FARMERS & MERCHANTS INVESTMENTS INC — 13F Holdings & Portfolio
CIK 1259969 · latest 13F-HR filed 2026-04-23
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
$3.62B
Long-equity book
Holdings
1,760
Distinct positions
Period
2026-03-31
Filed 2026-04-23
Q/Q Activity
+72 / −33 / ↑572 / ↓665
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Exxon Mobil Corp$13.4M +42.0%
- Vanguard FTSE Developed Markets ETF$12.1M +5.5%
- iShares S&P Small Cap 600 Index ETF$8.7M +6.1%
- iShares S&P Midcap 400$6.4M +5.3%
- Chevron Corp$6.1M +36.6%
Top Trims
- Microsoft Corp-$25.9M -20.4%
- Oracle Corp-$9.1M -22.8%
- Broadcom Inc-$8.2M -11.0%
- Eli Lilly & Co-$6.2M -13.0%
- ICON PLC-$5.5M -37.4%
New Positions
- Amcor PLC$1.3M
- Piper Sandler Companies$401.1K
- SPDR Russell 1000 Low Volatility Focus ETF$312.9K
- Versant Media Group Inc$210.7K
- BlackRock 2037 Municipal Target Term Trust ETF$158.0K
Exited Positions
- Amcor PLC$1.3M
- Piper Sandler Companies$445.0K
- KLA Corporation$114.2K
- Astrazeneca Plc ADR$101.7K
- SPDR DJIA ETF Trust$30.3K
All Holdings
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 | $253.3M | 6.99% | 387,788 | SH |
| 2 | Vanguard FTSE Developed Markets ETF | VEA | 921943858 | $233.9M | 6.45% | 3,649,530 | SH |
| 3 | Nelnet, Inc. | NNI | 64031N108 | $152.7M | 4.21% | 1,184,351 | SH |
| 4 | iShares S&P Small Cap 600 Index ETF | IJR | 464287804 | $150.9M | 4.16% | 1,213,599 | SH |
| 5 | iShares S&P Midcap 400 | IJH | 464287507 | $127.3M | 3.51% | 1,885,265 | SH |
| 6 | Apple Inc | AAPL | 037833100 | $111.7M | 3.08% | 440,311 | SH |
| 7 | Microsoft Corp | MSFT | 594918104 | $101.1M | 2.79% | 273,172 | SH |
| 8 | Vanguard FTSE Emerging Markets ETF | VWO | 922042858 | $77.1M | 2.13% | 1,426,926 | SH |
| 9 | Broadcom Inc | AVGO | 11135F101 | $65.9M | 1.82% | 213,014 | SH |
| 10 | Vanguard Total Bond Market ETF | BND | 921937835 | $59.5M | 1.64% | 808,536 | SH |
| 11 | Berkshire Hathaway Inc Del Cl B New | BRK.B | 084670702 | $53.5M | 1.47% | 111,548 | SH |
| 12 | Alphabet Inc Class A | GOOGL | 02079K305 | $52.2M | 1.44% | 181,619 | SH |
| 13 | Walmart, Inc | WMT | 931142103 | $52.0M | 1.44% | 418,464 | SH |
| 14 | iShares 0-5 Yr Inv Grd Corp Bond ETF | SLQD | 46434V100 | $49.0M | 1.35% | 970,988 | SH |
| 15 | Wesco International Inc | WCC | 95082P105 | $48.0M | 1.33% | 175,597 | SH |
| 16 | Amphenol Corp Cl A | APH | 032095101 | $46.1M | 1.27% | 364,984 | SH |
| 17 | Exxon Mobil Corp | XOM | 30231G102 | $45.3M | 1.25% | 267,283 | SH |
| 18 | JPMorgan Chase & Co. | JPM | 46625H100 | $44.8M | 1.24% | 152,429 | SH |
