FARMERS & MERCHANTS INVESTMENTS INC
Holdings as of 2026-06-30, filed 2026-07-20 · recorded 2026-08-06 04:06:57.879 UTC
This is history, not a current position. These holdings describe 2026-06-30, and the report became public 20 days later. The portfolio has changed since.
Aggregates
computed from the positions belowPositions reported
1,760
Value reported by manager
$4.1B
Sum of our stored positions
$4.1B
should match the line above
Disclosure lag
20 d
quarter end to filing
Top 5 concentration
25.6%
of the positions shown
New positions
0
vs previous quarter
Exited
0
vs previous quarter
Option positions
0
puts and calls
Positions
200 largest shown| Issuer | Class | Value | Shares | Type | CUSIP |
|---|---|---|---|---|---|
| iShares S&P 500 Index Fund | CORE S&P500 ETF | $292.5M | 390,589 | — | 464287200 |
| Vanguard FTSE Developed Markets ETF | VAN FTSE DEV MKT | $267.6M | 3,755,844 | — | 921943858 |
| iShares S&P Small Cap 600 Index ETF | CORE S&P SCP ETF | $165.6M | 1,116,608 | — | 464287804 |
| Nelnet, Inc. | CL A | $157.2M | 1,179,351 | — | 64031N108 |
| iShares S&P Midcap 400 | CORE S&P MCP ETF | $149.5M | 1,938,937 | — | 464287507 |
| Apple Inc | COM | $129.4M | 447,308 | — | 037833100 |
| Advanced Micro Devices Inc | COM | $112.4M | 193,518 | — | 007903107 |
| Microsoft Corp | COM | $105.4M | 282,623 | — | 594918104 |
| Vanguard FTSE Emerging Markets ETF | FTSE EMR MKT ETF | $79.2M | 1,326,765 | — | 922042858 |
| Broadcom Inc | COM | $77.6M | 205,311 | — | 11135F101 |
| Alphabet Inc Class A | CAP STK CL A | $65.7M | 183,721 | — | 02079K305 |
| Amphenol Corp Cl A | CL A | $65.1M | 369,201 | — | 032095101 |
| Wesco International Inc | COM | $60.1M | 174,057 | — | 95082P105 |
| Vanguard Total Bond Market ETF | TOTAL BND MRKT | $59.7M | 813,345 | — | 921937835 |
| Berkshire Hathaway Inc Del Cl B New | CL B NEW | $57.1M | 114,155 | — | 084670702 |
| Alphabet Inc Class C | CAP STK CL C | $54M | 152,949 | — | 02079K107 |
| Eli Lilly & Co | COM | $53.3M | 44,397 | — | 532457108 |
| JPMorgan Chase & Co. | COM | $50.4M | 153,996 | — | 46625H100 |
| iShares 0-5 Yr Inv Grd Corp Bond ETF | 0-5YR INVT GR CP | $49.5M | 982,350 | — | 46434V100 |
| Walmart, Inc | COM | $45.9M | 405,094 | — | 931142103 |
| Taiwan Semiconductor Manufacturing Company Ltd. | SPONSORED ADS | $45.6M | 95,452 | — | 874039100 |
| Dell Technologies Inc Cl C | CL C | $42.4M | 98,373 | — | 24703L202 |
| Amazon.com, Inc. | COM | $40.8M | 171,378 | — | 023135106 |
| Johnson & Johnson | COM | $40.5M | 159,376 | — | 478160104 |
| NVIDIA Corporation | COM | $39.8M | 199,159 | — | 67066G104 |
| Exxon Mobil Corp | COM | $37M | 270,273 | — | 30231G102 |
| Cisco Systems Inc | COM | $35.4M | 301,674 | — | 17275R102 |
| Palo Alto Networks, Inc. | COM | $34.6M | 101,488 | — | 697435105 |
| Goldman Sachs Group Inc. | COM | $32.9M | 32,556 | — | 38141G104 |
| Texas Instruments Inc | COM | $31.3M | 104,902 | — | 882508104 |
