Norwood Financial Corp.
US ˙ NasdaqGM ˙ US6695491075

SecurityNWFL / Norwood Financial Corp.
InstitutionMorgan Stanley
Latest Disclosed Ownership35,356 shares
Latest Disclosed Value $ 1,040,184
Morgan Stanley reports 50.58% increase in ownership of NWFL / Norwood Financial Corp.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 35,356 shares of Norwood Financial Corp. (US:NWFL) valued at $1,040,174 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 23,480 shares of Norwood Financial Corp.. This represents a change in shares of 50.58% during the quarter. The current value of the position is $1,068,812 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NORWOOD FINANCIAL COM 669549107 35,356 11,876 50.58 1,040 58.05 0.0001
2026-05-27 2025-12-31 13F/A-1 NORWOOD FINANCIAL COM 669549107 23,480 9,403 66.80 659 84.31 0.0000
2026-02-13 2025-12-31 13F NORWOOD FINANCIAL COM 669549107 23,480 9,403 659 0.0000
2026-05-27 2025-09-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 14,077 -6,411 -31.29 358 -32.39 0.0000
2025-11-14 2025-09-30 13F NORWOOD FINANCIAL COM 669549107 14,077 -6,411 358 0.0000
2025-08-15 2025-06-30 13F NORWOOD FINANCIAL COM 669549107 20,488 620 3.12 528 10.00 0.0000
2025-05-15 2025-03-31 13F NORWOOD FINANCIAL COM 669549107 19,868 -6,079 -23.43 480 -31.91 0.0000
2025-05-15 2024-12-31 13F/A-1 NORWOOD FINANCIAL COM 669549107 25,947 -3,275 -11.21 706 -12.42 0.0000
2025-02-14 2024-12-31 13F NORWOOD FINANCIAL COM 669549107 25,947 -3,275 706 0.0000
2025-05-14 2024-09-30 13F/A-2 NORWOOD FINANCIAL COM 669549107 29,222 12,160 71.27 806 85.91 0.0001
2025-02-14 2024-09-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 29,222 12,160 806 0.0001
2024-11-14 2024-09-30 13F NORWOOD FINANCIAL COM 669549107 29,222 12,160 806 0.0000
2025-05-14 2024-06-30 13F/A-2 NORWOOD FINANCIAL COM 669549107 17,062 -3,113 -15.43 433 -20.99 0.0000
2024-10-17 2024-06-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 17,062 -3,113 433 0.0000
2024-08-14 2024-06-30 13F NORWOOD FINANCIAL COM 669549107 17,062 -3,113 433 0.0000
2024-10-17 2024-03-31 13F/A-2 NORWOOD FINL COM 669549107 20,175 -4,104 -16.90 549 -31.41 0.0000
2024-08-16 2024-03-31 13F/A-1 NORWOOD FINL COM 669549107 20,175 -4,104 549 0.0000
2024-05-15 2024-03-31 13F NORWOOD FINL COM 669549107 20,175 -4,104 549 0.0000
2024-08-16 2023-12-31 13F/A-1 NORWOOD FINL COM 669549107 24,279 8,612 54.97 799 98.26 0.0001
2024-02-13 2023-12-31 13F NORWOOD FINL COM 669549107 24,279 8,612 799 0.0001
2023-11-15 2023-09-30 13F NORWOOD FINL COM 669549107 15,667 -2,435 -13.45 404 -24.53 0.0000
2023-08-14 2023-06-30 13F NORWOOD FINL COM 669549107 18,102 -9,593 -34.64 535 -34.40 0.0001
2023-05-15 2023-03-31 13F NORWOOD FINL COM 669549107 27,695 9,845 55.15 815 36.58 0.0001
2023-02-14 2022-12-31 13F NORWOOD FINL COM 669549107 17,850 6,314 54.73 597 94.14 0.0001
2022-11-14 2022-09-30 13F NORWOOD FINL COM 669549107 11,536 146 1.28 307 10.83 0.0000
2022-10-27 2022-06-30 13F/A-1 NORWOOD FINL COM 669549107 11,390 1,766 18.35 277 0.73 0.0000
2022-08-15 2022-06-30 13F NORWOOD FINL COM 669549107 11,390 1,766 277 0.0000
2022-10-27 2022-03-31 13F/A-1 NORWOOD FINL COM 669549107 9,624 222 2.36 275 12.70 0.0000
2022-05-13 2022-03-31 13F NORWOOD FINL COM 669549107 9,624 222 275 0.0000
2022-02-14 2021-12-31 13F NORWOOD FINL COM 669549107 9,402 -995 -9.57 244 -7.92 0.0000
2021-11-15 2021-09-30 13F NORWOOD FINL COM 669549107 10,397 -721 -6.48 265 -8.62 0.0000
