FARMERS & MERCHANTS INVESTMENTS INC
Sector Allocation
- Other31.6%$1.3B
- Technology26.3%$1.1B
- Financials12.4%$515.2M
- Healthcare7.3%$304.0M
- Consumer Discretionary5.9%$246.9M
- Industrials5.1%$210.7M
- Consumer Staples3.5%$144.5M
- Energy3.1%$129.1M
- Materials2.0%$82.5M
- Utilities1.4%$56.3M
AUM History
13fpro.ai/research/fund/farmers-and-merchants-investments-inc-1259969
Conviction and streaks
Stable · top 10 = 37.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- iShares$300.5M
- Vanguard$271.0M
- iShares$152.4M
AAPL
$149.0MMSFT
$146.5MNNI
$144.3M- iShares$142.1M
AMD
$116.8M- Vanguard$79.3M
AVGO
$73.4MGOOGL
$63.8MWCC
$63.0MAPH
$62.0M- Vanguard$58.0M
BRK.B
$56.8MGOOG
$54.4MJPM
$51.1MLLY
$51.0MDELL
$50.8M- iShares$50.3M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/farmers-and-merchants-investments-inc-1259969
FARMERS & MERCHANTS INVESTMENTS INC 13F holdings — Q3 2026
$4.2B portfolio (+0.8% QoQ) · 1,767 holdings · Q3 2026 13F · top 10 are 38% of the stock portfolio
- 1
iShares S&P 500 Index Fund - CORE S&P500 ETF
$300.5M
7.2% of stocks
+0.5%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
Vanguard FTSE Developed Markets ETF - VAN FTSE DEV MKT
$271.0M
6.5% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
iShares S&P Small Cap 600 Index ETF - CORE S&P SCP ETF
$152.4M
3.7% of stocks
+0.3%This quarter—Since filed—HeldAIQuality—Est. buy— $149.0M
3.6% of stocks
+0.0%This quarter-1.2%Since filed11+ qtrsHeld$146.5M
3.5% of stocks
+1%This quarter+2.2%Since filed11+ qtrsHeld$144.3M
3.5% of stocks
-0.6%This quarter-2.7%Since filed11+ qtrsHeld- 7
iShares S&P Midcap 400 - CORE S&P MCP ETF
$142.1M
3.4% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— $116.8M
2.8% of stocks
-1%This quarter+4.6%Since filed11+ qtrsHeld- 9
Vanguard FTSE Emerging Markets ETF - FTSE EMR MKT ETF
$79.3M
1.9% of stocks
+0.7%This quarter—Since filed—HeldAIQuality—Est. buy— $73.4M
1.8% of stocks
+2%This quarter+1.8%Since filed11+ qtrsHeld
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | iShares S&P 500 Index Fund - CORE S&P500 ETF | $300.5M | 7.2% | +0.5% | — | — | — | — | |
| 2 | Vanguard FTSE Developed Markets ETF - VAN FTSE DEV MKT | $271.0M | 6.5% | +2% | — | — | — | — | |
| 3 | iShares S&P Small Cap 600 Index ETF - CORE S&P SCP ETF | $152.4M | 3.7% | +0.3% | — | — | — | — | |
| 4 | $149.0M | 3.6% | +0.0% | -1.2% | 11+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | $146.5M | 3.5% | +1% | +2.2% | 11+ qtrsAdded 4 qtrs in a row | 79.8#30 | Estimated buy price is Pro: unlock with a free trial | ||
| 6 | $144.3M | 3.5% | -0.6% | -2.7% | 11+ qtrs | 63.1#642 | Estimated buy price is Pro: unlock with a free trial | ||
| 7 | iShares S&P Midcap 400 - CORE S&P MCP ETF | $142.1M | 3.4% | +2% | — | — | — | — | |
| 8 | $116.8M | 2.8% | -1% | +4.6% | 11+ qtrs | 79.8#31 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | Vanguard FTSE Emerging Markets ETF - FTSE EMR MKT ETF | $79.3M | 1.9% | +0.7% | — | — | — | — | |
| 10 | $73.4M | 1.8% | +2% | +1.8% | 11+ qtrs | 84.5#7 | Estimated buy price is Pro: unlock with a free trial |
All holdings — FARMERS & MERCHANTS INVESTMENTS INC (Q3 2026)
