Farmers & Merchants Trust Co of Chambersburg PA

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Farmers & Merchants Trust Co of Chambersburg PA reported 333 stock positions worth $357.2 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, 2.9%). Compared with Q3 2025, it opened 8 new positions, sold out of 9, added to 24 and reduced 74. The biggest buy was St Sr Utl SL SE SPDR ETF-Usd (XLU, shares +58%) and the biggest sale an exit from Intercontinental Exchange (ICE).

Most Recent 13F
Q2 2026
Location
CHAMBERSBURG, PA
CIK
0001697375
Portfolio Value
$357.2M (Q4 2025)
SEC Filing
0001697375-26-000001 ↗ filed Feb 2, 2026

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 Q3 2025 Q4 2025: $357.2M $357.2M Q4 2025 Q1 2026: $367.5M Q1 2026 Q2 2026: $394.0M Q2 2026

Holdings 333 stocks · $357.2M
BIV Vanguard Intermediate-Term B 9.95% 456,340 $35.5M Add +1.4%
TLT iShares 20+ Year Treasury BD 5.00% 205,050 $17.9M Add +3.3%
EFV iShares MSCI Eafe Value ETF 2.88% 143,955 $10.3M Add +2.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.75% 46,437 $9.8M Add +3.1%
VOE Vngrd Mrngstr MD-Cap Val ETF 2.72% 54,855 $9.7M Add +3.3%
FENI Fidelity Enhanced Intl ETF 2.62% 255,873 $9.4M Reduce -2.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 2.58% 30,498 $9.2M Add +0.7%
NVDA Nvidia Corp. 2.31% 44,173 $8.2M Add +0.6%
VCIT Vanguard Int-Term Corporate 2.25% 96,145 $8.1M Reduce -1.1%
BIL SS SPDR BB 1-3M T-Bill ETF 2.18% 85,234 $7.8M Reduce -0.8%
GLD SPDR Gold Shares 2.16% 19,434 $7.7M Reduce -2.4%
SJNK SS SPDR BB St Hi Yield ETF 2.11% 296,984 $7.5M Reduce -0.8%
VOT Vngrd Mrngstr MC GRW ETF-Usd 2.03% 25,971 $7.3M Reduce -1.2%
MSFT Microsoft Corp. 1.86% 13,750 $6.7M Add +5.8%
XLK SS Technology Select Sector 1.74% 43,265 $6.2M Add +0.4%
GOOGL Alphabet Inc. Class A 1.65% 18,878 $5.9M Reduce -4.4%
JPM JPMorgan Chase & Co. 1.65% 18,285 $5.9M Reduce -3.0%
AVGO Broadcom Inc. 1.59% 16,458 $5.7M Reduce -5.7%
WMT Walmart Inc. 1.57% 50,501 $5.6M Reduce -1.0%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.56% 130,596 $5.6M Add +57.7%
SPYG SS SPDR P S&P 500 Growth ETF 1.52% 50,947 $5.4M Add +21.6%
SPYV SS SPDR P S&P 500 Value ETF 1.48% 93,105 $5.3M Add +22.3%
JNJ Johnson & Johnson 1.27% 21,896 $4.5M Reduce -1.0%
AAPL Apple Inc. 1.24% 16,310 $4.4M Reduce -4.8%
ABBV Abbvie Inc. 1.23% 19,250 $4.4M Reduce -1.0%
XLP SS Consumer Staples Sel Sect 1.23% 56,547 $4.4M Reduce -0.0%
V Visa Inc. Class A 1.21% 12,355 $4.3M Reduce -0.9%
XLF SS Financial Select Sector 1.21% 78,886 $4.3M Reduce -1.1%
XLC SS Comm Select Sector SPDR 1.18% 35,766 $4.2M Reduce -1.1%
RTX RTX Corp. 1.14% 22,287 $4.1M Reduce -2.7%
VCSH Vanguard S/T Corp. Bond ETF 1.14% 50,873 $4.1M Reduce -0.6%
IEF iShares 7-10 Year Treasury B 1.08% 39,960 $3.8M Reduce -0.7%
CVX Chevron Corp. 1.06% 24,770 $3.8M Reduce -1.8%
QCOM Qualcomm Inc. 1.02% 21,267 $3.6M Reduce -1.4%
AMZN Amazon.com Inc. 1.02% 15,732 $3.6M Reduce -2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.99% 11,889 $3.5M Add +0.5%
GS Goldman Sachs Group Inc. 0.97% 3,939 $3.5M Add +3.3%
XLI SS Industrial Select Sector 0.96% 22,081 $3.4M Reduce -0.3%
ORCL Oracle Corp. 0.95% 17,417 $3.4M Reduce -1.1%
XLV SS Health Care Select Sector 0.94% 21,768 $3.4M No change
FLOT iShares Floating Rate Bond E 0.91% 64,123 $3.3M Add +19.6%
DKS Dick's Sporting Goods Inc. 0.88% 15,895 $3.1M Reduce -1.0%
