Farmers & Merchants Investments Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Farmers & Merchants Investments Inc. reported 1,776 stock positions worth $3.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.0% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 4.8%) and Microsoft (MSFT, 4.0%). Compared with Q1 2024, it opened 89 new positions, sold out of 54, added to 210 and reduced 284. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale CVS Health (CVS, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LINCOLN, NE
- CIK
- 0001259969
- Portfolio Value
- $3.0B (Q2 2024)
- SEC Filing
- 0001140361-24-035730 ↗ filed Aug 5, 2024
Holdings Value
Holdings 1,776 stocks · $3.0B
| IVV iShares Core S&P 500 ETF | 6.98% | 382,448 | $209.3M | Add +1.7% |
| VEA Vanguard Ftse Developed ETF | 4.81% | 2,914,677 | $144.0M | Add +1.1% |
| MSFT Microsoft Corp. | 4.02% | 269,618 | $120.5M | Add +0.3% |
| NNI Nelnet Inc. Class A | 4.00% | 1,188,371 | $119.9M | Reduce -1.5% |
| IJR iShares Core S&P Small-Cap E | 3.45% | 968,208 | $103.3M | Add +2.9% |
| AAPL Apple Inc. | 3.25% | 462,890 | $97.5M | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 2.94% | 1,504,791 | $88.1M | Add +1.6% |
| VWO Vanguard Ftse Emerging Marke | 2.21% | 1,515,928 | $66.3M | Add +2.5% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 1.64% | 1,000,099 | $49.3M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 1.48% | 49,055 | $44.4M | Reduce -1.8% |
| BND Vanguard Total Bond Market | 1.43% | 596,362 | $43.0M | Add +6.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.38% | 101,765 | $41.4M | Add +2.8% |
| AVGO Broadcom Inc. | 1.28% | 23,924 | $38.4M | Reduce -2.1% |
| AMD Advanced Micro Devices | 1.12% | 207,253 | $33.6M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.11% | 164,325 | $33.2M | Reduce -0.2% |
| WMT Walmart Inc. | 1.08% | 478,901 | $32.4M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 1.08% | 63,295 | $32.2M | Reduce -0.4% |
| ORCL Oracle Corp. | 1.08% | 228,270 | $32.2M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 1.05% | 272,426 | $31.4M | Add +0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.04% | 51 | $31.2M | Reduce -3.8% |
| WCC Wesco International Inc. | 1.02% | 192,056 | $30.4M | Add +1.0% |
| LOW Lowe's Cos Inc. | 0.99% | 134,302 | $29.6M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.98% | 161,250 | $29.4M | Add +1.5% |
| PEP Pepsico Inc. | 0.96% | 173,865 | $28.7M | Add +2.9% |
| APH Amphenol Corp. Class A | 0.93% | 415,138 | $28.0M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 0.88% | 144,370 | $26.5M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.80% | 145,996 | $24.1M | Add +0.4% |
| ICLR Icon PLC | 0.79% | 75,513 | $23.7M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.79% | 161,850 | $23.7M | Add +0.2% |
| AMZN Amazon.com Inc. | 0.78% | 121,261 | $23.4M | Add +4.6% |
| ROP Roper Technologies Inc. | 0.76% | 40,452 | $22.8M | Add +1.4% |
| EMR Emerson Electric Co. | 0.70% | 191,138 | $21.1M | Add +1.5% |
| TXN Texas Instruments Inc. | 0.70% | 108,218 | $21.1M | Reduce -5.4% |
| UNP Union Pacific Corp. | 0.67% | 89,051 | $20.1M | Add +0.1% |
| ABT Abbott Laboratories | 0.64% | 184,442 | $19.2M | Add +0.7% |
| CVX Chevron Corp. | 0.63% | 121,073 | $18.9M | Reduce -1.7% |
| APD Air Products & Chemicals Inc. | 0.62% | 72,335 | $18.7M | Reduce -0.2% |
| MCD McDonald's Corp. | 0.62% | 72,605 | $18.5M | Add +0.5% |
| V Visa Inc. Class A | 0.61% | 70,199 | $18.4M | Reduce -0.0% |
