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FARMERS & MERCHANTS INVESTMENTS INC

PO BOX 82535, LINCOLN, NE 68501 • 4023231619

Q1 2026 · Filed 2026-04-23
Market Value
$3.6B
+0.2%
Holdings
1,763
+18
New Purchases
67
Added To
257
Closed
28
Reduced
344
Top 10 Concentration
36.8%
Turnover
5.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XOM 1.25% 0.88% +0.37% $45M
VEA 6.46% 6.13% +0.32% $234M
IJR 4.17% 3.93% +0.23% $151M
IJH 3.52% 3.34% +0.17% $127M
CVX 0.63% 0.46% +0.17% $23M
JNJ 1.06% 0.90% +0.17% $38M
OXY 0.42% 0.26% +0.16% $15M
WCC 1.33% 1.21% +0.12% $48M
WMT 1.44% 1.33% +0.11% $52M
CAT 0.50% 0.40% +0.10% $18M
COP 0.36% 0.26% +0.10% $13M
DELL 0.45% 0.35% +0.10% $16M
TSM 0.87% 0.77% +0.10% $32M
ASML 0.45% 0.35% +0.10% $16M
APD 0.56% 0.48% +0.09% $20M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 2.79% 3.51% -0.72% $101M
ORCL 0.85% 1.10% -0.25% $31M
AVGO 1.82% 2.05% -0.23% $66M
IVV 6.99% 7.20% -0.21% $253M
LLY 1.14% 1.32% -0.17% $41M
ICLR 0.25% 0.41% -0.15% $9M
NNI 4.22% 4.36% -0.14% $153M
AAPL 3.09% 3.22% -0.13% $112M
COF 0.43% 0.57% -0.13% $16M
GOOGL 1.44% 1.56% -0.11% $52M
JPM 1.24% 1.34% -0.10% $45M
UNH 0.47% 0.56% -0.09% $17M
ABT 0.50% 0.60% -0.09% $18M
QCOM 0.24% 0.32% -0.08% $9M
V 0.57% 0.65% -0.08% $21M

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 76 $1.9B 51.9%
Large Cap 723 $1.5B 40.9%
Mid Cap 665 $245M 6.8%
Small Cap 282 $16M 0.5%
Micro Cap 17 $417K 0.0%

Portfolio Analytics

Avg Market Cap
$55.8B
Median Market Cap
$8.2B
Avg P/E
32.2
Median P/E
21.6
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
1,566
# ETFs / Funds
197

