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
BABA Alibaba Group Holding-SP ADR 0.07% 1,750 $257K No change
AXP American Express Co. 0.07% 688 $255K No change
ELV Elevance Health Inc. 0.07% 725 $254K Reduce -12.4%
DUK Duke Energy Corp. 0.07% 2,164 $254K No change
ITOT iShares Core S&P Total U.S. 0.07% 1,693 $252K No change
DLR Digital Realty Trust Inc. 0.07% 1,550 $240K No change
IJR iShares Core S&P Small-Cap E 0.07% 1,972 $237K No change
EXC Exelon Corp. 0.06% 5,196 $226K No change
KMB Kimberly-Clark Corp. 0.06% 2,192 $221K No change
WEC WEC Energy Group Inc. 0.06% 2,000 $211K Reduce -13.0%
BBN BlackRock Taxable Muni BND 0.06% 12,882 $210K No change
CMI Cummins Inc. 0.06% 400 $204K No change
COP Conocophillips 0.05% 2,094 $196K No change
RS Reliance Inc. 0.05% 670 $194K No change
SYY Sysco Corp. 0.05% 2,545 $188K No change
MO Altria Group Inc. 0.05% 3,250 $187K No change
BHP BHP Group Ltd.-Spon ADR 0.05% 3,000 $181K No change
BMY Bristol-Myers Squibb Co. 0.05% 3,200 $173K No change
GLPI Gaming and Leisure Propertie 0.05% 3,752 $168K No change
VZ Verizon Communications Inc. 0.05% 4,068 $166K No change
ORRF Orrstown Finl Services Inc. 0.05% 4,652 $165K Reduce -19.8%
QQQ Invesco QQQ Trust Series 1 0.05% 264 $162K Reduce -15.9%
SHOP Shopify Inc. Class A 0.05% 1,000 $161K No change
EPD Enterprise Products Partners 0.04% 5,000 $160K No change
CARR Carrier Global Corp. 0.04% 3,015 $159K Reduce -1.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 1,375 $156K No change
AGG iShares Core U.S. Aggregate 0.04% 1,495 $149K No change
UNP Union Pacific Corp. 0.04% 635 $147K Reduce -29.8%
MCD McDonald's Corp. 0.04% 470 $144K No change
DLN Wisdomtree US Largecap Divid 0.04% 1,560 $137K Reduce -20.4%
AMGN Amgen Inc. 0.04% 415 $136K No change
CSCO Cisco Systems Inc. 0.04% 1,749 $135K No change
DHR Danaher Corp. 0.04% 589 $135K No change
FAST Fastenal Co. 0.04% 3,340 $134K No change
ACN Accenture PLC Class A 0.04% 495 $133K No change
VEA Vanguard Ftse Developed ETF 0.04% 2,097 $131K No change
ALL Allstate Corp. 0.04% 619 $129K No change
UPS United Parcel Service Class B 0.04% 1,296 $129K No change
TPR Tapestry Inc. 0.04% 1,000 $128K No change
OTIS Otis Worldwide Corp. 0.03% 1,407 $123K Reduce -1.7%
NOC Northrop Grumman Corp. 0.03% 210 $120K Reduce -31.1%
SDY SS SPDR S&P Dividend ETF 0.03% 837 $116K No change
EQIX Equinix Inc. 0.03% 150 $115K No change
WFC Wells Fargo & Co. 0.03% 1,210 $113K No change
HSY The Hershey Co. 0.03% 600 $109K No change
DE Deere & Co. 0.03% 233 $108K No change
IWO iShares Russell 2000 Growth 0.03% 325 $105K Reduce -31.6%
SUN Sunoco LP 0.03% 2,000 $105K No change
GIS General Mills Inc. 0.03% 2,158 $100K No change
GSK GSK PLC-Spon ADR 0.03% 2,020 $99K No change
INTU Intuit Inc. 0.03% 150 $99K No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 191 $96K No change
GD General Dynamics Corp. 0.03% 280 $94K 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
XEL Xcel Energy Inc. 0.03% 1,225 $90K No change
