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Farmers & Merchants Investments INC

Diversified strategyMomentum followerLong-term holder

Total reported value

$3.6B

Reporting period: 2026-03-31 · Number of holdings: 1760

FARMERS & MERCHANTS INVESTMENTS INC disclosed 1760 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.6B and a quarterly turnover rate of 9.1%.

Personality snowflake

Concentration
8.21
Portfolio Stability
9.1
Momentum/Contrarian
100
Sector conviction
54.61
Diversification
100
Sizing Uniformity
40.73

Recent moves

  • Trim MSFT

    +4.0%　-$25.9M

  • Add XOM

    +0.7%　$13.4M

  • Add VEA

    +2.8%　$12.1M

  • Trim ORCL

    +2.3%　-$9.1M

  • Add IJR

    +2.6%　$8.7M

  • Trim AVGO

    -0.5%　-$8.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1IVVIshares Core S&p 500 ETFETF-Large Cap & Growth6.99%-0.21%+2.00%
2VEAVanguard Ftse Developed ETFETF-Other6.45%+0.32%+2.82%
3NNINelnet Inc-cl AStock-Other4.21%-0.14%—
4IJRIshares Core S&p Small-cap EETF-Small Cap4.16%+0.23%+2.62%
5IJHIshares Core S&p Midcap ETFETF-Other3.51%+0.17%+2.90%
6AAPLApple INCStock-Tech3.08%-0.14%+2.82%
7MSFTMicrosoft CORPStock-Tech2.79%-0.72%+3.97%
8VWOVanguard Ftse Emerging MarkeETF-Emerging Markets2.13%—-0.51%
9AVGOBroadcom INCStock-Tech1.82%-0.23%-0.50%
10BNDVanguard Total Bond MarketETF-Other1.64%—+2.62%
11BRK-BBerkshire Hathaway Inc-cl BStock-Other1.47%—+8.45%
12GOOGLAlphabet Inc-cl AStock-Comm Services1.44%-0.11%+1.10%
13WMTWalmart INCStock-Consumer Staples1.44%+0.12%-2.70%
14SLQDIshares 0-5 Yr Inv Grd CORPETF-Other1.35%—+0.28%
15WCCWesco International INCStock-Industrials1.33%+0.12%-1.75%
16APHAmphenol Corp-cl AStock-Tech1.27%-0.06%+2.61%
17XOMExxon Mobil CORPStock-Energy1.25%+0.37%+0.69%
18JPMJpmorgan Chase & CoStock-Financials1.24%-0.10%+1.52%
19GOOGAlphabet Inc-cl CStock-Comm Services1.17%-0.07%+3.19%
20LLYEli Lilly & CoStock-Healthcare1.14%-0.18%+1.63%
21AMDAdvanced Micro DevicesStock-Tech1.09%—+1.66%
22JNJJohnson & JohnsonStock-Healthcare1.06%+0.17%+0.49%
23AMZNAmazon.com INCStock-Consumer Disc0.93%—+7.04%
24NVDANvidia CORPStock-Tech0.89%—+3.85%
25TSMTaiwan Semiconductor-sp AdrStock-Tech0.87%+0.10%+1.85%
26ORCLOracle CORPStock-Tech0.85%-0.25%+2.35%
27LOWLowe's Cos INCStock-Consumer Disc0.83%—+0.77%
28GSGoldman Sachs Group INCStock-Financials0.76%—+1.45%
29BRK-ABerkshire Hathaway Inc-cl AStock-Other0.75%——
30PEPPepsico INCStock-Consumer Staples0.73%+0.08%+2.77%
31EMREmerson Electric CoStock-Industrials0.66%—+0.94%
32CSCOCisco Systems INCStock-Tech0.65%—+1.01%
33CVXChevron CORPStock-Energy0.63%+0.17%+0.63%
34RTXRtx CORPStock-Industrials0.61%—-0.48%
35VOOVanguard S&p 500 ETFETF-Large Cap & Growth0.60%—-0.30%
36VCSHVanguard S/t CORP Bond ETFETF-Corp Bonds0.60%+0.07%+13.99%
37MCDMcdonald's CORPStock-Consumer Disc0.58%—+0.72%
38VVisa Inc-class A SharesStock-Financials0.57%-0.08%+1.83%
39APDAir Products & Chemicals INCStock-Materials0.56%+0.08%+0.35%
40TXNTexas Instruments INCStock-Tech0.55%+0.06%+1.77%
41UNPUnion Pacific CORPStock-Industrials0.55%—+2.96%
42BACBank Of America CORPStock-Financials0.55%—+4.34%
43PGProcter & Gamble Co/theStock-Consumer Staples0.54%—+1.02%
44CVSCvs Health CORPStock-Healthcare0.52%—+2.22%
45ABTAbbott LaboratoriesStock-Healthcare0.50%-0.10%+2.92%
46CATCaterpillar INCStock-Industrials0.50%+0.10%+2.23%
47IWMIshares Russell 2000 ETFETF-Small Cap0.49%—-0.32%
48ABBVAbbvie INCStock-Healthcare0.49%—+1.74%
49VTIPVanguard Short-term TipsETF-Other0.48%—+8.58%
50COSTCostco Wholesale CORPStock-Consumer Staples0.48%+0.06%-0.12%
1–50 of 1,760

Holding changes this quarter

Farmers & Merchants Investments INC's most significant position changes for 2026-03-31: Add: Microsoft CORP (MSFT) — shares +3.97%; Add: Exxon Mobil CORP (XOM) — shares +0.69%; Add: Vanguard Ftse Developed ETF (VEA) — shares +2.82%; Add: Oracle CORP (ORCL) — shares +2.35%; Add: Ishares Core S&p Small-cap E (IJR) — shares +2.62%.

