Farmers & Merchants Investments
LINCOLN, NEfiles as FARMERS & MERCHANTS INVESTMENTS INC
$4.1bn in 1,760 US stocks at the end of 30 June 2026. The top 10 are 37.2% of the money. It changed about 6.9% of the portfolio this quarter.
Value
$4.1bn
Stocks
1,760
Top 10 share
37.2%
Turnover
6.9%
What changed this quarter
New
Bought for the first time this quarter.
- Honeywell InternationalHON0.1% of the fund
- Honeywell AerospaceHONA0.1% of the fund
- FedEx Freight Holding CompanyFDXF<0.1% of the fund
- Invesco Exch Traded FD TR IIQQQM<0.1% of the fund
- Marvell TechnologyMRVL<0.1% of the fund
- Ishares TRIYZ<0.1% of the fund
- Spdr Series TrustSPYM<0.1% of the fund
- Ishares TRIYJ<0.1% of the fund
- Ishares TRIYE<0.1% of the fund
- CarnivalCCL<0.1% of the fund
- DuPont de NemoursDD<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Invesco Exchange Traded FD TXMHQ<0.1% of the fund
- Eledon PharmaceuticalsELDN<0.1% of the fund
- Sonida Senior LivingSNDA<0.1% of the fund
- Bloom EnergyBE<0.1% of the fund
- RokuROKU<0.1% of the fund
- Spdr Series TrustSPMD<0.1% of the fund
- Coeur MiningCDE<0.1% of the fund
- Spdr Series TrustSPSM<0.1% of the fund
- Vanguard Scottsdale FDSVONV<0.1% of the fund
- Veeva SystemsVEEV<0.1% of the fund
- Vanguard Whitehall FDSVWOB<0.1% of the fund
- Ishares TRICVT<0.1% of the fund
- Vaneck ETF TrustANGL<0.1% of the fund
Added
Bought more of a stock they already held.
- Vanguard Tax-Managed FDSVEA6.5% of the fund+3%
- Ishares TRIJH3.6% of the fund+3%
- MicrosoftMSFT2.6% of the fund+3%
- Berkshire HathawayBRK-B1.4% of the fund+2%
- AlphabetGOOG1.3% of the fund+3%
- Taiwan Semiconductor ManufacturingTSM1.1% of the fund+2%
- Amazon.comAMZN1.0% of the fund+5%
- NvidiaNVDA1.0% of the fund+7%
- Palo Alto NetworksPANW0.8% of the fund+7%
- Lowe's CompaniesLOW0.7% of the fund+3%
- ASML Holding NVASML0.6% of the fund+2%
- AbbVieABBV0.5% of the fund+4%
- Capital One FinancialCOF0.4% of the fund+3%
- Abbott LaboratoriesABT0.4% of the fund+3%
- EnbridgeENB0.4% of the fund+2%
- SalesforceCRM0.4% of the fund+24%
- Ishares TRGNMA0.4% of the fund+3%
- Ishares TRMBB0.3% of the fund+3%
- Meta PlatformsMETA0.3% of the fund+10%
- Edwards LifesciencesEW0.3% of the fund+5%
- Verizon CommunicationsVZ0.3% of the fund+2%
- ITTITT0.3% of the fund+3%
- Johnson Controls InternationalJCI0.2% of the fund+4%
- Digital Realty TrustDLR0.2% of the fund+3%
- AptargroupATR0.2% of the fund+4%
Cut
Sold some of their stake.
