FARMERS & MERCHANTS INVESTMENTS INC

Filed: 1/28/2025ACC: 0001140361-25-002163

📋 What this filing means

FARMERS & MERCHANTS INVESTMENTS INC filed this quarterly 13F‑HR report disclosing 1774 equity positions with a total reported market value of $3.19B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

1774

Positions

$3.19B

Total AUM (reported)

28.66M

Total Shares

Allocation by class

COM$1.68B52.6%

CL A$236.22M7.4%

CORE S&P500 ETF$223.88M7.0%

VAN FTSE DEV MKT$143.79M4.5%

CORE S&P SCP ETF$115.37M3.6%

CORE S&P MCP ETF$95.60M3.0%

FTSE EMR MKT ETF$68.64M2.2%

Portfolio Concentration

Top 3$494.51M15.5%

4–10$620.36M19.4%

11–25$536.14M16.8%

Rest$1.54B48.3%

Top 3 weight

15.5%

Top 10 weight

34.9%

Voting Authority Distribution

Total shares with voting rights: 28.66M

Sole

Full voting authority

28.66M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole1774

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings1774

Rows:

iShares S&P 500 Index Fund

SOLE

CORE S&P500 ETF

Shares380.31K

TypeSH

Market value$223.88M

7.02%

Sole

380.31K

Shared

0.00

None

0.00

Vanguard FTSE Developed Markets ETF

SOLE

VAN FTSE DEV MKT

Shares3.01M

TypeSH

Market value$143.79M

4.51%

Sole

3.01M

Shared

0.00

None

0.00

Nelnet, Inc.

SOLE

CL A

Shares1.19M

TypeSH

Market value$126.84M

3.98%

Sole

1.19M

Shared

0.00

None

0.00

Microsoft Corp

SOLE

COM

Shares275.79K

TypeSH

Market value$116.24M

3.64%

Sole

275.79K

Shared

0.00

None

0.00

iShares S&P Small Cap 600 Index ETF

SOLE

CORE S&P SCP ETF

Shares1M

TypeSH

Market value$115.37M

3.62%

Sole

Shared

0.00

None

0.00

Apple Inc

SOLE

COM

Shares456.97K

TypeSH

Market value$114.43M

3.59%

Sole

456.97K

Shared

0.00

None

0.00

iShares S&P Midcap 400

SOLE

CORE S&P MCP ETF

Shares1.53M

TypeSH

Market value$95.60M

3.00%

Sole

1.53M

Shared

0.00

None

0.00

Vanguard FTSE Emerging Markets ETF

SOLE

FTSE EMR MKT ETF

Shares1.56M

TypeSH

Market value$68.64M

2.15%

Sole

1.56M

Shared

0.00

None

0.00

Broadcom Inc

SOLE

COM

Shares243.63K

TypeSH

Market value$56.48M

1.77%

Sole

243.63K

Shared

0.00

None

0.00

Vanguard Total Bond Market ETF

SOLE

TOTAL BND MRKT

Shares745.17K

TypeSH

Market value$53.59M

1.68%

Sole

745.17K

Shared

0.00

None

0.00

iShares 0-5 Yr Inv Grd Corp Bond ETF

SOLE

0-5YR INVT GR CP

Shares1.05M

TypeSH

Market value$52.18M

1.64%

Sole

1.05M

Shared

0.00

None

0.00

Berkshire Hathaway Inc Del Cl B New

SOLE

CL B NEW

Shares100.92K

TypeSH

Market value$45.74M

1.43%

Sole

100.92K

Shared

0.00

None

0.00

Walmart, Inc

SOLE

COM

Shares475.32K

TypeSH

Market value$42.95M

1.35%

Sole

475.32K

Shared

0.00

None

0.00

JPMorgan Chase & Co.

