Farmers National Bank
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 15, 2025), Farmers National Bank reported 174 stock positions worth $421.6 million. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Apple (AAPL, 5.9%) and Broadcom (AVGO, 4.8%). Compared with Q2 2025, it opened 8 new positions, sold out of 3, added to 71 and reduced 73. The biggest buy was NT Iboxx 5Y Dur Tips ETF (TDTF, shares +49%) and the biggest sale United Parcel Service Class B (UPS, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- DANVILLE, KY
- CIK
- 0001632966
- Portfolio Value
- $421.6M (Q3 2025)
- SEC Filing
- 0001632966-25-000007 ↗ filed Dec 15, 2025
Holdings Value
Holdings 174 stocks · $421.6M
| MSFT Microsoft Corp. | 6.23% | 50,678 | $26.2M | Add +5.3% |
| AAPL Apple Inc. | 5.86% | 97,011 | $24.7M | Add +2.1% |
| AVGO Broadcom Inc. | 4.78% | 61,103 | $20.2M | Reduce -5.9% |
| JPM JPMorgan Chase & Co. | 4.53% | 60,525 | $19.1M | Reduce -1.5% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 4.14% | 718,601 | $17.4M | Add +49.5% |
| GUNR NT Mstar GLBL NR ETF | 2.88% | 277,533 | $12.2M | Add +2.5% |
| GOOG Alphabet Inc. Class C | 2.60% | 45,029 | $11.0M | Add +11.1% |
| JNJ Johnson & Johnson | 2.55% | 58,040 | $10.8M | Reduce -1.6% |
| HD Home Depot Inc. | 2.27% | 23,667 | $9.6M | Add +1.1% |
| MCD McDonald's Corp. | 2.08% | 28,854 | $8.8M | Add +13.2% |
| V Visa Inc. Class A | 1.94% | 23,947 | $8.2M | Add +2.5% |
| NSC Norfolk Southern Corp. | 1.89% | 26,494 | $8.0M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 1.85% | 50,831 | $7.8M | Add +3.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.75% | 26,114 | $7.4M | Add +2.6% |
| CVX Chevron Corp. | 1.71% | 46,538 | $7.2M | Reduce -0.7% |
| HON Honeywell International Inc. | 1.66% | 33,260 | $7.0M | Add +2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.49% | 54,678 | $6.3M | Add +0.8% |
| CSCO Cisco Systems Inc. | 1.47% | 90,426 | $6.2M | Add +20.8% |
| ALL Allstate Corp. | 1.32% | 26,019 | $5.6M | Add +1.2% |
| ACN Accenture PLC Class A | 1.27% | 21,769 | $5.4M | Add +20.8% |
| XOM Exxon Mobil Corp. | 1.22% | 45,520 | $5.1M | Add +19.2% |
| NEE Nextera Energy Inc. | 1.22% | 67,925 | $5.1M | Add +2.9% |
| VGT Vanguard Info Tech ETF | 1.21% | 6,812 | $5.1M | Reduce -3.0% |
| MA Mastercard Inc. Class A | 1.18% | 8,749 | $5.0M | Reduce -1.3% |
| KO The Coca-Cola Co. | 1.14% | 72,344 | $4.8M | Add +0.6% |
| MDT Medtronic PLC | 1.01% | 44,639 | $4.3M | Reduce -3.5% |
| DUK Duke Energy Corp. | 1.00% | 34,044 | $4.2M | Add +2.3% |
| SBUX Starbucks Corp. | 0.99% | 49,348 | $4.2M | Reduce -17.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.99% | 6,244 | $4.2M | Reduce -0.9% |
| NVDA Nvidia Corp. | 0.98% | 22,160 | $4.1M | Reduce -2.6% |
| T AT&T Inc. | 0.92% | 137,900 | $3.9M | Add +1.9% |
| GD General Dynamics Corp. | 0.91% | 11,206 | $3.8M | Add +4.1% |
| CVS CVS Health Corp. | 0.88% | 49,290 | $3.7M | Reduce -7.0% |
| UNH Unitedhealth Group Inc. | 0.87% | 10,611 | $3.7M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 0.84% | 16,112 | $3.5M | Add +1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.82% | 6,844 | $3.4M | Add +57.2% |
| CMCSA Comcast Corp. Class A | 0.78% | 105,182 | $3.3M | Reduce -10.7% |
| ABBV Abbvie Inc. | 0.78% | 14,178 | $3.3M | Add +66.5% |
| LLY Eli Lilly & Co. | 0.74% | 4,111 | $3.1M | Add +17.9% |
| RSP Invesco S&P 500 Equal Weight | 0.66% | 14,754 | $2.8M | Add +4.2% |
| ECL Ecolab Inc. | 0.63% | 9,735 | $2.7M | Reduce -1.8% |
| DES Wisdomtree US Smallcap Divid | 0.60% | 75,337 | $2.5M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 0.59% | 10,242 | $2.5M | Add +72.1% |
