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Holders — by stockHoldings — by fund

FARMERS & MERCHANTS INVESTMENTS INC

Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 1259969

$4.13B

disclosed book value

1,760

positions

7.1%

largest position share

Positions, as of 2026-06-30

top 100 of 1,760 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held

#IssuerSharesValue% of book
1IVViShares S&P 500 Index Fund390,589$292.5M7.1%
2VEAVanguard FTSE Developed Markets ETF3.8M$267.6M6.5%
3IJRiShares S&P Small Cap 600 Index ETF1.1M$165.6M4%
4NNINelnet, Inc.1.2M$157.2M3.8%
5IJHiShares S&P Midcap 4001.9M$149.5M3.6%
6AAPLApple Inc447,308$129.4M3.1%
7AMDAdvanced Micro Devices Inc193,518$112.4M2.7%
8MSFTMicrosoft Corp282,623$105.4M2.6%
9VWOVanguard FTSE Emerging Markets ETF1.3M$79.2M1.9%
10AVGOBroadcom Inc205,311$77.6M1.9%
11GOOGLAlphabet Inc Class A183,721$65.7M1.6%
12APHAmphenol Corp Cl A369,201$65.1M1.6%
13WCCWesco International Inc174,057$60.1M1.5%
14BNDVanguard Total Bond Market ETF813,345$59.7M1.4%
15BRK/BBerkshire Hathaway Inc Del Cl B New114,155$57.1M1.4%
16GOOGAlphabet Inc Class C152,949$54.0M1.3%
17LLYEli Lilly & Co44,397$53.3M1.3%
18JPMJPMorgan Chase & Co.153,996$50.4M1.2%
19SLQDiShares 0-5 Yr Inv Grd Corp Bond ETF982,350$49.5M1.2%
20WMTWalmart, Inc405,094$45.9M1.1%
21TSMTaiwan Semiconductor Manufacturing Company Ltd.95,452$45.6M1.1%
22DELLDell Technologies Inc Cl C98,373$42.4M1%
23AMZNAmazon.com, Inc.171,378$40.8M1%
24JNJJohnson & Johnson159,376$40.5M1%
25NVDANVIDIA Corporation199,159$39.8M1%
26EXMOCExxon Mobil Corp270,273$37.0M0.9%
27CSCOCisco Systems Inc301,674$35.4M0.9%
28PANWPalo Alto Networks, Inc.101,488$34.6M0.8%
29GSGoldman Sachs Group Inc.32,556$32.9M0.8%
30TXNTexas Instruments Inc104,902$31.3M0.8%
31ORCLOracle Corp211,699$31.0M0.8%
32LOWLowe's Companies, Inc129,937$28.6M0.7%
33BRK/ABerkshire Hathaway Inc Del Cl A37$27.7M0.7%
34CVSCVS Health Corporation262,608$27.2M0.7%
35CATCaterpillar Inc25,053$26.7M0.6%
36EMREmerson Electric Co185,400$26.5M0.6%
37UNHUnitedHealth Group Inc63,018$26.2M0.6%
38ASML Holding12,630$25.1M0.6%
39VOOVanguard S&P 500 ETF36,563$25.1M0.6%
40BACBank of America Corp414,377$23.6M0.6%
41PEPPepsiCo Inc172,175$23.3M0.6%
42VVisa Inc.67,906$23.3M0.6%
43UNPUnion Pacific Corp82,218$22.4M0.5%
44RTXRTX Corp114,759$21.8M0.5%
45IWMiShares Russell 2000 Index Fund72,308$21.7M0.5%
46ABBVAbbvie Inc85,666$21.6M0.5%
47APDAir Products & Chemicals Inc70,728$20.7M0.5%
48PGProcter & Gamble Co136,436$20.0M0.5%
49VCSHVanguard S/T Corp Bond ETF251,560$19.9M0.5%
50MCDMcDonald's Corp68,407$18.5M0.4%
51DOVDover Corp81,499$18.3M0.4%
52CVXChevron Corp110,157$18.3M0.4%
53COFCapital One Financial Corp88,390$17.7M0.4%
54VTIPVanguard Short-Term Inflation -Protected Securities ETF335,679$16.9M0.4%
55METMetlife Inc198,029$16.8M0.4%
56USBUS Bancorp275,473$16.6M0.4%
57ABTAbbott Laboratories182,692$16.6M0.4%
58COSTCostco Wholesale Corp17,524$16.4M0.4%
59New Linde PLC31,198$16.2M0.4%
60ROSTRoss Stores Inc75,872$16.1M0.4%
61NUENucor Corp71,960$16.0M0.4%
62ENBEnbridge Inc292,885$15.9M0.4%
63CRMSalesforce Inc100,581$15.8M0.4%
64IVWiShares S&P 500 Growth Index Fund111,546$15.3M0.4%
65WMWaste Management Inc68,281$15.2M0.4%
66MRKMerck & Co., Inc117,788$15.1M0.4%
67SBUXStarbucks Corp144,591$14.8M0.4%
68iShares GNMA Bond ETF330,244$14.6M0.4%
69SYYSysco Corp173,992$14.5M0.4%
70ICON PLC82,928$14.4M0.3%
71DISWalt Disney Company148,428$14.3M0.3%
72AFLAflac Inc common121,837$14.3M0.3%
73MBBiShares Barclays MBS Bond Fund ETF149,687$14.1M0.3%
74BLKBlackrock Inc14,312$13.8M0.3%
75IWPiShares Russell Mid-Cap Growth ETF93,272$13.7M0.3%
76AMPAmeriprise Financial Inc29,691$13.6M0.3%
77HYGiShares iBoxx H/Y Corp Bond Fund ETF169,455$13.6M0.3%
78BSVVanguard Short-Term Bond ETF168,486$13.1M0.3%
79TJXTJX Companies Inc82,849$12.6M0.3%
80SYKStryker Corp39,439$12.4M0.3%
81METAMeta Platforms Inc21,757$12.3M0.3%
82QCOMQualcomm Inc66,047$12.2M0.3%
83WFCWells Fargo146,477$12.1M0.3%
84EWEdwards Lifesciences Corp133,747$12.1M0.3%
85VZVerizon Communications284,410$12.0M0.3%
86ITTITT Inc.60,772$12.0M0.3%
87ROPRoper Technologies Inc35,448$12.0M0.3%
88GWWW W Grainger Inc8,301$11.3M0.3%
89OXYOccidental Petroleum Corp227,248$11.0M0.3%
90HDHome Depot Inc29,919$10.6M0.3%
91Medtronic PLC133,089$10.4M0.3%
92COPConocoPhillips99,465$10.3M0.3%
93ADPAutomatic Data Processing45,900$10.3M0.2%
94NEENextEra Energy Inc.117,021$10.3M0.2%
95MDLZMondelez International Inc - A176,009$10.2M0.2%
96ITWIllinois Tool Works Inc36,414$9.8M0.2%
97SPYState Street SPDR S&P 500 ETF Trust12,691$9.5M0.2%
98KOCoca-Cola Co115,698$9.4M0.2%
99Johnson Controls International64,239$9.4M0.2%
100AMGNAmgen Inc25,625$9.3M0.2%

Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.

EvidInvest is an independent research and information tool. Figures are calculated from public SEC filings and third-party market data and are provided for informational and educational purposes only. EvidInvest does not provide investment advice, brokerage, or financial services, and is not affiliated with any company it covers. Verify all figures against primary sources before making any decision.