Institutional Manager · CIK 0001632966

Farmers National Bank

DANVILLE, KY · File #028-16480

Latest AUM

$421.6M

Positions

236

Top-10 Concentration

48.2%

Filings

Portfolio Value Over Time

2024-06

2025-03

2025-06

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	Flexshares Yr. TIPS ETF	FLEX	+237,691	+$5.8M	+$91,184
NEW	Eaton Corporation Plc	ETN	+4,088	+$1.5M	$0
REDUCE	United Parcel Service Inc Class	UPS	-17,574	-$1.5M	-$493,644
ADD	Meta Platforms Inc	META	+1,944	+$1.4M	-$4,003
ADD	Microsoft Corp	MSFT	+2,539	+$1.3M	+$980,045
ADD	Abbvie Inc	ABBV	+5,564	+$1.3M	+$333,562
REDUCE	Broadcom Ltd	AVGO	-3,836	-$1.3M	+$3.5M
ADD	Berkshire Hathaway Inc Class B	BRK-A	+2,491	+$1.3M	+$73,870
ADD	Alphabet Inc Class C	GOOG	+4,490	+$1.1M	+$2.7M
ADD	Cisco Systems Inc	CSCO	+15,581	+$1.1M	-$71,060

Sector Allocation

Technology

28.8%$121.5M

Financials

9.4%$39.8M

Healthcare

8.1%$34.3M

Consumer Discretionary

6.5%$27.4M

3.1%$13.0M

3.1%$13.0M

2.9%$12.4M

0.7%$2.9M

Communication Services

0.6%$2.5M

Utilities

0.4%$1.6M

Filing History

Dec 15, 202513F HOLDINGS REPORTQ/E Dec 2025236 pos · $421.6M
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 2025235 pos · $379.1M
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025209 pos · $342.8M
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025231 pos · $354.5M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024206 pos · $287.9M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024208 pos · $272.7M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024206 pos · $293.1M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024212 pos · $263.1M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024197 pos · $251.0M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024204 pos · $262.9M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024211 pos · $335.3M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024208 pos · $332.0M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024212 pos · $311.8M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024207 pos · $288.7M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024210 pos · $249.4M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024208 pos · $282.3M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024209 pos · $280.4M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024207 pos · $301.8M
Aug 28, 202413F HOLDINGS REPORTQ/E Jun 2024207 pos · $273.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Microsoft Corp	MSFT	50,253	$26.0M	7.89%
2	Apple Inc.	AAPL	96,425	$24.6M	7.45%
3	Broadcom Ltd	AVGO	60,853	$20.1M	6.09%
4	JP Morgan Chase	VYLD	59,895	$18.9M	5.73%
5	Flexshares Yr. TIPS ETF	FLEX	717,611	$17.4M	5.28%
6	Flexshares Glb. Upstream Ntrl.	FLEX	277,193	$12.1M	3.68%
7	Alphabet Inc Class C	GOOG	44,829	$10.9M	3.31%
8	Johnson & Johnson	JNJ	57,819	$10.7M	3.25%
9	Home Depot Inc	HD	23,387	$9.5M	2.87%
10	McDonald's Corp	MCD	28,302	$8.6M	2.61%
11	Visa Inc Class A	V	23,907	$8.2M	2.48%
12	Norfolk Southern Corp	655844108	26,257	$7.9M	2.39%
13	Procter & Gamble Co	742718109	49,120	$7.5M	2.29%
14	International Business Machines	INTR	25,698	$7.3M	2.20%
15	Chevron Corp	CVX	46,338	$7.2M	2.18%
16	Honeywell International Inc	438516106	33,103	$7.0M	2.11%
17	Walt Disney Co	254687106	54,678	$6.3M	1.90%
18	Cisco Systems Inc	CSCO	89,602	$6.1M	1.86%
19	Allstate Corp	ALL-PJ	25,970	$5.6M	1.69%
20	Accenture Plc Class A	ACN	21,751	$5.4M	1.63%