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FARMERS & MERCHANTS INVESTMENTS INC
Period ended Sep 30, 2026 · Latest filing Oct 22, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Sep 30, 2026: $4,159,243,191
More quarters will appear as history becomes available.
Top holdings
Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- iShares S&P 500 Index Fund · CORE S&P500 ETF · 464287200 · shares: $300,547,876
- Vanguard FTSE Developed Markets ETF · VAN FTSE DEV MKT · 921943858 · shares: $271,039,874
- iShares S&P Small Cap 600 Index ETF · CORE S&P SCP ETF · 464287804 · shares: $152,433,364
- Apple Inc · COM · 037833100 · shares: $149,032,111
- Microsoft Corp · COM · 594918104 · shares: $146,478,598
- Nelnet, Inc. · CL A · 64031N108 · shares: $144,308,592
- iShares S&P Midcap 400 · CORE S&P MCP ETF · 464287507 · shares: $142,074,557
- Advanced Micro Devices Inc · COM · 007903107 · shares: $116,812,513
- Vanguard FTSE Emerging Markets ETF · FTSE EMR MKT ETF · 922042858 · shares: $79,271,848
- Broadcom Inc · COM · 11135F101 · shares: $73,393,442
Reported holdings
1,767 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| iShares S&P 500 Index Fund | CORE S&P500 ETF | 464287200 | — | 392,437 shares | $300,547,876 |
| Vanguard FTSE Developed Markets ETF | VAN FTSE DEV MKT | 921943858 | — | 3,838,548 shares | $271,039,874 |
| iShares S&P Small Cap 600 Index ETF | CORE S&P SCP ETF | 464287804 | — | 1,120,504 shares | $152,433,364 |
| Apple Inc | COM | 037833100 | — | 447,517 shares | $149,032,111 |
| Microsoft Corp | COM | 594918104 | — | 285,589 shares | $146,478,598 |
| Nelnet, Inc. | CL A | 64031N108 | — | 1,172,478 shares | $144,308,592 |
| iShares S&P Midcap 400 | CORE S&P MCP ETF | 464287507 | — | 1,974,629 shares | $142,074,557 |
| Advanced Micro Devices Inc | COM | 007903107 | — | 190,945 shares | $116,812,513 |
| Vanguard FTSE Emerging Markets ETF | FTSE EMR MKT ETF | 922042858 | — | 1,336,568 shares | $79,271,848 |
| Broadcom Inc | COM | 11135F101 | — | 208,985 shares | $73,393,442 |
| Alphabet Inc Class A | CAP STK CL A | 02079K305 | — | 185,481 shares | $63,820,302 |
| Wesco International Inc | COM | 95082P105 | — | 175,203 shares | $63,001,247 |
| Amphenol Corp Cl A | CL A | 032095101 | — | 735,821 shares | $62,029,710 |
| Vanguard Total Bond Market ETF | TOTAL BND MRKT | 921937835 | — | 826,668 shares | $57,990,760 |
| Berkshire Hathaway Inc Del Cl B New | CL B NEW | 084670702 | — | 114,085 shares | $56,808,626 |
| Alphabet Inc Class C | CAP STK CL C | 02079K107 | — | 159,547 shares | $54,364,045 |
| JPMorgan Chase & Co. | COM | 46625H100 | — | 154,589 shares | $51,142,679 |
| Eli Lilly & Co | COM | 532457108 | — | 44,082 shares | $51,006,401 |
| Dell Technologies Inc Cl C | CL C | 24703L202 | — | 94,478 shares | $50,824,440 |
| iShares 0-5 Yr Inv Grd Corp Bond ETF | 0-5YR INVT GR CP | 46434V100 | — | 1,015,991 shares | $50,266,460 |
| NVIDIA Corporation | COM | 67066G104 | — | 206,966 shares | $47,266,895 |
| Taiwan Semiconductor Manufacturing Company Ltd. | SPONSORED ADS | 874039100 | — | 97,970 shares | $44,692,934 |
