FARMERS & MERCHANTS INVESTMENTS INC Q4 2023 Filing

Filed January 23, 2024

Portfolio Value

$2.7B

Holdings

1,754

Report Date

Q4 2023

Filing Type

13F-HR

All Holdings (1,754 positions)

#	Stock	Shares	Value	% Portfolio
1	KVUEKenvue Inc	43,860	$944K	0.03%
2	WMBThe Williams Companies, Inc.	26,139	$910K	0.03%
3	VUGVanguard Growth ETF	2,921	$908K	0.03%
4	CLXClorox Co Common	6,362	$907K	0.03%
5	TSLATesla Inc	3,643	$905K	0.03%
6	SJMThe J. M. Smucker Company	7,075	$894K	0.03%
7	TEXTerex Corporation	15,454	$888K	0.03%
8	TMUST-Mobile US, Inc.	5,398	$865K	0.03%
9	IWFiShares Russell 1000 Growth Index Fund	2,802	$849K	0.03%
10	GEGeneral Electric Co	6,639	$847K	0.03%
11	SHELShell PLC	12,420	$817K	0.03%
12	WERNWerner Enterprises, Inc.	18,938	$802K	0.03%
13	IJTS&P Smallcap 600/Barra Growth Index Fund	6,350	$795K	0.03%
14	PAYXPaychex Inc	6,662	$794K	0.03%
15	4I1Philip Morris International Inc	7,787	$733K	0.03%
16	LMTLockheed Martin Corporation	1,557	$706K	0.03%
17	GILDGilead Sciences Inc	8,492	$688K	0.03%
18	GQ9Spdr Gold Trust	3,571	$683K	0.02%
19	DEDeere & Company	1,705	$682K	0.02%
20	METAMeta Platforms Inc	1,917	$679K	0.02%
21	OKEOneok Inc	9,513	$668K	0.02%
22	VOTVanguard Mid-Cap Growth Index ETF	3,038	$667K	0.02%
23	SWKStanley Black & Decker Inc	6,785	$666K	0.02%
24	CMICummins Inc.	2,755	$660K	0.02%
25	WBAWalgreens Boots Alliance Inc	24,665	$644K	0.02%
26	JNPJuniper Networks Inc	21,448	$632K	0.02%
27	WELLWelltower Inc	6,990	$630K	0.02%
28	VGTVanguard Information Technology Index ETF	1,299	$629K	0.02%
29	TELTE Connectivity Ltd.	4,412	$620K	0.02%
30	XELXcel Energy	9,975	$618K	0.02%
31	KNXKnight-Swift Transportation Holdings Inc	10,566	$609K	0.02%
32	TTENTotalEnergies SE ADR	8,991	$606K	0.02%
33	DGXQuest Diagnostics Inc	4,292	$592K	0.02%
34	FLEXFlextronics International Ltd.	19,325	$589K	0.02%
35	VHTVanguard Health Care ETF	2,283	$572K	0.02%
36	DEODiageo Plc ADR	3,901	$568K	0.02%
37	IPGThe Interpublic Group of Companies, Inc.	17,086	$558K	0.02%
38	XLKTechnology Select Sector SPDR Fund	2,892	$557K	0.02%
39	IAU*iShares Gold Trust ETF	14,125	$551K	0.02%
40	TSCOTractor Supply Co	2,431	$523K	0.02%
41	MOAltria Group Inc	12,623	$509K	0.02%
42	BKNGBooking Holdings Inc	143	$507K	0.02%
43	UMBFUMB Finl	6,018	$503K	0.02%
44	VFCVF Corp	26,100	$491K	0.02%
45	OMCOmnicom Group Inc	5,628	$487K	0.02%
46	VOEVanguard Mid-Cap Value Index ETF	3,333	$483K	0.02%
47	AMTAmerican Tower Corp	2,226	$481K	0.02%
48	CAGConAgra Brands Inc	16,254	$466K	0.02%
49	PRFInvesco FTSE RAFI US 1000 ETF	12,805	$451K	0.02%
