DaveManuel.com · Institutional Ownership · 13F Holdings
Strategic Financial Services, Inc.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | INTF | $353.3M | 8,625,214 | -0.66pp | 31q | -0.9%-$3.1M | |
| ISHARES TR | SMLF | $336.8M | 3,777,784 | +0.97pp | 31q | -1.5%-$5.2M | |
| ISHARES TR | LRGF | $300.6M | 3,975,040 | +0.63pp | 31q | HELD | |
| VANGUARD SCOTTSDALE FDS | VGIT | $165.0M | 2,797,607 | -0.43pp | 16q | +3.5%+$5.5M | |
| ISHARES INC | EMGF | $130.0M | 1,774,234 | +0.27pp | 31q | -5.9%-$8.2M | |
| VANGUARD SCOTTSDALE FDS | VCSH | $121.3M | 1,534,255 | -0.16pp | 31q | +5.7%+$6.6M | |
| VANGUARD MALVERN FDS | VTIP | $77.5M | 1,543,640 | -0.09pp | 7q | +5.1%+$3.8M | |
| VANGUARD SCOTTSDALE FDS | VGLT | $73.7M | 1,336,405 | -0.22pp | 13q | +2.1%+$1.5M | |
| VANGUARD SCOTTSDALE FDS | VCIT | $73.1M | 885,012 | -0.22pp | 14q | +1.8%+$1.3M | |
| ISHARES TR | MTUM | $70.9M | 206,900 | +0.53pp | 23q | -8.3%-$6.4M | |
| VANGUARD WELLINGTON FD | VFMO | $68.3M | 273,656 | +0.31pp | 30q | -4.2%-$3.0M | |
| WORLD GOLD TR | GLDM | $44.6M | 561,408 | -0.62pp | 18q | -3.8%-$1.8M | |
| ISHARES INC | EUSA | $44.6M | 390,238 | +0.09pp | 7q | +1.8%+$769.8K | |
| DIMENSIONAL ETF TRUST | DFIV | $44.3M | 820,043 | -0.15pp | 14q | -1.6%-$726.9K | |
| GOLDMAN SACHS ETF TR | GSIE | $39.7M | 869,334 | -0.09pp | 25q | -2.3%-$944.5K | |
| VANGUARD SCOTTSDALE FDS | VGSH | $33.4M | 574,711 | -0.18pp | 3q | -2.5%-$864.2K | |
| ISHARES TR | GVI | $27.5M | 259,171 | -0.18pp | 31q | -4.7%-$1.3M | |
| APPLE INC | AAPL | $18.5M | 63,958 | -0.01pp | 31q | -5.7%-$1.1M | |
| ISHARES TR | SIZE | $17.6M | 98,837 | flat | 5q | -2.8%-$514.7K | |
| VANGUARD WHITEHALL FDS | VWOB | $15.3M | 227,077 | -0.03pp | 26q | +1.3%+$199.4K | |
| LAM RESEARCH CORP | LRCX | $14.9M | 34,437 | +0.28pp | 7q | -7.3%-$1.2M | |
| KLA CORP | KLAC | $14.2M | 47,035 | +0.28pp | 31q | -4.4%-$650.2K | |
| GOLDMAN SACHS ETF TR | GSLC | $13.2M | 93,239 | flat | 16q | -4.6%-$633.7K | |
| ALPHABET INC | GOOG | $11.6M | 32,958 | +0.05pp | 31q | -3.0%-$363.9K | |
| GOLDMAN SACHS ETF TR | GEM | $10.7M | 206,166 | +0.01pp | 17q | -7.2%-$836.6K | |
| GOLDMAN SACHS ETF TR | GSSC | $8.7M | 95,271 | +0.03pp | 17q | -4.0%-$360.8K | |
| JPMORGAN CHASE & CO | JPM | $8.0M | 24,505 | flat | 31q | -1.1%-$93.0K | |
| MICROSOFT CORP | MSFT | $6.1M | 16,328 | -0.02pp | 31q | HELD | |
| VISA INC | V | $5.4M | 15,657 | +0.01pp | 31q | -2.1%-$114.9K | |
| MCKESSON CORP | MCK | $4.9M | 6,518 | -0.06pp | 31q | -3.6%-$185.9K | |
| J P MORGAN EXCHANGE TRADED F | JMOM | $3.8M | 44,933 | +0.01pp | 18q | -7.5%-$312.3K | |
| ORACLE CORP | ORCL | $3.4M | 23,100 | -0.02pp | 31q | -3.3%-$114.0K | |
| VANGUARD INDEX FDS | VTI | $3.3M | 8,911 | +0.01pp | 31q | +3.6%+$115.8K | |
