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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) |
|---|---|---|---|---|---|
| WSFS Financial Corp | COM | 929328102 | — | 49 shares | $3,703 |
| Otter Tail Corporation | COM | 689648103 | — | 42 shares | $3,698 |
| Openlane Inc | COM | 48238T109 | — | 108 shares | $3,686 |
| SkyWest Inc | COM | 830879102 | — | 38 shares | $3,683 |
| Helmerich & Payne Inc | COM | 423452101 | — | 99 shares | $3,677 |
| EPR Properties REIT | COM SH BEN INT | 26884U109 | — | 65 shares | $3,648 |
| Franklin Electric Co Inc | COM | 353514102 | — | 38 shares | $3,644 |
| Delek US Holdings, Inc. | COM | 24665A103 | — | 51 shares | $3,640 |
| Concentra Group Holdings Parent Inc | COMMON STOCK | 20603L102 | — | 105 shares | $3,614 |
| Brady Corp | CL A | 104674106 | — | 43 shares | $3,590 |
| Independent Bank Corp | COM | 453836108 | — | 46 shares | $3,572 |
| Cathay General Bancorp | COM | 149150104 | — | 60 shares | $3,570 |
| Ultra Clean Holdings Inc | COM | 90385V107 | — | 44 shares | $3,567 |
| Belden Inc | COM | 077454106 | — | 33 shares | $3,562 |
| Indivior Pharmaceuticals Inc | COM | 45579U109 | — | 99 shares | $3,549 |
| Brink's Co | COM | 109696104 | — | 35 shares | $3,535 |
| Brunswick Corp | COM | 117043109 | — | 55 shares | $3,533 |
| LXP Industrial Trust REIT | COM | 529043408 | — | 58 shares | $3,533 |
| Tenable Holdings Inc | COM | 88025T102 | — | 97 shares | $3,530 |
| UniFirst Corp | COM | 904708104 | — | 14 shares | $3,507 |
| Federated Hermes Inc | CL B | 314211103 | — | 62 shares | $3,495 |
| First Financial Bankshares Inc | COM | 32020R109 | — | 110 shares | $3,491 |
| Louisiana-Pacific Corp | COM | 546347105 | — | 54 shares | $3,486 |
| Lazard Inc | COM | 52110M109 | — | 96 shares | $3,478 |
| Remitly Global Inc | COM | 75960P104 | — | 163 shares | $3,478 |
| Tutor Perini Corporation | COM | 901109108 | — | 42 shares | $3,466 |
| Autonation Inc. Ordinary Shares | COM | 05329W102 | — | 22 shares | $3,464 |
| Badger Meter Inc | COM | 056525108 | — | 28 shares | $3,459 |
| Chewy Inc | CL A | 16679L109 | — | 190 shares | $3,458 |
| Sotera Health Co | COM | 83601L102 | — | 185 shares | $3,421 |
| Veracyte Inc | COM | 92337F107 | — | 74 shares | $3,407 |
| Goldman Sachs Access Treasury 0-1 Year ETF | ACCES TREASURY | 381430529 | — | 34 shares | $3,404 |
| Graham Holdings Co. Ordinary Shares - Class B | COM CL B | 384637104 | — | 3 shares | $3,404 |
| Telephone and Data Systems Inc | COM NEW | 879433829 | — | 100 shares | $3,392 |
| Robert Half Inc | COM | 770323103 | — | 92 shares | $3,381 |
| Roundhill Memory ETF | MEMORY ETF | 77926X320 | — | 56 shares | $3,380 |
| SL Green Realty Corp REIT | COM | 78440X887 | — | 69 shares | $3,375 |
| Boot Barn Holdings Inc | COM | 099406100 | — | 28 shares | $3,373 |
| ICU Medical, Inc. | COM | 44930G107 | — | 21 shares | $3,371 |
| Clearway Energy Inc | CL C | 18539C204 | — | 115 shares | $3,366 |
| Mattel Inc | COM | 577081102 | — | 265 shares | $3,355 |
| Stride Inc | COM | 86333M108 | — | 43 shares | $3,353 |
| Campbell Soup Company | COM | 134429109 | — | 169 shares | $3,351 |
| Cleanspark Inc | COM NEW | 18452B209 | — | 260 shares | $3,349 |
| Griffon Corp | COM | 398433102 | — | 36 shares | $3,349 |
| Synaptics Inc | COM | 87157D109 | — | 33 shares | $3,346 |
| Envista Holdings Corp | COM | 29415F104 | — | 142 shares | $3,333 |
| Steven Madden Ltd | COM | 556269108 | — | 74 shares | $3,313 |
| Warner Music Group Corp | COM CL A | 934550203 | — | 120 shares | $3,313 |