MDLZ Mondelez International Inc. Class A 0.02% 1,650 $89K No change
GLW Corning Inc. 0.02% 925 $81K No change
SWKS Skyworks Solutions Inc. 0.02% 1,277 $81K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 266 $81K No change
BSV Vanguard Short-Term Bond ETF 0.02% 1,019 $80K No change
IJH iShares Core S&P Midcap ETF 0.02% 1,201 $79K New
LRCX Lam Research Corp. 0.02% 460 $79K No change
PBA Pembina Pipeline Corp. 0.02% 2,000 $76K No change
CL Colgate-Palmolive Co. 0.02% 920 $73K No change
AMP Ameriprise Financial Inc. 0.02% 138 $68K No change
INTC Intel Corp. 0.02% 1,855 $68K No change
DRI Darden Restaurants Inc. 0.02% 355 $65K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 1,100 $61K No change
TMUS T-Mobile US Inc. 0.02% 300 $61K No change
PENN Penn Entertainment Inc. 0.02% 4,100 $60K No change
XNQPX Nuveen Pa QLTY Muni Inc. 0.02% 5,000 $59K No change
TSLA Tesla Inc. 0.02% 130 $58K No change
DVY iShares Select Dividend ETF 0.02% 398 $56K Reduce -15.0%
PAYX Paychex Inc. 0.02% 500 $56K No change
KMI Kinder Morgan Inc. 0.02% 2,000 $55K No change
PANW Palo Alto Networks Inc. 0.02% 300 $55K No change
CSX CSX Corp. 0.02% 1,500 $54K No change
IWB iShares Russell 1000 ETF 0.02% 145 $54K No change
CWB SS SPDR BB Conv Sec ETF 0.02% 604 $54K No change
CCI Crown Castle Inc. 0.01% 574 $51K No change
IWM iShares Russell 2000 ETF 0.01% 209 $51K No change
IWN iShares Russell 2000 Value E 0.01% 276 $50K No change
BDX Becton Dickinson and Co. 0.01% 250 $49K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 955 $49K Reduce -56.8%
VB Vanguard Most SM-Cap ETF-Usd 0.01% 189 $49K No change
CBRE CBRE Group Inc. Class A 0.01% 300 $48K No change
TSN Tyson Foods Inc. Class A 0.01% 800 $47K No change
NLY Annaly Capital Management Inc. 0.01% 2,000 $45K No change
ADP Automatic Data Processing 0.01% 175 $45K No change
MXI iShares Global Materials ETF 0.01% 442 $43K No change
SHEL Shell PLC-ADR 0.01% 564 $41K No change
UBER Uber Technologies Inc. 0.01% 500 $41K No change
AWK American Water Works Co. Inc. 0.01% 300 $39K No change
CMCSA Comcast Corp. Class A 0.01% 1,300 $39K 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
SLV iShares Silver Trust 0.01% 580 $37K Add +274.2%
IEFA iShares Core MSCI Eafe ETF 0.01% 419 $37K No change
MS Morgan Stanley 0.01% 210 $37K No change
FIZZ National Beverage Corp. 0.01% 1,132 $36K No change
SLB SLB Ltd. filed as SLB LIMITED 0.01% 940 $36K No change
TEL Te Connectivity PLC 0.01% 157 $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
BCX BlackRock Resources & Commod 0.01% 3,000 $33K No change
BBAX JPMorgan Betabuilders Develo 0.01% 592 $33K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 175 $33K No change
CB Chubb Ltd. 0.01% 100 $31K No change
IQLT iShares MSCI International Q 0.01% 648 $29K No change
TFC Truist Financial Corp. 0.01% 594 $29K No change
CVS CVS Health Corp. 0.01% 350 $28K No change
HLN Haleon PLC-ADR 0.01% 2,725 $28K No change
FE Firstenergy Corp. 0.01% 601 $27K No change
