# Norwood Financial Corp

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1013272. Source: https://holderbook.com/funds/1013272-norwood-financial-corp/

- Reported value: $69.3M
- Positions: 287
- Weight of the ten largest: 40.9%
- Filed: 2024-04-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NORWOOD FINANCIAL CORP | [NWFL](https://holderbook.com/stocks/NWFL/) | $11.6M | 424,801 | 16.7% | 10 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $3.3M | 9,600 | 4.8% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.4M | 5,649 | 3.4% | 10 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $2.1M | 15,953 | 3.0% | 10 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.9M | 9,295 | 2.8% | 10 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.7M | 10,285 | 2.4% | 10 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.5M | 4,204 | 2.2% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.4M | 7,625 | 2.0% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.3M | 7,415 | 1.8% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.2M | 2,960 | 1.8% | 10 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.1M | 6,210 | 1.6% | 10 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $1.1M | 1,569 | 1.6% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.0M | 6,459 | 1.5% | 10 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $997.3K | 3,915 | 1.4% | 10 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $915.8K | 3,413 | 1.3% | 10 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $907.6K | 4,358 | 1.3% | 10 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $881.9K | 5,970 | 1.3% | 10 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $851.0K | 6,775 | 1.2% | 10 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $812.1K | 7,145 | 1.2% | 10 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $752.2K | 8,243 | 1.1% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $731.7K | 12,160 | 1.1% | 10 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $681.0K | 3,566 | 1.0% | 10 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $676.7K | 8,753 | 1.0% | 10 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $651.3K | 3,293 | 0.9% | 10 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $638.7K | 5,279 | 0.9% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $613.9K | 12,303 | 0.9% | 10 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $601.7K | 1,465 | 0.9% | 10 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $583.3K | 7,185 | 0.8% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $574.3K | 2,210 | 0.8% | 10 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $548.8K | 4,159 | 0.8% | 10 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $504.4K | 4,926 | 0.7% | 10 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $499.7K | 3,080 | 0.7% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $477.3K | 4,106 | 0.7% | 10 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $464.4K | 2,080 | 0.7% | 10 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $462.7K | 7,563 | 0.7% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $454.7K | 9,066 | 0.7% | 10 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $442.2K | 1,501 | 0.6% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $442.1K | 2,207 | 0.6% | 10 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $429.5K | 3,631 | 0.6% | 10 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $425.9K | 3,755 | 0.6% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $397.4K | 1,036 | 0.6% | 10 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $392.4K | 2,455 | 0.6% | 10 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $389.4K | 2,225 | 0.6% | 10 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $374.5K | 1,534 | 0.5% | 10 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $371.0K | 4,652 | 0.5% | 10 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $352.8K | 2,612 | 0.5% | 10 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $345.7K | 760 | 0.5% | 10 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $339.4K | 1,715 | 0.5% | 10 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $323.8K | 4,240 | 0.5% | 10 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $322.9K | 1,756 | 0.5% | 10 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $298.3K | 4,158 | 0.4% | 10 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $295.2K | 3,426 | 0.4% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $286.4K | 6,858 | 0.4% | 10 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $274.9K | 1,731 | 0.4% | 10 |
| VANGUARD WELLINGTON FD | [VFMO](https://holderbook.com/stocks/VFMO/) | $274.3K | 1,813 | 0.4% | 10 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $273.6K | 2,675 | 0.4% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $269.7K | 6,429 | 0.4% | 10 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $262.0K | 2,885 | 0.4% | 10 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $259.3K | 2,672 | 0.4% | 10 |
| VANECK ETF TRUST | [IBOT](https://holderbook.com/stocks/IBOT/) | $256.3K | 5,825 | 0.4% | 2 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $242.1K | 895 | 0.3% | 10 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $242.0K | 1,184 | 0.3% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $241.3K | 1,530 | 0.3% | 10 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $239.0K | 3,740 | 0.3% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $232.8K | 445 | 0.3% | 10 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $228.1K | 1,132 | 0.3% | 4 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $227.5K | 434 | 0.3% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $217.6K | 7,843 | 0.3% | 10 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $215.9K | 1,453 | 0.3% | 10 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $207.3K | 2,575 | 0.3% | 10 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $202.8K | 1,835 | 0.3% | 10 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $191.8K | 900 | 0.3% | 10 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $185.2K | 1,455 | 0.3% | 10 |
| CELANESE CORP DEL | [CE](https://holderbook.com/stocks/CE/) | $181.3K | 1,055 | 0.3% | 10 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $181.3K | 1,620 | 0.3% | 10 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $176.9K | 2,415 | 0.3% | 10 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $174.7K | 4,150 | 0.3% | 10 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $174.4K | 300 | 0.3% | 10 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $173.4K | 1,216 | 0.3% | 10 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $172.8K | 1,830 | 0.2% | 10 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $171.6K | 5,679 | 0.2% | 10 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $170.4K | 2,436 | 0.2% | 10 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $169.1K | 1,345 | 0.2% | 10 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $166.6K | 575 | 0.2% | 10 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $165.5K | 3,053 | 0.2% | 10 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $162.7K | 340 | 0.2% | 10 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $162.0K | 9,213 | 0.2% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $161.6K | 4,262 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $159.8K | 613 | 0.2% | 10 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $150.4K | 1,950 | 0.2% | 10 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $147.3K | 3,335 | 0.2% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $143.9K | 945 | 0.2% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $139.2K | 105 | 0.2% | 10 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $138.8K | 550 | 0.2% | 10 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $138.4K | 1,607 | 0.2% | 10 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $136.9K | 4,974 | 0.2% | 10 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $135.6K | 765 | 0.2% | 10 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $131.1K | 1,300 | 0.2% | 10 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $129.8K | 702 | 0.2% | 9 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $129.6K | 500 | 0.2% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +3.6% | +10.0% | -6.5% | 100% |
| Q4 2023 | +12.5% | +11.2% | +1.4% | 100% |
| Q3 2023 | -5.5% | -3.6% | -1.9% | 100% |
| Q2 2023 | +3.8% | +8.3% | -4.4% | 100% |
| Q1 2023 | -0.1% | +7.0% | -7.1% | 100% |
| Q4 2022 | +14.3% | +7.1% | +7.2% | 100% |
| Q3 2022 | -3.1% | -5.3% | +2.2% | 100% |
| Q2 2022 | -13.1% | -16.5% | +3.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $69.3M | 287 |
| Q4 2023 | $66.0M | 279 |
| Q3 2023 | $61.8M | 284 |
| Q2 2023 | $66.8M | 285 |
| Q1 2023 | $63.1M | 281 |
| Q4 2022 | $63.5M | 280 |
| Q3 2022 | $56.5M | 277 |
| Q2 2022 | $58.7M | 263 |
| Q1 2022 | $68.9M | 262 |
| Q4 2021 | $72.1M | 269 |