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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) |
|---|---|---|---|---|---|
| DXP Enterprises Inc | COM NEW | 233377407 | — | 13 shares | $2,356 |
| Graphic Packaging Holding Co | COM | 388689101 | — | 260 shares | $2,353 |
| Sigma Lithium Corp | COM | 826599102 | — | 250 shares | $2,350 |
| Ingevity Corp | COM | 45688C107 | — | 33 shares | $2,335 |
| Hayward Holdings Inc | COM | 421298100 | — | 190 shares | $2,326 |
| Beacon Financial Corporation | COM | 084680107 | — | 83 shares | $2,323 |
| Harley Davidson Inc | COM | 412822108 | — | 95 shares | $2,321 |
| CorVel Corp | COM | 221006109 | — | 31 shares | $2,311 |
| Pebblebrook Hotel Trust REIT | COM | 70509V100 | — | 123 shares | $2,307 |
| Cargurus Inc | COM CL A | 141788109 | — | 74 shares | $2,306 |
| Patrick Industries Inc | COM | 703343103 | — | 34 shares | $2,305 |
| Freshpet Inc | COM | 358039105 | — | 40 shares | $2,302 |
| The Vita Coco Co Inc | COM | 92846Q107 | — | 40 shares | $2,290 |
| Innospec Inc | COM | 45768S105 | — | 24 shares | $2,288 |
| Kyndryl Holdings Inc | COMMON STOCK | 50155Q100 | — | 200 shares | $2,252 |
| ePlus Inc | COM | 294268107 | — | 25 shares | $2,250 |
| Agilysys Inc | COM | 00847J105 | — | 23 shares | $2,233 |
| Ichor Holdings Ltd | SHS | G4740B105 | — | 36 shares | $2,227 |
| Privia Health Group Inc | COM | 74276R102 | — | 113 shares | $2,225 |
| FB Financial Corp | COM | 30257X104 | — | 43 shares | $2,223 |
| Customers Bancorp Inc | COM | 23204G100 | — | 30 shares | $2,220 |
| Charter Communications Inc | CL A | 16119P108 | — | 20 shares | $2,218 |
| Banner Corp | COM NEW | 06652V208 | — | 33 shares | $2,211 |
| Neogen Corp | COM | 640491106 | — | 172 shares | $2,202 |
| Presitage Brands Holdings Inc | COM | 74112D101 | — | 48 shares | $2,202 |
| Versigent PLC | ORDINARY SHARES | G9600F104 | — | 49 shares | $2,202 |
| Invesco S&P MidCap Momentum ETF | S&P MDCP MOMNTUM | 46137V464 | — | 15 shares | $2,201 |
| The Chemours Co | COM | 163851108 | — | 162 shares | $2,198 |
| Proto Labs Inc | COM | 743713109 | — | 23 shares | $2,182 |
| British American Tobacco Plc ADR | SPONSORED ADR | 110448107 | — | 40 shares | $2,176 |
| LiveRamp Holdings Inc | COM | 53815P108 | — | 58 shares | $2,176 |
| Kaiser Aluminum Corp | COM PAR $0.01 | 483007704 | — | 15 shares | $2,172 |
| Manpower Inc | COM | 56418H100 | — | 39 shares | $2,168 |
| Visteon Corp | COM NEW | 92839U206 | — | 25 shares | $2,167 |
| Acushnet Holdings Corp | COM | 005098108 | — | 26 shares | $2,145 |
| Newell Brands Inc. | COM | 651229106 | — | 406 shares | $2,144 |
| Phinia Inc | COMMON STOCK | 71880K101 | — | 36 shares | $2,139 |
| Euronet Worldwide Inc | COM | 298736109 | — | 34 shares | $2,138 |
| Washington Federal Inc | COM | 938824109 | — | 71 shares | $2,125 |
| Credit Acceptance Corp | COM | 225310101 | — | 4 shares | $2,124 |
| Century Aluminum Company | COM | 156431108 | — | 59 shares | $2,123 |
| Vectrus Inc | COM | 92242T101 | — | 30 shares | $2,123 |
| Northwest Bancshares Inc | COM | 667340103 | — | 143 shares | $2,122 |
| Pitney Bowes | COM | 724479100 | — | 130 shares | $2,122 |
| Arcus Biosciences Inc | COM | 03969F109 | — | 82 shares | $2,118 |
| BancFirst Corp | COM | 05945F103 | — | 20 shares | $2,106 |
| H2O America | COM | 784305104 | — | 34 shares | $2,095 |
| Minerals Technologies Inc | COM | 603158106 | — | 32 shares | $2,093 |
| Acadia Healthcare Co Inc | COM | 00404A109 | — | 76 shares | $2,090 |
