Farmers & Merchants Investments Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Farmers & Merchants Investments Inc. reported 1,758 stock positions worth $3.6 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, 6.5%) and Nelnet Class A (NNI, 4.2%). Compared with Q4 2025, it opened 67 new positions, sold out of 29, added to 259 and reduced 350. The biggest buy was Exxon Mobil (XOM, shares +1%) and the biggest sale Broadcom (AVGO, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LINCOLN, NE
- CIK
- 0001259969
- Portfolio Value
- $3.6B (Q1 2026)
- SEC Filing
- 0001140361-26-016276 ↗ filed Apr 23, 2026
Holdings Value
Holdings 1,758 stocks · $3.6B
| IVV iShares Core S&P 500 ETF | 6.99% | 387,788 | $253.3M | Add +2.0% |
| VEA Vanguard Ftse Developed ETF | 6.45% | 3,649,530 | $233.9M | Add +2.8% |
| NNI Nelnet Inc. Class A | 4.21% | 1,184,351 | $152.7M | No change |
| IJR iShares Core S&P Small-Cap E | 4.16% | 1,213,599 | $150.9M | Add +2.6% |
| IJH iShares Core S&P Midcap ETF | 3.51% | 1,885,265 | $127.3M | Add +2.9% |
| AAPL Apple Inc. | 3.08% | 440,311 | $111.7M | Add +2.8% |
| MSFT Microsoft Corp. | 2.79% | 273,172 | $101.1M | Add +4.0% |
| VWO Vanguard Ftse Emerging Marke | 2.13% | 1,426,926 | $77.1M | Reduce -0.5% |
| AVGO Broadcom Inc. | 1.82% | 213,014 | $65.9M | Reduce -0.5% |
| BND Vanguard Total Bond Market | 1.64% | 808,536 | $59.5M | Add +2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 111,548 | $53.5M | Add +8.4% |
| GOOGL Alphabet Inc. Class A | 1.44% | 181,619 | $52.2M | Add +1.1% |
| WMT Walmart Inc. | 1.44% | 418,464 | $52.0M | Reduce -2.7% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 1.35% | 970,988 | $49.0M | Add +0.3% |
| WCC Wesco International Inc. | 1.33% | 175,597 | $48.0M | Reduce -1.8% |
| APH Amphenol Corp. Class A | 1.27% | 364,984 | $46.1M | Add +2.6% |
| XOM Exxon Mobil Corp. | 1.25% | 267,283 | $45.3M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 1.24% | 152,429 | $44.8M | Add +1.5% |
| GOOG Alphabet Inc. Class C | 1.17% | 148,082 | $42.5M | Add +3.2% |
| LLY Eli Lilly & Co. | 1.14% | 45,007 | $41.4M | Add +1.6% |
| AMD Advanced Micro Devices | 1.09% | 194,299 | $39.5M | Add +1.7% |
| JNJ Johnson & Johnson | 1.06% | 157,191 | $38.4M | Add +0.5% |
| AMZN Amazon.com Inc. | 0.93% | 162,569 | $33.9M | Add +7.0% |
| NVDA Nvidia Corp. | 0.89% | 185,342 | $32.3M | Add +3.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.87% | 93,376 | $31.6M | Add +1.9% |
| ORCL Oracle Corp. | 0.85% | 209,349 | $30.8M | Add +2.4% |
| LOW Lowe's Cos Inc. | 0.83% | 126,585 | $29.9M | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.76% | 32,384 | $27.4M | Add +1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.75% | 38 | $27.3M | No change |
| PEP Pepsico Inc. | 0.73% | 169,402 | $26.3M | Add +2.8% |
| EMR Emerson Electric Co. | 0.66% | 183,571 | $24.1M | Add +0.9% |
| CSCO Cisco Systems Inc. | 0.65% | 305,157 | $23.7M | Add +1.0% |
| CVX Chevron Corp. | 0.63% | 109,712 | $22.7M | Add +0.6% |
| RTX RTX Corp. | 0.61% | 114,879 | $22.2M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 0.60% | 36,260 | $21.7M | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.60% | 272,160 | $21.6M | Add +14.0% |
| MCD McDonald's Corp. | 0.58% | 67,249 | $20.9M | Add +0.7% |
| V Visa Inc. Class A | 0.57% | 68,094 | $20.6M | Add +1.8% |
| APD Air Products & Chemicals Inc. | 0.56% | 70,233 | $20.4M | Add +0.3% |
