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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) |
|---|---|---|---|---|---|
| Coherent Corp | COM | 19247G107 | — | 123 shares | $35,401 |
| Ciena Corp | COM NEW | 171779309 | — | 100 shares | $35,182 |
| Sempra | COM | 816851109 | — | 450 shares | $35,082 |
| MSCI Inc | COM | 55354G100 | — | 65 shares | $35,013 |
| Wabtec Corp | COM | 929740108 | — | 121 shares | $34,749 |
| Apollo Global Management LLC Cl A | COM | 03769M106 | — | 298 shares | $34,586 |
| Vanguard Russell 1000 | VNG RUS1000IDX | 92206C730 | — | 100 shares | $34,400 |
| Versant Media Group Inc | COM CL A | 925283103 | — | 1,085 shares | $34,395 |
| White Mountains insurance Group Ltd | COM | G9618E107 | — | 17 shares | $34,110 |
| Agilent Technologies Inc. | COM | 00846U101 | — | 195 shares | $33,600 |
| Western Union | COM | 959802109 | — | 5,661 shares | $33,400 |
| iShares Dow Jones U.S. Basic Materials Sector Index Fund | U.S. BAS MTL ETF | 464287838 | — | 185 shares | $32,954 |
| Vistra Corp | COM | 92840M102 | — | 238 shares | $32,927 |
| First Trust Rising Dividend Achievers ETF | RISNG DIVD ACHIV | 33738R506 | — | 418 shares | $32,725 |
| IQVIA Holdings Inc | COM | 46266C105 | — | 121 shares | $32,531 |
| L3 Harris Technologies Inc | COM | 502431109 | — | 137 shares | $32,439 |
| Willis Towers Watson PLC | SHS | G96629103 | — | 112 shares | $32,282 |
| The Hershey Company | COM | 427866108 | — | 202 shares | $31,837 |
| eBay Inc. | COM | 278642103 | — | 300 shares | $31,815 |
| Autodesk, Inc. | COM | 052769106 | — | 149 shares | $31,141 |
| NetApp Inc. | COM | 64110D104 | — | 148 shares | $31,092 |
| Everpure Inc - Class A | CL A | 74624M102 | — | 235 shares | $30,733 |
| WP Carey Inc REIT | COM | 92936U109 | — | 475 shares | $30,699 |
| Ball Corporation | COM | 058498106 | — | 546 shares | $30,592 |
| Chesapeake Utilities Corporation | COM | 165303108 | — | 238 shares | $30,573 |
| Vivmark Residential | SH BEN INT | 29476L107 | — | 502 shares | $30,502 |
| Celanese Corp- Series A | COM | 150870103 | — | 685 shares | $30,393 |
| American Intl Group, Inc | COM NEW | 026874784 | — | 407 shares | $30,289 |
| The J. M. Smucker Company | COM NEW | 832696405 | — | 253 shares | $30,084 |
| Entergy Corp | COM | 29364G103 | — | 300 shares | $29,778 |
| IDEXX Laboratories, Inc. | COM | 45168D104 | — | 57 shares | $29,765 |
| The Hartford Insurance Group Inc. | COM | 416515104 | — | 243 shares | $29,733 |
| Okta Inc | CL A | 679295105 | — | 142 shares | $29,694 |
| iShares Russell Top 200 Growth ETF | RUS TP200 GR ETF | 464289438 | — | 100 shares | $29,491 |
| Elevance Health Inc | COM | 036752103 | — | 75 shares | $29,162 |
| NASDAQ, Inc. | COM | 631103108 | — | 316 shares | $29,075 |
| Halliburton Co | COM | 406216101 | — | 901 shares | $28,652 |
| iShares Broad USD High Yield Corporate Bond ETF | BROAD USD HIGH | 46435U853 | — | 800 shares | $28,576 |
| Jacobs Solutions Inc | COM | 46982L108 | — | 208 shares | $28,136 |
| Ferguson Enterprises Inc | COMMON STOCK NEW | 31488V107 | — | 125 shares | $27,828 |
| CBRE Group, Inc | CL A | 12504L109 | — | 215 shares | $27,621 |
| Viking Holdings Ltd | ORD SHS | G93A5A101 | — | 350 shares | $27,416 |
| State Street Consumer Staples Select Sector SPDR ETF | ST STR STAPL ETF | 81369Y308 | — | 338 shares | $27,243 |
| Interactive Brokers Group Inc | COM CL A | 45841N107 | — | 318 shares | $27,164 |
| Workday Inc Cl A | CL A | 98138H101 | — | 142 shares | $27,045 |
| Ventas Inc | COM | 92276F100 | — | 315 shares | $26,781 |
| Veeva Systems Inc- Class A | CL A COM | 922475108 | — | 93 shares | $26,547 |
| Sprott Critical Materials ETF | SPROTT CRITICAL | 85208P402 | — | 900 shares | $26,370 |
| Take-Two Interactive Software, Inc. | COM | 874054109 | — | 127 shares | $26,353 |
| McCormick & Co Inc Non Vtg | COM NON VTG | 579780206 | — | 566 shares | $26,262 |
