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Farmers & Merchants Trust Co of Chambersburg PA Quarterly 13F Portfolio Update (Q2 2026)
Farmers & Merchants Trust Co of Chambersburg PACIK: 0001697375
Diversified strategyMomentum followerLong-term holder
Total reported value
$394.0M
Reporting period: 2026-06-30 · Number of holdings: 358
Farmers & Merchants Trust Co of Chambersburg PA disclosed 358 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $394.0M and a quarterly turnover rate of 10.4%.
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Personality snowflake
- Concentration
- 10.12
- Portfolio Stability
- 10.38
- Momentum
- 100
- Sector conviction
- 46.17
- Diversification
- 100
- Sizing Uniformity
- 71.57
Farmers & Merchants Trust Co of Chambersburg PA's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 358 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 2.84), 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 33% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim BIV
+1.9% $483.0K
Trim GLD
+1.1% -$1.2M
Add XLK
-1.4% $2.2M
Add VBK
+1.4% $2.6M
Trim CVX
-0.5% -$976.0K
Add AMAT
-12.6% $1.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 358 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BIV | Vanguard Intermediate-term B | ETF-Other | 9.77% | -0.57% | +1.91% | |
| 2 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 5.30% | -0.27% | +2.28% | |
| 3 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 3.62% | +0.46% | +1.38% | |
| 4 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 3.54% | +0.19% | +1.52% | |
| 5 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 3.02% | -0.08% | +1.46% | |
| 6 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 2.98% | +0.05% | +1.40% | |
| 7 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 2.53% | -0.01% | -0.90% | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 2.22% | +0.16% | +0.58% | |
| 9 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 2.21% | +0.20% | -1.07% | |
| 10 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 2.19% | -0.12% | +1.78% | |
| 11 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 2.18% | -0.13% | +1.18% | |
| 12 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 2.11% | -0.11% | +1.67% | |
| 13 | GLD | Spdr Gold Shares | ETF-Commodities | 1.99% | -0.48% | +1.10% | |
| 14 | XLK | Ss Technology Select Sector | ETF-Tech | 1.94% | +0.47% | -1.38% | |
| 15 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.68% | +0.30% | +7.28% | |
| 16 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 1.57% | +0.13% | +8.65% | |
| 17 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 1.47% | -0.12% | +0.12% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.42% | +0.19% | -0.31% | |
| 19 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.41% | — | -3.09% | |
| 20 | MSFT | Microsoft CORP | Stock-Tech | 1.38% | -0.11% | -1.91% | |
| 21 | AVGO | Broadcom Inc | Stock-Tech | 1.36% | +0.10% | -4.64% | |
| 22 | WMT | Walmart Inc | Stock-Consumer Staples | 1.24% | -0.22% | -0.04% | |
| 23 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.23% | -0.07% | -2.15% | |
| 24 | AAPL | Apple Inc | Stock-Tech | 1.22% | +0.09% | +0.98% | |
| 25 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 1.18% | +0.04% | +11.19% | |
| 26 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.18% | -0.06% | +0.48% | |
| 27 | ABBV | Abbvie Inc | Stock-Healthcare | 1.17% | +0.11% | +2.61% | |
| 28 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.11% | -0.06% | +2.08% | |
| 29 | V | Visa Inc-class A Shares | Stock-Financials | 1.09% | +0.05% | -0.35% | |
| 30 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 1.05% | -0.07% | +1.94% | |
| 31 | XLF | Ss Financial Select Sector | ETF-Other | 1.04% | +0.01% | -0.88% | |
| 32 | CVX | Chevron CORP | Stock-Energy | 0.97% | -0.34% | -0.46% | |
