ORRSTOWN FINL SVCS INC ORRF
COM · Common Stock · CUSIP 687380105
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersHarrisburg, PA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.2m this quarter). Holder counts are more reliable. Shares outstanding: 19.7m as of 2026-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $40.79. Options: 0 managers hold calls (— notional), 1 hold puts ($12.2k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 71 |
| Q4 2022 | 73 |
| Q1 2023 | 68 |
| Q2 2023 | 70 |
| Q3 2023 | 71 |
| Q4 2023 | 79 |
| Q1 2024 | 74 |
| Q2 2024 | 90 |
| Q3 2024 | 115 |
| Q4 2024 | 142 |
| Q1 2025 | 127 |
| Q2 2025 | 131 |
| Q3 2025 | 139 |
| Q4 2025 | 165 |
| Q1 2026 | 157 |
| Q2 2026 | 163 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 80 | 30 |
| Q4 2024 | 75 | 44 |
| Q1 2025 | 62 | 66 |
| Q2 2025 | 66 | 52 |
| Q3 2025 | 67 | 56 |
| Q4 2025 | 82 | 51 |
| Q1 2026 | 78 | 64 |
| Q2 2026 | 82 | 63 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $7.2k | $0 | 0.00 |
| Q2 2026 | $0 | $12.2k | — |
Biggest buyers
| BlackRock, Inc. | Added | +199.8k |
| CITADEL ADVISORS LLC | Added | +121.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +105.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +72.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +64.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | New | +50.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +44.6k |
| Empowered Funds, LLC | New | +44.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +35.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +35.2k |
Biggest sellers
| Assenagon Asset Management S.A. | Sold out | -297.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -200.0k |
| STATE STREET CORP | Reduced | -121.0k |
| Nuveen, LLC | Reduced | -94.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -80.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -78.0k |
| Trexquant Investment LP | Reduced | -57.9k |
| ALGERT GLOBAL LLC | Reduced | -32.9k |
| ExodusPoint Capital Management, LP | Sold out | -32.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -31.4k |
Biggest calls
| None |
Biggest puts
| SIMPLEX TRADING, LLC | New | $12.2k300 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-10-08 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), Fourthstone LLC (4.6%, 2026-02-13)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $8.4k | 1 | $151.3k | — |
| Q1 2025 | 4 | $309.2k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $10.1k | 1 | $22.0k | — |
| Q4 2025 | 1 | $10.4k | 0 | — | — |
| Q1 2026 | 2 | $48.7k | 3 | $754.0k | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 2 | $234.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-06 | Rice Michael John Director | Sold | $109.2k2.5k shares |
| 2026-07-27 | DOLL AMY EVP, Chief Admin. Officer | Sold | $124.9k3.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $68.6m | Added +199.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 964.9k $39.4m | Added +64.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 835.2k $34.1m | Added +17.6k |
| STATE STREET CORP 0.00% of their portfolio | 679.7k $27.8m | Reduced -121.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 665.0k $27.2m | Added +72.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 602.1k $24.6m | Added +105.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 566.7k $23.1m | Added +35.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 304.5k $12.4m | Added +44.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 290.1k $11.8m | Reduced -10.9k |
| ALGERT GLOBAL LLC 0.14% of their portfolio | 287.6k $11.7m | Reduced -32.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 276.1k $11.3m | Added +25.9k |
| Nuveen, LLC 0.00% of their portfolio | 243.8k $10.0m | Reduced -94.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 227.4k $9.3m | Reduced -1.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 225.5k $9.2m | Added +121.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 174.6k $7.1m | Added +12.4k |
| ProShare Advisors LLC 0.01% of their portfolio | 172.8k $7.1m | Reduced -5.9k |
| Petiole USA ltd 4.92% of their portfolio | 167.8k $6.8m | Reduced -4.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 154.6k $6.3m | Reduced -3.0k |
| Pacific Ridge Capital Partners, LLC 1.08% of their portfolio | 146.3k $6.0m | Reduced -1.1k |
| Man Group plc 0.01% of their portfolio | 146.0k $6.0m | Added +12.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 140.7k $5.7m | Reduced -78.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 129.6k $5.3m | Added +3.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 125.7k $5.1m | Reduced -80.8k |
| MORGAN STANLEY 0.00% of their portfolio | 122.8k $5.0m | Reduced -2.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 116.0k $4.7m | Reduced -24.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 101.2k $4.1m | Added +2.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 98.7k $3.6m | Added +13.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 96.2k $3.9m | Added +35.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 72.2k $2.9m | Added +3.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 70.8k $2.9m | Reduced -4.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 67.6k $2.8m | Reduced -31.4k |
