Farmers & Merchants Investments Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), Farmers & Merchants Investments Inc. reported 1,791 stock positions worth $3.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.9% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 4.9%) and Nelnet Class A (NNI, 4.2%). Compared with Q2 2024, it opened 38 new positions, sold out of 24, added to 139 and reduced 240. The biggest buy was Nike Class B (NKE, shares +45%) and the biggest sale Eli Lilly (LLY, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LINCOLN, NE
- CIK
- 0001259969
- Portfolio Value
- $3.2B (Q3 2024)
- SEC Filing
- 0001140361-24-044228 ↗ filed Oct 25, 2024
Holdings Value
Holdings 1,791 stocks · $3.2B
| IVV iShares Core S&P 500 ETF | 6.90% | 384,535 | $221.8M | Add +0.6% |
| VEA Vanguard Ftse Developed ETF | 4.86% | 2,959,328 | $156.3M | Add +1.5% |
| NNI Nelnet Inc. Class A | 4.16% | 1,181,819 | $133.9M | Reduce -0.6% |
| MSFT Microsoft Corp. | 3.65% | 273,072 | $117.5M | Add +1.3% |
| IJR iShares Core S&P Small-Cap E | 3.58% | 983,872 | $115.1M | Add +1.6% |
| AAPL Apple Inc. | 3.39% | 468,522 | $109.2M | Add +1.2% |
| IJH iShares Core S&P Midcap ETF | 2.96% | 1,528,869 | $95.3M | Add +1.6% |
| VWO Vanguard Ftse Emerging Marke | 2.29% | 1,540,354 | $73.7M | Add +1.6% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 1.59% | 1,012,704 | $51.1M | Add +1.3% |
| BND Vanguard Total Bond Market | 1.47% | 630,458 | $47.4M | Add +5.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.46% | 102,011 | $47.0M | Add +0.2% |
| LLY Eli Lilly & Co. | 1.32% | 48,004 | $42.5M | Reduce -2.1% |
| AVGO Broadcom Inc. | 1.27% | 236,760 | $40.8M | Reduce -1.0% |
| WMT Walmart Inc. | 1.21% | 480,266 | $38.8M | Add +0.3% |
| ORCL Oracle Corp. | 1.20% | 227,415 | $38.8M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 1.13% | 62,067 | $36.3M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 1.13% | 133,669 | $36.2M | Reduce -0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.12% | 52 | $35.9M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 1.09% | 166,561 | $35.1M | Add +1.4% |
| AMD Advanced Micro Devices | 1.05% | 206,367 | $33.9M | Reduce -0.4% |
| WCC Wesco International Inc. | 1.02% | 194,979 | $32.8M | Add +1.5% |
| XOM Exxon Mobil Corp. | 1.01% | 276,117 | $32.4M | Add +1.4% |
| PEP Pepsico Inc. | 0.92% | 174,192 | $29.6M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.85% | 164,772 | $27.3M | Add +2.2% |
| APH Amphenol Corp. Class A | 0.84% | 414,271 | $27.0M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.82% | 162,339 | $26.3M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.79% | 147,086 | $25.5M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.75% | 144,452 | $24.2M | Add +0.1% |
| AMZN Amazon.com Inc. | 0.74% | 126,936 | $23.7M | Add +4.7% |
| ICLR Icon PLC | 0.73% | 82,080 | $23.6M | Add +8.7% |
| ROP Roper Technologies Inc. | 0.71% | 41,251 | $23.0M | Add +2.0% |
| TXN Texas Instruments Inc. | 0.69% | 107,661 | $22.2M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.68% | 89,166 | $22.0M | Add +0.1% |
| MCD McDonald's Corp. | 0.68% | 71,660 | $21.8M | Reduce -1.3% |
| APD Air Products & Chemicals Inc. | 0.67% | 72,392 | $21.6M | Add +0.1% |
| EMR Emerson Electric Co. | 0.66% | 193,006 | $21.1M | Add +1.0% |
| ABT Abbott Laboratories | 0.65% | 183,281 | $20.9M | Reduce -0.6% |
| V Visa Inc. Class A | 0.62% | 72,449 | $19.9M | Add +3.2% |
| VOO Vanguard S&P 500 ETF | 0.57% | 34,680 | $18.3M | Add +0.1% |