| CVS CVS Health Corp. | 0.60% | 305,354 | $18.0M | Reduce -0.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.58% | 226,488 | $17.5M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 0.58% | 34,635 | $17.3M | Reduce -2.6% |
| BSV Vanguard Short-Term Bond ETF | 0.57% | 224,632 | $17.2M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.55% | 133,343 | $16.5M | Reduce -2.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 414,971 | $16.5M | Reduce -0.7% |
| VTIP Vanguard Short-Term Tips | 0.55% | 338,563 | $16.4M | Reduce -2.3% |
| DOV Dover Corp. | 0.54% | 90,447 | $16.3M | Reduce -0.1% |
| WM Waste Management Inc. | 0.52% | 73,707 | $15.7M | Reduce -0.2% |
| CMCSA Comcast Corp. Class A | 0.52% | 400,427 | $15.7M | Add +1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.52% | 156,953 | $15.6M | Add +1.8% |
| ABBV Abbvie Inc. | 0.51% | 89,791 | $15.4M | Add +1.0% |
| OXY Occidental Petroleum Corp. | 0.51% | 243,801 | $15.4M | Add +0.8% |
| SYK Stryker Corp. | 0.51% | 45,108 | $15.3M | Reduce -0.3% |
| HON Honeywell International Inc. | 0.51% | 70,901 | $15.1M | Add +1.0% |
| LIN Linde PLC | 0.50% | 34,205 | $15.0M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 0.50% | 312,858 | $14.9M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.49% | 17,379 | $14.8M | Reduce -5.7% |
| IWM iShares Russell 2000 ETF | 0.49% | 72,593 | $14.7M | Reduce -0.3% |
| DELL Dell Technologies -C | 0.48% | 105,200 | $14.5M | Reduce -0.9% |
| GS Goldman Sachs Group Inc. | 0.47% | 31,401 | $14.2M | Add +0.5% |
| AMP Ameriprise Financial Inc. | 0.47% | 33,203 | $14.2M | Reduce -2.2% |
| QCOM Qualcomm Inc. | 0.47% | 71,044 | $14.2M | Add +0.6% |
| AFL Aflac Inc. | 0.46% | 155,267 | $13.9M | Add +0.2% |
| SYY Sysco Corp. | 0.46% | 193,106 | $13.8M | Reduce -1.8% |
| MET Metlife Inc. | 0.44% | 189,901 | $13.3M | Add +1.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.44% | 75,555 | $13.1M | Add +52.2% |
| HD Home Depot Inc. | 0.44% | 37,994 | $13.1M | Add +2.6% |
| NUE Nucor Corp. | 0.42% | 80,535 | $12.7M | Reduce -2.2% |
| ROST Ross Stores Inc. | 0.42% | 87,459 | $12.7M | Reduce -3.6% |
| COF Capital One Financial Corp. | 0.42% | 90,033 | $12.5M | Add +0.5% |
| FISV Fiserv Inc. | 0.41% | 83,109 | $12.4M | Reduce -0.4% |
| MDLZ Mondelez International Inc. Class A | 0.40% | 185,316 | $12.1M | Reduce -2.0% |
| COP Conocophillips | 0.40% | 106,016 | $12.1M | Add +0.2% |
| ADP Automatic Data Processing | 0.40% | 50,395 | $12.0M | Add +0.2% |
| PANW Palo Alto Networks Inc. | 0.40% | 34,923 | $11.8M | Add +45.5% |
| RTX RTX Corp. | 0.39% | 117,843 | $11.8M | Reduce -0.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.39% | 149,836 | $11.6M | Add +1.3% |
| WFC Wells Fargo & Co. | 0.38% | 192,528 | $11.4M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 0.38% | 273,869 | $11.3M | Add +0.6% |
| ENB Enbridge Inc. | 0.37% | 312,942 | $11.1M | Add +3.8% |
| MDT Medtronic PLC | 0.36% | 138,436 | $10.9M | Reduce -1.2% |
| SBUX Starbucks Corp. | 0.36% | 138,295 | $10.8M | Add +0.3% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 112,910 | $10.4M | Add +1.1% |
| NKE Nike Inc. Class B | 0.34% | 134,093 | $10.1M | Add +2.8% |
| BLK BlackRock Finance Inc. | 0.34% | 12,807 | $10.1M | Add +0.3% |
| USB US Bancorp | 0.34% | 253,138 | $10.0M | Reduce -4.8% |
| IWP iShares Russell Mid-Cap Grow | 0.33% | 90,685 | $10.0M | Reduce 0.0% |
| DHR Danaher Corp. | 0.33% | 39,004 | $9.7M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 86,686 | $9.5M | Add +0.3% |