Top Holdings (1,763 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 6.99% 387,788 $253M $653.21 -$7M +7,614 +2.0%
2 VEA 6.46% 3,649,530 $234M $64.08 $12M +99,960 +2.8%
3 NNI 4.22% 1,184,351 $153M $128.96 -$5M
4 IJR 4.17% 1,213,599 $151M $124.31 $9M +30,981 +2.6%
5 IJH 3.52% 1,885,265 $127M $67.53 $6M +53,148 +2.9%
6 AAPL 3.09% 440,311 $112M $253.79 -$5M +12,090 +2.8%
7 MSFT 2.79% 273,172 $101M $370.17 -$26M +10,426 +4.0%
8 VWO 2.13% 1,426,926 $77M $54.05 $23K -7,269 -0.5%
9 AVGO 1.82% 213,014 $66M $309.51 -$8M -1,080 -0.5%
10 BND 1.64% 808,536 $60M $73.64 $1M +20,669 +2.6%
11 BRK-B 1.48% 111,548 $53M $479.20 $2M +8,696 +8.4%
12 GOOGL 1.44% 181,619 $52M $287.56 -$4M +1,976 +1.1%
13 WMT 1.44% 418,464 $52M $124.28 $4M -11,620 -2.7%
14 SLQD 1.35% 970,988 $49M $50.49 -$69K +2,666 +0.3%
15 WCC 1.33% 175,597 $48M $273.62 $4M -3,126 -1.8%
16 APH 1.27% 364,984 $46M $126.35 -$2M +9,299 +2.6%
17 XOM 1.25% 267,283 $45M $169.66 $13M +1,833 +0.7%
18 JPM 1.24% 152,429 $45M $294.16 -$4M +2,277 +1.5%
19 GOOG 1.17% 148,082 $42M $286.86 -$3M +4,580 +3.2%
20 LLY 1.14% 45,007 $41M $919.77 -$6M +720 +1.6%
21 AMD 1.09% 194,299 $40M $203.43 -$1M +3,178 +1.7%
22 JNJ 1.06% 157,191 $38M $244.44 $6M +760 +0.5%
23 AMZN 0.93% 162,569 $34M $208.27 -$1M +10,688 +7.0%
24 NVDA 0.89% 185,342 $32M $174.40 -$960K +6,876 +3.9%
25 TSM 0.87% 93,376 $32M $337.95 $4M +1,696 +1.9%
26 ORCL 0.85% 209,349 $31M $147.11 -$9M +4,806 +2.4%
27 LOW 0.83% 126,585 $30M $236.28 -$385K +967 +0.8%
28 GS 0.76% 32,384 $27M $845.99 -$661K +464 +1.4%
29 BRK-A 0.75% 38 $27M $718,140.00 -$1M
30 PEP 0.73% 169,402 $26M $155.29 $3M +4,559 +2.8%
31 EMR 0.66% 183,571 $24M $131.02 -$84K +1,715 +0.9%
32 CSCO 0.65% 305,157 $24M $77.59 $405K +3,037 +1.0%
33 CVX 0.63% 109,712 $23M $206.90 $6M +692 +0.6%
34 RTX 0.61% 114,879 $22M $192.90 $990K -550 -0.5%
35 VOO 0.60% 36,260 $22M $597.55 -$1M -108 -0.3%
36 VCSH 0.60% 272,160 $22M $79.27 $3M +33,400 +14.0%
37 MCD 0.58% 67,249 $21M $310.79 $495K +483 +0.7%
38 V 0.57% 68,094 $21M $302.24 -$3M +1,222 +1.8%
39 APD 0.56% 70,233 $20M $290.49 $3M +245 +0.3%
40 TXN 0.55% 103,491 $20M $194.14 $2M +1,802 +1.8%
41 UNP 0.55% 82,296 $20M $242.62 $1M +2,368 +3.0%
42 BAC 0.55% 407,334 $20M $48.75 -$2M +16,955 +4.3%
43 PG 0.54% 135,346 $20M $144.44 $348K +1,362 +1.0%
44 CVS 0.52% 260,653 $19M $71.82 -$2M +5,659 +2.2%
45 ABT 0.50% 177,525 $18M $102.67 -$3M +5,043 +2.9%
46 CAT 0.50% 25,697 $18M $708.46 $4M +561 +2.2%
47 IWM 0.49% 72,184 $18M $248.00 $76K -232 -0.3%
48 ABBV 0.49% 82,168 $18M $217.49 -$584K +1,402 +1.7%
49 VTIP 0.48% 348,731 $17M $49.95 $2M +27,561 +8.6%
50 COST 0.48% 17,463 $17M $996.43 $2M -21 -0.1%
51 DOV 0.47% 82,171 $17M $208.45 $713K -1,907 -2.3%
52 UNH 0.47% 62,570 $17M $270.59 -$3M +983 +1.6%
53 ROST 0.47% 77,875 $17M $216.63 $3M -837 -1.1%