1,767 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated. The page lists up to 1,000; every position is in the Excel export.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Alphabet Inc. | Technology | $63.8M | 1.5% | 185K | +1.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | WESCO INTERNATIONAL INC | Consumer Discretionary | $63.0M | 1.5% | 175K | +0.7% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | AMPHENOL CORP /DE/ | Technology | $62.0M | 1.5% | 736K | +99% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | — | Vanguard Total Bond Market ETF - TOTAL BND MRKTnote | — | $58.0M | 1.4% | 827K | +2% | — | — | 13F |
| 15 | BERKSHIRE HATHAWAY INC | Financials | $56.8M | 1.4% | 114K | -0.1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Alphabet Inc. | Technology | $54.4M | 1.3% | 160K | +4% | 11+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | JPMORGAN CHASE & CO | Financials | $51.1M | 1.2% | 155K | +0.4% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | ELI LILLY & Co | Healthcare | $51.0M | 1.2% | 44K | -0.7% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Dell Technologies Inc. | Technology | $50.8M | 1.2% | 94K | -4% | 11+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | — | iShares 0-5 Yr Inv Grd Corp Bond ETF - 0-5YR INVT GR CPnote | — | $50.3M | 1.2% | 1.02M | +3% | — | — | 13F |
| 21 | NVIDIA CORP | Technology | $47.3M | 1.1% | 207K | +4% | 11+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDadr | Technology | $44.7M | 1.1% | 98K | +3% | 11+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | AMAZON COM INC | Consumer Discretionary | $44.6M | 1.1% | 179K | +4% | 11+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | EXXON MOBIL CORP | Energy | $43.8M | 1.1% | 269K | -0.4% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Walmart Inc. | Consumer Staples | $42.5M | 1.0% | 409K | +1.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $JNJ | JOHNSON & JOHNSON | Healthcare | $42.4M | 1.0% | 160K | +0.5% | |||
| 27 | $PANW | Palo Alto Networks Inc | Technology | $40.7M | 1.0% | 102K | +0.9% | |||
| 28 | $CSCO | CISCO SYSTEMS, INC. | Technology | $32.4M | 0.8% | 301K | -0.1% | |||
| 29 | $GS | GOLDMAN SACHS GROUP INC | Financials | $29.5M | 0.7% | 33K | +0.7% | |||
| 30 | $ORCL | ORACLE CORP | Technology | $29.2M | 0.7% | 213K | +0.4% | |||
| 31 | $TXN | TEXAS INSTRUMENTS INC | Technology | $29.1M | 0.7% | 104K | -1% | |||
| 32 | $EMR | EMERSON ELECTRIC CO | Industrials | $28.8M | 0.7% | 186K | +0.1% | |||
| 33 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $27.6M | 0.7% | 37 | — | |||
| 34 | — | Vanguard S&P 500 ETF - S&P 500 ETF SHS | — | $25.2M | 0.6% | 36K | -2% | |||
| 35 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $24.3M | 0.6% | 132K | +2% | |||
| 36 | $V | VISA INC. | Financials | $24.1M | 0.6% | 67K | -1% | |||
| 37 | $CRM | Salesforce, Inc. | Technology | $23.7M | 0.6% | 103K | +3% | |||
| 38 | $ASML | ASML HOLDING NV | Technology | $23.4M | 0.6% | 13K | +2% | |||
| 39 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $23.1M | 0.6% | 63K | +0.0% | |||
| 40 | $CVS | CVS HEALTH Corp | Healthcare | $22.8M | 0.6% | 266K | +1% | |||
| 41 | $PEP | PEPSICO INC | Consumer Staples | $22.6M | 0.5% | 179K | +4% | |||
