Farmers & Merchants Trust Co of Chambersburg PA
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Farmers & Merchants Trust Co of Chambersburg PA reported 333 stock positions worth $354.0 million. Its top holding was Vanguard Intermediate-Term B (BIV) at 9.9% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 5.0%) and iShares MSCI Eafe Value ETF (EFV, 2.7%). Compared with Q2 2025, it opened 10 new positions, sold out of 16, added to 54 and reduced 50. The biggest buy was Franklin Financial Services (FRAF, shares +2374%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- CHAMBERSBURG, PA
- CIK
- 0001697375
- Portfolio Value
- $354.0M (Q3 2025)
- SEC Filing
- 0001697375-25-000009 ↗ filed Oct 27, 2025
Holdings Value
Holdings 333 stocks · $354.0M
| BIV Vanguard Intermediate-Term B | 9.93% | 450,129 | $35.2M | Add +7.6% |
| TLT iShares 20+ Year Treasury BD | 5.01% | 198,553 | $17.7M | Add +13.9% |
| EFV iShares MSCI Eafe Value ETF | 2.70% | 140,824 | $9.6M | Add +10.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.66% | 45,053 | $9.4M | Add +4.4% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.62% | 53,091 | $9.3M | Add +6.0% |
| FENI Fidelity Enhanced Intl ETF | 2.62% | 262,392 | $9.3M | Add +1.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 2.55% | 30,278 | $9.0M | Add +5.2% |
| NVDA Nvidia Corp. | 2.31% | 43,890 | $8.2M | Reduce -4.2% |
| VCIT Vanguard Int-Term Corporate | 2.31% | 97,184 | $8.2M | Add +6.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.23% | 85,943 | $7.9M | Add +6.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.18% | 26,294 | $7.7M | Add +2.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.17% | 299,375 | $7.7M | Add +6.6% |
| GLD SPDR Gold Shares | 2.00% | 19,914 | $7.1M | Add +2.3% |
| MSFT Microsoft Corp. | 1.90% | 12,990 | $6.7M | Reduce -1.6% |
| XLK SS Technology Select Sector | 1.72% | 21,538 | $6.1M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 1.68% | 18,855 | $5.9M | Reduce -3.3% |
| AVGO Broadcom Inc. | 1.63% | 17,458 | $5.8M | Reduce -3.6% |
| WMT Walmart Inc. | 1.49% | 51,013 | $5.3M | Add +4.8% |
| ORCL Oracle Corp. | 1.40% | 17,619 | $5.0M | Reduce -2.9% |
| GOOGL Alphabet Inc. Class A | 1.36% | 19,746 | $4.8M | Reduce -4.5% |
| ABBV Abbvie Inc. | 1.27% | 19,443 | $4.5M | Add +4.2% |
| XLP SS Consumer Staples Sel Sect | 1.25% | 56,570 | $4.4M | Add +11.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.24% | 41,894 | $4.4M | Add +19.0% |
| AAPL Apple Inc. | 1.23% | 17,138 | $4.4M | Add +5.5% |
| XLF SS Financial Select Sector | 1.21% | 79,722 | $4.3M | Add +1.3% |
| XLC SS Comm Select Sector SPDR | 1.21% | 36,162 | $4.3M | Add +5.3% |
| V Visa Inc. Class A | 1.20% | 12,467 | $4.3M | Add +4.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 1.19% | 76,148 | $4.2M | Add +28.1% |
| JNJ Johnson & Johnson | 1.16% | 22,115 | $4.1M | Add +0.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.16% | 51,185 | $4.1M | Add +5.8% |
| CVX Chevron Corp. | 1.11% | 25,229 | $3.9M | Add +2.1% |
| IEF iShares 7-10 Year Treasury B | 1.10% | 40,240 | $3.9M | Add +6.3% |
| RTX RTX Corp. | 1.08% | 22,903 | $3.8M | Reduce -3.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.02% | 41,398 | $3.6M | Add +0.6% |
| QCOM Qualcomm Inc. | 1.01% | 21,565 | $3.6M | Add +2.8% |
| DKS Dick's Sporting Goods Inc. | 1.01% | 16,058 | $3.6M | Add +4.2% |
| AMZN Amazon.com Inc. | 1.00% | 16,052 | $3.5M | Add +0.9% |
