Farmers & Merchants Investments Inc Top Holdings and 13F Report (2023) About Farmers & Merchants Investments IncInvestment ActivityFarmers & Merchants Investments Inc has $3.22 billion in total holdings as of June 30, 2023.Farmers & Merchants Investments Inc owns shares of 1,793 different stocks, but just 79 companies or ETFs make up 80% of its holdings.Approximately 2.73% of the portfolio was purchased this quarter.About 0.72% of the portfolio was sold this quarter.This quarter, Farmers & Merchants Investments Inc has purchased 1,777 new stocks and bought additional shares in 146 stocks.Farmers & Merchants Investments Inc sold shares of 235 stocks and completely divested from 31 stocks this quarter.Largest Holdings iShares Core S&P 500 ETF $221,807,479Vanguard FTSE Developed Markets ETF $156,282,112Nelnet $133,876,456Microsoft $117,502,882iShares Core S&P Small-Cap ETF $115,073,669 Largest New Holdings this Quarter TE Connectivity PLC $528,314 HoldingCapital Group International Focus Equity ETF $306,110 HoldingAvantis Emerging Markets Equity ETF $209,950 HoldingPIMCO RAFI Dynamic Multi-Factor International Equity ETF $195,060 HoldingFirst Trust Enhanced Short Maturity ETF $176,976 Holding Largest Purchases this Quarter Broadcom 212,836 shares (about $36.71M)NIKE 60,008 shares (about $5.30M)Vanguard Total Bond Market ETF 34,096 shares (about $2.56M)Vanguard FTSE Developed Markets ETF 44,651 shares (about $2.36M)Edwards Lifesciences 35,408 shares (about $2.34M) Largest Sales this Quarter Vanguard Short-Term Bond ETF 23,500 shares (about $1.85M)CVS Health 28,641 shares (about $1.80M)Bristol-Myers Squibb 30,765 shares (about $1.59M)Eli Lilly and Company 1,051 shares (about $931.12K)Bank of America 20,685 shares (about $820.78K) Sector Allocation Over TimeMap of 500 Largest Holdings ofFarmers & Merchants Investments Inc Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorIVViShares Core S&P 500 ETF$221,807,479$1,203,823 ▲0.5%384,5356.9%ETFVEAVanguard FTSE Developed Markets ETF$156,282,112$2,358,019 ▲1.5%2,959,3284.9%ETFNNINelnet$133,876,456$742,211 ▼-0.6%1,181,8194.2%FinanceMSFTMicrosoft$117,502,882$1,486,256 ▲1.3%273,0723.7%Computer and TechnologyIJRiShares Core S&P Small-Cap ETF$115,073,669$1,832,061 ▲1.6%983,8723.6%ETFAAPLApple$109,165,626$1,312,256 ▲1.2%468,5223.4%Computer and TechnologyIJHiShares Core S&P Mid-Cap ETF$95,279,116$1,500,541 ▲1.6%1,528,8693.0%ETFVWOVanguard FTSE Emerging Markets ETF$73,705,939$1,168,784 ▲1.6%1,540,3542.3%ETFSLQDiShares 0-5 Year Investment Grade Corporate Bond ETF$51,070,663$635,670 ▲1.3%1,012,7041.6%ManufacturingBNDVanguard Total Bond Market ETF$47,353,700$2,560,951 ▲5.7%630,4581.5%ETFBRK.BBerkshire Hathaway$46,951,583$113,224 ▲0.2%102,0111.5%FinanceLLYEli Lilly and Company$42,528,664$931,123 ▼-2.1%48,0041.3%MedicalAVGOBroadcom$40,841,100$36,714,210 ▲889.6%236,7601.3%Computer and TechnologyWMTWalmart$38,781,480$110,224 ▲0.3%480,2661.2%Retail/WholesaleORCLOracle$38,751,516$145,692 ▼-0.4%227,4151.2%Computer and TechnologyUNHUnitedHealth Group$36,289,334$717,987 ▼-1.9%62,0671.1%MedicalLOWLowe's Companies$36,204,249$171,448 ▼-0.5%133,6691.1%Retail/WholesaleBRK.ABerkshire Hathaway$35,941,360$691,180 ▲2.0%521.1%FinanceJPMJPMorgan Chase & Co.