| 42 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $22.6M | 0.5% | 415K | +0.3% | |||
| 43 | $CVX | CHEVRON CORP | Energy | $22.6M | 0.5% | 111K | +0.4% | |||
| 44 | $ABBV | AbbVie Inc. | Healthcare | $22.5M | 0.5% | 86K | +0.6% | |||
| 45 | $UNP | UNION PACIFIC CORP | Industrials | $22.4M | 0.5% | 82K | -0.0% | |||
| 46 | $RTX | RTX Corp | Industrials | $20.9M | 0.5% | 113K | -2% | |||
| 47 | — | Vanguard S/T Corp Bond ETF - SHRT TRM CORP BD | — | $20.4M | 0.5% | 264K | +5% | |||
| 48 | $CAT | CATERPILLAR INC | Industrials | $20.3M | 0.5% | 25K | -0.1% | |||
| 49 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $19.9M | 0.5% | 137K | +0.2% | |||
| 50 | $APD | Air Products & Chemicals, Inc. | Materials | $19.7M | 0.5% | 71K | +0.3% | |||
| 51 | — | iShares Russell 2000 Index Fund - RUSSELL 2000 ETF | — | $19.6M | 0.5% | 70K | -3% | |||
| 52 | $MET | METLIFE INC | Financials | $18.6M | 0.5% | 198K | -0.1% | |||
| 53 | $ABT | ABBOTT LABORATORIES | Healthcare | $18.6M | 0.5% | 188K | +3% | |||
| 54 | $ROST | ROSS STORES, INC. | Consumer Discretionary | $17.6M | 0.4% | 75K | -0.8% | |||
| 55 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $17.2M | 0.4% | 89K | +0.7% | |||
| 56 | $MRK | Merck & Co., Inc. | Healthcare | $17.1M | 0.4% | 117K | -0.3% | |||
| 57 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $17.0M | 0.4% | 19K | +7% | |||
| 58 | $NUE | NUCOR CORP | Materials | $16.6M | 0.4% | 71K | -1% | |||
| 59 | $MCD | MCDONALDS CORP | Consumer Discretionary | $16.3M | 0.4% | 71K | +3% | |||
| 60 | $META | Meta Platforms, Inc. | Technology | $16.3M | 0.4% | 22K | +3% | |||
| 61 | — | Vanguard Short-Term Inflation -Protected Securities ETF - STRM INFPROIDX | — | $15.9M | 0.4% | 323K | -4% | |||
| 62 | — | iShares S&P 500 Growth Index Fund - S&P 500 GRWT ETF | — | $15.8M | 0.4% | 111K | -0.7% | |||
| 63 | $USB | US BANCORP \DE\ | Financials | $15.7M | 0.4% | 272K | -1% | |||
| 64 | $DIS | Walt Disney Co | Communication Services | $15.6M | 0.4% | 149K | +0.5% | |||
| 65 | $BLK | BlackRock, Inc. | Financials | $15.3M | 0.4% | 14K | +0.7% | |||
| 66 | $DOV | DOVER Corp | Industrials | $15.2M | 0.4% | 81K | -0.3% | |||
| 67 | $LIN | LINDE PLC | Materials | $14.7M | 0.3% | 31K | -0.8% | |||
| 68 | $AMP | AMERIPRISE FINANCIAL INC | Financials | $14.6M | 0.3% | 30K | -0.2% | |||
| 69 | — | iShares GNMA Bond ETF - GNMA BOND ETF | — | $14.2M | 0.3% | 339K | +3% | |||
| 70 | — | iShares Barclays MBS Bond Fund ETF - MBS ETF | — | $14.1M | 0.3% | 157K | +5% | |||
| 71 | $WM | WASTE MANAGEMENT INC | Utilities | $13.9M | 0.3% | 68K | -0.1% | |||
| 72 | $ENB | ENBRIDGE INC | Energy | $13.8M | 0.3% | 297K | +1% | |||
| 73 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $13.6M | 0.3% | 145K | +0.5% | |||
| 74 | $ICLR | ICON PLC | Healthcare | $13.6M | 0.3% | 80K | -4% | |||
| 75 | $AFL | AFLAC INC | Financials | $13.5M | 0.3% | 121K | -0.8% | |||
| 76 | $SYY | SYSCO CORP | Consumer Discretionary | $13.5M | 0.3% | 173K | -0.6% | |||
| 77 | — | iShares iBoxx H/Y Corp Bond Fund ETF - IBOXX HI YD ETF | — | $13.2M | 0.3% | 171K | +0.8% | |||
| 78 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $12.9M | 0.3% | 282K | -0.8% | |||