| ITW Illinois Tool Works | 0.31% | 39,445 | $9.3M | Add +0.2% |
| PYPL PayPal Holdings Inc. | 0.31% | 160,352 | $9.3M | Add +2.1% |
| MBB iShares MBS ETF | 0.31% | 100,541 | $9.2M | Add +19.3% |
| BAH Booz Allen Hamilton Holdings | 0.31% | 59,911 | $9.2M | Add +0.4% |
| AME Ametek Inc. | 0.30% | 54,781 | $9.1M | Reduce -0.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.30% | 9,940 | $9.0M | Add +0.7% |
| CAT Caterpillar Inc. | 0.30% | 26,851 | $8.9M | Add +0.5% |
| NVDA Nvidia Corp. | 0.30% | 71,993 | $8.9M | Reduce -0.1% |
| TGT Target Corp. | 0.29% | 59,045 | $8.7M | Add +0.7% |
| AMGN Amgen Inc. | 0.27% | 26,288 | $8.2M | Add +0.3% |
| ITT Itt Inc. | 0.27% | 61,859 | $8.0M | Reduce -2.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $45K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 1,104 | $45K | No change |
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q1 2024 → Q2 2024
| CVS CVS Health Corp. | Reduce -0.7% | 0.60% | −0.23 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 0.99% | −0.18 |
| BMY Bristol-Myers Squibb Co. | Reduce -30.6% | 0.14% | −0.13 |
| NUE Nucor Corp. | Reduce -2.2% | 0.42% | −0.13 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -3.8% | 1.04% | −0.09 |
| CARR Carrier Global Corp. | Reduce -59.2% | 0.06% | −0.08 |
| SYY Sysco Corp. | Reduce -1.8% | 0.46% | −0.08 |
| ICLR Icon PLC | Reduce -0.1% | 0.79% | −0.07 |
| USB US Bancorp | Reduce -4.8% | 0.34% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -2.9% | 0.55% | −0.06 |
| MMM 3M Co. | Reduce -43.4% | 0.06% | −0.05 |
| MDT Medtronic PLC | Reduce -1.2% | 0.36% | −0.05 |
| V Visa Inc. Class A | Reduce -0.0% | 0.61% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.0% | 0.40% | −0.04 |
| LIN Linde PLC | Reduce -1.1% | 0.50% | −0.04 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -1.1% | 1.64% | −0.04 |
| FISV Fiserv Inc. | Reduce -0.4% | 0.41% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -0.9% | 0.50% | −0.04 |
| SYK Stryker Corp. | Reduce -0.3% | 0.51% | −0.04 |
| AME Ametek Inc. | Reduce -0.2% | 0.30% | −0.03 |
| PSX Phillips 66 | Reduce -1.1% | 0.18% | −0.03 |
| AMP Ameriprise Financial Inc. | Reduce -2.2% | 0.47% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -0.3% | 0.49% | −0.03 |
| ROST Ross Stores Inc. | Reduce -3.6% | 0.42% | −0.03 |
| BKH Black Hills Corp. | Reduce -17.2% | 0.11% | −0.03 |
| CVX Chevron Corp. | Reduce -1.7% | 0.63% | −0.02 |
| ITT Itt Inc. | Reduce -2.2% | 0.27% | −0.02 |
| GIS General Mills Inc. | Reduce -0.5% | 0.16% | −0.02 |
| AZO AutoZone Inc. | Reduce -6.4% | 0.13% | −0.02 |
| FTS Fortis Inc. | Reduce -11.3% | 0.12% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -0.3% | 0.11% | −0.02 |
| SO The Southern Co. | Reduce -38.3% | 0.03% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -11.3% | 0.08% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce 0.0% | 0.33% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -0.4% | 0.19% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -8.3% | 0.11% | −0.01 |
| UPS United Parcel Service Class B | Reduce -0.9% | 0.13% | −0.01 |
| HBI Hanesbrands Inc. | Reduce -17.0% | 0.03% | −0.01 |
| VTIP Vanguard Short-Term Tips | Reduce -2.3% | 0.55% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -23.2% | 0.04% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.1% | 0.13% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 0.09% | −0.01 |
| CSX CSX Corp. | Reduce -3.7% | 0.06% | −0.01 |
