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

Carnegie Investment Counsel’s Portfolio FMAO Stock Details FMAO Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-9,541
Closed -$239K – 580
2025
Q3 		$239K Hold
9,541
– – ﹤0.01% 513
2025
Q2 		$241K Sell
9,541
-6,089
-39% -$146K ﹤0.01% 495
2025
Q1 		$349K Buy
15,630
+5,951
+61% +$153K 0.01% 415
2024
Q4 		$285K Hold
9,679
– – 0.01% 406
2024
Q3 		$268K Sell
9,679
-1,625
-14% -$41.8K 0.01% 412
2024
Q2 		$262K Hold
11,304
– – 0.01% 417
2024
Q1 		$252K Sell
11,304
-7,089
-39% -$153K 0.01% 445
2023
Q4 		$456K Sell
18,393
-300
-2% -$5.95K 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% -$1.57K 0.02% 370
2022
Q4 		$510K Sell
18,753
-158
-0.8% -$4.45K 0.02% 351
2022
Q3 		$508K Hold
18,911
– – 0.02% 331
2022
Q2 		$628K Sell
18,911
-95
-0.5% -$3.54K 0.03% 304
2022
Q1 		$687K Sell
19,006
-55
-0.3% -$1.83K 0.03% 311
2021
Q4 		$626K Sell
19,061
-890
-4% -$24.3K 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% -$570 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% -$222K 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 +$1.24M 0.11% 180

Other funds holding FMAO

AF
Align Financial Hermantown, Minnesota $202M AUM
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
GIM
Goelzer Investment Management Carmel, Indiana $2.29B AUM 39.12% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
MMM
Mendel Money Management Northbrook, Illinois $239M AUM 21.36% 1-Year Est. Return
GFP
Gryphon Financial Partners Columbus, Ohio $976M AUM 23.05% 1-Year Est. Return

Carnegie Investment Counsel's FMAO Position: Q4 2025 in Review

Carnegie Investment Counsel sold out of Farmers & Merchants Bancorp (FMAO) in Q4 2025, closing a stake of 9,541 shares — an estimated $239K sold.

Carnegie Investment Counsel first reported a position in FMAO in Q4 2018 and held it in 28 quarters. The position peaked at $1.16M in Q4 2018. 92 funds tracked by Wall St. Rank hold FMAO as of Q4 2025.

  • Carnegie Investment Counsel reported no remaining Farmers & Merchants Bancorp position as of Q4 2025 after selling out during the quarter.
  • Carnegie Investment Counsel sold 9,541 Farmers & Merchants Bancorp shares in Q4 2025, an estimated $239K.
  • Carnegie Investment Counsel first reported a position in Farmers & Merchants Bancorp in Q4 2018 and held it in 28 quarters.
  • Carnegie Investment Counsel's Farmers & Merchants Bancorp position peaked at $1.16M in Q4 2018.
  • 92 funds tracked by Wall St. Rank held Farmers & Merchants Bancorp as of Q4 2025.

Based on Carnegie Investment Counsel's 13F filing for Q4 2025, filed 23 Jan 2026.