Farmers & Merchants Investments Inc

13F filer · CIK 0001259969

Reported Jul 20, 2026

Net buyer this quarter

13F portfolio value$4.13BU.S. long equity reported on 13F

Positions1,57935 new · 44 closed

Net flow last quarter+$33.1MBuys minus sells

Top 10 positions weight21.4%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 20, 20261,579 positions
NNINelnet Inc	$157M	3.81%	Not reported	-0.4%	Q2 2013
AAPLApple Inc.	$129M	3.14%	0.00%	+1.6%	Q2 2013
AMDAdvanced Micro Devices Inc	$112M	2.72%	0.01%	-0.4%	Q2 2017
MSFTMicrosoft Corp	$105M	2.55%	0.00%	+3.5%	Q2 2013
AVGOBroadcom Inc.	$77.6M	1.88%	0.00%	-3.6%	Q2 2016
GOOGLAlphabet Inc.	$65.7M	1.59%	0.00%	+1.2%	Q4 2015
APHAmphenol Corp	$65.1M	1.58%	0.03%	+1.2%	Q2 2013
WCCWesco International Inc	$60.1M	1.46%	0.36%	-0.9%	Q1 2020
BRK.BBerkshire Hathaway Inc	$57.1M	1.38%	Not reported	+2.3%	Q2 2013
GOOGAlphabet Inc.	$54M	1.31%	Not reported	+3.3%	Q4 2015
LLYELI LILLY & Co	$53.3M	1.29%	0.00%	-1.4%	Q2 2013
JPMJPMorgan Chase & Co	$50.4M	1.22%	0.01%	+1.0%	Q2 2013
WMTWalmart Inc.	$45.9M	1.11%	0.01%	-3.2%	Q2 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$45.6M	1.10%	0.00%	+2.2%	Q3 2013
DELLDell Technologies Inc.	$42.4M	1.03%	0.02%	-1.5%	Q2 2013
AMZNAmazon Com Inc	$40.8M	0.99%	0.00%	+5.4%	Q2 2013
JNJJohnson & Johnson	$40.5M	0.98%	0.01%	+1.4%	Q2 2013
NVDANvidia Corp	$39.8M	0.97%	0.00%	+7.5%	Q2 2013
XOMExxonMobil Holdings Corp	$37M	0.90%	0.01%	+1.1%	Q2 2013
CSCOCisco Systems, Inc.	$35.4M	0.86%	0.01%	-1.1%	Q2 2013
PANWPalo Alto Networks Inc	$34.6M	0.84%	0.01%	+6.5%	Q3 2018