- Ishares TRIJR4.0% of the fund-8%
- Vanguard Intl Equity Index FVWO1.9% of the fund-7%
- BroadcomAVGO1.9% of the fund-4%
- WalmartWMT1.1% of the fund-3%
- Berkshire Hathaway INC DELBRK-A0.7% of the fund-3%
- CaterpillarCAT0.6% of the fund-3%
- Vanguard Scottsdale FDSVCSH0.5% of the fund-8%
- Vanguard Malvern FDSVTIP0.4% of the fund-4%
- Ross StoresROST0.4% of the fund-3%
- NucorNUE0.4% of the fund-3%
- Ishares TRIVW0.4% of the fund-3%
- Ameriprise FinancialAMP0.3% of the fund-3%
- Ishares TRHYG0.3% of the fund-2%
- StrykerSYK0.3% of the fund-2%
- Wells Fargo & CompanyWFC0.3% of the fund-2%
- ATIATI0.1% of the fund-11%
- Booz Allen Hamilton HoldingBAH0.1% of the fund-3%
- Ishares TRIWR0.1% of the fund-2%
- ComcastCMCSA0.1% of the fund-11%
- Delta Air LinesDAL0.1% of the fund-10%
- Vanguard Index FDSVB<0.1% of the fund-11%
- Kimberly-ClarkKMB<0.1% of the fund-4%
- PayPal HoldingsPYPL<0.1% of the fund-49%
- Black HillsBKH<0.1% of the fund-3%
- Norfolk SouthernNSC<0.1% of the fund-2%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Ishares TRIMCB-100%
- Ishares TRIYC-100%
- Coterra EnergyCTRA-100%
- First TR Exchange-Traded FDFTSM-100%
- DuPont de NemoursDD-100%
- Carnival-100%
- Spdr Series TrustSHM-100%
- Invesco Exch TRD SLF IDX FDBSCR-100%
- Coinbase Global-100%
- Invesco Exch TRD SLF IDX FDBSCT-100%
- CSG SYS Intl-100%
- Agnico Eagle MinesAEM-100%
- Ishares TRGOVT-100%
- Ishares TRIHE-100%
- Honda MotorHMC-100%
- Masimo-100%
- Ishares TRIXJ-100%
- Rocket CompaniesRKT-100%
- Boston OmahaBOC-100%
- EPAM SystemsEPAM-100%
- Structure TherapeuticsGPCR-100%
- Vaneck ETF TrustHYD-100%
- SoFi TechnologiesSOFI-100%
- Air Lease-100%
Holdings
- Ishares TRIVV
- Share
- 7.1%
- Value
- $293m
- Shares
- 390,589
Held
- Vanguard Tax-Managed FDSVEA
- Share
- 6.5%
- Value
- $268m
- Shares
- 3,755,844
+3%
- Ishares TRIJR
- Share
- 4.0%
- Value
- $166m
- Shares
- 1,116,608
-8%
- Ishares TRIJH
- Share
- 3.6%
- Value
- $150m
- Shares
- 1,938,937
+3%
- Vanguard Intl Equity Index FVWO
- Share
- 1.9%
- Value
- $79m
- Shares
- 1,326,765
-7%
- Vanguard BD Index FDSBND
- Share
- 1.4%
- Value
- $60m
- Shares
- 813,345
Held
- Ishares TRSLQD
- Share
- 1.2%
- Value
- $49m
- Shares
- 982,350
Held
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.7%
- Value
- $28m
- Shares
- 37
-3%
- Vanguard Index FDSVOO
- Share
- 0.6%
- Value
- $25m
- Shares
- 36,563
Held
- Ishares TRIWM
- Share
- 0.5%
- Value
- $22m
- Shares
- 72,308
Held
- Vanguard Scottsdale FDSVCSH
- Share
- 0.5%
- Value
- $20m
- Shares
- 251,560
-8%
- Vanguard Malvern FDSVTIP
- Share
- 0.4%
- Value
- $17m
- Shares
- 335,679
-4%
- Ishares TRIVW
- Share
- 0.4%
- Value
- $15m
- Shares
- 111,546
-3%
- Ishares TRGNMA
- Share
- 0.4%
- Value
- $15m
- Shares
- 330,244
+3%
- Ishares TRMBB
- Share
- 0.3%
- Value
- $14m
- Shares
- 149,687
+3%
- Ishares TRIWP
- Share
- 0.3%
- Value
- $14m
- Shares
- 93,272
Held
- Ishares TRHYG
- Share
- 0.3%
