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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) |
|---|---|---|---|---|---|
| Hecla Mining Co | COM | 422704106 | — | 570 shares | $9,707 |
| Allegion Public Limited Company | ORD SHS | G0176J109 | — | 63 shares | $9,688 |
| Sanmina Corp | COM | 801056102 | — | 45 shares | $9,671 |
| First Horizon Natl Corp | COM | 320517105 | — | 420 shares | $9,668 |
| CNH Industrial NV | SHS | N20944109 | — | 750 shares | $9,638 |
| Tyson Foods, Inc. | CL A | 902494103 | — | 190 shares | $9,601 |
| Trimble Inc | COM | 896239100 | — | 168 shares | $9,594 |
| Domino's Pizza Inc | COM | 25754A201 | — | 32 shares | $9,588 |
| Moog Inc - Cl A | CL A | 615394202 | — | 25 shares | $9,537 |
| Best Buy Co Inc | COM | 086516101 | — | 108 shares | $9,530 |
| Everest Group Ltd | COM | G3223R108 | — | 26 shares | $9,494 |
| Alcoa Corp | COM | 013872106 | — | 225 shares | $9,450 |
| Kimco Realty Common | COM | 49446R109 | — | 425 shares | $9,439 |
| Weyerhaeuser Company | COM NEW | 962166104 | — | 495 shares | $9,430 |
| Elanco Animal Health Inc | COM | 28414H103 | — | 420 shares | $9,404 |
| Vanguard Russell 1000 Value | VNG RUS1000VAL | 92206C714 | — | 86 shares | $9,348 |
| Littlefuse Inc | COM | 537008104 | — | 22 shares | $9,322 |
| Stifel Financial Corp | COM | 860630102 | — | 133 shares | $9,315 |
| Gaming and Leisure Properties Inc | COM | 36467J108 | — | 245 shares | $9,303 |
| Advanced Energy Industries Inc | COM | 007973100 | — | 33 shares | $9,300 |
| EastGroup Properties, Inc | COM | 277276101 | — | 47 shares | $9,280 |
| Tyler Technologies Inc | COM | 902252105 | — | 29 shares | $9,239 |
| Glaukos Corp | COM | 377322102 | — | 56 shares | $9,195 |
| Mid-America Apartment Communities, Inc. | COM | 59522J103 | — | 78 shares | $9,184 |
| The New York Times Company | CL A | 650111107 | — | 144 shares | $9,173 |
| Brown & Brown Inc | COM | 115236101 | — | 150 shares | $9,135 |
| Watsco Inc | COM | 942622200 | — | 30 shares | $9,081 |
| Texas Roadhouse, Inc. | COM | 882681109 | — | 58 shares | $9,068 |
| Avery Dennison Corp | COM | 053611109 | — | 53 shares | $9,046 |
| Qorvo Inc | COM | 74736K101 | — | 79 shares | $9,044 |
| Skyworks Solutions Inc | COM | 83088M102 | — | 104 shares | $8,890 |
| Viavi Solutions Inc | COM | 925550105 | — | 212 shares | $8,887 |
| Affliated Managers | COM | 008252108 | — | 24 shares | $8,775 |
| Crane Co | COMMON STOCK | 224408104 | — | 43 shares | $8,773 |
| Service Corp Intl | COM | 817565104 | — | 115 shares | $8,757 |
| Cognex Corp | COM | 192422103 | — | 144 shares | $8,734 |
| Vanguard Materials ETF | MATERIALS ETF | 92204A801 | — | 40 shares | $8,727 |
| The Carlyle Group | COM | 14316J108 | — | 220 shares | $8,725 |
| Coca-Cola Consolidated Inc | COM | 191098102 | — | 46 shares | $8,706 |
| Donaldson Co Inc | COM | 257651109 | — | 100 shares | $8,704 |
| Repligen Corporation | COM | 759916109 | — | 45 shares | $8,650 |
| Antero Resources Corp | COM | 03674X106 | — | 258 shares | $8,615 |
| Avantor Inc | COM | 05352A100 | — | 570 shares | $8,579 |
| Cullen/Frost Bankers Inc | COM | 229899109 | — | 56 shares | $8,550 |
| Fidelity National Financial Group | COM SHS | 31620R303 | — | 221 shares | $8,542 |
| Arrowhead Pharmaceuticals Inc | COM | 04280A100 | — | 130 shares | $8,509 |
| GoDaddy Inc | CL A | 380237107 | — | 89 shares | $8,500 |
| Watts Water Technologies, Inc. | CL A | 942749102 | — | 24 shares | $8,500 |
| Evercore Inc | CLASS A | 29977A105 | — | 33 shares | $8,498 |
