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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) |
|---|---|---|---|---|---|
| Archer Daniels Midland Co | COM | 039483102 | — | 951 shares | $75,490 |
| Axos Financial Inc | COM | 05465C100 | — | 865 shares | $74,883 |
| Plains All American Pipeline LP | UNIT LTD PARTN | 726503105 | — | 3,146 shares | $74,623 |
| abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | BBRG ALL COMMDY | 003261203 | — | 1,915 shares | $73,670 |
| Vanguard Total International Stock Index Fund ETF | VG TL INTL STK F | 921909768 | — | 853 shares | $72,471 |
| Intercontinental Exchange, Inc | COM | 45866F104 | — | 474 shares | $72,062 |
| Equinix Inc | COM | 29444U700 | — | 71 shares | $71,822 |
| Invesco KBW Bank ETF | KBW BK ETF | 46138E628 | — | 819 shares | $71,441 |
| Copart Inc | COM | 217204106 | — | 2,595 shares | $70,792 |
| Marriott Intl Inc New Cl A | CL A | 571903202 | — | 199 shares | $70,778 |
| Proshares Ultra QQQ ETF | PSHS ULTRA QQQ | 74347R206 | — | 738 shares | $70,590 |
| Western Midstream Partners LP | COM UNIT LP INT | 958669103 | — | 1,566 shares | $69,483 |
| Qnity Electronics Inc | COMMON STOCK | 74743L100 | — | 546 shares | $68,654 |
| iShares MSCI Europe Financials ETF | MSCI EURO FL ETF | 464289180 | — | 1,708 shares | $67,944 |
| iShares Silver Trust | ISHARES | 46428Q109 | — | 1,239 shares | $67,538 |
| Canadian National Railway Company | COM | 136375102 | — | 564 shares | $67,060 |
| Howmet Aerospace Inc-WI | COM | 443201108 | — | 292 shares | $66,045 |
| Baxter International Inc | COM | 071813109 | — | 2,693 shares | $64,632 |
| IShares Preferred & Income Securities ETF | PFD AND INCM SEC | 464288687 | — | 2,185 shares | $64,458 |
| Stanley Black & Decker Inc | COM | 854502101 | — | 700 shares | $62,013 |
| Keysight Technologies Inc | COM | 49338L103 | — | 169 shares | $61,523 |
| XPO Inc | COM | 983793100 | — | 349 shares | $61,417 |
| Vanguard FTSE All-World Ex-US Index Fund | ALLWRLD EX US | 922042775 | — | 740 shares | $61,398 |
| iShares Russell 3000 Value Index Fund | CORE S&P US VLU | 464287663 | — | 553 shares | $60,985 |
| Dimensional US Targeted Value ETF | US TARGETED VLU | 25434V609 | — | 911 shares | $60,527 |
| SBA Communications Corp | CL A | 78410G104 | — | 377 shares | $60,365 |
| PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund | INTER MUN BD ACT | 72201R866 | — | 1,213 shares | $60,274 |
| TC Energy Corp | COM | 87807B107 | — | 1,040 shares | $60,091 |
| Daktronics, Inc. | COM | 234264109 | — | 3,415 shares | $59,387 |
| Cadence Design Systems, Inc. | COM | 127387108 | — | 179 shares | $59,103 |
| VF Corp | COM | 918204108 | — | 4,194 shares | $58,968 |
| Northrop Grumman Corp | COM | 666807102 | — | 119 shares | $57,534 |
| iShares North American Tech-Software Fund | EXPANDED TECH | 464287515 | — | 540 shares | $57,499 |
| Steel Dynamics, Inc. | COM | 858119100 | — | 258 shares | $57,175 |
| Vanguard FTSE Pacific ETF | FTSE PACIFIC ETF | 922042866 | — | 486 shares | $56,284 |
| First Trust Vest Fund of Buffer ETFs Canada | FT LADD BUFF ETF | 33740F755 | — | 1,497 shares | $56,093 |
| Lamb Weston Holdings Inc | COM | 513272104 | — | 1,335 shares | $55,656 |
| Diageo Plc ADR | SPON ADR NEW | 25243Q205 | — | 650 shares | $55,640 |
| State Street SPDR Portfolio S&P 500 Growth ETF | ST STR P500GRW | 78464A409 | — | 449 shares | $55,263 |
| Hilton Worldwide Holdings Inc | COM | 43300A203 | — | 171 shares | $54,399 |
| Synopsys Inc | COM | 871607107 | — | 125 shares | $54,368 |
| Moody's Corporation | COM | 615369105 | — | 118 shares | $53,587 |
| Robinhood Markets Inc | COM CL A | 770700102 | — | 475 shares | $53,438 |
| Sherwin-Williams Co | COM | 824348106 | — | 164 shares | $53,016 |
| Intuit Corp Common | COM | 461202103 | — | 191 shares | $52,661 |
| Alibaba Group Holding Ltd | SPONSORED ADS | 01609W102 | — | 487 shares | $52,372 |
| AppLovin Corp | COM CL A | 03831W108 | — | 178 shares | $51,697 |
| State Street Communication Services Select Sector SPDR ETF | ST STR SVC ETF | 81369Y852 | — | 464 shares | $51,490 |