| 79 | — | iShares Russell Mid-Cap Growth ETF - RUS MD CP GR ETF | — | $12.9M | 0.3% | 93K | +0.1% | |||
| 80 | $META | Meta Platforms, Inc. | Technology | $12.7M | 0.3% | 166K | -1% | |||
| 81 | $ROP | ROPER TECHNOLOGIES INC | Technology | $12.6M | 0.3% | 36K | +2% | |||
| 82 | $COP | CONOCOPHILLIPS | Energy | $12.4M | 0.3% | 99K | -0.2% | |||
| 83 | $ITT | ITT INC. | Industrials | $12.4M | 0.3% | 62K | +1% | |||
| 84 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | $12.2M | 0.3% | 221K | -3% | |||
| 85 | $QCOM | QUALCOMM INC/DE | Technology | $12.0M | 0.3% | 65K | -1% | |||
| 86 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $11.8M | 0.3% | 46K | -0.1% | |||
| 87 | $EW | Edwards Lifesciences Corp | Healthcare | $11.6M | 0.3% | 134K | +0.6% | |||
| 88 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $11.6M | 0.3% | 144K | -1% | |||
| 89 | $MDT | Medtronic plc | Healthcare | $11.3M | 0.3% | 132K | -1% | |||
| 90 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $10.9M | 0.3% | 83K | -0.2% | |||
| 91 | $SYK | STRYKER CORP | Healthcare | $10.9M | 0.3% | 39K | -0.1% | |||
| 92 | $AMGN | AMGEN INC | Healthcare | $10.8M | 0.3% | 26K | -0.1% | |||
| 93 | $NRC | NRC HEALTH | Healthcare | $10.6M | 0.3% | 502K | +52% | |||
| 94 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $10.1M | 0.2% | 174K | -0.9% | |||
| 95 | $KO | COCA COLA CO | Consumer Staples | $9.9M | 0.2% | 115K | -0.6% | |||
| 96 | $SPY | SPDR S&P 500 ETF TRUST | — | $9.8M | 0.2% | 13K | +1% | |||
| 97 | $GWW | W.W. GRAINGER, INC. | Consumer Discretionary | $9.8M | 0.2% | 7,850 | -5% | |||
| 98 | $JCI | Johnson Controls International plc | Industrials | $9.7M | 0.2% | 65K | +1% | |||
| 99 | $NEE | NEXTERA ENERGY INC | Utilities | $9.4M | 0.2% | 124K | +6% | |||
| 100 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $9.3M | 0.2% | 36K | -0.5% | |||
| 101 | $DLR | DIGITAL REALTY TRUST, INC. | Real Estate | $9.0M | 0.2% | 51K | +0.9% | |||
| 102 | $PSX | Phillips 66 | Energy | $9.0M | 0.2% | 35K | -1% | |||
| 103 | $CPAY | CORPAY, INC. | Financials | $9.0M | 0.2% | 23K | +4% | |||
| 104 | — | iShares Barclays Aggregate Bond Fund - CORE US AGGBD ET | — | $8.8M | 0.2% | 93K | +10% | |||
| 105 | $ATR | APTARGROUP, INC. | Materials | $8.6M | 0.2% | 71K | +0.9% | |||
| 106 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $8.5M | 0.2% | 30K | -0.2% | |||
| 107 | $C | CITIGROUP INC | Financials | $8.2M | 0.2% | 64K | -0.9% | |||
| 108 | $DHR | DANAHER CORP /DE/ | Healthcare | $8.2M | 0.2% | 37K | +4% | |||
| 109 | $AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | $7.9M | 0.2% | 67K | +2% | |||
| 110 | $UBER | Uber Technologies, Inc | Technology | $7.8M | 0.2% | 114K | +1% | |||
| 111 | $NKE | NIKE, Inc. | Consumer Discretionary | $7.5M | 0.2% | 212K | +2% | |||
| 112 | $FDX | FEDEX CORP | Industrials | $7.3M | 0.2% | 26K | -0.6% | |||
| 113 | $TGT | TARGET CORP | Consumer Staples | $7.0M | 0.2% | 45K | -2% | |||
| 114 | — | iShares Russell Midcap Value Index Fund - RUS MDCP VAL ETF | — | $7.0M | 0.2% | 43K | +0.1% | |||
| 115 | $AME | AMETEK INC/ | Industrials | $7.0M | 0.2% | 28K | -0.3% | |||
| 116 | $BAH | Booz Allen Hamilton Holding Corp | Technology | $6.7M | 0.2% | 96K | -0.4% | |||
