FARMERS & MERCHANTS INVESTMENTS INC Q2 2025 Filing

Filed July 14, 2025

Portfolio Value

$3.4T

Holdings

1,729

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (1,729 positions)

#StockSharesValue% PortfolioType
1
IVViShares S&P 500 Index Fund
394,126$244.7B7.13%
2
VEAVanguard FTSE Developed Markets ETF
3,120,846$177.9B5.19%
3
NIJNelnet, Inc.
1,202,262$145.6B4.25%
4
MSFTMicrosoft Corp
273,085$135.8B3.96%
5
IJRiShares S&P Small Cap 600 Index ETF
1,124,458$122.9B3.58%
6
IJHiShares S&P Midcap 400
1,729,458$107.3B3.13%
7
AAPLApple Inc
456,368$93.6B2.73%
8
VWOVanguard FTSE Emerging Markets ETF
1,658,374$82.0B2.39%
9
AVGOBroadcom Inc
230,743$63.6B1.85%
10
BNDVanguard Total Bond Market ETF
769,282$56.6B1.65%
11
SLQDiShares 0-5 Yr Inv Grd Corp Bond ETF
1,008,095$51.0B1.49%
12
BRK/BBerkshire Hathaway Inc Del Cl B New
100,030$48.6B1.42%
13
ORCLOracle Corp
218,040$47.7B1.39%
14
JPMJPMorgan Chase & Co.
158,601$46.0B1.34%
15
WMTWalmart, Inc
457,746$44.8B1.30%
16
APHAmphenol Corp Cl A
380,088$37.5B1.09%
17
LLYEli Lilly & Co
46,109$35.9B1.05%
18
WCCWesco International Inc
193,277$35.8B1.04%
19
GOOGLAlphabet Inc Class A
191,940$33.8B0.99%
20
BRK-BBerkshire Hathaway Inc Del Cl A
46$33.5B0.98%
21
AMZNAmazon.com, Inc.
150,191$33.0B0.96%
22
NVDANVIDIA Corporation
190,027$30.0B0.88%
23
XOMExxon Mobil Corp
273,413$29.5B0.86%
24
LOWLowe's Companies, Inc
130,540$29.0B0.84%
25
AMDAdvanced Micro Devices Inc
202,553$28.7B0.84%
26
GOOGAlphabet Inc Class C
146,022$25.9B0.76%
27
JNJJohnson & Johnson
169,051$25.8B0.75%
28
VVisa Inc.
72,321$25.7B0.75%
29
EMREmerson Electric Co
189,657$25.3B0.74%
30
PEPPepsiCo Inc
181,021$23.9B0.70%
31
ABTAbbott Laboratories
173,817$23.6B0.69%
32
PGProcter & Gamble Co
144,911$23.1B0.67%
33
TSMTaiwan Semiconductor Manufacturing Company Ltd.
101,911$23.1B0.67%
34
GSGoldman Sachs Group Inc.
31,479$22.3B0.65%
35
CSCOCisco Systems Inc
313,249$21.7B0.63%
36
ROPRoper Technologies Inc
38,292$21.7B0.63%
37
TXNTexas Instruments Inc
103,868$21.6B0.63%
38
VOOVanguard S&P 500 ETF
37,013$21.0B0.61%
39
APDAir Products & Chemicals Inc
74,225$20.9B0.61%
40
MCDMcDonald's Corp
70,819$20.7B0.60%
41
UNHUnitedHealth Group Inc
65,753$20.5B0.60%
42
VCSHVanguard S/T Corp Bond ETF
252,138$20.0B0.58%
43
PANWPalo Alto Networks, Inc.
96,053$19.7B0.57%
44
DISWalt Disney Company
157,918$19.6B0.57%
45
UNPUnion Pacific Corp
84,301$19.4B0.57%
46
BACBank of America Corp
408,611$19.3B0.56%
47
CVSCVS Health Corporation
