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FARMERS & MERCHANTS INVESTMENTS INC

PO BOX 82535, LINCOLN, NE 68501 • 4023231619

Q3 2025 · Filed 2025-10-17
Market Value
$3.5B
+2.8%
Holdings
1,758
+4
New Purchases
54
Added To
357
Closed
43
Reduced
329
Top 10 Concentration
37.3%
Turnover
5.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VEA 5.72% 5.19% +0.53% $202M
AAPL 3.15% 2.73% +0.42% $111M
IJR 3.88% 3.58% +0.30% $137M
GOOGL 1.23% 0.99% +0.24% $43M
GOOG 0.98% 0.76% +0.23% $35M
ORCL 1.60% 1.39% +0.21% $56M
AVGO 2.04% 1.86% +0.18% $72M
JPM 1.51% 1.34% +0.17% $53M
APH 1.25% 1.09% +0.15% $44M
IJH 3.28% 3.13% +0.15% $116M
ABBV 0.56% 0.47% +0.09% $20M
JNJ 0.83% 0.75% +0.07% $29M
IVV 7.21% 7.14% +0.07% $254M
GS 0.71% 0.65% +0.06% $25M
CAT 0.36% 0.30% +0.06% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.81% 3.96% -0.15% $134M
ROP 0.50% 0.63% -0.14% $18M
AMZN 0.84% 0.96% -0.12% $30M
BRK-A 0.86% 0.98% -0.12% $30M
VCSH 0.47% 0.58% -0.11% $17M
MBB 0.31% 0.42% -0.11% $11M
FI 0.30% 0.41% -0.11% $11M
BSV 0.36% 0.46% -0.10% $13M
V 0.65% 0.75% -0.10% $23M
TXN 0.53% 0.63% -0.09% $19M
DIS 0.48% 0.57% -0.09% $17M
HON 0.30% 0.39% -0.09% $11M
CMCSA 0.35% 0.43% -0.08% $12M
LLY 0.97% 1.05% -0.08% $34M
MDLZ 0.31% 0.39% -0.08% $11M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 46.7%
Technology 16.8%
Industrials 8.5%
Healthcare 7.2%
Consumer Defensive 4.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 75 $1.8B 51.6%
Large Cap 718 $1.4B 41.0%
Mid Cap 642 $249M 7.1%
Small Cap 302 $14M 0.4%
Micro Cap 21 $110K 0.0%

Portfolio Analytics

Avg Market Cap
$55.5B
Median Market Cap
$8.0B
Avg P/E
32.1
Median P/E
21.6
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
1,554
# ETFs / Funds
204

