Filed: 10/17/2025ACC: 0001140361-25-038508
📋 What this filing means
FARMERS & MERCHANTS INVESTMENTS INC filed this quarterly 13F‑HR report disclosing 1737 equity positions with a total reported market value of $3.53B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1737
Positions
$3.53B
Total AUM (reported)
28.37M
Total Shares
Allocation by class
COM$1.79B50.6%
CL A$266.00M7.5%
CORE S&P500 ETF$254.17M7.2%
VAN FTSE DEV MKT$201.58M5.7%
CORE S&P SCP ETF$136.82M3.9%
CORE S&P MCP ETF$115.67M3.3%
FTSE EMR MKT ETF$83.04M2.4%
Portfolio Concentration
Top 3$604.11M17.1%
4–10$709.73M20.1%
11–25$605.00M17.2%
Rest$1.61B45.6%
Top 3 weight
17.1%
Top 10 weight
37.2%
Voting Authority Distribution
Total shares with voting rights: 28.37M
Sole
Full voting authority
28.37M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole1737
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1737
Rows:
iShares S&P 500 Index Fund
SOLEShares379.75K
TypeSH
Market value$254.17M
7.21%
Sole
379.75K
Shared
0.00
None
0.00
Vanguard FTSE Developed Markets ETF
SOLEShares3.36M
TypeSH
Market value$201.58M
5.71%
Sole
3.36M
Shared
0.00
None
0.00
Nelnet, Inc.
SOLEShares1.18M
TypeSH
Market value$148.37M
4.21%
Sole
1.18M
Shared
0.00
None
0.00
iShares S&P Small Cap 600 Index ETF
SOLEShares1.15M
TypeSH
Market value$136.82M
3.88%
Sole
1.15M
Shared
0.00
None
0.00
Microsoft Corp
SOLEShares259.40K
TypeSH
Market value$134.36M
3.81%
Sole
259.40K
Shared
0.00
None
0.00
iShares S&P Midcap 400
SOLEShares1.77M
TypeSH
Market value$115.67M
3.28%
Sole
1.77M
Shared
0.00
None
0.00
Apple Inc
SOLEShares436.38K
TypeSH
Market value$111.12M
3.15%
Sole
436.38K
Shared
0.00
None
0.00
Vanguard FTSE Emerging Markets ETF
SOLEShares1.53M
TypeSH
Market value$83.04M
2.35%
Sole
1.53M
Shared
0.00
None
0.00
Broadcom Inc
SOLEShares217.75K
TypeSH
Market value$71.84M
2.04%
Sole
217.75K
Shared
0.00
None
0.00
Vanguard Total Bond Market ETF
SOLEShares764.89K
TypeSH
Market value$56.88M
1.61%
Sole
764.89K
Shared
0.00
None
0.00
Oracle Corp
SOLEShares200.72K
TypeSH
Market value$56.45M
1.60%
Sole
200.72K
Shared
0.00
None
0.00
JPMorgan Chase & Co.
SOLEShares169.22K
TypeSH
Market value$53.38M
1.51%
Sole
169.22K
Shared
0.00
None
0.00
Berkshire Hathaway Inc Del Cl B New
SOLEShares102.33K
TypeSH
Market value$51.45M
1.46%
Sole
102.33K
Shared
0.00
None
0.00
iShares 0-5 Yr Inv Grd Corp Bond ETF
SOLEShares988.01K
TypeSH
Market value$50.22M
1.42%
Sole
988.01K
Shared
0.00
None
0.00
Walmart, Inc
SOLEShares437.56K
TypeSH
Market value$45.10M
1.28%
Sole
437.56K
Shared
0.00
None
0.00
Amphenol Corp Cl A
SOLEShares355.32K
TypeSH
Market value$43.97M
1.25%
Sole
355.32K
Shared
0.00
None
0.00
Alphabet Inc Class A
SOLEShares177.79K
TypeSH
Market value$43.22M
1.23%
Sole
177.79K
Shared
0.00
None
0.00
Wesco International Inc
SOLEShares178.22K
TypeSH
Market value$37.69M
1.07%
Sole
178.22K
Shared
0.00
None
0.00
Alphabet Inc Class C
SOLEShares142.27K
TypeSH
Market value$34.65M
0.98%
Sole
142.27K
Shared
0.00
None
0.00
Eli Lilly & Co
SOLEShares44.64K
TypeSH
Market value$34.06M