GSGoldman Sachs Group Inc	$32.9M	0.80%	0.01%	+0.5%	Q2 2013
TXNTexas Instruments Inc	$31.3M	0.76%	0.01%	+1.4%	Q2 2013
ORCLOracle Corp	$31M	0.75%	0.01%	+1.1%	Q2 2013
LOWLowes Companies Inc	$28.6M	0.69%	0.02%	+2.7%	Q2 2013
BRK.ABerkshire Hathaway Inc	$27.7M	0.67%	Not reported	-2.6%	Q2 2013
CVSCVS HEALTH Corp	$27.2M	0.66%	0.02%	+0.8%	Q2 2013
CATCaterpillar Inc	$26.7M	0.65%	0.01%	-2.5%	Q2 2013
EMREmerson Electric Co	$26.5M	0.64%	0.03%	+1.0%	Q2 2013
UNHUnitedhealth Group Inc	$26.2M	0.63%	0.01%	+0.7%	Q2 2013
ASMLAsml Holding NV	$25.1M	0.61%	0.00%	+2.2%	Q3 2013
BACBank of America Corp	$23.6M	0.57%	0.01%	+1.7%	Q2 2013
PEPPepsico Inc	$23.3M	0.56%	0.01%	+1.6%	Q2 2013
VVisa Inc.	$23.3M	0.56%	0.00%	-0.3%	Q2 2013
UNPUnion Pacific Corp	$22.4M	0.54%	0.01%	-0.1%	Q2 2013
RTXRTX Corp	$21.8M	0.53%	0.01%	-0.1%	Q3 2020
ABBVAbbVie Inc.	$21.6M	0.52%	0.00%	+4.3%	Q2 2013
APDAir Products & Chemicals, Inc.	$20.7M	0.50%	0.03%	+0.7%	Q2 2013
PGPROCTER & GAMBLE Co	$20M	0.48%	0.01%	+0.8%	Q2 2013
MCDMcdonalds Corp	$18.5M	0.45%	0.01%	+1.7%	Q2 2013
DOVDOVER Corp	$18.3M	0.44%	0.06%	-0.8%	Q2 2013
CVXChevron Corp	$18.3M	0.44%	0.01%	+0.4%	Q2 2013
COFCapital One Financial Corp	$17.7M	0.43%	0.01%	+2.6%	Q2 2013
METMetlife Inc	$16.8M	0.41%	0.03%	+0.3%	Q2 2013
USBUS Bancorp \de\	$16.6M	0.40%	0.02%	-1.4%	Q2 2013
ABTAbbott Laboratories	$16.6M	0.40%	0.01%	+2.9%	Q2 2013
COSTCostco Wholesale Corp	$16.4M	0.40%	0.00%	+0.4%	Q2 2013
LINLinde PLC	$16.2M	0.39%	0.01%	-0.9%	Q1 2019
ROSTRoss Stores, Inc.	$16.1M	0.39%	0.02%	-2.6%	Q2 2013
NUENucor Corp	$16M	0.39%	0.03%	-2.8%	Q2 2013

