FARMERS & MERCHANTS INVESTMENTS INC Q4 2025 Filing

Filed February 3, 2026

Portfolio Value

$3.6B

Holdings

1,721

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,721 positions)

StockValue
VOEVanguard Mid-Cap Value Index ETF
$962K
SCHDSchwab US Dividend Equity ETF
$960K
KVUEKenvue Inc
$923K
VOTVanguard Mid-Cap Growth Index ETF
$910K
TMUST-Mobile US, Inc.
$907K
CARRCarrier Global Corp
$905K
IJTS&P Smallcap 600/Barra Growth Index Fund
$896K
EXPDExpeditors International of Washington, Inc.
$892K
WMBThe Williams Companies, Inc.
$850K
DDominion Energy Inc
$850K
XLKState Street Technology Select Sector SPDR ETF
$819K
TEXTerex Corporation
$816K
MOAltria Group Inc
$745K
ZBHZimmer Biomet Holdings Inc
$719K
VGTVanguard Information Technology Index ETF
$711K
MTBM&T Bank Corporation
$701K
RALRalliant Corp
$695K
SCHGSchwab U.S. Large-Cap Growth ETF
$694K
BIIBBiogen Inc
$693K
DOWDow Inc
$686K
OMCOmnicom Group Inc
$684K
SHELShell PLC
$681K
VTVVanguard Value ETF
$679K
DGXQuest Diagnostics Inc
$666K
PAYXPaychex Inc
$652K
AQLTiShares Core MSCI EAFE ETF
$646K
VHTVanguard Health Care ETF
$633K
BKNGBooking Holdings Inc
$626K
DEDeere & Company
$602K
INTCIntel Corp
$595K
SAFESafehold Inc REIT
$593K
BKBank of New York Mellon Corporation
$593K
SOLSSolstice Advanced Materials Inc
$586K
TFCTruist Financial Corp
$583K
LMTLockheed Martin Corporation
$573K
NTRSNorthern Trust Corporation
$564K
NDQInvesco QQQ Trust
$543K
TTETotalEnergies SE
$506K
ULUnilever PLC ADR
$494K
TSCOTractor Supply Co
$484K
SUSuncor Energy, Inc
$484K
MPLXMPLX LP
$466K
UMBFUMB Finl
$466K
AQLTiShares DJ Select Dividend Index ETF
$464K
GRMNGarmin Ltd
$463K
PLTRPalantir Technologies Inc.
$454K
PIPRPiper Sandler Companies
$445K
FITBFifth Third Bancorp
$443K
TDToronto - Dominion Bank
$426K
VLTOVeralto Corp
$419K
VKTXViking Therapeutics Inc
$417K
EFGiShares MSCI EAFE Growth Index ETF
$411K
WERNWerner Enterprises, Inc.
$407K
SAICScience Applications Intl Corp
$406K
SYFSynchrony Financial
$391K
BNBrookfield Corp
$388K
MDYSPDR S&P MidCap 400 ETF Trust
$384K
AMATApplied Materials Common
$377K
KNXKnight-Swift Transportation Holdings Inc
$373K
RFRegions Financial Corp
$371K
ETEnergy Transfer L.P.
$371K
BXBlackstone Inc
$359K
STTState Street Corp
$350K
SCHXSchwab U.S. Large-Cap ETF
$348K
AXPAmerican Express Co
$348K
MFCManulife Financial Corp
$332K
RHCRH PLC
$327K
CMECME Group, Inc
$322K
TRVTravelers Companies, Inc
$321K
XLEState Street Energy Select Sector SPDR ETF
$318K
AMTAmerican Tower Corp
$309K
GMGeneral Motors Co
$300K
CGXUCapital Group International Focus Equity ETF
$294K
FNDFSchwab Fundamental Intl Equity ETF
$293K
PIIPolaris Inc
$290K
TELTE Connectivity PLC
$282K
XLFState Street Financial Select Sector SPDR ETF
$281K
KMIKinder Morgan Inc.
$277K
EPDEnterprise Products Partners L.P.
$273K
ACNAccenture PLC
$271K
MKLMarkel Group Inc
$268K
VYMVanguard High Dividend Yield ETF
$264K
XYLXylem Inc
$264K
STXSeagate Technology Holdings PLC
$262K
SFNCSimmons First National Corp
$258K
XELXcel Energy
$255K
JBHTHunt (JB) Transport Services Inc
$253K
IMCBIShares Morningstar Mid Core Index Fund
$249K
MRSHMarsh
$248K
OKEOneok Inc
$248K
CITCintas Corp
$246K
PG4Principal Financial Group, Inc.
$241K
IJSiShares S&P SmallCap 600 Value ETF
$238K
MFDXPIMCO RAFI Dynamic Multi-Factor International Equity ETF
$230K
GILGildan Activewear Inc
$225K
MUMicron Technology
$222K
CASYCasey's General Stores, Inc.
$221K
PLDPrologis Inc
$219K
LNTAlliant Energy Corporation
$219K
CTVACorteva, Inc.
$218K
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