| Southstate Bank Corporation | COM | 84472E102 | — | 85 shares | $8,463 |
| American Healthcare REIT Inc | COM SHS | 398182303 | — | 165 shares | $8,458 |
| Protagonist Therapeutics Inc | COM | 74366E102 | — | 60 shares | $8,453 |
| SEI Investments Co | COM | 784117103 | — | 82 shares | $8,418 |
| Vanguard Russell 2000 Index Fund | VNG RUS2000IDX | 92206C664 | — | 75 shares | $8,418 |
| Darling International Inc | COM | 237266101 | — | 138 shares | $8,378 |
| Krystal Biotech Inc | COM | 501147102 | — | 25 shares | $8,314 |
| Viasat Inc | COM | 92552V100 | — | 118 shares | $8,305 |
| iShares MSCI USA Minimum Volatility ETF | MSCI USA MIN ETF | 46429B697 | — | 85 shares | $8,282 |
| Paycom Software Inc | COM | 70432V102 | — | 38 shares | $8,271 |
| TKO Group Holdings Inc | CL A | 87256C101 | — | 46 shares | $8,267 |
| American Homes 4 Rent | CL A | 02665T306 | — | 272 shares | $8,266 |
| Gamestop Corp CL A New | CL A | 36467W109 | — | 335 shares | $8,258 |
| The Ensign Group Inc | COM | 29358P101 | — | 48 shares | $8,256 |
| American Financial Group | COM | 025932104 | — | 60 shares | $8,206 |
| OGE Energy Corp | COM | 670837103 | — | 179 shares | $8,130 |
| Toro Co Common | COM | 891092108 | — | 84 shares | $8,099 |
| Wintrust Financial Corp | COM | 97650W108 | — | 57 shares | $8,084 |
| Carmax Inc | COM | 143130102 | — | 146 shares | $8,046 |
| Flowserve Corp | COM | 34354P105 | — | 110 shares | $8,043 |
| Pinterest Inc | CL A | 72352L106 | — | 425 shares | $8,028 |
| Regency Centers Corp | COM | 758849103 | — | 111 shares | $7,979 |
| Owens Corning Inc | COM | 690742101 | — | 68 shares | $7,938 |
| Zions Bancorp NA | COM | 989701107 | — | 126 shares | $7,894 |
| Valmont Industries, Inc. | COM | 920253101 | — | 17 shares | $7,871 |
| Generac Holdings, Inc. | COM | 368736104 | — | 38 shares | $7,864 |
| Element Solutions Inc | COM | 28618M106 | — | 216 shares | $7,836 |
| HubSpot Inc | COM | 443573100 | — | 38 shares | $7,789 |
| HealthPeak Properties Inc | COM | 42250P103 | — | 390 shares | $7,788 |
| Acuity Inc. | COM | 00508Y102 | — | 25 shares | $7,745 |
| Saia Inc | COM | 78709Y105 | — | 23 shares | $7,676 |
| The Wendy's Co | COM | 95058W100 | — | 1,203 shares | $7,675 |
| CoStar Group Inc | COM | 22160N109 | — | 280 shares | $7,672 |
| Dick's Sporting Goods, Inc | COM | 253393102 | — | 57 shares | $7,655 |
| Range Resources Corp | COM | 75281A109 | — | 205 shares | $7,593 |
| MaxLinear Inc | COM | 57776J100 | — | 84 shares | $7,586 |
| Murphy USA Inc | COM | 626755102 | — | 15 shares | $7,560 |
| Ryder System, Inc | COM | 783549108 | — | 33 shares | $7,519 |
| American Airlines Group Inc | COM | 02376R102 | — | 560 shares | $7,487 |
| Ferrari NV | COM | N3167Y103 | — | 19 shares | $7,464 |
| Brixmor Property Group Inc REIT | COM | 11120U105 | — | 270 shares | $7,452 |
| Invesco PLC New | SHS | G491BT108 | — | 247 shares | $7,450 |
| SM Energy Co | COM | 78454L100 | — | 220 shares | $7,432 |
| Tetra Tech Inc | COM | 88162G103 | — | 225 shares | $7,414 |
| CubeSmart | COM | 229663109 | — | 197 shares | $7,403 |
| Voya Financial Inc | COM | 929089100 | — | 78 shares | $7,369 |
| Primerica Inc | COM | 74164M108 | — | 27 shares | $7,355 |
| Advanced Drainage Systems Inc | COM | 00790R104 | — | 58 shares | $7,349 |
| SPX Technologies Inc | COM | 78473E103 | — | 43 shares | $7,291 |
| Hasbro Inc | COM | 418056107 | — | 83 shares | $7,277 |
| Old Republic International Corporation | COM | 680223104 | — | 195 shares | $7,275 |