Institutional Manager · CIK 0001697375

Farmers & Merchants Trust Co of Chambersburg PA

CHAMBERSBURG, PA · File #028-17642

Latest AUM

$357,233

Positions

333

Top-10 Concentration

42.1%

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	Select Sector SPDR Tr	81369Y886	+89,198	+$3,808	-$1,843
ADD	Select Sector SPDR Tr	81369Y803	+21,727	+$3,128	-$2,970
EXITED	Intercontinental Exchange In	45866F104	-14,374	-$2,422	$0
ADD	Select Sector SPDR Tr	81369Y506	+30,391	+$1,359	-$1,392
ADD	Select Sector SPDR Tr	81369Y407	+10,981	+$1,311	-$1,312
ADD	Select Sector SPDR Tr	81369Y100	+22,511	+$1,021	-$996
ADD	SRDR Series Trust	78464A409	+9,053	+$966	+$92
ADD	SRDR Series Trust	78464A508	+16,957	+$963	+$113
REDUCE	SPDR S&P 500 ETF TR	SPY	-853	-$582	+$52
ADD	iShares Tr	464287432	+6,497	+$566	-$439

Sector Allocation

8.6%$30,805

4.6%$16,567

3.1%$10,959

2.2%$7,944

2.2%$7,831

2.0%$7,210

Consumer Discretionary

1.2%$4,457

Utilities

1.0%$3,611

Materials

0.7%$2,486

Communication Services

0.2%$697

Real Estate

0.1%$218

Filing History

Feb 2, 202613F HOLDINGS REPORTQ/E Dec 2025333 pos · $357,233
Oct 27, 202513F HOLDINGS REPORTQ/E Sep 2025333 pos · $353,984
Jul 10, 202513F HOLDINGS REPORTQ/E Jun 2025339 pos · $319,714
Apr 25, 202513F HOLDINGS REPORTQ/E Mar 2025405 pos · $282,358
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 2024386 pos · $264,377
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 2024378 pos · $259,661
Jul 23, 202413F HOLDINGS REPORTQ/E Jun 2024388 pos · $247,655
Apr 26, 202413F HOLDINGS REPORTQ/E Mar 2024433 pos · $243,834
Oct 17, 202313F HOLDINGS REPORTQ/E Dec 2023379 pos · $152,866

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Vanguard Bd Index Fds	921937819	456,340	$35,540	11.87%
2	iShares Tr	464287432	205,050	$17,872	5.97%
3	iShares Tr	464288877	143,955	$10,280	3.43%
4	Vanguard Index Fds	922908611	46,437	$9,835	3.29%
5	Vanguard Index Fds	922908512	54,855	$9,730	3.25%
6	Fidelity Covington Trust	31609A404	255,873	$9,360	3.13%
7	Vanguard Index Fds	922908595	30,498	$9,214	3.08%
8	Nvidia Corporation	NVDA	44,173	$8,238	2.75%
9	Vanguard Scottsdale Fds	92206C870	96,145	$8,052	2.69%
10	SRDR Series Trust	78468R663	85,234	$7,789	2.60%
11	SPDR Gold Tr	GLD	19,434	$7,702	2.57%
12	SRDR Series Trust	78468R408	296,984	$7,520	2.51%
13	Vanguard Index Fds	922908538	25,971	$7,250	2.42%
14	Microsoft Corp	MSFT	13,750	$6,650	2.22%
15	Select Sector SPDR Tr	81369Y803	43,265	$6,229	2.08%
16	Alphabet Inc	GOOG	18,878	$5,909	1.97%
17	JPMorgan Chase & Co.	VYLD	18,285	$5,892	1.97%
18	Broadcom Inc	AVGO	16,458	$5,696	1.90%
19	Walmart Inc	WMT	50,501	$5,626	1.88%
20	Select Sector SPDR Tr	81369Y886	130,596	$5,575	1.86%