FARMERS & MERCHANTS INVESTMENTS INC Q1 2025 Filing

Filed April 16, 2025

Portfolio Value

$3.1T

Holdings

1,747

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (1,747 positions)

#StockSharesValue% PortfolioType
101
ITTITT Inc.
63,177$8.2B0.26%
102
AMGNAmgen Inc
26,058$8.1B0.26%
103
DUKDuke Energy Corporation
66,393$8.1B0.26%
104
KOCoca-Cola Co
112,826$8.1B0.26%
105
DHRDanaher Corp
38,549$7.9B0.25%
106
IBMInternational Business Machines Corp
30,282$7.5B0.24%
107
UBERUber Technologies Inc
103,040$7.5B0.24%
108
SPYStandard and Poor's Depositary Receipts 500 ETF Trust
12,843$7.2B0.23%
109
ORealty Income Corp
123,524$7.2B0.23%
110
AEPAmerican Elec Pwr Inc
65,465$7.2B0.23%
111
AGGiShares Barclays Aggregate Bond Fund
71,321$7.1B0.22%
112
FQIDigital Realty Trust Inc.
48,811$7.0B0.22%
113
KMBKimberly Clark Corp
45,436$6.5B0.21%
114
FDXFedEx Corp
26,155$6.4B0.20%
115
TRVCCitigroup Inc
88,295$6.3B0.20%
116
AMEAMETEK Inc
35,856$6.2B0.20%
117
DYHTarget Corp
56,027$5.8B0.19%
118
DALDelta Air Lines Inc
132,312$5.8B0.18%
119
SLBSchlumberger Ltd
134,626$5.6B0.18%
120
IWSiShares Russell Midcap Value Index Fund
43,761$5.5B0.18%
121
NFLXNetflix Inc.
5,633$5.3B0.17%
122
VGKVanguard MSCI European ETF
74,758$5.2B0.17%
123
ZTSZoetis Inc
30,763$5.1B0.16%
124
BDXBecton Dickinson and Co
21,989$5.0B0.16%
125
JCIJohnson Controls International
62,157$5.0B0.16%
126
PFEPfizer Inc
195,453$5.0B0.16%
127
GPCGenuine Parts
39,909$4.8B0.15%
128
PSXPhillips 66
37,469$4.6B0.15%
129
NVSNNovartis AG - ADR
40,541$4.5B0.14%
130
IWOiShares Russell 2000 Growth Index Fd
17,481$4.5B0.14%
131
AZOAutozone Inc
1,126$4.3B0.14%
132
OTISOtis Worldwide Corp
41,484$4.3B0.14%
133
GISGeneral Mills, Inc.
71,358$4.3B0.14%
134
ECLEcolab Inc
16,602$4.2B0.13%
135
BMYBristol Myers Squibb Co
67,384$4.1B0.13%
136
FTSFortis Inc
87,289$4.0B0.13%
137
VIGVanguard Dividend Appreciation Index ETF
19,688$3.8B0.12%
138
ROKRockwell Automation Inc.
14,753$3.8B0.12%
139
IWRiShares Russell Midcap Index Fund
43,563$3.7B0.12%
140
TSLATesla Inc
14,237$3.7B0.12%
141
EFAiShares MSCI EAFE Index Fund
44,248$3.6B0.11%
142
MAMastercard Inc - Class A
6,428$3.5B0.11%
143
VNQVanguard Real Estate Index ETF
38,853$3.5B0.11%
144
VBVanguard Small-Cap Index ETF
15,359$3.4B0.11%
145
WECWEC Energy Group Inc
31,018$3.4B0.11%
146
CLColgate Palmolive Co
33,903$3.2B0.10%
147
KHCKraft Heinz Co
100,258$3.1B0.10%
148
BKHBlack Hills Corp
50,024$3.0B0.10%
149
FTVFortive Corp
40,970$3.0B0.10%
150
