Farmers & Merchants Trust Co of Chambersburg PA
Long book
$367.5M
Q1 2026
Positions
335
Top-10 weight
38%
concentration
Last quarter
+7.6%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsFarmers & Merchants Trust Co of Chambersburg PA is a wealth-management firm allocating client money, running a $367.5M US long book across 335 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD INTERMEDIATE-TERM B, ISHARES 20+ YEAR TREASURY BD, VANGUARD SMALL-CAP VALUE ETF, VANGUARD SMALL-CAP GRWTH ETF, ISHARES MSCI EAFE VALUE ETF.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+6.8%
Q3 2024
-1.3%
Q4 2024
+0.5%
Q1 2025
+7.4%
Q2 2025
+6.7%
Q3 2025
+1.7%
Q4 2025
+0.4%
Q1 2026
+7.6%
Sector allocation
Technology 31%
Financials 13%
Consumer discretionary 13%
Industrials 9%
Healthcare 9%
Energy 8%
Utilities 7%
Services media 3%
Long book by quarter
What does Farmers & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 43.4K | $7.6M | 2.1% | -1.7% |
| MSFT MICROSOFT CORP | Technology | 14.8K | $5.5M | 1.5% | +7.8% |
| WMT WALMART INC | Consumer discretionary | 43.1K | $5.4M | 1.5% | -14.6% |
| JPM JPMORGAN CHASE & CO | Financials | 17.6K | $5.2M | 1.4% | -3.9% |
| CVX CHEVRON CORP | Energy | 23.3K | $4.8M | 1.3% | -6.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 19.5K | $4.8M | 1.3% | -11.0% |
| AVGO BROADCOM INC | Technology | 14.9K | $4.6M | 1.3% | -9.4% |
| GOOGL ALPHABET INC-CL A | Technology | 15.7K | $4.5M | 1.2% | -16.7% |
| AAPL APPLE INC | Technology | 16.4K | $4.2M | 1.1% | +0.7% |
| ABBV ABBVIE INC | Healthcare | 17.9K | $3.9M | 1.1% | -6.9% |
| V VISA INC-CLASS A SHARES | Services media | 12.6K | $3.8M | 1.0% | +2.0% |
| RTX RTX CORP | Industrials | 19.5K | $3.8M | 1.0% | -12.7% |
| ORCL ORACLE CORP | Technology | 22.7K | $3.3M | 0.9% | +30.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 15.7K | $3.3M | 0.9% | -0.5% |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.8K | $3.2M | 0.9% | -4.2% |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 15.6K | $3.1M | 0.8% | -1.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 12.5K | $3.0M | 0.8% | +5.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.9K | $2.9M | 0.8% | -3.3% |
| TRV TRAVELERS COS INC/THE | Financials | 9.2K | $2.7M | 0.7% | -11.7% |
| SO SOUTHERN CO/THE | Utilities | 27.4K | $2.6M | 0.7% | -3.3% |
| XOM EXXON MOBIL CORP | Energy | 14.3K | $2.4M | 0.7% | -2.4% |
| MET METLIFE INC | Financials | 32.4K | $2.3M | 0.6% | +8.3% |
| PPL PPL CORP | Utilities | 48.2K | $1.8M | 0.5% | -2.8% |
| ETN EATON CORP PLC | Industrials | 5.2K | $1.8M | 0.5% | -24.7% |
| NUE NUCOR CORP | Industrials | 10.3K | $1.7M | 0.5% | -15.9% |
| AMAT APPLIED MATERIALS INC | Technology | 4.5K | $1.6M | 0.4% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 10.3K | $1.5M | 0.4% | +3.7% |
| NEE NEXTERA ENERGY INC | Utilities | 15.5K | $1.4M | 0.4% | +4.4% |
| VLO VALERO ENERGY CORP | Energy | 5.8K | $1.4M | 0.4% | -8.7% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 10.6K | $1.4M | 0.4% | -24.7% |
| QCOM QUALCOMM INC | Technology | 9.4K | $1.2M | 0.3% | -55.6% |
| BLK BLACKROCK INC | Financials | 1.2K | $1.2M | 0.3% | -6.3% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 3.9K | $1.1M | 0.3% | +7.7% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 12.3K | $994K | 0.3% | -11.1% |
| KO COCA-COLA CO/THE | Consumer staples | 10.5K | $799K | 0.2% | -2.8% |
| MDT MEDTRONIC PLC | Healthcare | 8.9K | $770K | 0.2% | +26.4% |
| PEP PEPSICO INC | Consumer staples | 3.5K | $545K | 0.1% | -10.3% |
| MRK MERCK & CO. INC. | Healthcare | 4.2K | $504K | 0.1% | -8.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 2.4K | $493K | 0.1% | +26.0% |
| WM WASTE MANAGEMENT INC | Utilities | 2.0K | $452K | 0.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 765 | $438K | 0.1% | Held |
| CEG CONSTELLATION ENERGY | Utilities | 1.5K | $412K | 0.1% | -1.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 3.9K | $404K | 0.1% | Held |
| MPC MARATHON PETROLEUM CORP | Energy | 1.6K | $395K | 0.1% | Held |
| NSC NORFOLK SOUTHERN CORP | Industrials | 1.4K | $387K | 0.1% | Held |
| PSX PHILLIPS 66 | Energy | 2.1K | $386K | 0.1% | -8.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.9K | $322K | 0.1% | -17.5% |
| LLY ELI LILLY & CO | Healthcare | 346 | $318K | 0.1% | +2.4% |
| GOOG ALPHABET INC-CL C | Technology | 1.0K | $300K | 0.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 483 | $292K | 0.1% | -20.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | Apr 29, 2026 | 335 | $367.5M | $K fixed canonical | SEC ↗ |
| Q1 2026 | 13F-HR | Apr 23, 2026 | 333 | $357K | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 333 | $357.2M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 333 | $354.0M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 10, 2025 | 339 | $319.7M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 405 | $282.4M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 386 | $264.4M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 378 | $259.7M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 388 | $247.7M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 433 | $243.8M | $K fixed canonical | SEC ↗ |