDR | Add +2.9% | 1.17% | +0.03 |
| DLN Wisdomtree US Largecap Divid | Add +122.7% | 0.05% | +0.03 |
| IVW iShares S&P 500 Growth ETF | New | 0.02% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +169.9% | 0.04% | +0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +11.5% | 2.58% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +26.1% | 0.14% | +0.02 |
| EQIX Equinix Inc. | Add +188.5% | 0.04% | +0.02 |
| IVE iShares S&P 500 Value ETF | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +496.0% | 0.03% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.02% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 1.14% | +0.02 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.02% | +0.02 |
| ORLY O'reilly Automotive Inc. | Add +1011.1% | 0.01% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +31.4% | 0.08% | +0.01 |
| VPU Vanguard Utilities ETF | New | 0.01% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +223.4% | 0.02% | +0.01 |
| XLB SS Materials Select Sector | Add +11.9% | 0.58% | +0.01 |
| EEM iShares MSCI Emerging Market | New | 0.00% | +0.00 |
| IJK iShares S&P Mid-Cap 400 Grow | New | 0.00% | +0.00 |
| IJJ iShares S&P Mid-Cap 400 Valu | New | 0.00% | +0.00 |
| IJT iShares S&P Small-Cap 600 GR | 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 |