EdgeMarket › What Farmers & Merchants Investments Inc reported owning

What Farmers & Merchants Investments Inc reported owning

As filed on Form 13F for the quarter ending 2026-03-31, up to 45 days after that date. Long-only US-listed equity — shorts, bonds, cash and non-US listings are not on the form, so this is one leg of the book, not the book.

Reported value

3.6B

Positions

1,760

Quarter

2026-03-31

Shown below

50
largest by value
holdingvalue% of booksharesprice1y
IVV
iShares Core S&P 500 ETF
253.3M7.0%387.8K769.31+20.0%
VEA
Vanguard FTSE Developed Markets ETF
233.9M6.5%3.6M73.42+24.7%
NNI
NELNET INC
152.7M4.2%1.2M127.03+0.8%
IJR
iShares Core S&P Small-Cap ETF
150.9M4.2%1.2M147.31+29.0%
IJH
iShares Core S&P Mid-Cap ETF
127.3M3.5%1.9M76.77+20.8%
AAPL
Apple Inc.
111.7M3.1%440.3K309.35+36.9%
MSFT
MICROSOFT CORP
101.1M2.8%273.2K483.24-4.4%
VWO
Vanguard FTSE Emerging Markets ETF
77.1M2.1%1.4M60.45+17.7%
AVGO
Broadcom Inc.
65.9M1.8%213.0K368.45+26.5%
BND
Vanguard Total Bond Market ETF
59.5M1.6%808.5K72.23-1.8%
unmapped CUSIP 08467070253.5M1.5%111.5K
GOOGL
Alphabet Inc.
52.2M1.4%181.6K344.82+73.0%
WMT
Walmart Inc.
52.0M1.4%418.5K103.70+1.1%
SLQD
iShares 0-5 Year Investment Grade Corporate Bo
49.0M1.4%971.0K50.16-0.9%
WCC
WESCO INTERNATIONAL INC
48.0M1.3%175.6K349.14+66.6%
APH
AMPHENOL CORP /DE/
46.1M1.3%365.0K157.01+44.5%
XOM
ExxonMobil Holdings Corp
45.3M1.3%267.3K165.11+52.1%
JPM
JPMORGAN CHASE & CO
44.8M1.2%152.4K351.58+20.3%
GOOG
Alphabet Inc.
42.5M1.2%148.1K341.75+70.7%
LLY
ELI LILLY & Co
41.4M1.1%45.0K1,255.40+78.0%
AMD
ADVANCED MICRO DEVICES INC
39.5M1.1%194.3K473.25+186.5%
JNJ
JOHNSON & JOHNSON
38.4M1.1%157.2K270.24+51.1%
AMZN
AMAZON COM INC
33.9M0.9%162.6K258.63+15.6%
NVDA
NVIDIA CORP
32.3M0.9%185.3K214.72+22.4%
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
31.6M0.9%93.4K418.95+83.3%
ORCL
ORACLE CORP
30.8M0.8%209.3K146.47-37.7%
LOW
LOWES COMPANIES INC
29.9M0.8%126.6K216.09-16.0%
GS
GOLDMAN SACHS GROUP INC
27.4M0.8%32.4K1,039.28+44.2%
unmapped CUSIP 08467010827.3M0.8%38
PEP
PEPSICO INC
26.3M0.7%169.4K143.48-4.8%
EMR
EMERSON ELECTRIC CO
24.1M0.7%183.6K157.26+20.1%
CSCO
CISCO SYSTEMS, INC.
23.7M0.7%305.2K111.04+65.5%
CVX
CHEVRON CORP
22.7M0.6%109.7K205.27+34.0%
RTX
RTX Corp
22.2M0.6%114.9K209.91+34.1%
VOO
Vanguard S&P 500 ETF
21.7M0.6%36.3K703.71+20.0%
VCSH
Vanguard Short-Term Corporate Bond ETF
21.6M0.6%272.2K78.59-1.3%
MCD
MCDONALDS CORP
20.9M0.6%67.2K270.95-13.5%
V
VISA INC.
20.6M0.6%68.1K371.04+7.9%
APD
Air Products & Chemicals, Inc.
20.4M0.6%70.2K305.10+4.4%
TXN
TEXAS INSTRUMENTS INC
20.1M0.6%103.5K264.36+31.7%
UNP
UNION PACIFIC CORP
20.0M0.6%82.3K308.05+36.5%
BAC
BANK OF AMERICA CORP /DE/
19.9M0.5%407.3K61.69+27.6%
PG
PROCTER & GAMBLE Co
19.5M0.5%135.3K144.68-9.3%
CVS
CVS HEALTH Corp
18.7M0.5%260.7K93.02+31.3%
ABT
ABBOTT LABORATORIES
18.2M0.5%177.5K116.64-11.9%
CAT
CATERPILLAR INC
18.2M0.5%25.7K827.90+96.8%
IWM
iShares Russell 2000 ETF
17.9M0.5%72.2K299.96+33.1%
ABBV
AbbVie Inc.
17.9M0.5%82.2K264.96+26.7%
VTIP
Vanguard Short-Term Inflation-Protected Securi
17.4M0.5%348.7K49.79-1.1%
COST
COSTCO WHOLESALE CORP /NEW
17.4M0.5%17.5K947.74-4.7%

A position that grew quarter on quarter may simply reflect a higher price: if the stock rose 40% and the manager did nothing, the reported value rose 40%. Reading that as accumulation is reading the price back to yourself. More on that →

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