| First Trust Capital Strength ETF | CAP STRENGTH ETF | 33733E104 | — | 279 shares | $26,184 |
| Huntington Bancshares Incorporated | COM | 446150104 | — | 1,715 shares | $26,171 |
| Arch Capital Group Ltd | ORD | G0450A105 | — | 283 shares | $26,138 |
| First Trust Technology AlphaDex ETF | TECH ALPHADEX | 33734X176 | — | 118 shares | $26,078 |
| Pacer US Cash Cows 100 ETF | US CASH COWS 100 | 69374H881 | — | 385 shares | $25,703 |
| iShares Cohen & Steers REIT ETF | SELECT US REIT | 464287564 | — | 405 shares | $25,475 |
| Nutrien Ltd | COM | 67077M108 | — | 360 shares | $25,290 |
| D R Horton Inc | COM | 23331A109 | — | 184 shares | $25,144 |
| Carvana Co | CL A | 146869102 | — | 400 shares | $25,016 |
| F5 Inc. | COM | 315616102 | — | 56 shares | $24,930 |
| Gabelli Utility Trust | COM | 36240A101 | — | 4,344 shares | $24,717 |
| Invesco Dynamic Large Cap Value | LARGE CAP VALUE | 46137V738 | — | 320 shares | $24,416 |
| PPL Corp | COM | 69351T106 | — | 733 shares | $24,108 |
| EQT Corp | COM | 26884L109 | — | 496 shares | $24,086 |
| iShares Trust iShares ESG Aware MSCI EAFE ETF | ESG AW MSCI EAFE | 46435G516 | — | 232 shares | $23,908 |
| DTE Energy Co | COM | 233331107 | — | 195 shares | $23,751 |
| Public Svc Enterprises Common | COM | 744573106 | — | 350 shares | $23,569 |
| VanEck Agribusiness ETF | AGRIBUSINESS ETF | 92189F700 | — | 289 shares | $23,545 |
| VanEck Gold Miners ETF | GOLD MINERS ETF | 92189F106 | — | 267 shares | $23,443 |
| TechnipFMC PLC | COM | G87110105 | — | 345 shares | $23,432 |
| NVENT Electric PLC | SHS | G6700G107 | — | 145 shares | $23,254 |
| HNI Corp | COM | 404251100 | — | 512 shares | $23,204 |
| ON Semiconductor Corp. | COM | 682189105 | — | 300 shares | $23,061 |
| Teck Cominco Limited | CL B | 878742204 | — | 350 shares | $23,027 |
| Berkley (W.R.) Corporation | COM | 084423102 | — | 339 shares | $22,896 |
| First Trust Health Care AlphaDex ETF | HLTH CARE ALPH | 33734X143 | — | 175 shares | $22,880 |
| Iron Mountain Inc | COM | 46284V101 | — | 206 shares | $22,856 |
| Block Inc | CL A | 852234103 | — | 310 shares | $22,794 |
| BP PLC - Spons ADR | SPONSORED ADR | 055622104 | — | 515 shares | $22,655 |
| APA Corp | COM | 03743Q108 | — | 541 shares | $22,473 |
| Dexcom Inc | COM | 252131107 | — | 260 shares | $22,435 |
| Diamondback Energy Inc. | COM | 25278X109 | — | 122 shares | $22,425 |
| Old Dominion Freight Line | COM | 679580100 | — | 128 shares | $22,252 |
| iShares Broad USD Investment Grade Corporate Bond Fund | USD INV GRDE ETF | 464288620 | — | 456 shares | $22,212 |
| United Airlines Holdings Inc | COM | 910047109 | — | 200 shares | $22,190 |
| Invesco S&P 500 Pure Growth ETF | S&P500 PUR GWT | 46137V266 | — | 380 shares | $22,181 |
| West Pharmaceutical Services Inc | COM | 955306105 | — | 59 shares | $21,875 |
| Expedia Group Inc. | COM NEW | 30212P303 | — | 83 shares | $21,859 |
| Vulcan Materials | COM | 929160109 | — | 88 shares | $21,527 |
| Keurig Dr Pepper Inc | COM | 49271V100 | — | 708 shares | $21,481 |
| First Trust Global Tactical Commodity Strategy Fund ETF | FST TR GLB FD | 33739H101 | — | 700 shares | $21,413 |
| Dimensional International Small Cap ETF | INTL SMALL CAP E | 25434V773 | — | 591 shares | $21,412 |
| ResMed Inc | COM | 761152107 | — | 96 shares | $21,226 |
| Mettler-Toledo Intn'l Inc | COM | 592688105 | — | 14 shares | $21,153 |
| Jabil Circuit, Inc. | COM | 466313103 | — | 73 shares | $20,941 |
| State Street SPDR Portfolio S&P 500 Value ETF | ST STR P500VAL | 78464A508 | — | 340 shares | $20,784 |
| Ameren Corp Common | COM | 023608102 | — | 209 shares | $20,770 |
| Martin Marietta Materials | COM | 573284106 | — | 43 shares | $20,632 |
| United Therapeutics Corp | COM | 91307C102 | — | 38 shares | $20,592 |
| Entegris Inc | COM | 29362U104 | — | 133 shares | $20,490 |