Farmers National Bank
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 12, 2026), Farmers National Bank reported 185 stock positions worth $448.0 million. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Broadcom (AVGO, 4.7%). Compared with Q3 2025, it opened 16 new positions, sold out of 5, added to 82 and reduced 49. The biggest buy was Alphabet Class C (GOOG, shares +11%) and the biggest sale an exit from Invesco Bulletshares 2025 MB (BSMP).
- Most Recent 13F
- Q2 2026
- Location
- DANVILLE, KY
- CIK
- 0001632966
- Portfolio Value
- $448.0M (Q4 2025)
- SEC Filing
- 0001632966-26-000001 ↗ filed Mar 12, 2026
Holdings Value
Holdings 185 stocks · $448.0M
| AAPL Apple Inc. | 6.05% | 99,778 | $27.1M | Add +2.9% |
| MSFT Microsoft Corp. | 5.66% | 52,455 | $25.4M | Add +3.5% |
| AVGO Broadcom Inc. | 4.70% | 60,822 | $21.1M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 4.55% | 63,216 | $20.4M | Add +4.5% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 4.53% | 847,396 | $20.3M | Add +17.9% |
| GOOG Alphabet Inc. Class C | 3.51% | 50,180 | $15.7M | Add +11.4% |
| GUNR NT Mstar GLBL NR ETF | 2.85% | 278,365 | $12.8M | Add +0.3% |
| JNJ Johnson & Johnson | 2.80% | 60,701 | $12.6M | Add +4.6% |
| MCD McDonald's Corp. | 2.01% | 29,407 | $9.0M | Add +1.9% |
| V Visa Inc. Class A | 1.99% | 25,390 | $8.9M | Add +6.0% |
| HD Home Depot Inc. | 1.89% | 24,545 | $8.4M | Add +3.7% |
| NSC Norfolk Southern Corp. | 1.69% | 26,183 | $7.6M | Reduce -1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.67% | 25,268 | $7.5M | Reduce -3.2% |
| CSCO Cisco Systems Inc. | 1.66% | 96,541 | $7.4M | Add +6.8% |
| PG The Procter & Gamble Co. | 1.64% | 51,138 | $7.3M | Add +0.6% |
| CVX Chevron Corp. | 1.64% | 48,065 | $7.3M | Add +3.3% |
| HON Honeywell International Inc. | 1.45% | 33,206 | $6.5M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.41% | 55,543 | $6.3M | Add +1.6% |
| NVDA Nvidia Corp. | 1.38% | 33,224 | $6.2M | Add +49.9% |
| ACN Accenture PLC Class A | 1.28% | 21,310 | $5.7M | Reduce -2.1% |
| NEE Nextera Energy Inc. | 1.24% | 69,036 | $5.5M | Add +1.6% |
| ALL Allstate Corp. | 1.19% | 25,694 | $5.3M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 1.17% | 43,419 | $5.2M | Reduce -4.6% |
| VGT Vanguard Info Tech ETF | 1.12% | 6,661 | $5.0M | Reduce -2.2% |
| KO The Coca-Cola Co. | 1.12% | 71,586 | $5.0M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 1.09% | 8,557 | $4.9M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 1.07% | 4,456 | $4.8M | Add +8.4% |
| AMZN Amazon.com Inc. | 1.00% | 19,461 | $4.5M | Add +20.8% |
| GOOGL Alphabet Inc. Class A | 0.96% | 13,809 | $4.3M | Add +34.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.96% | 6,292 | $4.3M | Add +0.8% |
| MDT Medtronic PLC | 0.93% | 43,502 | $4.2M | Reduce -2.5% |
| DUK Duke Energy Corp. | 0.89% | 33,999 | $4.0M | Reduce -0.1% |
| CVS CVS Health Corp. | 0.87% | 48,927 | $3.9M | Reduce -0.7% |
| SBUX Starbucks Corp. | 0.86% | 45,496 | $3.8M | Reduce -7.8% |
| GD General Dynamics Corp. | 0.82% | 10,916 | $3.7M | Reduce -2.6% |
| T AT&T Inc. | 0.77% | 138,310 | $3.4M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 6,265 | $3.1M | Reduce -8.5% |
| ABBV Abbvie Inc. | 0.69% | 13,609 | $3.1M | Reduce -4.0% |
| UNH Unitedhealth Group Inc. | 0.67% | 9,112 | $3.0M | Reduce -14.1% |
| RSP Invesco S&P 500 Equal Weight | 0.64% | 14,868 | $2.8M | Add +0.8% |
