FARMERS & MERCHANTS INVESTMENTS INC

hedge fundUpdated 14 days ago

Managed by Farmers & Merchants Investments Inc • Latest filing Q3 2026

Portfolio value

$4.2B

Q3 2026

Filings

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

20.4%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 4 quarters

Show data table

Period	Portfolio value
Q4 2025	$3.6B
Q1 2026	$3.6B
Q2 2026	$4.1B
Q3 2026	$4.2B

Top holdings

1,767 positions as of Q3 2026

View filing

#	Stock	Value	Shares	% Portfolio	Change
1	E ETHA History → iShares S&P 500 Index Fund	$300.5M	392.4K	7.23%	Added(+0.5%)
2	V VGES History → Vanguard FTSE Developed Markets ETF	$271M	3.84M	6.52%	Added(+2.2%)
3	E ETHA History → iShares S&P Small Cap 600 Index ETF	$152.4M	1.12M	3.66%	Added(+0.3%)
4	A AAPL History → Apple Inc	$149M	447.5K	3.58%	Added(+0.1%)
5	M MSFT History → Microsoft Corp	$146.5M	285.6K	3.52%	Added(+1.1%)
6	N NNI History → Nelnet, Inc.	$144.3M	1.17M	3.47%	Trimmed(-0.6%)
7	E ETHA History → iShares S&P Midcap 400	$142.1M	1.97M	3.42%	Added(+1.8%)
8	A AMD History → Advanced Micro Devices Inc	$116.8M	190.9K	2.81%	Trimmed(-1.3%)
9	V VGES History → Vanguard FTSE Emerging Markets ETF	$79.3M	1.34M	1.91%	Added(+0.7%)
10	A AVGO History → Broadcom Inc	$73.4M	209.0K	1.76%	Added(+1.8%)
11	G GOOGN History → Alphabet Inc Class A	$63.8M	185.5K	1.53%	Added(+1.0%)
12	W WCC History → Wesco International Inc	$63M	175.2K	1.51%	Added(+0.7%)
13	A APH History → Amphenol Corp Cl A	$62M	735.8K	1.49%	Added(+99.3%)
14	V VGES History → Vanguard Total Bond Market ETF	$58M	826.7K	1.39%	Added(+1.6%)
15	B BRK-A History → Berkshire Hathaway Inc Del Cl B New	$56.8M	114.1K	1.37%	Trimmed(-0.1%)
16	G GOOGN History → Alphabet Inc Class C	$54.4M	159.5K	1.31%	Added(+4.3%)
17	J JPM-PM History → JPMorgan Chase & Co.	$51.1M	154.6K	1.23%	Added(+0.4%)
18	L LLY History → Eli Lilly & Co	$51M	44.1K	1.23%	Trimmed(-0.7%)
19	D DELL History → Dell Technologies Inc Cl C	$50.8M	94.5K	1.22%	Trimmed(-4.0%)
20	? N/A iShares 0-5 Yr Inv Grd Corp Bond ETF	$50.3M	1.02M	1.21%	Added(+3.4%)

1.ETHA History →

iShares S&P 500 Index Fund

+0.5%

Value

$300.5M

392.4K

% Port

7.23%

2.VGES History →

Vanguard FTSE Developed Markets ETF

+2.2%

Value

$271M

3.84M

% Port

6.52%

3.ETHA History →

iShares S&P Small Cap 600 Index ETF

+0.3%

Value

$152.4M

1.12M

% Port

3.66%

4.AAPL History →

Apple Inc

+0.1%

Value

$149M

447.5K

% Port

3.58%

5.MSFT History →

Microsoft Corp

+1.1%

Value

$146.5M

285.6K

% Port

3.52%

6.NNI History →

Nelnet, Inc.

-0.6%

Value

$144.3M

1.17M

% Port

3.47%

7.ETHA History →

iShares S&P Midcap 400

+1.8%

Value

$142.1M

1.97M

% Port

3.42%

8.AMD History →

Advanced Micro Devices Inc

-1.3%

Value

$116.8M

190.9K

% Port

2.81%

9.VGES History →

Vanguard FTSE Emerging Markets ETF

+0.7%

Value

$79.3M

1.34M

% Port

1.91%

10.AVGO History →

Broadcom Inc

+1.8%

Value

$73.4M

209.0K

% Port

1.76%

11.GOOGN History →

Alphabet Inc Class A

+1.0%

Value

$63.8M

185.5K

% Port

1.53%

12.WCC History →

Wesco International Inc

+0.7%

Value

$63M

175.2K

% Port

1.51%

13.APH History →

Amphenol Corp Cl A

+99.3%

Value

$62M

735.8K

% Port

1.49%

14.VGES History →

Vanguard Total Bond Market ETF

+1.6%

Value

$58M

826.7K

% Port

1.39%

15.BRK-A History →

Berkshire Hathaway Inc Del Cl B New

-0.1%

Value

$56.8M

114.1K

% Port

1.37%

16.GOOGN History →

Alphabet Inc Class C

+4.3%

Value

$54.4M

159.5K

% Port

1.31%

17.JPM-PM History →

JPMorgan Chase & Co.

+0.4%

Value

$51.1M

154.6K

% Port

1.23%

18.LLY History →

Eli Lilly & Co

-0.7%

Value

$51M

44.1K

% Port

1.23%

19.DELL History →

Dell Technologies Inc Cl C

-4.0%

Value

$50.8M

94.5K

% Port

1.22%

20.N/A

iShares 0-5 Yr Inv Grd Corp Bond ETF

+3.4%

Value

$50.3M

1.02M

% Port

1.21%

View full portfolio (1,767 holdings) →

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