← Back to Discover

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
  1. iShares S&P 500 Index Fund · CORE S&P500 ETF · 464287200 · shares: $300,547,876
  2. Vanguard FTSE Developed Markets ETF · VAN FTSE DEV MKT · 921943858 · shares: $271,039,874
  3. iShares S&P Small Cap 600 Index ETF · CORE S&P SCP ETF · 464287804 · shares: $152,433,364
  4. Apple Inc · COM · 037833100 · shares: $149,032,111
  5. Microsoft Corp · COM · 594918104 · shares: $146,478,598
  6. Nelnet, Inc. · CL A · 64031N108 · shares: $144,308,592
  7. iShares S&P Midcap 400 · CORE S&P MCP ETF · 464287507 · shares: $142,074,557
  8. Advanced Micro Devices Inc · COM · 007903107 · shares: $116,812,513
  9. Vanguard FTSE Emerging Markets ETF · FTSE EMR MKT ETF · 922042858 · shares: $79,271,848
  10. Broadcom Inc · COM · 11135F101 · shares: $73,393,442

Reported holdings

1,767 reported entries
IssuerClassCUSIPTypeShares / principalReported value (USD)
Walker & Dunlop IncCOM93148P102 — 35 shares $1,229
Merchants Bancorp/INCOM58844R108 — 25 shares $1,224
J & J Snack Foods CorpCOM466032109 — 16 shares $1,223
Tandem Diabetes Care IncCOM NEW875372203 — 75 shares $1,223
Everforth, IncCOM00191U102 — 37 shares $1,217
La-Z-Boy IncorporatedCOM505336107 — 41 shares $1,215
Adient PLCORD SHSG0084W101 — 72 shares $1,212
BJ's Resturant IncCOM09180C106 — 21 shares $1,203
Pacira BioSciences IncCOM695127100 — 48 shares $1,202
Kemper CorpCOM488401100 — 48 shares $1,200
Dentsply Sirona IncCOM24906P109 — 135 shares $1,196
Goodyear Tire Rubber CoCOM382550101 — 240 shares $1,193
Innovex International IncCOM457651107 — 44 shares $1,189
Gibraltar Industries IncCOM374689107 — 30 shares $1,188
ADI Global Distribution IncCOM SHS001026103 — 66 shares $1,183
ScanSource IncCOM806037107 — 20 shares $1,175
Deluxe CorporationCOM248019101 — 51 shares $1,171
Enact Holdings IncCOM29249E109 — 27 shares $1,168
Certara IncCOM15687V109 — 126 shares $1,159
United Fire Group IncCOM910340108 — 22 shares $1,157
Energizer Holdings IncCOM29272W109 — 54 shares $1,155
Preferred Bank Los Angeles CACOM NEW740367404 — 11 shares $1,152
MarineMax IncCOM567908108 — 22 shares $1,151
The Boston Beer Company, IncCL A100557107 — 7 shares $1,148
Tennant CoCOM880345103 — 17 shares $1,143
Gentherm IncCOM37253A103 — 34 shares $1,132
United States Lime & Minerals IncCOM911922102 — 10 shares $1,131
Reynolds Consumer Products IncCOM76171L106 — 52 shares $1,124
Lindsay ManufacturingCOM535555106 — 10 shares $1,119
Liquidity Services IncCOM53635B107 — 26 shares $1,114
Sylvamo CorpCOMMON STOCK871332102 — 34 shares $1,111
Heritage Financial CorpCOM42722X106 — 40 shares $1,105
Hornbeck Offshore Services IncCOM42330P107 — 143 shares $1,100
FMC CorpCOM NEW302491303 — 123 shares $1,097
iShares 0-5 Year TIPS Bond ETF0-5 YR TIPS ETF46429B747 — 11 shares $1,097
Del Monte CorporationORDG36738105 — 36 shares $1,079
Ellington Financial Inc REITCOM28852N109 — 91 shares $1,077
Hawaiian Elec IndustriesCOM419870100 — 120 shares $1,073
Easterly Government Properties Inc REITCOM SHS27616P301 — 46 shares $1,067
XPEL IncCOM98379L100 — 24 shares $1,060
