FARMERS & MERCHANTS INVESTMENTS INC

Est. AUM

$3.62B

13F long equity, this entity only

Positions

1,760

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	iShares S&P 500 Index Fund	CORE S&P500 ETF	$253.3M	387788	6.99%	SOLE
2	Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	$233.9M	3649530	6.45%	SOLE
3	Nelnet, Inc.	CL A	$152.7M	1184351	4.21%	SOLE
4	iShares S&P Small Cap 600 Index ETF	CORE S&P SCP ETF	$150.9M	1213599	4.16%	SOLE
5	iShares S&P Midcap 400	CORE S&P MCP ETF	$127.3M	1885265	3.51%	SOLE
6	Apple Inc	COM	$111.7M	440311	3.08%	SOLE
7	Microsoft Corp	COM	$101.1M	273172	2.79%	SOLE
8	Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	$77.1M	1426926	2.13%	SOLE
9	Broadcom Inc	COM	$65.9M	213014	1.82%	SOLE
10	Vanguard Total Bond Market ETF	TOTAL BND MRKT	$59.5M	808536	1.64%	SOLE
11	Berkshire Hathaway Inc Del Cl B New	CL B NEW	$53.5M	111548	1.47%	SOLE
12	Alphabet Inc Class A	CAP STK CL A	$52.2M	181619	1.44%	SOLE
13	Walmart, Inc	COM	$52.0M	418464	1.44%	SOLE
14	iShares 0-5 Yr Inv Grd Corp Bond ETF	0-5YR INVT GR CP	$49.0M	970988	1.35%	SOLE
15	Wesco International Inc	COM	$48.0M	175597	1.33%	SOLE
16	Amphenol Corp Cl A	CL A	$46.1M	364984	1.27%	SOLE
17	Exxon Mobil Corp	COM	$45.3M	267283	1.25%	SOLE
18	JPMorgan Chase & Co.	COM	$44.8M	152429	1.24%	SOLE
19	Alphabet Inc Class C	CAP STK CL C	$42.5M	148082	1.17%	SOLE
20	Eli Lilly & Co	COM	$41.4M	45007	1.14%	SOLE
21	Advanced Micro Devices Inc	COM	$39.5M	194299	1.09%	SOLE
22	Johnson & Johnson	COM	$38.4M	157191	1.06%	SOLE
23	Amazon.com, Inc.	COM	$33.9M	162569	0.93%	SOLE
24	NVIDIA Corporation	COM	$32.3M	185342	0.89%	SOLE
25	Taiwan Semiconductor Manufacturing Company Ltd.	SPONSORED ADS	$31.6M	93376	0.87%	SOLE
26	Oracle Corp	COM	$30.8M	209349	0.85%	SOLE
27	Lowe's Companies, Inc	COM	$29.9M	126585	0.83%	SOLE
28	Goldman Sachs Group Inc.	COM	$27.4M	32384	0.76%	SOLE
29	Berkshire Hathaway Inc Del Cl A	CL A	$27.3M	38	0.75%	SOLE
30	PepsiCo Inc	COM	$26.3M	169402	0.73%	SOLE
31	Emerson Electric Co	COM	$24.1M	183571	0.66%	SOLE
32	Cisco Systems Inc	COM	$23.7M	305157	0.65%	SOLE
33	Chevron Corp	COM	$22.7M	109712	0.63%	SOLE
34	RTX Corp	COM	$22.2M	114879	0.61%	SOLE
35	Vanguard S&P 500 ETF	S&P 500 ETF SHS	$21.7M	36260	0.60%	SOLE
36	Vanguard S/T Corp Bond ETF	SHRT TRM CORP BD	$21.6M	272160	0.60%	SOLE
37	McDonald's Corp	COM	$20.9M	67249	0.58%	SOLE
38	Visa Inc.	COM CL A	$20.6M	68094	0.57%	SOLE
39	Air Products & Chemicals Inc	COM	$20.4M	70233	0.56%	SOLE
40	Texas Instruments Inc	COM	$20.1M	103491	0.55%	SOLE
41	Union Pacific Corp	COM	$20.0M	82296	0.55%	SOLE
42	Bank of America Corp	COM	$19.9M	407334	0.55%	SOLE
43	Procter & Gamble Co	COM	$19.5M	135346	0.54%	SOLE
44	CVS Health Corporation	COM	$18.7M	260653	0.52%	SOLE
45	Abbott Laboratories	COM	$18.2M	177525	0.50%	SOLE
46	Caterpillar Inc	COM	$18.2M	25697	0.50%	SOLE
47	iShares Russell 2000 Index Fund	RUSSELL 2000 ETF	$17.9M	72184	0.49%	SOLE
48	Abbvie Inc	COM	$17.9M	82168	0.49%	SOLE
49	Vanguard Short-Term Inflation -Protected Securities ETF	STRM INFPROIDX	$17.4M	348731	0.48%	SOLE
50	Costco Wholesale Corp	COM	$17.4M	17463	0.48%	SOLE

1–50 of 1,760

1 / 36

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.