Top Holdings (1,758 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 7.21% 379,752 $254M $669.30 $9M -14,374 -3.6%
2 VEA 5.72% 3,364,114 $202M $59.92 $24M +243,268 +7.8%
3 NNI 4.21% 1,183,342 $148M $125.38 $3M -18,920 -1.6%
4 IJR 3.88% 1,151,423 $137M $118.83 $14M +26,965 +2.4%
5 MSFT 3.81% 259,399 $134M $517.95 -$1M -13,686 -5.0%
6 IJH 3.28% 1,772,453 $116M $65.26 $8M +42,995 +2.5%
7 AAPL 3.15% 436,385 $111M $254.63 $17M -19,983 -4.4%
8 VWO 2.36% 1,532,655 $83M $54.18 $1M -125,719 -7.6%
9 AVGO 2.04% 217,750 $72M $329.91 $8M -12,993 -5.6%
10 BND 1.61% 764,886 $57M $74.37 $242K -4,396 -0.6%
11 ORCL 1.60% 200,716 $56M $281.24 $9M -17,324 -8.0%
12 JPM 1.51% 169,224 $53M $315.43 $7M +10,623 +6.7%
13 BRK-B 1.46% 102,335 $51M $502.74 $3M +2,305 +2.3%
14 SLQD 1.42% 988,006 $50M $50.83 -$779K -20,089 -2.0%
15 WMT 1.28% 437,564 $45M $103.06 $337K -20,182 -4.4%
16 APH 1.25% 355,321 $44M $123.75 $6M -24,767 -6.5%
17 GOOGL 1.23% 177,793 $43M $243.10 $9M -14,147 -7.4%
18 WCC 1.07% 178,219 $38M $211.50 $2M -15,058 -7.8%
19 GOOG 0.98% 142,269 $35M $243.55 $9M -3,753 -2.6%
20 LLY 0.97% 44,637 $34M $763.00 -$2M -1,472 -3.2%
21 NVDA 0.91% 172,387 $32M $186.58 $2M -17,640 -9.3%
22 LOW 0.90% 126,247 $32M $251.31 $3M -4,293 -3.3%
23 AMD 0.88% 192,064 $31M $161.79 $2M -10,489 -5.2%
24 BRK-A 0.86% 40 $30M $754,200.00 -$3M -6 -13.0%
25 XOM 0.84% 263,220 $30M $112.75 $204K -10,193 -3.7%
26 AMZN 0.84% 134,693 $30M $219.57 -$3M -15,498 -10.3%
27 JNJ 0.83% 157,108 $29M $185.42 $3M -11,943 -7.1%
28 GS 0.71% 31,626 $25M $796.35 $3M +147 +0.5%
29 TSM 0.71% 89,943 $25M $279.29 $2M -11,968 -11.7%
30 EMR 0.68% 181,507 $24M $131.18 -$1M -8,150 -4.3%
31 PEP 0.66% 166,277 $23M $140.44 -$550K -14,744 -8.1%
32 ABT 0.66% 173,634 $23M $133.94 -$384K -183 -0.1%
33 V 0.65% 67,430 $23M $341.38 -$3M -4,891 -6.8%
34 VOO 0.64% 37,115 $23M $612.38 $2M +102 +0.3%
35 UNH 0.61% 61,930 $21M $345.30 $871K -3,823 -5.8%
36 PG 0.60% 138,611 $21M $153.65 -$2M -6,300 -4.3%
37 CSCO 0.59% 302,794 $21M $68.42 -$1M -10,455 -3.3%
38 MCD 0.59% 68,005 $21M $303.89 -$25K -2,814 -4.0%
39 BAC 0.56% 386,102 $20M $51.59 $584K -22,509 -5.5%
40 ABBV 0.56% 84,543 $20M $231.54 $4M -2,050 -2.4%
41 APD 0.55% 71,617 $20M $272.72 -$1M -2,608 -3.5%
42 RTX 0.55% 116,139 $19M $167.33 $2M -361 -0.3%
43 UNP 0.55% 81,407 $19M $236.37 -$154K -2,894 -3.4%
44 CVX 0.54% 121,778 $19M $155.29 $2M +1,922 +1.6%
45 TXN 0.53% 102,616 $19M $183.73 -$3M -1,252 -1.2%
46 CVS 0.53% 249,736 $19M $75.39 $426K -17,038 -6.4%
47 PANW 0.52% 90,643 $18M $203.62 -$1M -5,410 -5.6%
48 COF 0.50% 83,693 $18M $212.58 -$460K -2,091 -2.4%
49 IWM 0.50% 73,032 $18M $241.96 $2M +58 +0.1%
50 ROP 0.50% 35,101 $18M $498.69 -$4M -3,191 -8.3%
51 DIS 0.48% 146,985 $17M $114.50 -$3M -10,933 -6.9%
52 VCSH 0.47% 208,660 $17M $79.93 -$3M -43,478 -17.2%
53 BLK 0.46% 13,938 $16M $1,165.87 $703K -879 -5.9%
54 COST 0.46% 17,475 $16M $925.63 -$921K +205 +1.2%