| XLI SS Industrial Select Sector | 0.96% | 22,147 | $3.4M | Reduce -3.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.94% | 11,825 | $3.3M | Add +16.9% |
| XLRE SS Real Estate Select Sector | 0.91% | 76,151 | $3.2M | Add +7.4% |
| GS Goldman Sachs Group Inc. | 0.86% | 3,815 | $3.0M | Add +1.9% |
| XLV SS Health Care Select Sector | 0.86% | 21,768 | $3.0M | Add +14.6% |
| TRV The Travelers Cos Inc. | 0.85% | 10,730 | $3.0M | Add +2.9% |
| COST Costco Wholesale Corp. | 0.79% | 3,015 | $2.8M | Add +11.0% |
| XLE SS Energy Select Sector | 0.79% | 31,196 | $2.8M | Add +2.9% |
| FLOT iShares Floating Rate Bond E | 0.77% | 53,600 | $2.7M | Add +32.9% |
| SO The Southern Co. | 0.77% | 28,793 | $2.7M | Add +11.3% |
| MET Metlife Inc. | 0.75% | 32,213 | $2.7M | Add +10.8% |
| XLY SS Consumer Disc Select Sect | 0.74% | 10,912 | $2.6M | Reduce -1.9% |
| JEPI JPMorgan Equity Premium Inco | 0.72% | 44,870 | $2.6M | Add +1.7% |
| ETN Eaton Corp. PLC | 0.72% | 6,842 | $2.6M | Reduce -3.1% |
| ICE Intercontinental Exchange Inc. | 0.68% | 14,374 | $2.4M | Add +6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.62% | 3,290 | $2.2M | Reduce -1.7% |
| DON Wisdomtree US Midcap Dividen | 0.57% | 38,664 | $2.0M | Reduce -3.5% |
| XLB SS Materials Select Sector | 0.57% | 22,493 | $2.0M | Add +6.2% |
| IWP iShares Russell Mid-Cap Grow | 0.54% | 13,316 | $1.9M | Add +13.0% |
| PPL PPL Corp. | 0.52% | 49,609 | $1.8M | Reduce -0.6% |
| NUE Nucor Corp. | 0.47% | 12,358 | $1.7M | Reduce -4.9% |
| EFA iShares MSCI Eafe ETF | 0.47% | 17,723 | $1.7M | Reduce -10.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.47% | 14,508 | $1.7M | Add +66.8% |
| PG The Procter & Gamble Co. | 0.44% | 10,184 | $1.6M | Add +0.2% |
| JCI Johnson Controls Internation | 0.44% | 14,208 | $1.6M | Reduce -5.2% |
| XOM Exxon Mobil Corp. | 0.43% | 13,405 | $1.5M | Reduce -4.2% |
| BLK BlackRock Inc. | 0.42% | 1,284 | $1.5M | Reduce -3.5% |
| XTL SS SPDR S&P Telecom ETF | 0.42% | 10,524 | $1.5M | Reduce -4.3% |
| FRAF Franklin Financial Services | 0.35% | 26,742 | $1.2M | Add +2373.8% |
| PEG Public Service Enterprise GP | 0.33% | 13,823 | $1.2M | Reduce -3.5% |
| NEE Nextera Energy Inc. | 0.32% | 14,829 | $1.1M | Reduce -1.9% |
| VLO Valero Energy Corp. | 0.31% | 6,392 | $1.1M | Reduce -8.8% |
| APD Air Products & Chemicals Inc. | 0.31% | 3,967 | $1.1M | Reduce -1.7% |
| DGS Wisdomtree Em Small Cap | 0.29% | 18,107 | $1.0M | Reduce -7.5% |
| AMAT Applied Materials Inc. | 0.26% | 4,555 | $933K | No change |
| IWF iShares Russell 1000 Growth | 0.21% | 1,621 | $759K | No change |
| PEP Pepsico Inc. | 0.21% | 5,295 | $744K | Reduce -8.7% |
| KO The Coca-Cola Co. | 0.20% | 10,800 | $716K | Reduce -3.8% |
| MDT Medtronic PLC | 0.18% | 6,796 | $647K | Reduce -1.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.18% | 7,646 | $621K | Add +27.3% |
| META Meta Platforms Inc. Class A | 0.16% | 765 | $562K | Add +3.8% |
| ABT Abbott Laboratories | 0.15% | 3,932 | $527K | No change |
| CEG Constellation Energy | 0.14% | 1,500 | $494K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.13% | 1,548 | $455K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.13% | 4,696 | $453K | No change |
| PM Philip Morris International | 0.12% | 2,700 | $438K | No change |
| WM Waste Management Inc. | 0.12% | 1,968 | $435K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.12% | 3,965 | $432K | No change |