| ABBV Abbvie Inc. | 0.56% | 91,090 | $18.0M | Add +1.4% |
| CVX Chevron Corp. | 0.55% | 119,660 | $17.6M | Reduce -1.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.54% | 219,560 | $17.4M | Reduce -3.1% |
| CVS CVS Health Corp. | 0.54% | 276,713 | $17.4M | Reduce -9.4% |
| DOV Dover Corp. | 0.54% | 90,633 | $17.4M | Add +0.2% |
| NKE Nike Inc. Class B | 0.53% | 194,101 | $17.2M | Add +44.8% |
| CMCSA Comcast Corp. Class A | 0.53% | 410,537 | $17.1M | Add +2.5% |
| AFL Aflac Inc. | 0.53% | 152,496 | $17.0M | Reduce -1.8% |
| CSCO Cisco Systems Inc. | 0.52% | 315,773 | $16.8M | Add +0.9% |
| IWM iShares Russell 2000 ETF | 0.51% | 74,105 | $16.4M | Add +2.1% |
| VTIP Vanguard Short-Term Tips | 0.51% | 331,695 | $16.4M | Reduce -2.0% |
| LIN Linde PLC | 0.50% | 33,855 | $16.1M | Reduce -1.0% |
| MET Metlife Inc. | 0.50% | 195,158 | $16.1M | Add +2.8% |
| SYK Stryker Corp. | 0.50% | 44,546 | $16.1M | Reduce -1.3% |
| BSV Vanguard Short-Term Bond ETF | 0.49% | 201,132 | $15.8M | Reduce -10.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 394,286 | $15.6M | Reduce -5.0% |
| GS Goldman Sachs Group Inc. | 0.48% | 31,348 | $15.5M | Reduce -0.2% |
| AMP Ameriprise Financial Inc. | 0.48% | 32,852 | $15.4M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 0.47% | 17,212 | $15.3M | Reduce -1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 158,215 | $15.2M | Add +0.8% |
| WM Waste Management Inc. | 0.47% | 73,257 | $15.2M | Reduce -0.6% |
| SYY Sysco Corp. | 0.47% | 192,204 | $15.0M | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.46% | 131,278 | $14.9M | Reduce -1.6% |
| HON Honeywell International Inc. | 0.46% | 71,876 | $14.9M | Add +1.4% |
| FISV Fiserv Inc. | 0.46% | 82,507 | $14.8M | Reduce -0.7% |
| HD Home Depot Inc. | 0.46% | 36,377 | $14.7M | Reduce -4.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.45% | 83,884 | $14.6M | Add +11.0% |
| RTX RTX Corp. | 0.45% | 118,158 | $14.3M | Add +0.3% |
| ADP Automatic Data Processing | 0.43% | 50,425 | $14.0M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.43% | 40,173 | $13.7M | Add +15.0% |
| MDLZ Mondelez International Inc. Class A | 0.42% | 185,316 | $13.7M | No change |
| SBUX Starbucks Corp. | 0.42% | 138,524 | $13.5M | Add +0.2% |
| COF Capital One Financial Corp. | 0.42% | 89,502 | $13.4M | Reduce -0.6% |
| ROST Ross Stores Inc. | 0.41% | 86,709 | $13.1M | Reduce -0.9% |
| PYPL PayPal Holdings Inc. | 0.40% | 163,582 | $12.8M | Add +2.0% |
| ENB Enbridge Inc. | 0.40% | 313,639 | $12.7M | Add +0.2% |
| OXY Occidental Petroleum Corp. | 0.40% | 247,093 | $12.7M | Add +1.4% |
| VZ Verizon Communications Inc. | 0.39% | 278,123 | $12.5M | Add +1.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.39% | 154,611 | $12.4M | Add +3.2% |
| MDT Medtronic PLC | 0.39% | 137,858 | $12.4M | Reduce -0.4% |
| BLK BlackRock Finance Inc. | 0.38% | 12,952 | $12.3M | Add +1.1% |
| DELL Dell Technologies -C | 0.38% | 103,200 | $12.2M | Reduce -1.9% |
| QCOM Qualcomm Inc. | 0.38% | 71,077 | $12.1M | Add +0.1% |
| NUE Nucor Corp. | 0.37% | 79,535 | $12.0M | Reduce -1.2% |
| IVW iShares S&P 500 Growth ETF | 0.36% | 122,166 | $11.7M | Add +8.2% |
| USB US Bancorp | 0.35% | 244,738 | $11.2M | Reduce -3.3% |
| COP Conocophillips | 0.35% | 105,777 | $11.1M | Reduce -0.2% |
| IWP iShares Russell Mid-Cap Grow | 0.34% | 93,780 | $11.0M | Add +3.4% |
| WFC Wells Fargo & Co. | 0.34% | 193,398 | $10.9M | Add +0.5% |
