FARMERS & MERCHANTS INVESTMENTS INC

LINCOLN, NE · CIK 1259969 · 13F filing filed 2026-07-20

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyLincoln, NE

$4.1bn reported value +13.9% vs Q1 2026

1,760positions

37.2%in top 10

62 new 185 added 395 reduced 62 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

UNION BANK & TRUST CO /NE/ – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE S&P500 ETF IVV	IVV	390,589	$292.5m7.09%	7.09%	Added +2.8k	+2,801 0.7%
2	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	3,755,844	$267.6m6.48%	6.48%	Added +106.3k	+106,314 2.9%
3	ISHARES TR CORE S&P SCP ETF IJR	IJR	1,116,608	$165.6m4.01%	4.01%	Reduced -97.0k	-96,991 -8.0%
4	NELNET INC CL A NNI	NNI	1,179,351	$157.2m3.81%	3.81%	Reduced -5.0k	-5,000 -0.4%
5	ISHARES TR CORE S&P MCP ETF IJH	IJH	1,938,937	$149.5m3.62%	3.62%	Added +53.7k	+53,672 2.9%
6	APPLE INC COM AAPL	AAPL	447,308	$129.4m3.14%	3.14%	Added +7.0k	+6,997 1.6%
7	ADVANCED MICRO DEVICES INC COM AMD	AMD	193,518	$112.4m2.72%	2.72%	Reduced -781	-781 -0.4%
8	MICROSOFT CORP COM MSFT	MSFT	282,623	$105.4m2.55%	2.55%	Added +9.5k	+9,451 3.5%
9	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,326,765	$79.2m1.92%	1.92%	Reduced -100.2k	-100,161 -7.0%
10	BROADCOM INC COM AVGO	AVGO	205,311	$77.6m1.88%	1.88%	Reduced -7.7k	-7,703 -3.6%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	183,721	$65.7m1.59%	1.59%	Added +2.1k	+2,102 1.2%
12	AMPHENOL CORP CL A APH	APH	369,201	$65.1m1.58%	1.58%	Added +4.2k	+4,217 1.2%
13	WESCO INTL INC COM WCC	WCC	174,057	$60.1m1.46%	1.46%	Reduced -1.5k	-1,540 -0.9%
14	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	813,345	$59.7m1.45%	1.45%	Added +4.8k	+4,809 0.6%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	114,155	$57.1m1.38%	1.38%	Added +2.6k	+2,607 2.3%
16	ALPHABET INC CAP STK CL C GOOG	GOOG	152,949	$54.0m1.31%	1.31%	Added +4.9k	+4,867 3.3%
17	ELI LILLY & CO COM LLY	LLY	44,397	$53.3m1.29%	1.29%	Reduced -610	-610 -1.4%
18	JPMORGAN CHASE & CO COM JPM	JPM	153,996	$50.4m1.22%	1.22%	Added +1.6k	+1,567 1.0%
19	ISHARES TR 0-5YR INVT GR CP SLQD	SLQD	982,350	$49.5m1.20%	1.20%	Added +11.4k	+11,362 1.2%
20	WALMART INC COM WMT	WMT	405,094	$45.9m1.11%	1.11%	Reduced -13.4k	-13,370 -3.2%
21	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	95,452	$45.6m1.10%	1.10%	Added +2.1k	+2,076 2.2%
22	DELL TECHNOLOGIES INC CL C DELL	DELL	98,373	$42.4m1.03%	1.03%	Reduced -1.5k	-1,522 -1.5%
23	AMAZON COM INC COM AMZN	AMZN	171,378	$40.8m0.99%	0.99%	Added +8.8k	+8,809 5.4%
