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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) |
|---|---|---|---|---|---|
| Crane NXT Co | COM | 224441105 | — | 38 shares | $1,790 |
| EZCORP, Inc. | CL A NON VTG | 302301106 | — | 60 shares | $1,786 |
| Strategic Education Inc | COM | 86272C103 | — | 23 shares | $1,786 |
| SolarEdge Technologies Inc | COM | 83417M104 | — | 56 shares | $1,785 |
| The Marzetti Company | COM | 513847103 | — | 18 shares | $1,785 |
| The Bancorp Inc | COM | 05969A105 | — | 37 shares | $1,782 |
| Hub Group Inc | CL A | 443320106 | — | 60 shares | $1,775 |
| Kohl's Corporation | COM | 500255104 | — | 96 shares | $1,772 |
| Sonos Inc | COM | 83570H108 | — | 99 shares | $1,771 |
| Xenia Hotels & Resorts Inc REIT | COM | 984017103 | — | 98 shares | $1,770 |
| EVERTEC Inc | COM | 30040P103 | — | 65 shares | $1,752 |
| Greif Inc | CL A | 397624107 | — | 22 shares | $1,751 |
| Callaway Golf Company | COM | 131193104 | — | 124 shares | $1,747 |
| Enerpac Tool Group Corp | CL A COM | 292765104 | — | 50 shares | $1,745 |
| Central Garden & Pet Co Cl A | CL A NON-VTG | 153527205 | — | 52 shares | $1,743 |
| Horace Mann Educators Corp | COM | 440327104 | — | 39 shares | $1,739 |
| MercadoLibre Inc. | COM | 58733R102 | — | 1 shares | $1,729 |
| Sezzle Inc | COM | 78435P105 | — | 16 shares | $1,729 |
| Progress Software Corp | COM | 743312100 | — | 43 shares | $1,719 |
| Wiley (John) & Sons- Class A | CL A | 968223206 | — | 36 shares | $1,719 |
| Calix Inc | COM | 13100M509 | — | 50 shares | $1,718 |
| CTS Corp | COM | 126501105 | — | 29 shares | $1,702 |
| Donnelley Financial Solutions Inc | COM | 25787G100 | — | 36 shares | $1,699 |
| S&T Bancorp Inc | COM | 783859101 | — | 35 shares | $1,693 |
| Harmony Biosciences Holdings Inc | COM | 413197104 | — | 43 shares | $1,688 |
| Alpha Metallurgical Resources Inc | COM | 020764106 | — | 10 shares | $1,682 |
| Medical Properties Trust Inc. | COM | 58463J304 | — | 481 shares | $1,664 |
| Fortrea Holdings Inc | COMMON STOCK | 34965K107 | — | 83 shares | $1,656 |
| Douglas Emmett Inc REIT | COM | 25960P109 | — | 172 shares | $1,648 |
| National Bank Holdings Corp | CL A | 633707104 | — | 42 shares | $1,646 |
| IPG Photonics Corp | COM | 44980X109 | — | 21 shares | $1,644 |
| Wolverine World Wide Inc | COM | 978097103 | — | 86 shares | $1,643 |
| Sunrun Inc | COM | 86771W105 | — | 211 shares | $1,639 |
| BioLife Solutions Inc | COM NEW | 09062W204 | — | 42 shares | $1,632 |
| CVR Energy Inc | COM | 12662P108 | — | 32 shares | $1,632 |
| Century Communities Inc | COM | 156504300 | — | 27 shares | $1,627 |
| Perrigo Co PLC | SHS | G97822103 | — | 110 shares | $1,624 |
| Getty Realty Corp | COM | 374297109 | — | 57 shares | $1,610 |
| Albany Intl Corp-Cl A | CL A | 012348108 | — | 27 shares | $1,609 |
| Hope Bancorp Inc | COM | 43940T109 | — | 121 shares | $1,608 |
| Astrana Health Inc | COM NEW | 03763A207 | — | 45 shares | $1,601 |
| Allegiant Travel Co | COM | 01748X102 | — | 21 shares | $1,592 |
| RH | COM | 74967X103 | — | 13 shares | $1,583 |
| AMN Healthcare Services Inc | COM | 001744101 | — | 44 shares | $1,578 |
| Sally Beauty Holdings Inc | COM | 79546E104 | — | 96 shares | $1,576 |
| The Magnum Ice Cream Co NV | ORD SHS | N5505D105 | — | 88 shares | $1,568 |
| HCI Group Inc | COM | 40416E103 | — | 9 shares | $1,564 |
| Uniti Group Inc REIT | COM SHS | 912932100 | — | 186 shares | $1,559 |
| Alamo Group Inc | COM | 011311107 | — | 10 shares | $1,548 |
| Worthington Enterprises Inc | COM | 981811102 | — | 26 shares | $1,548 |
