FARMERS & MERCHANTS INVESTMENTS INC Q4 2025 Filing
Filed February 3, 2026
Portfolio Value
$3.6B
Holdings
1,721
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (1,721 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IVViShares S&P 500 Index Fund | 380,174 | $260.4M | 7.20% | |
| 2 | VEAVanguard FTSE Developed Markets ETF | 3,549,570 | $221.7M | 6.13% | |
| 3 | NIJNelnet, Inc. | 1,184,351 | $157.5M | 4.35% | |
| 4 | IJRiShares S&P Small Cap 600 Index ETF | 1,182,618 | $142.1M | 3.93% | |
| 5 | MSFTMicrosoft Corp | 262,746 | $127.1M | 3.51% | |
| 6 | IJHiShares S&P Midcap 400 | 1,832,117 | $120.9M | 3.34% | |
| 7 | AAPLApple Inc | 428,221 | $116.4M | 3.22% | |
| 8 | VWOVanguard FTSE Emerging Markets ETF | 1,434,195 | $77.1M | 2.13% | |
| 9 | AVGOBroadcom Inc | 214,094 | $74.1M | 2.05% | |
| 10 | BNDVanguard Total Bond Market ETF | 787,867 | $58.4M | 1.61% | |
| 11 | GOOGLAlphabet Inc Class A | 179,643 | $56.2M | 1.55% | |
| 12 | BRK/BBerkshire Hathaway Inc Del Cl B New | 102,852 | $51.7M | 1.43% | |
| 13 | SLQDiShares 0-5 Yr Inv Grd Corp Bond ETF | 968,322 | $49.1M | 1.36% | |
| 14 | JPMJPMorgan Chase & Co. | 150,152 | $48.4M | 1.34% | |
| 15 | APHAmphenol Corp Cl A | 355,685 | $48.1M | 1.33% | |
| 16 | WMTWalmart, Inc | 430,084 | $47.9M | 1.32% | |
| 17 | LLYEli Lilly & Co | 44,287 | $47.6M | 1.32% | |
| 18 | GOOGAlphabet Inc Class C | 143,502 | $45.0M | 1.24% | |
| 19 | WCCWesco International Inc | 178,723 | $43.7M | 1.21% | |
| 20 | AMDAdvanced Micro Devices Inc | 191,121 | $40.9M | 1.13% | |
| 21 | ORCLOracle Corp | 204,543 | $39.9M | 1.10% | |
| 22 | AMZNAmazon.com, Inc. | 151,881 | $35.1M | 0.97% | |
| 23 | NVDANVIDIA Corporation | 178,466 | $33.3M | 0.92% | |
| 24 | JNJJohnson & Johnson | 156,431 | $32.4M | 0.89% | |
| 25 | XOMExxon Mobil Corp | 265,450 | $31.9M | 0.88% | |
| 26 | LOWLowe's Companies, Inc | 125,618 | $30.3M | 0.84% | |
| 27 | BRK-BBerkshire Hathaway Inc Del Cl A | 38 | $28.7M | 0.79% | |
| 28 | GSGoldman Sachs Group Inc. | 31,920 | $28.1M | 0.78% | |
| 29 | TSMTaiwan Semiconductor Manufacturing Company Ltd. | 91,680 | $27.9M | 0.77% | |
| 30 | EMREmerson Electric Co | 181,856 | $24.1M | 0.67% | |
| 31 | PEPPepsiCo Inc | 164,843 | $23.7M | 0.65% | |
| 32 | VVisa Inc. | 66,872 | $23.5M | 0.65% | |
| 33 | CSCOCisco Systems Inc | 302,120 | $23.3M | 0.64% | |
| 34 | VOOVanguard S&P 500 ETF | 36,368 | $22.8M | 0.63% | |
| 35 | ABTAbbott Laboratories | 172,482 | $21.6M | 0.60% | |
| 36 | BACBank of America Corp | 390,379 | $21.5M | 0.59% | |
| 37 | RTXRTX Corp | 115,429 | $21.2M | 0.58% | |
| 38 | COFCapital One Financial Corp | 84,711 | $20.5M | 0.57% | |
| 39 | MCDMcDonald's Corp | 66,766 | $20.4M | 0.56% | |
| 40 | UNHUnitedHealth Group Inc | 61,587 | $20.3M | 0.56% | |
| 41 | CVSCVS Health Corporation | 254,994 | $20.2M | 0.56% | |
| 42 | PGProcter & Gamble Co | 133,984 | $19.2M | 0.53% | |
| 43 | VCSHVanguard S/T Corp Bond ETF | 238,760 | $19.0M | 0.53% | |
| 44 | UNPUnion Pacific Corp | 79,928 | $18.5M | 0.51% | |
| 45 | ABBVAbbvie Inc | 80,766 | $18.5M | 0.51% | |
| 46 | IWMiShares Russell 2000 Index Fund | 72,416 | $17.8M | 0.49% | |
| 47 | TXNTexas Instruments Inc | 101,689 | $17.6M | 0.49% | |
| 48 | APDAir Products & Chemicals Inc | 69,988 | $17.3M | 0.48% | |