| TFC Truist Financial Corp. | 0.58% | 53,038 | $2.6M | Reduce -1.8% |
| ECL Ecolab Inc. | 0.57% | 9,690 | $2.5M | Reduce -0.5% |
| DES Wisdomtree US Smallcap Divid | 0.56% | 74,707 | $2.5M | Reduce -0.8% |
| WMT Walmart Inc. | 0.55% | 22,147 | $2.5M | Add +15.1% |
| CMCSA Comcast Corp. Class A | 0.55% | 82,163 | $2.5M | Reduce -21.9% |
| META Meta Platforms Inc. Class A | 0.55% | 3,699 | $2.4M | Add +22.4% |
| ADI Analog Devices Inc. | 0.54% | 8,954 | $2.4M | Add +15.4% |
| ETN Eaton Corp. PLC | 0.49% | 6,927 | $2.2M | Add +69.5% |
| DON Wisdomtree US Midcap Dividen | 0.48% | 41,713 | $2.2M | Add +1.2% |
| PEP Pepsico Inc. | 0.48% | 14,858 | $2.1M | Reduce -1.6% |
| DTH Wisdomtree International Hig | 0.46% | 40,083 | $2.1M | Add +14.2% |
| PFE Pfizer Inc. | 0.45% | 81,757 | $2.0M | Reduce -7.8% |
| IWR iShares Russell Mid-Cap ETF | 0.43% | 20,160 | $1.9M | Add +8.9% |
| RTX RTX Corp. | 0.42% | 10,209 | $1.9M | Add +27.4% |
| AMGN Amgen Inc. | 0.38% | 5,198 | $1.7M | Add +20.9% |
| MDLZ Mondelez International Inc. Class A | 0.38% | 31,242 | $1.7M | Add +1.8% |
| IWM iShares Russell 2000 ETF | 0.36% | 6,583 | $1.6M | Reduce -2.3% |
| TGT Target Corp. | 0.36% | 16,572 | $1.6M | Reduce -21.7% |
| CAT Caterpillar Inc. | 0.36% | 2,777 | $1.6M | Reduce -1.7% |
| LOW Lowe's Cos Inc. | 0.35% | 6,577 | $1.6M | Add +21.6% |
| GNMA iShares Gnma Bond ETF | 0.34% | 34,292 | $1.5M | No change |
| MBB iShares MBS ETF | 0.34% | 16,031 | $1.5M | No change |
| BSMQ Invesco Bulletshares 2026 MB | 0.34% | 63,621 | $1.5M | Reduce -1.2% |
| IWF iShares Russell 1000 Growth | 0.33% | 3,079 | $1.5M | Reduce -1.6% |
| DVY iShares Select Dividend ETF | 0.32% | 10,283 | $1.5M | Reduce -1.3% |
| IVV iShares Core S&P 500 ETF | 0.32% | 2,066 | $1.4M | Add +21.9% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 2,401 | $1.4M | Add +43.4% |
| IBDR iShares Ibonds Dec 2026 Term | 0.31% | 57,183 | $1.4M | Add +6.5% |
| ORCL Oracle Corp. | 0.31% | 7,047 | $1.4M | Add +40.9% |
| BSMU Invesco Bulletshares 2030 MB | 0.30% | 60,708 | $1.3M | Add +3.5% |
| VOO Vanguard S&P 500 ETF | 0.30% | 2,132 | $1.3M | Reduce -0.3% |
| GOVT iShares US Treasury Bond ETF | 0.30% | 57,638 | $1.3M | Add +9.1% |
| DFUV Dimensional US Marketwide Va | 0.30% | 28,465 | $1.3M | Reduce -1.2% |
| XLC SS Comm Select Sector SPDR | 0.29% | 10,936 | $1.3M | Reduce -1.5% |
| BSMS Invesco Bulletshares 2028 MB | 0.28% | 53,848 | $1.3M | Add +2.0% |
| SO The Southern Co. | 0.28% | 14,421 | $1.3M | Reduce -1.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 4,286 | $1.2M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.27% | 2,487 | $1.2M | Reduce -2.2% |
| BSMT Invesco Bulletshares 2029 MB | 0.27% | 52,287 | $1.2M | Add +5.4% |
| BSMR Invesco Bulletshares 2027 MB | 0.27% | 50,949 | $1.2M | Add +2.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.27% | 46,872 | $1.2M | Add +2.0% |
| ABT Abbott Laboratories | 0.26% | 9,474 | $1.2M | Add +3.1% |
| BSMV Invesco Bulletshares 2031 MB | 0.26% | 55,687 | $1.2M | Add +4.2% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.25% | 46,997 | $1.1M | Add +1.2% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.24% | 48,343 | $1.1M | Add +3.9% |
| IBDU iShares Ibonds Dec 2029 Term | 0.23% | 44,068 | $1.0M | Add +2.0% |
| MRK Merck & Co. Inc. | 0.22% | 9,396 | $989K | Reduce -2.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.22% | 3,109 | $979K | No change |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.21% | 44,065 | $932K | Add +1.7% |
