← Back to Discover
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) |
|---|---|---|---|---|---|
| Universal Insurance Holdings | COM | 91359V107 | — | 18 shares | $758 |
| Adamas Trust Inc | COM | 649604840 | — | 97 shares | $755 |
| Quanex Building Products Corp | COM | 747619104 | — | 40 shares | $755 |
| Pennymac Mortgage Investment Trust | COM | 70931T103 | — | 95 shares | $749 |
| United Parks & Resorts Inc | COM | 81282V100 | — | 23 shares | $745 |
| Apogee Enterprises, Inc. | COM | 037598109 | — | 21 shares | $743 |
| HealthStream, Inc. | COM | 42222N103 | — | 25 shares | $743 |
| Myers Industries Inc | COM | 628464109 | — | 24 shares | $738 |
| Arbor Realty Trust Inc | COM | 038923108 | — | 189 shares | $730 |
| Alpha & Omega Semiconductor Ltd | SHS | G6331P104 | — | 26 shares | $715 |
| Phibro Animal Health Corp | CL A COM | 71742Q106 | — | 20 shares | $715 |
| Vanguard Morningstar Large-Cap ETF | MRNGSTR LRG CAP | 922908637 | — | 2 shares | $704 |
| Under Armour Inc Class A | CL A | 904311107 | — | 155 shares | $691 |
| Corsair Gaming Inc | COM | 22041X102 | — | 51 shares | $689 |
| Dream Finders Homes Inc | COM CL A | 26154D100 | — | 64 shares | $685 |
| Marcus & Millichap Inc | COM | 566324109 | — | 24 shares | $683 |
| JBG Smith Properties REIT | COM | 46590V100 | — | 67 shares | $673 |
| AdaptHealth Corp | COMMON STOCK | 00653Q102 | — | 119 shares | $671 |
| John B Sanfilippo & Son Inc | COM | 800422107 | — | 10 shares | $665 |
| Metallus Inc | COM | 887399103 | — | 35 shares | $665 |
| Fox Factory Holding Corp | COM | 35138V102 | — | 36 shares | $661 |
| Collegium Pharmaceutical Inc | COM | 19459J104 | — | 30 shares | $655 |
| Navient Corp | COM | 63938C108 | — | 71 shares | $644 |
| Apollo Commercial Real Estate Finance Inc REIT | COM | 03762U105 | — | 97 shares | $601 |
| Winmark Corp | COM | 974250102 | — | 2 shares | $600 |
| WisdomTree Japan Opportunities Fund ETF | JAPAN OPPOR FD | 97717W521 | — | 10 shares | $594 |
| National Presto Industries Inc | COM | 637215104 | — | 4 shares | $593 |
| USA Today Co Inc | COM | 36472T109 | — | 93 shares | $585 |
| Sprinklr Inc | CL A | 85208T107 | — | 117 shares | $579 |
| Legalzoom.com Inc | COM | 52466B103 | — | 101 shares | $567 |
| NEOS Nasdaq-100 High Income ETF | NASDAQ 100 HIGH | 78433H675 | — | 10 shares | $556 |
| Joby Aviation Inc | COMMON STOCK | G65163100 | — | 90 shares | $545 |
| Papa John's International Inc | COM | 698813102 | — | 27 shares | $532 |
| Invesco Dorsey Wright Developed Markets Momentum ETF | DORSEY WRGT DVLP | 46138E875 | — | 10 shares | $530 |
| Scholastic Corp | COM | 807066105 | — | 15 shares | $527 |
| Energy Equipment & Services | COM | 749660106 | — | 93 shares | $524 |
| Under Armour Inc Class C | CL C | 904311206 | — | 119 shares | $518 |
| World Acceptance Corp | COM | 981419104 | — | 3 shares | $512 |
| QuidelOrtho Corp | COM | 219798105 | — | 46 shares | $485 |
| Baytex Energy Corp | COM | 07317Q105 | — | 104 shares | $471 |
| South Bow Corp | COM | 83671M105 | — | 14 shares | $464 |
| iShares MSCI International Value Factor ETF | MSCI INTL VLU FT | 46435G409 | — | 10 shares | $429 |
| Fidelity Enhanced International ETF | ENHANCED INTL | 31609A404 | — | 10 shares | $399 |
| Liberty Capital Corporation | SER C GCI GROUP | 36164V800 | — | 17 shares | $394 |
| Saul Centers Inc | COM | 804395101 | — | 13 shares | $391 |
| Brandywine Realty Trust | SH BEN INT NEW | 105368203 | — | 130 shares | $364 |
| Cytek Biosciences Inc | COM | 23285D109 | — | 60 shares | $358 |
| Alpine Income Property Trust Inc REIT | COM | 02083X103 | — | 20 shares | $347 |
| Organon & Co | COMMON STOCK | 68622V106 | — | 25 shares | $343 |
| Genesco Inc | COM | 371532102 | — | 10 shares | $341 |
| Universal Health Rlty Incm T Sh Ben Int | SH BEN INT | 91359E105 | — | 9 shares | $337 |
| AGNT, Inc. | COM | 30212W100 | — | 90 shares | $330 |
| CytomX Therapeutics Inc | COM | 23284F105 | — | 120 shares | $326 |
| Enviri Corp | COM | 29390K102 | — | 16 shares | $312 |
| Central Garden & Pet Co | COM | 153527106 | — | 8 shares | $311 |
| MacroGenics Inc | COM | 556099109 | — | 80 shares | $309 |
| NuScale Power Corp | CL A COM | 67079K100 | — | 38 shares | $300 |
| Nokia Corp ADR | SPONSORED ADR | 654902204 | — | 21 shares | $213 |
| Rocket Lab Corp | COM | 773121108 | — | 3 shares | $209 |
| LendingTree Inc | COM | 52603B107 | — | 7 shares | $171 |
| Mirum Pharmaceuticals Inc | COM | 604749101 | — | 2 shares | $171 |
| Rivian Automotive Inc Cl A | COM CL A | 76954A103 | — | 10 shares | $149 |
| AST SpaceMobile Inc | COM CL A | 00217D100 | — | 2 shares | $118 |
| Embecta Corp | COMMON STOCK | 29082K105 | — | 16 shares | $91 |
| VanEck Digital Transformation ETF | DIGI TRANSFRM | 92189H821 | — | 4 shares | $76 |
| GameStop Corp Warrant | *W EXP 10/30/202 | 36467W117 | — | 31 shares | $71 |
| Shutterstock Inc | COM | 825690100 | — | 14 shares | $59 |