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

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $243.8M Q1 2024 Q2 2024: $247.7M Q2 2024 Q3 2024: $259.7M Q3 2024 Q4 2024: $264.4M Q4 2024 Q1 2025: $282.4M Q1 2025 Q2 2025: $319.7M Q2 2025 Q3 2025: $354.0M $354.0M Q3 2025 Q4 2025: $357.2M Q4 2025 Q1 2026: $367.5M Q1 2026 Q2 2026: $394.0M Q2 2026

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
KMB Kimberly-Clark Corp. 0.08% 2,192 $273K No change
ELV Elevance Health Inc. 0.08% 828 $268K Reduce -10.3%
DLR Digital Realty Trust Inc. 0.08% 1,550 $268K No change
DUK Duke Energy Corp. 0.08% 2,164 $268K No change
WEC WEC Energy Group Inc. 0.07% 2,300 $264K No change
PRU Prudential Financial Inc. 0.07% 2,505 $260K No change
GOOG Alphabet Inc. Class C 0.07% 1,047 $255K Add +11.5%
ITOT iShares Core S&P Total U.S. 0.07% 1,693 $247K Reduce -7.5%
EXC Exelon Corp. 0.07% 5,196 $234K No change
IJR iShares Core S&P Small-Cap E 0.07% 1,972 $234K No change
AXP American Express Co. 0.06% 688 $229K No change
MO Altria Group Inc. 0.06% 3,250 $215K No change
BBN BlackRock Taxable Muni BND 0.06% 12,882 $214K No change
UNP Union Pacific Corp. 0.06% 905 $214K No change
STLD Steel Dynamics Inc. 0.06% 1,520 $212K No change
SYY Sysco Corp. 0.06% 2,545 $210K No change
COP Conocophillips 0.06% 2,094 $198K No change
ORRF Orrstown Finl Services Inc. 0.06% 5,802 $197K Reduce -20.5%
QQQ Invesco QQQ Trust Series 1 0.05% 314 $189K Add +14.2%
RS Reliance Inc. 0.05% 670 $188K No change
NOC Northrop Grumman Corp. 0.05% 305 $186K Reduce -19.7%
CARR Carrier Global Corp. 0.05% 3,063 $183K No change
VZ Verizon Communications Inc. 0.05% 4,068 $179K Add +2.5%
GLPI Gaming and Leisure Propertie 0.05% 3,752 $175K No change
DLN Wisdomtree US Largecap Divid 0.05% 1,960 $171K No change
CMI Cummins Inc. 0.05% 400 $169K No change
BHP BHP Group Ltd.-Spon ADR 0.05% 3,000 $167K No change
FAST Fastenal Co. 0.05% 3,340 $164K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 1,375 $157K No change
EPD Enterprise Products Partners 0.04% 5,000 $156K No change
IWO iShares Russell 2000 Growth 0.04% 475 $152K No change
AGG iShares Core U.S. Aggregate 0.04% 1,495 $150K Reduce -38.9%
SHOP Shopify Inc. Class A 0.04% 1,000 $149K No change
BMY Bristol-Myers Squibb Co. 0.04% 3,200 $144K No change
MCD McDonald's Corp. 0.04% 470 $143K No change
ALL Allstate Corp. 0.04% 619 $133K No change
OTIS Otis Worldwide Corp. 0.04% 1,431 $131K No change
VEA Vanguard Ftse Developed ETF 0.04% 2,097 $126K No change
NVO Novo-Nordisk A/S-Spons ADR 0.03% 2,209 $123K Reduce -17.8%
ACN Accenture PLC Class A 0.03% 495 $122K No change
CSCO Cisco Systems Inc. 0.03% 1,749 $120K No change
DHR Danaher Corp. 0.03% 589 $117K No change
EQIX Equinix Inc. 0.03% 150 $117K No change
SDY SS SPDR S&P Dividend ETF 0.03% 837 $117K No change
TPR Tapestry Inc. 0.03% 1,000 $113K No change
HSY The Hershey Co. 0.03% 600 $112K No change
GIS General Mills Inc. 0.03% 2,158 $109K Reduce -12.1%
UPS United Parcel Service Class B 0.03% 1,296 $108K Reduce -1.9%
VFH Vanguard Financials ETF 0.03% 825 $108K No change
DE Deere & Co. 0.03% 233 $107K No change
VGT Vanguard Info Tech ETF 0.03% 140 $105K No change
MDLZ Mondelez International Inc. Class A 0.03% 1,650 $103K No change
INTU Intuit Inc. 0.03% 150 $102K No change
