# Farmers & Merchants Trust Co of Chambersburg PA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1697375. Source: https://holderbook.com/funds/1697375-farmers-merchants-trust-co-of-chambersburg-pa/

- Reported value: $394.0M
- Positions: 358
- Weight of the ten largest: 37.4%
- Filed: 2026-07-24

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 |
|---|---|---|---|---|---|
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $38.5M | 501,701 | 9.8% | 13 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $20.9M | 241,494 | 5.3% | 13 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $14.3M | 38,990 | 3.6% | 14 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $14.0M | 57,438 | 3.5% | 18 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $11.9M | 155,426 | 3.0% | 15 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $11.7M | 59,325 | 3.0% | 18 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $10.0M | 248,587 | 2.5% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.7M | 43,659 | 2.2% | 24 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $8.7M | 28,441 | 2.2% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $8.6M | 104,323 | 2.2% | 10 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $8.6M | 93,521 | 2.2% | 10 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $8.3M | 331,875 | 2.1% | 10 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $7.9M | 21,324 | 2.0% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $7.6M | 40,142 | 1.9% | 31 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $6.6M | 55,480 | 1.7% | 15 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $6.2M | 101,806 | 1.6% | 13 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $5.8M | 127,761 | 1.5% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.6M | 15,667 | 1.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.6M | 17,021 | 1.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.4M | 14,544 | 1.4% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.4M | 14,212 | 1.4% | 24 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $4.9M | 43,110 | 1.2% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.8M | 19,075 | 1.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.8M | 16,585 | 1.2% | 31 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $4.7M | 91,436 | 1.2% | 13 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $4.6M | 55,815 | 1.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.6M | 18,383 | 1.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $4.4M | 55,207 | 1.1% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.3M | 12,562 | 1.1% | 31 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $4.2M | 43,935 | 1.1% | 10 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $4.1M | 76,279 | 1.0% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.8M | 23,175 | 1.0% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.8M | 3,781 | 1.0% | 13 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $3.7M | 34,766 | 0.9% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.7M | 15,573 | 0.9% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.7M | 19,395 | 0.9% | 25 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $3.6M | 28,633 | 0.9% | 13 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $3.5M | 15,647 | 0.9% | 22 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $3.5M | 18,950 | 0.9% | 31 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $3.4M | 23,212 | 0.9% | 15 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.3M | 11,819 | 0.8% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.3M | 20,932 | 0.8% | 22 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $3.3M | 75,289 | 0.8% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.3M | 22,575 | 0.8% | 31 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $3.0M | 9,240 | 0.8% | 31 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $2.9M | 51,966 | 0.7% | 12 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.9M | 54,618 | 0.7% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $2.9M | 51,240 | 0.7% | 13 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.9M | 3,970 | 0.7% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.8M | 33,703 | 0.7% | 2 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $2.7M | 31,815 | 0.7% | 23 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.6M | 2,830 | 0.7% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.6M | 27,026 | 0.7% | 31 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $2.5M | 21,423 | 0.6% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.4M | 23,499 | 0.6% | 31 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $2.3M | 45,960 | 0.6% | 14 |
| SPDR SERIES TRUST | [XTL](https://holderbook.com/stocks/XTL/) | $2.2M | 9,459 | 0.5% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.2M | 5,047 | 0.5% | 31 |
| WISDOMTREE TR | [DGS](https://holderbook.com/stocks/DGS/) | $2.1M | 32,753 | 0.5% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.9M | 13,986 | 0.5% | 31 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $1.9M | 8,540 | 0.5% | 31 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $1.8M | 48,756 | 0.4% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.7M | 9,433 | 0.4% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $1.5M | 10,603 | 0.4% | 31 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.5M | 5,897 | 0.4% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.5M | 10,171 | 0.4% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4M | 2,422 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.4M | 15,460 | 0.3% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $1.2M | 1,253 | 0.3% | 7 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.2M | 3,999 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.1M | 1,540 | 0.3% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.1M | 13,156 | 0.3% | 13 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $1.0M | 12,630 | 0.3% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $831.0K | 10,220 | 0.2% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $805.0K | 6,484 | 0.2% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $722.0K | 9,234 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $512.0K | 3,988 | 0.1% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $462.0K | 4,186 | 0.1% | 17 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $431.0K | 765 | 0.1% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $427.0K | 3,152 | 0.1% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $425.0K | 1,350 | 0.1% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $415.0K | 346 | 0.1% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $405.0K | 1,818 | 0.1% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $403.0K | 1,664 | 0.1% | 9 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $382.0K | 1,493 | 0.1% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $381.0K | 4,204 | 0.1% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $357.0K | 1,439 | 0.1% | 17 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $353.0K | 1,950 | 0.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $352.0K | 995 | 0.1% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $340.0K | 2,000 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $338.0K | 4,192 | 0.1% | 31 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $335.0K | 1,984 | 0.1% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $328.0K | 2,265 | 0.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $312.0K | 886 | 0.1% | 31 |
| QORVO INC | [QRVO](https://holderbook.com/stocks/QRVO/) | $303.0K | 3,247 | 0.1% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $285.0K | 400 | 0.1% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $278.0K | 1,550 | 0.1% | 30 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $268.0K | 2,117 | 0.1% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $254.0K | 1,152 | 0.1% | 31 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $250.0K | 3,000 | 0.1% | 16 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +6.7% | +14.8% | -8.1% | 100% |
| Q1 2026 | -0.1% | -4.6% | +4.5% | 100% |
| Q4 2025 | +0.9% | +2.4% | -1.5% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.8% | 100% |
| Q1 2025 | -0.0% | -4.6% | +4.5% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.2% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $394.0M | 358 |
| Q1 2026 | $367.5M | 334 |
| Q4 2025 | $357.2M | 333 |
| Q3 2025 | $354.0M | 333 |
| Q2 2025 | $319.7M | 339 |
| Q1 2025 | $282.4M | 405 |
| Q4 2024 | $264.4M | 385 |
| Q3 2024 | $259.7M | 378 |
| Q2 2024 | $247.7M | 388 |
| Q1 2024 | $243.8M | 432 |
| Q4 2023 | $195.9M | 431 |
| Q3 2023 | $152.9M | 379 |