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FARMERS & MERCHANTS INVESTMENTS INC
hedge fundUpdated 52 days agoManaged by Farmers & Merchants Investments Inc • Latest filing Q2 2026
Portfolio value
$4.1B
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
16.5%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $2.5B |
| Q2 2023 | $2.7B |
| Q3 2023 | $2.5B |
| Q4 2023 | $2.7B |
| Q1 2024 | $3B |
| Q2 2024 | $3B |
| Q3 2024 | $3.2B |
| Q4 2024 | $3.2B |
| Q1 2025 | $3.1B |
| Q2 2025 | $3.4B |
| Q3 2025 | $3.5B |
| Q4 2025 | $3.6B |
| Q1 2026 | $3.6B |
| Q2 2026 | $4.1B |
Top holdings
1,760 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | E ETHA iShares S&P 500 Index Fund | $292.5M | 390.6K | 7.09% | Added(+0.7%) |
| 2 | V VGES Vanguard FTSE Developed Markets ETF | $267.6M | 3.76M | 6.48% | Added(+2.9%) |
| 3 | E ETHA iShares S&P Small Cap 600 Index ETF | $165.6M | 1.12M | 4.01% | Trimmed(-8.0%) |
| 4 | N NNI Nelnet, Inc. | $157.2M | 1.18M | 3.81% | Trimmed(-0.4%) |
| 5 | E ETHA iShares S&P Midcap 400 | $149.5M | 1.94M | 3.62% | Added(+2.9%) |
| 6 | A AAPL Apple Inc | $129.4M | 447.3K | 3.14% | Added(+1.6%) |
| 7 | A AMD Advanced Micro Devices Inc | $112.4M | 193.5K | 2.72% | Trimmed(-0.4%) |
| 8 | M MSFT Microsoft Corp | $105.4M | 282.6K | 2.55% | Added(+3.5%) |
| 9 | V VGES Vanguard FTSE Emerging Markets ETF | $79.2M | 1.33M | 1.92% | Trimmed(-7.0%) |
| 10 | A AVGO Broadcom Inc | $77.6M | 205.3K | 1.88% | Trimmed(-3.6%) |
| 11 | G GOOGN Alphabet Inc Class A | $65.7M | 183.7K | 1.59% | Added(+1.2%) |
| 12 | A APH Amphenol Corp Cl A | $65.1M | 369.2K | 1.58% | Added(+1.2%) |
| 13 | W WCC Wesco International Inc | $60.1M | 174.1K | 1.46% | Trimmed(-0.9%) |
| 14 | V VGES Vanguard Total Bond Market ETF | $59.7M | 813.3K | 1.45% | Added(+0.6%) |
| 15 | B BRK-A Berkshire Hathaway Inc Del Cl B New | $57.1M | 114.2K | 1.38% | Added(+2.3%) |
| 16 | G GOOGN Alphabet Inc Class C | $54M | 152.9K | 1.31% | Added(+3.3%) |
| 17 | L LLY Eli Lilly & Co | $53.3M | 44.4K | 1.29% | Trimmed(-1.4%) |
| 18 | J JPM-PM JPMorgan Chase & Co. | $50.4M | 154.0K | 1.22% | Added(+1.0%) |
| 19 | ? N/A iShares 0-5 Yr Inv Grd Corp Bond ETF | $49.5M | 982.4K | 1.20% | Added(+1.2%) |
| 20 | W WMT Walmart, Inc | $45.9M | 405.1K | 1.11% | Trimmed(-3.2%) |