WFC Wells Fargo & Co. 0.03% 1,210 $101K No change
SUN Sunoco LP 0.03% 2,000 $100K No change
XEL Xcel Energy Inc. 0.03% 1,225 $99K No change
SWKS Skyworks Solutions Inc. 0.03% 1,277 $98K Reduce -25.0%
BRK.B Berkshire Hathaway Inc. Class B 0.03% 191 $96K No change
GD General Dynamics Corp. 0.03% 280 $95K No change
SPH Suburban Propane Partners LP 0.03% 5,000 $93K No change
MA Mastercard Inc. Class A 0.03% 162 $92K No change
GSK GSK PLC-Spon ADR 0.02% 2,020 $87K No change
VHT Vanguard Health Care ETF 0.02% 325 $84K No change
PBA Pembina Pipeline Corp. 0.02% 2,000 $81K No change
BSV Vanguard Short-Term Bond ETF 0.02% 1,019 $80K No change
PENN Penn Entertainment Inc. 0.02% 4,100 $79K No change
UNH Unitedhealth Group Inc. 0.02% 228 $79K Reduce -16.8%
GLW Corning Inc. 0.02% 925 $76K No change
CL Colgate-Palmolive Co. 0.02% 920 $74K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 266 $74K No change
TMUS T-Mobile US Inc. 0.02% 300 $72K No change
AMP Ameriprise Financial Inc. 0.02% 138 $68K No change
DRI Darden Restaurants Inc. 0.02% 355 $68K Reduce -12.3%
DVY iShares Select Dividend ETF 0.02% 468 $67K No change
PAYX Paychex Inc. 0.02% 500 $63K No change
INTC Intel Corp. 0.02% 1,855 $62K Add +627.5%
LRCX Lam Research Corp. 0.02% 460 $62K No change
PANW Palo Alto Networks Inc. 0.02% 300 $61K No change
XNQPX Nuveen Pa QLTY Muni Inc. 0.02% 5,000 $60K No change
TSLA Tesla Inc. 0.02% 130 $58K Add +13.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 1,100 $57K No change
KMI Kinder Morgan Inc. 0.02% 2,000 $57K No change
CCI Crown Castle Inc. 0.02% 574 $55K Reduce -26.5%
CWB SS SPDR BB Conv Sec ETF 0.02% 604 $55K No change
CSX CSX Corp. 0.01% 1,500 $53K No change
IWB iShares Russell 1000 ETF 0.01% 145 $53K No change
TT Trane Technologies PLC 0.01% 125 $53K No change
ADP Automatic Data Processing 0.01% 175 $51K No change
IWM iShares Russell 2000 ETF 0.01% 209 $51K No change
IWN iShares Russell 2000 Value E 0.01% 276 $49K No change
UBER Uber Technologies Inc. 0.01% 500 $49K No change
VB Vanguard Most SM-Cap ETF-Usd 0.01% 189 $48K Reduce -13.3%
BDX Becton Dickinson and Co. 0.01% 250 $47K No change
CBRE CBRE Group Inc. Class A 0.01% 300 $47K No change
TSN Tyson Foods Inc. Class A 0.01% 800 $43K No change
AWK American Water Works Co. Inc. 0.01% 300 $42K No change
FIZZ National Beverage Corp. 0.01% 1,132 $42K No change
CMCSA Comcast Corp. Class A 0.01% 1,300 $41K No change
MXI iShares Global Materials ETF 0.01% 442 $41K No change
NLY Annaly Capital Management Inc. 0.01% 2,000 $40K No change
SHEL Shell PLC-ADR 0.01% 564 $40K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.01% 196 $39K No change
GSLC Goldman Activebeta US LC ETF 0.01% 281 $37K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 419 $37K No change
TMO Thermo Fisher Scientific Inc. 0.01% 75 $36K No change
JNK SS SPDR BB High Yield Bond 0.01% 360 $35K No change
BND Vanguard Total Bond Market 0.01% 475 $35K No change
KGC Kinross Gold Corp. 0.01% 1,350 $34K No change
TEL Te Connectivity PLC 0.01% 157 $34K No change
BBAX JPMorgan Betabuilders Develo 0.01% 592 $33K No change
MS Morgan Stanley 0.01% 210 $33K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 175 $33K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 940 $32K Reduce -23.6%
