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FARMERS & MERCHANTS INVESTMENTS INC — 13F Holdings & Portfolio

CIK 1259969 · latest 13F-HR filed 2026-07-20

Backtest portfolio

FARMERS & MERCHANTS INVESTMENTS INC manages $4.13B in 13F-reported U.S. long-equity assets across 1,760 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (7.09%), VEA (6.48%), IJR (4.01%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 62 new positions and exited 62; 996 existing positions rose in reported value and 374 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$4.13B

Long-equity book

Holdings
1,760

Distinct positions

Period
2026-06-30

Filed 2026-07-20

Q/Q Activity
+62 / −62 / ↑996 / ↓374

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
IVV7.1% · +1%VEA6.5% · +3%IJR4.0% · -8%NNI3.8% · -0%IJH3.6% · +3%AAPL3.1% · +2%AMD2.7% · -0%MSFT2.6% · +4%VWO1.9% · -7%AVGO1.9% · -4%GOOGL1.6% · +1%APH1.6% · +1%WCC1.5% · -1%BND1.4% · +1%BRK.B1.4% · +2%GOOG1.3% · +3%LLY1.3% · -1%JPM1.2% · +1%SLQD1.2% · +1%WMT1.1% · -3%TSM1.1% · +2%DELL1.0% · -2%AMZN1.0% · +5%JNJ1.0% · +1%NVDA1.0% · +8%XOM0.9% · +1%CSCO0.9% · -1%PANW0.8% · +6%GS0.8% · +0%TXN0.8% · +1%ORCL0.8% · +1%LOW0.7% · +3%BRK.A0.7% · -3%CVS0.7% · +1%CAT0.6% · -2%EMR0.6% · +1%UNH0.6% · +1%ASML0.6% · +2%VOO0.6% · +1%BAC0.6% · +2%PEP0.6% · +2%V0.6% · -0%UNP0.5% · -0%RTX0.5% · -0%IWM0.5% · +0%ABBV0.5% · +4%APD0.5% · +1%PG0.5% · +1%VCSH0.5% · -8%MCD0.4% · +2%DOV0.4% · -1%CVX0.4% · +0%COF0.4% · +3%VTIP0.4% · -4%MET0.4% · +0%USB0.4% · -1%ABT0.4% · +3%COST0.4% · +0%LIN0.4% · -1%ROST0.4% · -3%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 37.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

