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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) |
|---|---|---|---|---|---|
| Herc Holdings Inc | COM | 42704L104 | — | 24 shares | $2,995 |
| WesBanco Inc | COM | 950810101 | — | 80 shares | $2,994 |
| BILL Holdings Inc | COM | 090043100 | — | 70 shares | $2,978 |
| QXO Inc | COM NEW | 82846H405 | — | 254 shares | $2,969 |
| Seacoast Banking Corp of Florida | COM NEW | 811707801 | — | 93 shares | $2,960 |
| Palomar Holdings Inc | COM | 69753M105 | — | 24 shares | $2,959 |
| Planet Fitness Inc | CL A | 72703H101 | — | 70 shares | $2,955 |
| Independence Realty Trust Inc REIT | COM | 45378A106 | — | 203 shares | $2,950 |
| NCR Atleos Corp | COM SHS | 63001N106 | — | 65 shares | $2,937 |
| ArcBest Corp | COM | 03937C105 | — | 23 shares | $2,931 |
| Asbury Automotive Group Inc | COM | 043436104 | — | 17 shares | $2,929 |
| Cal-Maine Foods, Inc. | COM NEW | 128030202 | — | 43 shares | $2,927 |
| Spotify Technology SA | SHS | L8681T102 | — | 6 shares | $2,924 |
| OSI Systems, Inc. | COM | 671044105 | — | 15 shares | $2,916 |
| WisdomTree Inc | COM | 97717P104 | — | 120 shares | $2,915 |
| Group 1 Automotive Inc | COM | 398905109 | — | 12 shares | $2,885 |
| International Bancshares Corp | COM | 459044103 | — | 42 shares | $2,877 |
| Kadant Inc | COM | 48282T104 | — | 11 shares | $2,877 |
| BankUnited Inc | COM | 06652K103 | — | 68 shares | $2,870 |
| Curbline Properties Corp REIT | COM | 23128Q101 | — | 103 shares | $2,866 |
| Mirion Technologies Inc | COM CL A | 60471A101 | — | 203 shares | $2,866 |
| Kinetik Holdings Inc | COM NEW CL A | 02215L209 | — | 57 shares | $2,861 |
| National HealthCare Corp | COM | 635906100 | — | 13 shares | $2,854 |
| Avista Corporation | COM | 05379B107 | — | 81 shares | $2,842 |
| TransMedics Group Inc | COM | 89377M109 | — | 34 shares | $2,837 |
| First Hawaiian Inc | COM | 32051X108 | — | 115 shares | $2,831 |
| First Interstate BancSystem Inc | COM | 32055Y201 | — | 79 shares | $2,823 |
| Sphere Entertainment Co | CL A | 55826T102 | — | 21 shares | $2,823 |
| Benchmark Electronics, Inc. | COM | 08160H101 | — | 34 shares | $2,819 |
| Adeia Inc | COM | 00676P107 | — | 110 shares | $2,816 |
| NMI Holdings Inc | COM | 629209305 | — | 75 shares | $2,799 |
| ABM Industries Inc | COM | 000957100 | — | 58 shares | $2,790 |
| KB HOME | COM | 48666K109 | — | 60 shares | $2,788 |
| Bath & Body Works Inc | COM | 070830104 | — | 175 shares | $2,786 |
| Arcutis Biotherapeutics Inc | COM | 03969K108 | — | 104 shares | $2,749 |
| Exponent Inc | COM | 30214U102 | — | 42 shares | $2,748 |
| Yeti Holdings Inc | COM | 98585X104 | — | 67 shares | $2,748 |
| NetScout Systems Inc | COM | 64115T104 | — | 68 shares | $2,732 |
| Alarm.com Holdings Inc | COM | 011642105 | — | 50 shares | $2,724 |
| Ashland Inc | COM | 044186104 | — | 40 shares | $2,717 |
| Assured Guaranty LTD | COM | G0585R106 | — | 40 shares | $2,709 |
| Park Hotels & Resorts Inc | COM | 700517105 | — | 175 shares | $2,699 |
| Brighthouse Financial Inc | COM | 10922N103 | — | 54 shares | $2,695 |
| National Health Invs Inc | COM | 63633D104 | — | 41 shares | $2,691 |
| California Water Service Group | COM | 130788102 | — | 58 shares | $2,684 |
| Park National Corp | COM | 700658107 | — | 15 shares | $2,680 |
| WillScot Mobile Mini Holdings Corp | COM CL A | 971378104 | — | 154 shares | $2,646 |
| Flagstar Bank, N.A. | COM NEW | 649445400 | — | 226 shares | $2,637 |
| Waystar Holding Corp | COM | 946784105 | — | 104 shares | $2,635 |
