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

About Farmers & Merchants Investments Inc

Investment Activity

Farmers & Merchants Investments Inc has $4.13 billion in total holdings as of June 30, 2023.
Farmers & Merchants Investments Inc owns shares of 1,760 different stocks, but just 72 companies or ETFs make up 80% of its holdings.
Approximately 2.27% of the portfolio was purchased this quarter.
About 1.50% of the portfolio was sold this quarter.
This quarter, Farmers & Merchants Investments Inc has purchased 1,760 new stocks and bought additional shares in 192 stocks.
Farmers & Merchants Investments Inc sold shares of 390 stocks and completely divested from 62 stocks this quarter.

Largest Holdings

iShares Core S&P 500 ETF: $292,508,196
Vanguard FTSE Developed Markets ETF: $267,603,885
iShares Core S&P Small-Cap ETF: $165,604,132
Nelnet: $157,242,869
iShares Core S&P Mid-Cap ETF: $149,511,432

Largest New Holdings this Quarter

438516205 - Honeywell International Inc: $5,522,829 Holding
43849R105 - Honeywell Aerospace Inc: $5,453,270 Holding
314352105 - Fedex Freight Holding Co Inc: $1,961,641 Holding
46138G649 - Invesco NASDAQ 100 ETF: $159,665 Holding
573874104 - Marvell Technology: $131,369 Holding

Largest Purchases this Quarter

Vanguard FTSE Developed Markets ETF: 106,314 shares (about $7.57M)
Corpay Inc: 22,016 shares (about $7.34M)
National Research: 330,549 shares (about $7.13M)
Honeywell International Inc: 24,667 shares (about $5.52M)
Honeywell Aerospace Inc: 24,667 shares (about $5.45M)

Largest Sales this Quarter

iShares Core S&P Small-Cap ETF: 96,991 shares (about $14.38M)
Vanguard FTSE Emerging Markets ETF: 100,161 shares (about $5.98M)
PayPal: 74,830 shares (about $3.23M)
Broadcom: 7,703 shares (about $2.91M)
Vanguard Short-Term Corporate Bond ETF: 20,600 shares (about $1.63M)

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	$292,508,196	$2,097,641 â–²	0.7%	390,589	7.1%	ETF
VEA Vanguard FTSE Developed Markets ETF	$267,603,885	$7,574,873 â–²	2.9%	3,755,844	6.5%	ETF
IJR iShares Core S&P Small-Cap ETF	$165,604,132	$14,384,735 â–¼	-8.0%	1,116,608	4.0%	ETF
NNI Nelnet	$157,242,869	$666,650 â–¼	-0.4%	1,179,351	3.8%	Finance
IJH iShares Core S&P Mid-Cap ETF	$149,511,432	$4,138,648 â–²	2.8%	1,938,937	3.6%	ETF
AAPL Apple	$129,433,043	$2,024,652 â–²	1.6%	447,308	3.1%	Computer and Technology
AMD Advanced Micro Devices	$112,416,541	$453,691 â–¼	-0.4%	193,518	2.7%	Computer and Technology
MSFT Microsoft	$105,424,031	$3,525,412 â–²	3.5%	282,623	2.6%	Computer and Technology
VWO Vanguard FTSE Emerging Markets ETF	$79,194,603	$5,978,610 â–¼	-7.0%	1,326,765	1.9%	ETF
AVGO Broadcom	$77,556,230	$2,909,808 â–¼	-3.6%	205,311	1.9%	Computer and Technology
GOOGL Alphabet	$65,656,374	$751,192 â–²	1.2%	183,721	1.6%	Computer and Technology
APH Amphenol	$65,097,520	$743,541 â–²	1.2%	369,201	1.6%	Computer and Technology
WCC WESCO International	$60,124,510	$531,962 â–¼	-0.9%	174,057	1.5%	Computer and Technology
BND Vanguard Total Bond Market ETF	$59,707,656	$353,029 â–²	0.6%	813,345	1.4%	ETF
BRK.B Berkshire Hathaway	$57,122,020	$1,304,517 â–²	2.3%	114,155	1.4%	Finance
GOOG Alphabet	$54,041,470	$1,719,657 â–²	3.3%	152,949	1.3%	Computer and Technology
LLY Eli Lilly and Company	$53,251,094	$731,652 â–¼	-1.4%	44,397	1.3%	Medical
JPM JPMorgan Chase & Co.	$50,407,511	$512,926 â–²	1.0%	153,996	1.2%	Finance
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	$49,480,970	$572,304 â–²	1.2%	982,350	1.2%	Manufacturing
Walmart, Inc	$45,880,946	$1,514,286 â–¼	-3.2%	405,094	1.1%	COM
TSM Taiwan Semiconductor Manufacturing	$45,585,012	$991,435 â–²	2.2%	95,452	1.1%	Computer and Technology
DELL Dell Technologies	$42,444,015	$656,682 â–¼	-1.5%	98,373	1.0%	Computer and Technology
AMZN Amazon.com	$40,846,233	$2,099,537 â–²	5.4%	171,378	1.0%	Retail/Wholesale
JNJ Johnson & Johnson	$40,476,723	$554,924 â–²	1.4%	159,376	1.0%	Medical
NVDA NVIDIA	$39,849,724	$2,764,644 â–²	7.5%	199,159	1.0%	Computer and Technology
XOM ExxonMobil	$36,951,725	$408,793 â–²	1.1%	270,273	0.9%	Energy
CSCO Cisco Systems	$35,434,628	$409,113 â–¼	-1.1%	301,674	0.9%	Computer and Technology
PANW Palo Alto Networks	$34,609,438	$2,111,596 â–²	6.5%	101,488	0.8%	Computer and Technology
GS The Goldman Sachs Group	$32,926,162	$173,956 â–²	0.5%	32,556	0.8%	Finance
TXN Texas Instruments	$31,268,139	$420,577 â–²	1.4%	104,902	0.8%	Computer and Technology
ORCL Oracle	$31,024,488	$344,392 â–²	1.1%	211,699	0.8%	Computer and Technology
LOW Lowe's Companies	$28,649,809	$739,082 â–²	2.6%	129,937	0.7%	Retail/Wholesale
BRK.A Berkshire Hathaway	$27,707,450	$748,850 â–¼	-2.6%	37	0.7%	Finance
CVS CVS Health	$27,166,798	$202,245 â–²	0.8%	262,608	0.7%	Medical
CAT Caterpillar	$26,678,940	$685,796 â–¼	-2.5%	25,053	0.6%	Industrials
EMR Emerson Electric	$26,540,010	$261,821 â–²	1.0%	185,400	0.6%	Industrials
UNH UnitedHealth Group	$26,192,171	$186,202 â–²	0.7%	63,018	0.6%	Medical
ASML ASML	$25,126,627	$545,107 â–²	2.2%	12,630	0.6%	Computer and Technology
VOO Vanguard S&P 500 ETF	$25,111,834	$208,103 â–²	0.8%	36,563	0.6%	ETF
BAC Bank of America	$23,611,201	$401,310 â–²	1.7%	414,377	0.6%	Finance
PEP PepsiCo	$23,312,495	$375,464 â–²	1.6%	172,175	0.6%	Consumer Staples
V Visa	$23,297,870	$64,501 â–¼	-0.3%	67,906	0.6%	Business Services
UNP Union Pacific	$22,363,296	$21,216 â–¼	-0.1%	82,218	0.5%	Transportation
RTX RTX	$21,773,225	$22,768 â–¼	-0.1%	114,759	0.5%	Aerospace
IWM iShares Russell 2000 ETF	$21,724,939	$37,256 â–²	0.2%	72,308	0.5%	Finance
ABBV AbbVie	$21,556,992	$880,237 â–²	4.3%	85,666	0.5%	Medical
APD Air Products and Chemicals	$20,736,035	$145,124 â–²	0.7%	70,728	0.5%	Basic Materials
PG Procter & Gamble	$20,006,902	$159,837 â–²	0.8%	136,436	0.5%	Consumer Staples
VCSH Vanguard Short-Term Corporate Bond ETF	$19,880,787	$1,628,018 â–¼	-7.6%	251,560	0.5%	ETF
MCD McDonald's	$18,491,096	$313,019 â–²	1.7%	68,407	0.4%	Retail/Wholesale
DOV Dover	$18,278,596	$150,716 â–¼	-0.8%	81,499	0.4%	Industrials
CVX Chevron	$18,259,624	$73,763 â–²	0.4%	110,157	0.4%	Energy
COF Capital One Financial	$17,732,802	$443,771 â–²	2.6%	88,390	0.4%	Finance
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	$16,861,156	$655,602 â–¼	-3.7%	335,679	0.4%	Manufacturing
MET MetLife	$16,755,234	$42,220 â–²	0.3%	198,029	0.4%	Finance
USB U.S. Bancorp	$16,638,569	$229,520 â–¼	-1.4%	275,473	0.4%	Finance
ABT Abbott Laboratories	$16,577,472	$468,854 â–²	2.9%	182,692	0.4%	Medical
COST Costco Wholesale	$16,393,176	$57,064 â–²	0.3%	17,524	0.4%	Retail/Wholesale
New Linde PLC	$16,189,890	$149,974 â–¼	-0.9%	31,198	0.4%	SHS
ROST Ross Stores	$16,149,355	$426,339 â–¼	-2.6%	75,872	0.4%	Retail/Wholesale
NUE Nucor	$16,029,090	$457,306 â–¼	-2.8%	71,960	0.4%	Basic Materials
ENB Enbridge	$15,877,296	$317,345 â–²	2.0%	292,885	0.4%	Energy
CRM Salesforce	$15,757,019	$3,059,256 â–²	24.1%	100,581	0.4%	Computer and Technology
IVW iShares S&P 500 Growth ETF	$15,340,921	$514,912 â–¼	-3.2%	111,546	0.4%	ETF
WM Waste Management	$15,218,469	$30,089 â–¼	-0.2%	68,281	0.4%	Business Services
MRK Merck & Co., Inc.	$15,135,758	$49,344 â–¼	-0.3%	117,788	0.4%	Medical
SBUX Starbucks	$14,775,754	$215,314 â–²	1.5%	144,591	0.4%	Retail/Wholesale
GNMA iShares GNMA Bond ETF	$14,606,692	$426,377 â–²	3.0%	330,244	0.4%	ETF
SYY Sysco	$14,542,251	$141,585 â–¼	-1.0%	173,992	0.4%	Consumer Staples
ICLR Icon	$14,405,423	$16,155 â–¼	-0.1%	82,928	0.3%	Medical
DIS Walt Disney	$14,286,195	$197,698 â–²	1.4%	148,428	0.3%	Consumer Discretionary
AFL Aflac	$14,285,388	$73,164 â–¼	-0.5%	121,837	0.3%	Finance
MBB iShares MBS ETF	$14,148,415	$372,692 â–²	2.7%	149,687	0.3%	ETF
Blackrock Inc	$13,761,847	$134,618 â–²	1.0%	14,312	0.3%	COM
IWP iShares Russell Mid-Cap Growth ETF	$13,655,954	$33,528 â–¼	-0.2%	93,272	0.3%	ETF
AMP Ameriprise Financial	$13,621,043	$482,157 â–¼	-3.4%	29,691	0.3%	Finance
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$13,551,316	$307,725 â–¼	-2.2%	169,455	0.3%	ETF
BSV Vanguard Short-Term Bond ETF	$13,126,744	$35,059 â–²	0.3%	168,486	0.3%	ETF
TJX TJX Companies	$12,551,624	$3,636 â–²	0.0%	82,849	0.3%	Retail/Wholesale
SYK Stryker	$12,416,975	$288,708 â–¼	-2.3%	39,439	0.3%	Medical
META Meta Platforms	$12,255,501	$1,155,308 â–²	10.4%	21,757	0.3%	Computer and Technology
QCOM Qualcomm	$12,204,825	$84,079 â–¼	-0.7%	66,047	0.3%	Computer and Technology
WFC Wells Fargo & Company	$12,104,859	$304,198 â–¼	-2.5%	146,477	0.3%	Finance
EW Edwards Lifesciences	$12,098,754	$526,930 â–²	4.6%	133,747	0.3%	Medical
VZ Verizon Communications	$12,041,919	$286,684 â–²	2.4%	284,410	0.3%	Computer and Technology
ITT ITT	$12,018,271	$310,088 â–²	2.6%	60,772	0.3%	Multi-Sector Conglomerates
Roper Technologies Inc	$11,995,249	$217,923 â–¼	-1.8%	35,448	0.3%	COM
GWW W.W. Grainger	$11,292,680	$13,604 â–¼	-0.1%	8,301	0.3%	Industrials
OXY Occidental Petroleum	$11,037,435	$211,911 â–¼	-1.9%	227,248	0.3%	Energy
HD Home Depot	$10,551,833	$118,853 â–¼	-1.1%	29,919	0.3%	Retail/Wholesale
MDT Medtronic	$10,411,552	$143,083 â–¼	-1.4%	133,089	0.3%	Medical
COP ConocoPhillips	$10,340,381	$2,495 â–²	0.0%	99,465	0.3%	Energy
ADP Automatic Data Processing	$10,279,305	$52,852 â–¼	-0.5%	45,900	0.2%	Computer and Technology
NEE NextEra Energy	$10,270,933	$122,264 â–²	1.2%	117,021	0.2%	Utilities
MDLZ Mondelez International	$10,180,361	$5,090 â–¼	0.0%	176,009	0.2%	Consumer Staples
ITW Illinois Tool Works	$9,848,895	$87,903 â–¼	-0.9%	36,414	0.2%	Industrials
SPY SPDR S&P 500 ETF Trust	$9,477,258	$117,243 â–²	1.3%	12,691	0.2%	Finance
KO CocaCola	$9,402,776	$160,996 â–²	1.7%	115,698	0.2%	Consumer Staples
JCI Johnson Controls International	$9,385,960	$358,700 â–²	4.0%	64,239	0.2%	Construction
AMGN Amgen	$9,279,325	$63,733 â–¼	-0.7%	25,625	0.2%	Medical

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

Best-in-Class Portfolio Monitoring

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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

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools