Farmers & Merchants Investments Inc holds a focused book of 1637 stocks worth $3.6B as of Q1 2026 (disclosed Apr 23, 2026, a ~45-day 13F lag). This quarter they opened Versant Media Group Inc and trimmed VANGUARD FTSE EUROPE ETF. Their largest long position is ISHR IBX USD INVGD CB ETF-UI at 17% of the equity book.
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curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1259969/holdings"
Use Arkolith to show FARMERS & MERCHANTS INVESTMENTS INC's latest holdings, largest changes, and filing provenance.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
24% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | iShares S&P 500 Index Fund CORE S&P500 ETF | $253.3M | 387.8K | 7.0% | ▲+2.0% Added · +8K sh | |
| 2 | Vanguard FTSE Developed Markets ETF VAN FTSE DEV MKT | $233.9M | 3.65M | 6.5% | ▲+2.8% Added · +100K sh | |
| 3 | Nelnet, Inc. CL A | $152.7M | 1.18M | 4.2% | —Held | |
| 4 | iShares S&P Small Cap 600 Index ETF CORE S&P SCP ETF | $150.9M | 1.21M | 4.2% | ▲+2.6% Added · +31K sh | |
| 5 | iShares S&P Midcap 400 CORE S&P MCP ETF | $127.3M | 1.89M | 3.5% | ▲+2.9% Added · +53K sh | |
| 6 | Apple Inc COM | $111.7M | 440.3K | 3.1% | ▲+2.8% Added · +12K sh | |
| 7 | Microsoft Corp COM | $101.1M | 273.2K | 2.8% | ▲+4.0% Added · +10K sh | |
| 8 | Vanguard FTSE Emerging Markets ETF FTSE EMR MKT ETF | $77.1M | 1.43M | 2.1% | ▼−0.5% Reduced · −7K sh | |
| 9 | Broadcom Inc COM | $65.9M | 213.0K | 1.8% | ▼−0.5% Reduced · −1K sh | |
| 10 | Vanguard Total Bond Market ETF TOTAL BND MRKT | $59.5M | 808.5K | 1.6% | ▲+2.6% Added · +21K sh | |
| 11 | Berkshire Hathaway Inc Del Cl B New CL B NEW | $53.5M | 111.5K | 1.5% | ▲+8.4% Added · +9K sh | |
| 12 | Alphabet Inc Class A CAP STK CL A | $52.2M | 181.6K | 1.4% | ▲+1.1% Added · +2K sh | |
| 13 | Walmart, Inc COM | $52.0M | 418.5K | 1.4% | ▼−2.7% Reduced · −12K sh | |
| 14 | iShares 0-5 Yr Inv Grd Corp Bond ETF 0-5YR INVT GR CP | $49.0M | 971.0K | 1.4% | ▲+0.3% Added · +3K sh | |
| 15 | Wesco International Inc COM | $48.0M | 175.6K | 1.3% | ▼−1.7% Reduced · −3K sh | |
| 16 | Amphenol Corp Cl A CL A | $46.1M | 365.0K | 1.3% | ▲+2.6% Added · +9K sh | |
| 17 | Exxon Mobil Corp COM | $45.3M | 267.3K | 1.3% | ▲+0.7% Added · +2K sh | |
| 18 | JPMorgan Chase & Co. COM | $44.8M | 152.4K | 1.2% | ▲+1.5% Added · +2K sh | |
| 19 | Alphabet Inc Class C CAP STK CL C | $42.5M | 148.1K | 1.2% | ▲+3.2% Added · +5K sh | |
| 20 | Eli Lilly & Co COM | $41.4M | 45.0K | 1.1% | ▲+1.6% Added · +720 sh | |
| 21 | Advanced Micro Devices Inc COM | $39.5M | 194.3K | 1.1% | ▲+1.7% Added · +3K sh | |
| 22 | Johnson & Johnson COM | $38.4M | 157.2K | 1.1% | ▲+0.5% Added · +760 sh | |
| 23 | Amazon.com, Inc. COM | $33.9M | 162.6K | 0.9% | ▲+7.0% Added · +11K sh | |
| 24 | NVIDIA Corporation COM | $32.3M | 185.3K | 0.9% | ▲+3.9% Added · +7K sh | |
| 25 | Taiwan Semiconductor Manufacturing Company Ltd. SPONSORED ADS | $31.6M | 93.4K | 0.9% | ▲+1.8% Added · +2K sh | |
| 26 | Oracle Corp COM | $30.8M | 209.3K | 0.8% | ▲+2.3% Added · +5K sh | |
| 27 | Lowe's Companies, Inc COM | $29.9M | 126.6K | 0.8% | ▲+0.8% Added · +967 sh | |
| 28 | Goldman Sachs Group Inc. COM | $27.4M | 32.4K | 0.8% | ▲+1.4% Added · +464 sh | |
| 29 | Berkshire Hathaway Inc Del Cl A CL A | $27.3M | 38 | 0.8% | —Held | |
| 30 | PepsiCo Inc COM | $26.3M | 169.4K | 0.7% | ▲+2.8% Added · +5K sh | |
| 31 | Emerson Electric Co COM | $24.1M | 183.6K | 0.7% | ▲+0.9% Added · +2K sh | |
| 32 | Cisco Systems Inc COM | $23.7M | 305.2K | 0.7% | ▲+1.0% Added · +3K sh | |