UPSUnited Parcel Service - Cl B
27,189$3.0B0.09%
151
ATDATI Inc
54,822$2.9B0.09%
152
LIILennox International Inc.
5,017$2.8B0.09%
153
NSCNorfolk Southern
11,698$2.8B0.09%
154
TROWT. Rowe Price Group Inc
30,089$2.8B0.09%
155
ALBAlbemarle Corp
38,024$2.7B0.09%
156
EVRGEvergy Inc
37,592$2.6B0.08%
157
VTIVanguard Total Stock Market ETF
9,352$2.6B0.08%
158
MMM3M Company
16,848$2.5B0.08%
159
VOVanguard Mid-Cap Index ETF
9,134$2.4B0.08%
160
PPGPPG Inds Inc
20,694$2.3B0.07%
161
INGRIngredion Inc
16,669$2.3B0.07%
162
TAT&T Inc
77,643$2.2B0.07%
163
DOWDow Inc
62,322$2.2B0.07%
164
ITOTiShares Core S&P Total US Stock Market ETF
16,975$2.1B0.07%
165
TMOThermo Fisher Scientific
4,096$2.0B0.06%
166
HIIHuntington Ingalls Industries
9,519$1.9B0.06%
167
IJKiShares S&P MidCap 400/Barra Growth Index Fund
22,792$1.9B0.06%
168
BAThe Boeing Co
10,498$1.8B0.06%
169
IWNiShares Russell 2000 Value Index Fund
11,858$1.8B0.06%
170
KVUEKenvue Inc
73,910$1.8B0.06%
171
VBRVanguard Small-Cap Value Index ETF
9,503$1.8B0.06%
172
EEMiShares MSCI Emerging Mkts Index Fd
38,049$1.7B0.05%
173
INTCIntel Corp
68,604$1.6B0.05%
174
YUMYum! Brands Inc
9,739$1.5B0.05%
175
IVEiShares S&P 500 Value Index Fund
8,041$1.5B0.05%
176
LRCXLam Research Corp
19,900$1.4B0.05%
177
4I1Philip Morris International Inc
9,000$1.4B0.05%
178
CSXCSX Corp
48,535$1.4B0.05%
179
IJJiShares S&P Midcap 400/Barra Value Index Fund
11,638$1.4B0.04%
180
QUALIShares Edge MSCI USA Quality Factor ETF
8,034$1.4B0.04%
181
METAMeta Platforms Inc
2,379$1.4B0.04%
182
IWDiShares Russell 1000 Value Fund
7,255$1.4B0.04%
183
TMUST-Mobile US, Inc.
5,100$1.4B0.04%
184
GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF
12,259$1.3B0.04%
185
SOSouthern Co
14,045$1.3B0.04%
186
CARRCarrier Global Corp
20,234$1.3B0.04%
187
GEGE Aerospace
6,273$1.3B0.04%
188
SAFESafehold Inc REIT
65,616$1.2B0.04%
189
WELLWelltower Inc
6,993$1.1B0.03%
190
ETNEaton Corp PLC
3,931$1.1B0.03%
191
GQ9Spdr Gold Trust
3,662$1.1B0.03%
192
SCHDSchwab US Dividend Equity ETF
35,586$995.0M0.03%
193
GILDGilead Sciences Inc
8,861$992.9M0.03%
194
ZBHZimmer Biomet Holdings Inc
8,755$990.9M0.03%
195
VUGVanguard Growth ETF
2,631$975.6M0.03%
196
PRFInvesco RAFI US 1000 ETF
24,066$972.5M0.03%
197
IWFiShares Russell 1000 Growth Index Fund
2,609$942.1M0.03%
198
WMBThe Williams Companies, Inc.
15,639$934.6M0.03%
199
GDGeneral Dynamics Corp
3,422$932.8M0.03%
200
PAYXPaychex Inc
5,910$911.8M0.03%
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