| 33 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.97% | +0.10% | +0.21% | |
| 34 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.95% | -0.10% | -0.37% | |
| 35 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.94% | +0.05% | -0.53% | |
| 36 | RTX | Rtx CORP | Stock-Industrials | 0.93% | -0.09% | -0.36% | |
| 37 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.90% | +0.11% | +9.57% | |
| 38 | DKS | Dick's Sporting Goods Inc | Stock-Consumer Disc | 0.90% | +0.06% | +0.20% | |
| 39 | XLI | Ss Industrial Select Sector | ETF-Other | 0.89% | +0.06% | +0.53% | |
| 40 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.86% | +0.12% | +9.30% | |
| 41 | IBM | Intl Business Machines CORP | Stock-Tech | 0.84% | +0.01% | -5.52% | |
| 42 | XLV | Ss Health Care Select Sector | ETF-Other | 0.84% | +0.01% | +1.15% | |
| 43 | XLRE | Ss Real Estate Select Sector | ETF-Other | 0.84% | +0.01% | +0.59% | |
| 44 | ORCL | Oracle CORP | Stock-Tech | 0.84% | -0.07% | -0.61% | |
| 45 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.77% | +0.04% | +0.22% | |
| 46 | DON | Wisdomtree US Midcap Dividen | ETF-Other | 0.75% | +0.03% | +2.89% | |
| 47 | XLE | Ss Energy Select Sector | ETF-Other | 0.74% | -0.16% | +0.93% | |
| 48 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 0.73% | -0.03% | +3.94% | |
| 49 | AMAT | Applied Materials Inc | Stock-Tech | 0.73% | +0.31% | -12.56% | |
| 50 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.71% | +0.07% | -0.52% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.6%
Performance Last 4 Quarters
+15.6%
- Stdev
- +9.9%
- Beta
- +0.71
- Alpha
- +1.2%
- Max Drawdown
- -4.2%
- Annualized Perf
- +15.9%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.96
- Stutzer
- +0.45
- Treynor
- +0.22
- Sterling
- +1.14
- Calmar
- +3.81
- Information Ratio
- -0.86
- Tracking Error
- +5.4%
- Stdev Down
- +5.2%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +28.5%
- Worst 12 Months
- +6.2%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.55
- Stdev Sectors
- +7.6%
- Skewness
- -0.32
- Kurtosis
- -0.35
- Upside Potential
- +4.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 358 | $394.0M | 10 | ||
| 2026 Q1 | 335 | $367.5M | 14 | ||
| 2025 Q4 | 333 | $357.2M | 7 | ||
| 2025 Q3 | 333 | $354.0M | 25 | ||
| 2025 Q2 | 339 | $319.7M | 0 | ||
| 2025 Q1 | 405 | $282.4M | 100 | ||
| 2024 Q4 | 385 | $264.4M | 0 | ||
| 2024 Q3 | 378 | $259.7M | 0 | ||
| 2024 Q2 | 388 | $247.7M | 0 | ||
| 2024 Q1 | 432 | $243.8M | 0 | ||
| 2023 Q4 | 431 | $195.9M | 0 | ||
| 2023 Q3 | 379 | $152.9M | 0 | ||
| 2023 Q2 | 390 | $154.4M | 0 | ||
| 2023 Q1 | 366 | $150.2M | 0 | ||
| 2022 Q4 | 360 | $145.8M | 0 | ||
| 2022 Q3 | 330 | $129.1M | 0 | ||
| 2022 Q2 | 361 | $137.3M | 0 | ||
| 2022 Q1 | 308 | $156.8M | 0 | ||
| 2021 Q4 | 332 | $153.2M | 0 | ||
| 2021 Q3 | 316 | $137.4M | 0 | ||
| 2021 Q2 | 329 | $144.4M | 96 | ||
| 2021 Q1 | 298 | $132.7M | 21 | ||
| 2020 Q4 | 276 | $125.3M | 14 | ||
| 2020 Q3 | 273 | $115.9M | 20 | ||
| 2020 Q2 | 292 | $118.1M | 25 | ||
| 2020 Q1 | 284 | $101.4M | 24 | ||
| 2019 Q4 | 312 | $126.9M | 14 | ||
| 2019 Q3 | 322 | $124.1M | 11 | ||
| 2019 Q2 | 309 | $114.5M | 18 | ||
| 2019 Q1 | 314 | $114.4M | 22 | ||
| 2018 Q4 | 267 | $100.0M | 18 | ||
| 2018 Q3 | 271 | $116.0M | 16 | ||
| 2018 Q2 | 268 | $112.2M | 12 | ||
| 2018 Q1 | 266 | $110.4M | 15 | ||
| 2017 Q4 | 272 | $120.8M | 12 | ||
| 2017 Q3 | 276 | $116.4M | 19 | ||
| 2017 Q2 | 285 | $115.8M | 7 | ||
| 2017 Q1 | 286 | $112.5M | 16 | ||
| 2016 Q4 | 285 | $107.1M | 0 |
Holding changes this quarter
Farmers & Merchants Trust Co of Chambersburg PA's most significant position changes for 2026-06-30: Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Corning Inc (GLW); New buy: ; New buy: Dte Energy Company (DTE); Sold out: Intuit Inc (INTU).