- Value
- $14m
- Shares
- 169,455
-2%
- Vanguard BD Index FDSBSV
- Share
- 0.3%
- Value
- $13m
- Shares
- 168,486
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.2%
- Value
- $9m
- Shares
- 12,691
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRIVV | 7.1% | $293m | 390,589 | Held |
| Vanguard Tax-Managed FDSVEA | 6.5% | $268m | 3,755,844 | +3% |
| Ishares TRIJR | 4.0% | $166m | 1,116,608 | -8% |
| NelnetNNI | 3.8% | $157m | 1,179,351 | Held |
| Ishares TRIJH | 3.6% | $150m | 1,938,937 | +3% |
| AppleAAPL | 3.1% | $129m | 447,308 | Held |
| Advanced Micro DevicesAMD | 2.7% | $112m | 193,518 | Held |
| MicrosoftMSFT | 2.6% | $105m | 282,623 | +3% |
| Vanguard Intl Equity Index FVWO | 1.9% | $79m | 1,326,765 | -7% |
| BroadcomAVGO | 1.9% | $78m | 205,311 | -4% |
| AlphabetGOOGL | 1.6% | $66m | 183,721 | Held |
| AmphenolAPH | 1.6% | $65m | 369,201 | Held |
| Wesco InternationalWCC | 1.5% | $60m | 174,057 | Held |
| Vanguard BD Index FDSBND | 1.4% | $60m | 813,345 | Held |
| Berkshire HathawayBRK-B | 1.4% | $57m | 114,155 | +2% |
| AlphabetGOOG | 1.3% | $54m | 152,949 | +3% |
| Eli LillyLLY | 1.3% | $53m | 44,397 | Held |
| JPMorgan ChaseJPM | 1.2% | $50m | 153,996 | Held |
| Ishares TRSLQD | 1.2% | $49m | 982,350 | Held |
| WalmartWMT | 1.1% | $46m | 405,094 | -3% |
| Taiwan Semiconductor ManufacturingTSM | 1.1% | $46m | 95,452 | +2% |
| Dell TechnologiesDELL | 1.0% | $42m | 98,373 | Held |
| Amazon.comAMZN | 1.0% | $41m | 171,378 | +5% |
| Johnson & JohnsonJNJ | 1.0% | $40m | 159,376 | Held |
| NvidiaNVDA | 1.0% | $40m | 199,159 | +7% |
| ExxonMobil HoldingsXOM | 0.9% | $37m | 270,273 | Held |
| Cisco SystemsCSCO | 0.9% | $35m | 301,674 | Held |
| Palo Alto NetworksPANW | 0.8% | $35m | 101,488 | +7% |
| Goldman Sachs GroupGS | 0.8% | $33m | 32,556 | Held |
| Texas InstrumentsTXN | 0.8% | $31m | 104,902 | Held |
| OracleORCL | 0.8% | $31m | 211,699 | Held |
| Lowe's CompaniesLOW | 0.7% | $29m | 129,937 | +3% |
| Berkshire Hathaway INC DELBRK-A | 0.7% | $28m | 37 | -3% |
| CVS HealthCVS | 0.7% | $27m | 262,608 | Held |
| CaterpillarCAT | 0.6% | $27m | 25,053 | -3% |
| Emerson ElectricEMR | 0.6% | $27m | 185,400 | Held |
| UnitedHealth GroupUNH | 0.6% | $26m | 63,018 | Held |
| ASML Holding NVASML | 0.6% | $25m | 12,630 | +2% |
| Vanguard Index FDSVOO | 0.6% | $25m | 36,563 | Held |
| Bank of AmericaBAC | 0.6% | $24m | 414,377 | Held |
| PepsiCoPEP | 0.6% | $23m | 172,175 | Held |
| VisaV | 0.6% | $23m | 67,906 | Held |
| Union PacificUNP | 0.5% | $22m | 82,218 | Held |
| RTXRTX | 0.5% | $22m | 114,759 | Held |
| Ishares TRIWM | 0.5% | $22m | 72,308 | Held |
| AbbVieABBV | 0.5% | $22m | 85,666 | +4% |
| Air Products & ChemicalsAPD | 0.5% | $21m | 70,728 | Held |
| Procter & GamblePG | 0.5% | $20m | 136,436 | Held |
| Vanguard Scottsdale FDSVCSH | 0.5% | $20m | 251,560 | -8% |
| McDonald'sMCD | 0.4% | $18m | 68,407 | Held |
| DoverDOV | 0.4% | $18m | 81,499 | Held |