24	JOHNSON & JOHNSON COM JNJ	JNJ	159,376	$40.5m0.98%	0.98%	Added +2.2k	+2,185 1.4%
25	NVIDIA CORPORATION COM NVDA	NVDA	199,159	$39.8m0.97%	0.97%	Added +13.8k	+13,817 7.5%
26	EXXON MOBIL CORP COM XOM	XOM	270,273	$37.0m0.90%	0.90%	Added +3.0k	+2,990 1.1%
27	CISCO SYS INC COM CSCO	CSCO	301,674	$35.4m0.86%	0.86%	Reduced -3.5k	-3,483 -1.1%
28	PALO ALTO NETWORKS INC COM PANW	PANW	101,488	$34.6m0.84%	0.84%	Added +6.2k	+6,192 6.5%
29	GOLDMAN SACHS GROUP INC COM GS	GS	32,556	$32.9m0.80%	0.80%	Added +172	+172 0.5%
30	TEXAS INSTRS INC COM TXN	TXN	104,902	$31.3m0.76%	0.76%	Added +1.4k	+1,411 1.4%
31	ORACLE CORP COM ORCL	ORCL	211,699	$31.0m0.75%	0.75%	Added +2.4k	+2,350 1.1%
32	LOWES COS INC COM LOW	LOW	129,937	$28.6m0.69%	0.69%	Added +3.4k	+3,352 2.6%
33	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	37	$27.7m0.67%	0.67%	Reduced -1	-1 -2.6%
34	CVS HEALTH CORP COM CVS	CVS	262,608	$27.2m0.66%	0.66%	Added +2.0k	+1,955 0.8%
35	CATERPILLAR INC COM CAT	CAT	25,053	$26.7m0.65%	0.65%	Reduced -644	-644 -2.5%
36	EMERSON ELEC CO COM EMR	EMR	185,400	$26.5m0.64%	0.64%	Added +1.8k	+1,829 1.0%
37	UNITEDHEALTH GROUP INC COM UNH	UNH	63,018	$26.2m0.63%	0.63%	Added +448	+448 0.7%
38	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	12,630	$25.1m0.61%	0.61%	Added +274	+274 2.2%
39	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	36,563	$25.1m0.61%	0.61%	Added +303	+303 0.8%
40	BANK AMERICA CORP COM BAC	BAC	414,377	$23.6m0.57%	0.57%	Added +7.0k	+7,043 1.7%
41	PEPSICO INC COM PEP	PEP	172,175	$23.3m0.56%	0.56%	Added +2.8k	+2,773 1.6%
42	VISA INC COM CL A V	V	67,906	$23.3m0.56%	0.56%	Reduced -188	-188 -0.3%
43	UNION PAC CORP COM UNP	UNP	82,218	$22.4m0.54%	0.54%	Reduced -78	-78 -0.1%
44	RTX CORPORATION COM RTX	RTX	114,759	$21.8m0.53%	0.53%	Reduced -120	-120 -0.1%
45	ISHARES TR RUSSELL 2000 ETF IWM	IWM	72,308	$21.7m0.53%	0.53%	Added +124	+124 0.2%
46	ABBVIE INC COM ABBV	ABBV	85,666	$21.6m0.52%	0.52%	Added +3.5k	+3,498 4.3%
47	AIR PRODS & CHEMS INC COM APD	APD	70,728	$20.7m0.50%	0.50%	Added +495	+495 0.7%
48	PROCTER AND GAMBLE CO COM PG	PG	136,436	$20.0m0.48%	0.48%	Added +1.1k	+1,090 0.8%
49	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	251,560	$19.9m0.48%	0.48%	Reduced -20.6k	-20,600 -7.6%
50	MCDONALDS CORP COM MCD	MCD	68,407	$18.5m0.45%	0.45%	Added +1.2k	+1,158 1.7%
51	DOVER CORP COM DOV	DOV	81,499	$18.3m0.44%	0.44%	Reduced -672	-672 -0.8%
52	CHEVRON CORP NEW COM CVX	CVX	110,157	$18.3m0.44%	0.44%	Added +445	+445 0.4%
53	CAPITAL ONE FINL CORP COM COF	COF	88,390	$17.7m0.43%	0.43%	Added +2.2k	+2,212 2.6%
