Farmers & Merchants Investments Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 20, 2026), Farmers & Merchants Investments Inc. reported 1,758 stock positions worth $4.1 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.1% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 6.5%) and iShares Core S&P Small-Cap E (IJR, 4.0%). Compared with Q1 2026, it opened 55 new positions, sold out of 58, added to 185 and reduced 401. The biggest buy was Palo Alto Networks (PANW, shares +7%) and the biggest sale Nelnet Class A (NNI, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- LINCOLN, NE
- CIK
- 0001259969
- Portfolio Value
- $4.1B (Q2 2026)
- SEC Filing
- 0001140361-26-028983 ↗ filed Jul 20, 2026
Holdings Value
Holdings 1,758 stocks · $4.1B
| IVV iShares Core S&P 500 ETF | 7.09% | 390,589 | $292.5M | Add +0.7% |
| VEA Vanguard Ftse Developed ETF | 6.48% | 3,755,844 | $267.6M | Add +2.9% |
| IJR iShares Core S&P Small-Cap E | 4.01% | 1,116,608 | $165.6M | Reduce -8.0% |
| NNI Nelnet Inc. Class A | 3.81% | 1,179,351 | $157.2M | Reduce -0.4% |
| IJH iShares Core S&P Midcap ETF | 3.62% | 1,938,937 | $149.5M | Add +2.9% |
| AAPL Apple Inc. | 3.14% | 447,308 | $129.4M | Add +1.6% |
| AMD Advanced Micro Devices | 2.72% | 193,518 | $112.4M | Reduce -0.4% |
| MSFT Microsoft Corp. | 2.55% | 282,623 | $105.4M | Add +3.5% |
| VWO Vanguard Ftse Emerging Marke | 1.92% | 1,326,765 | $79.2M | Reduce -7.0% |
| AVGO Broadcom Inc. | 1.88% | 205,311 | $77.6M | Reduce -3.6% |
| GOOGL Alphabet Inc. Class A | 1.59% | 183,721 | $65.7M | Add +1.2% |
| APH Amphenol Corp. Class A | 1.58% | 369,201 | $65.1M | Add +1.2% |
| WCC Wesco International Inc. | 1.46% | 174,057 | $60.1M | Reduce -0.9% |
| BND Vanguard Total Bond Market | 1.45% | 813,345 | $59.7M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.38% | 114,155 | $57.1M | Add +2.3% |
| GOOG Alphabet Inc. Class C | 1.31% | 152,949 | $54.0M | Add +3.3% |
| LLY Eli Lilly & Co. | 1.29% | 44,397 | $53.3M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.22% | 153,996 | $50.4M | Add +1.0% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 1.20% | 982,350 | $49.5M | Add +1.2% |
| WMT Walmart Inc. | 1.11% | 405,094 | $45.9M | Reduce -3.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.10% | 95,452 | $45.6M | Add +2.2% |
| DELL Dell Technologies -C | 1.03% | 98,373 | $42.4M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.99% | 171,378 | $40.8M | Add +5.4% |
| JNJ Johnson & Johnson | 0.98% | 159,376 | $40.5M | Add +1.4% |
| NVDA Nvidia Corp. | 0.97% | 199,159 | $39.8M | Add +7.5% |
| XOM Exxon Mobil Corp. | 0.90% | 270,273 | $37.0M | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.86% | 301,674 | $35.4M | Reduce -1.1% |
| PANW Palo Alto Networks Inc. | 0.84% | 101,488 | $34.6M | Add +6.5% |
| GS Goldman Sachs Group Inc. | 0.80% | 32,556 | $32.9M | Add +0.5% |
| TXN Texas Instruments Inc. | 0.76% | 104,902 | $31.3M | Add +1.4% |
| ORCL Oracle Corp. | 0.75% | 211,699 | $31.0M | Add +1.1% |
| LOW Lowe's Cos Inc. | 0.69% | 129,937 | $28.6M | Add +2.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.67% | 37 | $27.7M | Reduce -2.6% |
| CVS CVS Health Corp. | 0.66% | 262,608 | $27.2M | Add +0.8% |
| CAT Caterpillar Inc. | 0.65% | 25,053 | $26.7M | Reduce -2.5% |
| EMR Emerson Electric Co. | 0.64% | 185,400 | $26.5M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.63% | 63,018 | $26.2M | Add +0.7% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.61% | 12,630 | $25.1M | Add +2.2% |
| VOO Vanguard S&P 500 ETF | 0.61% | 36,563 | $25.1M | Add +0.8% |
| BAC Bank of America Corp. | 0.57% | 414,377 | $23.6M | Add +1.7% |
| PEP Pepsico Inc. | 0.56% | 172,175 | $23.3M | Add +1.6% |
| V Visa Inc. Class A | 0.56% | 67,906 | $23.3M | Reduce -0.3% |
| UNP Union Pacific Corp. | 0.54% | 82,218 | $22.4M | Reduce -0.1% |
| RTX RTX Corp. | 0.53% | 114,759 | $21.8M | Reduce -0.1% |
| IWM iShares Russell 2000 ETF | 0.53% | 72,308 | $21.7M | Add +0.2% |