| ChevronCVX | 0.4% | $18m | 110,157 | Held |
| Capital One FinancialCOF | 0.4% | $18m | 88,390 | +3% |
| Vanguard Malvern FDSVTIP | 0.4% | $17m | 335,679 | -4% |
| MetLifeMET | 0.4% | $17m | 198,029 | Held |
| US BancorpUSB | 0.4% | $17m | 275,473 | Held |
| Abbott LaboratoriesABT | 0.4% | $17m | 182,692 | +3% |
| Costco WholesaleCOST | 0.4% | $16m | 17,524 | Held |
| LindeLIN | 0.4% | $16m | 31,198 | Held |
| Ross StoresROST | 0.4% | $16m | 75,872 | -3% |
| NucorNUE | 0.4% | $16m | 71,960 | -3% |
| EnbridgeENB | 0.4% | $16m | 292,885 | +2% |
| SalesforceCRM | 0.4% | $16m | 100,581 | +24% |
| Ishares TRIVW | 0.4% | $15m | 111,546 | -3% |
| Waste ManagementWM | 0.4% | $15m | 68,281 | Held |
| MerckMRK | 0.4% | $15m | 117,788 | Held |
| StarbucksSBUX | 0.4% | $15m | 144,591 | Held |
| Ishares TRGNMA | 0.4% | $15m | 330,244 | +3% |
| SyscoSYY | 0.4% | $15m | 173,992 | Held |
| IconICLR | 0.3% | $14m | 82,928 | Held |
| Walt DisneyDIS | 0.3% | $14m | 148,428 | Held |
| AflacAFL | 0.3% | $14m | 121,837 | Held |
| Ishares TRMBB | 0.3% | $14m | 149,687 | +3% |
| BlackRockBLK | 0.3% | $14m | 14,312 | Held |
| Ishares TRIWP | 0.3% | $14m | 93,272 | Held |
| Ameriprise FinancialAMP | 0.3% | $14m | 29,691 | -3% |
| Ishares TRHYG | 0.3% | $14m | 169,455 | -2% |
| Vanguard BD Index FDSBSV | 0.3% | $13m | 168,486 | Held |
| TJX CompaniesTJX | 0.3% | $13m | 82,849 | Held |
| StrykerSYK | 0.3% | $12m | 39,439 | -2% |
| Meta PlatformsMETA | 0.3% | $12m | 21,757 | +10% |
| QualcommQCOM | 0.3% | $12m | 66,047 | Held |
| Wells Fargo & CompanyWFC | 0.3% | $12m | 146,477 | -2% |
| Edwards LifesciencesEW | 0.3% | $12m | 133,747 | +5% |
| Verizon CommunicationsVZ | 0.3% | $12m | 284,410 | +2% |
| ITTITT | 0.3% | $12m | 60,772 | +3% |
| Roper TechnologiesROP | 0.3% | $12m | 35,448 | Held |
| W.W. GraingerGWW | 0.3% | $11m | 8,301 | Held |
| Occidental PetroleumOXY | 0.3% | $11m | 227,248 | Held |
| Home DepotHD | 0.3% | $11m | 29,919 | Held |
| MedtronicMDT | 0.3% | $10m | 133,089 | Held |
| ConocoPhillipsCOP | 0.3% | $10m | 99,465 | Held |
| Automatic Data ProcessingADP | 0.2% | $10m | 45,900 | Held |
| NextEra EnergyNEE | 0.2% | $10m | 117,021 | Held |
| Mondelez InternationalMDLZ | 0.2% | $10m | 176,009 | Held |
| Illinois Tool WorksITW | 0.2% | $10m | 36,414 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.2% | $9m | 12,691 | Held |
| Coca-ColaKO | 0.2% | $9m | 115,698 | Held |
| Johnson Controls InternationalJCI | 0.2% | $9m | 64,239 | +4% |
| AmgenAMGN | 0.2% | $9m | 25,625 | Held |
Showing the largest 100 of 1,760.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 20.3% since 30 June 2025.
Where the money is
Technology19.8%
Financial services12.0%
Industrials9.0%
Health care7.2%
Media & telecom4.1%
Retail & consumer4.1%
Everyday goods4.0%
Energy2.6%
Materials1.9%
Utilities1.2%
Real estate0.6%
Other33.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.