Q1 2026Reported Apr 23, 20261,586 positions
NNINelnet Inc	$153M	4.21%	Not reported	Not reported	Q2 2013
AAPLApple Inc.	$112M	3.08%	0.00%	+2.8%	Q2 2013
MSFTMicrosoft Corp	$101M	2.79%	0.00%	+4.0%	Q2 2013
AVGOBroadcom Inc.	$65.9M	1.82%	0.00%	-0.5%	Q2 2016
BRK.BBerkshire Hathaway Inc	$53.5M	1.47%	Not reported	+8.5%	Q2 2013
GOOGLAlphabet Inc.	$52.2M	1.44%	0.00%	+1.1%	Q4 2015
WMTWalmart Inc.	$52M	1.44%	0.01%	-2.7%	Q2 2013
WCCWesco International Inc	$48M	1.33%	0.36%	-1.8%	Q1 2020
APHAmphenol Corp	$46.1M	1.27%	0.03%	+2.6%	Q2 2013
XOMExxonMobil Holdings Corp	$45.3M	1.25%	0.01%	+0.7%	Q2 2013
JPMJPMorgan Chase & Co	$44.8M	1.24%	0.01%	+1.5%	Q2 2013
GOOGAlphabet Inc.	$42.5M	1.17%	Not reported	+3.2%	Q4 2015
LLYELI LILLY & Co	$41.4M	1.14%	0.00%	+1.6%	Q2 2013
AMDAdvanced Micro Devices Inc	$39.5M	1.09%	0.01%	+1.7%	Q2 2017
JNJJohnson & Johnson	$38.4M	1.06%	0.01%	+0.5%	Q2 2013
AMZNAmazon Com Inc	$33.9M	0.93%	0.00%	+7.0%	Q2 2013
NVDANvidia Corp	$32.3M	0.89%	0.00%	+3.9%	Q2 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$31.6M	0.87%	0.00%	+1.9%	Q3 2013
ORCLOracle Corp	$30.8M	0.85%	0.01%	+2.4%	Q2 2013
LOWLowes Companies Inc	$29.9M	0.83%	0.02%	+0.8%	Q2 2013
GSGoldman Sachs Group Inc	$27.4M	0.76%	0.01%	+1.5%	Q2 2013
BRK.ABerkshire Hathaway Inc	$27.3M	0.75%	Not reported	Not reported	Q2 2013
PEPPepsico Inc	$26.3M	0.73%	0.01%	+2.8%	Q2 2013
EMREmerson Electric Co	$24.1M	0.66%	0.03%	+0.9%	Q2 2013
CSCOCisco Systems, Inc.	$23.7M	0.65%	0.01%	+1.0%	Q2 2013
CVXChevron Corp	$22.7M	0.63%	0.01%	+0.6%	Q2 2013
RTXRTX Corp	$22.2M	0.61%	0.01%	-0.5%	Q3 2020
MCDMcdonalds Corp	$20.9M	0.58%	0.01%	+0.7%	Q2 2013
VVisa Inc.	$20.6M	0.57%	0.00%	+1.8%	Q2 2013
APDAir Products & Chemicals, Inc.	$20.4M	0.56%	0.03%	+0.4%	Q2 2013
TXNTexas Instruments Inc	$20.1M	0.55%	0.01%	+1.8%	Q2 2013
UNPUnion Pacific Corp	$20M	0.55%	0.01%	+3.0%	Q2 2013
BACBank of America Corp	$19.9M	0.55%	0.01%	+4.3%	Q2 2013
PGPROCTER & GAMBLE Co	$19.5M	0.54%	0.01%	+1.0%	Q2 2013
CVSCVS HEALTH Corp	$18.7M	0.52%	0.02%	+2.2%	Q2 2013
ABTAbbott Laboratories	$18.2M	0.50%	0.01%	+2.9%	Q2 2013
CATCaterpillar Inc	$18.2M	0.50%	0.01%	+2.2%	Q2 2013
ABBVAbbVie Inc.	$17.9M	0.49%	0.00%	+1.7%	Q2 2013
COSTCostco Wholesale Corp	$17.4M	0.48%	0.00%	-0.1%	Q2 2013
DOVDOVER Corp	$17.1M	0.47%	0.06%	-2.3%	Q2 2013
UNHUnitedhealth Group Inc	$16.9M	0.47%	0.01%	+1.6%	Q2 2013
ROSTRoss Stores, Inc.	$16.9M	0.47%	0.02%	-1.1%	Q2 2013
DELLDell Technologies Inc.	$16.4M	0.45%	0.02%	-0.5%	Q2 2013
ASMLAsml Holding NV	$16.3M	0.45%	0.00%	+3.7%	Q3 2013
COFCapital One Financial Corp	$15.7M	0.43%	0.01%	+1.7%	Q2 2013
WMWaste Management Inc	$15.7M	0.43%	0.02%	Not reported	Q2 2013
LINLinde PLC	$15.6M	0.43%	0.01%	-0.2%	Q1 2019
ENBEnbridge Inc	$15.5M	0.43%	0.01%	+2.5%	Q2 2013
PANWPalo Alto Networks Inc	$15.3M	0.42%	0.01%	+2.5%	Q3 2018
CRMSalesforce, Inc.	$15.1M	0.42%	0.01%	+43.1%	Q2 2013

