FARMERS & MERCHANTS INVESTMENTS INC Q2 2023 Filing

Filed August 1, 2023

Portfolio Value

$2.7T

Holdings

1,763

Report Date

Q2 2023

Filing Type

13F-HR

All Holdings (1,763 positions)

#	Stock	Shares	Value	% Portfolio
1	IVViShares S&P 500 Index Fund	330,166	$147.2B	5.55%
2	NIJNelnet, Inc.	1,370,111	$132.2B	4.98%
3	VEAVanguard FTSE Developed Markets ETF	2,719,649	$125.6B	4.74%
4	AAPLApple Inc	475,199	$92.2B	3.48%
5	MSFTMicrosoft Corp	269,934	$91.9B	3.47%
6	IJRiShares S&P Small Cap 600 Index ETF	840,159	$83.7B	3.16%
7	IJHiShares S&P Midcap 400	268,160	$70.1B	2.64%
8	VWOVanguard FTSE Emerging Markets ETF	1,355,261	$55.1B	2.08%
9	SLQDiShares 0-5 Yr Inv Grd Corp Bond ETF	1,113,909	$53.7B	2.03%
10	BRK-BBerkshire Hathaway Inc Del Cl A	89	$46.1B	1.74%
11	LOWLowe's Companies, Inc	158,886	$35.9B	1.35%
12	BRK/BBerkshire Hathaway Inc Del Cl B New	103,724	$35.4B	1.33%
13	WCCWesco International Inc	191,090	$34.2B	1.29%
14	BNDVanguard Total Bond Market ETF	464,771	$33.8B	1.27%
15	PEPPepsiCo Inc	168,162	$31.1B	1.17%
16	UNHUnitedHealth Group Inc	63,728	$30.6B	1.16%
17	ORCLOracle Corp	233,845	$27.8B	1.05%
18	XOMExxon Mobil Corp	258,823	$27.8B	1.05%
19	JNJJohnson & Johnson	164,235	$27.2B	1.03%
20	JPMJPMorgan Chase & Co.	175,074	$25.5B	0.96%
21	LLYLilly Eli & Co	54,236	$25.4B	0.96%
22	WMTWalmart, Inc	161,659	$25.4B	0.96%
23	TXNTexas Instruments Inc	128,583	$23.1B	0.87%
24	PGProcter & Gamble Co	151,582	$23.0B	0.87%
25	APDAir Products & Chemicals Inc	74,682	$22.4B	0.84%
26	MCDMcDonald's Corp	74,186	$22.1B	0.83%
27	AMDAdvanced Micro Devices Inc	192,530	$21.9B	0.83%
28	CVSCVS Health Corporation	308,996	$21.4B	0.81%
29	AVGOBroadcom Inc	24,130	$20.9B	0.79%
30	ABTAbbott Laboratories	190,090	$20.7B	0.78%
31	CVXChevron Corp	123,694	$19.5B	0.73%
32	GOOGLAlphabet Inc Class A	158,334	$19.0B	0.71%
33	VTIPVanguard Short-Term Inflation -Protected Securities ETF	386,710	$18.3B	0.69%
34	ICLRICON PLC	73,075	$18.3B	0.69%
35	UNPUnion Pacific Corp	88,827	$18.2B	0.69%
36	ROPRoper Technologies Inc	37,548	$18.1B	0.68%
37	APHAmphenol Corp Cl A	211,636	$18.0B	0.68%
38	GOOGAlphabet Inc Class C	147,468	$17.8B	0.67%
39	BSVVanguard Short-Term Bond ETF	226,932	$17.1B	0.65%
40	VCSHVanguard S/T Corp Bond ETF	226,579	$17.1B	0.65%
41	CSCOCisco Systems Inc	326,720	$16.9B	0.64%
42	EMREmerson Electric Co	184,802	$16.7B	0.63%
43	VVisa Inc.	70,210	$16.7B	0.63%
44	CMCSAComcast Corp Class A	399,174	$16.6B	0.63%
45	MRKMerck & Co., Inc	133,800	$15.4B	0.58%
46	SYYSysco Corp	204,219	$15.2B	0.57%