XLRE SS Real Estate Select Sector 0.85% 75,302 $3.0M Reduce -1.1%
TRV The Travelers Cos Inc. 0.85% 10,436 $3.0M Reduce -2.7%
XLE SS Energy Select Sector 0.77% 61,587 $2.8M Reduce -1.3%
XLY SS Consumer Disc Select Sect 0.73% 21,893 $2.6M Add +0.3%
COST Costco Wholesale Corp. 0.72% 2,998 $2.6M Reduce -0.6%
JEPI JPMorgan Equity Premium Inco 0.72% 44,770 $2.6M Reduce -0.2%
SO The Southern Co. 0.69% 28,332 $2.5M Reduce -1.6%
MET Metlife Inc. 0.66% 29,950 $2.4M Reduce -7.0%
IWP iShares Russell Mid-Cap Grow 0.62% 16,244 $2.2M Add +22.0%
ETN Eaton Corp. PLC 0.61% 6,842 $2.2M No change
EFG iShares MSCI Eafe Growth ETF 0.57% 17,947 $2.0M Add +23.7%
XLB SS Materials Select Sector 0.57% 45,004 $2.0M No change
NUE Nucor Corp. 0.56% 12,253 $2.0M Reduce -0.8%
DON Wisdomtree US Midcap Dividen 0.55% 38,406 $2.0M Reduce -0.7%
XOM Exxon Mobil Corp. 0.49% 14,630 $1.8M Add +9.1%
PPL PPL Corp. 0.49% 49,609 $1.7M No change
JCI Johnson Controls Internation 0.47% 14,080 $1.7M Reduce -0.9%
EFA iShares MSCI Eafe ETF 0.47% 17,373 $1.7M Reduce -2.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.47% 2,437 $1.7M Reduce -25.9%
XTL SS SPDR S&P Telecom ETF 0.45% 10,524 $1.6M No change
PG The Procter & Gamble Co. 0.40% 9,920 $1.4M Reduce -2.6%
BLK BlackRock Inc. 0.39% 1,310 $1.4M Add +2.0%
NEE Nextera Energy Inc. 0.33% 14,829 $1.2M No change
AMAT Applied Materials Inc. 0.33% 4,540 $1.2M Reduce -0.3%
PEG Public Service Enterprise GP 0.31% 13,823 $1.1M No change
DGS Wisdomtree Em Small Cap 0.29% 18,107 $1.0M No change
VLO Valero Energy Corp. 0.29% 6,333 $1.0M Reduce -0.9%
FRAF Franklin Financial Services 0.28% 19,713 $990K Reduce -26.3%
APD Air Products & Chemicals Inc. 0.25% 3,623 $895K Reduce -8.7%
IWF iShares Russell 1000 Growth 0.21% 1,621 $767K No change
KO The Coca-Cola Co. 0.21% 10,800 $755K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.21% 9,179 $740K Add +20.1%
MDT Medtronic PLC 0.19% 7,028 $675K Add +3.4%
PEP Pepsico Inc. 0.16% 3,910 $561K Reduce -26.2%
CEG Constellation Energy 0.15% 1,500 $530K No change
META Meta Platforms Inc. Class A 0.14% 765 $505K No change
ABT Abbott Laboratories 0.14% 3,932 $493K No change
MRK Merck & Co. Inc. 0.14% 4,600 $484K Reduce -10.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.13% 3,965 $460K No change
IWR iShares Russell Mid-Cap ETF 0.13% 4,696 $452K No change
WM Waste Management Inc. 0.12% 1,968 $432K No change
AMD Advanced Micro Devices 0.12% 1,922 $412K Reduce -2.5%
NSC Norfolk Southern Corp. 0.11% 1,350 $390K No change
PM Philip Morris International 0.11% 2,365 $379K Reduce -12.4%
LLY Eli Lilly & Co. 0.10% 338 $363K Reduce -12.2%
IWD iShares Russell 1000 Value E 0.10% 1,664 $350K No change
GOOG Alphabet Inc. Class C 0.09% 1,047 $329K No change
HD Home Depot Inc. 0.09% 886 $305K Reduce -10.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 1,048 $304K Reduce -32.3%
PSX Phillips 66 0.08% 2,314 $299K Reduce -6.8%
LMT Lockheed Martin Corp. 0.08% 609 $295K No change
IVV iShares Core S&P 500 ETF 0.08% 415 $284K No change
PRU Prudential Financial Inc. 0.08% 2,505 $283K No change
LOW Lowe's Cos Inc. 0.08% 1,152 $278K No change
QRVO Qorvo Inc. 0.08% 3,247 $274K No change
MPC Marathon Petroleum Corp. 0.07% 1,617 $263K Reduce -4.4%
ANET Arista Networks Inc. 0.07% 2,000 $262K No change
STLD Steel Dynamics Inc. 0.07% 1,520 $258K No change

