Farmers & Merchants Bancorp
FMAO
92 hedge funds and large institutions have $106M invested in Farmers & Merchants Bancorp in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 34 increasing their positions, 27 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
26% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 27
13% more capital invested
Capital invested by funds: $93.9M → $106M (+$12.3M)
5.79% more ownership
Funds ownership: 27.3% → 33.09% (+5.8%)
5% more funds holding
Funds holding: 88 → 92 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Goelzer Investment Management
Carmel,
Indiana
|
+$11.4M |
| 2 |
QCM
Quantinno Capital Management
New York
|
+$692K |
| 3 |
BlackRock
New York
|
+$411K |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$379K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
TrueMark Investments
Chicago,
Illinois
|
-$559K |
| 2 |
CIC
Carnegie Investment Counsel
Pepper Pike,
Ohio
|
-$239K |
| 3 |
MMM
Mendel Money Management
Northbrook,
Illinois
|
-$227K |
| 4 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$223K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$219K |
FMAO Hedge Fund Activity: Q4 2025 in Review
92 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Farmers & Merchants Bancorp (FMAO) for Q4 2025, worth a combined $106M — up 13% from $93.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FMAO positions and 7 closed out — a net gain of 4 holders — while 34 added to existing stakes and 27 trimmed.
The largest buyer was Goelzer Investment Management, adding an estimated $11.4M. The largest seller was TrueMark Investments, exiting entirely with an estimated $559K sold.
- 92 institutional investors held Farmers & Merchants Bancorp (FMAO) as of Q4 2025, up from 88 in Q3 2025.
- Funds reported $106M of Farmers & Merchants Bancorp stock for Q4 2025, up 13% quarter-over-quarter.
- 11 funds opened new Farmers & Merchants Bancorp positions in Q4 2025 and 7 closed out, a net change of +4 holders.
- The largest Farmers & Merchants Bancorp buyer in Q4 2025 was Goelzer Investment Management, an estimated $11.4M added.
- The largest Farmers & Merchants Bancorp seller in Q4 2025 was TrueMark Investments, an estimated $559K sold.
Based on aggregated 13F filings for Q4 2025.