Carnegie Investment Counsel’s Farmers & Merchants Bancorp FMAO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$241K	Sell	9,541 -6,089	-39%	-$154K	﹤0.01%	495
2025 Q1	$349K	Buy	15,630 +5,951	+61%	+$133K	0.01%	415
2024 Q4	$285K	Hold	9,679	–	–	0.01%	405
2024 Q3	$268K	Sell	9,679 -1,625	-14%	-$44.9K	0.01%	412
2024 Q2	$262K	Hold	11,304	–	–	0.01%	417
2024 Q1	$252K	Sell	11,304 -7,089	-39%	-$158K	0.01%	445
2023 Q4	$456K	Sell	18,393 -300	-2%	-$7.44K	0.02%	361
2023 Q3	$328K	Hold	18,693	–	–	0.01%	398
2023 Q2	$421K	Hold	18,693	–	–	0.02%	376
2023 Q1	$455K	Sell	18,693 -60	-0.3%	-$1.46K	0.02%	370
2022 Q4	$510K	Sell	18,753 -158	-0.8%	-$4.29K	0.02%	351
2022 Q3	$508K	Hold	18,911	–	–	0.02%	331
2022 Q2	$628K	Sell	18,911 -95	-0.5%	-$3.16K	0.03%	304
2022 Q1	$687K	Sell	19,006 -55	-0.3%	-$1.99K	0.03%	311
2021 Q4	$626K	Sell	19,061 -890	-4%	-$29.2K	0.02%	331
2021 Q3	$447K	Sell	19,951 -104	-0.5%	-$2.33K	0.02%	333
2021 Q2	$438K	Sell	20,055 -25	-0.1%	-$546	0.02%	338
2021 Q1	$505K	Hold	20,080	–	–	0.02%	318
2020 Q4	$462K	Hold	20,080	–	–	0.02%	313
2020 Q3	$402K	Hold	20,080	–	–	0.02%	311
2020 Q2	$426K	Sell	20,080 -10,040	-33%	-$213K	0.02%	299
2020 Q1	$780K	Hold	30,120	–	–	0.05%	219
2019 Q4	$908K	Hold	30,120	–	–	0.05%	231
2019 Q3	$782K	Hold	30,120	–	–	0.05%	233
2019 Q2	$877K	Hold	30,120	–	–	0.06%	230
2019 Q1	$907K	Hold	30,120	–	–	0.06%	223
2018 Q4	$1.16M	Buy	+30,120	New	+$1.16M	0.11%	180