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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) |
|---|---|---|---|---|---|
| BXP Inc REIT | COM | 101121101 | — | 90 shares | $5,500 |
| Mohawk Industries Inc | COM | 608190104 | — | 44 shares | $5,488 |
| Macy's Inc | COM | 55616P104 | — | 240 shares | $5,465 |
| Hexcel Corp | COM | 428291108 | — | 65 shares | $5,455 |
| Prosperity Bancshares Inc | COM | 743606105 | — | 82 shares | $5,429 |
| Davita Inc | COM | 23918K108 | — | 31 shares | $5,423 |
| Paylocity Holding Corp | COM | 70438V106 | — | 38 shares | $5,418 |
| Everus Construction Group Inc | COM | 300426103 | — | 46 shares | $5,406 |
| Cirrus Logis Inc | COM | 172755100 | — | 45 shares | $5,399 |
| Materion Corp | COM | 576690101 | — | 20 shares | $5,392 |
| Matador Resources Co | COM | 576485205 | — | 104 shares | $5,364 |
| John Hancock Multi-Factor Mid Cap ETF | MULTIFACTOR MI | 47804J206 | — | 75 shares | $5,363 |
| Mosaic Co. | COM | 61945C103 | — | 247 shares | $5,348 |
| First American Financial | COM | 31847R102 | — | 88 shares | $5,345 |
| Valley National Bancorp | COM | 919794107 | — | 423 shares | $5,338 |
| Magnolia Oil & Gas Corp | CL A | 559663109 | — | 226 shares | $5,309 |
| Regeneron Pharmaceuticals | COM | 75886F107 | — | 7 shares | $5,308 |
| Abercrombie & Fitch Co | CL A | 002896207 | — | 39 shares | $5,253 |
| e.l.f. Beauty, Inc. | COM | 26856L103 | — | 52 shares | $5,250 |
| MarketAxess Holdings Inc | COM | 57060D108 | — | 32 shares | $5,245 |
| Amkor Technology, Inc. | COM | 031652100 | — | 100 shares | $5,238 |
| Wex Inc | COM | 96208T104 | — | 31 shares | $5,230 |
| Option Care Health Inc | COM NEW | 68404L201 | — | 232 shares | $5,218 |
| Lear Corporation | COM NEW | 521865204 | — | 44 shares | $5,193 |
| Builders FirstSource Inc | COM | 12008R107 | — | 91 shares | $5,188 |
| Hancock Whitney Corp | COM | 410120109 | — | 72 shares | $5,187 |
| John Bean Technologies Corp | COM | 477839104 | — | 49 shares | $5,174 |
| Powell Industries Inc | COM | 739128106 | — | 28 shares | $5,165 |
| Crocs, Inc. | COM | 227046109 | — | 44 shares | $5,162 |
| F.N.B. Corporation | COM | 302520101 | — | 299 shares | $5,146 |
| Alexandria Real Estate Equities Inc | COM | 015271109 | — | 108 shares | $5,126 |
| Atlantic Union Bankshares Corp | COM | 04911A107 | — | 135 shares | $5,123 |
| Rollins, Inc. | COM | 775711104 | — | 170 shares | $5,120 |
| Weatherford International PLC | ORD SHS | G48833118 | — | 65 shares | $5,114 |
| GATX Corp | COM | 361448103 | — | 30 shares | $5,101 |
| Granite Construction Incorporated | COM | 387328107 | — | 44 shares | $5,100 |
| Snowflake Inc | COM SHS | 833445109 | — | 15 shares | $5,093 |
| Archrock Inc | COM | 03957W106 | — | 168 shares | $5,089 |
| Merit Medical Systems Inc | COM | 589889104 | — | 59 shares | $5,088 |
| Frontdoor Inc | COM | 35905A109 | — | 69 shares | $5,045 |
| ACI Worldwide, Inc. | COM | 004498101 | — | 103 shares | $5,035 |
| Vanguard Consumer Staples ETF | CONSUM STP ETF | 92204A207 | — | 23 shares | $5,019 |
| Pool Corp | COM | 73278L105 | — | 31 shares | $5,018 |
| Victory Capital Holdings Inc | COM CL A | 92645B103 | — | 45 shares | $4,977 |
| Sensient Technologies Corp | COM | 81725T100 | — | 38 shares | $4,967 |
| AAON Inc | COM PAR $0.004 | 000360206 | — | 60 shares | $4,966 |
| Balchem Corp | COM | 057665200 | — | 30 shares | $4,949 |
| State Street SPDR Portfolio S&P 500 ETF | ST STR P500ETF | 78464A854 | — | 55 shares | $4,937 |
| Rogers Communications Cl B | CL B | 775109200 | — | 160 shares | $4,928 |