| TXN Texas Instruments Inc. | 0.55% | 103,491 | $20.1M | Add +1.8% |
| UNP Union Pacific Corp. | 0.55% | 82,296 | $20.0M | Add +3.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 407,334 | $19.9M | Add +4.3% |
| PG The Procter & Gamble Co. | 0.54% | 135,346 | $19.5M | Add +1.0% |
| CVS CVS Health Corp. | 0.52% | 260,653 | $18.7M | Add +2.2% |
| ABT Abbott Laboratories | 0.50% | 177,525 | $18.2M | Add +2.9% |
| CAT Caterpillar Inc. | 0.50% | 25,697 | $18.2M | Add +2.2% |
| IWM iShares Russell 2000 ETF | 0.49% | 72,184 | $17.9M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.49% | 82,168 | $17.9M | Add +1.7% |
| VTIP Vanguard Short-Term Tips | 0.48% | 348,731 | $17.4M | Add +8.6% |
| COST Costco Wholesale Corp. | 0.48% | 17,463 | $17.4M | Reduce -0.1% |
| DOV Dover Corp. | 0.47% | 82,171 | $17.1M | Reduce -2.3% |
| UNH Unitedhealth Group Inc. | 0.47% | 62,570 | $16.9M | Add +1.6% |
| ROST Ross Stores Inc. | 0.47% | 77,875 | $16.9M | Reduce -1.1% |
| DELL Dell Technologies -C | 0.45% | 99,895 | $16.4M | Reduce -0.5% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.45% | 12,356 | $16.3M | Add +3.7% |
| COF Capital One Financial Corp. | 0.43% | 86,178 | $15.7M | Add +1.7% |
| WM Waste Management Inc. | 0.43% | 68,416 | $15.7M | No change |
| LIN Linde PLC | 0.43% | 31,487 | $15.6M | Reduce -0.2% |
| ENB Enbridge Inc. | 0.43% | 287,031 | $15.5M | Add +2.5% |
| PANW Palo Alto Networks Inc. | 0.42% | 95,296 | $15.3M | Add +2.5% |
| CRM Salesforce Inc. | 0.42% | 81,053 | $15.1M | Add +43.1% |
| OXY Occidental Petroleum Corp. | 0.42% | 231,611 | $15.1M | Add +1.4% |
| USB US Bancorp | 0.40% | 279,273 | $14.5M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.39% | 118,172 | $14.2M | Add +1.4% |
| GNMA iShares Gnma Bond ETF | 0.39% | 320,604 | $14.2M | Add +6.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 146,374 | $14.1M | Add +2.2% |
| MET Metlife Inc. | 0.39% | 197,530 | $14.0M | Add +1.3% |
| VZ Verizon Communications Inc. | 0.38% | 277,639 | $13.9M | Add +1.9% |
| MBB iShares MBS ETF | 0.38% | 145,744 | $13.8M | Add +16.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.38% | 173,303 | $13.8M | Add +6.8% |
| AMP Ameriprise Financial Inc. | 0.38% | 30,742 | $13.7M | Reduce -1.6% |
| BLK BlackRock Inc. | 0.38% | 14,172 | $13.6M | Add +0.9% |
| AFL Aflac Inc. | 0.37% | 122,461 | $13.4M | Reduce -1.7% |
| SYK Stryker Corp. | 0.37% | 40,356 | $13.3M | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 82,825 | $13.2M | Reduce -1.3% |
| BSV Vanguard Short-Term Bond ETF | 0.36% | 168,036 | $13.2M | Add +2.6% |
| COP Conocophillips | 0.36% | 99,441 | $13.1M | Reduce -0.3% |
| IVW iShares S&P 500 Growth ETF | 0.36% | 115,290 | $13.0M | Reduce -0.1% |
| ROP Roper Technologies Inc. | 0.35% | 36,092 | $12.8M | Add +3.3% |
| SBUX Starbucks Corp. | 0.35% | 142,484 | $12.8M | Add +1.2% |
| SYY Sysco Corp. | 0.35% | 175,686 | $12.5M | Reduce -1.3% |
| NUE Nucor Corp. | 0.35% | 74,013 | $12.5M | Reduce -0.9% |
| IWP iShares Russell Mid-Cap Grow | 0.33% | 93,501 | $12.0M | No change |
| WFC Wells Fargo & Co. | 0.33% | 150,158 | $12.0M | Reduce -4.3% |
| MDT Medtronic PLC | 0.32% | 134,918 | $11.7M | Reduce -0.7% |
| ITT Itt Inc. | 0.31% | 59,204 | $11.3M | Add +4.9% |
| META Meta Platforms Inc. Class A | 0.31% | 19,706 | $11.3M | Add +6.1% |
| HON Honeywell International Inc. | 0.31% | 49,696 | $11.2M | Reduce -0.9% |
| NKE Nike Inc. Class B | 0.30% | 207,061 | $10.9M | Add +3.9% |