| M & T BK CORP | MTB | $3.2M | 13,377 | +0.01pp | 31q | -1.7%-$55.2K | |
| SPDR GOLD TR | GLD | $3.0M | 8,164 | -0.06pp | 31q | -12.8%-$442.1K | |
| BLACKROCK INC | BLK | $3.0M | 3,093 | -0.01pp | 7q | -2.2%-$68.3K | |
| ALPHABET INC | GOOGL | $2.9M | 8,104 | +0.01pp | 31q | -4.7%-$144.0K | |
| CISCO SYS INC | CSCO | $2.9M | 24,309 | +0.03pp | 31q | -1.2%-$34.1K | |
| NEXTERA ENERGY INC | NEE | $2.8M | 31,822 | -0.02pp | 31q | -1.1%-$30.2K | |
| EXXON MOBIL CORP | XOM | $2.7M | 20,112 | -0.04pp | 31q | HELD | |
| TESLA INC | TSLA | $2.7M | 6,447 | flat | 27q | HELD | |
| QUALCOMM INC | QCOM | $2.7M | 14,610 | +0.03pp | 31q | -3.6%-$101.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.7M | 2,883 | -0.02pp | 31q | -3.2%-$88.9K | |
| STATE STR SPDR S&P 500 ETF T CALL | SPY | $2.6M | 1,541 | flat | 29q | -6.1%-$171.6K | |
| BROADCOM INC PUT | AVGO | $2.6M | 4,253 | +0.01pp | 5q | HELD | |
| MERCK & CO INC | MRK | $2.4M | 18,756 | flat | 31q | -1.3%-$32.1K | |
| SPDR SERIES TRUST | SPTL | $2.4M | 91,677 | flat | 12q | +4.3%+$99.0K | |
| AMAZON COM INC | AMZN | $2.4M | 9,885 | flat | 31q | -1.6%-$38.1K | |
| JOHNSON & JOHNSON | JNJ | $2.3M | 8,944 | -0.01pp | 31q | -1.3%-$29.2K | |
| NVIDIA CORPORATION | NVDA | $2.2M | 11,081 | +0.01pp | 14q | +5.9%+$123.7K | |
| VANGUARD STAR FDS | VXUS | $2.2M | 25,725 | flat | 26q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.2M | 4,298 | flat | 31q | +2.4%+$50.0K | |
| TJX COS INC NEW | TJX | $2.0M | 13,333 | -0.01pp | 31q | HELD | |
| SPDR SERIES TRUST | XBI | $1.9M | 11,823 | -0.10pp | 31q | -60.2%-$2.8M | |
| ISHARES TR | IGSB | $1.9M | 35,388 | -0.02pp | 17q | -8.3%-$167.7K | |
| VANGUARD SCOTTSDALE FDS | VTWO | $1.8M | 15,208 | +0.01pp | 26q | HELD | |
| NXP SEMICONDUCTORS N V | NXPI | $1.8M | 6,442 | +0.02pp | 31q | -2.4%-$44.4K | |
| BOOKING HOLDINGS INC | BKNG | $1.7M | 9,750 | -0.01pp | 31q | -7.6%-$142.6K | |
| GE AEROSPACE | GE | $1.7M | 4,524 | -0.09pp | 20q | -63.7%-$3.0M | |
| VANGUARD TAX-MANAGED FDS | VEA | $1.5M | 21,201 | flat | 25q | HELD | |
| VANGUARD MUN BD FDS | VTEB | $1.5M | 29,650 | flat | 11q | HELD | |
| VANGUARD INDEX FDS | VUG | $1.5M | 17,253 | flat | 30q | -2.3%-$34.9K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $1.3M | 5,448 | flat | 31q | HELD | |
| PEPSICO INC | PEP | $1.3M | 9,433 | -0.01pp | 31q | -1.3%-$16.2K | |
| ISHARES TR | IVV | $1.3M | 1,702 | flat | 2q | HELD | |
| GE VERNOVA INC | GEV | $1.3M | 1,074 | -0.08pp | 8q | -65.9%-$2.4M | |
| ISHARES TR | SUB | $1.2M | 11,713 | flat | 6q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $1.2M | 4,332 | flat | 31q | HELD | |
| ISHARES INC | IEMG | $1.2M | 14,608 | flat | 31q | HELD | |
| ISHARES TR | IWF | $1.1M | 9,239 | flat | 31q | -0.9%-$10.6K | |