2021-08-23 2021-06-30 13F/A-1 NORWOOD FINL COM 669549107 11,118 -512 -4.40 290 -6.45 0.0000
2021-08-16 2021-06-30 13F NORWOOD FINL COM 669549107 11,118 -512 290 0.0000
2021-05-17 2021-03-31 13F NORWOOD FINL COM 669549107 11,630 -4,286 -26.93 310 -25.48 0.0000
2021-02-16 2020-12-31 13F NORWOOD FINL COM 669549107 15,916 3,772 31.06 416 40.54 0.0001
2020-11-13 2020-09-30 13F NORWOOD FINANCIAL COM 669549107 12,144 -1,276 -9.51 296 -11.11 0.0001
2020-08-14 2020-06-30 13F NORWOOD FINANCIAL COM 669549107 13,420 1,204 9.86 333 2.15 0.0001
2020-05-26 2020-03-31 13F/A-1 NORWOOD FINANCIAL COM 669549107 12,216 -5,912 -32.61 326 -53.76 0.0001
2020-05-15 2020-03-31 13F NORWOOD FINANCIAL COM 669549107 12,216 -5,912 326 25.0436
2020-02-14 2019-12-31 13F NORWOOD FINANCIAL COM 669549107 18,128 6,116 50.92 705 85.53 0.0002
2019-11-14 2019-09-30 13F NORWOOD FINANCIAL COM 669549107 12,012 1,691 16.38 380 5.56 0.0001
2019-08-14 2019-06-30 13F NORWOOD FINANCIAL COM 669549107 10,321 6,967 207.72 360 249.51 0.0001
2019-05-15 2019-03-31 13F NORWOOD FINANCIAL COM 669549107 3,354 -8,676 -72.12 103 -74.06 0.0000
2019-02-14 2018-12-31 13F NORWOOD FINANCIAL COM 669549107 12,030 1,940 19.23 397 0.51 0.0001
2019-04-23 2018-09-30 13F/A-2 NORWOOD FINANCIAL COM 669549107 10,090 -2,810 -21.78 395 -15.05 0.0001
2018-11-20 2018-09-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 10,090 0 395 0.0001
2018-11-14 2018-09-30 13F NORWOOD FINANCIAL COM 669549107 10,090 -2,810 395
2019-04-23 2018-06-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 12,900 -1,147 -8.17 465 9.93 0.0001
2018-08-14 2018-06-30 13F NORWOOD FINANCIAL COM 669549107 12,900 -1,147 465
2019-04-23 2018-03-31 13F/A-1 NORWOOD FINANCIAL COM 669549107 14,047 -1,438 -9.29 423 -17.38 0.0001
2018-05-14 2018-03-31 13F NORWOOD FINANCIAL COM 669549107 14,047 -1,438 423
2019-04-23 2017-12-31 13F/A-1 NORWOOD FINANCIAL COM 669549107 15,485 1,297 9.14 512 18.24 0.0001
2018-02-14 2017-12-31 13F NORWOOD FINANCIAL COM 669549107 15,485 1,297 512
2017-11-14 2017-09-30 13F NORWOOD FINANCIAL COM 669549107 14,188 10,628 298.54 433 186.75 0.0001
2017-08-11 2017-06-30 13F NORWOOD FINANCIAL COM 669549107 3,560 3,372 1,793.62 151 1,787.50 0.0000
2017-05-22 2017-03-31 13F/A-1 NORWOOD FINANCIAL COM 669549107 188 -12 -6.00 8 33.33 0.0000
2017-05-12 2017-03-31 13F NORWOOD FINANCIAL COM 669549107 188 8
2016-11-10 2016-09-30 13F NORWOOD FINANCIAL COM 669549107 200 0 0.00 6 0.00 0.0000
2016-08-12 2016-06-30 13F NORWOOD FINANCIAL COM 669549107 200 -4 -1.96 6 0.00 0.0000
2016-05-12 2016-03-31 13F NORWOOD FINANCIAL COM 669549107 204 198 3,300.00 6 0.00 0.0000
2016-02-09 2015-12-31 13F NORWOOD FINANCIAL COM 669549107 6 6 -97.06 0 -100.00 0.0000
2016-02-08 2015-09-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 0 -423 -100.00 0 -100.00
2015-08-12 2015-06-30 13F NORWOOD FINANCIAL COM 669549107 423 -1,387 -76.63 12 -76.00 0.0000
2015-05-14 2015-03-31 13F NORWOOD FINANCIAL COM 669549107 1,810 -82 -4.33 50 -9.09 0.0000
2015-02-13 2014-12-31 13F NORWOOD FINANCIAL COM 669549107 1,892 -3,724 -66.31 55 -65.62 0.0000
2014-12-16 2014-09-30 13F/A-1 NORWOOD FINANCIAL COM 669549107 5,616 -450 -7.42 160 -6.43 0.0001
2014-11-14 2014-09-30 13F NORWOOD FINANCIAL COM 669549107 5,616 160
2014-05-13 2014-03-31 13F NORWOOD FINANCIAL COM 669549107 6,066 6 0.10 171 4.91 0.0001
2014-02-13 2013-12-31 13F NORWOOD FINANCIAL COM 669549107 6,060 6,060 163 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.