| MUB iShares National Muni Bond E | 0.20% | 8,548 | $916K | Add +62.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.20% | 7,848 | $911K | No change |
| IVW iShares S&P 500 Growth ETF | 0.20% | 7,332 | $904K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 5,756 | $884K | Add +36.0% |
| UNP Union Pacific Corp. | 0.20% | 3,800 | $879K | Add +5.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.19% | 1,769 | $850K | No change |
| COST Costco Wholesale Corp. | 0.19% | 978 | $843K | Add +67.8% |
| PM Philip Morris International | 0.19% | 5,205 | $835K | Add +1.1% |
| GLD SPDR Gold Shares | 0.19% | 2,095 | $830K | Add +10.7% |
| IBDX iShares Ibonds Dec 2032 TC | 0.18% | 31,981 | $816K | Add +3.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.18% | 3,098 | $799K | Add +0.8% |
Portfolio Sells Q3 2025 → Q4 2025
| BSMP Invesco Bulletshares 2025 MB | Sold out | 0.00% | −0.29 |
| CMCSA Comcast Corp. Class A | Reduce -21.9% | 0.55% | −0.24 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.23 |
| HON Honeywell International Inc. | Reduce -0.2% | 1.45% | −0.21 |
| NSC Norfolk Southern Corp. | Reduce -1.2% | 1.69% | −0.20 |
| UNH Unitedhealth Group Inc. | Reduce -14.1% | 0.67% | −0.20 |
| SBUX Starbucks Corp. | Reduce -7.8% | 0.86% | −0.14 |
| ALL Allstate Corp. | Reduce -1.3% | 1.19% | −0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.5% | 0.70% | −0.11 |
| DUK Duke Energy Corp. | Reduce -0.1% | 0.89% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 1.09% | −0.09 |
| TGT Target Corp. | Reduce -21.7% | 0.36% | −0.09 |
| GD General Dynamics Corp. | Reduce -2.6% | 0.82% | −0.09 |
| VGT Vanguard Info Tech ETF | Reduce -2.2% | 1.12% | −0.09 |
| ABBV Abbvie Inc. | Reduce -4.0% | 0.69% | −0.08 |
| AVGO Broadcom Inc. | Reduce -0.5% | 4.70% | −0.08 |
| PFE Pfizer Inc. | Reduce -7.8% | 0.45% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -3.2% | 1.67% | −0.08 |
| MDT Medtronic PLC | Reduce -2.5% | 0.93% | −0.08 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.07 |
| CLX Clorox Company | Sold out | 0.00% | −0.07 |
| UPS United Parcel Service Class B | Reduce -37.3% | 0.16% | −0.07 |
| ECL Ecolab Inc. | Reduce -0.5% | 0.57% | −0.06 |
| KMB Kimberly-Clark Corp. | Reduce -17.0% | 0.09% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -4.6% | 1.17% | −0.05 |
| SO The Southern Co. | Reduce -1.4% | 0.28% | −0.05 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.05 |
| DES Wisdomtree US Smallcap Divid | Reduce -0.8% | 0.56% | −0.04 |
| DRI Darden Restaurants Inc. | Reduce -15.0% | 0.13% | −0.04 |
| DVY iShares Select Dividend ETF | Reduce -1.3% | 0.32% | −0.03 |
| PEP Pepsico Inc. | Reduce -1.6% | 0.48% | −0.03 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -1.2% | 0.34% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -2.3% | 0.36% | −0.03 |
| INTC Intel Corp. | Reduce -36.8% | 0.05% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -1.5% | 0.29% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.6% | 0.28% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -1.6% | 0.33% | −0.02 |
| KO The Coca-Cola Co. | Reduce -1.1% | 1.12% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.2% | 0.27% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -18.3% | 0.06% | −0.02 |
| CVS CVS Health Corp. | Reduce -0.7% | 0.87% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -0.3% | 0.30% | −0.01 |