| UNITEDHEALTH GROUP INC | UNH | $1.1M | 2,697 | +0.01pp | 31q | -5.3%-$63.2K | |
| MORGAN STANLEY | MS | $1.1M | 5,125 | +0.01pp | 26q | HELD | |
| CORNING INC | GLW | $1.1M | 4,111 | +0.02pp | 4q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $1.0M | 1,035 | flat | 22q | HELD | |
| ABBVIE INC | ABBV | $1.0M | 4,155 | flat | 31q | HELD | |
| VANGUARD INDEX FDS | VO | $1.0M | 12,544 | flat | 14q | HELD | |
| PHILLIPS 66 | PSX | $990.1K | 5,857 | -0.01pp | 31q | HELD | |
| ISHARES TR | IEFA | $978.4K | 10,131 | flat | 2q | +2.9%+$27.6K | |
| DEERE CO | DE | $958.5K | 1,511 | flat | 31q | HELD | |
| ULTA BEAUTY INC | ULTA | $944.4K | 2,094 | -0.01pp | 31q | -4.1%-$40.1K | |
| PROCTER & GAMBLE CO | PG | $935.5K | 6,379 | flat | 31q | -0.7%-$6.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $928.2K | 15,550 | flat | 17q | HELD | |
| MASTERCARD INCORPORATED | MA | $874.1K | 1,702 | flat | 9q | -4.0%-$36.0K | |
| META PLATFORMS INC | META | $850.0K | 1,509 | flat | 11q | +7.1%+$56.3K | |
| VANGUARD INDEX FDS | VOT | $786.0K | 2,566 | flat | 25q | HELD | |
| WALMART INC | WMT | $762.0K | 6,728 | -0.01pp | 9q | -0.8%-$6.2K | |
| DIMENSIONAL ETF TRUST | DFAT | $745.0K | 10,658 | flat | 21q | HELD | |
| CHUBB LIMITED | CB | $711.1K | 2,087 | flat | 9q | HELD | |
| ASML HLDG NV | ASML | $682.4K | 343 | +0.01pp | 10q | HELD | |
| ISHARES TR | VLUE | $677.4K | 3,390 | +0.01pp | 23q | HELD | |
| ISHARES TR | ITOT | $655.1K | 3,988 | flat | 2q | HELD | |
| ELI LILLY & CO | LLY | $622.5K | 519 | flat | 9q | +0.8%+$4.8K | |
| PUBLIC STORAGE | PSA | $603.2K | 1,895 | flat | 31q | HELD | |
| CATERPILLAR INC | CAT | $599.5K | 563 | +0.01pp | 5q | HELD | |
| COMMUNITY FINANCIAL SYSTEM I | CBU | $583.0K | 8,686 | flat | 31q | HELD | |
| NORWOOD FINANCIAL CORP | NWFL | $577.8K | 17,972 | flat | 24q | HELD | |
| CHARLES SCHWAB CORP (THE) | SCHW | $572.0K | 6,199 | flat | 9q | HELD | |
| ISHARES TR | AGG | $570.6K | 5,765 | flat | 2q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $565.0K | 2,523 | flat | 31q | HELD | |
| INTEL CORP | INTC | $557.0K | 3,989 | - | new | NEW | |
| CSX CORP | CSX | $551.6K | 11,606 | flat | 31q | HELD | |
| DIMENSIONAL ETF TRUST | DFUV | $543.2K | 9,875 | flat | 17q | HELD | |
| VANGUARD INDEX FDS | VB | $537.1K | 1,772 | flat | 31q | HELD | |
| HOME DEPOT INC | HD | $520.2K | 1,475 | flat | 30q | HELD | |
| VANGUARD INDEX FDS | VBK | $514.9K | 1,408 | flat | 25q | HELD | |
| VANGUARD SCOTTSDALE FDS | VONE | $482.7K | 1,425 | flat | 10q | HELD | |
| TOMPKINS FINL CORP | TMP | $481.6K | 5,095 | flat | 30q | HELD | |
| IDEXX LABS INC | IDXX | $478.0K | 908 | flat | 19q | HELD | |
| RTX CORPORATION | RTX | $465.4K | 2,453 | flat | 25q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $439.1K | 1,330 | flat | 9q | HELD | |