Middlesex Water CoCOM596680108 — 20 shares $1,059
Main Street Capital HoldingsCOM56035L104 — 19 shares $1,046
Viad CorpCOM92552R406 — 21 shares $1,044
Amplify CWP International Enhanced Dividend Income ETFCWP INTL ENHANCE032108722 — 25 shares $1,039
Flowers Foods IncCOM343498101 — 187 shares $1,038
G-III Apparel Group LtdCOM36237H101 — 38 shares $1,031
LGI Homes IncCOM50187T106 — 22 shares $1,026
Comstock Resources IncCOM205768302 — 83 shares $1,023
Bristow Group IncCOM11040G103 — 25 shares $1,018
Yelp IncCL A985817105 — 55 shares $1,018
Artivion IncCOM228903100 — 44 shares $1,004
Cracker Barrel Old Country Store IncCOM22410J106 — 19 shares $1,000
Concentrix CorpCOM20602D101 — 40 shares $998
Goosehead Insurance IncCOM CL A38267D109 — 22 shares $998
PC Connection IncCOM69318J100 — 11 shares $993
Grocery Outlet Holding CorpCOM39874R101 — 87 shares $979
TrustCo Bank Corp NYCOM NEW898349204 — 18 shares $977
Pilgrim's Pride CorpCOM72147K108 — 36 shares $972
Central Pacific Financial CorpCOM NEW154760409 — 27 shares $969
Unitil CorpCOM913259107 — 19 shares $964
TripAdvisor Inc.COM896945201 — 115 shares $963
Amphastar Pharmaceuticals IncCOM03209R103 — 37 shares $955
Worthington Steel IncCOM SHS982104101 — 27 shares $951
Dauch CorporationCOM024061103 — 181 shares $945
Carter's IncCOM146229109 — 30 shares $939
Six Flags Entertainment CorpCOM83001C108 — 87 shares $932
Hanmi Financial CorpCOM NEW410495204 — 30 shares $927
Astec Industries IncCOM046224101 — 23 shares $926
Centerspace REITCOM15202L107 — 17 shares $925
QuinStreet IncCOM74874Q100 — 61 shares $916
Toyota Motor Corp ADRADS892331307 — 5 shares $916
NexGen Energy LtdCOM65340P106 — 100 shares $912
Sonic Automotive IncCL A83545G102 — 15 shares $905
Upbound Grp IncCOM76009N100 — 57 shares $895
Simply Good Foods CoCOM82900L102 — 93 shares $883
Integra LifeSciences Holdings CorpCOM NEW457985208 — 54 shares $879
Southside Bancshares IncCOM84470P109 — 29 shares $872
Cameco CorpCOM13321L108 — 10 shares $867
Tootsie Roll Industries, Inc.COM890516107 — 23 shares $864
Trupanion IncCOM898202106 — 37 shares $864
STAAR Surgical CoCOM PAR $0.01852312305 — 38 shares $859
NCR Voyix CorpCOM62886E108 — 124 shares $848
O-I Glass IncCOM67098H104 — 150 shares $848
Quantum Computing IncCOM74766W108 — 100 shares $845
Winnebago Industries IncCOM974637100 — 32 shares $844
Enovis CorporationCOM194014502 — 46 shares $840
Upwork IncCOM91688F104 — 102 shares $832
Atlas Energy Solutions IncCOM NEW642045108 — 69 shares $829
Koppers Holdings IncCOM50060P106 — 18 shares $821
Standard Motor Products IncCOM853666105 — 22 shares $816
Employers Holdings IncCOM292218104 — 17 shares $812
Coty IncCOM CL A222070203 — 307 shares $801
Virtus Investment PartnersCOM92828Q109 — 6 shares $794
National Beverage CorpCOM635017106 — 27 shares $788
ZoomInfo Technologies IncCOMMON STOCK98980F104 — 208 shares $788
Sabre CorpCOM78573M104 — 371 shares $787
Universal Technical InstituteCOM913915104 — 42 shares $784
F&G Annuities & Life IncCOMMON STOCK30190A104 — 36 shares $780
The Pennant Group IncCOM70805E109 — 20 shares $780
Eagle Bancorp IncCOM268948106 — 28 shares $778