Farmers & Merchants Investments INC 13F holdings
Farmers & Merchants Investments INC reported 1,745 positions with a total reported value of $4.1B as of 2026-06-30, in its 13F for Q2 2026, filed 2026-07-20. Top holdings by reported value: iShares S&P 500 Index Fund (7.1%), Vanguard FTSE Developed Markets ETF (6.5%), iShares S&P Small Cap 600 Index ETF (4.0%), NNI Nelnet, Inc. (3.8%), iShares S&P Midcap 400 (3.6%). Against 2026-03-31 it opened 61 new positions and exited 60. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
25 largest of 1,745 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| iShares S&P 500 Index Fund | 390,589 | $292.5M | 7.1% |
| Vanguard FTSE Developed Markets ETF | 3,755,844 | $267.6M | 6.5% |
| iShares S&P Small Cap 600 Index ETF | 1,116,608 | $165.6M | 4.0% |
| NNI Nelnet, Inc. | 1,179,351 | $157.2M | 3.8% |
| iShares S&P Midcap 400 | 1,938,937 | $149.5M | 3.6% |
| AAPL Apple Inc | 447,308 | $129.4M | 3.1% |
| GOOGL Alphabet Inc Class A | 336,670 | $119.7M | 2.9% |
| AMD Advanced Micro Devices Inc | 193,518 | $112.4M | 2.7% |
| MSFT Microsoft Corp | 282,623 | $105.4M | 2.6% |
| BRK-B Berkshire Hathaway Inc Del Cl A | 114,192 | $84.8M | 2.1% |
| Vanguard FTSE Emerging Markets ETF | 1,326,765 | $79.2M | 1.9% |
| AVGO Broadcom Inc | 205,311 | $77.6M | 1.9% |
| APH Amphenol Corp Cl A | 369,201 | $65.1M | 1.6% |
| Wesco International Inc | 174,057 | $60.1M | 1.5% |
| Vanguard Total Bond Market ETF | 813,345 | $59.7M | 1.4% |
| LLY Eli Lilly & Co | 44,397 | $53.3M | 1.3% |
| JPM JPMorgan Chase & Co. | 153,996 | $50.4M | 1.2% |
| iShares 0-5 Yr Inv Grd Corp Bond ETF | 982,350 | $49.5M | 1.2% |
| WMT Walmart, Inc | 405,094 | $45.9M | 1.1% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | 95,452 | $45.6M | 1.1% |
| DELL Dell Technologies Inc Cl C | 98,373 | $42.4M | 1.0% |
| AMZN Amazon.com, Inc. | 171,378 | $40.8M | 1.0% |
| JNJ Johnson & Johnson | 159,376 | $40.5M | 1.0% |
| NVDA NVIDIA Corporation | 199,159 | $39.8M | 1.0% |
| XOM Exxon Mobil Corp | 270,273 | $37.0M | 0.9% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 61 in all · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| NRC Health | 330,649 | $7.1M | 0.2% |
| Honeywell International Inc | 24,667 | $5.5M | 0.1% |
| HONA Honeywell Aerospace Inc | 24,667 | $5.5M | 0.1% |
| Fedex Freight Holding Co Inc | 12,991 | $2.0M | <0.1% |
| MRVL Marvell Technology Inc | 441 | $131.4K | <0.1% |
| iShares US Telecommunications | 2,142 | $90.6K | <0.1% |
| State Street SPDR Portfolio S&P 500 ETF | 916 | $80.5K | <0.1% |
| iShares Dow Jones U.S. Industrial Sector Index Fund | 451 | $75.2K | <0.1% |
| iShares Dow Jones U.S. Energy Sector Index Fd | 1,208 | $68.4K | <0.1% |
| SPCX Space Exploration Technologies Corp | 200 | $34.2K | <0.1% |
| ELDN Eledon Pharmaceuticals Inc | 6,321 | $24.9K | <0.1% |
| SNDA Sonida Senior Living Inc | 452 | $19.1K | <0.1% |
| BE Bloom Energy Corp | 50 | $15.1K | <0.1% |
| ROKU Roku, Inc | 108 | $14.9K | <0.1% |
| SPDR Portfolio S&P 400 Mid Cap ETF | 183 | $12.4K | <0.1% |
| Coeur d' Alene Mines Corporation | 650 | $10.6K | <0.1% |
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 168 | $9.7K | <0.1% |
| Vanguard Russell 1000 Value | 86 | $9.1K | <0.1% |
| VEEV Veeva Systems Inc- Class A | 33 | $5.9K | <0.1% |
| Vanguard Emerging Markets Government Bond ETF | 69 | $4.6K | <0.1% |
| iShares Convertible Bond ETF | 38 | $4.6K | <0.1% |
| VanEck Fallen Angel High Yield Bond ETF | 151 | $4.4K | <0.1% |
