CIK: 0001697375
Total reported value
$367.5M
Reporting period: 2026-03-31 · Number of holdings: 335
Farmers & Merchants Trust Co of Chambersburg PA disclosed 335 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $367.5M and a quarterly turnover rate of 13.5%.
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Farmers & Merchants Trust Co of Chambersburg PA's disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 38 equally-sized positions, well below its 335 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.80), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 25% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim QCOM
-55.6% -$2.4M
Add VBR
+21.8% $2.5M
Add VBK
+26.1% $2.4M
Add TLT
+15.2% $2.6M
Trim GOOGL
-16.7% -$1.4M
Add BIV
+7.9% $2.5M
Showing top 200 holdings (of 335 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BIV | Vanguard Intermediate-term B | ETF-Other | 10.34% | +0.39% | +7.88% | |
| 2 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 5.57% | +0.57% | +15.15% | |
| 3 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 3.35% | +0.60% | +21.84% | |
| 4 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 3.16% | +0.58% | +26.10% | |
| 5 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 3.10% | +0.22% | +6.42% | |
| 6 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 2.93% | +0.21% | +6.65% | |
| 7 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 2.54% | — | -1.96% | |
| 8 | GLD | Spdr Gold Shares | ETF-Commodities | 2.47% | +0.31% | +8.54% | |
| 9 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 2.31% | +0.06% | +6.61% | |
| 10 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 2.30% | +0.13% | +8.44% | |
| 11 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 2.22% | +0.11% | +9.91% | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 2.06% | -0.25% | -1.74% | |
| 13 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 2.01% | — | +10.69% | |
| 14 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 1.59% | +0.03% | -2.29% | |
| 15 | MSFT | Microsoft CORP | Stock-Tech | 1.49% | -0.37% | +7.83% | |
| 16 | XLK | Ss Technology Select Sector | ETF-Tech | 1.47% | -0.27% | -5.92% | |
| 17 | WMT | Walmart INC | Stock-Consumer Staples | 1.46% | — | -14.60% | |
| 18 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 1.44% | — | +0.64% | |
| 19 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.41% | -0.24% | -3.94% | |
| 20 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.38% | -0.14% | +1.51% | |
| 21 | CVX | Chevron CORP | Stock-Energy | 1.31% | +0.25% | -6.01% | |
| 22 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.30% | — | -10.97% | |
| 23 | AVGO | Broadcom INC | Stock-Tech | 1.26% | -0.33% | -9.44% | |
| 24 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.24% | — | -1.77% | |
| 25 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.23% | -0.42% | -16.75% | |
| 26 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.17% | — | +6.31% | |
| 27 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 1.14% | +0.23% | +28.25% | |
| 28 | AAPL | Apple INC | Stock-Tech | 1.13% | — | +0.70% | |
| 29 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 1.12% | +0.04% | +7.85% | |
| 30 | ABBV | Abbvie INC | Stock-Healthcare | 1.06% | -0.17% | -6.94% | |
| 31 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 1.05% | -0.13% | -2.44% | |
| 32 | V | Visa Inc-class A Shares | Stock-Financials | 1.04% | -0.17% | +2.03% | |
| 33 | XLF | Ss Financial Select Sector | ETF-Other | 1.03% | -0.18% | -2.45% | |
| 34 | RTX | Rtx CORP | Stock-Industrials | 1.02% | -0.12% | -12.66% | |
| 35 | ORCL | Oracle CORP | Stock-Tech | 0.91% | — | +30.41% | |
| 36 | XLE | Ss Energy Select Sector | ETF-Other | 0.90% | +0.13% | -12.13% | |
| 37 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.89% | -0.13% | -0.48% | |
| 38 | GS | Goldman Sachs Group INC | Stock-Financials | 0.87% | -0.10% | -4.21% | |
| 39 | DKS | Dick's Sporting Goods INC | Stock-Consumer Disc | 0.84% | — | -1.76% | |