| ABBV Abbvie Inc. | 0.52% | 85,666 | $21.6M | Add +4.3% |
| APD Air Products & Chemicals Inc. | 0.50% | 70,728 | $20.7M | Add +0.7% |
| PG The Procter & Gamble Co. | 0.48% | 136,436 | $20.0M | Add +0.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.48% | 251,560 | $19.9M | Reduce -7.6% |
| MCD McDonald's Corp. | 0.45% | 68,407 | $18.5M | Add +1.7% |
| DOV Dover Corp. | 0.44% | 81,499 | $18.3M | Reduce -0.8% |
| CVX Chevron Corp. | 0.44% | 110,157 | $18.3M | Add +0.4% |
| COF Capital One Financial Corp. | 0.43% | 88,390 | $17.7M | Add +2.6% |
| VTIP Vanguard Short-Term Tips | 0.41% | 335,679 | $16.9M | Reduce -3.7% |
| MET Metlife Inc. | 0.41% | 198,029 | $16.8M | Add +0.3% |
| USB US Bancorp | 0.40% | 275,473 | $16.6M | Reduce -1.4% |
| ABT Abbott Laboratories | 0.40% | 182,692 | $16.6M | Add +2.9% |
| COST Costco Wholesale Corp. | 0.40% | 17,524 | $16.4M | Add +0.3% |
| LIN Linde PLC | 0.39% | 31,198 | $16.2M | Reduce -0.9% |
| ROST Ross Stores Inc. | 0.39% | 75,872 | $16.1M | Reduce -2.6% |
| NUE Nucor Corp. | 0.39% | 71,960 | $16.0M | Reduce -2.8% |
| ENB Enbridge Inc. | 0.38% | 292,885 | $15.9M | Add +2.0% |
| CRM Salesforce Inc. | 0.38% | 100,581 | $15.8M | Add +24.1% |
| IVW iShares S&P 500 Growth ETF | 0.37% | 111,546 | $15.3M | Reduce -3.3% |
| WM Waste Management Inc. | 0.37% | 68,281 | $15.2M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 0.37% | 117,788 | $15.1M | Reduce -0.3% |
| SBUX Starbucks Corp. | 0.36% | 144,591 | $14.8M | Add +1.5% |
| GNMA iShares Gnma Bond ETF | 0.35% | 330,244 | $14.6M | Add +3.0% |
| SYY Sysco Corp. | 0.35% | 173,992 | $14.5M | Reduce -1.0% |
| ICLR Icon PLC filed as ICON PUB LTD CO | 0.35% | 82,928 | $14.4M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.35% | 148,428 | $14.3M | Add +1.4% |
| AFL Aflac Inc. | 0.35% | 121,837 | $14.3M | Reduce -0.5% |
| MBB iShares MBS ETF | 0.34% | 149,687 | $14.1M | Add +2.7% |
| BLK BlackRock Inc. | 0.33% | 14,312 | $13.8M | Add +1.0% |
| IWP iShares Russell Mid-Cap Grow | 0.33% | 93,272 | $13.7M | Reduce -0.2% |
| AMP Ameriprise Financial Inc. | 0.33% | 29,691 | $13.6M | Reduce -3.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.33% | 169,455 | $13.6M | Reduce -2.2% |
| BSV Vanguard Short-Term Bond ETF | 0.32% | 168,486 | $13.1M | Add +0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 82,849 | $12.6M | Add +0.0% |
| SYK Stryker Corp. | 0.30% | 39,439 | $12.4M | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 0.30% | 21,757 | $12.3M | Add +10.4% |
| QCOM Qualcomm Inc. | 0.30% | 66,047 | $12.2M | Reduce -0.7% |
| WFC Wells Fargo & Co. | 0.29% | 146,477 | $12.1M | Reduce -2.5% |
| EW Edwards Lifesciences Corp. | 0.29% | 133,747 | $12.1M | Add +4.5% |
| VZ Verizon Communications Inc. | 0.29% | 284,410 | $12.0M | Add +2.4% |
| ITT Itt Inc. | 0.29% | 60,772 | $12.0M | Add +2.6% |
| ROP Roper Technologies Inc. | 0.29% | 35,448 | $12.0M | Reduce -1.8% |
| GWW WW Grainger Inc. | 0.27% | 8,301 | $11.3M | Reduce -0.1% |
| OXY Occidental Petroleum Corp. | 0.27% | 227,248 | $11.0M | Reduce -1.9% |
| HD Home Depot Inc. | 0.26% | 29,919 | $10.6M | Reduce -1.1% |
| MDT Medtronic PLC | 0.25% | 133,089 | $10.4M | Reduce -1.4% |
| COP Conocophillips | 0.25% | 99,465 | $10.3M | Add +0.0% |
| ADP Automatic Data Processing | 0.25% | 45,900 | $10.3M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 0.25% | 117,021 | $10.3M | Add +1.2% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 176,009 | $10.2M | Reduce -0.1% |
| ITW Illinois Tool Works | 0.24% | 36,414 | $9.8M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 12,691 | $9.5M | Add +1.3% |
| KO The Coca-Cola Co. | 0.23% | 115,698 | $9.4M | Add +1.7% |
| JCI Johnson Controls Internation | 0.23% | 64,239 | $9.4M | Add +4.0% |
| AMGN Amgen Inc. | 0.22% | 25,625 | $9.3M | Reduce -0.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $11K (not counted above)
Total filed on the 13F, all lines: $4.1B.