Position changes disclosed by Farmers & Merchants Investments INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1XOMExxon Mobil CORP+0.4%+0.69%Add
2VEAVanguard Ftse Developed ETF+0.3%+2.82%Add
3IJRIshares Core S&p Small-cap E+0.2%+2.62%Add
4IJHIshares Core S&p Midcap ETF+0.2%+2.90%Add
5CVXChevron CORP+0.2%+0.63%Add
6JNJJohnson & Johnson+0.2%+0.49%Add
7OXYOccidental Petroleum CORP+0.2%+1.45%Add
8WCCWesco International INC+0.1%-1.75%Trim
9WMTWalmart INC+0.1%-2.70%Trim
10CATCaterpillar INC+0.1%+2.23%Add
11COPConocophillips+0.1%-0.26%Trim
12DELLDell Technologies -c+0.1%-0.50%Trim
13TSMTaiwan Semiconductor-sp Adr+0.1%+1.85%Add
14ASMLASML Holding N.V.+0.1%+3.66%Add
15APDAir Products & Chemicals INC+0.1%+0.35%Add
16ROSTRoss Stores INC+0.1%-1.06%Trim
17PEPPepsico INC+0.1%+2.77%Add
18VZVerizon Communications INC+0.1%+1.93%Add
19VCSHVanguard S/t CORP Bond ETF+0.1%+13.99%Add
20TXNTexas Instruments INC+0.1%+1.77%Add
21COSTCostco Wholesale CORP+0.1%-0.12%Trim
22LINLinde plc+0.1%-0.19%Trim
23ENBEnbridge INC+0.1%+2.51%Add
24MRKMerck & Co. INC.+0.1%+1.45%Add
25MBBIshares Mbs ETF+0.1%+16.16%Add
26PSXPhillips 66+0.1%-0.56%Trim
27FDXFedex CORP+0.1%+0.11%Add
28PANWPalo Alto Networks INC-0.1%+2.49%Add
29NKENike INC -cl B-0.1%+3.93%Add
30DISWalt Disney Co/the-0.1%+2.19%Add
31APHAmphenol Corp-cl A-0.1%+2.61%Add
32WFCWells Fargo & Co-0.1%-4.30%Trim
33ADPAutomatic Data Processing-0.1%-0.99%Trim
34GOOGAlphabet Inc-cl C-0.1%+3.19%Add
35QCOMQualcomm INC-0.1%-1.94%Trim
36VVisa Inc-class A Shares-0.1%+1.83%Add
37ROPRoper Technologies INC-0.1%+3.32%Add
38UNHUnitedhealth Group INC-0.1%+1.60%Add
39JPMJpmorgan Chase & Co-0.1%+1.52%Add
40ABTAbbott Laboratories-0.1%+2.92%Add
41GOOGLAlphabet Inc-cl A-0.1%+1.10%Add
42COFCapital One Financial CORP-0.1%+1.73%Add
43NNINelnet Inc-cl A-0.1%—Unchanged
44AAPLApple INC-0.1%+2.82%Add
45ICLRICON Public Limited Company-0.2%+3.04%Add
46LLYEli Lilly & Co-0.2%+1.63%Add
47IVVIshares Core S&p 500 ETF-0.2%+2.00%Add
48AVGOBroadcom INC-0.2%-0.50%Trim
49ORCLOracle CORP-0.3%+2.35%Add
50MSFTMicrosoft CORP-0.7%+3.97%Add

FAQ

What is Farmers & Merchants Investments INC and what type of investor is it?
Farmers & Merchants Investments INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.6B, spread across 1760 disclosed positions.
What are Farmers & Merchants Investments INC's largest equity positions?
Based on the latest 13F filing, Farmers & Merchants Investments INC's top holdings by market value are: 1. Ishares Core S&p 500 ETF (IVV) — $253.3M (7.0%) 2. Vanguard Ftse Developed ETF (VEA) — $233.9M (6.5%) 3. Nelnet Inc-cl A (NNI) — $152.7M (4.2%) 4. Ishares Core S&p Small-cap E (IJR) — $150.9M (4.2%) 5. Ishares Core S&p Midcap ETF (IJH) — $127.3M (3.5%)
What changes did Farmers & Merchants Investments INC make in its most recent portfolio filing?
In the latest reported quarter, Farmers & Merchants Investments INC made 49 notable position adjustments: 0 new positions were initiated, 37 existing holdings were added to, 12 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Microsoft CORP (MSFT) — shares +3.97%; Add: Exxon Mobil CORP (XOM) — shares +0.69%; Add: Vanguard Ftse Developed ETF (VEA) — shares +2.82%; Add: Oracle CORP (ORCL) — shares +2.35%; Add: Ishares Core S&p Small-cap E (IJR) — shares +2.62%
What sectors does Farmers & Merchants Investments INC focus on?
Farmers & Merchants Investments INC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 33.8% • Financials: 13.9% • Health Care: 13.0% • Communication Services: 9.5% • Consumer Discretionary: 8.5% • Consumer Staples: 8.2%