Fund Holdings

FARMERS & MERCHANTS INVESTMENTS INC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
Exxon Mobil Corp265,450267,283+1,83331,944,25345,347,2341.25%+13,402,981
Vanguard FTSE Developed Markets ETF3,549,5703,649,530+99,960221,741,638233,861,8826.45%+12,120,244
iShares S&P Small Cap 600 Index ETF1,182,6181,213,599+30,981142,127,031150,862,4924.16%+8,735,461
iShares S&P Midcap 4001,832,1171,885,265+53,148120,919,722127,311,9453.51%+6,392,223
Chevron Corp(CVX)109,020109,712+69216,615,73822,699,4130.63%+6,083,675
Johnson & Johnson(JNJ)156,431157,191+76032,373,39538,423,7681.06%+6,050,373
Occidental Petroleum Corp(OXY)228,305231,611+3,3069,387,90215,054,7150.42%+5,666,813
Wesco International Inc(WCC)178,723175,597-3,12643,722,79548,046,8511.33%+4,324,056
Walmart, Inc(WMT)430,084418,464-11,62047,915,65852,006,7061.44%+4,091,048
Caterpillar Inc(CAT)25,13625,697+56114,399,66018,205,2970.50%+3,805,637
ConocoPhillips(COP)99,69899,441-2579,332,73013,126,2120.36%+3,793,482
Dell Technologies Inc Cl C(DELL)100,39599,895-50012,637,72316,395,7660.45%+3,758,043
Taiwan Semiconductor Manufacturing Company Ltd.(TSM)91,68093,376+1,69627,860,63531,556,4190.87%+3,695,784
ASML Holding
N Y REGISTRY SHS
11,92012,356+43612,752,73116,320,1750.45%+3,567,444
Air Products & Chemicals Inc69,98870,233+24517,288,43620,401,9840.56%+3,113,548
Verizon Communications(VZ)272,390277,639+5,24911,094,44513,937,4780.38%+2,843,033
Ross Stores Inc(ROST)78,71277,875-83714,179,18016,870,0610.47%+2,690,881
PepsiCo Inc(PEP)164,843169,402+4,55923,658,26726,306,4370.73%+2,648,170
Vanguard S/T Corp Bond ETF
SHRT TRM CORP BD
238,760272,160+33,40019,036,33521,574,1230.60%+2,537,788
Texas Instruments Inc(TXN)101,689103,491+1,80217,642,02520,091,7430.55%+2,449,718
Costco Wholesale Corp(COST)17,48417,463-2115,077,15317,400,6570.48%+2,323,504
New Linde PLC(LIN)31,54731,487-6013,451,32515,609,9950.43%+2,158,670
Enbridge Inc(ENB)280,005287,031+7,02613,392,63915,539,8580.43%+2,147,219
Merck & Co., Inc(MRK)116,482118,172+1,69012,260,89514,214,9100.39%+1,954,015
iShares Barclays MBS Bond Fund ETF125,469145,744+20,27511,947,15813,838,3930.38%+1,891,235
Phillips 66(PSX)35,79935,597-2024,619,5036,485,0610.18%+1,865,558
FedEx Corp(FDX)26,15326,183+307,554,5569,325,8610.26%+1,771,305
Berkshire Hathaway Inc Del Cl B New102,852111,548+8,69651,698,55853,453,8021.47%+1,755,244
SLB Ltd(SLB)134,609134,60905,166,2936,917,5570.19%+1,751,264
NextEra Energy Inc.(NEE)112,722115,628+2,9069,049,32210,739,5290.30%+1,690,207
Vanguard Short-Term Inflation -Protected Securities ETF321,170348,731+27,56115,885,06817,419,1130.48%+1,534,045
Digital Realty Trust Inc.(DLR)47,85549,446+1,5917,403,6478,910,6640.25%+1,507,017
ITT Inc.(ITT)56,45559,204+2,7499,795,50711,280,1380.31%+1,484,631
Union Pacific Corp(UNP)79,92882,296+2,36818,488,94519,966,6560.55%+1,477,711
Honeywell Intl Inc(HON)50,16249,696-4669,786,10511,232,7870.31%+1,446,682
S&P Global Inc.(SPGI)6,30610,943+4,6373,295,4534,654,4960.13%+1,359,043
Amcor PLC
COM NEW
032,890+32,89001,307,3850.04%+1,307,385
American Elec Pwr Inc63,49665,496+2,0007,321,7248,585,2160.24%+1,263,492
Vanguard Total Bond Market ETF787,867808,536+20,66958,357,30959,540,5911.64%+1,183,282
Lam Research Corp(LRCX)16,52018,505+1,9852,827,8943,953,7780.11%+1,125,884
Johnson Controls International
SHS
58,57461,784+3,2107,014,2378,090,6150.22%+1,076,378
Target Corp(TGT)47,25146,469-7824,618,7855,632,0430.16%+1,013,258
RTX Corp(RTX)115,429114,879-55021,169,67922,160,1590.61%+990,480
Federal Realty Investment Trust REIT(FRT)21,10828,744+7,6362,127,6863,052,9000.08%+925,214
Starbucks Corp(SBUX)140,742142,484+1,74211,851,88412,765,1420.35%+913,258
Realty Income Corp(O)107,458113,121+5,6636,057,4076,920,7430.19%+863,336
iShares GNMA Bond ETF
GNMA BOND ETF
299,939320,604+20,66513,359,28314,212,3750.39%+853,092
Duke Energy Corporation(DUK)55,23355,535+3026,473,8607,271,7530.20%+797,893
