Institutional Manager · CIK 0000826154

ORRSTOWN FINANCIAL SERVICES INC

Harrisburg, PA · File #028-13107

Latest AUM

$599.8M

Positions

126

Top-10 Concentration

80.5%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	JPMorgan Active Value	46641Q167	+814,688	+$58.4M	+$271
REDUCE	Invesco Russell 1000 Dynamic Multifactor	IVZ	-927,638	-$56.7M	+$806,210
ADD	Avantis U.S. Small Cap Value	025072877	+340,540	+$34.7M	+$179
ADD	Vanguard Intermediate Term Bond ETF	921937819	+18,238	+$1.4M	-$12,926
ADD	Netflix Inc	NFLX	+10,663	+$999,763	-$1.2M
ADD	JPMorgan Active Growth	46654Q609	+9,537	+$885,034	-$195,735
ADD	iShares MSCI ACWI ex US ETF	464288240	+12,234	+$821,268	+$53,977
REDUCE	Apple Inc.	AAPL	-2,623	-$713,089	+$463,901
ADD	ServiceNow Inc	NOW	+4,623	+$708,197	-$853,771
EXITED	Waste Management Inc	94106L109	-3,036	-$670,440	$0

Sector Allocation

Financials

10.5%$63.2M

Technology

5.6%$33.6M

Healthcare

1.7%$10.0M

Consumer Discretionary

1.4%$8.5M

Industrials

1.1%$6.9M

Communication Services

0.6%$3.3M

Consumer Staples

0.6%$3.3M

Energy

0.5%$3.1M

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 2025126 pos · $599.8M
Oct 10, 202513F HOLDINGS REPORTQ/E Sep 2025135 pos · $584.4M
Jul 11, 202513F HOLDINGS REPORTQ/E Jun 2025146 pos · $474.7M
Apr 14, 202513F HOLDINGS REPORTQ/E Mar 2025138 pos · $420.1M
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 2024152 pos · $372.7M
Oct 24, 202413F HOLDINGS REPORTQ/E Sep 2024161 pos · $338.5M
Jul 12, 202413F HOLDINGS REPORTQ/E Jun 202483 pos · $189.4M
Apr 4, 202413F HOLDINGS REPORTQ/E Mar 202484 pos · $179.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	iShares Core S&P 500 Index Fund	464287200	153,449	$105.1M	18.99%
2	Vanguard Core Bond	922020748	816,193	$63.6M	11.49%
3	JPMorgan Active Value	46641Q167	814,786	$58.4M	10.56%
4	Invesco Russell 1000 Dynamic Multifactor	IVZ	895,887	$54.8M	9.90%
5	Fidelity Enhanced International	31609A404	1,459,555	$53.4M	9.65%
6	Avantis U.S. Small Cap Value	025072877	340,613	$34.7M	6.28%
7	Goldman Sachs Small Cap Equity ETF	NVGLF	439,692	$23.9M	4.32%
8	JPMorgan Equity Premium Income	46641Q332	412,277	$23.6M	4.26%
9	JPMorgan Active Growth	46654Q609	215,573	$20.0M	3.62%
10	JPMorgan Hedged Equity Laddered Overlay	46654Q724	119,354	$7.9M	1.43%
11	Microsoft Corp	MSFT	14,350	$6.9M	1.25%
12	Apple Inc.	AAPL	24,301	$6.6M	1.19%
13	Vanguard Intermediate Term Bond ETF	921937819	79,792	$6.2M	1.12%
14	Alphabet Inc	GOOG	19,525	$6.1M	1.10%
15	NVIDIA Corp	NVDA	27,690	$5.2M	0.93%
16	iShares Core MSCI EAFE ETF	46432F842	50,662	$4.5M	0.82%
17	Amazon com	AMZN	17,340	$4.0M	0.72%
18	GE AEROSPACE	369604301	12,678	$3.9M	0.71%
19	iShares Core MSCI Emerging Markets ETF	46434G103	54,029	$3.6M	0.66%
20	Vanguard Small-Cap Index Fund	922908751	13,559	$3.5M	0.63%