| Oracle Corp | COM | $31M | 211,699 | — | 68389X105 |
| Lowe's Companies, Inc | COM | $28.6M | 129,937 | — | 548661107 |
| Berkshire Hathaway Inc Del Cl A | CL A | $27.7M | 37 | — | 084670108 |
| CVS Health Corporation | COM | $27.2M | 262,608 | — | 126650100 |
| Caterpillar Inc | COM | $26.7M | 25,053 | — | 149123101 |
| Emerson Electric Co | COM | $26.5M | 185,400 | — | 291011104 |
| UnitedHealth Group Inc | COM | $26.2M | 63,018 | — | 91324P102 |
| ASML Holding | N Y REGISTRY SHS | $25.1M | 12,630 | — | N07059210 |
| Vanguard S&P 500 ETF | S&P 500 ETF SHS | $25.1M | 36,563 | — | 922908363 |
| Bank of America Corp | COM | $23.6M | 414,377 | — | 060505104 |
| PepsiCo Inc | COM | $23.3M | 172,175 | — | 713448108 |
| Visa Inc. | COM CL A | $23.3M | 67,906 | — | 92826C839 |
| Union Pacific Corp | COM | $22.4M | 82,218 | — | 907818108 |
| RTX Corp | COM | $21.8M | 114,759 | — | 75513E101 |
| iShares Russell 2000 Index Fund | RUSSELL 2000 ETF | $21.7M | 72,308 | — | 464287655 |
| Abbvie Inc | COM | $21.6M | 85,666 | — | 00287Y109 |
| Air Products & Chemicals Inc | COM | $20.7M | 70,728 | — | 009158106 |
| Procter & Gamble Co | COM | $20M | 136,436 | — | 742718109 |
| Vanguard S/T Corp Bond ETF | SHRT TRM CORP BD | $19.9M | 251,560 | — | 92206C409 |
| McDonald's Corp | COM | $18.5M | 68,407 | — | 580135101 |
| Dover Corp | COM | $18.3M | 81,499 | — | 260003108 |
| Chevron Corp | COM | $18.3M | 110,157 | — | 166764100 |
| Capital One Financial Corp | COM | $17.7M | 88,390 | — | 14040H105 |
| Vanguard Short-Term Inflation -Protected Securities ETF | STRM INFPROIDX | $16.9M | 335,679 | — | 922020805 |
| Metlife Inc | COM | $16.8M | 198,029 | — | 59156R108 |
| US Bancorp | COM NEW | $16.6M | 275,473 | — | 902973304 |
| Abbott Laboratories | COM | $16.6M | 182,692 | — | 002824100 |
| Costco Wholesale Corp | COM | $16.4M | 17,524 | — | 22160K105 |
| New Linde PLC | SHS | $16.2M | 31,198 | — | G54950103 |
| Ross Stores Inc | COM | $16.1M | 75,872 | — | 778296103 |
| Nucor Corp | COM | $16M | 71,960 | — | 670346105 |
| Enbridge Inc | COM | $15.9M | 292,885 | — | 29250N105 |
| Salesforce Inc | COM | $15.8M | 100,581 | — | 79466L302 |
| iShares S&P 500 Growth Index Fund | S&P 500 GRWT ETF | $15.3M | 111,546 | — | 464287309 |
| Waste Management Inc | COM | $15.2M | 68,281 | — | 94106L109 |
| Merck & Co., Inc | COM | $15.1M | 117,788 | — | 58933Y105 |
| Starbucks Corp | COM | $14.8M | 144,591 | — | 855244109 |
| iShares GNMA Bond ETF | GNMA BOND ETF | $14.6M | 330,244 | — | 46429B333 |
| Sysco Corp | COM | $14.5M | 173,992 | — | 871829107 |
| ICON PLC | SHS | $14.4M | 82,928 | — | G4705A100 |
| Walt Disney Company | COM | $14.3M | 148,428 | — | 254687106 |
| Aflac Inc common | COM | $14.3M | 121,837 | — | 001055102 |
| iShares Barclays MBS Bond Fund ETF | MBS ETF | $14.1M | 149,687 | — | 464288588 |
| Blackrock Inc | COM | $13.8M | 14,312 | — | 09290D101 |