$35,121,052$471,483 ▲1.4%166,5611.1%FinanceAMDAdvanced Micro Devices$33,860,697$145,375 ▼-0.4%206,3671.1%Computer and TechnologyWCCWESCO International$32,752,572$491,006 ▲1.5%194,9791.0%Computer and TechnologyXOMExxon Mobil$32,366,435$432,659 ▲1.4%276,1171.0%Oils/EnergyPEPPepsiCo$29,621,350$55,606 ▲0.2%174,1920.9%Consumer StaplesGOOGLAlphabet$27,327,436$584,124 ▲2.2%164,7720.8%Computer and TechnologyAPHAmphenol$26,993,898$56,494 ▼-0.2%414,2710.8%Computer and TechnologyJNJJohnson & Johnson$26,308,658$79,247 ▲0.3%162,3390.8%MedicalPGProcter & Gamble$25,475,209$188,787 ▲0.7%147,0860.8%Consumer StaplesGOOGAlphabet$24,150,930$13,710 ▲0.1%144,4520.8%Computer and TechnologyAMZNAmazon.com$23,651,985$1,057,423 ▲4.7%126,9360.7%Retail/WholesaleICLRICON Public$23,582,405$1,886,765 ▲8.7%82,0800.7%MedicalROPRoper Technologies$22,953,706$444,596 ▲2.0%41,2510.7%Computer and TechnologyTXNTexas Instruments$22,239,533$115,059 ▼-0.5%107,6610.7%Computer and TechnologyUNPUnion Pacific$21,977,636$28,345 ▲0.1%89,1660.7%TransportationMCDMcDonald's$21,821,187$287,762 ▼-1.3%71,6600.7%Retail/WholesaleAPDAir Products and Chemicals$21,553,994$16,971 ▲0.1%72,3920.7%Basic MaterialsEMREmerson Electric$21,109,066$204,303 ▲1.0%193,0060.7%Industrial ProductsABTAbbott Laboratories$20,895,867$132,366 ▼-0.6%183,2810.6%MedicalVVisa$19,919,853$618,638 ▲3.2%72,4490.6%Business ServicesVOOVanguard S&P 500 ETF$18,299,596$23,745 ▲0.1%34,6800.6%ETFABBVAbbVie$17,988,453$256,527 ▲1.4%91,0900.6%MedicalCVXChevron$17,622,328$208,093 ▼-1.2%119,6600.5%Oils/EnergyVCSHVanguard Short-Term Corporate Bond ETF$17,437,455$550,222 ▼-3.1%219,5600.5%ETFCVSCVS Health$17,399,713$1,800,946 ▼-9.4%276,7130.5%Retail/WholesaleDOVDover$17,377,971$35,664 ▲0.2%90,6330.5%Industrial ProductsNKENIKE$17,158,528$5,304,707 ▲44.8%194,1010.5%Consumer DiscretionaryCMCSAComcast$17,148,130$422,295 ▲2.5%410,5370.5%Consumer DiscretionaryAFLAflac$17,049,053$309,798 ▼-1.8%152,4960.5%FinanceCSCOCisco Systems$16,805,439$155,136 ▲0.9%315,7730.5%Computer and TechnologyIWMiShares Russell 2000 ETF$16,369,053$333,986 ▲2.1%74,1050.5%FinanceVTIPVanguard Short-Term Inflation-Protected Securities ETF$16,355,880$338,661 ▼-2.0%331,6950.5%ManufacturingNew Linde PLC$16,144,095$166,901 ▼-1.0%33,8550.5%SHSMETMetLife$16,096,632$433,597 ▲2.8%195,1580.5%FinanceSYKStryker$16,092,688$203,028 ▼-1.2%44,5460.5%MedicalBSVVanguard Short-Term Bond ETF$15,827,077$1,849,215 ▼-10.5%201,1320.5%ETFBACBank of America$15,645,268$820,781 ▼-5.0%394,2860.5%FinanceGSThe Goldman Sachs Group$15,520,708$26,241 ▼-0.2%31,3480.5%FinanceAMPAmeriprise Financial$15,434,198$164,903 ▼-1.1%32,8520.5%FinanceCOSTCostco Wholesale$15,258,782$148,049 ▼-1.0%17,2120.5%Retail/WholesaleDISWalt Disney$15,218,701$121,392 ▲0.8%158,2150.5%Consumer DiscretionaryWMWaste Management$15,208,153$93,420 ▼-0.6%73,2570.5%Business ServicesSYYSysco$15,003,444$70,410 ▼-0.5%192,2040.5%Consumer StaplesMRKMerck & Co., Inc.