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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) |
|---|---|---|---|---|---|
| Digital Realty Trust Inc. | COM | 253868103 | — | 51,285 shares | $9,002,056 |
| Phillips 66 | COM | 718546104 | — | 35,111 shares | $8,964,189 |
| Corpay Inc | COM SHS | 219948106 | — | 23,036 shares | $8,951,790 |
| iShares Barclays Aggregate Bond Fund | CORE US AGGBD ET | 464287226 | — | 92,788 shares | $8,772,178 |
| AptarGroup Inc | COM | 038336103 | — | 70,602 shares | $8,554,138 |
| Home Depot Inc | COM | 437076102 | — | 29,873 shares | $8,498,570 |
| Citigroup Inc | COM NEW | 172967424 | — | 63,624 shares | $8,238,036 |
| Danaher Corp | COM | 235851102 | — | 36,951 shares | $8,186,494 |
| American Elec Pwr Inc | COM | 025537101 | — | 66,742 shares | $7,918,271 |
| Uber Technologies Inc | COM | 90353T100 | — | 113,555 shares | $7,779,653 |
| Nike Inc Cl B | CL B | 654106103 | — | 212,204 shares | $7,512,022 |
| FedEx Corp | COM | 31428X106 | — | 25,596 shares | $7,297,164 |
| Target Corp | COM | 87612E106 | — | 44,911 shares | $7,037,105 |
| iShares Russell Midcap Value Index Fund | RUS MDCP VAL ETF | 464287473 | — | 43,378 shares | $6,972,580 |
| AMETEK Inc | COM | 031100100 | — | 28,102 shares | $6,961,708 |
| Booz Allen Hamilton Holding Corp | CL A | 099502106 | — | 96,015 shares | $6,665,361 |
| Realty Income Corp | COM | 756109104 | — | 121,606 shares | $6,603,206 |
| Vanguard MSCI European ETF | FTSE EUROPE ETF | 922042874 | — | 74,719 shares | $6,485,609 |
| SLB Ltd | COM STK | 806857108 | — | 132,609 shares | $6,460,710 |
| Duke Energy Corporation | COM NEW | 26441C204 | — | 55,387 shares | $6,314,672 |
| Ecolab Inc | COM | 278865100 | — | 22,496 shares | $6,176,952 |
| iShares Russell 2000 Growth Index Fd | RUS 2000 GRW ETF | 464287648 | — | 17,242 shares | $6,153,670 |
| Rockwell Automation Inc. | COM | 773903109 | — | 14,112 shares | $6,143,377 |
| Lam Research Corp | COM NEW | 512807306 | — | 18,499 shares | $6,077,106 |
| International Business Machines Corp | COM | 459200101 | — | 25,926 shares | $5,701,905 |
| ATI Inc | COM | 01741R102 | — | 29,603 shares | $5,606,808 |
| Fortis Inc | COM | 349553107 | — | 102,503 shares | $5,414,208 |
| S&P Global Inc. | COM | 78409V104 | — | 13,211 shares | $5,211,343 |
| Pfizer Inc | COM | 717081103 | — | 182,046 shares | $5,191,952 |
| Honeywell International Inc | COM | 438516205 | — | 24,513 shares | $5,170,772 |
| Novartis AG - ADR | SPONSORED ADR | 66987V109 | — | 35,884 shares | $5,115,982 |
| Genuine Parts | COM | 372460105 | — | 39,030 shares | $4,907,632 |
| iShares MSCI EAFE Index Fund | MSCI EAFE ETF | 464287465 | — | 45,297 shares | $4,705,905 |
| Vanguard Dividend Appreciation Index ETF | DIV APP ETF | 921908844 | — | 19,910 shares | $4,645,202 |
| Honeywell Aerospace Inc | COM | 43849R105 | — | 29,717 shares | $4,605,243 |
| iShares Russell Midcap Index Fund | RUS MID CAP ETF | 464287499 | — | 41,656 shares | $4,445,112 |
| Tesla Inc | COM | 88160R101 | — | 12,224 shares | $4,337,197 |
| Fiserv Inc | COM | 337738108 | — | 90,680 shares | $4,096,922 |
| Netflix Inc. | COM | 64110L106 | — | 58,100 shares | $4,042,598 |
| Vanguard Real Estate Index ETF | REAL ESTATE ETF | 922908553 | — | 43,121 shares | $3,864,935 |
| Bristol Myers Squibb Co | COM | 110122108 | — | 60,913 shares | $3,800,971 |
| Sprouts Farmers Market Inc | COM | 85208M102 | — | 56,227 shares | $3,730,661 |
| Huntington Ingalls Industries | COM | 446413106 | — | 13,926 shares | $3,719,217 |
| Comcast Corp Class A | CL A | 20030N101 | — | 170,576 shares | $3,711,734 |
| Vanguard Morningstar Small-Cap Index ETF | MRNGSTR SML CAP | 922908751 | — | 12,929 shares | $3,678,171 |
| Delta Air Lines Inc | COM NEW | 247361702 | — | 44,036 shares | $3,675,245 |
| Paypal Holdings Inc | COM | 70450Y103 | — | 69,520 shares | $3,651,886 |
| Albemarle Corp | COM | 012653101 | — | 33,843 shares | $3,579,913 |
| Vanguard Morningstar Total Stock Market ETF | MRNGSTR TTL STK | 922908769 | — | 9,564 shares | $3,579,231 |
| Federal Realty Investment Trust REIT | SH BEN INT NEW | 313745101 | — | 30,769 shares | $3,331,975 |