| TFC Truist Financial Corp. | 0.59% | 54,008 | $2.5M | Add +2.5% |
| PFE Pfizer Inc. | 0.54% | 88,724 | $2.3M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 0.53% | 3,023 | $2.2M | Add +180.2% |
| DON Wisdomtree US Midcap Dividen | 0.51% | 41,235 | $2.2M | Add +4.3% |
| PEP Pepsico Inc. | 0.50% | 15,101 | $2.1M | Reduce -2.1% |
| WMT Walmart Inc. | 0.47% | 19,242 | $2.0M | Add +1.6% |
| MDLZ Mondelez International Inc. Class A | 0.45% | 30,684 | $1.9M | Add +0.3% |
| ADI Analog Devices Inc. | 0.45% | 7,760 | $1.9M | Add +87.3% |
| TGT Target Corp. | 0.45% | 21,159 | $1.9M | Reduce -6.0% |
| IWR iShares Russell Mid-Cap ETF | 0.42% | 18,509 | $1.8M | Add +7.5% |
| DTH Wisdomtree International Hig | 0.41% | 35,103 | $1.7M | Add +8.6% |
| IWM iShares Russell 2000 ETF | 0.39% | 6,738 | $1.6M | Add +7.6% |
| ETN Eaton Corp. PLC | 0.36% | 4,088 | $1.5M | New |
| MBB iShares MBS ETF | 0.36% | 16,031 | $1.5M | No change |
| BSMQ Invesco Bulletshares 2026 MB | 0.36% | 64,423 | $1.5M | Add +2.0% |
| GNMA iShares Gnma Bond ETF | 0.36% | 34,292 | $1.5M | No change |
| DVY iShares Select Dividend ETF | 0.35% | 10,416 | $1.5M | Add +5.5% |
| IWF iShares Russell 1000 Growth | 0.35% | 3,129 | $1.5M | Add +1.9% |
| ORCL Oracle Corp. | 0.33% | 5,001 | $1.4M | Reduce -4.3% |
| SO The Southern Co. | 0.33% | 14,621 | $1.4M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 0.32% | 5,410 | $1.4M | Add +3.5% |
| CAT Caterpillar Inc. | 0.32% | 2,824 | $1.3M | Add +5.6% |
| RTX RTX Corp. | 0.32% | 8,012 | $1.3M | Reduce -0.2% |
| XLC SS Comm Select Sector SPDR | 0.31% | 11,105 | $1.3M | Reduce -2.9% |
| VOO Vanguard S&P 500 ETF | 0.31% | 2,138 | $1.3M | Reduce -0.5% |
| IBDR iShares Ibonds Dec 2026 Term | 0.31% | 53,714 | $1.3M | Add +0.9% |
| DFUV Dimensional US Marketwide Va | 0.31% | 28,812 | $1.3M | Reduce -5.3% |
| BSMU Invesco Bulletshares 2030 MB | 0.30% | 58,635 | $1.3M | Add +1.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.30% | 4,313 | $1.3M | Reduce -1.1% |
| BSMS Invesco Bulletshares 2028 MB | 0.29% | 52,783 | $1.2M | Add +3.8% |
| ABT Abbott Laboratories | 0.29% | 9,192 | $1.2M | Add +22.1% |
| BSMP Invesco Bulletshares 2025 MB | 0.29% | 50,019 | $1.2M | Add +1.8% |
| GOVT iShares US Treasury Bond ETF | 0.29% | 52,824 | $1.2M | Add +19.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.29% | 2,542 | $1.2M | Reduce -3.5% |
| AMGN Amgen Inc. | 0.29% | 4,300 | $1.2M | No change |
| BSMR Invesco Bulletshares 2027 MB | 0.28% | 49,640 | $1.2M | Add +2.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.28% | 45,935 | $1.2M | Add +5.6% |
| BSMT Invesco Bulletshares 2029 MB | 0.27% | 49,604 | $1.1M | Add +3.1% |
| IVV iShares Core S&P 500 ETF | 0.27% | 1,695 | $1.1M | Add +3.9% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.27% | 46,434 | $1.1M | Add +5.0% |
| BSMV Invesco Bulletshares 2031 MB | 0.27% | 53,461 | $1.1M | Add +2.5% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.24% | 46,532 | $1.0M | Add +6.3% |
| IBDU iShares Ibonds Dec 2029 Term | 0.24% | 43,216 | $1.0M | Add +6.5% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.23% | 38,999 | $982K | Reduce -7.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.23% | 3,109 | $957K | Add +1.4% |
| UPS United Parcel Service Class B | 0.22% | 11,200 | $936K | Reduce -61.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.22% | 43,341 | $920K | Add +7.3% |
| IVW iShares S&P 500 Growth ETF | 0.21% | 7,332 | $885K | Reduce -1.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.20% | 7,848 | $855K | No change |
| UNP Union Pacific Corp. | 0.20% | 3,608 | $853K | Reduce -0.6% |
