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FMII

Farmers & Merchants Investments Inc Portfolio holdings

AUM $4.13B
1-Year Est. Return 32.58%
This Fund
S&P 500
This Quarter Est. Return
+9.67%
1 Year Est. Return
+32.58%
3 Year Est. Return
+77.81%
5 Year Est. Return
+94.45%
10 Year Est. Return
+341.63%
AUM
$2.74B
AUM Growth
+$194M
Cap. Flow
-$29.3M
Cap. Flow %
-1.07%
Top 10 Hldgs %
34.07%
Holding
1,817
New
62
Increased
120
Reduced
323
Closed
63

Top Buys

Rank Stock Value
1
MBB icon
iShares MBS ETF
MBB
+$5.49M
2
BND icon
Vanguard Total Bond Market
BND
+$3.08M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$2.92M
4
GNMA icon
iShares GNMA Bond ETF
GNMA
+$2.13M
5
PYPL icon
PayPal
PYPL
+$2.08M

Top Sells

Rank Stock Value
1
NNI icon
Nelnet
NNI
+$15.2M
2
VMW
VMware, Inc
VMW
+$7.61M
3
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$4.27M
4
BKH icon
Black Hills Corp
BKH
+$3.86M
5
D icon
Dominion Energy
D
+$3.46M

Sector Composition

Rank Sector Weight
1 Technology 15.32%
2 Financials 12.95%
3 Healthcare 10.06%
4 Industrials 8.93%
5 Consumer Staples 5.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$177M 6.45%
370,180
+6,518
+2% +$2.92M
VEA icon
2
Vanguard FTSE Developed Markets ETF
VEA
$238B
$135M 4.94%
2,824,040
+8,081
+0.3% +$362K
NNI icon
3
Nelnet
NNI
$4.52B
$105M 3.83%
1,189,726
-176,030
-13% -$15.2M
MSFT icon
4
Microsoft
MSFT
$3.66T
$100M 3.67%
267,193
-333
-0.1% -$119K
IJR icon
5
iShares Core S&P Small-Cap ETF
IJR
$112B
$99M 3.61%
914,369
+18,646
+2% +$1.8M
AAPL icon
6
Apple
AAPL
$4.41T
$89.1M 3.25%
462,765
-784
-0.2% -$145K
IJH icon
7
iShares Core S&P Mid-Cap ETF
IJH
$128B
$80.3M 2.93%
1,448,190
+28,425
+2% +$1.44M
VWO icon
8
Vanguard FTSE Emerging Markets ETF
VWO
$126B
$58.7M 2.14%
1,427,266
+554
+0% +$22K
SLQD icon
9
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.38B
$49.7M 1.81%
1,009,315
-24,293
-2% -$1.17M
BND icon
10
Vanguard Total Bond Market
BND
$161B
$39.7M 1.45%
539,377
+43,618
+9% +$3.08M
BRK.B icon
11
Berkshire Hathaway Class B
BRK.B
$1.09T
$36.4M 1.33%
101,953
-425
-0.4% -$149K
UNH icon
12
UnitedHealth
UNH
$364B
$33.6M 1.22%
63,729
+161
+0.3% +$85.9K
WCC
13
WESCO International
WCC
$17.8B
$33.2M 1.21%
190,759
+790
+0.4% +$118K
BRK.A icon
14
Berkshire Hathaway Class A
BRK.A
$1.09T
$31.5M 1.15%
58
-8
-12% -$4.27M
LOW icon
15
Lowe's Companies
LOW
$121B
$30.7M 1.12%
138,009
-2,529
-2% -$513K
AMD icon
16
Advanced Micro Devices
AMD
$788B
$30.7M 1.12%
208,320
+15,233
+8% +$1.8M
LLY icon
17
Eli Lilly
LLY
$1.09T
$29.1M 1.06%
49,899
-3,962
-7% -$2.31M
PEP icon
18
PepsiCo
PEP
$189B
$28.7M 1.05%
168,699
+43
+0% +$7.13K
JPM icon
19
JPMorgan Chase
JPM
$971B
$28.2M 1.03%
165,804
-634
-0.4% -$96.1K
AVGO icon
20
Broadcom
AVGO
$1.98T
$27.5M 1.01%
246,800
+7,190
+3% +$681K
XOM icon
21
ExxonMobil
XOM
$657B
$27M 0.99%
270,252
-357
-0.1% -$37.5K
JNJ icon
22
Johnson & Johnson
JNJ
$629B
$25.7M 0.94%
163,796
-3,017
-2% -$463K
WMT icon
23
Walmart Inc
WMT
$923B
$24.8M 0.91%
472,572
-2,859
-0.6% -$151K
ORCL icon
24
Oracle
ORCL
$442B
$24.7M 0.9%
233,807
+3,085
+1% +$337K
CVS icon
25
CVS Health
CVS
$121B
$24.5M 0.89%
309,826
-6,574
-2% -$468K
1
2 3 4 5

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SP
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GCM
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ZP
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BHC
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CA
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Farmers & Merchants Investments Inc's Q4 2023 Portfolio in Review

As of Q4 2023, Farmers & Merchants Investments Inc held 1,817 positions worth $2.74B, up 7.6% from $2.55B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Farmers & Merchants Investments Inc's Q4 2023 filing shows 62 new, 120 increased, 323 reduced and 63 closed positions. Its largest new stake was Veralto: 13,115 shares worth $1.08M. The largest sale was Nelnet, an estimated $15.2M.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.

  • Farmers & Merchants Investments Inc's largest Q4 2023 buy was Veralto: 13,115 shares worth $1.08M.
  • Farmers & Merchants Investments Inc added most to iShares MBS ETF in Q4 2023, an estimated $5.49M increase.
  • Farmers & Merchants Investments Inc's biggest Q4 2023 reduction was Nelnet, cutting an estimated $15.2M.
  • Farmers & Merchants Investments Inc fully exited VMware, Inc in Q4 2023, selling an estimated $7.61M.
  • Farmers & Merchants Investments Inc's ten largest holdings make up 34% of its $2.74B portfolio in Q4 2023.
  • Farmers & Merchants Investments Inc opened 62 new positions and closed 63 in Q4 2023.
  • Farmers & Merchants Investments Inc's portfolio value rose 7.6% quarter-over-quarter to $2.74B.

Based on Farmers & Merchants Investments Inc's 13F filing for Q4 2023, filed 23 Jan 2024.