| MRK Merck & Co. Inc. | 0.12% | 5,120 | $430K | No change |
| AMGN Amgen Inc. | 0.12% | 415 | $415K | No change |
| NSC Norfolk Southern Corp. | 0.11% | 1,350 | $406K | No change |
| HD Home Depot Inc. | 0.11% | 993 | $402K | No change |
| IWD iShares Russell 1000 Value E | 0.10% | 1,664 | $339K | No change |
| PSX Phillips 66 | 0.10% | 2,484 | $338K | Reduce -8.5% |
| MPC Marathon Petroleum Corp. | 0.09% | 1,692 | $326K | No change |
| AMD Advanced Micro Devices | 0.09% | 1,972 | $319K | Reduce -9.2% |
| BABA Alibaba Group Holding-SP ADR | 0.09% | 1,750 | $313K | No change |
| LMT Lockheed Martin Corp. | 0.09% | 609 | $304K | No change |
| QRVO Qorvo Inc. | 0.08% | 3,247 | $296K | No change |
| LLY Eli Lilly & Co. | 0.08% | 385 | $294K | No change |
| ANET Arista Networks Inc. | 0.08% | 2,000 | $291K | No change |
| LOW Lowe's Cos Inc. | 0.08% | 1,152 | $290K | Reduce -25.4% |
| IVV iShares Core S&P 500 ETF | 0.08% | 415 | $278K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -1.6% | 1.90% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -3.3% | 1.68% | −0.09 |
| XLI SS Industrial Select Sector | Reduce -3.0% | 0.96% | −0.09 |
| EFA iShares MSCI Eafe ETF | Reduce -10.7% | 0.47% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -3.1% | 0.72% | −0.07 |
| DON Wisdomtree US Midcap Dividen | Reduce -3.5% | 0.57% | −0.06 |
| JCI Johnson Controls Internation | Reduce -5.2% | 0.44% | −0.05 |
| NUE Nucor Corp. | Reduce -4.9% | 0.47% | −0.05 |
| PEG Public Service Enterprise GP | Reduce -3.5% | 0.33% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -1.7% | 0.31% | −0.05 |
| DGS Wisdomtree Em Small Cap | Reduce -7.5% | 0.29% | −0.05 |
| KO The Coca-Cola Co. | Reduce -3.8% | 0.20% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -4.2% | 0.43% | −0.05 |
| ELV Elevance Health Inc. | Reduce -10.3% | 0.08% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -38.9% | 0.04% | −0.03 |
| PEP Pepsico Inc. | Reduce -8.7% | 0.21% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.62% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -88.3% | 0.00% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -25.4% | 0.08% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -17.8% | 0.03% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -83.2% | 0.00% | −0.02 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -1.9% | 0.74% | −0.02 |
| ORRF Orrstown Finl Services Inc. | Reduce -20.5% | 0.06% | −0.02 |
| BLK BlackRock Inc. | Reduce -3.5% | 0.42% | −0.01 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -1.9% | 0.32% | −0.01 |
| SWKS Skyworks Solutions Inc. | Reduce -25.0% | 0.03% | −0.01 |
| UPS United Parcel Service Class B | Reduce -1.9% | 0.03% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -69.1% | 0.00% | −0.01 |
| VPU Vanguard Utilities ETF | Sold out | 0.00% | −0.01 |
| CCI Crown Castle Inc. | Reduce -26.5% | 0.02% | −0.01 |
| GIS General Mills Inc. | Reduce -12.1% | 0.03% | −0.01 |
| PPL PPL Corp. | Reduce -0.6% | 0.52% | −0.01 |
| DRI Darden Restaurants Inc. | Reduce -12.3% | 0.02% | −0.01 |
| POWW Outdoor Holding Co. | Sold out | 0.00% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -7.5% | 0.07% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -19.7% | 0.05% | −0.01 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -60.1% | 0.00% | −0.01 |
| AMD Advanced Micro Devices | Reduce -9.2% | 0.09% | −0.01 |