| PL Capital Advisors, LLC 0.73% of their portfolio | 64.4k $2.6m | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 64.1k $2.6m | Reduced -3.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 63.1k $2.6m | Added +4.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 61.4k $2.5m | Added +4.6k |
| Trexquant Investment LP 0.01% of their portfolio | 52.1k $2.1m | Reduced -57.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 51.0k $2.1m | Reduced -995 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 50.1k $2.0m | New |
| UBS Group AG 0.00% of their portfolio | 49.5k $2.0m | Reduced -12.1k |
| Quantinno Capital Management LP 0.00% of their portfolio | 49.3k $2.0m | Added +21.9k |
| Rosenthal | Henry Capital Advisors, Inc. 1.75% of their portfolio | 49.1k $2.0m | Unchanged |
| Empowered Funds, LLC 0.01% of their portfolio | 44.3k $1.8m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 38.2k $1.6m | Reduced -6.0k |
| BARCLAYS PLC 0.00% of their portfolio | 38.0k $1.5m | Reduced -9.5k |
| Swiss National Bank 0.00% of their portfolio | 37.4k $1.5m | Added +900 |
| Invesco Ltd. 0.00% of their portfolio | 32.4k $1.3m | Reduced -582 |
| Inspire Advisors, LLC 0.09% of their portfolio | 32.2k $1.3m | Reduced -155 |
| Creative Planning 0.00% of their portfolio | 31.9k $1.3m | Added +9.9k |
| Pinnacle Holdings, LLC 0.39% of their portfolio | 31.1k $1.3m | Reduced -90 |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 31.1k $1.3m | Reduced -22.8k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 30.7k $1.3m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 25.4k $1.0m | Added +236 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 24.9k $1.0m | Added +1.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 24.5k $1.0m | Added +3.8k |
| truNorth Financial Services, Inc. 0.85% of their portfolio | 23.2k $947.3k | Reduced -266 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 23.0k $939.4k | Added +5.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 22.0k $897.4k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 21.4k $873.4k | Added +18.1k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 20.0k $817.8k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 19.7k $803.2k | Reduced -6.6k |
| Brookwood Investment Group LLC 0.09% of their portfolio | 19.6k $800.6k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 19.2k $784.4k | Added +3.7k |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 19.1k $778.1k | Reduced -183 |
| Legal & General Group Plc 0.00% of their portfolio | 18.8k $767.0k | Added +8.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 16.6k $676.4k | Added +9.2k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 16.4k $670.4k | Added +2.8k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 16.4k $669.3k | Reduced -1.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 15.6k $639.0k | Added +1.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 15.1k $614.8k | Reduced -2.4k |
| ALPS ADVISORS INC 0.00% of their portfolio | 14.7k $598.9k | Added +186 |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 14.4k $588.0k | Unchanged |
| SALZHAUER MICHAEL 0.21% of their portfolio | 13.7k $560.8k | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 12.9k $526.3k | Unchanged |
| RKL Wealth Management LLC 0.04% of their portfolio | 12.7k $517.2k | Added +72 |
| HRT FINANCIAL LP 0.00% of their portfolio | 11.5k $470.0k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 11.3k $463.1k | Reduced -34 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 11.3k $459.3k | Reduced -13.7k |
| Jupiter Topco LLC 0.00% of their portfolio | 11.2k $457.8k | First filing |
| MetLife Investment Management, LLC 0.00% of their portfolio | 10.8k $442.0k | Added +423 |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 10.8k $441.3k | Reduced -17.9k |
| Daytona Street Capital LLC 0.31% of their portfolio | 10.6k $429.2k | Added +2 |
| Quantbot Technologies LP 0.02% of their portfolio | 10.6k $433.5k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 10.4k $426.3k | New |
| Johnson & White Wealth Management, LLC 0.16% of their portfolio | 10.3k $422.2k | Added +440 |
| Aquatic Capital Management LLC 0.01% of their portfolio | 10.3k $421.1k | Added +4.0k |
| Curi Capital, LLC 0.01% of their portfolio | 10.0k $406.8k | Unchanged |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 9.7k $396.3k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 9.4k $384.2k | Added +1.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 8.9k $363.8k | Reduced -4.4k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 8.9k $363.5k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 8.8k $360.2k | Added +64 |
| Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio | 8.8k $357.8k | Reduced -2.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 8.6k $349.7k | Reduced -5.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 8.2k $334.0k | Unchanged |
| Quadrature Capital Ltd 0.00% of their portfolio | 7.9k $322.1k | New |
| VISTA INVESTMENT MANAGEMENT 0.10% of their portfolio | 7.7k $316.0k | Reduced -550 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 7.6k $308.5k | Added +2.5k |
| Savant Capital, LLC 0.00% of their portfolio | 7.2k $274.9k | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 7.1k $289.9k | Unchanged |
| Focus Partners Advisor Solutions, LLC 0.00% of their portfolio | 7.0k $284.2k | Reduced -163 |