0.97%
Sole
44.64K
Shared
0.00
None
0.00
NVIDIA Corporation
SOLEShares172.39K
TypeSH
Market value$32.16M
0.91%
Sole
172.39K
Shared
0.00
None
0.00
Lowe's Companies, Inc
SOLEShares126.25K
TypeSH
Market value$31.73M
0.90%
Sole
126.25K
Shared
0.00
None
0.00
Advanced Micro Devices Inc
SOLEShares192.06K
TypeSH
Market value$31.07M
0.88%
Sole
192.06K
Shared
0.00
None
0.00
Berkshire Hathaway Inc Del Cl A
SOLEShares40.00
TypeSH
Market value$30.17M
0.86%
Sole
40.00
Shared
0.00
None
0.00
Exxon Mobil Corp
SOLEShares263.22K
TypeSH
Market value$29.68M
0.84%
Sole
263.22K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
iShares S&P 500 Index FundSOLE | CORE S&P500 ETF | 379.75K | SH | $254.17M 7.21% | 379.75K | 0.00 | 0.00 |
Vanguard FTSE Developed Markets ETFSOLE | VAN FTSE DEV MKT | 3.36M | SH | $201.58M 5.71% | 3.36M | 0.00 | 0.00 |
Nelnet, Inc.SOLE | CL A | 1.18M | SH | $148.37M 4.21% | 1.18M | 0.00 | 0.00 |
iShares S&P Small Cap 600 Index ETFSOLE | CORE S&P SCP ETF | 1.15M | SH | $136.82M 3.88% | 1.15M | 0.00 | 0.00 |
Microsoft CorpSOLE | COM | 259.40K | SH | $134.36M 3.81% | 259.40K | 0.00 | 0.00 |
iShares S&P Midcap 400SOLE | CORE S&P MCP ETF | 1.77M | SH | $115.67M 3.28% | 1.77M | 0.00 | 0.00 |
Apple IncSOLE | COM | 436.38K | SH | $111.12M 3.15% | 436.38K | 0.00 | 0.00 |
Vanguard FTSE Emerging Markets ETFSOLE | FTSE EMR MKT ETF | 1.53M | SH | $83.04M 2.35% | 1.53M | 0.00 | 0.00 |
Broadcom IncSOLE | COM | 217.75K | SH | $71.84M 2.04% | 217.75K | 0.00 | 0.00 |
Vanguard Total Bond Market ETFSOLE | TOTAL BND MRKT | 764.89K | SH | $56.88M 1.61% | 764.89K | 0.00 | 0.00 |
Oracle CorpSOLE | COM | 200.72K | SH | $56.45M 1.60% | 200.72K | 0.00 | 0.00 |
JPMorgan Chase & Co.SOLE | COM | 169.22K | SH | $53.38M 1.51% | 169.22K | 0.00 | 0.00 |
Berkshire Hathaway Inc Del Cl B NewSOLE | CL B NEW | 102.33K | SH | $51.45M 1.46% | 102.33K | 0.00 | 0.00 |
iShares 0-5 Yr Inv Grd Corp Bond ETFSOLE | 0-5YR INVT GR CP | 988.01K | SH | $50.22M 1.42% | 988.01K | 0.00 | 0.00 |
Walmart, IncSOLE | COM | 437.56K | SH | $45.10M 1.28% | 437.56K | 0.00 | 0.00 |
Amphenol Corp Cl ASOLE | CL A | 355.32K | SH | $43.97M 1.25% | 355.32K | 0.00 | 0.00 |
Alphabet Inc Class ASOLE | CAP STK CL A | 177.79K | SH | $43.22M 1.23% | 177.79K | 0.00 | 0.00 |
Wesco International IncSOLE | COM | 178.22K | SH | $37.69M 1.07% | 178.22K | 0.00 | 0.00 |
Alphabet Inc Class CSOLE | CAP STK CL C | 142.27K | SH | $34.65M 0.98% | 142.27K | 0.00 | 0.00 |
Eli Lilly & CoSOLE | COM | 44.64K | SH | $34.06M 0.97% | 44.64K | 0.00 | 0.00 |
NVIDIA CorporationSOLE | COM | 172.39K | SH | $32.16M 0.91% | 172.39K | 0.00 | 0.00 |
Lowe's Companies, IncSOLE | COM | 126.25K | SH | $31.73M 0.90% | 126.25K | 0.00 | 0.00 |
Advanced Micro Devices IncSOLE | COM | 192.06K | SH | $31.07M 0.88% | 192.06K | 0.00 | 0.00 |
Berkshire Hathaway Inc Del Cl ASOLE | CL A | 40.00 | SH | $30.17M 0.86% | 40.00 | 0.00 | 0.00 |
Exxon Mobil CorpSOLE | COM | 263.22K | SH | $29.68M 0.84% | 263.22K | 0.00 | 0.00 |
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