Portfolio Sells Q1 2026 → Q2 2026
| NNI Nelnet Inc. Class A | Reduce -0.4% | 3.81% | −0.40 |
| WMT Walmart Inc. | Reduce -3.2% | 1.11% | −0.32 |
| VWO Vanguard Ftse Emerging Marke | Reduce -7.0% | 1.92% | −0.21 |
| HON Honeywell International Inc. | Reduce -0.7% | 0.13% | −0.18 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.0% | 4.01% | −0.15 |
| OXY Occidental Petroleum Corp. | Reduce -1.9% | 0.27% | −0.15 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -7.6% | 0.48% | −0.11 |
| PYPL PayPal Holdings Inc. | Reduce -49.1% | 0.08% | −0.11 |
| RTX RTX Corp. | Reduce -0.1% | 0.53% | −0.08 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -2.6% | 0.67% | −0.08 |
| ROST Ross Stores Inc. | Reduce -2.6% | 0.39% | −0.07 |
| VTIP Vanguard Short-Term Tips | Reduce -3.7% | 0.41% | −0.07 |
| BAH Booz Allen Hamilton Holdings | Reduce -2.8% | 0.14% | −0.07 |
| MDT Medtronic PLC | Reduce -1.4% | 0.25% | −0.07 |
| SYK Stryker Corp. | Reduce -2.3% | 0.30% | −0.07 |
| WM Waste Management Inc. | Reduce -0.2% | 0.37% | −0.07 |
| FDX FedEx Corp. | Reduce -1.7% | 0.20% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -1.8% | 0.29% | −0.06 |
| ALB Albemarle Corp. | Reduce -0.9% | 0.11% | −0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -2.2% | 0.33% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -11.1% | 0.10% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -3.4% | 0.33% | −0.05 |
| SLB SLB Ltd. | Reduce -1.1% | 0.15% | −0.04 |
| ZTS Zoetis Inc. | Reduce -12.5% | 0.04% | −0.04 |
| LIN Linde PLC | Reduce -0.9% | 0.39% | −0.04 |
| INGR Ingredion Inc. | Reduce -70.3% | 0.01% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -2.5% | 0.29% | −0.04 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.11% | −0.04 |
| KHC The Kraft Heinz Co. | Reduce -58.3% | 0.02% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.1% | 0.25% | −0.03 |
| PSX Phillips 66 | Reduce -0.1% | 0.15% | −0.03 |
| DUK Duke Energy Corp. | Reduce -0.0% | 0.17% | −0.03 |
| DOV Dover Corp. | Reduce -0.8% | 0.44% | −0.03 |
| AMGN Amgen Inc. | Reduce -0.7% | 0.22% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 0.37% | −0.03 |
| ITW Illinois Tool Works | Reduce -0.9% | 0.24% | −0.03 |
| AFL Aflac Inc. | Reduce -0.5% | 0.35% | −0.02 |
| DHR Danaher Corp. | Reduce -0.1% | 0.16% | −0.02 |
| T AT&T Inc. | Reduce -6.6% | 0.03% | −0.02 |
| HONA Honeywell Aerospace Inc. | Reduce -0.7% | 0.13% | −0.02 |
| HD Home Depot Inc. | Reduce -1.1% | 0.26% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.1% | 0.09% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -1.1% | 0.07% | −0.02 |
| GIS General Mills Inc. | Reduce -12.4% | 0.04% | −0.02 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.4% | 0.14% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -32.9% | 0.03% | −0.02 |
| GLD SPDR Gold Shares | Reduce -1.3% | 0.04% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -1.9% | 0.07% | −0.01 |
| DOW Dow Inc. | Reduce -3.3% | 0.02% | −0.01 |
| AZO AutoZone Inc. | Reduce -2.9% | 0.05% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| PANW Palo Alto Networks Inc. | Add +6.5% | 0.84% | +0.42 |
| APH Amphenol Corp. Class A | Add +1.2% | 1.58% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.2% | 1.10% | +0.23 |
| TXN Texas Instruments Inc. | Add +1.4% | 0.76% | +0.20 |