| Amazon.com, Inc. | COM | 023135106 | — | 178,820 shares | $44,553,003 |
| ExxonMobil Holdings Corp | COM SHS | 30233Q108 | — | 269,073 shares | $43,791,631 |
| Walmart, Inc | COM | 931142103 | — | 409,071 shares | $42,510,658 |
| Johnson & Johnson | COM | 478160104 | — | 160,213 shares | $42,414,790 |
| Palo Alto Networks, Inc. | COM | 697435105 | — | 102,396 shares | $40,682,955 |
| Cisco Systems Inc | COM | 17275R102 | — | 301,394 shares | $32,439,036 |
| Goldman Sachs Group Inc. | COM | 38141G104 | — | 32,768 shares | $29,502,996 |
| Oracle Corp | COM | 68389X105 | — | 212,500 shares | $29,176,250 |
| Texas Instruments Inc | COM | 882508104 | — | 103,724 shares | $29,052,055 |
| Emerson Electric Co | COM | 291011104 | — | 185,642 shares | $28,793,074 |
| Berkshire Hathaway Inc Del Cl A | CL A | 084670108 | — | 37 shares | $27,639,185 |
| Vanguard S&P 500 ETF | S&P 500 ETF SHS | 922908363 | — | 35,911 shares | $25,168,583 |
| Lowe's Companies, Inc | COM | 548661107 | — | 132,083 shares | $24,341,576 |
| Visa Inc. | COM CL A | 92826C839 | — | 67,149 shares | $24,128,650 |
| Salesforce Inc | COM | 79466L302 | — | 103,283 shares | $23,710,678 |
| ASML Holding | N Y REGISTRY SHS | N07059210 | — | 12,905 shares | $23,379,601 |
| UnitedHealth Group Inc | COM | 91324P102 | — | 63,031 shares | $23,137,419 |
| CVS Health Corporation | COM | 126650100 | — | 266,457 shares | $22,832,700 |
| PepsiCo Inc | COM | 713448108 | — | 178,562 shares | $22,627,377 |
| Bank of America Corp | COM | 060505104 | — | 415,448 shares | $22,612,835 |
| Chevron Corp | COM | 166764100 | — | 110,613 shares | $22,588,281 |
| Abbvie Inc | COM | 00287Y109 | — | 86,182 shares | $22,544,349 |
| Union Pacific Corp | COM | 907818108 | — | 82,211 shares | $22,372,079 |
| RTX Corp | COM | 75513E101 | — | 112,561 shares | $20,896,950 |
| Vanguard S/T Corp Bond ETF | SHRT TRM CORP BD | 92206C409 | — | 264,210 shares | $20,410,223 |
| Caterpillar Inc | COM | 149123101 | — | 25,024 shares | $20,289,209 |
| Procter & Gamble Co | COM | 742718109 | — | 136,696 shares | $19,859,122 |
| Air Products & Chemicals Inc | COM | 009158106 | — | 70,912 shares | $19,729,846 |
| iShares Russell 2000 Index Fund | RUSSELL 2000 ETF | 464287655 | — | 70,483 shares | $19,586,521 |
| Metlife Inc | COM | 59156R108 | — | 197,885 shares | $18,632,852 |
| Abbott Laboratories | COM | 002824100 | — | 187,799 shares | $18,560,175 |
| Ross Stores Inc | COM | 778296103 | — | 75,270 shares | $17,568,018 |
| Capital One Financial Corp | COM | 14040H105 | — | 89,026 shares | $17,188,250 |
| Merck & Co., Inc | COM | 58933Y105 | — | 117,469 shares | $17,069,420 |
| Costco Wholesale Corp | COM | 22160K105 | — | 18,684 shares | $17,008,793 |
| Nucor Corp | COM | 670346105 | — | 71,192 shares | $16,641,130 |
| McDonald's Corp | COM | 580135101 | — | 70,786 shares | $16,347,319 |
| Meta Platforms Inc | CL A | 30303M102 | — | 22,493 shares | $16,311,474 |
| Vanguard Short-Term Inflation -Protected Securities ETF | STRM INFPROIDX | 922020805 | — | 322,638 shares | $15,880,242 |
