FARMERS & MERCHANTS INVESTMENTS INC Q4 2022 Filing

Filed February 2, 2023

Portfolio Value

$2.4B

Holdings

1,767

Report Date

Q4 2022

Filing Type

13F-HR

All Holdings (1,767 positions)

#	Stock	Shares	Value	% Portfolio
1	NIJNelnet, Inc.	1,369,866	$124.0M	5.10%
2	IVViShares S&P 500 Index Fund	318,241	$122.0M	5.01%
3	VEAVanguard FTSE Developed Markets ETF	2,752,096	$115.0M	4.73%
4	IJRiShares S&P Small Cap 600 Index ETF	775,199	$73.0M	3.00%
5	MSFTMicrosoft Corp	267,960	$64.0M	2.63%
6	AAPLApple Inc	473,530	$61.0M	2.51%
7	IJHiShares S&P Midcap 400	238,087	$57.0M	2.34%
8	SLQDiShares 0-5 Yr Inv Grd Corp Bond ETF	1,120,231	$53.0M	2.18%
9	VWOVanguard FTSE Emerging Markets ETF	1,255,325	$48.0M	1.97%
10	BRK/BBerkshire Hathaway Inc Del Cl B New	102,879	$31.0M	1.27%
11	LOWLowe's Companies, Inc	152,803	$30.0M	1.23%
12	XOMExxon Mobil Corp	255,901	$28.0M	1.15%
13	JNJJohnson & Johnson	156,319	$27.0M	1.11%
14	PEPPepsiCo Inc	154,219	$27.0M	1.11%
15	BNDVanguard Total Bond Market ETF	385,857	$27.0M	1.11%
16	CVSCVS Health Corporation	287,726	$26.0M	1.07%
17	JPMJPMorgan Chase & Co.	173,383	$23.0M	0.95%
18	WCCWesco International Inc	187,433	$23.0M	0.95%
19	APDAir Products & Chemicals Inc	71,426	$22.0M	0.90%
20	PGProcter & Gamble Co	144,375	$21.0M	0.86%
21	LLYLilly Eli & Co	57,745	$21.0M	0.86%
22	WMTWalmart, Inc	155,125	$21.0M	0.86%
23	CVXChevron Corp	116,409	$20.0M	0.82%
24	TXNTexas Instruments Inc	125,642	$20.0M	0.82%
25	UNPUnion Pacific Corp	94,800	$19.0M	0.78%
26	ABTAbbott Laboratories	181,859	$19.0M	0.78%
27	ORCLOracle Corp	224,234	$18.0M	0.74%
28	MCDMcDonald's Corp	71,314	$18.0M	0.74%
29	BSVVanguard Short-Term Bond ETF	231,364	$17.0M	0.70%
30	USBUS Bancorp	392,622	$17.0M	0.70%
31	VCSHVanguard S/T Corp Bond ETF	236,207	$17.0M	0.70%
32	VTIPVanguard Short-Term Inflation -Protected Securities ETF	373,412	$17.0M	0.70%
33	EMREmerson Electric Co	176,151	$16.0M	0.66%
34	APHAmphenol Corp Cl A	209,247	$15.0M	0.62%
35	CSCOCisco Systems Inc	330,806	$15.0M	0.62%
36	SYYSysco Corp	201,692	$15.0M	0.62%
37	MRKMerck & Co., Inc	133,233	$14.0M	0.58%
38	HONHoneywell Intl Inc	69,022	$14.0M	0.58%
39	VVisa Inc.	71,781	$14.0M	0.58%
40	AGGiShares Barclays Aggregate Bond Fund	144,428	$14.0M	0.58%
41	OXYOccidental Petroleum Corp	229,090	$14.0M	0.58%
42	METMetlife Inc	189,705	$13.0M	0.53%
43	GOOGLAlphabet Inc Class A	156,290	$13.0M	0.53%
44	ABBVAbbvie Inc	83,539	$13.0M	0.53%
45	BACBank of America Corp	409,790	$13.0M	0.53%
46	MDLZMondelez International Inc - A	205,422	$13.0M	0.53%