| CPAY Corpay Inc. | Add +43168.6% | 0.18% | +0.18 |
| NRC NRC Health | Add +330549.0% | 0.17% | +0.17 |
| UNH Unitedhealth Group Inc. | Add +0.7% | 0.63% | +0.17 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.2% | 0.61% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 1.59% | +0.15 |
| CVS CVS Health Corp. | Add +0.8% | 0.66% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +3.3% | 1.31% | +0.14 |
| IJH iShares Core S&P Midcap ETF | Add +2.9% | 3.62% | +0.11 |
| SFM Sprouts Farmers Market Inc. | Add +56067.1% | 0.10% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +0.7% | 7.09% | +0.10 |
| LRCX Lam Research Corp. | Add +0.5% | 0.20% | +0.09 |
| NVDA Nvidia Corp. | Add +7.5% | 0.97% | +0.07 |
| NJR New Jersey Resources Corp. | Add +55494.1% | 0.06% | +0.06 |
| AMZN Amazon.com Inc. | Add +5.4% | 0.99% | +0.06 |
| AAPL Apple Inc. | Add +1.6% | 3.14% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +0.5% | 0.80% | +0.04 |
| INTC Intel Corp. | Add +1.4% | 0.06% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +0.2% | 0.53% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +2.9% | 6.48% | +0.03 |
| ABBV Abbvie Inc. | Add +4.3% | 0.52% | +0.03 |
| BAC Bank of America Corp. | Add +1.7% | 0.57% | +0.02 |
| MET Metlife Inc. | Add +0.3% | 0.41% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +0.8% | 0.61% | +0.01 |
| EW Edwards Lifesciences Corp. | Add +4.5% | 0.29% | +0.01 |
| GE General Electric | Add +0.3% | 0.07% | +0.01 |
| D Dominion Energy Inc. | Add +34.2% | 0.03% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +5.3% | 0.07% | +0.01 |
| SBUX Starbucks Corp. | Add +1.5% | 0.36% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +12.0% | 0.04% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.3% | 0.23% | +0.00 |
| FRT Federal Realty Invs Trust | Add +3.0% | 0.09% | +0.00 |
| JCI Johnson Controls Internation | Add +4.0% | 0.23% | +0.00 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.00% | +0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +52.6% | 0.01% | +0.00 |
| MRVL Marvell Technology Inc. | New | 0.00% | +0.00 |
| IYZ iShares US Telecommunication | New | 0.00% | +0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.00% | +0.00 |
| ETN Eaton Corp. PLC | Add +0.4% | 0.04% | +0.00 |
| IYJ iShares U.S. Industrials ETF | New | 0.00% | +0.00 |
| IYM iShares U.S. Basic Materials | Add +236.8% | 0.00% | +0.00 |
| IYE iShares U.S. Energy ETF | New | 0.00% | +0.00 |
| FTNT Fortinet Inc. | Add +18.3% | 0.00% | +0.00 |
| STRL Sterling Infrastructure Inc. | Add +222.2% | 0.00% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.1% | 0.00% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Add +0.5% | 0.08% | +0.00 |
| UMBF Umb Financial Corp. | Add +0.1% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,758 | $4.1B | IVV, VEA, IJR, NNI, IJH |
| Q1 2026 | 1,758 | $3.6B | IVV, VEA, NNI, IJR, IJH |
| Q4 2025 | 1,719 | $3.6B | IVV, VEA, NNI, IJR, MSFT |
| Q3 2025 | 1,736 | $3.5B | IVV, VEA, NNI, IJR, MSFT |
| Q2 2025 | 1,728 | $3.4B | IVV, VEA, NNI, MSFT, IJR |
| Q1 2025 | 1,746 | $3.1B | IVV, VEA, NNI, IJR, MSFT |
| Q4 2024 | 1,773 | $3.2B | IVV, VEA, NNI, MSFT, IJR |
| Q3 2024 | 1,791 | $3.2B | IVV, VEA, NNI, MSFT, IJR |
| Q2 2024 | 1,776 | $3.0B | IVV, VEA, MSFT, NNI, IJR |
| Q1 2024 | 1,739 | $3.0B | IVV, VEA, NNI, MSFT, IJR |