| 33 | Chevron Corp COM | $22.7M | 109.7K | 0.6% | ▲+0.6% Added · +692 sh | |
| 34 | RTX Corp COM | $22.2M | 114.9K | 0.6% | ▼−0.5% Reduced · −550 sh | |
| 35 | Vanguard S&P 500 ETF S&P 500 ETF SHS | $21.7M | 36.3K | 0.6% | ▼−0.3% Reduced · −108 sh | |
| 36 | Vanguard S/T Corp Bond ETF SHRT TRM CORP BD | $21.6M | 272.2K | 0.6% | ▲+14% Added · +33K sh | |
| 37 | McDonald's Corp COM | $20.9M | 67.2K | 0.6% | ▲+0.7% Added · +483 sh | |
| 38 | Visa Inc. COM CL A | $20.6M | 68.1K | 0.6% | ▲+1.8% Added · +1K sh | |
| 39 | Air Products & Chemicals Inc COM | $20.4M | 70.2K | 0.6% | ▲+0.3% Added · +245 sh | |
| 40 | Texas Instruments Inc COM | $20.1M | 103.5K | 0.6% | ▲+1.8% Added · +2K sh | |
| 41 | Union Pacific Corp COM | $20.0M | 82.3K | 0.6% | ▲+3.0% Added · +2K sh | |
| 42 | Bank of America Corp COM | $19.9M | 407.3K | 0.5% | ▲+4.3% Added · +17K sh | |
| 43 | Procter & Gamble Co COM | $19.5M | 135.3K | 0.5% | ▲+1.0% Added · +1K sh | |
| 44 | CVS Health Corporation COM | $18.7M | 260.7K | 0.5% | ▲+2.2% Added · +6K sh | |
| 45 | Abbott Laboratories COM | $18.2M | 177.5K | 0.5% | ▲+2.9% Added · +5K sh | |
| 46 | Caterpillar Inc COM | $18.2M | 25.7K | 0.5% | ▲+2.2% Added · +561 sh | |
| 47 | iShares Russell 2000 Index Fund RUSSELL 2000 ETF | $17.9M | 72.2K | 0.5% | ▼−0.3% Reduced · −232 sh | |
| 48 | Abbvie Inc COM | $17.9M | 82.2K | 0.5% | ▲+1.7% Added · +1K sh | |
| 49 | Vanguard Short-Term Inflation -Protected Securities ETF STRM INFPROIDX | $17.4M | 348.7K | 0.5% | ▲+8.6% Added · +28K sh | |
| 50 | Costco Wholesale Corp COM | $17.4M | 17.5K | 0.5% | ▼−0.1% Reduced · −21 sh |
As-of date vs the date the SEC received each filing
| Quarter | As of | Filed | Positions | Value | Form |
|---|---|---|---|---|---|
| Q1 2026 | Mar 31, 2026 | Apr 23, 2026 | 1,760 | $3.6B | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 3, 2026 | 1,721 | $3.6B | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Oct 17, 2025 | 1,737 | $3.5B | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Jul 14, 2025 | 1,729 | $3.4B | 13F-HR |
| Q1 2025 | Mar 31, 2025 | Apr 16, 2025 | 1,747 | $3.1B | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Jan 28, 2025 | 1,774 | $3.2B | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Oct 25, 2024 | 1,793 | $3.2B | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 5, 2024 | 1,777 | $3.0B | 13F-HR |
| Q1 2024 | Mar 31, 2024 | Apr 18, 2024 | 1,740 | $3.0B | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Jan 23, 2024 | 1,754 | $2.7B | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Oct 25, 2023 | 1,755 | $2.5B | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 1, 2023 | 1,763 | $2.7B | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 12, 2023 | 1,744 | $2.5B | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 2, 2023 | 1,767 | $2.4B | 13F-HR |
| Q3 2022 | Sep 30, 2022 | Oct 31, 2022 | 1,730 | $2.2B | 13F-HR |
| Q2 2022 | Jun 30, 2022 | Jul 28, 2022 | 963 | $2.3B | 13F-HR |
| Q1 2022 | Mar 31, 2022 | Apr 19, 2022 | 970 | $2.6B | 13F-HR |
| Q4 2021 | Dec 31, 2021 | Jan 14, 2022 | 991 | $2.7B | 13F-HR |
| Q3 2021 | Sep 30, 2021 | Oct 21, 2021 | 1,005 | $2.4B | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Jul 16, 2021 | 943 | $2.2B | 13F-HR |
| Q1 2021 | Mar 31, 2021 | Apr 14, 2021 | 844 | $2.1B | 13F-HR |
| Q4 2020 | Dec 31, 2020 | Jan 20, 2021 | 840 | $1.9B | 13F-HR |
| Q3 2020 | Sep 30, 2020 | Oct 19, 2020 | 832 | $1.7B | 13F-HR |
| Q2 2020 | Jun 30, 2020 | Jul 21, 2020 | 847 | $1.5B | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.