DGRO iShares Core Dividend Growth 0.01% 374 $26K No change
KGC Kinross Gold Corp. 0.01% 875 $25K Reduce -35.2%
SCHY Schwab International DVD ETF 0.01% 822 $25K No change
TGT Target Corp. 0.01% 260 $25K No change
FLGB Franklin Ftse United Kingdom 0.01% 712 $24K No change
FULT Fulton Financial Corp. 0.01% 1,200 $23K No change
NKE Nike Inc. Class B 0.01% 360 $23K No change
STT State Street Corp. 0.01% 180 $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
FITB Fifth Third Bancorp 0.01% 475 $22K No change
OLLI Ollie's Bargain Outlet Holdi 0.01% 200 $22K No change
OMC Omnicom Group 0.01% 260 $21K Reduce -24.2%
HWM Howmet Aerospace Inc. 0.01% 99 $20K No change
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.01% 51 $20K No change
PPG PPG Industries Inc. 0.01% 200 $20K No change
C Citigroup Inc. 0.01% 150 $18K No change
EVRG Evergy Inc. 0.01% 250 $18K No change
FTV Fortive Corp. 0.00% 312 $17K No change
OXY Occidental Petroleum Corp. 0.00% 406 $17K No change
SBUX Starbucks Corp. 0.00% 200 $17K No change
AZN Astrazeneca PLC-Spons ADR 0.00% 169 $16K Reduce -53.7%
EZU iShares MSCI Eurozone ETF 0.00% 251 $16K No change
NRG NRG Energy Inc. 0.00% 100 $16K No change
VOO Vanguard S&P 500 ETF 0.00% 25 $16K No change
XYL Xylem Inc. 0.00% 121 $16K No change
ADI Analog Devices Inc. 0.00% 57 $15K No change
D Dominion Energy Inc. 0.00% 260 $15K No change
PNC PNC Financial Services Group 0.00% 71 $15K No change
TXN Texas Instruments Inc. 0.00% 87 $15K No change
VNQ Vanguard Real Estate ETF 0.00% 175 $15K No change
ASML ASML Holding NV-NY Reg SHS 0.00% 14 $15K Add +75.0%
DELL Dell Technologies -C 0.00% 103 $13K No change
FLJP Franklin Ftse Japan ETF 0.00% 369 $13K No change
RWO State Street SPDR Dow Jones 0.00% 298 $13K No change
TSCO Tractor Supply Company 0.00% 250 $13K No change
VDE Vanguard Energy ETF 0.00% 100 $13K No change
VFH Vanguard Financials ETF 0.00% 100 $13K Reduce -87.9%
VRT Vertiv Holdings Co. Class A 0.00% 79 $13K No change
FLCA Franklin Ftse Canada ETF 0.00% 257 $12K No change
INFY Infosys Ltd.-SP ADR 0.00% 700 $12K No change
VIG Vanguard Dividend Apprec ETF 0.00% 55 $12K No change
T AT&T Inc. 0.00% 425 $11K No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 190 $11K No change
APLD Applied Digital Corp. 0.00% 400 $10K New
HLT Hilton Worldwide Holdings Inc. 0.00% 34 $10K No change
USHY iShares Broad Usd High Yield 0.00% 269 $10K No change
IBIT iShares Bitcoin Trust ETF 0.00% 193 $10K No change
MSI Motorola Solutions Inc. 0.00% 27 $10K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.00% 100 $10K No change
WMB Williams Cos Inc. 0.00% 173 $10K No change
LHX L3HARRIS Technologies Inc. 0.00% 30 $9K No change
PLTR Palantir Technologies Inc. Class A 0.00% 50 $9K No change
SONO Sonos Inc. 0.00% 500 $9K No change
AIG American International Group 0.00% 97 $8K No change
AGX Argan Inc. 0.00% 27 $8K No change
CTVA Corteva Inc. 0.00% 116 $8K No change
FSLR First Solar Inc. 0.00% 30 $8K No change