| ACVU Hartford Alpha Cap Val ETF | Sold out | 0.00% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -3.3% | 0.16% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -13.7% | 0.06% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -2.6% | 0.01% | −0.01 |
| SOLV Solventum Corp. | Reduce -55.2% | 0.01% | −0.01 |
| WM Waste Management Inc. | Reduce -0.2% | 0.52% | −0.01 |
| SAIC Science Applications Inte | Reduce -5.0% | 0.04% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +0.3% | 3.25% | +0.58 |
| IVV iShares Core S&P 500 ETF | Add +1.7% | 6.98% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +52.2% | 0.44% | +0.21 |
| MSFT Microsoft Corp. | Add +0.3% | 4.02% | +0.20 |
| GOOGL Alphabet Inc. Class A | Add +1.5% | 0.98% | +0.17 |
| PANW Palo Alto Networks Inc. | Add +45.5% | 0.40% | +0.16 |
| VWO Vanguard Ftse Emerging Marke | Add +2.5% | 2.21% | +0.13 |
| WMT Walmart Inc. | Add +1.1% | 1.08% | +0.12 |
| AMZN Amazon.com Inc. | Add +4.6% | 0.78% | +0.08 |
| HII Huntington Ingalls Industrie | Add +31639.3% | 0.07% | +0.07 |
| PPG PPG Industries Inc. | Add +10763.9% | 0.07% | +0.07 |
| QCOM Qualcomm Inc. | Add +0.6% | 0.47% | +0.07 |
| BND Vanguard Total Bond Market | Add +6.0% | 1.43% | +0.05 |
| GNMA iShares Gnma Bond ETF | Add +31.3% | 0.23% | +0.05 |
| NEE Nextera Energy Inc. | Add +16.9% | 0.22% | +0.05 |
| MBB iShares MBS ETF | Add +19.3% | 0.31% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +72.4% | 0.09% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +0.5% | 0.47% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +1.1% | 0.35% | +0.03 |
| VT Vanguard Tot World STK ETF | New | 0.03% | +0.03 |
| MTB M & T Bank Corp. | Add +4193.7% | 0.02% | +0.02 |
| VKTX Viking Therapeutics Inc. | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | Add +0.3% | 0.27% | +0.02 |
| TJX TJX Companies Inc. | Add +0.3% | 0.32% | +0.02 |
| PFF iShares Preferred & Income S | Add +1175.6% | 0.02% | +0.02 |
| HON Honeywell International Inc. | Add +1.0% | 0.51% | +0.02 |
| O Realty Income Corp. | Add +13.4% | 0.19% | +0.02 |
| DLR Digital Realty Trust Inc. | Add +2.4% | 0.25% | +0.02 |
| NVS Novartis AG-Sponsored ADR | Add +0.6% | 0.16% | +0.01 |
| AFL Aflac Inc. | Add +0.2% | 0.46% | +0.01 |
| DVY iShares Select Dividend ETF | Add +3331.3% | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +111.2% | 0.02% | +0.01 |
| KMB Kimberly-Clark Corp. | Add +0.1% | 0.20% | +0.01 |
| KO The Coca-Cola Co. | Add +1.2% | 0.25% | +0.01 |
| MPLX MPLX LP | Add +269.9% | 0.01% | +0.01 |
| BAH Booz Allen Hamilton Holdings | Add +0.4% | 0.31% | +0.01 |
| LRCX Lam Research Corp. | Add +2.9% | 0.08% | +0.01 |
| BN Brookfield Corp. | New | 0.01% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +23.1% | 0.03% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 0.22% | +0.01 |
| CL Colgate-Palmolive Co. | Add +0.2% | 0.12% | +0.01 |
| PM Philip Morris International | Add +19.3% | 0.03% | +0.01 |
| C Citigroup Inc. | Add +5.3% | 0.16% | +0.01 |
| GM General Motors Co. | Add +135.3% | 0.01% | +0.01 |
| MKL Markel Group Inc. | New | 0.01% | +0.01 |
| FDX FedEx Corp. | Add +0.3% | 0.26% | +0.01 |
| PG The Procter & Gamble Co. | Add +0.4% | 0.80% | +0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +44.0% | 0.02% | +0.01 |
| META Meta Platforms Inc. Class A | Add +15.3% | 0.04% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | Add +538.0% | 0.01% | +0.01 |
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 |