| PM Philip Morris International | 0.20% | 5,146 | $835K | Reduce -1.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.19% | 1,769 | $820K | Add +1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 1,674 | $812K | Reduce -0.7% |
| MRK Merck & Co. Inc. | 0.19% | 9,591 | $805K | Reduce -15.4% |
| IBDX iShares Ibonds Dec 2032 TC | 0.19% | 30,941 | $793K | Add +10.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 3,073 | $781K | Reduce -1.1% |
| DRI Darden Restaurants Inc. | 0.17% | 3,719 | $708K | Add +3.4% |
Portfolio Sells Q2 2025 → Q3 2025
| UPS United Parcel Service Class B | Reduce -61.1% | 0.22% | −0.54 |
| SBUX Starbucks Corp. | Reduce -17.0% | 0.99% | −0.45 |
| CMCSA Comcast Corp. Class A | Reduce -10.7% | 0.78% | −0.32 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 4.53% | −0.17 |
| TGT Target Corp. | Reduce -6.0% | 0.45% | −0.14 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 1.18% | −0.13 |
| CVS CVS Health Corp. | Reduce -7.0% | 0.88% | −0.08 |
| ECL Ecolab Inc. | Reduce -1.8% | 0.63% | −0.07 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.06 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.06 |
| MDT Medtronic PLC | Reduce -3.5% | 1.01% | −0.06 |
| CVX Chevron Corp. | Reduce -0.7% | 1.71% | −0.06 |
| PM Philip Morris International | Reduce -1.9% | 0.20% | −0.05 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -7.7% | 0.23% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -15.4% | 0.19% | −0.05 |
| PFE Pfizer Inc. | Reduce -1.6% | 0.54% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.9% | 0.99% | −0.04 |
| CLX Clorox Company | Reduce -31.3% | 0.07% | −0.04 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.04 |
| CARR Carrier Global Corp. | Reduce -1.3% | 0.09% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -8.4% | 0.16% | −0.03 |
| PEP Pepsico Inc. | Reduce -2.1% | 0.50% | −0.03 |
| DFUV Dimensional US Marketwide Va | Reduce -5.3% | 0.31% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -6.4% | 0.09% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.13% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -15.6% | 0.13% | −0.03 |
| SO The Southern Co. | Reduce -0.8% | 0.33% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -0.8% | 0.15% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -3.0% | 1.21% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.1% | 0.30% | −0.02 |
| NKE Nike Inc. Class B | Reduce -4.9% | 0.10% | −0.02 |
| UNP Union Pacific Corp. | Reduce -0.6% | 0.20% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -18.6% | 0.07% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -1.3% | 0.07% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -2.9% | 0.31% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.5% | 0.29% | −0.02 |
| CB Chubb Ltd. | Reduce -5.5% | 0.07% | −0.02 |
| PNC PNC Financial Services Group | Reduce -18.3% | 0.06% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -7.5% | 0.12% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -6.5% | 0.07% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.1% | 0.14% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.2% | 0.15% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -9.4% | 0.07% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -0.5% | 0.31% | −0.01 |
| HWM Howmet Aerospace Inc. | Reduce -1.4% | 0.16% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -1.3% | 0.11% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 0.87% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -4.2% | 0.11% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.1% | 0.19% | −0.01 |