| COCA COLA CO | KO | $433.9K | 5,339 | flat | 31q | -9.8%-$47.1K | |
| MCDONALDS CORP | MCD | $410.4K | 1,518 | -0.01pp | 13q | -28.8%-$166.0K | |
| ISHARES TR | IUSB | $406.7K | 8,812 | flat | 2q | HELD | |
| ISHARES TR | EMB | $403.7K | 4,186 | flat | 25q | -2.8%-$11.5K | |
| VANGUARD INTL EQUITY INDEX F | VEU | $388.9K | 4,643 | flat | 31q | HELD | |
| IMMUCELL CORP | ICCC | $371.9K | 37,000 | +0.01pp | 27q | HELD | |
| ISHARES TR | IVW | $371.2K | 2,699 | flat | 2q | -0.8%-$2.9K | |
| ILLINOIS TOOL WKS INC | ITW | $369.7K | 1,367 | flat | 19q | HELD | |
| CHEVRON CORPORATION | CVX | $368.2K | 2,221 | -0.01pp | 31q | HELD | |
| VANGUARD INDEX FDS | VTV | $344.5K | 1,581 | flat | 2q | HELD | |
| VANGUARD INDEX FDS | VBR | $341.3K | 1,405 | flat | 9q | HELD | |
| ALLSTATE CORP | ALL | $327.2K | 1,375 | flat | 10q | HELD | |
| WASTE MGMT INC DEL | WM | $322.3K | 1,446 | flat | 20q | -0.9%-$2.9K | |
| ISHARES TR | IJH | $318.9K | 4,135 | flat | 2q | HELD | |
| ABBOTT LABORATORIES | ABT | $302.0K | 3,329 | flat | 31q | HELD | |
| ROCKWELL AUTOMATION INC | ROK | $302.0K | 610 | flat | 4q | HELD | |
| ISHARES TR | IWM | $301.1K | 1,002 | flat | 31q | HELD | |
| SCHWAB STRATEGIC TR | SCHA | $284.1K | 7,864 | flat | 4q | HELD | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $278.4K | 720 | flat | 31q | -0.7%-$1.9K | |
| HARTFORD INSURANCE GROUP INC | HIG | $274.6K | 2,072 | flat | 8q | HELD | |
| BANK OF NY MELLON CORP | BNY | $274.3K | 1,897 | flat | 3q | +3.0%+$8.0K | |
| SOUTHERN CO | SO | $262.0K | 2,737 | flat | 9q | -1.1%-$3.0K | |
| ISHARES TR | IVE | $256.6K | 1,130 | flat | 2q | HELD | |
| COLGATE PALMOLIVE CO | CL | $248.5K | 2,710 | flat | 11q | HELD | |
| MONDELEZ INTL INC | MDLZ | $248.0K | 4,287 | flat | 31q | HELD | |
| BOEING CO | BA | $246.8K | 1,140 | flat | 3q | -1.7%-$4.3K | |
| ADVANCED MICRO DEVICES INC | AMD | $243.4K | 419 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHF | $241.6K | 8,722 | flat | 4q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $241.4K | 1,267 | - | new | NEW | |
| UNION PAC CORP | UNP | $236.4K | 869 | flat | 5q | +2.1%+$4.9K | |
| CONOCOPHILLIPS | COP | $236.0K | 2,270 | flat | 16q | HELD | |
| VANGUARD SCOTTSDALE FDS | VONV | $233.9K | 2,200 | flat | 2q | HELD | |
| ISHARES TR | IWR | $232.1K | 2,104 | flat | 2q | +1.1%+$2.5K | |
| NBT BANCORP INC | NBTB | $232.0K | 4,700 | flat | 3q | HELD | |
| SCHWAB STRATEGIC TR | SCHX | $226.3K | 7,691 | - | new | NEW | |
| HERSHEY CO | HSY | $218.3K | 1,244 | flat | 21q | HELD | |
| AMERICAN EXPRESS CO | AXP | $212.4K | 628 | - | new | NEW | |
| DISNEY WALT CO | DIS | $212.2K | 2,205 | flat | 31q | HELD | |
| DANAHER CORP DEL | DHR | $210.7K | 1,106 | flat | 2q | HELD | |