| INTU Intuit Inc. | Reduce -11.8% | 0.05% | −0.01 |
| DFUV Dimensional US Marketwide Va | Reduce -1.2% | 0.30% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -2.5% | 0.11% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 0.13% | −0.01 |
| ESML iShares ESG Aware MSCI USA S | Reduce -0.2% | 0.10% | −0.00 |
| TFC Truist Financial Corp. | Reduce -1.8% | 0.58% | −0.00 |
| CSX CSX Corp. | Reduce -1.0% | 0.06% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -0.1% | 0.07% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +11.4% | 3.51% | +0.91 |
| NVDA Nvidia Corp. | Add +49.9% | 1.38% | +0.40 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +17.9% | 4.53% | +0.40 |
| GOOGL Alphabet Inc. Class A | Add +34.8% | 0.96% | +0.37 |
| LLY Eli Lilly & Co. | Add +8.4% | 1.07% | +0.32 |
| JNJ Johnson & Johnson | Add +4.6% | 2.80% | +0.25 |
| AAPL Apple Inc. | Add +2.9% | 6.05% | +0.20 |
| CSCO Cisco Systems Inc. | Add +6.8% | 1.66% | +0.19 |
| AMZN Amazon.com Inc. | Add +20.8% | 1.00% | +0.16 |
| IXN iShares Global Tech ETF | New | 0.16% | +0.16 |
| ETN Eaton Corp. PLC | Add +69.5% | 0.49% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +43.4% | 0.31% | +0.12 |
| RTX RTX Corp. | Add +27.4% | 0.42% | +0.10 |
| AMD Advanced Micro Devices | New | 0.10% | +0.10 |
| AMGN Amgen Inc. | Add +20.9% | 0.38% | +0.09 |
| ADI Analog Devices Inc. | Add +15.4% | 0.54% | +0.09 |
| AGG iShares Core U.S. Aggregate | Add +131.0% | 0.16% | +0.09 |
| LHX L3HARRIS Technologies Inc. | New | 0.08% | +0.08 |
| APH Amphenol Corp. Class A | New | 0.08% | +0.08 |
| WMT Walmart Inc. | Add +15.1% | 0.55% | +0.08 |
| CRM Salesforce Inc. | Add +103.6% | 0.14% | +0.08 |
| MUB iShares National Muni Bond E | Add +62.6% | 0.20% | +0.07 |
| PH Parker Hannifin Corp. | New | 0.07% | +0.07 |
| BX Blackstone Inc. | New | 0.06% | +0.06 |
| XLP SS Consumer Staples Sel Sect | New | 0.06% | +0.06 |
| COST Costco Wholesale Corp. | Add +67.8% | 0.19% | +0.06 |
| XLV SS Health Care Select Sector | New | 0.06% | +0.06 |
| IQV Iqvia Holdings Inc. | New | 0.05% | +0.05 |
| DTH Wisdomtree International Hig | Add +14.2% | 0.46% | +0.05 |
| TJX TJX Companies Inc. | Add +36.0% | 0.20% | +0.05 |
| CHDN Churchill Downs Inc. | New | 0.05% | +0.05 |
| PANW Palo Alto Networks Inc. | New | 0.05% | +0.05 |
| V Visa Inc. Class A | Add +6.0% | 1.99% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.05% | +0.05 |
| KEYS Keysight Technologies Inc. | New | 0.05% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +21.9% | 0.32% | +0.05 |
| BSX Boston Scientific Corp. | New | 0.05% | +0.05 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.04% | +0.04 |
| VNQ Vanguard Real Estate ETF | Add +52.1% | 0.15% | +0.04 |
| LOW Lowe's Cos Inc. | Add +21.6% | 0.35% | +0.03 |
| GLD SPDR Gold Shares | Add +10.7% | 0.19% | +0.03 |
| KFFB Kentucky First Federal Banco | New | 0.02% | +0.02 |
| NEE Nextera Energy Inc. | Add +1.6% | 1.24% | +0.02 |
| META Meta Platforms Inc. Class A | Add +22.4% | 0.55% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +4.5% | 4.55% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +15.6% | 0.16% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +11.3% | 0.17% | +0.01 |
| CB Chubb Ltd. | Add +13.6% | 0.09% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +8.9% | 0.43% | +0.01 |
| MS Morgan Stanley | Add +1.5% | 0.14% | +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 |