50	GVIiShares Intermediate Govt/Credit Bond ETF	4,244	$445K	0.02%
51	SCHGSchwab U.S. Large-Cap Growth ETF	5,326	$442K	0.02%
52	BNDXVanguard Total International Bond ETF	8,844	$437K	0.02%
53	ACNAccenture PLC	1,132	$397K	0.01%
54	NRCNational Research Corp	9,600	$380K	0.01%
55	GRMNGarmin Ltd	2,936	$377K	0.01%
56	SUSuncor Energy, Inc	11,455	$367K	0.01%
57	CRMSalesforce Inc	1,365	$359K	0.01%
58	TDToronto - Dominion Bank	5,522	$357K	0.01%
59	NTRSNorthern Trust Corporation	4,133	$349K	0.01%
60	MDYSPDR S&P MidCap 400 ETF Trust	675	$342K	0.01%
61	EFGiShares MSCI EAFE Growth Index ETF	3,520	$341K	0.01%
62	VYMVanguard High Dividend Yield ETF	3,041	$339K	0.01%
63	FITBFifth Third Bancorp	9,470	$327K	0.01%
64	LNTAlliant Energy Corporation	6,351	$326K	0.01%
65	BAXBaxter International Inc	8,350	$323K	0.01%
66	SNDRSchneider Natl Inc-Cl B	12,541	$319K	0.01%
67	VTVVanguard Value ETF	2,078	$311K	0.01%
68	ULUnilever Plc ADR	6,291	$305K	0.01%
69	PG4Principal Financial Group, Inc.	3,696	$291K	0.01%
70	ETEnergy Transfer L.P.	20,646	$285K	0.01%
71	PIPRPiper Sandler Companies	1,610	$282K	0.01%
72	PHParker-Hannifin Corporation	606	$279K	0.01%
73	XLEEnergy Select Sector SPDR Fund	3,311	$278K	0.01%
74	XYLXylem Inc	2,425	$277K	0.01%
75	MRTNMarten Transport Ltd	13,039	$274K	0.01%
76	DGRWWisdomTree U.S. Quality Dividend Growth Fund	3,867	$272K	0.01%
77	RFRegions Financial Corp	13,629	$264K	0.01%
78	EXRExtra Space Storage Inc	1,642	$263K	0.01%
79	JBHTHunt (JB) Transport Services Inc	1,304	$260K	0.01%
80	NDQInvesco QQQ Trust	634	$260K	0.01%
81	BKBank of New York Mellon Corporation	4,916	$256K	0.01%
82	SCHXSchwab U.S. Large-Cap ETF	4,515	$255K	0.01%
83	MRSHMarsh & Mclennan	1,338	$254K	0.01%
84	EPDEnterprise Products Partners L.P.	9,535	$251K	0.01%
85	KMIKinder Morgan Inc.	13,962	$246K	0.01%
86	BXBlackstone Inc	1,859	$243K	0.01%
87	SYFSynchrony Financial	6,265	$239K	0.01%
88	MFCManulife Financial Corp	10,470	$231K	0.01%
89	HTLDHeartland Express Inc	16,176	$231K	0.01%
90	ADIAnalog Devices, Inc.	1,131	$225K	0.01%
91	ADBEAdobe Inc	367	$219K	0.01%
92	IJSiShares S&P SmallCap 600 Value ETF	2,100	$216K	0.01%
93	STTState Street Corp	2,731	$212K	0.01%
94	TRVTravelers Companies, Inc	1,108	$211K	0.01%
95	PLDPrologis Inc	1,558	$208K	0.01%
96	IMCBIShares Morningstar Mid Core Index Fund	3,012	$202K	0.01%
97	EDConsolidated Edison	2,195	$200K	0.01%
98	CITCintas Corp	330	$199K	0.01%
99	XLFFinancial Select Sector SPDR Fund	5,216	$196K	0.01%
100	FDSFactSet Research Systems Inc	411	$196K	0.01%

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