NORWOOD FINANCIAL CORP

Ticker: NWFL CUSIP: 669549107 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
WELLINGTON MANAGEMENT GROUP LLP888,812$24,931
BlackRock, Inc.580,582$16,285
VANGUARD GROUP INC448,224$12,573
GEODE CAPITAL MANAGEMENT, LLC201,621$5,657
MANUFACTURERS LIFE INSURANCE COMPANY, THE176,796$4,959
Cornerstone Wealth Group, LLC171,051$4,798
DIMENSIONAL FUND ADVISORS LP134,660$3,777
STATE STREET CORP133,907$3,756
RAYMOND JAMES FINANCIAL INC95,942$2,691
NORTHERN TRUST CORP66,173$1,856
Bulldog Investors, LLP64,145$1,799
Cetera Investment Advisers61,602$1,728
SEGALL BRYANT & HAMILL, LLC55,864$1,567
RENAISSANCE TECHNOLOGIES LLC55,806$1,565
MARSHALL WACE, LLP39,551$1,109
Bank of New York Mellon Corp35,895$1,007
LPL Financial LLC33,971$953
MILLENNIUM MANAGEMENT LLC30,699$861
UBS Group AG28,262$793
GOLDMAN SACHS GROUP INC25,841$725
EMERALD MUTUAL FUND ADVISERS TRUST25,000$701
COMMONWEALTH EQUITY SERVICES, LLC24,478$687
CHARLES SCHWAB INVESTMENT MANAGEMENT INC24,318$682
EAGLE WEALTH STRATEGIES LLC23,528$660
MORGAN STANLEY23,480$659
CITADEL ADVISORS LLC21,294$597
Strategic Financial Services, Inc,19,846$633
LOS ANGELES CAPITAL MANAGEMENT LLC19,645$522
Fourthstone LLC19,457$546
Squarepoint Ops LLC18,626$522
Chicago Capital Management, LLC15,069$407
Alliance Wealth Advisors, LLC14,364$403
AQR CAPITAL MANAGEMENT LLC14,358$403
Minerva Advisors LLC13,681$384
BARCLAYS PLC13,656$383
PNC Financial Services Group, Inc.13,637$383
CSS LLC/IL13,213$371
Nuveen, LLC12,956$363
JOHN G ULLMAN & ASSOCIATES INC12,600$353
RAFFLES ASSOCIATES LP12,449$349
Trexquant Investment LP10,610$298
BRIDGEWAY CAPITAL MANAGEMENT, LLC10,276$288
STIFEL FINANCIAL CORP9,889$277
DEUTSCHE BANK AG\9,710$272
WELLS FARGO & COMPANY/MN9,645$271
Connor, Clark & Lunn Investment Management Ltd.9,256$260
Quadrature Capital Ltd8,512$239
Invesco Ltd.8,375$235
BANK OF AMERICA CORP /DE/8,246$231
JPMORGAN CHASE & CO7,050$198
RHUMBLINE ADVISERS6,758$190
ROYAL BANK OF CANADA6,120$172
EMERALD ADVISERS, LLC4,500$126
Community Bank, N.A.4,487$126
MetLife Investment Management, LLC4,376$123
ACADIAN ASSET MANAGEMENT LLC4,243$0
Larson Financial Group LLC4,080$114
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.3,986$112
PEOPLES FINANCIAL SERVICES CORP.3,555$100
NEW YORK STATE COMMON RETIREMENT FUND3,261$91
Police & Firemen's Retirement System of New Jersey2,855$80
Bangor Savings Bank2,199$62
Russell Investments Group, Ltd.2,091$59
NBT BANK N A /NY2,011$56
BNP PARIBAS ARBITRAGE, SA1,907$53
OSAIC HOLDINGS, INC.960$27
GREAT WEST LIFE ASSURANCE CO /CAN/880$0
Legal & General Group Plc800$22
CWM, LLC798$0
State of Alaska, Department of Revenue621$0
Ameritas Investment Partners, Inc.609$17
FMR LLC541$15
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM530$15
Triumph Capital Management500$14
Sterling Capital Management LLC496$14
Tower Research Capital LLC (TRC)396$11
CITIGROUP INC385$11
Stone House Investment Management, LLC379$11
AMALGAMATED BANK270$0
UBS ASSET MANAGEMENT AMERICAS INC158$4
Optiver Holding B.V.128$4
NewEdge Advisors, LLC87$2
GAMMA Investing LLC69$2
HARBOR CAPITAL ADVISORS, INC.49$0
Strive Financial Group ,LLC40$1
Pacific Center for Financial Services31$1
EverSource Wealth Advisors, LLC26$1
Allworth Financial LP15$0
True Wealth Design, LLC14$0
SBI Securities Co., Ltd.5$0
IFP Advisors, Inc3$0
Clearstead Advisors, LLC1$0
MAI Capital Management1$0
FNY Investment Advisers, LLC1$0
Sunbelt Securities, Inc.1$0
Total (95 institutions)3,841,851$107,605