| VANECK ETF TRUST | SMH | $209.9K | 320 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $209.8K | 4,954 | flat | 31q | -3.9%-$8.5K | |
| SPDR SERIES TRUST | SPYM | $207.8K | 2,365 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHH | $204.8K | 8,650 | - | new | NEW | |
| NORFOLK SOUTHN CORP | NSC | $204.2K | 649 | - | new | NEW | |
| PPG INDS INC | PPG | $203.0K | 1,674 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Capital Markets | $53.3M | 2.3% |
| Other sectors | $162.7M | 7.1% |
| Not classified | $2.1B | 90.5% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.0% | +14.8% | -4.8% | 100% |
| Q1 2026 | +0.3% | -4.6% | +5.0% | 96% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.1% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 100% |
| Q1 2025 | +0.7% | -4.6% | +5.3% | 100% |
| Q4 2024 | -2.4% | +2.1% | -4.5% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.3B | 155 | 10 | 17 | 58 | 5 | 74.6% | 55 |
| Q1 2026 | $2.1B | 150 | 15 | 32 | 28 | 9 | 74.0% | 38 |
| Q4 2025 | $2.2B | 144 | 8 | 31 | 64 | 6 | 73.4% | 40 |
| Q3 2025 | $2.0B | 142 | 8 | 34 | 57 | 4 | 74.3% | 45 |
| Q2 2025 | $1.9B | 138 | 9 | 38 | 49 | 4 | 74.4% | 32 |
| Q1 2025 | $1.7B | 133 | 3 | 26 | 60 | 6 | 74.4% | 53 |
| Q4 2024 | $1.7B | 136 | 5 | 30 | 58 | 10 | 73.5% | 42 |
| Q3 2024 | $1.7B | 141 | 10 | 25 | 52 | 0 | 78.2% | 45 |
| Q2 2024 | $1.6B | 131 | 12 | 32 | 51 | 7 | 78.3% | 43 |
| Q1 2024 | $1.5B | 126 | 4 | 31 | 64 | 5 | 78.3% | 37 |
| Q4 2023 | $1.4B | 127 | 7 | 21 | 64 | 0 | 77.0% | 39 |
| Q3 2023 | $1.3B | 120 | 4 | 12 | 59 | 6 | 76.1% | 37 |
| Q2 2023 | $1.3B | 122 | 6 | 27 | 52 | 3 | 74.2% | 41 |
| Q1 2023 | $1.3B | 119 | 5 | 20 | 54 | 7 | 75.9% | 42 |
| Q4 2022 | $1.3B | 121 | 4 | 22 | 65 | 9 | 77.7% | 44 |
| Q3 2022 | $1.1B | 126 | 4 | 19 | 69 | 7 | 77.1% | 40 |
| Q2 2022 | $1.2B | 129 | 5 | 21 | 79 | 14 | 77.3% | 43 |
| Q1 2022 | $1.3B | 138 | 12 | 40 | 56 | 7 | 76.7% | 26 |
| Q4 2021 | $1.3B | 133 | 8 | 28 | 63 | 3 | 73.7% | 46 |
| Q3 2021 | $1.3B | 128 | 3 | 17 | 80 | 18 | 75.2% | 46 |
| Q2 2021 | $1.3B | 143 | 7 | 29 | 71 | 0 | 74.0% | 47 |
| Q1 2021 | $1.2B | 136 | 8 | 18 | 73 | 6 | 72.5% | 36 |
| Q4 2020 | $1.1B | 134 | 10 | 21 | 80 | 1 | 69.5% | 39 |
| Q3 2020 | $973.7M | 125 | 6 | 25 | 76 | 5 | 68.0% | 47 |
| Q2 2020 | $899.7M | 124 | 9 | 24 | 63 | 5 | 65.9% | 42 |
| Q1 2020 | $748.2M | 120 | 6 | 25 | 68 | 21 | 59.7% | 38 |
| Q4 2019 | $870.3M | 135 | 6 | 19 | 95 | 5 | 48.0% | 44 |
| Q3 2019 | $782.5M | 134 | 5 | 24 | 82 | 7 | 41.8% | 45 |
| Q2 2019 | $757.1M | 136 | 6 | 38 | 66 | 4 | 44.2% | 44 |
| Q1 2019 | $723.4M | 134 | 11 | 37 | 52 | 7 | 42.2% | 23 |
| Q4 2018 | $639.3M | 130 | 0 | 0 | 0 | 0 | 43.9% | 42 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.