| NEE Nextera Energy Inc. | 0.30% | 115,628 | $10.7M | Add +2.6% |
| EW Edwards Lifesciences Corp. | 0.28% | 127,922 | $10.2M | Add +1.8% |
| MDLZ Mondelez International Inc. Class A | 0.28% | 176,097 | $10.2M | Add +0.6% |
| HD Home Depot Inc. | 0.27% | 30,256 | $10.0M | Reduce -2.4% |
| ITW Illinois Tool Works | 0.26% | 36,739 | $9.6M | Reduce -0.8% |
| ADP Automatic Data Processing | 0.26% | 46,136 | $9.4M | Reduce -1.0% |
| FDX FedEx Corp. | 0.26% | 26,183 | $9.3M | Add +0.1% |
| ICLR Icon PLC | 0.25% | 83,021 | $9.2M | Add +3.0% |
| AMGN Amgen Inc. | 0.25% | 25,801 | $9.1M | Add +1.2% |
| GWW WW Grainger Inc. | 0.25% | 8,311 | $9.1M | Reduce -4.2% |
| DLR Digital Realty Trust Inc. | 0.25% | 49,446 | $8.9M | Add +3.3% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $18K (not counted above)
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Reduce -0.5% | 1.82% | −0.23 |
| QCOM Qualcomm Inc. | Reduce -1.9% | 0.24% | −0.08 |
| WFC Wells Fargo & Co. | Reduce -4.3% | 0.33% | −0.07 |
| ADP Automatic Data Processing | Reduce -1.0% | 0.26% | −0.07 |
| AMP Ameriprise Financial Inc. | Reduce -1.6% | 0.38% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -0.8% | 0.17% | −0.04 |
| DHR Danaher Corp. | Reduce -0.1% | 0.19% | −0.04 |
| MDT Medtronic PLC | Reduce -0.7% | 0.32% | −0.04 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.1% | 0.36% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -0.3% | 0.60% | −0.03 |
| TSLA Tesla Inc. | Reduce -0.2% | 0.13% | −0.03 |
| GPC Genuine Parts Co. | Reduce -2.1% | 0.12% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -1.6% | 0.08% | −0.02 |
| HD Home Depot Inc. | Reduce -2.4% | 0.27% | −0.02 |
| ROK Rockwell Automation Inc. | Reduce -5.0% | 0.14% | −0.02 |
| GIS General Mills Inc. | Reduce -3.4% | 0.06% | −0.02 |
| SYY Sysco Corp. | Reduce -1.3% | 0.35% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -13.2% | 0.08% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -10.8% | 0.09% | −0.02 |
| USB US Bancorp | Reduce -1.0% | 0.40% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -5.1% | 0.15% | −0.02 |
| C Citigroup Inc. | Reduce -2.9% | 0.20% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -29.4% | 0.02% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.0% | 0.22% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -2.5% | 0.06% | −0.01 |
| BNY Bank of New York Mellon Corp. | Reduce -62.5% | 0.01% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -3.4% | 0.06% | −0.01 |
| AFL Aflac Inc. | Reduce -1.7% | 0.37% | −0.01 |
| ZTS Zoetis Inc. | Reduce -4.1% | 0.08% | −0.01 |
| MTB M & T Bank Corp. | Reduce -44.2% | 0.01% | −0.01 |
| MMM 3M Co. | Reduce -2.0% | 0.06% | −0.01 |
| UL Unilever PLC-Sponsored ADR | Reduce -43.6% | 0.01% | −0.01 |
| BA The Boeing Co. | Reduce -2.1% | 0.06% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -1.3% | 0.09% | −0.01 |
| GSLC Goldman Activebeta US LC ETF | Reduce -6.8% | 0.04% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -16.2% | 0.03% | −0.00 |
| VST Vistra Corp. | Reduce -80.8% | 0.00% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 0.03% | −0.00 |
| RAL Ralliant Corp. | Reduce -0.3% | 0.02% | −0.00 |
| ALB Albemarle Corp. | Reduce -22.7% | 0.17% | −0.00 |
| GIL Gildan Activewear Inc. | Reduce -48.1% | 0.00% | −0.00 |
| IMCB iShares Morningstar Mid-Cap | Reduce -50.1% | 0.00% | −0.00 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.2% | 0.12% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -2.5% | 0.08% | −0.00 |