55 MET 0.46% 196,111 $16M $82.37 -$847K -15,287 -7.2%
56 AMP 0.44% 31,492 $15M $491.25 -$1M -250 -0.8%
57 VTIP 0.43% 302,214 $15M $50.63 -$2M -33,778 -10.1%
58 WM 0.43% 69,051 $15M $220.83 -$1M -3,104 -4.3%
59 SYK 0.43% 40,673 $15M $369.67 -$2M -2,597 -6.0%
60 LIN 0.43% 31,567 $15M $475.00 -$344K -1,125 -3.4%
61 SYY 0.42% 178,684 $15M $82.34 $532K -8,551 -4.6%
62 AFL 0.41% 130,062 $15M $111.70 $757K -520 -0.4%
63 DOV 0.41% 86,330 $14M $166.83 -$2M -706 -0.8%
64 DELL 0.41% 101,110 $14M $141.77 $2M -775 -0.8%
65 ADP 0.40% 48,365 $14M $293.50 -$709K +39 +0.1%
66 ICLR 0.40% 80,038 $14M $175.00 $1M -7,535 -8.6%
67 NKE 0.40% 200,194 $14M $69.73 -$2M -19,095 -8.7%
68 IVW 0.40% 115,509 $14M $120.72 $1M -50 -0.0%
69 ENB 0.39% 275,327 $14M $50.46 $552K -19,056 -6.5%
70 WFC 0.39% 163,561 $14M $83.82 -$281K -11,061 -6.3%
71 USB 0.39% 282,538 $14M $48.33 -$1M -42,563 -13.1%
72 IWP 0.38% 93,629 $13M $142.41 $433K +601 +0.7%
73 MDT 0.37% 136,306 $13M $95.24 $996K -1,188 -0.9%
74 BSV 0.36% 162,586 $13M $78.91 -$3M -39,000 -19.4%
75 CAT 0.36% 26,481 $13M $477.15 $2M -106 -0.4%
76 HD 0.36% 31,042 $13M $405.19 $1M -197 -0.6%
77 TJX 0.35% 85,271 $12M $144.54 $2M -160 -0.2%
78 HYG 0.35% 151,758 $12M $81.19 -$2M -21,252 -12.3%
79 VZ 0.35% 279,282 $12M $43.95 -$995K -27,395 -8.9%
80 CMCSA 0.35% 388,438 $12M $31.42 -$3M -23,580 -5.7%
81 CRM 0.34% 51,301 $12M $237.00 -$1M +2,861 +5.9%
82 ROST 0.34% 79,507 $12M $152.39 $1M -3,811 -4.6%
83 SBUX 0.34% 142,172 $12M $84.60 -$919K +882 +0.6%
84 GNMA 0.34% 266,935 $12M $44.35 $779K +15,287 +6.1%
85 QCOM 0.33% 69,281 $12M $166.36 $395K -606 -0.9%
86 ASML 0.32% 11,731 $11M $968.09 $33K -2,399 -17.0%
87 MDLZ 0.31% 177,656 $11M $62.47 -$2M -20,605 -10.4%
88 MBB 0.31% 114,275 $11M $95.15 -$4M -38,866 -25.4%
89 HON 0.30% 51,043 $11M $210.50 -$3M -6,800 -11.8%
90 OXY 0.30% 227,115 $11M $47.25 $672K -12,321 -5.2%
91 FI 0.30% 83,140 $11M $128.93 -$3M +1,176 +1.4%
92 MRK 0.29% 123,142 $10M $83.93 -$402K -12,500 -9.2%
93 NUE 0.29% 75,585 $10M $135.43 -$8K -3,500 -4.4%
94 ITT 0.29% 56,705 $10M $178.76 -$62K -8,322 -12.8%
95 PYPL 0.28% 147,704 $10M $67.06 -$2M -12,791 -8.0%
96 BAH 0.28% 97,046 $10M $99.95 -$2M -10,822 -10.0%
97 ITW 0.27% 37,047 $10M $260.76 $416K -343 -0.9%
98 EW 0.27% 123,745 $10M $77.77 -$1M -15,037 -10.8%
99 UBER 0.27% 98,134 $10M $97.97 -$374K -8,923 -8.3%
100 COP 0.27% 101,198 $10M $94.59 $502K +120 +0.1%

New Positions

SymbolValue% Port
APP $107K —%
HOOD $64K —%
SLV $50K —%
IONQ $49K —%
IBIT $45K —%
ULVM $35K —%
UITB $33K —%
DDOG $24K —%
MOO $21K —%
GDX $20K —%
UIVM $17K —%
FXI $16K —%
NTNX $16K —%
TLN $15K —%
SQ $15K —%

Sold Out Positions

SymbolValue% Port
XIFR —%
HIMS —%
CAH —%
BGS —%
ACH —%
BXSL —%
PUMP —%
SSB —%
MLAB —%
JACK —%
FUTY —%
MSTY —%
NFLT —%
TTGT —%
XRX —%
View SEC EDGAR Filings for FARMERS & MERCHANTS INVESTMENTS INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms