Fund HoldingsFARMERS & MERCHANTS INVESTMENTS INC

Total Portfolio Value
$2.65B
Total Bought
$144.15M
Total Sold
$73.57M
Net Transaction
+$70.58M
Filing Period:
Securities
SharesValue ($K)
Q1 2023
Q2 2023
Change
Q1 2023
Q2 2023
Weight (%)
Change
Microsoft Corp(MSFT)267,220269,934+2,71477,04091,9233.47%+14,884
Apple Inc(AAPL)472,526475,199+2,67377,92092,1743.48%+14,255
iShares S&P 500 Index Fund327,391330,166+2,775134,584147,1585.55%+12,574
Lilly Eli & Co(LLY)55,53054,236-1,29419,07025,4360.96%+6,365
Nelnet, Inc.(NNI)1,369,8661,370,111+245125,877132,1884.98%+6,311
Oracle Corp(ORCL)234,263233,845-41821,76827,8491.05%+6,081
iShares S&P Midcap 400256,344268,160+11,81664,12770,1182.64%+5,991
Broadcom Inc(AVGO)24,17524,130-4515,50920,9310.79%+5,422
Berkshire Hathaway Inc Del Cl A8889+140,97346,0851.74%+5,112
Wesco International Inc(WCC)189,580191,090+1,51029,29834,2171.29%+4,919
Vanguard FTSE Developed Markets ETF2,679,3522,719,649+40,297121,026125,5934.74%+4,567
iShares S&P Small Cap 600 Index ETF822,111840,159+18,04879,49883,7223.16%+4,224
Lowe's Companies, Inc(LOW)159,778158,886-89231,95135,8611.35%+3,910
Berkshire Hathaway Inc Del Cl B New102,732103,724+99231,72135,3701.33%+3,649
Advanced Micro Devices Inc(AMD)189,670192,530+2,86018,59021,9310.83%+3,342
ICON PLC(ICLR)70,55773,075+2,51815,07018,2830.69%+3,213
Roper Technologies Inc(ROP)34,22037,548+3,32815,08018,0530.68%+2,973
Amazon.com, Inc.(AMZN)102,766103,252+48610,61513,4600.51%+2,845
Alphabet Inc Class A(GOOG)156,393158,334+1,94116,22318,9530.71%+2,730
JPMorgan Chase & Co.(JPM)174,549175,074+52522,74525,4630.96%+2,717
Alphabet Inc Class C(GOOG)148,573147,468-1,10515,45217,8390.67%+2,388
Johnson & Johnson(JNJ)162,281164,235+1,95425,15427,1841.03%+2,031
Delta Air Lines Inc(DAL)0156,905+156,90507,4590.28%+7,459
Vanguard FTSE Emerging Markets ETF1,315,9451,355,261+39,31653,16455,1322.08%+1,968
International Business Machines Corp(IBM)033,856+33,85604,5300.17%+4,530
Walmart, Inc(WMT)161,560161,659+9923,82225,4100.96%+1,588
Ameriprise Financial Inc(AMP)32,70334,953+2,25010,02311,6100.44%+1,587
Dell Technologies Inc Cl C(DELL)0105,200+105,20005,6920.21%+5,692
Abbott Laboratories190,368190,090-27819,27720,7240.78%+1,447
Standard and Poor's Depositary Receipts 500 ETF Trust(SPY)011,804+11,80405,2320.20%+5,232
Comcast Corp Class A(CCZ)401,638399,174-2,46415,22616,5860.63%+1,360
McDonald's Corp(MCD)74,36574,186-17920,79322,1380.83%+1,345
Raytheon Technologies Corp(RTX)109,889123,392+13,50310,76112,0870.46%+1,326
VMware Inc.045,741+45,74106,5730.25%+6,573
PepsiCo Inc(PEP)164,058168,162+4,10429,90831,1471.17%+1,239
Merck & Co., Inc(MRK)133,607133,800+19314,21415,4390.58%+1,225
Honeywell Intl Inc(HON)69,29169,630+33913,24314,4480.54%+1,205
Booz Allen Hamilton Holding Corp062,297+62,29706,9520.26%+6,952
Capital One Financial Common(COF)91,15090,708-4428,7659,9210.37%+1,156
W W Grainger Inc(GWW)10,69810,791+937,3698,5100.32%+1,141
Stryker Corp(SYK)44,85845,608+75012,80613,9150.52%+1,109
NVIDIA Corporation(NVDA)06,989+6,98902,9560.11%+2,956
Air Products & Chemicals Inc74,09574,682+58721,28122,3690.84%+1,089
Vanguard S&P 500 ETF37,25737,008-24914,01115,0730.57%+1,061
Medtronic PLC(MDT)145,122144,653-46911,70012,7440.48%+1,044