| Hilltop Holdings Inc. | COM | 432748101 | — | 41 shares | $1,544 |
| iShares IBoxx Investment Grade Corp Bond Fund | IBOXX INV CP ETF | 464287242 | — | 15 shares | $1,533 |
| ARMOUR Residential REIT Inc | COM SHS | 042315705 | — | 110 shares | $1,521 |
| NETSTREIT Corp REIT | COM | 64119V303 | — | 86 shares | $1,520 |
| Dime Commercial Bank | COM | 25432X102 | — | 38 shares | $1,498 |
| Avis Budget Group Inc | COM | 053774105 | — | 14 shares | $1,493 |
| Schrodinger Inc | COM | 80810D103 | — | 48 shares | $1,490 |
| Masterbrand Inc | COMMON STOCK | 57638P104 | — | 212 shares | $1,484 |
| Progyny Inc | COM | 74340E103 | — | 58 shares | $1,461 |
| Sarepta Therapeutics Inc | COM | 803607100 | — | 80 shares | $1,458 |
| Safety Insurance Group Inc | COM | 78648T100 | — | 14 shares | $1,450 |
| Lakeland Financial Corp | COM | 511656100 | — | 25 shares | $1,442 |
| Conmed Corp | COM | 207410101 | — | 31 shares | $1,433 |
| Healthcare Services Group Inc | COM | 421906108 | — | 70 shares | $1,432 |
| Midera Food Processing Inc | COM | 59739R104 | — | 35 shares | $1,429 |
| Innovative Industrial Properties Inc REIT | COM | 45781V101 | — | 27 shares | $1,422 |
| Global Net Lease Inc | COM NEW | 379378201 | — | 172 shares | $1,421 |
| Insperity Inc | COM | 45778Q107 | — | 30 shares | $1,398 |
| Azenta, Inc. | COM | 114340102 | — | 40 shares | $1,396 |
| Stewart Information Services Corp | COM | 860372101 | — | 28 shares | $1,392 |
| Vanguard Emerging Markets Government Bond ETF | EM MK GOV BD ETF | 921946885 | — | 22 shares | $1,389 |
| Whirlpool Corporation | COM | 963320106 | — | 45 shares | $1,381 |
| Columbia Sportswear Co | COM | 198516106 | — | 24 shares | $1,378 |
| National Vision Holdings Inc | COM | 63845R107 | — | 84 shares | $1,376 |
| Vestis Corp | COM SHS | 29430C102 | — | 103 shares | $1,376 |
| US Physical Therapy Inc | COM | 90337L108 | — | 16 shares | $1,372 |
| First Advantage Corp | COM | 31846B108 | — | 77 shares | $1,371 |
| REX American Resources Corp | COM | 761624105 | — | 31 shares | $1,347 |
| Blackbaud Inc | COM | 09227Q100 | — | 32 shares | $1,332 |
| Buckle Inc | COM | 118440106 | — | 31 shares | $1,331 |
| PROG Holdings Inc | COM NPV | 74319R101 | — | 43 shares | $1,330 |
| Omnicell Inc | COM | 68213N109 | — | 39 shares | $1,328 |
| Capri Holdings Ltd | SHS | G1890L107 | — | 94 shares | $1,327 |
| Herman Miller, Inc. | COM | 600544100 | — | 67 shares | $1,317 |
| Innoviva Inc | COM | 45781M101 | — | 62 shares | $1,315 |
| Alignment Healthcare Inc | COM | 01625V104 | — | 160 shares | $1,306 |
| Jetblue Airways Corp | COM | 477143101 | — | 308 shares | $1,303 |
| BlackLine Inc | COM | 09239B109 | — | 49 shares | $1,300 |
| JPMorgan Core Plus Bond ETF | CORE PLUS BD ETF | 46641Q670 | — | 29 shares | $1,299 |
| Arlo Technologies Inc | COM | 04206A101 | — | 104 shares | $1,290 |
| Harmonic Inc. | COM | 413160102 | — | 122 shares | $1,288 |
| Westamerica BanCorp | COM | 957090103 | — | 22 shares | $1,283 |
| Napco Security Technologies Inc | COM | 630402105 | — | 36 shares | $1,282 |
| Vir Biotechnology Inc | COM | 92764N102 | — | 113 shares | $1,263 |
| Triumph Financial Inc | COM | 89679E300 | — | 21 shares | $1,260 |
| American Assets Trust Inc | COM | 024013104 | — | 59 shares | $1,254 |
| Tompkins Financial Corp | COM | 890110109 | — | 13 shares | $1,251 |
| Stepan Co | COM | 858586100 | — | 20 shares | $1,248 |
| The Greenbrier Companies, Inc. | COM | 393657101 | — | 31 shares | $1,242 |
| Edgewell Personal Care Co | COM | 28035Q102 | — | 46 shares | $1,241 |