| Tejon Ranch Co | COM | 879080109 | — | 303 shares | $4,915 |
| Argan Inc | COM | 04010E109 | — | 13 shares | $4,913 |
| Vornado Realty Trust | SH BEN INT | 929042109 | — | 145 shares | $4,913 |
| Dropbox Inc | CL A | 26210C104 | — | 145 shares | $4,908 |
| Kulicke & Soffa Industries | COM | 501242101 | — | 52 shares | $4,901 |
| Cleveland-Cliffs Inc | COM | 185899101 | — | 445 shares | $4,899 |
| Cigna Group | COM | 125523100 | — | 18 shares | $4,893 |
| Landstar System Inc | COM | 515098101 | — | 29 shares | $4,891 |
| Noble Corp PLC | ORD SHS A | G65431127 | — | 117 shares | $4,884 |
| RingCentral Inc Cl A | CL A | 76680R206 | — | 65 shares | $4,856 |
| A.O. Smith Corp | COM | 831865209 | — | 86 shares | $4,848 |
| MSC Indl Direct Inc Cl A | CL A | 553530106 | — | 39 shares | $4,825 |
| PTC Therapeutics Inc | COM | 69366J200 | — | 74 shares | $4,794 |
| Eagle Materials Inc Cl A | COM | 26969P108 | — | 28 shares | $4,789 |
| Mgic Investment Corp Ordinary Shares | COM | 552848103 | — | 185 shares | $4,780 |
| Block H & R Inc | COM | 093671105 | — | 117 shares | $4,779 |
| Sensata Technologies Holding PLC | SHS | G8060N102 | — | 115 shares | $4,779 |
| Ormat Technologies Inc | COM | 686688102 | — | 52 shares | $4,757 |
| ExlService Holdings Inc | COM | 302081104 | — | 138 shares | $4,744 |
| The Cheesecake Factory | COM | 163072101 | — | 45 shares | $4,736 |
| TXNM Energy Inc | COM | 69349H107 | — | 81 shares | $4,724 |
| Outfront Media Inc REIT | COM NEW | 69007J304 | — | 170 shares | $4,718 |
| Duolingo Inc | CL A COM | 26603R106 | — | 33 shares | $4,699 |
| Ameris Bancorp | COM | 03076K108 | — | 59 shares | $4,692 |
| Essent Group Ltd | COM | G3198U102 | — | 81 shares | $4,691 |
| MYR Group Inc | COM | 55405W104 | — | 16 shares | $4,679 |
| Phillips Edison & Company Inc | COMMON STOCK | 71844V201 | — | 125 shares | $4,668 |
| Impinj Inc | COM | 453204109 | — | 26 shares | $4,662 |
| The Trade Desk, Inc | COM CL A | 88339J105 | — | 382 shares | $4,649 |
| Kite Realty Group Trust | COM NEW | 49803T300 | — | 190 shares | $4,634 |
| Vicor Corp | COM | 925815102 | — | 16 shares | $4,623 |
| Box Inc | CL A | 10316T104 | — | 138 shares | $4,620 |
| CSW Industrials Inc | COM | 126402106 | — | 16 shares | $4,609 |
| Kodiak Gas Services Inc | COM | 50012A108 | — | 87 shares | $4,608 |
| New Residential Investment Corp | COM NEW | 64828T201 | — | 515 shares | $4,599 |
| Genpact Ltd | SHS | G3922B107 | — | 140 shares | $4,554 |
| EPAM Sys Inc | COM | 29414B104 | — | 42 shares | $4,551 |
| Ollie's Bargain Outlet Holdings Inc | COM | 681116109 | — | 53 shares | $4,539 |
| Glacier Bancorp Inc | COM | 37637Q105 | — | 105 shares | $4,536 |
| Vail Resorts, Inc. | COM | 91879Q109 | — | 33 shares | $4,527 |
| Home Bancshares Inc | COM | 436893200 | — | 160 shares | $4,509 |
| IES Holdings Inc | COM | 44951W106 | — | 14 shares | $4,495 |
| Champion Homes Inc | COM | 830830105 | — | 52 shares | $4,456 |
| Haemonetics Corporation | COM | 405024100 | — | 42 shares | $4,423 |
| Radnet Inc | COM | 750491102 | — | 64 shares | $4,412 |
| Mercury Systems Inc | COM | 589378108 | — | 53 shares | $4,399 |
| CNO Financial Group Inc. | COM | 12621E103 | — | 83 shares | $4,392 |
| Insight Enterprises | COM | 45765U103 | — | 28 shares | $4,377 |
| Portland General Electric | COM NEW | 736508847 | — | 98 shares | $4,374 |
| UiPath Inc | CL A | 90364P105 | — | 340 shares | $4,366 |
| Laureate Education Inc | COMMON STOCK | 518613203 | — | 114 shares | $4,350 |