BCX BlackRock Resources & Commod 0.01% 3,000 $31K No change
IQLT iShares MSCI International Q 0.01% 648 $29K No change
AZN Astrazeneca PLC-Spons ADR 0.01% 365 $28K No change
FE Firstenergy Corp. 0.01% 601 $28K No change
OMC Omnicom Group 0.01% 343 $28K No change
CB Chubb Ltd. 0.01% 100 $28K No change
TFC Truist Financial Corp. 0.01% 594 $27K No change
CVS CVS Health Corp. 0.01% 350 $26K No change
OLLI Ollie's Bargain Outlet Holdi 0.01% 200 $26K No change
DGRO iShares Core Dividend Growth 0.01% 374 $25K No change
NKE Nike Inc. Class B 0.01% 360 $25K No change
HLN Haleon PLC-ADR 0.01% 2,725 $24K No change
IYZ iShares US Telecommunication 0.01% 750 $24K No change
FLGB Franklin Ftse United Kingdom 0.01% 712 $23K No change
SCHY Schwab International DVD ETF 0.01% 822 $23K No change
TGT Target Corp. 0.01% 260 $23K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.01% 453 $23K No change
BA The Boeing Co. 0.01% 100 $22K No change
FMC FMC Corp. 0.01% 658 $22K Reduce -23.3%
FULT Fulton Financial Corp. 0.01% 1,200 $22K No change
FITB Fifth Third Bancorp 0.01% 475 $21K No change
PPG PPG Industries Inc. 0.01% 200 $21K No change
STT State Street Corp. 0.01% 180 $21K No change
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.01% 51 $20K No change
EVRG Evergy Inc. 0.01% 250 $19K No change
HWM Howmet Aerospace Inc. 0.01% 99 $19K No change
OXY Occidental Petroleum Corp. 0.01% 406 $19K No change
XYL Xylem Inc. 0.01% 121 $18K No change
SBUX Starbucks Corp. 0.00% 200 $17K No change
NVT Nvent Electric PLC 0.00% 170 $17K No change
D Dominion Energy Inc. 0.00% 260 $16K No change
EZU iShares MSCI Eurozone ETF 0.00% 251 $16K No change
NRG NRG Energy Inc. 0.00% 100 $16K No change
TXN Texas Instruments Inc. 0.00% 87 $16K No change
VNQ Vanguard Real Estate ETF 0.00% 175 $16K Reduce -69.1%
C Citigroup Inc. 0.00% 150 $15K No change
DELL Dell Technologies -C 0.00% 103 $15K No change
FTV Fortive Corp. 0.00% 312 $15K No change
VOO Vanguard S&P 500 ETF 0.00% 25 $15K Reduce -83.2%
ADI Analog Devices Inc. 0.00% 57 $14K No change
PNC PNC Financial Services Group 0.00% 71 $14K No change
RWO State Street SPDR Dow Jones 0.00% 298 $14K No change
TSCO Tractor Supply Company 0.00% 250 $14K No change
STZ Constellation Brands Inc. Class A 0.00% 100 $13K No change
FLJP Franklin Ftse Japan ETF 0.00% 369 $13K No change
IBIT iShares Bitcoin Trust ETF 0.00% 193 $13K New
VDE Vanguard Energy ETF 0.00% 100 $13K No change
T AT&T Inc. 0.00% 425 $12K Reduce -60.1%
FLCA Franklin Ftse Canada ETF 0.00% 257 $12K No change
MSI Motorola Solutions Inc. 0.00% 27 $12K No change
VIG Vanguard Dividend Apprec ETF 0.00% 55 $12K Reduce -88.3%
VRT Vertiv Holdings Co. Class A 0.00% 79 $12K No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 123 $12K No change
INFY Infosys Ltd.-SP ADR 0.00% 700 $11K No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 190 $11K No change
XRPI XRP ETF 0.00% 646 $11K New
WMB Williams Cos Inc. 0.00% 173 $11K No change
USHY iShares Broad Usd High Yield 0.00% 269 $10K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.00% 100 $10K No change
RIO Rio Tinto PLC-Spon ADR 0.00% 152 $10K No change
DD Dupont DE Nemours Inc. 0.00% 116 $9K No change
HLT Hilton Worldwide Holdings Inc. 0.00% 34 $9K No change