$14,907,930$234,501 ▼-1.5%131,2780.5%MedicalHONHoneywell International$14,857,488$201,542 ▲1.4%71,8760.5%Multi-Sector ConglomeratesFIFiserv$14,822,383$108,149 ▼-0.7%82,5070.5%Business ServicesHDHome Depot$14,739,960$655,208 ▼-4.3%36,3770.5%Retail/WholesaleTSMTaiwan Semiconductor Manufacturing$14,568,134$1,446,497 ▲11.0%83,8840.5%Computer and TechnologyRTXRTX$14,316,023$38,165 ▲0.3%118,1580.4%AerospaceADPAutomatic Data Processing$13,954,110$8,302 ▲0.1%50,4250.4%Business ServicesPANWPalo Alto Networks$13,731,131$1,794,450 ▲15.0%40,1730.4%Computer and TechnologyMDLZMondelez International$13,652,2300.0%185,3160.4%Consumer StaplesSBUXStarbucks$13,504,705$22,325 ▲0.2%138,5240.4%Retail/WholesaleCOFCapital One Financial$13,401,134$79,507 ▼-0.6%89,5020.4%FinanceROSTRoss Stores$13,050,572$112,883 ▼-0.9%86,7090.4%Retail/WholesalePYPLPayPal$12,764,303$252,037 ▲2.0%163,5820.4%Computer and TechnologyENBEnbridge$12,736,880$28,305 ▲0.2%313,6390.4%Oils/EnergyOXYOccidental Petroleum$12,735,173$169,670 ▲1.4%247,0930.4%Oils/EnergyVZVerizon Communications$12,490,504$191,047 ▲1.6%278,1230.4%Computer and TechnologyHYGiShares iBoxx $ High Yield Corporate Bond ETF$12,415,263$383,432 ▲3.2%154,6110.4%ETFMDTMedtronic$12,411,356$52,037 ▼-0.4%137,8580.4%MedicalBLKBlackRock$12,298,054$137,679 ▲1.1%12,9520.4%FinanceDELLDell Technologies$12,233,328$237,080 ▼-1.9%103,2000.4%Computer and TechnologyQCOMQUALCOMM$12,086,644$5,612 ▲0.0%71,0770.4%Computer and TechnologyNUENucor$11,957,292$150,340 ▼-1.2%79,5350.4%Basic MaterialsIVWiShares S&P 500 Growth ETF$11,697,395$886,262 ▲8.2%122,1660.4%ETFUSBU.S. Bancorp$11,191,869$384,132 ▼-3.3%244,7380.3%FinanceCOPConocoPhillips$11,136,203$25,162 ▼-0.2%105,7770.3%Oils/EnergyIWPiShares Russell Mid-Cap Growth ETF$10,999,456$363,013 ▲3.4%93,7800.3%ETFWFCWells Fargo & Company$10,925,053$49,146 ▲0.5%193,3980.3%FinanceDHRDanaher$10,788,288$55,604 ▼-0.5%38,8040.3%Multi-Sector ConglomeratesCATCaterpillar$10,557,111$55,148 ▲0.5%26,9920.3%Industrial ProductsGWWW.W. Grainger$10,320,577$5,194 ▼-0.1%9,9350.3%Industrial ProductsTJXTJX Companies$10,305,084$116,012 ▲1.1%87,6730.3%Retail/WholesaleITWIllinois Tool Works$10,213,654$123,697 ▼-1.2%38,9730.3%Industrial ProductsMBBiShares MBS ETF$10,188,819$555,985 ▲5.8%106,3440.3%ETFBAHBooz Allen Hamilton$9,711,238$39,876 ▼-0.4%59,6660.3%Business ServicesAMEAMETEK$9,477,190$70,745 ▲0.8%55,1930.3%Computer and TechnologyNEENextEra Energy$9,292,129$1,327,375 ▲16.7%109,9270.3%UtilitiesITTITT$9,201,144$47,395 ▼-0.5%61,5420.3%Multi-Sector ConglomeratesTGTTarget$9,115,316$87,437 ▼-1.0%58,4840.3%Retail/WholesaleATRAptarGroup$8,951,257$146,253 ▲1.7%55,8790.3%Industrial ProductsShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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