| iShares Russell Mid-Cap Growth ETF | RUS MD CP GR ETF | $13.7M | 93,272 | — | 464287481 |
| Ameriprise Financial Inc | COM | $13.6M | 29,691 | — | 03076C106 |
| iShares iBoxx H/Y Corp Bond Fund ETF | IBOXX HI YD ETF | $13.6M | 169,455 | — | 464288513 |
| Vanguard Short-Term Bond ETF | SHORT TRM BOND | $13.1M | 168,486 | — | 921937827 |
| TJX Companies Inc | COM | $12.6M | 82,849 | — | 872540109 |
| Stryker Corp | COM | $12.4M | 39,439 | — | 863667101 |
| Meta Platforms Inc | CL A | $12.3M | 21,757 | — | 30303M102 |
| Qualcomm Inc | COM | $12.2M | 66,047 | — | 747525103 |
| Wells Fargo | COM | $12.1M | 146,477 | — | 949746101 |
| Edwards Lifesciences Corp | COM | $12.1M | 133,747 | — | 28176E108 |
| Verizon Communications | COM | $12M | 284,410 | — | 92343V104 |
| ITT Inc. | COM | $12M | 60,772 | — | 45073V108 |
| Roper Technologies Inc | COM | $12M | 35,448 | — | 776696106 |
| W W Grainger Inc | COM | $11.3M | 8,301 | — | 384802104 |
| Occidental Petroleum Corp | COM | $11M | 227,248 | — | 674599105 |
| Home Depot Inc | COM | $10.6M | 29,919 | — | 437076102 |
| Medtronic PLC | SHS | $10.4M | 133,089 | — | G5960L103 |
| ConocoPhillips | COM | $10.3M | 99,465 | — | 20825C104 |
| Automatic Data Processing | COM | $10.3M | 45,900 | — | 053015103 |
| NextEra Energy Inc. | COM | $10.3M | 117,021 | — | 65339F101 |
| Mondelez International Inc - A | CL A | $10.2M | 176,009 | — | 609207105 |
| Illinois Tool Works Inc | COM | $9.8M | 36,414 | — | 452308109 |
| State Street SPDR S&P 500 ETF Trust | TR UNIT | $9.5M | 12,691 | — | 78462F103 |
| Coca-Cola Co | COM | $9.4M | 115,698 | — | 191216100 |
| Johnson Controls International | SHS | $9.4M | 64,239 | — | G51502105 |
| Amgen Inc | COM | $9.3M | 25,625 | — | 031162100 |
| Digital Realty Trust Inc. | COM | $9.1M | 50,823 | — | 253868103 |
| Citigroup Inc | COM NEW | $9M | 64,208 | — | 172967424 |
| American Elec Pwr Inc | COM | $9M | 65,496 | — | 025537101 |
| AptarGroup Inc | COM | $8.8M | 69,985 | — | 038336103 |
| Nike Inc Cl B | CL B | $8.6M | 208,308 | — | 654106103 |
| iShares Barclays Aggregate Bond Fund | CORE US AGGBD ET | $8.3M | 84,038 | — | 464287226 |
| Uber Technologies Inc | COM | $8.1M | 112,259 | — | 90353T100 |
| FedEx Corp | COM | $8.1M | 25,744 | — | 31428X106 |
| Lam Research Corp | COM NEW | $8.1M | 18,595 | — | 512807306 |
| Corpay Inc | COM SHS | $7.4M | 22,067 | — | 219948106 |
| Realty Income Corp | COM | $7.3M | 117,544 | — | 756109104 |
| International Business Machines Corp | COM | $7.3M | 25,830 | — | 459200101 |
| NRC Health | COM NEW | $7.1M | 330,649 | — | 637372202 |
| iShares Russell Midcap Value Index Fund | RUS MDCP VAL ETF | $7.1M | 43,316 | — | 464287473 |
| Rockwell Automation Inc. | COM | $7M | 14,223 | — | 773903109 |
| Duke Energy Corporation | COM NEW | $7M | 55,513 | — | 26441C204 |
| AMETEK Inc | COM | $6.8M | 28,184 | — | 031100100 |
| iShares Russell 2000 Growth Index Fd | RUS 2000 GRW ETF | $6.8M | 17,242 | — | 464287648 |