54 DELL 0.45% 99,895 $16M $164.13 $4M -500 -0.5%
55 ASML 0.45% 12,356 $16M $1,320.83 $4M +436 +3.7%
56 COF 0.43% 86,178 $16M $182.43 -$5M +1,467 +1.7%
57 WM 0.43% 68,416 $16M $229.79 $690K
58 LIN 0.43% 31,487 $16M $495.76 $2M -60 -0.2%
59 ENB 0.43% 287,031 $16M $54.14 $2M +7,026 +2.5%
60 PANW 0.42% 95,296 $15M $160.32 -$2M +2,318 +2.5%
61 CRM 0.42% 81,053 $15M $186.67 $128K +24,423 +43.1%
62 OXY 0.42% 231,611 $15M $65.00 $6M +3,306 +1.4%
63 USB 0.40% 279,273 $15M $52.01 -$534K -2,944 -1.0%
64 MRK 0.39% 118,172 $14M $120.29 $2M +1,690 +1.4%
65 GNMA 0.39% 320,604 $14M $44.33 $853K +20,665 +6.9%
66 DIS 0.39% 146,374 $14M $96.38 -$2M +3,136 +2.2%
67 MET 0.39% 197,530 $14M $70.72 -$1M +2,597 +1.3%
68 VZ 0.38% 277,639 $14M $50.20 $3M +5,249 +1.9%
69 MBB 0.38% 145,744 $14M $94.95 $2M +20,275 +16.2%
70 HYG 0.38% 173,303 $14M $79.56 $698K +10,960 +6.8%
71 AMP 0.38% 30,742 $14M $444.40 -$2M -500 -1.6%
72 BLK 0.38% 14,172 $14M $961.71 -$1M +130 +0.9%
73 AFL 0.37% 122,461 $13M $109.71 -$300K -2,098 -1.7%
74 SYK 0.37% 40,356 $13M $328.59 -$912K +31 +0.1%
75 TJX 0.37% 82,825 $13M $159.70 $339K -1,074 -1.3%
76 BSV 0.36% 168,036 $13M $78.41 $268K +4,250 +2.6%
77 COP 0.36% 99,441 $13M $132.00 $4M -257 -0.3%
78 IVW 0.36% 115,290 $13M $113.11 -$1M -100 -0.1%
79 ROP 0.35% 36,092 $13M $353.86 -$3M +1,161 +3.3%
80 SBUX 0.35% 142,484 $13M $89.59 $913K +1,742 +1.2%
81 SYY 0.35% 175,686 $13M $71.33 -$586K -2,320 -1.3%
82 NUE 0.35% 74,013 $13M $169.10 $327K -712 -0.9%
83 IWP 0.33% 93,501 $12M $128.12 -$825K
84 WFC 0.33% 150,158 $12M $79.61 -$3M -6,753 -4.3%
85 MDT 0.32% 134,918 $12M $86.65 -$1M -938 -0.7%
86 ITT 0.31% 59,204 $11M $190.53 $1M +2,749 +4.9%
87 META 0.31% 19,706 $11M $572.13 -$988K +1,129 +6.1%
88 HON 0.31% 49,696 $11M $226.03 $1M -466 -0.9%
89 NKE 0.30% 207,061 $11M $52.82 -$2M +7,832 +3.9%
90 NEE 0.30% 115,628 $11M $92.88 $2M +2,906 +2.6%
91 EW 0.28% 127,922 $10M $80.08 -$473K +2,215 +1.8%
92 MDLZ 0.28% 176,097 $10M $57.64 $725K +1,000 +0.6%
93 HD 0.27% 30,256 $10M $328.89 -$715K -740 -2.4%
94 ITW 0.26% 36,739 $10M $260.29 $443K -290 -0.8%
95 ADP 0.26% 46,136 $9M $203.18 -$3M -462 -1.0%
96 FDX 0.26% 26,183 $9M $356.18 $2M +30 +0.1%
97 ICLR 0.25% 83,021 $9M $110.66 -$5M +2,446 +3.0%
98 AMGN 0.25% 25,801 $9M $351.85 $736K +314 +1.2%
99 GWW 0.25% 8,311 $9M $1,090.81 $313K -363 -4.2%
100 DLR 0.25% 49,446 $9M $180.21 $2M +1,591 +3.3%

New Positions

SymbolValue% Port
PIPR $401K 0.01%
ONEV $313K 0.01%
VSNTV $211K 0.01%
BMN $158K —%
IDEV $156K —%
ETX $129K —%
AZN $107K —%
SUB $101K —%
HYMB $97K —%
SLV $84K —%
IGE $83K —%
BCD $69K —%
SETM $30K —%
HEI-A $27K —%
BSCR $25K —%

Sold Out Positions

SymbolValue% Port
AHRT —%
INN —%
SXC —%
CARS —%
PNFP —%
KREF —%
BLMN —%
KLAC —%
CRNC —%
PLAY —%
DIA —%
AVDV —%
MYGN —%
SATS —%
JHML —%
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