FARMERS & MERCHANTS INVESTMENTS INC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 iShares S&P 500 Index Fund IVV 464287200 $292.5M 7.09% 390,589 SH
2 Vanguard FTSE Developed Markets ETF VEA 921943858 $267.6M 6.48% 3,755,844 SH
3 iShares S&P Small Cap 600 Index ETF IJR 464287804 $165.6M 4.01% 1,116,608 SH
4 Nelnet, Inc. NNI 64031N108 $157.2M 3.81% 1,179,351 SH
5 iShares S&P Midcap 400 IJH 464287507 $149.5M 3.62% 1,938,937 SH
6 Apple Inc AAPL 037833100 $129.4M 3.14% 447,308 SH
7 Advanced Micro Devices Inc AMD 007903107 $112.4M 2.72% 193,518 SH
8 Microsoft Corp MSFT 594918104 $105.4M 2.55% 282,623 SH
9 Vanguard FTSE Emerging Markets ETF VWO 922042858 $79.2M 1.92% 1,326,765 SH
10 Broadcom Inc AVGO 11135F101 $77.6M 1.88% 205,311 SH
11 Alphabet Inc Class A GOOGL 02079K305 $65.7M 1.59% 183,721 SH
12 Amphenol Corp Cl A APH 032095101 $65.1M 1.58% 369,201 SH
13 Wesco International Inc WCC 95082P105 $60.1M 1.46% 174,057 SH
14 Vanguard Total Bond Market ETF BND 921937835 $59.7M 1.45% 813,345 SH
15 Berkshire Hathaway Inc Del Cl B New BRK.B 084670702 $57.1M 1.38% 114,155 SH
16 Alphabet Inc Class C GOOG 02079K107 $54.0M 1.31% 152,949 SH
17 Eli Lilly & Co LLY 532457108 $53.3M 1.29% 44,397 SH
18 JPMorgan Chase & Co. JPM 46625H100 $50.4M 1.22% 153,996 SH
19 iShares 0-5 Yr Inv Grd Corp Bond ETF SLQD 46434V100 $49.5M 1.20% 982,350 SH
20 Walmart, Inc WMT 931142103 $45.9M 1.11% 405,094 SH
21 Taiwan Semiconductor Manufacturing Company Ltd. TSM 874039100 $45.6M 1.10% 95,452 SH
22 Dell Technologies Inc Cl C DELL 24703L202 $42.4M 1.03% 98,373 SH
23 Amazon.com, Inc. AMZN 023135106 $40.8M 0.99% 171,378 SH
24 Johnson & Johnson JNJ 478160104 $40.5M 0.98% 159,376 SH
25 NVIDIA Corporation NVDA 67066G104 $39.8M 0.97% 199,159 SH
26 Exxon Mobil Corp XOM 30231G102 $37.0M 0.90% 270,273 SH
27 Cisco Systems Inc CSCO 17275R102 $35.4M 0.86% 301,674 SH
28 Palo Alto Networks, Inc. PANW 697435105 $34.6M 0.84% 101,488 SH
29 Goldman Sachs Group Inc. GS 38141G104 $32.9M 0.80% 32,556 SH
30 Texas Instruments Inc TXN 882508104 $31.3M 0.76% 104,902 SH
31 Oracle Corp ORCL 68389X105 $31.0M 0.75% 211,699 SH
32 Lowe's Companies, Inc LOW 548661107 $28.6M 0.69% 129,937 SH
33 Berkshire Hathaway Inc Del Cl A BRK.A 084670108 $27.7M 0.67% 37 SH
34 CVS Health Corporation CVS 126650100 $27.2M 0.66% 262,608 SH
35 Caterpillar Inc CAT 149123101 $26.7M 0.65% 25,053 SH
36 Emerson Electric Co EMR 291011104 $26.5M 0.64% 185,400 SH
37 UnitedHealth Group Inc UNH 91324P102 $26.2M 0.63% 63,018 SH
38 ASML Holding ASML N07059210 $25.1M 0.61% 12,630 SH
39 Vanguard S&P 500 ETF VOO 922908363 $25.1M 0.61% 36,563 SH
40 Bank of America Corp BAC 060505104 $23.6M 0.57% 414,377 SH
41 PepsiCo Inc PEP 713448108 $23.3M 0.56% 172,175 SH
42 Visa Inc. V 92826C839 $23.3M 0.56% 67,906 SH
43 Union Pacific Corp UNP 907818108 $22.4M 0.54% 82,218 SH
44 RTX Corp RTX 75513E101 $21.8M 0.53% 114,759 SH
45 iShares Russell 2000 Index Fund IWM 464287655 $21.7M 0.53% 72,308 SH
46 Abbvie Inc ABBV 00287Y109 $21.6M 0.52% 85,666 SH
47 Air Products & Chemicals Inc APD 009158106 $20.7M 0.50% 70,728 SH
48 Procter & Gamble Co PG 742718109 $20.0M 0.48% 136,436 SH
49 Vanguard S/T Corp Bond ETF VCSH 92206C409 $19.9M 0.48% 251,560 SH
50 McDonald's Corp MCD 580135101 $18.5M 0.45% 68,407 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-20 $4.13B 1,760 0001140361-26-028983
2026-03-31 2026-04-23 $3.62B 1,760 0001140361-26-016276
2025-12-31 2026-02-03 $3.62B 1,721 0001140361-26-003508
Filer Information
Address
PO BOX 82535
LINCOLN, NE 68501
Phone
(402) 323-1619
Filing Manager
FARMERS & MERCHANTS INVESTMENTS INC
LINCOLN, NE
Signatory
DORIS ROBERTSON
VICE PRESIDENT