| 40 | XLRE | Ss Real Estate Select Sector | ETF-Other | 0.83% | — | -0.60% | |
| 41 | XLI | Ss Industrial Select Sector | ETF-Other | 0.83% | -0.13% | -14.63% | |
| 42 | XLV | Ss Health Care Select Sector | ETF-Other | 0.83% | -0.11% | -4.93% | |
| 43 | IBM | Intl Business Machines CORP | Stock-Tech | 0.83% | -0.16% | +5.21% | |
| 44 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.79% | +0.22% | +45.61% | |
| 45 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.79% | +0.07% | -3.34% | |
| 46 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 0.76% | — | +10.11% | |
| 47 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.74% | +0.12% | +30.73% | |
| 48 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.73% | -0.12% | -11.65% | |
| 49 | DON | Wisdomtree US Midcap Dividen | ETF-Other | 0.72% | +0.17% | +31.50% | |
| 50 | SO | Southern Co/the | Stock-Utilities | 0.72% | — | -3.29% |
Performance for Q3 2026
+1%
Performance Last 4 Quarters
+15.4%
Based on 83% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 335 | $367.5M | 14 | |
| 2025-12-31 | 333 | $357.2M | 7 | |
| 2025-09-30 | 333 | $354.0M | 25 | |
| 2025-06-30 | 339 | $319.7M | 0 | |
| 2025-03-31 | 405 | $282.4M | 100 | |
| 2024-12-31 | 385 | $264.4M | 0 | |
| 2024-09-30 | 378 | $259.7M | 0 | |
| 2024-06-30 | 388 | $247.7M | 0 | |
| 2024-03-31 | 432 | $243.8M | 0 | |
| 2023-12-31 | 431 | $195.9M | 0 | |
| 2023-09-30 | 379 | $152.9M | 0 | |
| 2023-06-30 | 390 | $154.4M | 0 | |
| 2023-03-31 | 366 | $150.2M | 0 | |
| 2022-12-31 | 360 | $145.8M | 0 | |
| 2022-09-30 | 330 | $129.1M | 0 | |
| 2022-06-30 | 361 | $137.3M | 0 | |
| 2022-03-31 | 308 | $156.8M | 0 | |
| 2021-12-31 | 332 | $153.2M | 0 | |
| 2021-09-30 | 316 | $137.4M | 0 | |
| 2021-06-30 | 329 | $144.4M | 96 | |
| 2021-03-31 | 298 | $132.7M | 21 | |
| 2020-12-31 | 276 | $125.3M | 14 | |
| 2020-09-30 | 273 | $115.9M | 20 | |
| 2020-06-30 | 292 | $118.1M | 25 | |
| 2020-03-31 | 284 | $101.4M | 24 | |
| 2019-12-31 | 312 | $126.9M | 14 | |
| 2019-09-30 | 322 | $124.1M | 11 | |
| 2019-06-30 | 309 | $114.5M | 18 | |
| 2019-03-31 | 314 | $114.4M | 22 | |
| 2018-12-31 | 267 | $100.0M | 18 | |
| 2018-09-30 | 271 | $116.0M | 16 | |
| 2018-06-30 | 268 | $112.2M | 12 | |
| 2018-03-31 | 266 | $110.4M | 15 | |
| 2017-12-31 | 272 | $120.8M | 12 | |
| 2017-09-30 | 276 | $116.4M | 19 | |
| 2017-06-30 | 285 | $115.8M | 7 | |
| 2017-03-31 | 286 | $112.5M | 16 | |
| 2016-12-31 | 285 | $107.1M | 0 |
Farmers & Merchants Trust Co of Chambersburg PA's most significant position changes for 2026-03-31: New buy: Ishares Core Msci Emerging (IEMG); Trim: Qualcomm INC (QCOM) — shares -55.64%; Add: Vanguard Small-cap Value ETF (VBR) — shares +21.84%; Add: Vanguard Small-cap Grwth ETF (VBK) — shares +26.10%; Add: Ishares 20+ Year Treasury Bd (TLT) — shares +15.15%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VBR | Vanguard Small-cap Value ETF | +0.6% | +21.84% | Add |
| 2 | VBK | Vanguard Small-cap Grwth ETF | +0.6% | +26.10% | Add |
| 3 | TLT | Ishares 20+ Year Treasury Bd | +0.6% | +15.15% | Add |
| 4 | BIV | Vanguard Intermediate-term B | +0.4% | +7.88% | Add |
| 5 | GLD | Spdr Gold Shares | +0.3% | +8.54% | Add |
| 6 | CVX | Chevron CORP | +0.3% | -6.01% | Trim |
| 7 | FLOT | Ishares Floating Rate Bond E | +0.2% | +28.25% | Add |
| 8 | DGS | Wisdomtree Em Small Cap | +0.2% | +74.99% | Add |
| 9 | EFV | Ishares Msci Eafe Value ETF | +0.2% | +6.42% | Add |
| 10 | EFG | Ishares Msci Eafe Growth ETF | +0.2% | +45.61% | Add |
| 11 | VOE | Vanguard Mid-cap Value ETF | +0.2% | +6.65% | Add |
| 12 | DON | Wisdomtree US Midcap Dividen | +0.2% | +31.50% | Add |
| 13 | XOM | Exxon Mobil CORP | +0.2% | -2.35% | Trim |
| 14 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +8.44% | Add |
| 15 | XLE | Ss Energy Select Sector | +0.1% | -12.13% | Trim |
| 16 | EFA | Ishares Msci Eafe ETF | +0.1% | +30.66% | Add |
| 17 | IWP | Ishares Russell Mid-cap Grow | +0.1% | +30.73% | Add |
| 18 | SJNK | Ss Spdr Bb St Hi Yield ETF | +0.1% | +9.91% | Add |