| Kimberly Clark Corp | COM | 494368103 | — | 34,091 shares | $3,321,486 |
| iShares Core S&P Total US Stock Market ETF | CORE S&P TTL STK | 464287150 | — | 19,837 shares | $3,298,496 |
| Becton Dickinson and Co | COM | 075887109 | — | 18,242 shares | $3,265,318 |
| Evergy Inc | COM | 30034W106 | — | 40,709 shares | $3,193,214 |
| WEC Energy Group Inc | COM | 92939U106 | — | 30,775 shares | $3,101,505 |
| Black Hills Corp | COM | 092113109 | — | 44,158 shares | $3,094,593 |
| Norfolk Southern | COM | 655844108 | — | 9,961 shares | $3,077,949 |
| Vanguard Morningstar Mid-Cap Index ETF | MRNGSTR MID CAP | 922908629 | — | 38,460 shares | $3,016,033 |
| New Jersey Resources Corp | COM | 646025106 | — | 54,159 shares | $2,740,445 |
| Otis Worldwide Corp | COM | 68902V107 | — | 39,809 shares | $2,560,515 |
| iShares MSCI Emerging Mkts Index Fd | MSCI EMG MKT ETF | 464287234 | — | 37,411 shares | $2,498,681 |
| iShares S&P MidCap 400/Barra Growth Index Fund | S&P MC 400GR ETF | 464287606 | — | 22,758 shares | $2,494,504 |
| iShares Russell 2000 Value Index Fund | RUS 2000 VAL ETF | 464287630 | — | 11,887 shares | $2,489,732 |
| GE Aerospace | COM NEW | 369604301 | — | 7,924 shares | $2,474,586 |
| 3M Company | COM | 88579Y101 | — | 14,832 shares | $2,434,673 |
| PNC Finl Svcs Group Inc | COM | 693475105 | — | 10,661 shares | $2,369,514 |
| T. Rowe Price Group Inc | COM | 74144T108 | — | 22,537 shares | $2,344,975 |
| Colgate Palmolive Co | COM | 194162103 | — | 27,220 shares | $2,322,410 |
| Mastercard Inc - Class A | CL A | 57636Q104 | — | 4,190 shares | $2,310,659 |
| Clorox Co Common | COM | 189054109 | — | 27,657 shares | $2,240,494 |
| Vanguard Morningstar Small-Cap Value Index ETF | MRNGSTR SML CP V | 922908611 | — | 9,673 shares | $2,234,753 |
| Fortive Corp | COM | 34959J108 | — | 39,161 shares | $2,146,414 |
| CSX Corp | COM | 126408103 | — | 45,092 shares | $2,097,229 |
| Intel Corp | COM | 458140100 | — | 17,319 shares | $2,082,263 |
| GE Vernova Inc | COM | 36828A101 | — | 2,187 shares | $2,078,722 |
| United Parcel Service - Cl B | CL B | 911312106 | — | 22,067 shares | $2,061,940 |
| PPG Inds Inc | COM | 693506107 | — | 19,674 shares | $2,052,588 |
| Autozone Inc | COM | 053332102 | — | 669 shares | $1,893,283 |
| The Boeing Co | COM | 097023105 | — | 10,025 shares | $1,865,151 |
| Flextronics International Ltd. | ORD | Y2573F102 | — | 16,285 shares | $1,791,187 |
| IShares Edge MSCI USA Quality Factor ETF | MSCI USA QLT FCT | 46432F339 | — | 8,034 shares | $1,785,476 |
| Lennox International Inc. | COM | 526107107 | — | 5,021 shares | $1,782,555 |
| Spdr Gold Trust | GOLD SHS | 78463V107 | — | 4,496 shares | $1,712,257 |
| Vanguard Morningstar Growth ETF | MRNGSTR GRWT ETF | 922908736 | — | 18,246 shares | $1,644,147 |
| General Mills, Inc. | COM | 370334104 | — | 50,595 shares | $1,627,135 |
| iShares S&P Midcap 400/Barra Value Index Fund | S&P MC 400VL ETF | 464287705 | — | 11,637 shares | $1,602,531 |
| Amcor PLC | COM NEW | G0250X149 | — | 38,279 shares | $1,602,359 |
| Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | ACTIVEBETA US LG | 381430503 | — | 10,948 shares | $1,587,898 |
| Thermo Fisher Scientific | COM | 883556102 | — | 2,280 shares | $1,539,114 |
| Welltower Inc | COM | 95040Q104 | — | 6,395 shares | $1,472,385 |
| Fedex Freight Holding Co Inc | COMMON STOCK | 314352105 | — | 12,991 shares | $1,420,956 |
| AT&T Inc | COM | 00206R102 | — | 56,667 shares | $1,382,675 |
| Eaton Corp PLC | SHS | G29183103 | — | 3,156 shares | $1,356,165 |
| Schwab US Dividend Equity ETF | US DIVIDEND EQ | 808524797 | — | 41,456 shares | $1,348,564 |
| Invesco RAFI US 1000 ETF | RAFI US 1000 ETF | 46137V613 | — | 23,831 shares | $1,297,121 |
| Yum! Brands Inc | COM | 988498101 | — | 9,386 shares | $1,279,687 |
| Philip Morris International Inc | COM | 718172109 | — | 6,380 shares | $1,217,432 |
| Gilead Sciences Inc | COM | 375558103 | — | 7,948 shares | $1,184,649 |
| Dominion Energy Inc | COM | 25746U109 | — | 19,493 shares | $1,179,716 |
| Vanguard Total World Stock Index Fund | TT WRLD ST ETF | 922042742 | — | 7,142 shares | $1,127,365 |