| DHR Danaher Corp. | 0.34% | 38,804 | $10.8M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.33% | 26,992 | $10.6M | Add +0.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.32% | 9,935 | $10.3M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 87,673 | $10.3M | Add +1.1% |
| ITW Illinois Tool Works | 0.32% | 38,973 | $10.2M | Reduce -1.2% |
| MBB iShares MBS ETF | 0.32% | 106,344 | $10.2M | Add +5.8% |
| BAH Booz Allen Hamilton Holdings | 0.30% | 59,666 | $9.7M | Reduce -0.4% |
| AME Ametek Inc. | 0.29% | 55,193 | $9.5M | Add +0.8% |
| NEE Nextera Energy Inc. | 0.29% | 109,927 | $9.3M | Add +16.7% |
| ITT Itt Inc. | 0.29% | 61,542 | $9.2M | Reduce -0.5% |
| TGT Target Corp. | 0.28% | 58,484 | $9.1M | Reduce -0.9% |
| ATR Aptargroup Inc. | 0.28% | 55,879 | $9.0M | Add +1.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $34K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 1,123 | $33K | Add +1.7% |
| GABELLI UTILITY TRUST/THE | RIGHT 10/21/2024 | 5,885 | $162 | No change |
Total filed on the 13F, all lines: $3.2B.
Portfolio Sells Q2 2024 → Q3 2024
| LLY Eli Lilly & Co. | Reduce -2.1% | 1.32% | −0.16 |
| DELL Dell Technologies -C | Reduce -1.9% | 0.38% | −0.10 |
| APH Amphenol Corp. Class A | Reduce -0.2% | 0.84% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 0.46% | −0.09 |
| CVX Chevron Corp. | Reduce -1.2% | 0.55% | −0.08 |
| BSV Vanguard Short-Term Bond ETF | Reduce -10.5% | 0.49% | −0.08 |
| AMD Advanced Micro Devices | Reduce -0.4% | 1.05% | −0.07 |
| BAC Bank of America Corp. | Reduce -5.0% | 0.49% | −0.06 |
| CVS CVS Health Corp. | Reduce -9.4% | 0.54% | −0.06 |
| COP Conocophillips | Reduce -0.2% | 0.35% | −0.06 |
| NUE Nucor Corp. | Reduce -1.2% | 0.37% | −0.05 |
| WM Waste Management Inc. | Reduce -0.6% | 0.47% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.1% | 0.54% | −0.04 |
| FDX FedEx Corp. | Reduce -0.3% | 0.22% | −0.04 |
| VTIP Vanguard Short-Term Tips | Reduce -2.0% | 0.51% | −0.04 |
| SLB SLB Ltd. | Reduce -0.1% | 0.18% | −0.04 |
| LRCX Lam Research Corp. | Reduce -10.8% | 0.05% | −0.03 |
| INTC Intel Corp. | Reduce -6.1% | 0.06% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -30.0% | 0.12% | −0.03 |
| TROW T Rowe Price Group Inc. | Reduce -3.6% | 0.12% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 0.47% | −0.02 |
| ROST Ross Stores Inc. | Reduce -0.9% | 0.41% | −0.02 |
| AMGN Amgen Inc. | Reduce -2.9% | 0.26% | −0.02 |
| AZO AutoZone Inc. | Reduce -12.0% | 0.11% | −0.02 |
| GPC Genuine Parts Co. | Reduce -2.4% | 0.19% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -4.1% | 0.18% | −0.02 |
| BA The Boeing Co. | Reduce -0.6% | 0.05% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -40.6% | 0.02% | −0.01 |
| ALB Albemarle Corp. | Reduce -2.8% | 0.11% | −0.01 |
| AVGO Broadcom Inc. | Reduce -1.0% | 1.27% | −0.01 |
| SYK Stryker Corp. | Reduce -1.3% | 0.50% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 0.69% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -20.6% | 0.04% | −0.01 |
| PII Polaris Inc. | Reduce -21.6% | 0.04% | −0.01 |
| TGT Target Corp. | Reduce -0.9% | 0.28% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -18.1% | 0.02% | −0.01 |
| PFE Pfizer Inc. | Reduce -0.1% | 0.19% | −0.01 |
| BIIB Biogen Inc. | Reduce -0.0% | 0.02% | −0.01 |
| GVI iShares Intermediate Governm | Reduce -43.1% | 0.01% | −0.01 |
| WRK Westrock Co. | Sold out | 0.00% | −0.01 |
| BAH Booz Allen Hamilton Holdings | Reduce -0.4% | 0.30% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.7% | 0.12% | −0.01 |
| CSX CSX Corp. | Reduce -5.7% | 0.05% | −0.01 |