| Dorman Products Inc | COM | 258278100 | — | 27 shares | $3,310 |
| Cabot Corp | COM | 127055101 | — | 43 shares | $3,307 |
| PJT Partners Inc | COM CL A | 69343T107 | — | 23 shares | $3,282 |
| Dutch Bros Inc | CL A | 26701L100 | — | 85 shares | $3,278 |
| Standex International Corp | COM | 854231107 | — | 12 shares | $3,277 |
| Extreme Networks Inc | COM | 30226D106 | — | 152 shares | $3,260 |
| PVH Corp | COM | 693656100 | — | 44 shares | $3,258 |
| Atmus Filtration Technologies Inc | COM | 04956D107 | — | 75 shares | $3,257 |
| Thor Industries, Inc. | COM | 885160101 | — | 47 shares | $3,248 |
| Esab Corp | COM | 29605J106 | — | 49 shares | $3,228 |
| FTI Consult Inc | COM | 302941109 | — | 24 shares | $3,228 |
| MDU Resources Group, Inc. | COM | 552690109 | — | 174 shares | $3,226 |
| Valvoline Inc | COM | 92047W101 | — | 107 shares | $3,225 |
| Ryan Specialty Holdings Inc | CL A | 78351F107 | — | 87 shares | $3,219 |
| Veeco Instruments Inc. | COM | 922417100 | — | 62 shares | $3,218 |
| Kontoor Brands Inc | COM | 50050N103 | — | 51 shares | $3,215 |
| Karman Holdings Inc | COMMON STOCK | 485924104 | — | 99 shares | $3,210 |
| Centrus Energy Corp | CL A | 15643U104 | — | 23 shares | $3,208 |
| Cohu Inc | COM | 192576106 | — | 47 shares | $3,203 |
| Doximity Inc | CL A | 26622P107 | — | 113 shares | $3,202 |
| Genworth Financial Inc. | COM SHS | 37247D106 | — | 357 shares | $3,202 |
| Crescent Energy Co | CL A COM | 44952J104 | — | 248 shares | $3,197 |
| Broadstone Net Lease Inc | COM | 11135E203 | — | 172 shares | $3,182 |
| Kilroy Realty Corp | COM | 49427F108 | — | 95 shares | $3,161 |
| CoreCivic Inc | COM | 21871N101 | — | 97 shares | $3,128 |
| Academy Sports & Outdoors Inc | COM | 00402L107 | — | 65 shares | $3,126 |
| Amneal Pharmaceuticals Inc | COM STK CL A | 03168L105 | — | 155 shares | $3,122 |
| M/I Schottenstein Homes Inc | COM | 55305B101 | — | 23 shares | $3,108 |
| First Financial Bancorp | COM | 320209109 | — | 99 shares | $3,101 |
| StandardAero Inc | COM | 85423L103 | — | 145 shares | $3,096 |
| Knowles Corp | COM | 49926D109 | — | 83 shares | $3,083 |
| StepStone Group Inc | COM CL A | 85914M107 | — | 71 shares | $3,081 |
| Mueller Water Products, Inc. | COM SER A | 624758108 | — | 145 shares | $3,080 |
| Highwoods Properties Inc REIT | COM | 431284108 | — | 106 shares | $3,076 |
| COPT Defense Properties | SHS BEN INT | 22002T108 | — | 92 shares | $3,073 |
| Renasant Corp | COM | 75970E107 | — | 79 shares | $3,072 |
| Bright Horizons Family Solutions Inc | COM | 109194100 | — | 48 shares | $3,059 |
| SPS Commerce Inc | COM | 78463M107 | — | 37 shares | $3,050 |
| Digi International Inc | COM | 253798102 | — | 40 shares | $3,049 |
| Peabody Energy Corp | COM | 704551100 | — | 125 shares | $3,049 |
| Q2 Holdings Inc | COM | 74736L109 | — | 55 shares | $3,049 |
| RXO Inc | COMMON STOCK | 74982T103 | — | 149 shares | $3,049 |
| CVB Financial Corp | COM | 126600105 | — | 141 shares | $3,047 |
| Hamilton Lane Inc | CL A | 407497106 | — | 35 shares | $3,040 |
| Community Financial System, Inc | COM | 203607106 | — | 51 shares | $3,037 |
| Dana Holding Corp | COM | 235825205 | — | 111 shares | $3,031 |
| Avient Corp | COM | 05368V106 | — | 75 shares | $3,019 |
| Millrose Properties Inc REIT | COM CL A | 601137102 | — | 116 shares | $3,013 |
| Penske Automotive Group Inc | COM | 70959W103 | — | 15 shares | $3,005 |
| Universal Display Corp | COM | 91347P105 | — | 39 shares | $3,005 |
| Dolby Laboratories Inc Cl A | COM CL A | 25659T107 | — | 51 shares | $2,997 |