Q4 2025Reported Feb 3, 20261,562 positions
NNINelnet Inc	$157M	4.35%	Not reported	+0.1%	Q2 2013
MSFTMicrosoft Corp	$127M	3.51%	0.00%	+1.3%	Q2 2013
AAPLApple Inc.	$116M	3.22%	0.00%	-1.9%	Q2 2013
AVGOBroadcom Inc.	$74.1M	2.05%	0.00%	-1.7%	Q2 2016
GOOGLAlphabet Inc.	$56.2M	1.55%	0.00%	+1.0%	Q4 2015
BRK.BBerkshire Hathaway Inc	$51.7M	1.43%	Not reported	+0.5%	Q2 2013
JPMJPMorgan Chase & Co	$48.4M	1.34%	0.01%	-11.3%	Q2 2013
APHAmphenol Corp	$48.1M	1.33%	0.03%	+0.1%	Q2 2013
WMTWalmart Inc.	$47.9M	1.32%	0.01%	-1.7%	Q2 2013
LLYELI LILLY & Co	$47.6M	1.32%	0.00%	-0.8%	Q2 2013
GOOGAlphabet Inc.	$45M	1.24%	Not reported	+0.9%	Q4 2015
WCCWesco International Inc	$43.7M	1.21%	0.37%	+0.3%	Q1 2020
AMDAdvanced Micro Devices Inc	$40.9M	1.13%	0.01%	-0.5%	Q2 2017
ORCLOracle Corp	$39.9M	1.10%	0.01%	+1.9%	Q2 2013
AMZNAmazon Com Inc	$35.1M	0.97%	0.00%	+12.8%	Q2 2013
NVDANvidia Corp	$33.3M	0.92%	0.00%	+3.5%	Q2 2013
JNJJohnson & Johnson	$32.4M	0.89%	0.01%	-0.4%	Q2 2013
XOMExxonMobil Holdings Corp	$31.9M	0.88%	0.01%	+0.9%	Q2 2013
LOWLowes Companies Inc	$30.3M	0.84%	0.02%	-0.5%	Q2 2013
BRK.ABerkshire Hathaway Inc	$28.7M	0.79%	Not reported	-5.0%	Q2 2013
GSGoldman Sachs Group Inc	$28.1M	0.78%	0.01%	+0.9%	Q2 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$27.9M	0.77%	0.00%	+1.9%	Q3 2013
EMREmerson Electric Co	$24.1M	0.67%	0.03%	+0.2%	Q2 2013
PEPPepsico Inc	$23.7M	0.65%	0.01%	-0.9%	Q2 2013
VVisa Inc.	$23.5M	0.65%	0.00%	-0.8%	Q2 2013
CSCOCisco Systems, Inc.	$23.3M	0.64%	0.01%	-0.2%	Q2 2013
ABTAbbott Laboratories	$21.6M	0.60%	0.01%	-0.7%	Q2 2013
BACBank of America Corp	$21.5M	0.59%	0.01%	+1.1%	Q2 2013
RTXRTX Corp	$21.2M	0.58%	0.01%	-0.6%	Q3 2020
COFCapital One Financial Corp	$20.5M	0.57%	0.01%	+1.2%	Q2 2013
MCDMcdonalds Corp	$20.4M	0.56%	0.01%	-1.8%	Q2 2013
UNHUnitedhealth Group Inc	$20.3M	0.56%	0.01%	-0.6%	Q2 2013
CVSCVS HEALTH Corp	$20.2M	0.56%	0.02%	+2.1%	Q2 2013
PGPROCTER & GAMBLE Co	$19.2M	0.53%	0.01%	-3.3%	Q2 2013
UNPUnion Pacific Corp	$18.5M	0.51%	0.01%	-1.8%	Q2 2013
ABBVAbbVie Inc.	$18.5M	0.51%	0.00%	-4.5%	Q2 2013
TXNTexas Instruments Inc	$17.6M	0.49%	0.01%	-0.9%	Q2 2013
APDAir Products & Chemicals, Inc.	$17.3M	0.48%	0.03%	-2.3%	Q2 2013
PANWPalo Alto Networks Inc	$17.1M	0.47%	0.01%	+2.6%	Q3 2018
CVXChevron Corp	$16.6M	0.46%	0.01%	-10.5%	Q2 2013
DOVDOVER Corp	$16.4M	0.45%	0.06%	-2.6%	Q2 2013
DISWalt Disney Co	$16.3M	0.45%	0.01%	-2.6%	Q2 2013
ROPRoper Technologies Inc	$15.5M	0.43%	0.03%	-0.5%	Q2 2013
METMetlife Inc	$15.4M	0.43%	0.03%	-0.6%	Q2 2013
AMPAmeriprise Financial Inc	$15.3M	0.42%	0.03%	-0.8%	Q2 2013
COSTCostco Wholesale Corp	$15.1M	0.42%	0.00%	+0.1%	Q2 2013
USBUS Bancorp \de\	$15.1M	0.42%	0.02%	-0.1%	Q2 2013
WMWaste Management Inc	$15M	0.42%	0.02%	-0.9%	Q2 2013
BLKBlackRock, Inc.	$15M	0.42%	0.01%	+0.8%	Q2 2013
CRMSalesforce, Inc.	$15M	0.41%	0.01%	+10.4%	Q2 2013