| Inspire Medical Systems Inc | COM | 457730109 | — | 30 shares | $2,081 |
| Red Rock Resorts Inc | CL A | 75700L108 | — | 42 shares | $2,081 |
| UFP Technologies Inc | COM | 902673102 | — | 7 shares | $2,078 |
| Wisdomtree Efficient Gold Plus Gold Miners Strategy Fund ETF | EFFICIENT GLD PL | 97717Y550 | — | 25 shares | $2,075 |
| Northwest Natural Holding Co | COM | 66765N105 | — | 44 shares | $2,053 |
| Quaker Chemical Corp | COM | 747316107 | — | 13 shares | $2,051 |
| Vericel Corp | COM | 92346J108 | — | 51 shares | $2,047 |
| Five9 Inc | COM | 338307101 | — | 60 shares | $2,041 |
| Dorian LPG Ltd | SHS USD | Y2106R110 | — | 37 shares | $2,037 |
| The Andersons Inc | COM | 034164103 | — | 31 shares | $2,037 |
| Rush Street Interactive Inc | COM | 782011100 | — | 100 shares | $2,033 |
| Shift4 Payments Inc | CL A | 82452J109 | — | 56 shares | $2,026 |
| LTC Properties Inc | COM | 502175102 | — | 47 shares | $2,015 |
| LCI Industries | COM | 50189K103 | — | 24 shares | $2,008 |
| Inter Parfums Inc | COM | 458334109 | — | 18 shares | $1,997 |
| Liquidia Corp | COM NEW | 53635D202 | — | 66 shares | $1,997 |
| Interface Inc | COM | 458665304 | — | 58 shares | $1,995 |
| Trinity Industries Inc | COM | 896522109 | — | 78 shares | $1,992 |
| Addus HomeCare Corp | COM | 006739106 | — | 18 shares | $1,990 |
| Encore Capital Group Inc | COM | 292554102 | — | 21 shares | $1,983 |
| Blackstone Mortgage Trust | COM CL A | 09257W100 | — | 173 shares | $1,981 |
| Pediatrix Medical Group Inc | COM | 58502B106 | — | 77 shares | $1,981 |
| OneSpaWorld Holdings Ltd | COM | P73684113 | — | 88 shares | $1,979 |
| OFG Bancorp | COM | 67103X102 | — | 39 shares | $1,953 |
| Perdoceo Education Corp | COM | 71363P106 | — | 63 shares | $1,949 |
| City Holding Co | COM | 177835105 | — | 14 shares | $1,948 |
| Choice Hotels International Inc | COM | 169905106 | — | 19 shares | $1,946 |
| Medline Inc | COM CL A | 58507V107 | — | 56 shares | $1,943 |
| Coupang Inc | CL A | 22266T109 | — | 140 shares | $1,942 |
| First Commonwealth Financial Corp | COM | 319829107 | — | 96 shares | $1,942 |
| InvenTrust Properties Corp REIT | COM NEW | 46124J201 | — | 64 shares | $1,930 |
| Green Brick Partners Inc | COM | 392709101 | — | 29 shares | $1,917 |
| Hilton Grand Vacations Inc | COM | 43283X105 | — | 55 shares | $1,906 |
| Cohen & Steers Inc | COM | 19247A100 | — | 26 shares | $1,901 |
| World Kinect Corp | COM | 981475106 | — | 54 shares | $1,899 |
| A10 Networks Inc | COM | 002121101 | — | 70 shares | $1,898 |
| Payoneer Global Inc | COM | 70451X104 | — | 263 shares | $1,878 |
| Peloton Interactive Inc | CL A COM | 70614W100 | — | 376 shares | $1,876 |
| Westlake Corp | COM | 960413102 | — | 30 shares | $1,869 |
| DoubleVerify Holdings Inc | COM | 25862V105 | — | 137 shares | $1,848 |
| Parsons Corp | COM | 70202L102 | — | 45 shares | $1,844 |
| PDF Solutions Inc | COM | 693282105 | — | 36 shares | $1,838 |
| Diebold Nixdorf Inc | COM SHS | 253651202 | — | 30 shares | $1,837 |
| Xencor Inc | COM | 98401F105 | — | 73 shares | $1,821 |
| LeMaitre Vascular Inc | COM | 525558201 | — | 22 shares | $1,817 |
| Photronics Inc | COM | 719405102 | — | 59 shares | $1,816 |
| Talos Energy Inc | COM | 87484T108 | — | 111 shares | $1,813 |
| Gulfport Energy Corp | COMMON SHARES | 402635502 | — | 12 shares | $1,806 |
| Scotts Miracle-Gro Co | CL A | 810186106 | — | 36 shares | $1,804 |
| Cencora Inc | COM | 03073E105 | — | 6 shares | $1,802 |
| NioCorp Developments Ltd | COM NEW | 654484609 | — | 500 shares | $1,800 |