| Danaher Corp | COM | $6.8M | 35,479 | — | 235851102 |
| Vanguard MSCI European ETF | FTSE EUROPE ETF | $6.6M | 74,719 | — | 922042874 |
| SLB Ltd | COM STK | $6.2M | 133,109 | — | 806857108 |
| Ecolab Inc | COM | $6.1M | 22,004 | — | 278865100 |
| ATI Inc | COM | $6.1M | 31,003 | — | 01741R102 |
| Phillips 66 | COM | $6M | 35,580 | — | 718546104 |
| Target Corp | COM | $6M | 45,675 | — | 87612E106 |
| Booz Allen Hamilton Holding Corp | CL A | $5.8M | 96,407 | — | 099502106 |
| Fortis Inc | COM | $5.8M | 100,834 | — | 349553107 |
| Novartis AG - ADR | SPONSORED ADR | $5.7M | 36,502 | — | 66987V109 |
| Honeywell International Inc | COM | $5.5M | 24,667 | — | 438516205 |
| Honeywell Aerospace Inc | COM | $5.5M | 24,667 | — | 43849R105 |
| S&P Global Inc. | COM | $5.2M | 12,743 | — | 78409V104 |
| Tesla Inc | COM | $5.2M | 12,295 | — | 88160R101 |
| Vanguard Dividend Appreciation Index ETF | DIV APP ETF | $4.8M | 20,096 | — | 921908844 |
| iShares MSCI EAFE Index Fund | MSCI EAFE ETF | $4.7M | 45,267 | — | 464287465 |
| Genuine Parts | COM | $4.7M | 39,414 | — | 372460105 |
| iShares Russell Midcap Index Fund | RUS MID CAP ETF | $4.6M | 41,859 | — | 464287499 |
| Albemarle Corp | COM | $4.5M | 33,067 | — | 012653101 |
| Fiserv Inc | COM | $4.4M | 90,686 | — | 337738108 |
| Pfizer Inc | COM | $4.4M | 180,784 | — | 717081103 |
| Comcast Corp Class A | CL A | $4.2M | 172,743 | — | 20030N101 |
| Sprouts Farmers Market Inc | COM | $4.2M | 49,427 | — | 85208M102 |
| Delta Air Lines Inc | COM NEW | $4.2M | 44,591 | — | 247361702 |
| Vanguard Real Estate Index ETF | REAL ESTATE ETF | $4.1M | 42,901 | — | 922908553 |
| Netflix Inc. | COM | $4.1M | 57,728 | — | 64110L106 |
| Vanguard Small-Cap Index ETF | SMALL CP ETF | $3.9M | 12,929 | — | 922908751 |
| Kimberly Clark Corp | COM | $3.7M | 33,711 | — | 494368103 |
| Federal Realty Investment Trust REIT | SH BEN INT NEW | $3.7M | 29,594 | — | 313745101 |
| WEC Energy Group Inc | COM | $3.6M | 30,722 | — | 92939U106 |
| Bristol Myers Squibb Co | COM | $3.5M | 61,042 | — | 110122108 |
| Evergy Inc | COM | $3.5M | 40,554 | — | 30034W106 |
| Vanguard Total Stock Market ETF | TOTAL STK MKT | $3.4M | 9,075 | — | 922908769 |
| Paypal Holdings Inc | COM | $3.4M | 77,634 | — | 70450Y103 |
| Black Hills Corp | COM | $3.3M | 44,158 | — | 092113109 |
| iShares Core S&P Total US Stock Market ETF | CORE S&P TTL STK | $3.2M | 19,559 | — | 464287150 |
| Norfolk Southern | COM | $3.1M | 9,968 | — | 655844108 |
| Vanguard Mid-Cap Index ETF | MID CAP ETF | $3.1M | 38,464 | — | 922908629 |
| GE Aerospace | COM NEW | $3M | 7,939 | — | 369604301 |
| Otis Worldwide Corp | COM | $2.9M | 40,325 | — | 68902V107 |
| Lennox International Inc. | COM | $2.9M | 5,021 | — | 526107107 |
| Becton Dickinson and Co | COM | $2.8M | 18,345 | — | 075887109 |
| iShares MSCI Emerging Mkts Index Fd | MSCI EMG MKT ETF | $2.7M | 39,709 | — | 464287234 |