SOLE

COM

Shares172K

TypeSH

Market value$41.23M

1.29%

Sole

172K

Shared

0.00

None

0.00

Oracle Corp

SOLE

COM

Shares227.85K

TypeSH

Market value$37.97M

1.19%

Sole

227.85K

Shared

0.00

None

0.00

Eli Lilly & Co

SOLE

COM

Shares48.19K

TypeSH

Market value$37.20M

1.17%

Sole

48.19K

Shared

0.00

None

0.00

Wesco International Inc

SOLE

COM

Shares195.73K

TypeSH

Market value$35.42M

1.11%

Sole

195.73K

Shared

0.00

None

0.00

Berkshire Hathaway Inc Del Cl A

SOLE

CL A

Shares50.00

TypeSH

Market value$34.05M

1.07%

Sole

50.00

Shared

0.00

None

0.00

Lowe's Companies, Inc

SOLE

COM

Shares132.05K

TypeSH

Market value$32.59M

1.02%

Sole

132.05K

Shared

0.00

None

0.00

Alphabet Inc Class A

SOLE

CAP STK CL A

Shares166.84K

TypeSH

Market value$31.58M

0.99%

Sole

166.84K

Shared

0.00

None

0.00

UnitedHealth Group Inc

SOLE

COM

Shares62.02K

TypeSH

Market value$31.38M

0.98%

Sole

62.02K

Shared

0.00

None

0.00

Amazon.com, Inc.

SOLE

COM

Shares131.65K

TypeSH

Market value$28.88M

0.91%

Sole

131.65K

Shared

0.00

None

0.00

Exxon Mobil Corp

SOLE

COM

Shares268.45K

TypeSH

Market value$28.88M

0.91%

Sole

268.45K

Shared

0.00

None

0.00

Amphenol Corp Cl A

SOLE

CL A

Shares413.58K

TypeSH

Market value$28.72M

0.90%

Sole

413.58K

Shared

0.00

None

0.00

Alphabet Inc Class C

SOLE

CAP STK CL C

Shares143.71K

TypeSH

Market value$27.37M

0.86%

Sole

143.71K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
iShares S&P 500 Index FundSOLE	CORE S&P500 ETF	380.31K	SH	$223.88M 7.02%	380.31K
Vanguard FTSE Developed Markets ETFSOLE	VAN FTSE DEV MKT	3.01M	SH	$143.79M 4.51%	3.01M
Nelnet, Inc.SOLE	CL A	1.19M	SH	$126.84M 3.98%	1.19M
Microsoft CorpSOLE	COM	275.79K	SH	$116.24M 3.64%	275.79K
iShares S&P Small Cap 600 Index ETFSOLE	CORE S&P SCP ETF	1M	SH	$115.37M 3.62%	1M
Apple IncSOLE	COM	456.97K	SH	$114.43M 3.59%	456.97K
iShares S&P Midcap 400SOLE	CORE S&P MCP ETF	1.53M	SH	$95.60M 3.00%	1.53M
Vanguard FTSE Emerging Markets ETFSOLE	FTSE EMR MKT ETF	1.56M	SH	$68.64M 2.15%	1.56M
Broadcom IncSOLE	COM	243.63K	SH	$56.48M 1.77%	243.63K
Vanguard Total Bond Market ETFSOLE	TOTAL BND MRKT	745.17K	SH	$53.59M 1.68%	745.17K
iShares 0-5 Yr Inv Grd Corp Bond ETFSOLE	0-5YR INVT GR CP	1.05M	SH	$52.18M 1.64%	1.05M
Berkshire Hathaway Inc Del Cl B NewSOLE	CL B NEW	100.92K	SH	$45.74M 1.43%	100.92K
Walmart, IncSOLE	COM	475.32K	SH	$42.95M 1.35%	475.32K
JPMorgan Chase & Co.SOLE	COM	172K	SH	$41.23M 1.29%	172K
Oracle CorpSOLE	COM	227.85K	SH	$37.97M 1.19%	227.85K
Eli Lilly & CoSOLE	COM	48.19K	SH	$37.20M 1.17%	48.19K
Wesco International IncSOLE	COM	195.73K	SH	$35.42M 1.11%	195.73K
Berkshire Hathaway Inc Del Cl ASOLE	CL A	50.00	SH	$34.05M 1.07%	50.00
Lowe's Companies, IncSOLE	COM	132.05K	SH	$32.59M 1.02%	132.05K
Alphabet Inc Class ASOLE	CAP STK CL A	166.84K	SH	$31.58M 0.99%	166.84K
UnitedHealth Group IncSOLE	COM	62.02K	SH	$31.38M 0.98%	62.02K
Amazon.com, Inc.SOLE	COM	131.65K	SH	$28.88M 0.91%	131.65K
Exxon Mobil CorpSOLE	COM	268.45K	SH	$28.88M 0.91%	268.45K
Amphenol Corp Cl ASOLE	CL A	413.58K	SH	$28.72M 0.90%	413.58K
Alphabet Inc Class CSOLE	CAP STK CL C	143.71K	SH	$27.37M 0.86%	143.71K

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