| 49 | PANWPalo Alto Networks, Inc. | 92,978 | $17.1M | 0.47% | |
| 50 | CVXChevron Corp | 109,020 | $16.6M | 0.46% | |
| 51 | DOVDover Corp | 84,078 | $16.4M | 0.45% | |
| 52 | DISWalt Disney Company | 143,238 | $16.3M | 0.45% | |
| 53 | VTIPVanguard Short-Term Inflation -Protected Securities ETF | 321,170 | $15.9M | 0.44% | |
| 54 | ROPRoper Technologies Inc | 34,931 | $15.5M | 0.43% | |
| 55 | METMetlife Inc | 194,933 | $15.4M | 0.43% | |
| 56 | A4SAmeriprise Financial Inc | 31,242 | $15.3M | 0.42% | |
| 57 | COSTCostco Wholesale Corp | 17,484 | $15.1M | 0.42% | |
| 58 | USBUS Bancorp | 282,217 | $15.1M | 0.42% | |
| 59 | WMWaste Management Inc | 68,416 | $15.0M | 0.42% | |
| 60 | BLKBlackrock Inc | 14,042 | $15.0M | 0.42% | |
| 61 | CRMSalesforce Inc | 56,630 | $15.0M | 0.41% | |
| 62 | ICLRICON PLC | 80,575 | $14.7M | 0.41% | |
| 63 | WFCWells Fargo | 156,911 | $14.6M | 0.40% | |
| 64 | CATCaterpillar Inc | 25,136 | $14.4M | 0.40% | |
| 65 | IVWiShares S&P 500 Growth Index Fund | 115,390 | $14.2M | 0.39% | |
| 66 | ROSTRoss Stores Inc | 78,712 | $14.2M | 0.39% | |
| 67 | SYKStryker Corp | 40,325 | $14.2M | 0.39% | |
| 68 | AFLAflac Inc common | 124,559 | $13.7M | 0.38% | |
| 69 | LINNew Linde PLC | 31,547 | $13.5M | 0.37% | |
| 70 | ENBEnbridge Inc | 280,005 | $13.4M | 0.37% | |
| 71 | GNMAiShares GNMA Bond ETF | 299,939 | $13.4M | 0.37% | |
| 72 | SYYSysco Corp | 178,006 | $13.1M | 0.36% | |
| 73 | HYGiShares iBoxx H/Y Corp Bond Fund ETF | 162,343 | $13.1M | 0.36% | |
| 74 | MDTMedtronic PLC | 135,856 | $13.1M | 0.36% | |
| 75 | BSVVanguard Short-Term Bond ETF | 163,786 | $12.9M | 0.36% | |
| 76 | TJXTJX Companies Inc | 83,899 | $12.9M | 0.36% | |
| 77 | IWPiShares Russell Mid-Cap Growth ETF | 93,501 | $12.8M | 0.35% | |
| 78 | ASMLASML Holding | 11,920 | $12.8M | 0.35% | |
| 79 | NKENike Inc Cl B | 199,229 | $12.7M | 0.35% | |
| 80 | DELLDell Technologies Inc Cl C | 100,395 | $12.6M | 0.35% | |
| 81 | METAMeta Platforms Inc | 18,577 | $12.3M | 0.34% | |
| 82 | MRKMerck & Co., Inc | 116,482 | $12.3M | 0.34% | |
| 83 | NUENucor Corp | 74,725 | $12.2M | 0.34% | |
| 84 | ADPAutomatic Data Processing | 46,598 | $12.0M | 0.33% | |
| 85 | MBBiShares Barclays MBS Bond Fund ETF | 125,469 | $11.9M | 0.33% | |
| 86 | SBUXStarbucks Corp | 140,742 | $11.9M | 0.33% | |
| 87 | QCOMQualcomm Inc | 67,821 | $11.6M | 0.32% | |
| 88 | BACVerizon Communications | 272,390 | $11.1M | 0.31% | |
| 89 | EWEdwards Lifesciences Corp | 125,707 | $10.7M | 0.30% | |
| 90 | HDHome Depot Inc | 30,996 | $10.7M | 0.29% | |
| 91 | ITTITT Inc. | 56,455 | $9.8M | 0.27% | |
| 92 | HONHoneywell Intl Inc | 50,162 | $9.8M | 0.27% | |
| 93 | MDLZMondelez International Inc - A | 175,097 | $9.4M | 0.26% | |
| 94 | OXYOccidental Petroleum Corp | 228,305 | $9.4M | 0.26% | |
| 95 | COPConocoPhillips | 99,698 | $9.3M | 0.26% | |
| 96 | ITWIllinois Tool Works Inc | 37,029 | $9.1M | 0.25% | |
| 97 | NEENextEra Energy Inc. | 112,722 | $9.0M | 0.25% | |
| 98 | GWWW W Grainger Inc | 8,674 | $8.8M | 0.24% | |
| 99 | SPYStandard and Poor's Depositary Receipts 500 ETF Trust | 12,536 | $8.5M | 0.24% | |
| 100 | PYPLPaypal Holdings Inc | 145,547 | $8.5M | 0.23% |
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