| iShares S&P MidCap 400/Barra Growth Index Fund | S&P MC 400GR ETF | $2.7M | 22,758 | — | 464287606 |
| New Jersey Resources Corp | COM | $2.6M | 47,255 | — | 646025106 |
| Flextronics International Ltd. | ORD | $2.6M | 16,275 | — | Y2573F102 |
| iShares Russell 2000 Value Index Fund | RUS 2000 VAL ETF | $2.6M | 11,858 | — | 464287630 |
| Huntington Ingalls Industries | COM | $2.6M | 9,358 | — | 446413106 |
| GE Vernova Inc | COM | $2.6M | 2,209 | — | 36828A101 |
| T. Rowe Price Group Inc | COM | $2.5M | 22,168 | — | 74144T108 |
| Colgate Palmolive Co | COM | $2.5M | 27,261 | — | 194162103 |
| 3M Company | COM | $2.5M | 15,232 | — | 88579Y101 |
| Clorox Co Common | COM | $2.5M | 25,766 | — | 189054109 |
| Fortive Corp | COM | $2.4M | 39,161 | — | 34959J108 |
| United Parcel Service - Cl B | CL B | $2.4M | 22,084 | — | 911312106 |
| Vanguard Small-Cap Value Index ETF | SM CP VAL ETF | $2.3M | 9,658 | — | 922908611 |
| PPG Inds Inc | COM | $2.3M | 19,319 | — | 693506107 |
| Intel Corp | COM | $2.3M | 16,371 | — | 458140100 |
| The Boeing Co | COM | $2.2M | 10,141 | — | 097023105 |
| Mastercard Inc - Class A | CL A | $2.2M | 4,223 | — | 57636Q104 |
| CSX Corp | COM | $2.1M | 45,122 | — | 126408103 |
| Autozone Inc | COM | $2.1M | 669 | — | 053332102 |
| Fedex Freight Holding Co Inc | COMMON STOCK | $2M | 12,991 | — | 314352105 |
| Thermo Fisher Scientific | COM | $1.9M | 3,765 | — | 883556102 |
| IShares Edge MSCI USA Quality Factor ETF | MSCI USA QLT FCT | $1.8M | 8,034 | — | 46432F339 |
| General Mills, Inc. | COM | $1.7M | 50,256 | — | 370334104 |
| iShares S&P Midcap 400/Barra Value Index Fund | S&P MC 400VL ETF | $1.7M | 11,637 | — | 464287705 |
| Spdr Gold Trust | GOLD SHS | $1.7M | 4,576 | — | 78463V107 |
| Eaton Corp PLC | SHS | $1.6M | 3,793 | — | G29183103 |
| Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | ACTIVEBETA US LG | $1.6M | 10,948 | — | 381430503 |
| Philip Morris International Inc | COM | $1.5M | 8,546 | — | 718172109 |
| Vanguard Growth ETF | GROWTH ETF | $1.5M | 17,622 | — | 922908736 |
| Yum! Brands Inc | COM | $1.5M | 9,386 | — | 988498101 |
| Cummins Inc. | COM | $1.5M | 2,100 | — | 231021106 |
| Zoetis Inc | CL A | $1.5M | 20,451 | — | 98978V103 |
| Amcor PLC | COM NEW | $1.5M | 33,752 | — | G0250X149 |
| Welltower Inc | COM | $1.5M | 6,442 | — | 95040Q104 |
| Dominion Energy Inc | COM | $1.3M | 19,478 | — | 25746U109 |
| Schwab US Dividend Equity ETF | US DIVIDEND EQ | $1.3M | 41,456 | — | 808524797 |
| Invesco RAFI US 1000 ETF | RAFI US 1000 ETF | $1.3M | 23,831 | — | 46137V613 |
| Southern Co | COM | $1.2M | 13,000 | — | 842587107 |
| AT&T Inc | COM | $1.2M | 56,967 | — | 00206R102 |
Values are shown exactly as filed. Before 2023 managers reported in thousands of dollars and afterwards in whole dollars; the reporting unit is not always determinable from the document, so nothing is converted automatically.
Source: U.S. Securities and Exchange Commission, Form 13F · as of 2026-07-20