Showing top 200 changes by size (of 375 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | +0.5% | -1.38% | Trim |
| 2 | VBK | Vanguard Small-cap Grwth ETF | +0.5% | +1.38% | Add |
| 3 | AMAT | Applied Materials Inc | +0.3% | -12.56% | Trim |
| 4 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.3% | +7.28% | Add |
| 5 | AMD | Advanced Micro Devices | +0.2% | — | Unchanged |
| 6 | VOT | Vanguard Mid-cap Growth ETF | +0.2% | -1.07% | Trim |
| 7 | VBR | Vanguard Small-cap Value ETF | +0.2% | +1.52% | Add |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | -0.31% | Trim |
| 9 | NVDA | Nvidia CORP | +0.2% | +0.58% | Add |
| 10 | SPYV | Ss Spdr P S&p 500 Value ETF | +0.1% | +8.65% | Add |
| 11 | IWP | Ishares Russell Mid-cap Grow | +0.1% | +9.30% | Add |
| 12 | ABBV | Abbvie Inc | +0.1% | +2.61% | Add |
| 13 | EFG | Ishares Msci Eafe Growth ETF | +0.1% | +9.57% | Add |
| 14 | QCOM | Qualcomm Inc | +0.1% | -0.02% | Trim |
| 15 | AVGO | Broadcom Inc | +0.1% | -4.64% | Trim |
| 16 | GS | Goldman Sachs Group Inc | +0.1% | +0.21% | Add |
| 17 | AAPL | Apple Inc | +0.1% | +0.98% | Add |
| 18 | IEMG | Ishares Core Msci Emerging | +0.1% | -0.52% | Trim |
| 19 | XTL | Ss Spdr S&p Telecom ETF | +0.1% | +1.28% | Add |
| 20 | XLI | Ss Industrial Select Sector | +0.1% | +0.53% | Add |
| 21 | DKS | Dick's Sporting Goods Inc | +0.1% | +0.20% | Add |
| 22 | MET | Metlife Inc | +0.1% | -1.88% | Trim |
| 23 | VOE | Vanguard Mid-cap Value ETF | +0.1% | +1.40% | Add |
| 24 | V | Visa Inc-class A Shares | +0.1% | -0.35% | Trim |
| 25 | AMZN | Amazon.com Inc | +0.1% | -0.53% | Trim |
| 26 | ETN | Eaton Corporation plc | +0.1% | -2.00% | Trim |
| 27 | FLOT | Ishares Floating Rate Bond E | 0% | +11.19% | Add |
| 28 | TRV | Travelers Cos Inc/the | 0% | +0.22% | Add |
| 29 | DON | Wisdomtree US Midcap Dividen | 0% | +2.89% | Add |
| 30 | FRAF | Franklin Financial Services | 0% | +171.16% | Add |
| 31 | ✓ | 0% | NEW | New buy | |
| 32 | DTE | Dte Energy Company | 0% | NEW | New buy |
| 33 | EFA | Ishares Msci Eafe ETF | 0% | +3.52% | Add |
| 34 | DGS | Wisdomtree Em Small Cap | 0% | +3.37% | Add |
| 35 | LLY | Eli Lilly & Co | 0% | — | Unchanged |
| 36 | ANET | Arista Networks Inc | 0% | — | Unchanged |
| 37 | NMZ | Nuveen Muni Hi Inc Opport | 0% | NEW | New buy |
| 38 | IBM | Intl Business Machines CORP | 0% | -5.52% | Trim |
| 39 | XLF | Ss Financial Select Sector | 0% | -0.88% | Trim |
| 40 | XLV | Ss Health Care Select Sector | 0% | +1.15% | Add |
| 41 | XLRE | Ss Real Estate Select Sector | 0% | +0.59% | Add |
| 42 | XLY | Ss Consumer Disc Select Sect | 0% | +0.87% | Add |
| 43 | JNJ | Johnson & Johnson | 0% | -0.03% | Trim |
| 44 | NUE | Nucor CORP | 0% | -17.15% | Trim |
| 45 | IWF | Ishares Russell 1000 Growth | 0% | +300.00% | Add |
| 46 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | +11.27% | Add |
| 47 | CMI | Cummins Inc | 0% | — | Unchanged |
| 48 | BNY | Bank Of New York Mellon CORP | 0% | — | Unchanged |
| 49 | ORRF | Orrstown Finl Services Inc | 0% | +18.85% | Add |
| 50 | ELV | Elevance Health Inc | 0% | — | Unchanged |
1–50 of 200
Filing History
FAQ
What is Farmers & Merchants Trust Co of Chambersburg PA and what type of investor is it?
Farmers & Merchants Trust Co of Chambersburg PA is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $394.0M, spread across 358 disclosed positions.
What are Farmers & Merchants Trust Co of Chambersburg PA's largest equity positions?
Based on the latest 13F filing, Farmers & Merchants Trust Co of Chambersburg PA's top holdings by market value are:
1. Vanguard Intermediate-term B (BIV) — $38.5M (9.8%)
2. Ishares 20+ Year Treasury Bd (TLT) — $20.9M (5.3%)
3. Vanguard Small-cap Grwth ETF (VBK) — $14.3M (3.6%)
4. Vanguard Small-cap Value ETF (VBR) — $14.0M (3.5%)
5. Ishares Msci Eafe Value ETF (EFV) — $11.9M (3.0%)
What changes did Farmers & Merchants Trust Co of Chambersburg PA make in its most recent portfolio filing?
In the latest reported quarter, Farmers & Merchants Trust Co of Chambersburg PA made 148 notable position adjustments: 21 new positions were initiated, 51 existing holdings were added to, 65 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Corning Inc (GLW); New buy: ; New buy: Dte Energy Company (DTE); Sold out: Intuit Inc (INTU)
What sectors does Farmers & Merchants Trust Co of Chambersburg PA focus on?
Farmers & Merchants Trust Co of Chambersburg PA is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.4%
• Financials: 16.9%
• Health Care: 10.6%
• Consumer Staples: 8.8%
• Energy: 6.7%
• Industrials: 6.6%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Farmers & Merchants Trust Co of Chambersburg PA returned an annualized 15.9% over the trailing 36 months — outperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.71 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its VBK position over the past two quarters (+$5.0M, now $14.3M), while trimming MSFT over the same stretch (-$1.2M, still holding $5.4M).
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