Goelzer Investment Management’s Farmers & Merchants Bancorp FMAO Stock Holding History

Goelzer Investment Management’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
2026 Q2	$6.84M	Sell	223,604 -105,000	-32%	-$2.9M	0.3%	68
2026 Q1	$8.44M	Sell	328,604 -156,460	-32%	-$4.08M	0.41%	49
2025 Q4	$12M	Buy	485,064 +457,500	+1,660%	+$11.4M	0.56%	30
2025 Q3	$689K	Hold	27,564	–	–	0.04%	171
2025 Q2	$697K	Hold	27,564	–	–	0.04%	168
2025 Q1	$659K	Hold	27,564	–	–	0.04%	164
2024 Q4	$812K	Hold	27,564	–	–	0.05%	151
2024 Q3	$762K	Hold	27,564	–	–	0.04%	150
2024 Q2	$640K	Hold	27,564	–	–	0.04%	161
2024 Q1	$614K	Hold	27,564	–	–	0.03%	167
2023 Q4	$684K	Hold	27,564	–	–	0.04%	159
2023 Q3	$483K	Hold	27,564	–	–	0.03%	172
2023 Q2	$620K	Hold	27,564	–	–	0.05%	157
2023 Q1	$670K	Hold	27,564	–	–	0.06%	157
2022 Q4	$749K	Hold	27,564	–	–	0.06%	158
2022 Q3	$741K	Hold	27,564	–	–	0.07%	154
2022 Q2	$915K	Hold	27,564	–	–	0.09%	156
2022 Q1	$996K	Hold	27,564	–	–	0.09%	151
2021 Q4	$905K	Hold	27,564	–	–	0.07%	158
2021 Q3	$617K	Hold	27,564	–	–	0.05%	166
2021 Q2	$601K	Buy	+27,564	New	+$628K	0.05%	171

Other funds holding FMAO

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

MMM

Mendel Money Management Northbrook, Illinois $273M AUM 31.99% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

GFP

Gryphon Financial Partners Columbus, Ohio $1.13B AUM 30.28% 1-Year Est. Return

Goelzer Investment Management's FMAO Position: Q2 2026 in Review

Goelzer Investment Management reduced its Farmers & Merchants Bancorp (FMAO) stake by 32% in Q2 2026, selling an estimated $2.9M and leaving 223,604 shares worth $6.84M. The position accounts for 0.3% of the portfolio, ranked #68.

Goelzer Investment Management first reported a position in FMAO in Q2 2021 and has held it in 21 quarters since. The position peaked at $12M in Q4 2025. 117 funds tracked by Wall St. Rank hold FMAO as of Q2 2026.

Goelzer Investment Management held 223,604 shares of Farmers & Merchants Bancorp worth $6.84M as of Q2 2026.
Goelzer Investment Management sold 105,000 Farmers & Merchants Bancorp shares in Q2 2026, an estimated $2.9M.
Farmers & Merchants Bancorp made up 0.3% of Goelzer Investment Management's portfolio in Q2 2026, its #68 holding.
Goelzer Investment Management first reported a position in Farmers & Merchants Bancorp in Q2 2021 and has held it in 21 quarters since.
Goelzer Investment Management's Farmers & Merchants Bancorp position peaked at $12M in Q4 2025.
117 funds tracked by Wall St. Rank held Farmers & Merchants Bancorp as of Q2 2026.

Based on Goelzer Investment Management's 13F filing for Q2 2026, filed 15 Jul 2026.