| iShares S&P 500 Growth Index Fund | S&P 500 GRWT ETF | 464287309 | — | 110,781 shares | $15,759,705 |
| US Bancorp | COM NEW | 902973304 | — | 272,266 shares | $15,726,084 |
| Walt Disney Company | COM | 254687106 | — | 149,125 shares | $15,643,213 |
| Blackrock Inc | COM | 09290D101 | — | 14,414 shares | $15,254,192 |
| Dover Corp | COM | 260003108 | — | 81,222 shares | $15,192,575 |
| New Linde PLC | SHS | G54950103 | — | 30,957 shares | $14,693,740 |
| Ameriprise Financial Inc | COM | 03076C106 | — | 29,641 shares | $14,593,746 |
| iShares GNMA Bond ETF | GNMA BOND ETF | 46429B333 | — | 338,961 shares | $14,188,907 |
| iShares Barclays MBS Bond Fund ETF | MBS ETF | 464288588 | — | 157,087 shares | $14,078,137 |
| Waste Management Inc | COM | 94106L109 | — | 68,234 shares | $13,914,277 |
| Enbridge Inc | COM | 29250N105 | — | 296,817 shares | $13,799,022 |
| Starbucks Corp | COM | 855244109 | — | 145,248 shares | $13,647,502 |
| ICON PLC | SHS | G4705A100 | — | 80,009 shares | $13,600,730 |
| Aflac Inc common | COM | 001055102 | — | 120,876 shares | $13,511,519 |
| Sysco Corp | COM | 871829107 | — | 172,877 shares | $13,477,491 |
| iShares iBoxx H/Y Corp Bond Fund ETF | IBOXX HI YD ETF | 464288513 | — | 170,749 shares | $13,183,530 |
| Verizon Communications | COM | 92343V104 | — | 282,150 shares | $12,942,220 |
| iShares Russell Mid-Cap Growth ETF | RUS MD CP GR ETF | 464287481 | — | 93,404 shares | $12,859,863 |
| Vanguard Short-Term Bond ETF | SHORT TRM BOND | 921937827 | — | 166,386 shares | $12,711,890 |
| Roper Technologies Inc | COM | 776696106 | — | 36,103 shares | $12,614,749 |
| ConocoPhillips | COM | 20825C104 | — | 99,228 shares | $12,418,384 |
| ITT Inc. | COM | 45073V108 | — | 61,518 shares | $12,415,563 |
| Occidental Petroleum Corp | COM | 674599105 | — | 220,943 shares | $12,222,567 |
| Qualcomm Inc | COM | 747525103 | — | 65,301 shares | $12,017,996 |
| Automatic Data Processing | COM | 053015103 | — | 45,836 shares | $11,828,438 |
| Edwards Lifesciences Corp | COM | 28176E108 | — | 134,493 shares | $11,609,436 |
| Wells Fargo | COM | 949746101 | — | 144,394 shares | $11,558,740 |
| Medtronic PLC | SHS | G5960L103 | — | 131,507 shares | $11,347,739 |
| TJX Companies Inc | COM | 872540109 | — | 82,714 shares | $10,943,889 |
| Stryker Corp | COM | 863667101 | — | 39,416 shares | $10,854,772 |
| Amgen Inc | COM | 031162100 | — | 25,600 shares | $10,790,656 |
| NRC Health | COM NEW | 637372202 | — | 501,731 shares | $10,631,680 |
| Mondelez International Inc - A | CL A | 609207105 | — | 174,393 shares | $10,083,403 |
| Coca-Cola Co | COM | 191216100 | — | 115,036 shares | $9,902,299 |
| State Street SPDR S&P 500 ETF Trust | TR UNIT | 78462F103 | — | 12,850 shares | $9,799,796 |
| W W Grainger Inc | COM | 384802104 | — | 7,850 shares | $9,779,216 |
| Johnson Controls International | SHS | G51502105 | — | 65,195 shares | $9,691,237 |
| NextEra Energy Inc. | COM | 65339F101 | — | 123,923 shares | $9,385,928 |
| Illinois Tool Works Inc | COM | 452308109 | — | 36,223 shares | $9,319,453 |