Who owns Orrstown Financial Services (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-Q2 13F filings (latest filed 2026-09-22). 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
35 tracked funds added or opened ORRF while 20 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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 2026-Q1 and 2026-Q2, across 154 tracked filers holding ORRF, 80 increased or opened the position and 71 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 2026-Q1 and 2026-Q2 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 2
- BRIDGEWAY CAPITAL MANAGEMENT, LLC$2M
- Empowered Funds, LLC$2M
Full exits 10
- Assenagon Asset Management S.A.$11M
- WELLINGTON MANAGEMENT GROUP LLP$7M
- Thrivent Financial for Lutherans$2M
- ExodusPoint Capital Management, LP$1M
- LSV ASSET MANAGEMENT$1M
- TUDOR INVESTMENT CORP ET AL$1M
Largest adds
- BlackRock, Inc.$15M
- DIMENSIONAL FUND ADVISORS LP$7M
- AMERICAN CENTURY COMPANIES INC$7M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$6M
- CITADEL ADVISORS LLC$5M
- VANGUARD CAPITAL MANAGEMENT LLC$5M
Largest trims
- MILLENNIUM MANAGEMENT LLC$2M
- Nuveen, LLC$2M
- GOLDMAN SACHS GROUP INC$2M
- Trexquant Investment LP$2M
- STATE STREET CORP$1M
- RENAISSANCE TECHNOLOGIES LLC$812K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 1,680,316 | $69M | 14.7% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 964,868 | $39M | 8.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 835,238 | $34M | 7.3% | 2026-Q2 |
| STATE STREET CORP trimmed | 679,718 | $28M | 5.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 665,017 | $27M | 5.8% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 602,129 | $25M | 5.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 566,715 | $23M | 5.0% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 304,510 | $12M | 2.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 290,058 | $12M | 2.5% | 2026-Q2 |
| ALGERT GLOBAL LLC trimmed | 287,636 | $12M | 2.5% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 276,117 | $11M | 2.4% | 2026-Q2 |
| Nuveen, LLC trimmed | 243,765 | $10M | 2.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 227,435 | $9M | 2.0% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 225,513 | $9M | 2.0% | 2026-Q2 |
| NORTHERN TRUST CORP added | 174,554 | $7M | 1.5% | 2026-Q2 |
| ProShare Advisors LLC trimmed | 172,824 | $7M | 1.5% | 2026-Q2 |
| Petiole USA ltd trimmed | 167,766 | $7M | 1.5% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 154,611 | $6M | 1.4% | 2026-Q2 |
| Pacific Ridge Capital Partners, LLC trimmed | 146,302 | $6M | 1.3% | 2026-Q2 |
| Man Group plc added | 146,012 | $6M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 140,705 | $6M | 1.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 129,568 | $5M | 1.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 125,713 | $5M | 1.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 122,787 | $5M | 1.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 115,978 | $5M | 1.0% | 2026-Q2 |
| Bank of New York Mellon Corp added | 101,177 | $4M | 0.9% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 98,687 | $4M | 0.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 96,219 | $4M | 0.8% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 72,203 | $3M | 0.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 70,827 | $3M | 0.6% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 67,564 | $3M | 0.6% | 2026-Q2 |
| PL Capital Advisors, LLC | 64,356 | $3M | 0.6% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 63,105 | $3M | 0.6% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 61,445 | $3M | 0.5% | 2026-Q2 |
| Trexquant Investment LP trimmed | 52,077 | $2M | 0.5% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 51,023 | $2M | 0.4% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 50,091 | $2M | 0.4% | 2026-Q2 |
| UBS Group AG trimmed | 49,518 | $2M | 0.4% | 2026-Q2 |
| Quantinno Capital Management LP added | 49,273 | $2M | 0.4% | 2026-Q2 |
| Rosenthal | Henry Capital Advisors, Inc. | 49,100 | $2M | 0.4% | 2026-Q2 |
| Empowered Funds, LLC added | 44,329 | $2M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 38,185 | $2M | 0.3% | 2026-Q2 |