| TFC Truist Financial Corp. | Reduce -23.8% | 0.02% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -19.9% | 0.02% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -19.4% | 0.01% | −0.00 |
| LUV Southwest Airlines Co. | Reduce -91.8% | 0.00% | −0.00 |
| WMB Williams Cos Inc. | Reduce -14.2% | 0.03% | −0.00 |
| URI United Rentals Inc. | Reduce -67.3% | 0.00% | −0.00 |
| KMI Kinder Morgan Inc. | Reduce -32.1% | 0.01% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| NKE Nike Inc. Class B | Add +44.8% | 0.53% | +0.20 |
| AAPL Apple Inc. | Add +1.2% | 3.39% | +0.14 |
| IJR iShares Core S&P Small-Cap E | Add +1.6% | 3.58% | +0.13 |
| WMT Walmart Inc. | Add +0.3% | 1.21% | +0.12 |
| PYPL PayPal Holdings Inc. | Add +2.0% | 0.40% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.2% | 1.46% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +1.6% | 2.29% | +0.08 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +2.0% | 1.12% | +0.08 |
| NEE Nextera Energy Inc. | Add +16.7% | 0.29% | +0.07 |
| SBUX Starbucks Corp. | Add +0.2% | 0.42% | +0.06 |
| MET Metlife Inc. | Add +2.8% | 0.50% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Add +1.5% | 4.86% | +0.05 |
| RTX RTX Corp. | Add +0.3% | 0.45% | +0.05 |
| APD Air Products & Chemicals Inc. | Add +0.1% | 0.67% | +0.05 |
| BLK BlackRock Finance Inc. | Add +1.1% | 0.38% | +0.05 |
| ABBV Abbvie Inc. | Add +1.4% | 0.56% | +0.05 |
| BND Vanguard Total Bond Market | Add +5.7% | 1.47% | +0.04 |
| O Realty Income Corp. | Add +6.3% | 0.22% | +0.04 |
| ADP Automatic Data Processing | Add +0.1% | 0.43% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +15.0% | 0.43% | +0.03 |
| CAT Caterpillar Inc. | Add +0.5% | 0.33% | +0.03 |
| JNJ Johnson & Johnson | Add +0.3% | 0.82% | +0.03 |
| EVRG Evergy Inc. | Add +3615.1% | 0.03% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.9% | 0.52% | +0.03 |
| GNMA iShares Gnma Bond ETF | Add +14.7% | 0.26% | +0.03 |
| INGR Ingredion Inc. | Add +21385.2% | 0.02% | +0.02 |
| ENB Enbridge Inc. | Add +0.2% | 0.40% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +1.6% | 2.96% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +16.3% | 0.19% | +0.02 |
| ATR Aptargroup Inc. | Add +1.7% | 0.28% | +0.02 |
| IWR iShares Russell Mid-Cap ETF | Add +18.8% | 0.12% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +2.1% | 0.51% | +0.02 |
| GIS General Mills Inc. | Add +0.7% | 0.18% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Add +8.2% | 0.36% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +5.5% | 0.12% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.0% | 0.45% | +0.01 |
| PRF Invesco Rafi US 1000 ETF | Add +84.6% | 0.03% | +0.01 |
| KVUE Kenvue Inc. | Add +14.1% | 0.05% | +0.01 |
| PPG PPG Industries Inc. | Add +19.1% | 0.08% | +0.01 |
| VZ Verizon Communications Inc. | Add +1.6% | 0.39% | +0.01 |
| UNP Union Pacific Corp. | Add +0.1% | 0.68% | +0.01 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +57687.5% | 0.01% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.5% | 0.23% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +2.5% | 0.53% | +0.01 |
| CGXU Cap Group Intl Focus | New | 0.01% | +0.01 |
| MBB iShares MBS ETF | Add +5.8% | 0.32% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +3.4% | 0.34% | +0.01 |
| AVEM Avantis Emerging Markets Eq | New | 0.01% | +0.01 |
| MFDX PIMCO Rafi Dynamic Multi-Fac | New | 0.01% | +0.01 |
| SO The Southern Co. | Add +8.9% | 0.04% | +0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +1.7% | 1,123 | $33K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |