Farmers & Merchants Investments Inc Top Holdings and 13F Report (2023)

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About Farmers & Merchants Investments Inc

Investment Activity

Farmers & Merchants Investments Inc has $2.96 billion in total holdings as of June 30, 2023.
Farmers & Merchants Investments Inc owns shares of 1,740 different stocks, but just 79 companies or ETFs make up 80% of its holdings.
Approximately 4.61% of the portfolio was purchased this quarter.
About 1.16% of the portfolio was sold this quarter.
This quarter, Farmers & Merchants Investments Inc has purchased 1,754 new stocks and bought additional shares in 109 stocks.
Farmers & Merchants Investments Inc sold shares of 276 stocks and completely divested from 41 stocks this quarter.

Largest Holdings

iShares Core S&P 500 ETF: $197,712,333
Vanguard FTSE Developed Markets Index Fund ETF Shares: $144,642,217
Nelnet: $114,199,579
Microsoft: $113,035,263
iShares Core S&P Small-Cap ETF: $103,966,053

Largest New Holdings this Quarter

Hartford Quality Value ETF: $275,481 Holding
Nextracker: $149,734 Holding
Invesco S&P 500 Equal Weight Technology ETF: $130,555 Holding
Goldman Sachs ActiveBeta International Equity ETF: $76,021 Holding
iShares Robotics and Artificial Intelligence Multisector ETF: $56,231 Holding

Largest Purchases this Quarter

iShares Core S&P Mid-Cap ETF: 1,191,961 shares (about $72.40M)
Walmart: 316,259 shares (about $19.03M)
Palo Alto Networks: 23,788 shares (about $6.76M)
Taiwan Semiconductor Manufacturing: 49,337 shares (about $6.71M)
iShares Core S&P 500 ETF: 5,892 shares (about $3.10M)

Largest Sales this Quarter

Expeditors International of Washington: 31,247 shares (about $3.80M)
Berkshire Hathaway: 5 shares (about $3.17M)
Texas Instruments: 14,103 shares (about $2.46M)
Black Hills: 22,855 shares (about $1.25M)
Berkshire Hathaway: 2,944 shares (about $1.24M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
IVV iShares Core S&P 500 ETF	$197,712,333	$3,097,601 ▲	1.6%	376,072	6.7%	ETF
VEA Vanguard FTSE Developed Markets Index Fund ETF Shares	$144,642,217	$2,960,130 ▲	2.1%	2,883,042	4.9%	ETF
NNI Nelnet	$114,199,579	$1,592,013 ▲	1.4%	1,206,546	3.9%	Finance
MSFT Microsoft	$113,035,263	$621,824 ▲	0.6%	268,671	3.8%	Computer and Technology
IJR iShares Core S&P Small-Cap ETF	$103,966,053	$2,909,992 ▲	2.9%	940,699	3.5%	ETF
IJH iShares Core S&P Mid-Cap ETF	$89,992,323	$72,399,711 ▲	411.5%	1,481,599	3.0%	ETF
AAPL Apple	$79,150,195	$204,747 ▼	-0.3%	461,571	2.7%	Computer and Technology
VWO Vanguard FTSE Emerging Markets ETF	$61,788,732	$2,171,831 ▲	3.6%	1,479,261	2.1%	ETF
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	$49,764,472	$85,987 ▲	0.2%	1,011,062	1.7%	Manufacturing
BRK.B Berkshire Hathaway	$41,635,265	$1,238,011 ▼	-2.9%	99,009	1.4%	Finance
BND Vanguard Total Bond Market ETF	$40,873,041	$1,698,089 ▲	4.3%	562,757	1.4%	ETF
LLY Eli Lilly and Company	$38,843,543	$24,117 ▲	0.1%	49,930	1.3%	Medical
AMD Advanced Micro Devices	$37,365,942	$233,735 ▼	-0.6%	207,025	1.3%	Computer and Technology
LOW Lowe's Companies	$34,645,827	$509,205 ▼	-1.4%	136,010	1.2%	Retail/Wholesale
BRK.A Berkshire Hathaway	$33,625,320	$3,172,200 ▼	-8.6%	53	1.1%	Finance
JPM JPMorgan Chase & Co.	$32,986,005	$224,536 ▼	-0.7%	164,683	1.1%	Finance
WCC WESCO International	$32,577,285	$95,917 ▼	-0.3%	190,199	1.1%	Computer and Technology
AVGO Broadcom	$32,393,020	$318,098 ▼	-1.0%	24,440	1.1%	Computer and Technology
XOM Exxon Mobil	$31,470,353	$56,260 ▲	0.2%	270,736	1.1%	Oils/Energy
UNH UnitedHealth Group	$31,426,312	$100,424 ▼	-0.3%	63,526	1.1%	Medical
PEP PepsiCo	$29,562,689	$38,677 ▲	0.1%	168,920	1.0%	Consumer Staples
ORCL Oracle	$28,850,230	$518,267 ▼	-1.8%	229,681	1.0%	Computer and Technology
WMT Walmart	$28,507,523	$19,029,304 ▲	200.8%	473,783	1.0%	Retail/Wholesale
JNJ Johnson & Johnson	$25,554,645	$356,244 ▼	-1.4%	161,544	0.9%	Medical
ICLR ICON Public	$25,404,539	$766,974 ▲	3.1%	75,620	0.9%	Medical
CVS CVS Health	$24,516,310	$195,412 ▼	-0.8%	307,376	0.8%	Retail/Wholesale
APH Amphenol	$24,317,395	$248,925 ▼	-1.0%	210,814	0.8%	Computer and Technology
GOOGL Alphabet	$23,985,645	$127,536 ▼	-0.5%	158,919	0.8%	Computer and Technology
PG Procter & Gamble	$23,590,501	$67,658 ▼	-0.3%	145,396	0.8%	Consumer Staples
ROP Roper Technologies	$22,362,934	$597,855 ▲	2.7%	39,874	0.8%	Computer and Technology
GOOG Alphabet	$22,053,795	$265,998 ▼	-1.2%	144,843	0.7%	Computer and Technology
UNP Union Pacific	$21,873,260	$166,249 ▼	-0.8%	88,941	0.7%	Transportation
EMR Emerson Electric	$21,361,523	$846,567 ▲	4.1%	188,340	0.7%	Industrial Products
AMZN Amazon.com	$20,912,175	$1,001,650 ▲	5.0%	115,934	0.7%	Retail/Wholesale
ABT Abbott Laboratories	$20,810,578	$105,590 ▼	-0.5%	183,095	0.7%	Medical
MCD McDonald's	$20,365,812	$24,248 ▲	0.1%	72,232	0.7%	Retail/Wholesale
TXN Texas Instruments	$19,933,979	$2,456,884 ▼	-11.0%	114,425	0.7%	Computer and Technology
V Visa	$19,594,486	$37,118 ▲	0.2%	70,211	0.7%	Business Services
CVX Chevron	$19,430,098	$98,903 ▼	-0.5%	123,178	0.7%	Oils/Energy
DIS Walt Disney	$18,861,305	$100,090 ▼	-0.5%	154,146	0.6%	Consumer Discretionary
MRK Merck & Co., Inc.	$18,118,714	$667,271 ▲	3.8%	137,315	0.6%	Medical
APD Air Products and Chemicals	$17,556,822	$101,511 ▼	-0.6%	72,468	0.6%	Basic Materials
VCSH Vanguard Short-Term Corporate Bond ETF	$17,506,463	$10,360 ▼	-0.1%	226,445	0.6%	ETF
BSV Vanguard Short-Term Bond ETF	$17,211,035	$19,168 ▼	-0.1%	224,482	0.6%	ETF
CMCSA Comcast	$17,103,786	$46,991 ▼	-0.3%	394,551	0.6%	Consumer Discretionary
VOO Vanguard S&P 500 ETF	$17,102,825		0.0%	35,579	0.6%	ETF
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	$16,602,793	$163,401 ▼	-1.0%	346,686	0.6%	Manufacturing
NUE Nucor	$16,289,941	$98,950 ▼	-0.6%	82,314	0.6%	Basic Materials
SYK Stryker	$16,196,480	$125,254 ▼	-0.8%	45,258	0.5%	Medical
ABBV AbbVie	$16,182,681	$56,087 ▲	0.3%	88,867	0.5%	Medical
New Linde PLC	$16,060,829	$193,157 ▼	-1.2%	34,590	0.5%	SHS
DOV Dover	$16,033,746	$42,880 ▼	-0.3%	90,489	0.5%	Industrial Products
SYY Sysco	$15,965,914	$301,503 ▼	-1.9%	196,673	0.5%	Consumer Staples
BAC Bank of America	$15,849,953	$134,806 ▼	-0.8%	417,984	0.5%	Finance
CSCO Cisco Systems	$15,760,580	$393,890 ▼	-2.4%	315,780	0.5%	Computer and Technology
WM Waste Management	$15,741,128	$66,290 ▼	-0.4%	73,850	0.5%	Business Services
OXY Occidental Petroleum	$15,712,697	$88,126 ▲	0.6%	241,771	0.5%	Oils/Energy
IWM iShares Russell 2000 ETF	$15,308,788	$107,463 ▼	-0.7%	72,795	0.5%	Finance
AMP Ameriprise Financial	$14,886,353		0.0%	33,953	0.5%	Finance
HON Honeywell International	$14,409,987	$98,110 ▲	0.7%	70,207	0.5%	Multi-Sector Conglomerates
HD Home Depot	$14,198,954	$54,471 ▼	-0.4%	37,015	0.5%	Retail/Wholesale
MET MetLife	$13,871,391	$355,283 ▲	2.6%	187,173	0.5%	Financial Services
COST Costco Wholesale	$13,500,173	$2,253,570 ▲	20.0%	18,427	0.5%	Retail/Wholesale
COP ConocoPhillips	$13,463,169	$123,716 ▲	0.9%	105,776	0.5%	Oils/Energy
COF Capital One Financial	$13,344,266	$94,396 ▼	-0.7%	89,625	0.5%	Finance
FI Fiserv	$13,330,426	$39,955 ▼	-0.3%	83,409	0.5%	Business Services
ROST Ross Stores	$13,313,187	$146,760 ▼	-1.1%	90,714	0.4%	Retail/Wholesale
AFL Aflac	$13,300,401	$34,344 ▼	-0.3%	154,908	0.4%	Finance
MDLZ Mondelez International	$13,236,580	$793,100 ▼	-5.7%	189,094	0.4%	Consumer Staples
GS The Goldman Sachs Group	$13,057,407	$151,204 ▼	-1.1%	31,261	0.4%	Finance
SBUX Starbucks	$12,594,365	$25,498 ▼	-0.2%	137,809	0.4%	Retail/Wholesale
ADP Automatic Data Processing	$12,565,918	$11,238 ▼	-0.1%	50,316	0.4%	Business Services
NKE NIKE	$12,259,691	$152,624 ▲	1.3%	130,450	0.4%	Consumer Discretionary
MDT Medtronic	$12,215,467	$322,368 ▼	-2.6%	140,166	0.4%	Medical
DELL Dell Technologies	$12,118,482	$114,110 ▲	1.0%	106,200	0.4%	Computer and Technology
QCOM QUALCOMM	$11,960,876	$120,203 ▼	-1.0%	70,649	0.4%	Computer and Technology
USB U.S. Bancorp	$11,887,920	$269,228 ▼	-2.2%	265,949	0.4%	Finance
RTX RTX	$11,511,856	$407,675 ▼	-3.4%	118,034	0.4%	Aerospace
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$11,497,433	$596,889 ▲	5.5%	147,915	0.4%	ETF
VZ Verizon Communications	$11,420,463	$166,959 ▼	-1.4%	272,175	0.4%	Computer and Technology
WFC Wells Fargo & Company	$11,241,632	$508,831 ▼	-4.3%	193,955	0.4%	Finance
ENB Enbridge	$10,910,332	$33,322 ▼	-0.3%	301,557	0.4%	Oils/Energy
BLK BlackRock	$10,646,349	$50,856 ▼	-0.5%	12,770	0.4%	Finance
ITW Illinois Tool Works	$10,559,859	$8,855 ▼	-0.1%	39,354	0.4%	Industrial Products
PYPL PayPal	$10,515,822	$121,386 ▲	1.2%	156,976	0.4%	Computer and Technology
TGT Target	$10,394,961	$35,442 ▲	0.3%	58,659	0.4%	Retail/Wholesale
IWP iShares Russell Mid-Cap Growth ETF	$10,351,014	$141,990 ▼	-1.4%	90,687	0.3%	ETF
AME AMETEK	$10,043,954	$31,825 ▼	-0.3%	54,915	0.3%	Computer and Technology
GWW W.W. Grainger	$10,039,734	$70,194 ▼	-0.7%	9,869	0.3%	Industrial Products
CAT Caterpillar	$9,791,742	$43,605 ▲	0.4%	26,722	0.3%	Industrial Products
DHR Danaher	$9,740,079		0.0%	39,004	0.3%	Multi-Sector Conglomerates
IVW iShares S&P 500 Growth ETF	$9,430,681	$676 ▲	0.0%	111,685	0.3%	ETF
BAH Booz Allen Hamilton	$8,857,415	$363,975 ▼	-3.9%	59,670	0.3%	Business Services
TJX TJX Companies	$8,765,731	$92,292 ▼	-1.0%	86,430	0.3%	Retail/Wholesale
ITT ITT	$8,605,530	$235,196 ▼	-2.7%	63,262	0.3%	Multi-Sector Conglomerates
BMY Bristol-Myers Squibb	$8,003,751	$331,671 ▼	-4.0%	147,589	0.3%	Medical
ATR AptarGroup	$7,898,985	$41,440 ▼	-0.5%	54,896	0.3%	Industrial Products
MBB iShares MBS ETF	$7,785,830	$2,086,474 ▲	36.6%	84,244	0.3%	ETF
DAL Delta Air Lines	$7,604,437	$13,834 ▼	-0.2%	158,856	0.3%	Transportation
FDX FedEx	$7,579,598		0.0%	26,160	0.3%	Transportation

Showing largest 100 holdings. View all holdings.

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Farmers & Merchants Investments Inc Top Holdings and 13F Report (2023)

About Farmers & Merchants Investments Inc

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

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Farmers & Merchants Investments Inc Top Holdings and 13F Report (2023)

About Farmers & Merchants Investments Inc

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofFarmers & Merchants Investments Inc

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information