| AXP American Express Co. | Reduce -10.7% | 0.01% | −0.00 |
| VSNT Versant Media Group Inc. | Reduce -30.5% | 0.01% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.5% | 2.13% | −0.00 |
| ACN Accenture PLC Class A | Reduce -6.0% | 0.01% | −0.00 |
| UPS United Parcel Service Class B | Reduce -2.4% | 0.06% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| XOM Exxon Mobil Corp. | Add +0.7% | 1.25% | +0.37 |
| VEA Vanguard Ftse Developed ETF | Add +2.8% | 6.45% | +0.33 |
| IJR iShares Core S&P Small-Cap E | Add +2.6% | 4.16% | +0.24 |
| IJH iShares Core S&P Midcap ETF | Add +2.9% | 3.51% | +0.17 |
| CVX Chevron Corp. | Add +0.6% | 0.63% | +0.17 |
| JNJ Johnson & Johnson | Add +0.5% | 1.06% | +0.17 |
| OXY Occidental Petroleum Corp. | Add +1.4% | 0.42% | +0.16 |
| CAT Caterpillar Inc. | Add +2.2% | 0.50% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.9% | 0.87% | +0.10 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.7% | 0.45% | +0.10 |
| APD Air Products & Chemicals Inc. | Add +0.3% | 0.56% | +0.09 |
| VZ Verizon Communications Inc. | Add +1.9% | 0.38% | +0.08 |
| PEP Pepsico Inc. | Add +2.8% | 0.73% | +0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +14.0% | 0.60% | +0.07 |
| TXN Texas Instruments Inc. | Add +1.8% | 0.55% | +0.07 |
| ENB Enbridge Inc. | Add +2.5% | 0.43% | +0.06 |
| MRK Merck & Co. Inc. | Add +1.4% | 0.39% | +0.05 |
| MBB iShares MBS ETF | Add +16.2% | 0.38% | +0.05 |
| FDX FedEx Corp. | Add +0.1% | 0.26% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.4% | 1.48% | +0.05 |
| NEE Nextera Energy Inc. | Add +2.6% | 0.30% | +0.05 |
| VTIP Vanguard Short-Term Tips | Add +8.6% | 0.48% | +0.04 |
| DLR Digital Realty Trust Inc. | Add +3.3% | 0.25% | +0.04 |
| ITT Itt Inc. | Add +4.9% | 0.31% | +0.04 |
| UNP Union Pacific Corp. | Add +3.0% | 0.55% | +0.04 |
| SPGI S&P Global Inc. | Add +73.5% | 0.13% | +0.04 |
| AEP American Electric Power | Add +3.1% | 0.24% | +0.03 |
| LRCX Lam Research Corp. | Add +12.0% | 0.11% | +0.03 |
| BND Vanguard Total Bond Market | Add +2.6% | 1.64% | +0.03 |
| JCI Johnson Controls Internation | Add +5.5% | 0.22% | +0.03 |
| FRT Federal Realty Invs Trust | Add +36.2% | 0.08% | +0.03 |
| SBUX Starbucks Corp. | Add +1.2% | 0.35% | +0.02 |
| O Realty Income Corp. | Add +5.3% | 0.19% | +0.02 |
| GNMA iShares Gnma Bond ETF | Add +6.9% | 0.39% | +0.02 |
| DUK Duke Energy Corp. | Add +0.6% | 0.20% | +0.02 |
| KO The Coca-Cola Co. | Add +1.0% | 0.24% | +0.02 |
| GEV GE Vernova Inc. | Add +18.8% | 0.06% | +0.02 |
| AMGN Amgen Inc. | Add +1.2% | 0.25% | +0.02 |
| MDLZ Mondelez International Inc. Class A | Add +0.6% | 0.28% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +6.8% | 0.38% | +0.02 |
| FTS Fortis Inc. | Add +4.5% | 0.15% | +0.02 |
| ATR Aptargroup Inc. | Add +3.4% | 0.23% | +0.01 |
| GLD SPDR Gold Shares | Add +24.9% | 0.06% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +2.2% | 0.10% | +0.01 |
| GE General Electric | Add +37.1% | 0.06% | +0.01 |
| MCD McDonald's Corp. | Add +0.7% | 0.58% | +0.01 |
| WEC WEC Energy Group Inc. | Add +4.1% | 0.10% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.0% | 0.65% | +0.01 |
| WAT Waters Corp. | Add +2452.1% | 0.01% | +0.01 |
| SOLS Solstice Adv Materials Inc. | Add +0.7% | 0.03% | +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 |