| Ally Financial Inc | COM | 02005N100 | — | 1,362 shares | $51,238 |
| Public Storage Inc | COM | 74460D109 | — | 177 shares | $50,063 |
| Triplepoint Venture Growth BDC Corp | COM | 89677Y100 | — | 10,293 shares | $50,024 |
| abrdn Physical Gold Shares ETF | PHYSCL GOLD SHS | 00326A104 | — | 1,255 shares | $49,648 |
| Datadog Inc | CL A COM | 23804L103 | — | 180 shares | $49,293 |
| First Trust Value Line Dividend Index Fund | SHS | 33734H106 | — | 1,043 shares | $48,927 |
| Bloom Energy Corp | COM CL A | 093712107 | — | 175 shares | $48,472 |
| Vanguard Intermediate Term Corporate Bond Fund | INT-TERM CORP | 92206C870 | — | 614 shares | $48,082 |
| Dimensional US Small Cap ETF | US SMALL CAP ETF | 25434V500 | — | 618 shares | $47,846 |
| Boston Scientific Corporation | COM | 101137107 | — | 1,074 shares | $46,880 |
| Lumentum Holdings Inc | COM | 55024U109 | — | 48 shares | $46,620 |
| FactSet Research Systems Inc | COM | 303075105 | — | 172 shares | $46,431 |
| State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | ST STR PR SP1500 | 78464A805 | — | 500 shares | $46,025 |
| VanEck Vectors Semiconductor ETF | SEMICONDUCTR ETF | 92189F676 | — | 75 shares | $45,675 |
| Airbnb Inc | COM CL A | 009066101 | — | 278 shares | $44,661 |
| Coinbase Global Inc | COM CL A | 19260Q107 | — | 238 shares | $44,366 |
| iShares Russell 1000 Index Fund | RUS 1000 ETF | 464287622 | — | 106 shares | $44,110 |
| Vanguard S&P Growth ETF | 500 GRTH IDX F | 921932505 | — | 516 shares | $44,108 |
| GSK PLC ADR | SPONSORED ADR | 37733W204 | — | 910 shares | $43,835 |
| Moderna Inc | COM | 60770K107 | — | 226 shares | $43,521 |
| Schwab Intl Equity ETF | INTL EQTY ETF | 808524805 | — | 1,582 shares | $43,458 |
| Teradyne Inc | COM | 880770102 | — | 108 shares | $43,298 |
| BHP Group Ltd ADR | SPONSORED ADS | 088606108 | — | 500 shares | $42,420 |
| Mobility Global Inc | COM SHS | 60744M106 | — | 2,454 shares | $42,086 |
| Global X Nasdaq 100 Covered Call ETF | NASDAQ 100 COVER | 37954Y483 | — | 2,250 shares | $41,738 |
| Allstate Corp | COM | 020002101 | — | 188 shares | $41,710 |
| DoorDash Inc | CL A | 25809K105 | — | 227 shares | $41,666 |
| Ford Mtr Co | COM | 345370860 | — | 3,412 shares | $41,149 |
| NXP Semiconductors NV | COM | N6596X109 | — | 173 shares | $41,093 |
| Aon PLC | SHS CL A | G0403H108 | — | 148 shares | $40,962 |
| KKR & Co Inc | COM | 48251W104 | — | 445 shares | $40,629 |
| Vanguard Tax-Exempt Bond Index ETF | TAX EXEMPT BD | 922907746 | — | 850 shares | $40,256 |
| Microchip Technology Inc | COM | 595017104 | — | 509 shares | $39,585 |
| Bitwise XRP ETF | BENEFICIAL INT | 09174F107 | — | 2,374 shares | $39,480 |
| HP Inc | COM | 40434L105 | — | 1,255 shares | $39,256 |
| Monolithic Power Systems Inc | COM | 609839105 | — | 29 shares | $39,069 |
| Transdigm Group Inc | COM | 893641100 | — | 36 shares | $38,974 |
| Baker Hughes Company | CL A | 05722G100 | — | 705 shares | $38,705 |
| Vanguard Russell 1000 Growth Index Fund ETF Shares | VNG RUS1000GRW | 92206C680 | — | 300 shares | $38,679 |
| Royal Caribbean Cruises Ltd Group | COM | V7780T103 | — | 145 shares | $38,550 |
| PACCAR Inc | COM | 693718108 | — | 351 shares | $38,543 |
| Twilio Inc - A | CL A | 90138F102 | — | 130 shares | $38,020 |
| Carnival Corp Ltd | COMMON SHARES | G2004J103 | — | 1,531 shares | $37,571 |
| National Fuel Gas Company | COM | 636180101 | — | 490 shares | $37,171 |
| Fastenal Co | COM | 311900104 | — | 750 shares | $37,148 |
| Central Plains Bancshares Inc | COM | 15486W100 | — | 1,833 shares | $36,697 |
| Comfort Systems USA Inc | COM | 199908104 | — | 22 shares | $36,390 |
| Zebra Technologies Corp | CL A | 989207105 | — | 97 shares | $36,211 |
| State Street SPDR Dow Jones REIT ETF | ST STR DOW REIT | 78464A607 | — | 345 shares | $36,197 |
| Ingersoll-Rand Inc | COM | 45687V106 | — | 478 shares | $35,903 |
| iShares 7-10 Year Treasury Bond ETF | 7-10 YR TRSY BD | 464287440 | — | 400 shares | $35,724 |
| DuPont de Nemours Inc | COMMON STOCK | 26614N201 | — | 273 shares | $35,460 |