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Institutional Ownership · SEC Form 13F

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.

157
Institutional holders
12M
Shares held (tracked funds)
61.3%
Of shares outstanding

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).

FundSharesReported value% of valueQuarter
BlackRock, Inc. added1,480,561$53M10.4%2026-Q1
DIMENSIONAL FUND ADVISORS LP added900,674$32M6.3%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new817,621$29M5.7%2026-Q1
STATE STREET CORP added800,719$29M5.6%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added592,687$21M4.2%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added531,430$19M3.7%2026-Q1
AMERICAN CENTURY COMPANIES INC added497,085$18M3.5%2026-Q1
Nuveen, LLC added337,968$12M2.4%2026-Q1
ALGERT GLOBAL LLC added320,560$12M2.2%2026-Q1
TWO SIGMA INVESTMENTS, LP added300,970$11M2.1%2026-Q1
Assenagon Asset Management S.A. added297,763$11M2.1%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new259,952$9M1.8%2026-Q1
Qube Research & Technologies Ltd added250,221$9M1.8%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed229,191$8M1.6%2026-Q1
GOLDMAN SACHS GROUP INC trimmed218,686$8M1.5%2026-Q1
MILLENNIUM MANAGEMENT LLC added206,476$7M1.4%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed200,000$7M1.4%2026-Q1
ProShare Advisors LLC added178,686$6M1.3%2026-Q1
Petiole USA ltd trimmed171,766$6M1.2%2026-Q1
NORTHERN TRUST CORP added162,179$6M1.1%2026-Q1
KENNEDY CAPITAL MANAGEMENT LLC added157,653$6M1.1%2026-Q1
Pacific Ridge Capital Partners, LLC added147,434$5M1.0%2026-Q1
BANK OF AMERICA CORP /DE/ added139,990$5M1.0%2026-Q1
Man Group plc added133,767$5M0.9%2026-Q1
VANGUARD FIDUCIARY TRUST CO new126,438$5M0.9%2026-Q1
MORGAN STANLEY trimmed125,195$5M0.9%2026-Q1
Trexquant Investment LP added109,953$4M0.8%2026-Q1
CITADEL ADVISORS LLC added103,966$4M0.7%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed98,964$4M0.7%2026-Q1
Bank of New York Mellon Corp trimmed98,424$4M0.7%2026-Q1
ALLIANCEBERNSTEIN L.P. added84,856$3M0.6%2026-Q1
D. E. Shaw & Co., Inc. added75,162$3M0.5%2026-Q1
FIRST TRUST ADVISORS LP trimmed69,088$2M0.5%2026-Q1
Thrivent Financial for Lutherans added68,008$2M0.5%2026-Q1
PL Capital Advisors, LLC64,356$2M0.5%2026-Q1
UBS Group AG trimmed61,630$2M0.4%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed59,764$2M0.4%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added58,505$2M0.4%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. added56,880$2M0.4%2026-Q1
Y-Intercept (Hong Kong) Ltd added53,877$2M0.4%2026-Q1
Cetera Investment Advisers added52,018$2M0.4%2026-Q1
Rosenthal | Henry Capital Advisors, Inc.49,100$2M0.3%2026-Q1
BARCLAYS PLC trimmed47,483$2M0.3%2026-Q1
JPMORGAN CHASE & CO trimmed44,204$2M0.3%2026-Q1
Swiss National Bank36,500$1M0.3%2026-Q1
Invesco Ltd. trimmed33,020$1M0.2%2026-Q1
ExodusPoint Capital Management, LP trimmed32,389$1M0.2%2026-Q1
Inspire Advisors, LLC added32,312$1M0.2%2026-Q1
Pinnacle Holdings, LLC31,230$1M0.2%2026-Q1
LSV ASSET MANAGEMENT added30,700$1M0.2%2026-Q1
TUDOR INVESTMENT CORP ET AL added29,370$1M0.2%2026-Q1
Rafferty Asset Management, LLC added28,659$1M0.2%2026-Q1
Quantinno Capital Management LP added27,365$987K0.2%2026-Q1
CITIGROUP INC trimmed26,276$948K0.2%2026-Q1
RHUMBLINE ADVISERS trimmed25,124$906K0.2%2026-Q1
HSBC HOLDINGS PLC added24,990$899K0.2%2026-Q1
truNorth Financial Services, Inc.23,467$847K0.2%2026-Q1
BAILARD, INC. added23,400$844K0.2%2026-Q1
FRANKLIN RESOURCES INC added23,008$830K0.2%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added21,980$793K0.2%2026-Q1
Creative Planning added21,970$793K0.2%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added21,014$758K0.1%2026-Q1
DEUTSCHE BANK AG\ added20,748$749K0.1%2026-Q1
Vanguard Global Advisers, LLC new20,029$723K0.1%2026-Q1
Brookwood Investment Group LLC19,609$707K0.1%2026-Q1
Summit Trail Advisors, LLC new19,240$694K0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed17,667$637K0.1%2026-Q1
Graham Capital Management, L.P. added17,563$634K0.1%2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLC added17,494$631K0.1%2026-Q1
Schonfeld Strategic Advisors LLC added16,696$602K0.1%2026-Q1
BNP PARIBAS FINANCIAL MARKETS added15,535$561K0.1%2026-Q1
ALPS ADVISORS INC added14,481$522K0.1%2026-Q1
MARTINGALE ASSET MANAGEMENT L P added14,400$520K0.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added14,323$517K0.1%2026-Q1
RAYMOND JAMES FINANCIAL INC added13,960$504K0.1%2026-Q1
SALZHAUER MICHAEL13,734$496K0.1%2026-Q1
TEACHER RETIREMENT SYSTEM OF TEXAS added13,665$493K0.1%2026-Q1
Mirae Asset Global Investments Co., Ltd. new13,652$493K0.1%2026-Q1
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed13,360$482K0.1%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added13,143$474K0.1%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new12,889$465K0.1%2026-Q1
RKL Wealth Management LLC added12,594$454K0.1%2026-Q1
VANGUARD GROUP INC trimmed977,041$35M6.7%2025-Q4 stale
Fourthstone LLC trimmed899,016$32M6.2%2025-Q4 stale
MARSHALL WACE, LLP added235,482$8M1.6%2025-Q3 stale
JANE STREET GROUP, LLC added160,951$6M1.1%2025-Q4 stale
TWO SIGMA ADVISERS, LP added57,102$2M0.4%2025-Q4 stale
AlphaQuest LLC added43,992$2M0.3%2025-Q4 stale
PANAGORA ASSET MANAGEMENT INC trimmed48,807$2M0.3%2025-Q2 stale
EMERALD MUTUAL FUND ADVISERS TRUST trimmed48,861$1M0.3%2025-Q1 stale
Squarepoint Ops LLC added41,281$1M0.3%2025-Q2 stale
Balyasny Asset Management L.P. added34,446$1M0.2%2025-Q4 stale
Verition Fund Management LLC added23,494$832K0.2%2025-Q4 stale
Quantbot Technologies LP added22,551$799K0.2%2025-Q4 stale
Engineers Gate Manager LP new22,088$782K0.2%2025-Q4 stale
Jump Financial, LLC added18,221$645K0.1%2025-Q4 stale
Weiss Asset Management LP new15,151$537K0.1%2025-Q4 stale
ADVISORY RESEARCH INC added15,833$504K0.1%2025-Q2 stale
PharVision Advisers, LLC added13,385$474K0.1%2025-Q4 stale
EntryPoint Capital, LLC added14,841$472K0.1%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.

HoldersTotal shares

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.

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