HON Honeywell International Inc. 0.00% 43 $9K No change
LHX L3HARRIS Technologies Inc. 0.00% 30 $9K No change
PLTR Palantir Technologies Inc. Class A 0.00% 50 $9K New
TM Toyota Motor Corp. -Spon ADR 0.00% 45 $9K No change
AIG American International Group 0.00% 97 $8K No change
CC The Chemours Co. 0.00% 500 $8K Reduce -31.7%
CTVA Corteva Inc. 0.00% 116 $8K No change
SONO Sonos Inc. 0.00% 500 $8K No change
VTWO Vanguard Russell 2000 ETF 0.00% 78 $8K No change
LIN Linde PLC 0.00% 16 $8K No change
ASML ASML Holding NV-NY Reg SHS 0.00% 8 $8K No change
AGX Argan Inc. 0.00% 27 $7K No change
BP BP PLC-Spons ADR 0.00% 213 $7K No change
FSLR First Solar Inc. 0.00% 30 $7K No change
SLV iShares Silver Trust 0.00% 155 $7K No change
PGR Progressive Corp. 0.00% 28 $7K No change
PLD Prologis Inc. 0.00% 61 $7K No change
SSNC Ss&c Technologies Holdings 0.00% 78 $7K No change
SOFI Sofi Technologies Inc. 0.00% 250 $7K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 45 $7K No change
UBSI United Bankshares Inc. 0.00% 186 $7K No change
BKR Baker Hughes Co. 0.00% 120 $6K No change
CVLT Commvault Systems Inc. 0.00% 30 $6K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.00% 58 $6K No change
PFE Pfizer Inc. 0.00% 255 $6K No change
VCTR Victory Capital Holding - A 0.00% 100 $6K No change
VOD Vodafone Group PLC-SP ADR 0.00% 517 $6K No change
WLDN Willdan Group Inc. 0.00% 65 $6K New
CSGP Costar Group Inc. 0.00% 64 $5K No change
KTOS Kratos Defense & Security 0.00% 60 $5K New
RAL Ralliant Corp. 0.00% 103 $5K New
IHY Vaneck Int High Yield Bond 0.00% 240 $5K No change
VST Vistra Corp. 0.00% 25 $5K No change
PNR Pentair PLC 0.00% 44 $5K No change
BCRX Biocryst Pharmaceuticals Inc. 0.00% 500 $4K No change
EWG iShares MSCI Germany ETF 0.00% 100 $4K No change
KLAC KLA Corp. 0.00% 4 $4K No change
VLTO Veralto Corp. 0.00% 34 $4K No change
DRLL Strive US Energy ETF 0.00% 100 $3K No change
CCL Carnival Corp. 0.00% 100 $3K No change
DOW Dow Inc. 0.00% 116 $3K No change
FXI iShares China Large-Cap ETF 0.00% 62 $3K No change
NVS Novartis AG-Sponsored ADR 0.00% 22 $3K No change
TPC Tutor Perini Corp. 0.00% 40 $3K New
PATH Uipath Inc. Class A 0.00% 192 $3K No change
WBD Warner Bros Discovery Inc. 0.00% 162 $3K No change
AEP American Electric Power 0.00% 15 $2K No change
JG Aurora Mobile Ltd.-ADR 0.00% 200 $2K No change
BRC INC-A 0.00% 1,000 $2K No change
DLTR Dollar Tree Inc. 0.00% 19 $2K No change
NIO Nio Inc. - ADR 0.00% 200 $2K No change
COWZ Pacer US Cash Cows 100 ETF 0.00% 35 $2K No change
WGS Genedx Holdings Corp. 0.00% 20 $2K New
TTE Totalenergies SE -Spon ADR 0.00% 36 $2K No change
VNT Vontier Corp. 0.00% 43 $2K No change
FTK Flotek Industries Inc. 0.00% 100 $1K New
VFC VF Corp. 0.00% 100 $1K No change
WH Wyndham Hotels & Resorts Inc. 0.00% 8 $1K 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 358$394.0MBIV, TLT, VBK, VBR, EFV
Q1 2026Amended 335$367.5MBIV, TLT, VBR, VBK, EFV
Q4 2025 333$357.2MBIV, TLT, EFV, VBR, VOE
Q3 2025 333$354.0MBIV, TLT, EFV, VBR, VOE
Q2 2025 339$319.7MBIV, TLT, FENI, VBR, VOE
Q1 2025 405$282.4MBIV, TLT, FENI, VBR, VOE
Q4 2024 385$264.4MBIV, TLT, VBR, FENI, VBK
Q3 2024 378$259.7MBIV, TLT, FENI, NVDA, VOE
Q2 2024 388$247.7MBIV, NVDA, TLT, FENI, MSFT
Q1 2024 432$243.8MBIV, TLT, FENI, MSFT, VOE