| 19 | Alphabet Inc Class C | GOOG | 02079K107 | $42.5M | 1.17% | 148,082 | SH |
| 20 | Eli Lilly & Co | LLY | 532457108 | $41.4M | 1.14% | 45,007 | SH |
| 21 | Advanced Micro Devices Inc | AMD | 007903107 | $39.5M | 1.09% | 194,299 | SH |
| 22 | Johnson & Johnson | JNJ | 478160104 | $38.4M | 1.06% | 157,191 | SH |
| 23 | Amazon.com, Inc. | AMZN | 023135106 | $33.9M | 0.93% | 162,569 | SH |
| 24 | NVIDIA Corporation | NVDA | 67066G104 | $32.3M | 0.89% | 185,342 | SH |
| 25 | Taiwan Semiconductor Manufacturing Company Ltd. | TSM | 874039100 | $31.6M | 0.87% | 93,376 | SH |
| 26 | Oracle Corp | ORCL | 68389X105 | $30.8M | 0.85% | 209,349 | SH |
| 27 | Lowe's Companies, Inc | LOW | 548661107 | $29.9M | 0.83% | 126,585 | SH |
| 28 | Goldman Sachs Group Inc. | GS | 38141G104 | $27.4M | 0.76% | 32,384 | SH |
| 29 | Berkshire Hathaway Inc Del Cl A | BRK.A | 084670108 | $27.3M | 0.75% | 38 | SH |
| 30 | PepsiCo Inc | PEP | 713448108 | $26.3M | 0.73% | 169,402 | SH |
| 31 | Emerson Electric Co | EMR | 291011104 | $24.1M | 0.66% | 183,571 | SH |
| 32 | Cisco Systems Inc | CSCO | 17275R102 | $23.7M | 0.65% | 305,157 | SH |
| 33 | Chevron Corp | CVX | 166764100 | $22.7M | 0.63% | 109,712 | SH |
| 34 | RTX Corp | RTX | 75513E101 | $22.2M | 0.61% | 114,879 | SH |
| 35 | Vanguard S&P 500 ETF | VOO | 922908363 | $21.7M | 0.60% | 36,260 | SH |
| 36 | Vanguard S/T Corp Bond ETF | VCSH | 92206C409 | $21.6M | 0.60% | 272,160 | SH |
| 37 | McDonald's Corp | MCD | 580135101 | $20.9M | 0.58% | 67,249 | SH |
| 38 | Visa Inc. | V | 92826C839 | $20.6M | 0.57% | 68,094 | SH |
| 39 | Air Products & Chemicals Inc | APD | 009158106 | $20.4M | 0.56% | 70,233 | SH |
| 40 | Texas Instruments Inc | TXN | 882508104 | $20.1M | 0.55% | 103,491 | SH |
| 41 | Union Pacific Corp | UNP | 907818108 | $20.0M | 0.55% | 82,296 | SH |
| 42 | Bank of America Corp | BAC | 060505104 | $19.9M | 0.55% | 407,334 | SH |
| 43 | Procter & Gamble Co | PG | 742718109 | $19.5M | 0.54% | 135,346 | SH |
| 44 | CVS Health Corporation | CVS | 126650100 | $18.7M | 0.52% | 260,653 | SH |
| 45 | Abbott Laboratories | ABT | 002824100 | $18.2M | 0.50% | 177,525 | SH |
| 46 | Caterpillar Inc | CAT | 149123101 | $18.2M | 0.50% | 25,697 | SH |
| 47 | iShares Russell 2000 Index Fund | IWM | 464287655 | $17.9M | 0.49% | 72,184 | SH |
| 48 | Abbvie Inc | ABBV | 00287Y109 | $17.9M | 0.49% | 82,168 | SH |
| 49 | Vanguard Short-Term Inflation -Protected Securities ETF | VTIP | 922020805 | $17.4M | 0.48% | 348,731 | SH |
| 50 | Costco Wholesale Corp | COST | 22160K105 | $17.4M | 0.48% | 17,463 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |