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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 Value Index Fund | S&P 500 VAL ETF | 464287408 | — | 4,906 shares | $1,119,942 |
| iShares Gold Trust ETF | ISHARES NEW | 464285204 | — | 14,230 shares | $1,111,363 |
| State Street Technology Select Sector SPDR ETF | ST STR TECHN ETF | 81369Y803 | — | 5,655 shares | $1,106,966 |
| Expeditors International of Washington, Inc. | COM | 302130109 | — | 5,925 shares | $1,093,992 |
| Southern Co | COM | 842587107 | — | 13,014 shares | $1,078,730 |
| Vanguard Morningstar Mid-Cap Growth Index ETF | MRNGSTR MD CP GR | 922908538 | — | 3,562 shares | $1,040,460 |
| Cummins Inc. | COM | 231021106 | — | 2,000 shares | $1,033,140 |
| S&P Smallcap 600/Barra Growth Index Fund | S&P SML 600 GWT | 464287887 | — | 6,350 shares | $1,018,096 |
| Vanguard Morningstar Mid-Cap Value Index ETF | MRNGSTR MD CP VA | 922908512 | — | 5,169 shares | $1,010,695 |
| iShares Russell 1000 Value Fund | RUS 1000 VAL ETF | 464287598 | — | 3,978 shares | $986,266 |
| Vanguard Information Technology Index ETF | INF TECH ETF | 92204A702 | — | 7,378 shares | $927,193 |
| Micron Technology | COM | 595112103 | — | 865 shares | $921,320 |
| Ralliant Corp | COM | 750940108 | — | 13,167 shares | $910,761 |
| Zoetis Inc | CL A | 98978V103 | — | 12,946 shares | $904,019 |
| Arthur J. Gallagher & Co. | COM | 363576109 | — | 3,896 shares | $888,717 |
| Seagate Technology Holdings PLC | ORD SHS | G7997R103 | — | 959 shares | $884,524 |
| Altria Group Inc | COM | 02209S103 | — | 13,005 shares | $875,757 |
| Carrier Global Corp | COM | 14448C104 | — | 15,840 shares | $868,982 |
| Quest Diagnostics Inc | COM | 74834L100 | — | 3,718 shares | $866,554 |
| Kenvue Inc | COM | 49177J102 | — | 49,035 shares | $865,958 |
| Biogen Inc | COM | 09062X103 | — | 3,827 shares | $864,443 |
| The Williams Companies, Inc. | COM | 969457100 | — | 12,644 shares | $859,413 |
| Deere & Company | COM | 244199105 | — | 1,252 shares | $840,781 |
| Kraft Heinz Co | COM | 500754106 | — | 35,274 shares | $801,425 |
| General Dynamics Corp | COM | 369550108 | — | 2,402 shares | $797,056 |
| Shell PLC | SPON ADS | 780259305 | — | 8,279 shares | $786,919 |
| iShares Core MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 | — | 8,053 shares | $780,175 |
| T-Mobile US, Inc. | COM | 872590104 | — | 4,730 shares | $771,368 |
| iShares Russell 1000 Growth Index Fund | RUS 1000 GRW ETF | 464287614 | — | 6,156 shares | $771,101 |
| Schwab U.S. Large-Cap Growth ETF | US LCAP GR ETF | 808524300 | — | 21,304 shares | $765,453 |
| Applied Materials Common | COM | 038222105 | — | 1,490 shares | $761,956 |
| Invesco QQQ Trust | UNIT SER 1 | 46090E103 | — | 972 shares | $719,056 |
| Zimmer Biomet Holdings Inc | COM | 98956P102 | — | 8,001 shares | $710,729 |
| Dow Inc | COM | 260557103 | — | 25,560 shares | $703,922 |
| Northern Trust Corporation | COM | 665859104 | — | 4,133 shares | $699,965 |
| Vanguard Health Care ETF | HEALTH CAR ETF | 92204A504 | — | 2,200 shares | $695,376 |
| Solstice Advanced Materials Inc | COM SHS | 83443Q103 | — | 12,138 shares | $683,612 |
| Suncor Energy, Inc | COM | 867224107 | — | 9,915 shares | $672,931 |
| Garmin Ltd | SHS | H2906T109 | — | 2,260 shares | $648,258 |
| Terex Corporation | COM | 880779103 | — | 12,276 shares | $645,718 |
| Omnicom Group Inc | COM | 681919106 | — | 8,324 shares | $612,896 |
| Lockheed Martin Corporation | COM | 539830109 | — | 1,177 shares | $599,387 |
| State Street Energy Select Sector SPDR ETF | ST STR ENERG ETF | 81369Y506 | — | 8,918 shares | $548,457 |
| Paychex Inc | COM | 704326107 | — | 5,415 shares | $533,378 |
| Toronto - Dominion Bank | COM NEW | 891160509 | — | 4,500 shares | $528,885 |
| UMB Finl | COM | 902788108 | — | 4,062 shares | $528,101 |
| iShares DJ Select Dividend Index ETF | SELECT DIVID ETF | 464287168 | — | 3,434 shares | $522,208 |
| Science Applications Intl Corp | COM | 808625107 | — | 4,037 shares | $514,960 |
| Truist Financial Corp | COM | 89832Q109 | — | 11,090 shares | $513,467 |
| Fifth Third Bancorp | COM | 316773100 | — | 9,685 shares | $489,867 |
