Who owns Orrstown Financial Services, Inc. (ORRF)
Which tracked institutional funds hold ORRF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ORRF company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
40 tracked funds added or opened ORRF while 22 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ORRF’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes ORRF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in ORRF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 157 tracked filers holding ORRF, 86 increased or opened the position and 66 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ORRF between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 11
- VANGUARD CAPITAL MANAGEMENT LLC$29M
- Assenagon Asset Management S.A.$11M
- VANGUARD PORTFOLIO MANAGEMENT LLC$9M
- VANGUARD FIDUCIARY TRUST CO$5M
- PRINCIPAL FINANCIAL GROUP INC$2M
- LSV ASSET MANAGEMENT$1M
Full exits 11
- VANGUARD GROUP INC$35M
- Fourthstone LLC$32M
- JANE STREET GROUP, LLC$6M
- TWO SIGMA ADVISERS, LP$2M
- AlphaQuest LLC$2M
- Balyasny Asset Management L.P.$1M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$16M
- Nuveen, LLC$11M
- STATE STREET CORP$8M
- ALGERT GLOBAL LLC$6M
- Man Group plc$5M
- AMERICAN CENTURY COMPANIES INC$4M
Largest trims
- RENAISSANCE TECHNOLOGIES LLC$4M
- FMR LLC$4M
- WELLINGTON MANAGEMENT GROUP LLP$3M
- GOLDMAN SACHS GROUP INC$2M
- MORGAN STANLEY$2M
- UBS Group AG$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 1,480,561 | $53M | 10.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 900,674 | $32M | 6.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 817,621 | $29M | 5.7% | 2026-Q1 |
| STATE STREET CORP added | 800,719 | $29M | 5.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 592,687 | $21M | 4.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 531,430 | $19M | 3.7% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 497,085 | $18M | 3.5% | 2026-Q1 |
| Nuveen, LLC added | 337,968 | $12M | 2.4% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 320,560 | $12M | 2.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 300,970 | $11M | 2.1% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 297,763 | $11M | 2.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 259,952 | $9M | 1.8% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 250,221 | $9M | 1.8% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 229,191 | $8M | 1.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 218,686 | $8M | 1.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 206,476 | $7M | 1.4% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 200,000 | $7M | 1.4% | 2026-Q1 |
| ProShare Advisors LLC added | 178,686 | $6M | 1.3% | 2026-Q1 |
| Petiole USA ltd trimmed | 171,766 | $6M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 162,179 | $6M | 1.1% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC added | 157,653 | $6M | 1.1% | 2026-Q1 |
| Pacific Ridge Capital Partners, LLC added | 147,434 | $5M | 1.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 139,990 | $5M | 1.0% | 2026-Q1 |
| Man Group plc added | 133,767 | $5M | 0.9% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 126,438 | $5M | 0.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 125,195 | $5M | 0.9% | 2026-Q1 |
| Trexquant Investment LP added | 109,953 | $4M | 0.8% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 103,966 | $4M | 0.7% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 98,964 | $4M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 98,424 | $4M | 0.7% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 84,856 | $3M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 75,162 | $3M | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 69,088 | $2M | 0.5% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 68,008 | $2M | 0.5% | 2026-Q1 |
| PL Capital Advisors, LLC | 64,356 | $2M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 61,630 | $2M | 0.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 59,764 | $2M | 0.4% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 58,505 | $2M | 0.4% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 56,880 | $2M | 0.4% | 2026-Q1 |
| Y-Intercept (Hong Kong) Ltd added | 53,877 | $2M | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 52,018 | $2M | 0.4% | 2026-Q1 |