47	VOOVanguard S&P 500 ETF	37,202	$13.0M	0.53%
48	ICLRICON PLC	68,633	$13.0M	0.53%
49	DISWalt Disney Company	150,870	$13.0M	0.53%
50	IWMiShares Russell 2000 Index Fund	76,011	$13.0M	0.53%
51	SBUXStarbucks Corp	139,775	$13.0M	0.53%
52	CMCSAComcast Corp Class A	398,821	$13.0M	0.53%
53	GOOGAlphabet Inc Class C	156,410	$13.0M	0.53%
54	ENBEnbridge Inc	319,792	$12.0M	0.49%
55	DOVDover Corp	90,203	$12.0M	0.49%
56	HDHome Depot Inc	38,040	$12.0M	0.49%
57	LINLinde Public Ltd Co	38,163	$12.0M	0.49%
58	PFEPfizer Inc	253,536	$12.0M	0.49%
59	WMWaste Management Inc	77,175	$12.0M	0.49%
60	DDominion Energy Inc	181,030	$11.0M	0.45%
61	COPConocoPhillips	100,857	$11.0M	0.45%
62	AMDAdvanced Micro Devices Inc	181,566	$11.0M	0.45%
63	NUENucor Corp	85,157	$11.0M	0.45%
64	ADPAutomatic Data Processing	49,854	$11.0M	0.45%
65	MDTMedtronic PLC	148,393	$11.0M	0.45%
66	RTXRaytheon Technologies Corp	110,178	$11.0M	0.45%
67	BMYBristol Myers Squibb Co	156,353	$11.0M	0.45%
68	BKHBlack Hills Corp	170,256	$11.0M	0.45%
69	WFCWells Fargo	244,327	$10.0M	0.41%
70	AFLAflac Inc common	150,432	$10.0M	0.41%
71	A4SAmeriprise Financial Inc	33,353	$10.0M	0.41%
72	NKENike Inc Cl B	89,370	$10.0M	0.41%
73	SYKStryker Corp	44,095	$10.0M	0.41%
74	IVWiShares S&P 500 Growth Index Fund	172,669	$10.0M	0.41%
75	ROSTRoss Stores Inc	90,952	$10.0M	0.41%
76	DHRDanaher Corp	39,333	$10.0M	0.41%
77	GSGoldman Sachs Group Inc.	31,726	$10.0M	0.41%
78	HYGiShares iBoxx H/Y Corp Bond Fund ETF	128,523	$9.0M	0.37%
79	FISVFiserv Inc	93,202	$9.0M	0.37%
80	IWPiShares Russell Mid-Cap Growth ETF	119,591	$9.0M	0.37%
81	ROPRoper Technologies Inc	22,165	$9.0M	0.37%
82	QCOMQualcomm Inc	84,889	$9.0M	0.37%
83	DUKDuke Energy Corporation	94,927	$9.0M	0.37%
84	AMZNAmazon.com, Inc.	100,205	$8.0M	0.33%
85	COFCapital One Financial Common	90,485	$8.0M	0.33%
86	BACVerizon Communications	220,126	$8.0M	0.33%
87	ITWIllinois Tool Works Inc	39,257	$8.0M	0.33%
88	AMGNAmgen Inc	31,161	$8.0M	0.33%
89	AEPAmerican Elec Pwr Inc	80,743	$7.0M	0.29%
90	COSTCostco Wholesale Corp	15,481	$7.0M	0.29%
91	GPCGenuine Parts	42,722	$7.0M	0.29%
92	TFCTruist Financial Corp	166,660	$7.0M	0.29%
93	PYPLPaypal Holdings Inc	110,747	$7.0M	0.29%
94	DYHTarget Corp	51,736	$7.0M	0.29%
95	KOCoca-Cola Co	121,167	$7.0M	0.29%
96	TJXTJX Companies Inc	90,168	$7.0M	0.29%
97	UPSUnited Parcel Service - Cl B	35,329	$6.0M	0.25%
98	GISGeneral Mills, Inc.	82,353	$6.0M	0.25%
99	CATCaterpillar Inc	27,564	$6.0M	0.25%
100	BDXBecton Dickinson and Co	25,676	$6.0M	0.25%

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