| WD-40 Company | COM | 929236107 | — | 13 shares | $2,626 |
| Penguin Solutions Inc | COM | 706915105 | — | 48 shares | $2,625 |
| Post Holdings Inc | COM | 737446104 | — | 36 shares | $2,623 |
| HB Fuller Co | COM | 359694106 | — | 53 shares | $2,622 |
| Bank of Hawaii Corp | COM | 062540109 | — | 38 shares | $2,619 |
| Life360 Inc | COM | 532206109 | — | 65 shares | $2,618 |
| Nicolet Bankshares Inc | COM | 65406E102 | — | 16 shares | $2,608 |
| Acadia Pharmaceuticals Inc | COM | 004225108 | — | 129 shares | $2,599 |
| ADT Inc | COM | 00090Q103 | — | 427 shares | $2,596 |
| Pegasystems Inc | COM | 705573103 | — | 78 shares | $2,596 |
| AtriCure Inc | COM | 04963C209 | — | 46 shares | $2,585 |
| American Eagle Outfitters, Inc. | COM | 02553E106 | — | 145 shares | $2,578 |
| Dave Inc | CLASS A COM NEW | 23834J201 | — | 8 shares | $2,572 |
| Silgan Holdings Inc | COM | 827048109 | — | 74 shares | $2,572 |
| Mercury General Corp | COM | 589400100 | — | 26 shares | $2,570 |
| Acadian Asset Management Inc | COM | 10948W103 | — | 28 shares | $2,568 |
| Teradata Corp | COM | 88076W103 | — | 89 shares | $2,567 |
| The St. Joe Company | COM | 790148100 | — | 39 shares | $2,565 |
| LifeStance Health Group Inc | COM | 53228F101 | — | 213 shares | $2,562 |
| NBT Bancorp Inc | COM | 628778102 | — | 51 shares | $2,558 |
| Marriott Vacations Worldwide Corp | COM | 57164Y107 | — | 25 shares | $2,557 |
| Cushman & Wakefield Ltd | COMMON SHARES | G2717C106 | — | 216 shares | $2,551 |
| Wingstop Inc | COM | 974155103 | — | 24 shares | $2,529 |
| Artisan Partners Asset Management Inc | CL A | 04316A108 | — | 70 shares | $2,528 |
| Boise Cascade Co | COM | 09739D100 | — | 34 shares | $2,521 |
| Hawkins Inc | COM | 420261109 | — | 20 shares | $2,520 |
| Amentum Holdings Inc | COM | 023939101 | — | 139 shares | $2,519 |
| Trustmark Corp | COM | 898402102 | — | 56 shares | $2,510 |
| Maximus Inc | COM | 577933104 | — | 47 shares | $2,500 |
| MGE Energy Inc | COM | 55277P104 | — | 36 shares | $2,500 |
| Supernus Pharmaceuticals Inc | COM | 868459108 | — | 58 shares | $2,496 |
| Power Integrations Inc | COM | 739276103 | — | 48 shares | $2,486 |
| Provident Financial Services Inc | COM | 74386T105 | — | 111 shares | $2,459 |
| Rogers Corp | COM | 775133101 | — | 16 shares | $2,448 |
| Four Corners Property Trust | COM | 35086T109 | — | 112 shares | $2,437 |
| Resideo Technologies, Inc | COM | 76118Y104 | — | 133 shares | $2,414 |
| Shake Shack Inc | CL A | 819047101 | — | 41 shares | $2,406 |
| Neogenomics Inc | COM NEW | 64049M209 | — | 131 shares | $2,405 |
| Northern Oil and Gas Inc | COM | 665531307 | — | 105 shares | $2,402 |
| Urban Edge Properties | COM | 91704F104 | — | 123 shares | $2,402 |
| Acadia Realty Trust REIT | COM SH BEN INT | 004239109 | — | 128 shares | $2,399 |
| Banc of California Inc | COM | 05990K106 | — | 139 shares | $2,395 |
| Liberty Energy Inc | COM CL A | 53115L104 | — | 131 shares | $2,387 |
| First Bancorp | COM | 318910106 | — | 39 shares | $2,383 |
| ADMA Biologics Inc | COM | 000899104 | — | 237 shares | $2,377 |
| SiriusPoint Ltd | COM | G8192H106 | — | 98 shares | $2,377 |
| Advance Auto Parts Inc. | COM | 00751Y106 | — | 61 shares | $2,374 |
| Knife River Corp | COMMON STOCK | 498894104 | — | 47 shares | $2,370 |
| Kennametal Inc | COM | 489170100 | — | 77 shares | $2,367 |
| Warby Parker Inc | CL A COM | 93403J106 | — | 85 shares | $2,361 |
| DNOW Inc | COM | 67011P100 | — | 152 shares | $2,356 |