| 117 | $O | REALTY INCOME CORP | Real Estate | $6.6M | 0.2% | 122K | +3% | |||
| 118 | — | Vanguard MSCI European ETF - FTSE EUROPE ETF | — | $6.5M | 0.2% | 75K | — | |||
| 119 | $SLB | SLB LIMITED/NV | Energy | $6.5M | 0.2% | 133K | -0.4% | |||
| 120 | $DUK | Duke Energy CORP | Utilities | $6.3M | 0.1% | 55K | -0.2% | |||
| 121 | $ECL | ECOLAB INC. | Materials | $6.2M | 0.1% | 22K | +2% | |||
| 122 | — | iShares Russell 2000 Growth Index Fd - RUS 2000 GRW ETF | — | $6.2M | 0.1% | 17K | — | |||
| 123 | $ROK | ROCKWELL AUTOMATION, INC | Industrials | $6.1M | 0.1% | 14K | -0.8% | |||
| 124 | $LRCX | LAM RESEARCH CORP | Technology | $6.1M | 0.1% | 18K | -0.5% | |||
| 125 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $5.7M | 0.1% | 26K | +0.4% | |||
| 126 | $ATI | ATI INC | Materials | $5.6M | 0.1% | 30K | -5% | |||
| 127 | $FTS | Fortis Inc. | Utilities | $5.4M | 0.1% | 103K | +2% | |||
| 128 | $SPGI | S&P Global Inc. | Financials | $5.2M | 0.1% | 13K | +4% | |||
| 129 | $PFE | PFIZER INC | Healthcare | $5.2M | 0.1% | 182K | +0.7% | |||
| 130 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $5.2M | 0.1% | 25K | -0.6% | |||
| 131 | $NVS | NOVARTIS AG | Healthcare | $5.1M | 0.1% | 36K | -2% | |||
| 132 | $GPC | GENUINE PARTS CO | Consumer Discretionary | $4.9M | 0.1% | 39K | -1.0% | |||
| 133 | — | iShares MSCI EAFE Index Fund - MSCI EAFE ETF | — | $4.7M | 0.1% | 45K | +0.1% | |||
| 134 | — | Vanguard Dividend Appreciation Index ETF - DIV APP ETF | — | $4.6M | 0.1% | 20K | -0.9% | |||
| 135 | $HONA | Honeywell Aerospace Inc. | Industrials | $4.6M | 0.1% | 30K | +20% | |||
| 136 | — | iShares Russell Midcap Index Fund - RUS MID CAP ETF | — | $4.4M | 0.1% | 42K | -0.5% | |||
| 137 | $TSLA | Tesla, Inc. | Consumer Discretionary | $4.3M | 0.1% | 12K | -0.6% | |||
| 138 | $FISV | FISERV INC | Financials | $4.1M | 0.1% | 91K | -0.0% | |||
| 139 | $NFLX | NETFLIX INC | Communication Services | $4.0M | 0.1% | 58K | +0.6% | |||
| 140 | — | Vanguard Real Estate Index ETF - REAL ESTATE ETF | — | $3.9M | 0.1% | 43K | +0.5% | |||
| 141 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $3.8M | 0.1% | 61K | -0.2% | |||
| 142 | $SFM | Sprouts Farmers Market, Inc. | Consumer Staples | $3.7M | 0.1% | 56K | +14% | |||
| 143 | $HII | HUNTINGTON INGALLS INDUSTRIES, INC. | Industrials | $3.7M | 0.1% | 14K | +49% | |||
| 144 | $CCZ | COMCAST CORP | Communication Services | $3.7M | 0.1% | 171K | -1% | |||
| 145 | — | Vanguard Morningstar Small-Cap Index ETF - MRNGSTR SML CAP | — | $3.7M | 0.1% | 13K | — | |||
| 146 | $DAL | DELTA AIR LINES, INC. | Industrials | $3.7M | 0.1% | 44K | -1% | |||
| 147 | $PYPL | PayPal Holdings, Inc. | Financials | $3.7M | 0.1% | 70K | -10% | |||
| 148 | $ALB | ALBEMARLE CORP | Materials | $3.6M | 0.1% | 34K | +2% | |||
| 149 | — | Vanguard Morningstar Total Stock Market ETF - MRNGSTR TTL STK | — | $3.6M | 0.1% | 9,564 | +5% | |||
| 150 | $FRT | FEDERAL REALTY INVESTMENT TRUST | Real Estate | $3.3M | 0.1% | 31K | +4% |
What changed in Q3 2026
Against the previous quarter's 13F: 65 new, 748 added to, 288 trimmed, 59 sold out. Share-count changes; largest moves by dollar size first.