HON Honeywell International Inc. 0.00% 43 $8K No change
PLD Prologis Inc. 0.00% 61 $8K No change
UNH Unitedhealth Group Inc. 0.00% 25 $8K Reduce -89.0%
VTWO Vanguard Russell 2000 ETF 0.00% 78 $8K No change
BP BP PLC-Spons ADR 0.00% 213 $7K No change
RRX Regal Rexnord Corp. 0.00% 50 $7K New
SSNC Ss&c Technologies Holdings 0.00% 78 $7K No change
SOFI Sofi Technologies Inc. 0.00% 250 $7K No change
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
VOD Vodafone Group PLC-SP ADR 0.00% 517 $7K No change
XRPI XRP ETF 0.00% 646 $7K No change
WLDN Willdan Group Inc. 0.00% 65 $7K No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 81 $7K Reduce -34.1%
LIN Linde PLC 0.00% 16 $7K No change
CC The Chemours Co. 0.00% 500 $6K No change
FMC FMC Corp. 0.00% 455 $6K Reduce -30.9%
IBBQ Invesco Nasdaq Biotech ETF 0.00% 200 $6K New
PFE Pfizer Inc. 0.00% 255 $6K No change
PGR Progressive Corp. 0.00% 28 $6K No change
VCTR Victory Capital Holding - A 0.00% 100 $6K No change
BKR Baker Hughes Co. 0.00% 120 $5K No change
DD Dupont DE Nemours Inc. 0.00% 116 $5K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.00% 58 $5K No change
IYZ iShares US Telecommunication 0.00% 150 $5K Reduce -80.0%
KLAC KLA Corp. 0.00% 4 $5K No change
KTOS Kratos Defense & Security 0.00% 60 $5K No change
Q Qnity Electronics Inc. 0.00% 57 $5K No change
IHY Vaneck Int High Yield Bond 0.00% 240 $5K No change
VYMI Vanguard Int High DVD YLD Inc. 0.00% 50 $5K New
WBD Warner Bros Discovery Inc. 0.00% 162 $5K No change
PNR Pentair PLC 0.00% 44 $5K No change
BCRX Biocryst Pharmaceuticals Inc. 0.00% 500 $4K No change
CVLT Commvault Systems Inc. 0.00% 30 $4K No change
CSGP Costar Group Inc. 0.00% 64 $4K No change
EWG iShares MSCI Germany ETF 0.00% 100 $4K No change
RAL Ralliant Corp. 0.00% 70 $4K Reduce -32.0%
VST Vistra Corp. 0.00% 25 $4K No change
GRRR Gorilla Technology Group Inc. 0.00% 400 $4K New
DRLL Strive US Energy ETF 0.00% 100 $3K No change
APH Amphenol Corp. Class A 0.00% 20 $3K New
CCL Carnival Corp. 0.00% 100 $3K No change
DOW Dow Inc. 0.00% 116 $3K No change
NVS Novartis AG-Sponsored ADR 0.00% 22 $3K No change
WGS Genedx Holdings Corp. 0.00% 20 $3K No change
TPC Tutor Perini Corp. 0.00% 40 $3K No change
VLTO Veralto Corp. 0.00% 34 $3K No change
AEP American Electric Power 0.00% 15 $2K No change
DLTR Dollar Tree Inc. 0.00% 19 $2K No change
FTK Flotek Industries Inc. 0.00% 100 $2K No change
FXI iShares China Large-Cap ETF 0.00% 62 $2K No change
COWZ Pacer US Cash Cows 100 ETF 0.00% 35 $2K No change
VFC VF Corp. 0.00% 100 $2K No change
VNT Vontier Corp. 0.00% 43 $2K No change
TTE Totalenergies SE 0.00% 36 $2K No change
JG Aurora Mobile Ltd.-ADR 0.00% 200 $1K No change
BRC INC-A 0.00% 1,000 $1K No change
FNB FNB Corp. 0.00% 65 $1K New
NIO Nio Inc. - ADR 0.00% 200 $1K No change
TM Toyota Motor Corp. -Spon ADR 0.00% 5 $1K Reduce -88.9%
WH Wyndham Hotels & Resorts Inc. 0.00% 8 $1K No change

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