| Rosenthal | Henry Capital Advisors, Inc. | 49,100 | $2M | 0.3% | 2026-Q1 |
| BARCLAYS PLC trimmed | 47,483 | $2M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 44,204 | $2M | 0.3% | 2026-Q1 |
| Swiss National Bank | 36,500 | $1M | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 33,020 | $1M | 0.2% | 2026-Q1 |
| ExodusPoint Capital Management, LP trimmed | 32,389 | $1M | 0.2% | 2026-Q1 |
| Inspire Advisors, LLC added | 32,312 | $1M | 0.2% | 2026-Q1 |
| Pinnacle Holdings, LLC | 31,230 | $1M | 0.2% | 2026-Q1 |
| LSV ASSET MANAGEMENT added | 30,700 | $1M | 0.2% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 29,370 | $1M | 0.2% | 2026-Q1 |
| Rafferty Asset Management, LLC added | 28,659 | $1M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 27,365 | $987K | 0.2% | 2026-Q1 |
| CITIGROUP INC trimmed | 26,276 | $948K | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 25,124 | $906K | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 24,990 | $899K | 0.2% | 2026-Q1 |
| truNorth Financial Services, Inc. | 23,467 | $847K | 0.2% | 2026-Q1 |
| BAILARD, INC. added | 23,400 | $844K | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 23,008 | $830K | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 21,980 | $793K | 0.2% | 2026-Q1 |
| Creative Planning added | 21,970 | $793K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 21,014 | $758K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 20,748 | $749K | 0.1% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 20,029 | $723K | 0.1% | 2026-Q1 |
| Brookwood Investment Group LLC | 19,609 | $707K | 0.1% | 2026-Q1 |
| Summit Trail Advisors, LLC new | 19,240 | $694K | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 17,667 | $637K | 0.1% | 2026-Q1 |
| Graham Capital Management, L.P. added | 17,563 | $634K | 0.1% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 17,494 | $631K | 0.1% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 16,696 | $602K | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 15,535 | $561K | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC added | 14,481 | $522K | 0.1% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 14,400 | $520K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 14,323 | $517K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 13,960 | $504K | 0.1% | 2026-Q1 |
| SALZHAUER MICHAEL | 13,734 | $496K | 0.1% | 2026-Q1 |
| TEACHER RETIREMENT SYSTEM OF TEXAS added | 13,665 | $493K | 0.1% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. new | 13,652 | $493K | 0.1% | 2026-Q1 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 13,360 | $482K | 0.1% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 13,143 | $474K | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 12,889 | $465K | 0.1% | 2026-Q1 |
| RKL Wealth Management LLC added | 12,594 | $454K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 977,041 | $35M | 6.7% | 2025-Q4 stale |
| Fourthstone LLC trimmed | 899,016 | $32M | 6.2% | 2025-Q4 stale |
| MARSHALL WACE, LLP added | 235,482 | $8M | 1.6% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 160,951 | $6M | 1.1% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 57,102 | $2M | 0.4% | 2025-Q4 stale |
| AlphaQuest LLC added | 43,992 | $2M | 0.3% | 2025-Q4 stale |
| PANAGORA ASSET MANAGEMENT INC trimmed | 48,807 | $2M | 0.3% | 2025-Q2 stale |
| EMERALD MUTUAL FUND ADVISERS TRUST trimmed | 48,861 | $1M | 0.3% | 2025-Q1 stale |
| Squarepoint Ops LLC added | 41,281 | $1M | 0.3% | 2025-Q2 stale |
| Balyasny Asset Management L.P. added | 34,446 | $1M | 0.2% | 2025-Q4 stale |
| Verition Fund Management LLC added | 23,494 | $832K | 0.2% | 2025-Q4 stale |
| Quantbot Technologies LP added | 22,551 | $799K | 0.2% | 2025-Q4 stale |
| Engineers Gate Manager LP new | 22,088 | $782K | 0.2% | 2025-Q4 stale |
| Jump Financial, LLC added | 18,221 | $645K | 0.1% | 2025-Q4 stale |
| Weiss Asset Management LP new | 15,151 | $537K | 0.1% | 2025-Q4 stale |
| ADVISORY RESEARCH INC added | 15,833 | $504K | 0.1% | 2025-Q2 stale |
| PharVision Advisers, LLC added | 13,385 | $474K | 0.1% | 2025-Q4 stale |
| EntryPoint Capital, LLC added | 14,841 | $472K | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.