Show all 333 holdings

Portfolio Sells Q3 2025 → Q4 2025
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.68
ORCL Oracle Corp. Reduce -1.1% 0.95% −0.45
SPY SS SPDR S&P 500 ETF Trust-US Reduce -25.9% 0.47% −0.15
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -1.2% 2.03% −0.15
DKS Dick's Sporting Goods Inc. Reduce -1.0% 0.88% −0.13
MET Metlife Inc. Reduce -7.0% 0.66% −0.09
SO The Southern Co. Reduce -1.6% 0.69% −0.08
FRAF Franklin Financial Services Reduce -26.3% 0.28% −0.07
COST Costco Wholesale Corp. Reduce -0.6% 0.72% −0.06
SJNK SS SPDR BB St Hi Yield ETF Reduce -0.8% 2.11% −0.06
XLRE SS Real Estate Select Sector Reduce -1.1% 0.85% −0.06
VCIT Vanguard Int-Term Corporate Reduce -1.1% 2.25% −0.06
APD Air Products & Chemicals Inc. Reduce -8.7% 0.25% −0.06
PEP Pepsico Inc. Reduce -26.2% 0.16% −0.05
CVX Chevron Corp. Reduce -1.8% 1.06% −0.05
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -0.8% 2.18% −0.05
PG The Procter & Gamble Co. Reduce -2.6% 0.40% −0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -32.3% 0.09% −0.04
ABBV Abbvie Inc. Reduce -1.0% 1.23% −0.04
AVGO Broadcom Inc. Reduce -5.7% 1.59% −0.03
JPM JPMorgan Chase & Co. Reduce -3.0% 1.65% −0.03
XLC SS Comm Select Sector SPDR Reduce -1.1% 1.18% −0.03
VGT Vanguard Info Tech ETF Sold out 0.00% −0.03
HD Home Depot Inc. Reduce -10.8% 0.09% −0.03
VFH Vanguard Financials ETF Reduce -87.9% 0.00% −0.03
VHT Vanguard Health Care ETF Sold out 0.00% −0.02
XLP SS Consumer Staples Sel Sect Reduce -0.0% 1.23% −0.02
NVO Novo-Nordisk A/S-Spons ADR Reduce -56.8% 0.01% −0.02
IEF iShares 7-10 Year Treasury B Reduce -0.7% 1.08% −0.02
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.6% 1.14% −0.02
UNH Unitedhealth Group Inc. Reduce -89.0% 0.00% −0.02
UNP Union Pacific Corp. Reduce -29.8% 0.04% −0.02
NOC Northrop Grumman Corp. Reduce -31.1% 0.03% −0.02
VLO Valero Energy Corp. Reduce -0.9% 0.29% −0.02
MPC Marathon Petroleum Corp. Reduce -4.4% 0.07% −0.02
PM Philip Morris International Reduce -12.4% 0.11% −0.02
XLE SS Energy Select Sector Reduce -1.3% 0.77% −0.02
DON Wisdomtree US Midcap Dividen Reduce -0.7% 0.55% −0.02
WEC WEC Energy Group Inc. Reduce -13.0% 0.06% −0.02
TT Trane Technologies PLC Sold out 0.00% −0.01
IWO iShares Russell 2000 Growth Reduce -31.6% 0.03% −0.01
PSX Phillips 66 Reduce -6.8% 0.08% −0.01
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.01
DLN Wisdomtree US Largecap Divid Reduce -20.4% 0.04% −0.01
ORRF Orrstown Finl Services Inc. Reduce -19.8% 0.05% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -15.9% 0.05% −0.01
CARR Carrier Global Corp. Reduce -1.6% 0.04% −0.01
JEPI JPMorgan Equity Premium Inco Reduce -0.2% 0.72% −0.01
XLI SS Industrial Select Sector Reduce -0.3% 0.96% −0.01
IYZ iShares US Telecommunication Reduce -80.0% 0.00% −0.01