| PSX Phillips 66 | Reduce -8.5% | 0.10% | −0.01 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.01 |
| MDT Medtronic PLC | Reduce -1.5% | 0.18% | −0.01 |
| FMC FMC Corp. | Reduce -23.3% | 0.01% | −0.01 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.00 |
| RTX RTX Corp. | Reduce -3.8% | 1.08% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| FRAF Franklin Financial Services | Add +2373.8% | 0.35% | +0.34 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +28.1% | 1.19% | +0.22 |
| TLT iShares 20+ Year Treasury BD | Add +13.9% | 5.01% | +0.20 |
| AAPL Apple Inc. | Add +5.5% | 1.23% | +0.19 |
| ABBV Abbvie Inc. | Add +4.2% | 1.27% | +0.19 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +19.0% | 1.24% | +0.19 |
| EFV iShares MSCI Eafe Value ETF | Add +10.8% | 2.70% | +0.17 |
| EFG iShares MSCI Eafe Growth ETF | Add +66.8% | 0.47% | +0.16 |
| GLD SPDR Gold Shares | Add +2.3% | 2.00% | +0.14 |
| FLOT iShares Floating Rate Bond E | Add +32.9% | 0.77% | +0.13 |
| JNJ Johnson & Johnson | Add +0.6% | 1.16% | +0.11 |
| XLV SS Health Care Select Sector | Add +14.6% | 0.86% | +0.05 |
| DKS Dick's Sporting Goods Inc. | Add +4.2% | 1.01% | +0.05 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +5.2% | 2.55% | +0.05 |
| XLC SS Comm Select Sector SPDR | Add +5.3% | 1.21% | +0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +6.0% | 2.62% | +0.04 |
| XLK SS Technology Select Sector | Add +1.9% | 1.72% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +1.9% | 0.86% | +0.03 |
| SO The Southern Co. | Add +11.3% | 0.77% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +4.4% | 2.66% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Add +13.0% | 0.54% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +27.3% | 0.18% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +11.5% | 0.07% | +0.02 |
| MET Metlife Inc. | Add +10.8% | 0.75% | +0.02 |
| INTC Intel Corp. | Add +627.5% | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | Add +16.9% | 0.94% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +14.2% | 0.05% | +0.01 |
| TSLA Tesla Inc. | Add +13.0% | 0.02% | +0.00 |
| IBIT iShares Bitcoin Trust ETF | New | 0.00% | +0.00 |
| XRPI XRP ETF | New | 0.00% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | New | 0.00% | +0.00 |
| SOFI Sofi Technologies Inc. | New | 0.00% | +0.00 |
| WLDN Willdan Group Inc. | New | 0.00% | +0.00 |
| KTOS Kratos Defense & Security | New | 0.00% | +0.00 |
| RAL Ralliant Corp. | New | 0.00% | +0.00 |
| TPC Tutor Perini Corp. | New | 0.00% | +0.00 |
| WGS Genedx Holdings Corp. | New | 0.00% | +0.00 |
| FTK Flotek Industries Inc. | New | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +2.1% | 1.11% | −0.00 |
| WMT Walmart Inc. | Add +4.8% | 1.49% | −0.00 |
| VZ Verizon Communications Inc. | Add +2.5% | 0.05% | −0.00 |
| META Meta Platforms Inc. Class A | Add +3.8% | 0.16% | −0.01 |
| XLB SS Materials Select Sector | Add +6.2% | 0.57% | −0.01 |
| XLRE SS Real Estate Select Sector | Add +7.4% | 0.91% | −0.01 |
| XLE SS Energy Select Sector | Add +2.9% | 0.79% | −0.02 |
| TRV The Travelers Cos Inc. | Add +2.9% | 0.85% | −0.03 |
| QCOM Qualcomm Inc. | Add +2.8% | 1.01% | −0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.6% | 1.02% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Add +11.3% | 1.25% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Add +6.3% | 1.10% | −0.04 |
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 |