| SPDR Blackstone Senior Loan ETF | 108 | $4.4K | <0.1% |
| Global X US Preferred ETF | 231 | $4.3K | <0.1% |
| JPMorgan US Quality Factor ETF | 57 | $4.1K | <0.1% |
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 60 in all · reported value as of 2026-03-31
| Holding | Shares 2026-03-31 | Reported value | % of portfolio then |
|---|---|---|---|
| Honeywell Intl Inc | 49,696 | $11.2M | 0.3% |
| IShares Morningstar Mid Core Index Fund | 1,503 | $125.4K | <0.1% |
| iShares US Consumer Discretionary ETF | 864 | $83.7K | <0.1% |
| Coterra Energy Inc | 2,305 | $81.0K | <0.1% |
| First Trust Enhanced Short Maturity ETF | 900 | $53.8K | <0.1% |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETF | 737 | $35.3K | <0.1% |
| CSG Systems Intl Inc | 272 | $21.7K | <0.1% |
| AEM Agnico-Eagle Mines Ltd | 100 | $20.3K | <0.1% |
| IShares US Treasury Bond ETF | 618 | $14.2K | <0.1% |
| iShares U.S. Pharmaceuticals ETF | 150 | $13.0K | <0.1% |
| HMC Honda Motor Co Ltd ADR | 434 | $10.6K | <0.1% |
| Masimo Corp | 42 | $7.5K | <0.1% |
| iShares Global Healthcare ETF | 66 | $6.2K | <0.1% |
| Rocket Companies Inc | 418 | $6.0K | <0.1% |
| BOC Boston Omaha Corp | 509 | $5.9K | <0.1% |
| EPAM EPAM Sys Inc | 37 | $5.0K | <0.1% |
| GPCR Structure Therapeutics Inc ADR | 100 | $4.8K | <0.1% |
| Vaneck Vectors High Yield Municipal Index ETF | 96 | $4.8K | <0.1% |
| SOFI SoFi Technologies Inc | 250 | $4.0K | <0.1% |
| Air Lease Corp Cl A | 60 | $3.9K | <0.1% |
| Sealed Air | 80 | $3.4K | <0.1% |
| Janus Henderson AAA CLO ETF | 50 | $2.5K | <0.1% |
| FGDL Franklin High Yield Corporate ETF | 100 | $2.4K | <0.1% |
| Tri Pointe Homes Inc | 50 | $2.3K | <0.1% |
| Apellis Pharmaceuticals Inc | 50 | $2.0K | <0.1% |
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| Vanguard FTSE Developed Markets ETF | 3,649,530 | 3,755,844 | +2.9% | $267.6M |
| CPAY Corpay Inc | 51 | 22,067 | +43,168.6% | $7.4M |
| Sprouts Farmers Market Inc | 88 | 49,427 | +56,067.0% | $4.2M |
| iShares S&P Midcap 400 | 1,885,265 | 1,938,937 | +2.8% | $149.5M |
| MSFT Microsoft Corp | 273,172 | 282,623 | +3.5% | $105.4M |
| CRM Salesforce Inc | 81,053 | 100,581 | +24.1% | $15.8M |
| NVDA NVIDIA Corporation | 185,342 | 199,159 | +7.5% | $39.8M |
| NJR New Jersey Resources Corp | 85 | 47,255 | +55,494.1% | $2.6M |
| GOOGL Alphabet Inc Class A | 329,701 | 336,670 | +2.1% | $119.7M |
| Vanguard Mid-Cap Index ETF | 9,635 | 38,464 | +299.2% | $3.1M |
| PANW Palo Alto Networks, Inc. | 95,296 | 101,488 | +6.5% | $34.6M |
| AMZN Amazon.com, Inc. | 162,569 | 171,378 | +5.4% | $40.8M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| iShares S&P Small Cap 600 Index ETF | 1,213,599 | 1,116,608 | -8.0% | $165.6M |
| Vanguard FTSE Emerging Markets ETF | 1,426,926 | 1,326,765 | -7.0% | $79.2M |
| COIN Coinbase Global Inc | 25,238 | 238 | -99.1% | $34.8K |
| PYPL Paypal Holdings Inc | 152,464 | 77,634 | -49.1% | $3.4M |
| AVGO Broadcom Inc | 213,014 | 205,311 | -3.6% | $77.6M |
| Vanguard S/T Corp Bond ETF | 272,160 | 251,560 | -7.6% | $19.9M |
| WMT Walmart, Inc | 418,464 | 405,094 | -3.2% | $45.9M |
| KHC Kraft Heinz Co | 92,659 | 38,679 | -58.3% | $913.6K |
| INGR Ingredion Inc | 15,543 | 4,621 | -70.3% | $437.7K |
| ATI ATI Inc | 34,723 | 31,003 | -10.7% | $6.1M |
| LLY Eli Lilly & Co | 45,007 | 44,397 | -1.4% | $53.3M |
| CAT Caterpillar Inc | 25,697 | 25,053 | -2.5% | $26.7M |
CIK 1259969 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
