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Institutional Investment Manager
ORRSTOWN FINANCIAL SERVICES INC
ORRSTOWN FINANCIAL SERVICES INC (CIK: 0000826154) incorporated in Pennsylvania, registered under State Commercial Banks, located at 4750 Lindle Rd, Harrisburg, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Portfolio Summary: 237 holdings with a total value of $85,250,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 TEVA PHARMACEUTICAL INDS LTD 13,659 771,000 0.90%
52 STARBUCKS CORP 13,441 764,000 0.90%
53 CVS HEALTH CORP 7,553 729,000 0.86%
54 CIGNA CORPORATION 5,377 726,000 0.85%
55 CUMMINS INC 6,595 716,000 0.84%
56 ALLSTATE CORP 12,197 710,000 0.83%
57 ROYAL CARIBBEAN GROUP 7,900 704,000 0.83%
58 GOLDMAN SACHS GROUP INC 3,935 684,000 0.80%
59 LOCKHEED MARTIN CORP 2,855 592,000 0.69%
60 SPDR S&P MIDCAP 400 ETF TR 2,350 585,000 0.69%
61 KINDER MORGAN INC DEL 21,056 583,000 0.68%
62 UNION PAC CORP 6,568 581,000 0.68%
63 DOW CHEM CO 13,353 566,000 0.66%
64 SCHLUMBERGER LTD 8,092 558,000 0.65%
65 M & T BK CORP 4,261 520,000 0.61%
66 SPDR S&P 500 ETF TR 2,545 488,000 0.57%
67 INTERNATIONAL FLAVORS&FRAGRA 4,403 455,000 0.53%
68 MIDDLEBY CORP 4,000 421,000 0.49%
69 VANGUARD WORLD FD 3,325 408,000 0.48%
70 OLD DOMINION FREIGHT LINE IN 6,500 397,000 0.47%
71 PPL CORP 11,602 381,000 0.45%
72 Juniata Valley Financial Corp 16,722 306,000 0.36%
73 AT&T INC 9,289 302,000 0.35%
74 ISHARES RUSSELL 1000 ETF 2,636 282,000 0.33%
75 CARLISLE COS INC 3,200 280,000 0.33%
76 MONDELEZ INTL INC 6,590 276,000 0.32%
77 WENDYS CO 31,000 268,000 0.31%
78 UNITEDHEALTH GROUP INC 2,300 267,000 0.31%
79 SPDR SER TR 3,657 264,000 0.31%
80 BB&T CORP 6,925 246,000 0.29%
81 ISHARES TR 3,752 215,000 0.25%
82 VANGUARD BD INDEX FDS 2,215 188,000 0.22%
83 HERSHEY CO 1,770 163,000 0.19%
84 VANGUARD SCOTTSDALE FDS 1,993 159,000 0.19%
85 COLGATE PALMOLIVE CO 2,400 152,000 0.18%
86 FULTON FINL CORP PA 12,500 151,000 0.18%
87 POWERSHARES QQQ TRUST 1,450 148,000 0.17%
88 KRAFT HEINZ CO 1,962 138,000 0.16%
89 COCA COLA CO 3,000 120,000 0.14%
90 PFIZER INC 3,447 108,000 0.13%
91 VANGUARD INDEX FDS 990 107,000 0.13%
92 LILLY ELI & CO 1,274 107,000 0.13%
93 FRANKLIN FINL SVCS CP COM 4,439 102,000 0.12%
94 ISHARES TR 931 102,000 0.12%
95 SPDR GOLD TR 930 99,000 0.12%
96 BERKSHIRE HATHAWAY INC DEL 750 98,000 0.11%
97 ISHARES TR 1,009 94,000 0.11%
98 INTERNATIONAL BUSINESS MACHS 600 87,000 0.10%
99 ISHARES TR 552 86,000 0.10%
100 VENTAS INC 1,497 84,000 0.10%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-15-058566, filed 2015.10.08).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.