New positions (65)
- Dimensional US Equity Market ETF - US EQUI MARK ETF$143K
first bought this quarter
- Dimensional International Value ETF - INTERNATNAL VAL$96K
first bought this quarter
- Dimensional US Targeted Value ETF - US TARGETED VLU$61K
first bought this quarter
- Vanguard Intermediate Term Corporate Bond Fund - INT-TERM CORP$48K
first bought this quarter
- Dimensional US Small Cap ETF - US SMALL CAP ETF$48K
first bought this quarter
- VanEck Vectors Semiconductor ETF - SEMICONDUCTR ETF$46K
first bought this quarter
+59 more in the Excel export
Added to (748)
now $62.0M · held 11+ qtrs
- Vanguard FTSE Developed Markets ETF - VAN FTSE DEV MKT+2%
now $271.0M
$NRCNRC HEALTH+52%
now $10.6M · held 11+ qtrs, 2 adds in a row
- iShares S&P Midcap 400 - CORE S&P MCP ETF+2%
now $142.1M
$PNCPNC FINANCIAL SERVICES GROUP, INC.+2003%
now $2.4M · held 11+ qtrs
now $54.4M · held 11+ qtrs, 3 adds in a row
+742 more in the Excel export
Trimmed (288)
now $50.8M · held 11+ qtrs, 2 trims in a row
now $116.8M · held 11+ qtrs
$TMOTHERMO FISHER SCIENTIFIC INC.-39%
now $1.5M
now $144.3M · held 11+ qtrs
- Vanguard Short-Term Inflation -Protected Securities ETF - STRM INFPROIDX-4%
now $15.9M
$GWWW.W. GRAINGER, INC.-5%
now $9.8M · held 11+ qtrs
+282 more in the Excel export
Sold out (59)
- iShares ESG Aware MSCI USA ETF - ESG AWR MSCI USAwas $124K
- iShares US Telecommunications - US TELECOM ETFwas $91K
- iShares Dow Jones U.S. Industrial Sector Index Fund - US INDUSTRIALSwas $75K
$CHDCHURCH & DWIGHT CO INC /DE/was $73K
- iShares Dow Jones U.S. Energy Sector Index Fd - U.S. ENERGY ETFwas $68K
$EAELECTRONIC ARTS INC.was $33K
+53 more in the Excel export
Holdings by quarter
Every 13F FARMERS & MERCHANTS INVESTMENTS INC has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow FARMERS & MERCHANTS INVESTMENTS?
Q3 2026 13F filed with the SEC on Oct 22, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of FARMERS & MERCHANTS INVESTMENTS's top 20 holdings: 73/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
+0.5%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 4% over the last 4
Top 10 weight
38%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
100%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
FARMERS & MERCHANTS INVESTMENTS INC disclosed 1,767 positions worth $4.2B in its Form 13F-HR for Q3 2026. During the quarter the fund opened 65 new positions and exited 59. The portfolio is most concentrated in Other (31.6% of disclosed assets). All figures are sourced directly from FARMERS & MERCHANTS INVESTMENTS INC’s Form 13F-HR filing with the SEC under CIK 1259969.
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AI-Powered Hedge Fund Analysis: FARMERS & MERCHANTS INVESTMENTS INC
13F Pro is an AI hedge fund tracker and stock research platform. For FARMERS & MERCHANTS INVESTMENTS INC (SEC CIK: 1259969), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in FARMERS & MERCHANTS INVESTMENTS INC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.