Portfolio Buys Q3 2025 → Q4 2025
XLU St Sr Utl SL SE SPDR ETF-Usd Add +57.7% 1.56% +0.54
SPYV SS SPDR P S&P 500 Value ETF Add +22.3% 1.48% +0.29
SPYG SS SPDR P S&P 500 Growth ETF Add +21.6% 1.52% +0.28
EFV iShares MSCI Eafe Value ETF Add +2.2% 2.88% +0.18
FLOT iShares Floating Rate Bond E Add +19.6% 0.91% +0.14
GS Goldman Sachs Group Inc. Add +3.3% 0.97% +0.11
EFG iShares MSCI Eafe Growth ETF Add +23.7% 0.57% +0.11
VOE Vngrd Mrngstr MD-Cap Val ETF Add +3.3% 2.72% +0.11
VBR Vngrd Mrngst SL-CP Val ETF-U Add +3.1% 2.75% +0.10
IWP iShares Russell Mid-Cap Grow Add +22.0% 0.62% +0.09
XOM Exxon Mobil Corp. Add +9.1% 0.49% +0.07
IBM Intl Business Machines Corp. Add +0.5% 0.99% +0.04
VBK Van Morst SML-Cap Gro-Usd Inc. Add +0.7% 2.58% +0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +20.1% 0.21% +0.03
XLK SS Technology Select Sector Add +0.4% 1.74% +0.03
IJH iShares Core S&P Midcap ETF New 0.02% +0.02
BIV Vanguard Intermediate-Term B Add +1.4% 9.95% +0.02
SLV iShares Silver Trust Add +274.2% 0.01% +0.01
MDT Medtronic PLC Add +3.4% 0.19% +0.01
APLD Applied Digital Corp. New 0.00% +0.00
RRX Regal Rexnord Corp. New 0.00% +0.00
ASML ASML Holding NV-NY Reg SHS Add +75.0% 0.00% +0.00
IBBQ Invesco Nasdaq Biotech ETF New 0.00% +0.00
VYMI Vanguard Int High DVD YLD Inc. New 0.00% +0.00
GRRR Gorilla Technology Group Inc. New 0.00% +0.00
APH Amphenol Corp. Class A New 0.00% +0.00
FNB FNB Corp. New 0.00% +0.00
XLY SS Consumer Disc Select Sect Add +0.3% 0.73% −0.01
NVDA Nvidia Corp. Add +0.6% 2.31% −0.01
TLT iShares 20+ Year Treasury BD Add +3.3% 5.00% −0.01
BLK BlackRock Inc. Add +2.0% 0.39% −0.03
MSFT Microsoft Corp. Add +5.8% 1.86% −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