ORRSTOWN FINANCIAL SERVICES INC

CIK 0000826154 · Q2 2026

13F Equity AUM

$673.7M

+12.8% QoQ

Positions

118

+1 QoQ

AUM Rank

#4,188

Top 33%

Skill Alpha (FF)

-0.4%/yr^ns

No Clear Edge

Rank #3,270 · Top 39%

vs S&P -1.3%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 61.5%Top 10: 75.8%Top 20: 83.7%

IVV25.9%

VCRB10.3%

JAVA10.2%

FENI9.1%

AVUV6.0%

GSC4.5%

JEPI3.7%

JGRO3.5%

HELO1.6%

BIV1.0%

Others (108)24.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services84.7%

Technology6.7%

Other8.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 118Median: 0.16%Avg: 0.85%

0–0.5%

95(14.6%)

0.5–1%

13(9.5%)

1–3%

2(2.6%)

3–5%

3(11.8%)

5%+

5(61.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 118vs 20 funds

0%Low

118

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New5Increased37Decreased57Exited4

New Positions

SNDK0.1%

+335

ANET0.1%

+4K

HONEYWELL INTL INC0.1%

+2K

ADI0.1%

+818

OTLK0.0%

+15K

Increased

FENI9.1%

+19K(+1%)

JAVA10.2%

+16K(+2%)

VCRB10.3%

+11K(+1%)

JEPI3.7%

+10K(+2%)

HELO1.6%

+9K(+6%)

JGRO3.5%

+7K(+3%)

IWF0.2%

+7K(+300%)

IEMG0.8%

+5K(+8%)

BKNG0.1%

+4K(+2317%)

BAC0.1%

+4K(+43%)

Decreased

OMFL0.5%

-10,823(-18%)

OMFS0.0%

-2,500(-33%)

XLB0.1%

-2,238(-10%)

AVUV6.0%

-2,156(-1%)

XLRE0.1%

-1,073(-6%)

PNC0.2%

-1,025(-14%)

AAPL0.9%

-989(-4%)

XLU0.2%

-973(-4%)

PGR0.1%

-881(-33%)

MRK0.1%

-825(-17%)

Exited

-3,686

-7,261

-1,008

-349

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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