54	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	335,679	$16.9m0.41%	0.41%	Reduced -13.1k	-13,052 -3.7%
55	METLIFE INC COM MET	MET	198,029	$16.8m0.41%	0.41%	Added +499	+499 0.2%
56	US BANCORP DEL COM NEW USB	USB	275,473	$16.6m0.40%	0.40%	Reduced -3.8k	-3,800 -1.4%
57	ABBOTT LABS COM ABT	ABT	182,692	$16.6m0.40%	0.40%	Added +5.2k	+5,167 2.9%
58	COSTCO WHSL CORP NEW COM COST	COST	17,524	$16.4m0.40%	0.40%	Added +61	+61 0.3%
59	LINDE PLC SHS LIN	LIN	31,198	$16.2m0.39%	0.39%	Reduced -289	-289 -0.9%
60	ROSS STORES INC COM ROST	ROST	75,872	$16.1m0.39%	0.39%	Reduced -2.0k	-2,003 -2.6%
61	NUCOR CORP COM NUE	NUE	71,960	$16.0m0.39%	0.39%	Reduced -2.1k	-2,053 -2.8%
62	ENBRIDGE INC COM ENB	ENB	292,885	$15.9m0.38%	0.38%	Added +5.9k	+5,854 2.0%
63	SALESFORCE INC COM CRM	CRM	100,581	$15.8m0.38%	0.38%	Added +19.5k	+19,528 24.1%
64	ISHARES TR S&P 500 GRWT ETF IVW	IVW	111,546	$15.3m0.37%	0.37%	Reduced -3.7k	-3,744 -3.2%
65	WASTE MGMT INC DEL COM WM	WM	68,281	$15.2m0.37%	0.37%	Reduced -135	-135 -0.2%
66	MERCK & CO INC COM MRK	MRK	117,788	$15.1m0.37%	0.37%	Reduced -384	-384 -0.3%
67	STARBUCKS CORP COM SBUX	SBUX	144,591	$14.8m0.36%	0.36%	Added +2.1k	+2,107 1.5%
68	ISHARES TR GNMA BOND ETF GNMA	GNMA	330,244	$14.6m0.35%	0.35%	Added +9.6k	+9,640 3.0%
69	SYSCO CORP COM SYY	SYY	173,992	$14.5m0.35%	0.35%	Reduced -1.7k	-1,694 -1.0%
70	ICON PLC SHS ICLR	ICLR	82,928	$14.4m0.35%	0.35%	Reduced -93	-93 -0.1%
71	DISNEY WALT CO COM DIS	DIS	148,428	$14.3m0.35%	0.35%	Added +2.1k	+2,054 1.4%
72	AFLAC INC COM AFL	AFL	121,837	$14.3m0.35%	0.35%	Reduced -624	-624 -0.5%
73	ISHARES TR MBS ETF MBB	MBB	149,687	$14.1m0.34%	0.34%	Added +3.9k	+3,943 2.7%
74	BLACKROCK INC COM BLK	BLK	14,312	$13.8m0.33%	0.33%	Added +140	+140 1.0%
75	ISHARES TR RUS MD CP GR ETF IWP	IWP	93,272	$13.7m0.33%	0.33%	Reduced -229	-229 -0.2%
76	AMERIPRISE FINL INC COM AMP	AMP	29,691	$13.6m0.33%	0.33%	Reduced -1.1k	-1,051 -3.4%
77	ISHARES TR IBOXX HI YD ETF HYG	HYG	169,455	$13.6m0.33%	0.33%	Reduced -3.8k	-3,848 -2.2%
78	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	168,486	$13.1m0.32%	0.32%	Added +450	+450 0.3%
79	TJX COS INC NEW COM TJX	TJX	82,849	$12.6m0.30%	0.30%	Added +24	+24 0.0%
80	STRYKER CORPORATION COM SYK	SYK	39,439	$12.4m0.30%	0.30%	Reduced -917	-917 -2.3%
81	META PLATFORMS INC CL A META	META	21,757	$12.3m0.30%	0.30%	Added +2.1k	+2,051 10.4%
82	QUALCOMM INC COM QCOM	QCOM	66,047	$12.2m0.30%	0.30%	Reduced -455	-455 -0.7%
83	WELLS FARGO CO NEW COM WFC	WFC	146,477	$12.1m0.29%	0.29%	Reduced -3.7k	-3,681 -2.5%