Rockwell Automation Inc.(ROK)017,987+17,98705,9260.22%+5,926
Aflac Inc common(AFL)166,568167,104+53610,74711,6640.44%+917
Digital Realty Trust Inc.(DLR)046,557+46,55705,3010.20%+5,301
Vanguard Total Bond Market ETF446,340464,771+18,43132,95333,7841.27%+831
AMETEK Inc044,746+44,74607,2430.27%+7,243
Waste Management Inc(WM)74,36474,265-9912,13412,8790.49%+745
iShares S&P 500 Growth Index Fund112,641112,64107,1977,9390.30%+742
iShares Russell 2000 Index Fund73,30073,665+36513,07713,7950.52%+719
Amphenol Corp Cl A211,504211,636+13217,28417,9780.68%+694
Emerson Electric Co(EMR)184,032184,802+77016,03716,7040.63%+668
Novartis AG - ADR(NVS)049,485+49,48504,9940.19%+4,994
Nucor Corp(NUE)85,62184,564-1,05713,22613,8670.52%+641
iShares Russell 2000 Growth Index Fd017,491+17,49104,2440.16%+4,244
Netflix Inc.(NFLX)05,760+5,76002,5370.10%+2,537
Illinois Tool Works Inc(ITW)39,23040,337+1,1079,55110,0910.38%+540
Costco Wholesale Corp(COST)15,47615,278-1987,6908,2250.31%+536
Ross Stores Inc(ROST)92,70292,414-2889,83810,3620.39%+524
Visa Inc.(V)71,66870,210-1,45816,15816,6730.63%+515
FedEx Corp(FDX)026,160+26,16006,4850.24%+6,485
Schlumberger Ltd(SLB)0136,060+136,06006,6830.25%+6,683
ITT Inc.(ITT)068,162+68,16206,3530.24%+6,353
Edwards Lifesciences Corp074,054+74,05406,9860.26%+6,986
Expeditors International of Washington, Inc.(EXPD)045,249+45,24905,4810.21%+5,481
iShares Russell Mid-Cap Growth ETF96,65795,889-7688,8019,2660.35%+465
New Linde PLC(LIN)37,86736,511-1,35613,45913,9140.52%+454
Fiserv Inc(FISV)92,59286,549-6,04310,46610,9180.41%+452
Becton Dickinson and Co(BDX)028,414+28,41407,5020.28%+7,502
Procter & Gamble Co(PG)151,765151,582-18322,56623,0010.87%+435
ConocoPhillips(COP)100,147100,074-739,93610,3690.39%+433
Home Depot Inc(HD)38,16037,620-54011,26211,6860.44%+424
Ecolab Inc(ECL)016,612+16,61203,1010.12%+3,101
Lennox International Inc.(LII)05,549+5,54901,8090.07%+1,809
TJX Companies Inc(TJX)90,17987,344-2,8357,0667,4060.28%+339
Chevron Corp(CVX)117,558123,694+6,13619,18119,4630.73%+282
Stanley Black & Decker Inc(SWK)020,785+20,78501,9480.07%+1,948
Carrier Global Corp(CARR)075,555+75,55503,7560.14%+3,756
National Research Corp010,400+10,40004530.02%+453
LAM Research Corp(LRCX)02,296+2,29601,4760.06%+1,476
Caterpillar Inc(CAT)026,722+26,72206,5750.25%+6,575
Federal Signal Corporation(FSS)024,590+24,59001,5740.06%+1,574
Baxter International Inc048,285+48,28502,2000.08%+2,200
CSX Corp(CSX)055,560+55,56001,8950.07%+1,895
Fortive Corp(FTV)041,470+41,47003,1010.12%+3,101
Wells Fargo(WFC)229,377205,669-23,7088,5748,7780.33%+204
Union Pacific Corp(UNP)89,36888,827-54117,98618,1760.69%+190
Tesla Inc(TSLA)02,762+2,76207230.03%+723
Mastercard Inc - Class A(MA)06,370+6,37002,5050.09%+2,505
Polaris Inc(PII)017,618+17,61802,1310.08%+2,131
Vanguard Dividend Appreciation Index ETF020,376+20,37603,3100.12%+3,310
Welltower Inc(WELL)06,975+6,97505640.02%+564
Vanguard Small-Cap Index ETF019,645+19,64503,9070.15%+3,907
Terex Corporation(TEX)015,456+15,45609250.03%+925
Blackrock Inc(BLK)13,17213,008-1648,8148,9900.34%+177
Zoetis Inc(ZTS)030,740+30,74005,2940.20%+5,294
Otis Worldwide Corp(OTIS)042,598+42,59803,7920.14%+3,792
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