| Palantir Technologies Inc. | CL A | 69608A108 | — | 2,601 shares | $486,517 |
| State Street Corp | COM | 857477103 | — | 2,716 shares | $474,186 |
| Safehold Inc REIT | COM | 78646V107 | — | 40,057 shares | $471,471 |
| Waters Corp | COM | 941848103 | — | 1,072 shares | $471,026 |
| Booking Holdings Inc | COM | 09857L108 | — | 2,860 shares | $465,923 |
| Knight-Swift Transportation Holdings Inc | CL A | 499049104 | — | 7,140 shares | $454,033 |
| Energy Transfer L.P. | COM UT LTD PTN | 29273V100 | — | 22,546 shares | $445,734 |
| Werner Enterprises, Inc. | COM | 950755108 | — | 13,113 shares | $445,580 |
| iShares MSCI EAFE Growth Index ETF | EAFE GRWTH ETF | 464288885 | — | 3,615 shares | $433,185 |
| M&T Bank Corporation | COM | 55261F104 | — | 1,942 shares | $422,579 |
| Veralto Corp | COM SHS | 92338C103 | — | 4,371 shares | $412,273 |
| Viking Therapeutics Inc | COM | 92686J106 | — | 12,625 shares | $411,575 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | — | 7,293 shares | $410,742 |
| Vanguard Morningstar Value ETF | MRNGSTR VAL ETF | 922908744 | — | 1,858 shares | $401,477 |
| State Street SPDR S&P MidCap 400 ETF Trust | UTSER1 S&PDCRP | 78467Y107 | — | 600 shares | $394,026 |
| Schwab U.S. Large-Cap ETF | US LRG CAP ETF | 808524201 | — | 12,921 shares | $387,630 |
| Ingredion Inc | COM | 457187102 | — | 4,039 shares | $386,977 |
| State Street Financial Select Sector SPDR ETF | ST STR FINL ETF | 81369Y605 | — | 7,110 shares | $379,674 |
| Capital Group International Focus Equity ETF | SHS CREAT UNIT | 14019W109 | — | 10,855 shares | $372,218 |
| Manulife Financial Corp | COM | 56501R106 | — | 8,593 shares | $365,976 |
| Regions Financial Corp | COM | 7591EP100 | — | 13,607 shares | $365,756 |
| Schwab Fundamental Intl Equity ETF | FUNDAMENTAL INTL | 808524755 | — | 6,500 shares | $349,375 |
| Piper Sandler Companies | COM NEW | 724078209 | — | 5,265 shares | $347,332 |
| Bank of New York Mellon Corporation | COM | 064058100 | — | 2,393 shares | $346,100 |
| Synchrony Financial | COM | 87165B103 | — | 4,671 shares | $331,501 |
| SPDR Russell 1000 Low Volatility Focus ETF | ST STR R1K LOWV | 78468R754 | — | 2,342 shares | $325,355 |
| Freeport-McMoran Inc | CL B | 35671D857 | — | 4,630 shares | $324,100 |
| TotalEnergies SE | ACT | F92124100 | — | 3,709 shares | $318,516 |
| Kinder Morgan Inc. | COM | 49456B101 | — | 10,095 shares | $304,364 |
| Principal Financial Group, Inc. | COM | 74251V102 | — | 2,703 shares | $302,628 |
| CME Group, Inc | COM | 12572Q105 | — | 1,140 shares | $298,657 |
| Hunt (JB) Transport Services Inc | COM | 445658107 | — | 1,303 shares | $291,937 |
| Brookfield Corp | CL A LTD VT SH | 11271J107 | — | 7,867 shares | $286,831 |
| Xcel Energy | COM | 98389B100 | — | 4,055 shares | $285,796 |
| Vanguard High Dividend Yield ETF | HIGH DIV YLD | 921946406 | — | 1,840 shares | $285,568 |
| American Tower Corp | COM | 03027X100 | — | 1,731 shares | $283,347 |
| General Motors Co | COM | 37045V100 | — | 3,669 shares | $282,513 |
| iShares S&P SmallCap 600 Value ETF | SP SMCP600VL ETF | 464287879 | — | 2,100 shares | $269,010 |
| ONEOK Inc | COM | 30609A109 | — | 3,130 shares | $266,895 |
| Dimensional US Core Equity 2 ETF | US COR EQU 2 ETF | 25434V708 | — | 5,895 shares | $262,033 |
| Cintas Corp | COM | 172908105 | — | 1,310 shares | $255,529 |
| American Express Co | COM | 025816109 | — | 837 shares | $254,532 |
| Corteva, Inc. | COM | 22052L104 | — | 3,261 shares | $253,217 |
| TE Connectivity PLC | ORD SHS | G87052109 | — | 1,184 shares | $249,919 |
| PIMCO RAFI Dynamic Multi-Factor International Equity ETF | RAFI DYN MULTI | 72202L371 | — | 6,000 shares | $248,405 |
| Vanguard Morningstar Small-Cap Growth ETF | MRNGSTR SM CP GR | 922908595 | — | 731 shares | $246,954 |
| Unilever PLC ADR | SPON ADR NEW | 904767803 | — | 4,040 shares | $245,349 |
| Casey's General Stores, Inc. | COM | 147528103 | — | 395 shares | $240,342 |
| Tractor Supply Co | COM | 892356106 | — | 7,410 shares | $231,859 |
| iShares Core MSCI Emerging Markets ETF | CORE MSCI EMKT | 46434G103 | — | 2,827 shares | $229,439 |