47	VOOVanguard S&P 500 ETF	37,008	$15.1B	0.57%
48	HONHoneywell Intl Inc	69,630	$14.4B	0.54%
49	DOVDover Corp	95,220	$14.1B	0.53%
50	MDLZMondelez International Inc - A	192,328	$14.0B	0.53%
51	SYKStryker Corp	45,608	$13.9B	0.52%
52	LINNew Linde PLC	36,511	$13.9B	0.52%
53	SBUXStarbucks Corp	140,054	$13.9B	0.52%
54	NUENucor Corp	84,564	$13.9B	0.52%
55	IWMiShares Russell 2000 Index Fund	73,665	$13.8B	0.52%
56	OXYOccidental Petroleum Corp	231,781	$13.6B	0.51%
57	AMZNAmazon.com, Inc.	103,252	$13.5B	0.51%
58	DISWalt Disney Company	149,300	$13.3B	0.50%
59	WMWaste Management Inc	74,265	$12.9B	0.49%
60	MDTMedtronic PLC	144,653	$12.7B	0.48%
61	ABBVAbbvie Inc	92,502	$12.5B	0.47%
62	ENBEnbridge Inc	329,773	$12.3B	0.46%
63	BACBank of America Corp	425,869	$12.2B	0.46%
64	RTXRaytheon Technologies Corp	123,392	$12.1B	0.46%
65	HDHome Depot Inc	37,620	$11.7B	0.44%
66	AFLAflac Inc common	167,104	$11.7B	0.44%
67	A4SAmeriprise Financial Inc	34,953	$11.6B	0.44%
68	ADPAutomatic Data Processing	52,807	$11.6B	0.44%
69	FISVFiserv Inc	86,549	$10.9B	0.41%
70	BKHBlack Hills Corp	172,394	$10.4B	0.39%
71	COPConocoPhillips	100,074	$10.4B	0.39%
72	ROSTRoss Stores Inc	92,414	$10.4B	0.39%
73	METMetlife Inc	181,895	$10.3B	0.39%
74	GSGoldman Sachs Group Inc.	31,627	$10.2B	0.38%
75	ITWIllinois Tool Works Inc	40,337	$10.1B	0.38%
76	COFCapital One Financial Common	90,708	$9.9B	0.37%
77	BMYBristol Myers Squibb Co	154,091	$9.9B	0.37%
78	HYGiShares iBoxx H/Y Corp Bond Fund ETF	128,957	$9.7B	0.37%
79	USBUS Bancorp	292,550	$9.7B	0.36%
80	NKENike Inc Cl B	86,154	$9.5B	0.36%
81	DHRDanaher Corp	39,004	$9.4B	0.35%
82	IWPiShares Russell Mid-Cap Growth ETF	95,889	$9.3B	0.35%
83	BLKCHFBlackrock Inc	13,008	$9.0B	0.34%
84	BACVerizon Communications	240,719	$9.0B	0.34%
85	DDominion Energy Inc	172,787	$8.9B	0.34%
86	WFCWells Fargo	205,669	$8.8B	0.33%
87	PFEPfizer Inc	235,391	$8.6B	0.33%
88	DUKDuke Energy Corporation	95,127	$8.5B	0.32%
89	GWWW W Grainger Inc	10,791	$8.5B	0.32%
90	AGGiShares Barclays Aggregate Bond Fund	85,232	$8.3B	0.31%
91	COSTCostco Wholesale Corp	15,278	$8.2B	0.31%
92	QCOMQualcomm Inc	69,090	$8.2B	0.31%
93	KOCoca-Cola Co	135,785	$8.2B	0.31%
94	IVWiShares S&P 500 Growth Index Fund	112,641	$7.9B	0.30%
95	GPCGenuine Parts	46,449	$7.9B	0.30%
96	BDXBecton Dickinson and Co	28,414	$7.5B	0.28%
97	DALDelta Air Lines Inc	156,905	$7.5B	0.28%
98	TJXTJX Companies Inc	87,344	$7.4B	0.28%
99	AMEAMETEK Inc	44,746	$7.2B	0.27%
100	DYHTarget Corp	54,057	$7.1B	0.27%

Page 1 of 18Next