266,774$18.4B0.54%
48
COFCapital One Financial Corp
85,784$18.3B0.53%
49
CVXChevron Corp
119,856$17.2B0.50%
50
SYKStryker Corp
43,270$17.1B0.50%
51
COSTCostco Wholesale Corp
17,270$17.1B0.50%
52
RTXRTX Corp
116,500$17.0B0.50%
53
METMetlife Inc
211,398$17.0B0.50%
54
A4SAmeriprise Financial Inc
31,742$16.9B0.49%
55
VTIPVanguard Short-Term Inflation -Protected Securities ETF
335,992$16.9B0.49%
56
WMWaste Management Inc
72,155$16.5B0.48%
57
ABBVAbbvie Inc
86,593$16.1B0.47%
58
DOVDover Corp
87,036$15.9B0.46%
59
BSVVanguard Short-Term Bond ETF
201,586$15.9B0.46%
60
IWMiShares Russell 2000 Index Fund
72,974$15.7B0.46%
61
NKENike Inc Cl B
219,289$15.6B0.45%
62
BLKBlackrock Inc
14,817$15.5B0.45%
63
LINNew Linde PLC
32,692$15.3B0.45%
64
ADPAutomatic Data Processing
48,326$14.9B0.43%
65
USBUS Bancorp
325,101$14.7B0.43%
66
CMCSAComcast Corp Class A
412,018$14.7B0.43%
67
MBBiShares Barclays MBS Bond Fund ETF
153,141$14.4B0.42%
68
SYYSysco Corp
187,235$14.2B0.41%
69
FISVFiserv Inc
81,964$14.1B0.41%
70
WFCWells Fargo
174,622$14.0B0.41%
71
HYGiShares iBoxx H/Y Corp Bond Fund ETF
173,010$14.0B0.41%
72
AFLAflac Inc common
130,582$13.8B0.40%
73
HONHoneywell Intl Inc
57,843$13.5B0.39%
74
MDLZMondelez International Inc - A
198,261$13.4B0.39%
75
ENBEnbridge Inc
294,383$13.3B0.39%
76
BACVerizon Communications
306,677$13.3B0.39%
77
CRMSalesforce Inc
48,440$13.2B0.39%
78
SBUXStarbucks Corp
141,290$12.9B0.38%
79
IWPiShares Russell Mid-Cap Growth ETF
93,028$12.9B0.38%
80
ICLRICON PLC
87,573$12.7B0.37%
81
IVWiShares S&P 500 Growth Index Fund
115,559$12.7B0.37%
82
DELLDell Technologies Inc Cl C
101,885$12.5B0.36%
83
MDTMedtronic PLC
137,494$12.0B0.35%
84
PYPLPaypal Holdings Inc
160,495$11.9B0.35%
85
HDHome Depot Inc
31,239$11.5B0.33%
86
ASMLASML Holding
14,130$11.3B0.33%
87
BAHBooz Allen Hamilton Holding Corp
107,868$11.2B0.33%
88
QCOMQualcomm Inc
69,887$11.1B0.32%
89
GNMAiShares GNMA Bond ETF
251,648$11.1B0.32%
90
EWEdwards Lifesciences Corp
138,782$10.9B0.32%
91
MRKMerck & Co., Inc
135,642$10.7B0.31%
92
ROSTRoss Stores Inc
83,318$10.6B0.31%
93
TJXTJX Companies Inc
85,431$10.5B0.31%
94
ATRAptarGroup Inc
66,913$10.5B0.31%
95
CATCaterpillar Inc
26,587$10.3B0.30%
96
NUENucor Corp
79,085$10.2B0.30%
97
ITTITT Inc.
65,027$10.2B0.30%
98
OXYOccidental Petroleum Corp
239,436$10.1B0.29%
99
UBERUber Technologies Inc
107,057$10.0B0.29%
100
NEENextEra Energy Inc.
139,733$9.7B0.28%
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