Q3 2025Reported Oct 17, 20251,560 positions
NNINelnet Inc	$148M	4.21%	Not reported	-1.6%	Q2 2013
MSFTMicrosoft Corp	$134M	3.81%	0.00%	-5.0%	Q2 2013
AAPLApple Inc.	$111M	3.15%	0.00%	-4.4%	Q2 2013
AVGOBroadcom Inc.	$71.8M	2.04%	0.00%	-5.6%	Q2 2016
ORCLOracle Corp	$56.4M	1.60%	0.01%	-8.0%	Q2 2013
JPMJPMorgan Chase & Co	$53.4M	1.51%	0.01%	+6.7%	Q2 2013
BRK.BBerkshire Hathaway Inc	$51.4M	1.46%	Not reported	+2.3%	Q2 2013
WMTWalmart Inc.	$45.1M	1.28%	0.01%	-4.4%	Q2 2013
APHAmphenol Corp	$44M	1.25%	0.03%	-6.5%	Q2 2013
GOOGLAlphabet Inc.	$43.2M	1.23%	0.00%	-7.4%	Q4 2015
WCCWesco International Inc	$37.7M	1.07%	0.37%	-7.8%	Q1 2020
GOOGAlphabet Inc.	$34.6M	0.98%	Not reported	-2.6%	Q4 2015
LLYELI LILLY & Co	$34.1M	0.97%	0.00%	-3.2%	Q2 2013
NVDANvidia Corp	$32.2M	0.91%	0.00%	-9.3%	Q2 2013
LOWLowes Companies Inc	$31.7M	0.90%	0.02%	-3.3%	Q2 2013
AMDAdvanced Micro Devices Inc	$31.1M	0.88%	0.01%	-5.2%	Q2 2017
BRK.ABerkshire Hathaway Inc	$30.2M	0.86%	Not reported	-13.0%	Q2 2013
XOMExxonMobil Holdings Corp	$29.7M	0.84%	0.01%	-3.7%	Q2 2013
AMZNAmazon Com Inc	$29.6M	0.84%	0.00%	-10.3%	Q2 2013
JNJJohnson & Johnson	$29.1M	0.83%	0.01%	-7.1%	Q2 2013
GSGoldman Sachs Group Inc	$25.2M	0.71%	0.01%	+0.5%	Q2 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$25.1M	0.71%	0.00%	-11.7%	Q3 2013
EMREmerson Electric Co	$23.8M	0.67%	0.03%	-4.3%	Q2 2013
PEPPepsico Inc	$23.4M	0.66%	0.01%	-8.1%	Q2 2013
ABTAbbott Laboratories	$23.3M	0.66%	0.01%	-0.1%	Q2 2013
VVisa Inc.	$23M	0.65%	0.00%	-6.8%	Q2 2013
UNHUnitedhealth Group Inc	$21.4M	0.61%	0.01%	-5.8%	Q2 2013
PGPROCTER & GAMBLE Co	$21.3M	0.60%	0.01%	-4.4%	Q2 2013
CSCOCisco Systems, Inc.	$20.7M	0.59%	0.01%	-3.3%	Q2 2013
MCDMcdonalds Corp	$20.7M	0.59%	0.01%	-4.0%	Q2 2013
BACBank of America Corp	$19.9M	0.56%	0.01%	-5.5%	Q2 2013
ABBVAbbVie Inc.	$19.6M	0.55%	0.00%	-2.4%	Q2 2013
APDAir Products & Chemicals, Inc.	$19.5M	0.55%	0.03%	-3.5%	Q2 2013
RTXRTX Corp	$19.4M	0.55%	0.01%	-0.3%	Q3 2020
UNPUnion Pacific Corp	$19.2M	0.55%	0.01%	-3.4%	Q2 2013
CVXChevron Corp	$18.9M	0.54%	0.01%	+1.6%	Q2 2013
TXNTexas Instruments Inc	$18.9M	0.53%	0.01%	-1.2%	Q2 2013
CVSCVS HEALTH Corp	$18.8M	0.53%	0.02%	-6.4%	Q2 2013
PANWPalo Alto Networks Inc	$18.5M	0.52%	0.01%	-5.6%	Q3 2018
COFCapital One Financial Corp	$17.8M	0.50%	0.01%	-2.4%	Q2 2013
ROPRoper Technologies Inc	$17.5M	0.50%	0.03%	-8.3%	Q2 2013
DISWalt Disney Co	$16.8M	0.48%	0.01%	-6.9%	Q2 2013
BLKBlackRock, Inc.	$16.2M	0.46%	0.01%	-5.9%	Q2 2013
COSTCostco Wholesale Corp	$16.2M	0.46%	0.00%	+1.2%	Q2 2013
METMetlife Inc	$16.2M	0.46%	0.03%	-7.2%	Q2 2013
AMPAmeriprise Financial Inc	$15.5M	0.44%	0.03%	-0.8%	Q2 2013
WMWaste Management Inc	$15.2M	0.43%	0.02%	-4.3%	Q2 2013
SYKStryker Corp	$15M	0.43%	0.01%	-6.0%	Q2 2013
LINLinde PLC	$15M	0.43%	0.01%	-3.4%	Q1 2019
SYYSysco Corp	$14.7M	0.42%	0.04%	-4.6%	Q2 2013

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