| 19 | VLO | Valero Energy CORP | +0.1% | -8.68% | Trim |
| 20 | AMAT | Applied Materials INC | +0.1% | — | Unchanged |
| 21 | COST | Costco Wholesale CORP | +0.1% | -3.34% | Trim |
| 22 | VCIT | Vanguard Int-term Corporate | +0.1% | +6.61% | Add |
| 23 | IEF | Ishares 7-10 Year Treasury B | 0% | +7.85% | Add |
| 24 | XLU | St Sr Utl Sl Se Spdr Etf-usd | 0% | -2.29% | Trim |
| 25 | IVV | Ishares Core S&p 500 ETF | -0.1% | -97.59% | Trim |
| 26 | JNJ | Johnson & Johnson | -0.1% | -24.67% | Trim |
| 27 | XLY | Ss Consumer Disc Select Sect | -0.1% | -2.99% | Trim |
| 28 | GS | Goldman Sachs Group INC | -0.1% | -4.21% | Trim |
| 29 | ETN | Eaton Corporation plc | -0.1% | -24.73% | Trim |
| 30 | XLV | Ss Health Care Select Sector | -0.1% | -4.93% | Trim |
| 31 | TRV | Travelers Cos Inc/the | -0.1% | -11.65% | Trim |
| 32 | RTX | Rtx CORP | -0.1% | -12.66% | Trim |
| 33 | XLI | Ss Industrial Select Sector | -0.1% | -14.63% | Trim |
| 34 | AMZN | Amazon.com INC | -0.1% | -0.48% | Trim |
| 35 | XLC | Ss Comm Select Sector Spdr | -0.1% | -2.44% | Trim |
| 36 | SPYG | Ss Spdr P S&p 500 Growth ETF | -0.1% | +1.51% | Add |
| 37 | IBM | Intl Business Machines CORP | -0.2% | +5.21% | Add |
| 38 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | -30.94% | Trim |
| 39 | V | Visa Inc-class A Shares | -0.2% | +2.03% | Add |
| 40 | ABBV | Abbvie INC | -0.2% | -6.94% | Trim |
| 41 | XLF | Ss Financial Select Sector | -0.2% | -2.45% | Trim |
| 42 | JPM | Jpmorgan Chase & Co | -0.2% | -3.94% | Trim |
| 43 | NVDA | Nvidia CORP | -0.3% | -1.74% | Trim |
| 44 | FRAF | Franklin Financial Services | -0.3% | -94.25% | Trim |
| 45 | XLK | Ss Technology Select Sector | -0.3% | -5.92% | Trim |
| 46 | AVGO | Broadcom INC | -0.3% | -9.44% | Trim |
| 47 | MSFT | Microsoft CORP | -0.4% | +7.83% | Add |
| 48 | GOOGL | Alphabet Inc-cl A | -0.4% | -16.75% | Trim |
| 49 | QCOM | Qualcomm INC | -0.7% | -55.64% | Trim |
| 50 | IEMG | Ishares Core Msci Emerging | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-29 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-04-23 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-02 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-27 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-10 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-25 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-30 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-18 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-23 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-26 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-23 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-17 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-20 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-17 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-18 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-14 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-25 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-22 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-27 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-03 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-19 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-09 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-21 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-10 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-23 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-19 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-22 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-26 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-10-23 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-02 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-10 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-12 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-19 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-18 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-07 | 13F-HR | View on EDGAR |
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