# Strategic Financial Services, Inc.

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 1432539. Source: https://holderbook.com/funds/1432539-strategic-financial-services-inc/

- Reported value: $2.1B
- Positions: 150
- Weight of the ten largest: 74.0%
- Filed: 2026-05-08

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 |
|---|---|---|---|---|---|
| ISHARES TR | [INTF](https://holderbook.com/stocks/INTF/) | $339.0M | 8,700,431 | 16.1% | 30 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $289.6M | 3,836,442 | 13.8% | 30 |
| ISHARES TR | [LRGF](https://holderbook.com/stocks/LRGF/) | $263.4M | 3,990,874 | 12.5% | 30 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $161.0M | 2,703,579 | 7.7% | 15 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $115.0M | 1,451,149 | 5.5% | 30 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $114.0M | 1,885,974 | 5.4% | 30 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $73.4M | 1,468,510 | 3.5% | 6 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $72.4M | 1,308,320 | 3.4% | 12 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $71.9M | 869,001 | 3.4% | 13 |
| VANGUARD WELLINGTON FD | [VFMO](https://holderbook.com/stocks/VFMO/) | $56.3M | 285,538 | 2.7% | 29 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $54.1M | 225,567 | 2.6% | 22 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $54.1M | 583,756 | 2.6% | 17 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $44.0M | 833,500 | 2.1% | 13 |
| ISHARES INC | [EUSA](https://holderbook.com/stocks/EUSA/) | $39.0M | 383,497 | 1.9% | 6 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $38.4M | 890,002 | 1.8% | 24 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $34.5M | 589,560 | 1.6% | 2 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $29.0M | 271,848 | 1.4% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.2M | 67,807 | 0.8% | 30 |
| ISHARES TR | [SIZE](https://holderbook.com/stocks/SIZE/) | $16.2M | 101,724 | 0.8% | 4 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $14.7M | 224,112 | 0.7% | 25 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $12.2M | 97,705 | 0.6% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.7M | 33,988 | 0.5% | 30 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $9.6M | 222,255 | 0.5% | 16 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $7.9M | 37,146 | 0.4% | 6 |
| GOLDMAN SACHS ETF TR | [GSSC](https://holderbook.com/stocks/GSSC/) | $7.4M | 99,225 | 0.4% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.3M | 24,789 | 0.3% | 30 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $7.2M | 4,919 | 0.3% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.1M | 16,407 | 0.3% | 30 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $5.9M | 6,764 | 0.3% | 30 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.8M | 15,992 | 0.2% | 30 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.0M | 9,364 | 0.2% | 30 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $3.8M | 29,736 | 0.2% | 30 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.5M | 12,479 | 0.2% | 19 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.5M | 23,878 | 0.2% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.4M | 20,080 | 0.2% | 30 |
| J P MORGAN EXCHANGE TRADED F | [JMOM](https://holderbook.com/stocks/JMOM/) | $3.3M | 48,587 | 0.2% | 17 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $3.0M | 3,164 | 0.1% | 6 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $3.0M | 32,166 | 0.1% | 30 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.0M | 2,978 | 0.1% | 30 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $2.8M | 13,609 | 0.1% | 30 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.8M | 8,598 | 0.1% | 30 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.7M | 3,146 | 0.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.4M | 8,507 | 0.1% | 30 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.4M | 6,447 | 0.1% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.4M | 1,641 | 0.1% | 28 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $2.3M | 87,903 | 0.1% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.3M | 19,006 | 0.1% | 30 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 9,059 | 0.1% | 30 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.1M | 13,358 | 0.1% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.1M | 10,045 | 0.1% | 30 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.1M | 4,252 | 0.1% | 4 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.0M | 38,588 | 0.1% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 4,198 | 0.1% | 30 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.0M | 25,725 | 0.1% | 25 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.0M | 15,160 | 0.1% | 30 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.9M | 24,599 | 0.1% | 30 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8M | 10,463 | 0.1% | 13 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.8M | 422 | 0.1% | 30 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $1.5M | 15,208 | 0.1% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.5M | 9,553 | 0.1% | 30 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.5M | 29,650 | 0.1% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.4M | 21,201 | 0.1% | 24 |
| ALPS ETF TR | [SBIO](https://holderbook.com/stocks/SBIO/) | $1.3M | 24,869 | 0.1% | 18 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $1.3M | 6,600 | 0.1% | 30 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.3M | 2,943 | 0.1% | 29 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $1.2M | 11,713 | 0.1% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.2M | 5,448 | 0.1% | 30 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $1.1M | 2,183 | 0.1% | 30 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1M | 1,702 | 0.1% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.1M | 5,857 | 0.1% | 30 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.1M | 4,332 | 0.0% | 30 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.0M | 14,608 | 0.0% | 30 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $993.9K | 2,331 | 0.0% | 30 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $927.5K | 6,421 | 0.0% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $903.6K | 4,155 | 0.0% | 30 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $900.6K | 3,136 | 0.0% | 13 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $891.3K | 9,845 | 0.0% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $885.4K | 1,772 | 0.0% | 8 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $875.6K | 1,035 | 0.0% | 21 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $851.1K | 1,511 | 0.0% | 30 |
| PUTNAM ETF TRUST | [FTNY](https://holderbook.com/stocks/FTNY/) | $849.8K | 108,955 | 0.0% | 1 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $843.4K | 5,125 | 0.0% | 25 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $843.0K | 6,783 | 0.0% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $840.5K | 15,550 | 0.0% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $806.1K | 1,409 | 0.0% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $770.9K | 2,849 | 0.0% | 30 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $680.2K | 2,087 | 0.0% | 8 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $665.6K | 10,658 | 0.0% | 20 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $662.7K | 2,132 | 0.0% | 12 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $660.4K | 2,566 | 0.0% | 24 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $582.6K | 6,199 | 0.0% | 8 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $572.3K | 5,765 | 0.0% | 1 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $568.0K | 3,988 | 0.0% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $559.0K | 4,111 | 0.0% | 3 |
| NORWOOD FINANCIAL CORP | [NWFL](https://holderbook.com/stocks/NWFL/) | $528.7K | 17,972 | 0.0% | 23 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $513.3K | 1,895 | 0.0% | 30 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $512.6K | 2,523 | 0.0% | 30 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $510.2K | 908 | 0.0% | 18 |
| COMMUNITY FINANCIAL SYSTEM I | [CBU](https://holderbook.com/stocks/CBU/) | $509.4K | 8,686 | 0.0% | 30 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $485.1K | 1,475 | 0.0% | 29 |

## 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 2026 | +0.3% | -4.6% | +5.0% | 96% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.1% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 100% |
| Q1 2025 | +0.7% | -4.6% | +5.3% | 100% |
| Q4 2024 | -2.4% | +2.1% | -4.5% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 100% |
| Q2 2024 | +0.3% | +4.0% | -3.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $2.1B | 150 |
| Q4 2025 | $2.2B | 144 |
| Q3 2025 | $2.0B | 142 |
| Q2 2025 | $1.9B | 138 |
| Q1 2025 | $1.7B | 133 |
| Q4 2024 | $1.7B | 136 |
| Q3 2024 | $1.7B | 141 |
| Q2 2024 | $1.6B | 131 |
| Q1 2024 | $1.5B | 126 |
| Q4 2023 | $1.4B | 127 |
| Q3 2023 | $1.3B | 120 |
| Q2 2023 | $1.3B | 122 |