Coca-Cola Co(KO)112,544113,717+1,1737,867,9518,648,1780.24%+780,227
GE Vernova Inc(GEV)1,9252,287+3621,258,1221,996,3220.06%+738,200
Amgen Inc(AMGN)25,48725,801+3148,342,1509,078,0820.25%+735,932
Mondelez International Inc - A(MDLZ)175,097176,097+1,0009,425,47210,150,2310.28%+724,759
Dover Corp(DOV)84,07882,171-1,90716,415,38917,128,5450.47%+713,156
iShares iBoxx H/Y Corp Bond Fund ETF162,343173,303+10,96013,089,71613,787,9870.38%+698,271
Waste Management Inc(WM)68,41668,416015,031,67915,721,3130.43%+689,634
Fortis Inc(FTS)91,79095,942+4,1524,767,5735,352,6040.15%+585,031
AptarGroup Inc64,81166,982+2,1717,904,3508,441,0720.23%+536,722
Spdr Gold Trust(GLD)3,7114,636+9251,470,7061,994,8240.06%+524,118
Pfizer Inc(PFE)185,615182,352-3,2634,621,8145,120,4440.14%+498,630
McDonald's Corp(MCD)66,76667,249+48320,405,69320,900,3170.58%+494,624
Bristol Myers Squibb Co(BMY)59,78861,092+1,3043,224,9653,705,2300.10%+480,265
GE Aerospace(GE)5,7737,916+2,1431,778,2572,246,3230.06%+468,066
WEC Energy Group Inc(WEC)29,51830,724+1,2063,112,9683,556,9170.10%+443,949
Illinois Tool Works Inc(ITW)37,02936,739-2909,120,2439,562,7940.26%+442,551
Dow Inc(DOW)29,34526,531-2,814686,0861,105,0160.03%+418,930
Cisco Systems Inc(CSCO)302,120305,157+3,03723,272,30423,677,1320.65%+404,828
Piper Sandler Companies(PIPR)05,240+5,2400401,1220.01%+401,122
Novartis AG - ADR(NVS)37,85836,665-1,1935,219,4825,600,5790.15%+381,097
Evergy Inc(EVRG)40,80340,445-3582,957,8093,313,2540.09%+355,445
Procter & Gamble Co(PG)133,984135,346+1,36219,201,17519,549,3040.54%+348,129
Waters Corp(WAT)481,225+1,17718,232364,8050.01%+346,573
Solstice Advanced Materials Inc(SOLS)12,08012,166+86586,846926,5630.03%+339,717
TJX Companies Inc(TJX)83,89982,825-1,07412,887,72513,227,1530.36%+339,428
Nucor Corp(NUE)74,72574,013-71212,188,39512,515,5980.35%+327,203
Schwab US Dividend Equity ETF35,02241,612+6,590960,6531,276,6560.04%+316,003
W W Grainger Inc(GWW)8,6748,311-3638,752,5009,065,7220.25%+313,222
SPDR Russell 1000 Low Volatility Focus ETF
ST STR R1K LOWV
02,332+2,3320312,8840.01%+312,884
AT&T Inc(T)59,36260,967+1,6051,474,5521,767,4330.05%+292,881
Huntington Ingalls Industries(HII)9,5709,307-2633,254,4703,535,7290.10%+281,259
Vanguard Short-Term Bond ETF163,786168,036+4,25012,907,97513,175,7030.36%+267,728
iShares Core S&P Total US Stock Market ETF17,02719,464+2,4372,531,7452,772,2580.08%+240,513
Suncor Energy, Inc(SU)10,91510,9150484,189721,5910.02%+237,402
State Street Energy Select Sector SPDR ETF
ST STR ENERG ETF
7,1229,011+1,889318,425552,0140.02%+233,589
ATI Inc(ATI)42,11134,723-7,3884,832,6585,050,8080.14%+218,150
Versant Media Group Inc(VSNT)05,692+5,6920210,7180.01%+210,718
iShares Russell Midcap Value Index Fund43,19943,19906,093,2196,295,8220.17%+202,603
CSX Corp(CSX)45,65745,127-5301,655,0661,852,4630.05%+197,397
iShares Barclays Aggregate Bond Fund80,19482,645+2,4518,009,7778,204,1690.23%+194,392
BlackRock 2037 Municipal Target Term Trust ETF
COM
06,091+6,0910158,0010.00%+158,001
Vanguard Small-Cap Index ETF14,19614,578+3823,661,8583,818,2700.11%+156,412
iShares Core MSCI International Developed Markets ETF
CORE MSCI INTL
01,862+1,8620155,6070.00%+155,607
Eaton Corp PLC(ETN)3,7583,778+201,196,9611,351,2770.04%+154,316
Lockheed Martin Corporation(LMT)1,1851,177-8573,149711,3670.02%+138,218
AMETEK Inc28,85328,267-5865,923,8096,059,3140.17%+135,505
Shell PLC(SHEL)9,2798,779-500681,821816,4470.02%+134,626
Applied Materials Common1,4691,497+28377,518511,6600.01%+134,142
Deere & Company(DE)1,2941,307+13602,448736,2330.02%+133,785
Netflix Inc.(NFLX)57,65057,600-505,405,2645,538,2400.15%+132,976
iShares MSCI Japan ETF
MSCI JAPAN ETF
3481,874+1,52628,098158,2410.00%+130,143
State Street SPDR Portfolio Emerging Markets ETF
ST PORT MARK ETF
02,768+2,7680129,8470.00%+129,847
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