| BARCLAYS PLC trimmed | 37,953 | $2M | 0.3% | 2026-Q2 |
| Swiss National Bank added | 37,400 | $2M | 0.3% | 2026-Q2 |
| Invesco Ltd. trimmed | 32,438 | $1M | 0.3% | 2026-Q2 |
| Inspire Advisors, LLC trimmed | 32,157 | $1M | 0.3% | 2026-Q2 |
| Creative Planning added | 31,889 | $1M | 0.3% | 2026-Q2 |
| Pinnacle Holdings, LLC trimmed | 31,140 | $1M | 0.3% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd trimmed | 31,116 | $1M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 25,360 | $1M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 24,879 | $1M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 24,503 | $1M | 0.2% | 2026-Q2 |
| truNorth Financial Services, Inc. trimmed | 23,201 | $947K | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 23,008 | $939K | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 21,980 | $897K | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 21,392 | $873K | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 20,029 | $818K | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 19,671 | $803K | 0.2% | 2026-Q2 |
| Brookwood Investment Group LLC | 19,609 | $801K | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 19,212 | $784K | 0.2% | 2026-Q2 |
| Summit Trail Advisors, LLC trimmed | 19,057 | $778K | 0.2% | 2026-Q2 |
| Legal & General Group Plc added | 18,784 | $767K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 16,566 | $676K | 0.1% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 16,419 | $670K | 0.1% | 2026-Q2 |
| Graham Capital Management, L.P. trimmed | 16,392 | $669K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 15,628 | $639K | 0.1% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 15,058 | $615K | 0.1% | 2026-Q2 |
| ALPS ADVISORS INC added | 14,667 | $599K | 0.1% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P | 14,400 | $588K | 0.1% | 2026-Q2 |
| SALZHAUER MICHAEL | 13,734 | $561K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 12,889 | $526K | 0.1% | 2026-Q2 |
| RKL Wealth Management LLC added | 12,666 | $517K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 11,342 | $463K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 11,257 | $459K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 11,200 | $458K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 10,826 | $442K | 0.1% | 2026-Q2 |
| Rafferty Asset Management, LLC trimmed | 10,808 | $441K | 0.1% | 2026-Q2 |
| Daytona Street Capital LLC added | 10,627 | $429K | 0.1% | 2026-Q2 |
| Quantbot Technologies LP trimmed | 10,618 | $434K | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 10,440 | $426K | 0.1% | 2026-Q2 |
| Johnson & White Wealth Management, LLC added | 10,342 | $422K | 0.1% | 2026-Q2 |
| Aquatic Capital Management LLC added | 10,314 | $421K | 0.1% | 2026-Q2 |
| Curi Capital, LLC | 9,962 | $407K | 0.1% | 2026-Q2 |
| Sequoia Financial Advisors, LLC new | 9,707 | $396K | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 9,409 | $384K | 0.1% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 8,911 | $364K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV new | 8,902 | $363K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 8,821 | $360K | 0.1% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC trimmed | 8,762 | $358K | 0.1% | 2026-Q2 |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 8,564 | $350K | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 8,180 | $334K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 7,890 | $322K | 0.1% | 2026-Q2 |
| VISTA INVESTMENT MANAGEMENT trimmed | 7,740 | $316K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 7,555 | $308K | 0.1% | 2026-Q2 |
| Savant Capital, LLC trimmed | 7,165 | $275K | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD | 7,100 | $290K | 0.1% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC trimmed | 6,960 | $284K | 0.1% | 2026-Q2 |
| Entropy Technologies, LP trimmed | 6,812 | $278K | 0.1% | 2026-Q2 |
| BEESE FULMER INVESTMENT MANAGEMENT, INC. added | 6,787 | $277K | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 6,754 | $276K | 0.1% | 2026-Q2 |
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.