Orrstown Financial Services

ORRF • NASDAQ

Orrstown Financial Services is a banks - regional company in the financial services sector on NASDAQ, led by Thomas R. Quinn, Jr., with a market cap of $737.4M. As of Q3 2025, 58% of shares are held by 137 institutional investors, with Fourthstone LLC as the largest holder at 7.45%.

CEOThomas R. Quinn, Jr.

Market Cap$737.4M

Banks - Regional

Financial Services

Employees425.0

Websiteorrstown.com

Country

United States of America

Overview

Overview of institutional ownership in ORRF as of Q3 2025 with a market cap of $662.3M

All Institutions

Institutions: 137
Value Held: $387.3M
Shares Held: 11.4M
Avg Position: $2.8M
Median Position: $375.6K

Hedge Funds

Hedge Funds: 18
Value Held: $77.5M
Shares Held: 2.3M
Avg Position: $4.3M
Median Position: $926.2K

Ownership Breakdown

Institutional (non-HF)

46.77%

$309.8M

Hedge Funds

11.7%

$77.5M

Retail & Other

41.52%

$275.0M

Based on market cap of $662.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ORRF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	$49.4M 8.85% of portfolio	7.45% 1.5M shares	Q2 2023 Held for 2y 5m	$557.6M
B BlackRock, Inc. Institution	-	$47.5M 0.00% of portfolio	7.17% 1.4M shares	Q2 2016 Held for 9y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$37.9M 0.00% of portfolio	5.72% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$26.0M 0.01% of portfolio	3.93% 765.3K shares	Q3 2016 Held for 9y 2m	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$21.6M 0.00% of portfolio	3.26% 635.8K shares	Q2 2016 Held for 9y 5m	$2.88T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$20.7M 0.00% of portfolio	3.12% 608.4K shares	Q2 2021 Held for 4y 5m	$571.21B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$15.9M 0.00% of portfolio	2.40% 467.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
A AMERICAN CENTURY COMPANIES INC Institution	-	$11.3M 0.01% of portfolio	1.71% 333.3K shares	Q3 2020 Held for 5y 2m	$195.93B
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	$9.5M 0.21% of portfolio	1.44% 280.7K shares	Q2 2025 Held for 5 months	$4.5B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$8.2M 0.01% of portfolio	1.24% 242.4K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B

Net Capital Flow

Institutional buying and selling activity for ORRF in Q3 2025

Traded: +$16.2M
Buyers: 68
Sellers: 57
Total Bought: +$44.5M
Total Sold: −$28.4M
Avg Position: $2.6M

Biggest Buyers

Institution	Net Bought	Current Position
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	+$8.1M +238.8K shares	$9.5M 280.7K shares
A Assenagon Asset Management S.A. Institution	+$6.6M +195.1K shares	$6.6M 195.1K shares
Fourthstone LLC Hedge Fund•Long/Short	+$6.6M +194.3K shares	$49.4M 1.5M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$2.6M +77.6K shares	$11.3M 333.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$2.5M +72.4K shares	$26.0M 765.3K shares
FIRST TRUST ADVISORS LP ETF Provider	+$2.0M +58.5K shares	$2.4M 71.0K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$1.7M +51.1K shares	$20.7M 608.4K shares
John W. Rosenthal Capital Management, Inc. Hedge Fund•Long/Short	+$1.7M +49.1K shares	$1.7M 49.1K shares
GOLDMAN SACHS GROUP INC Institution	+$1.4M +41.0K shares	$3.5M 103.0K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.3M +38.4K shares	$2.5M 72.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$5.0M −148.0K shares	$782.2K 23.0K shares
MORGAN STANLEY RIA/Wealth	−$2.5M −74.5K shares	$4.5M 133.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$2.5M −73.6K shares	$1.1M 31.5K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	−$1.6M −48.8K shares	Sold Off 0 shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$1.3M −41.3K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$1.2M −36.5K shares	$8.2M 242.4K shares
Empowered Funds, LLC ETF Provider	−$1.2M −34.7K shares	$308.0K 9.1K shares
BARCLAYS PLC Institution	−$1.1M −32.1K shares	$1.6M 47.8K shares
Q Qube Research & Technologies Ltd Institution	−$994.1K −29.3K shares	$4.8M 142.1K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$936.6K −29.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ORRF in Q3 2025

New Positions: 15
New Value: $3.2M
Exited Positions: 13
Exited Value: $6.6M

New Positions

Institution	Position Value
John W. Rosenthal Capital Management, Inc. Hedge Fund•Long/Short	$1.7M 49.1K shares
B Brevan Howard Capital Management LP Institution	$439.3K 12.9K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$372.5K 11.0K shares
PRUDENTIAL FINANCIAL INC Institution	$354.9K 10.4K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$255.4K 7.5K shares
Q Quarry LP Institution	$42.1K 1.2K shares
FINANCIAL CONSULATE, INC RIA/Wealth	$35.7K 1.1K shares
S State of Alaska, Department of Revenue Institution	$26.5K 779.0 shares
J JONES FINANCIAL COMPANIES LLLP Institution	$15.5K 448.0 shares
O Optiver Holding B.V. Institution	$4.6K 134.0 shares

Exited Positions

Institution	Previous Position
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	$1.6M 48.8K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.3M 41.3K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$936.6K 29.4K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$687.5K 21.6K shares
ADVISORY RESEARCH INC Long Only Manager	$504.0K 15.8K shares
E EntryPoint Capital, LLC Hedge Fund•Long/Short	$472.4K 14.8K shares
Numerai GP LLC Hedge Fund•Quant	$302.5K 9.5K shares
EMERALD ADVISERS INC/PA Long Only Manager	$292.6K 9.2K shares
O OXFORD ASSET MANAGEMENT Institution	$263.1K 8.3K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	$218.7K 6.9K shares

Options Activity

Institutions with the largest Call and Put options positions in ORRF as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with ORRF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	8.85% $49.4M	7.45% 1.5M shares	Q2 2023 Held for 2y 5m	$557.6M
P Petiole USA ltd Institution	-	4.15% $6.0M	0.91% 177.0K shares	Q3 2024 Held for 1y 2m	$144.8M
John W. Rosenthal Capital Management, Inc. Hedge Fund•Long/Short	John William Rosenthal CEO	1.65% $1.7M	0.25% 49.1K shares	Q3 2025 Held for 2 months	$100.8M
Pacific Ridge Capital Partners, LLC Long Only Manager	Mark Daniel Cooper President	1.12% $5.1M	0.78% 151.4K shares	Q4 2013 Held for 11y 11m	$460.6M
PL Capital Advisors, LLC Hedge Fund•Activist	Richard J Lashley Managing Partner	0.76% $2.2M	0.33% 64.4K shares	Q3 2024 Held for 1y 2m	$286.3M
Pinnacle Holdings, LLC RIA/Wealth	David Monroe Poarch Managing Partner	0.43% $1.1M	0.16% 31.2K shares	Q3 2024 Held for 1y 2m	$246.2M
S SALZHAUER MICHAEL Institution	-	0.25% $466.7K	0.07% 13.7K shares	Q3 2024 Held for 1y 2m	$190.4M
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	0.21% $9.5M	1.44% 280.7K shares	Q2 2025 Held for 5 months	$4.5B
Johnson & White Wealth Management, LLC RIA/Wealth	Timothy Paul White CCO	0.19% $423.3K	0.06% 12.5K shares	Q4 2024 Held for 11 months	$218.3M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.14% $255.4K	0.04% 7.5K shares	Q3 2025 Held for 2 months	$176.9M