| XLF SS Financial Select Sector | Reduce -3.8% | 0.06% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +49.5% | 4.14% | +1.08 |
| AAPL Apple Inc. | Add +2.1% | 5.86% | +0.72 |
| GOOG Alphabet Inc. Class C | Add +11.1% | 2.60% | +0.70 |
| ETN Eaton Corp. PLC | New | 0.36% | +0.36 |
| ABBV Abbvie Inc. | Add +66.5% | 0.78% | +0.36 |
| META Meta Platforms Inc. Class A | Add +180.2% | 0.53% | +0.32 |
| GOOGL Alphabet Inc. Class A | Add +72.1% | 0.59% | +0.31 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +57.2% | 0.82% | +0.26 |
| ADI Analog Devices Inc. | Add +87.3% | 0.45% | +0.19 |
| XOM Exxon Mobil Corp. | Add +19.2% | 1.22% | +0.13 |
| GLW Corning Inc. | New | 0.12% | +0.12 |
| MCD McDonald's Corp. | Add +13.2% | 2.08% | +0.11 |
| CSCO Cisco Systems Inc. | Add +20.8% | 1.47% | +0.10 |
| GD General Dynamics Corp. | Add +4.1% | 0.91% | +0.08 |
| EFA iShares MSCI Eafe ETF | New | 0.08% | +0.08 |
| PAYX Paychex Inc. | New | 0.07% | +0.07 |
| C Citigroup Inc. | New | 0.06% | +0.06 |
| HSY The Hershey Co. | New | 0.06% | +0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.05% | +0.05 |
| DD Dupont DE Nemours Inc. | New | 0.05% | +0.05 |
| CAT Caterpillar Inc. | Add +5.6% | 0.32% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +7.6% | 0.39% | +0.03 |
| LLY Eli Lilly & Co. | Add +17.9% | 0.74% | +0.03 |
| GOVT iShares US Treasury Bond ETF | Add +19.9% | 0.29% | +0.02 |
| ABT Abbott Laboratories | Add +22.1% | 0.29% | +0.02 |
| GUNR NT Mstar GLBL NR ETF | Add +2.5% | 2.88% | +0.02 |
| LOW Lowe's Cos Inc. | Add +3.5% | 0.32% | +0.02 |
| DTH Wisdomtree International Hig | Add +8.6% | 0.41% | +0.01 |
| HD Home Depot Inc. | Add +1.1% | 2.27% | +0.01 |
| MUB iShares National Muni Bond E | Add +16.9% | 0.13% | +0.01 |
| NEE Nextera Energy Inc. | Add +2.9% | 1.22% | +0.01 |
| BAC Bank of America Corp. | Add +13.4% | 0.06% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +7.5% | 0.42% | +0.01 |
| DVY iShares Select Dividend ETF | Add +5.5% | 0.35% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +9.0% | 0.08% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +1.9% | 0.35% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +3.9% | 0.27% | +0.00 |
| IBDX iShares Ibonds Dec 2032 TC | Add +10.5% | 0.19% | +0.00 |
| EAGG iShares ESG Aware US Aggrega | Add +8.6% | 0.07% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +1.4% | 0.23% | −0.00 |
| ESGD iShares Trust iShares ESG Aw | Add +0.2% | 0.08% | −0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +7.3% | 0.22% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Add +1.5% | 0.15% | −0.01 |
| HYXF iShares ESG Adv High Yield | Add +1.2% | 0.06% | −0.01 |
| INTU Intuit Inc. | Add +14.1% | 0.06% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +1.1% | 0.19% | −0.01 |
| IBDU iShares Ibonds Dec 2029 Term | Add +6.5% | 0.24% | −0.01 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +6.3% | 0.24% | −0.01 |
| DON Wisdomtree US Midcap Dividen | Add +4.3% | 0.51% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Add +3.9% | 0.12% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 180 | $479.2M | AAPL, TDTF, MSFT, JPM, AVGO |
| Q1 2026 | 185 | $453.3M | AAPL, TDTF, MSFT, JPM, AVGO |
| Q4 2025 | 185 | $448.0M | AAPL, MSFT, AVGO, JPM, TDTF |
| Q3 2025 | 174 | $421.6M | MSFT, AAPL, AVGO, JPM, TDTF |
| Q2 2025 | 169 | $379.1M | MSFT, AAPL, AVGO, JPM, TDTF |
| Q1 2025 | 166 | $354.5M | AAPL, MSFT, JPM, AVGO, GUNR |
| Q4 2024 | 160 | $342.8M | AAPL, MSFT, JPM, AVGO, GUNR |
| Q2 2024 | 156 | $332.0M | MSFT, AAPL, JPM, GUNR, AVGO |
| Q1 2024 | 159 | $335.3M | MSFT, AAPL, JPM, GUNR, JNJ |