84	EDWARDS LIFESCIENCES CORP COM EW	EW	133,747	$12.1m0.29%	0.29%	Added +5.8k	+5,825 4.5%
85	VERIZON COMMUNICATIONS INC COM VZ	VZ	284,410	$12.0m0.29%	0.29%	Added +6.8k	+6,771 2.4%
86	ITT INC COM ITT	ITT	60,772	$12.0m0.29%	0.29%	Added +1.6k	+1,568 2.6%
87	ROPER TECHNOLOGIES INC COM ROP	ROP	35,448	$12.0m0.29%	0.29%	Reduced -644	-644 -1.8%
88	GRAINGER W W INC COM GWW	GWW	8,301	$11.3m0.27%	0.27%	Reduced -10	-10 -0.1%
89	OCCIDENTAL PETE CORP COM OXY	OXY	227,248	$11.0m0.27%	0.27%	Reduced -4.4k	-4,363 -1.9%
90	HOME DEPOT INC COM HD	HD	29,919	$10.6m0.26%	0.26%	Reduced -337	-337 -1.1%
91	MEDTRONIC PLC SHS MDT	MDT	133,089	$10.4m0.25%	0.25%	Reduced -1.8k	-1,829 -1.4%
92	CONOCOPHILLIPS COM COP	COP	99,465	$10.3m0.25%	0.25%	Added +24	+24 0.0%
93	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	45,900	$10.3m0.25%	0.25%	Reduced -236	-236 -0.5%
94	NEXTERA ENERGY INC COM NEE	NEE	117,021	$10.3m0.25%	0.25%	Added +1.4k	+1,393 1.2%
95	MONDELEZ INTL INC CL A MDLZ	MDLZ	176,009	$10.2m0.25%	0.25%	Reduced -88	-88 -0.1%
96	ILLINOIS TOOL WKS INC COM ITW	ITW	36,414	$9.8m0.24%	0.24%	Reduced -325	-325 -0.9%
97	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	12,691	$9.5m0.23%	0.23%	Added +157	+157 1.2%
98	COCA COLA CO COM KO	KO	115,698	$9.4m0.23%	0.23%	Added +2.0k	+1,981 1.7%
99	JOHNSON CTLS INTL PLC SHS JCI	JCI	64,239	$9.4m0.23%	0.23%	Added +2.5k	+2,455 4.0%
100	AMGEN INC COM AMGN	AMGN	25,625	$9.3m0.22%	0.22%	Reduced -176	-176 -0.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		24,848	$11.2m24.8k shares
ISHARES TR IMCB	IMCB	1,503	$125.4k1.5k shares
ISHARES TR IYC	IYC	864	$83.7k864 shares
COTERRA ENERGY INC CTRA	CTRA	2,305	$81.0k2.3k shares
FIRST TR EXCHANGE-TRADED FD FTSM	FTSM	900	$53.8k900 shares
DUPONT DE NEMOURS INC DWDP	DWDP	369	$50.7k369 shares
CARNIVAL CORP		1,631	$42.2k1.6k shares
SPDR SER TR SHM	SHM	737	$35.3k737 shares
INVESCO EXCH TRD SLF IDX FD BSCR	BSCR	1,267	$24.9k1.3k shares
COINBASE GLOBAL INC COIN 0.5 06.01.26	COIN 0.5 06.01.26	25,000	$24.8k25.0k shares
INVESCO EXCH TRD SLF IDX FD BSCT	BSCT	1,327	$24.8k1.3k shares
CSG SYS INTL INC		272	$21.7k272 shares
AGNICO EAGLE MINES LTD AEM	AEM	100	$20.3k100 shares
ISHARES TR GOVT	GOVT	618	$14.2k618 shares
ISHARES TR IHE	IHE	150	$13.0k150 shares
HONDA MOTOR LTD HMC	HMC	434	$10.6k434 shares
MASIMO CORP MASI	MASI	42	$7.5k42 shares
ISHARES TR IXJ	IXJ	66	$6.2k66 shares
ROCKET COS INC RKT	RKT	418	$6.0k418 shares
BOSTON OMAHA CORP BOC	BOC	509	$5.9k509 shares
EPAM SYS INC EPAM	EPAM	37	$5.0k37 shares
STRUCTURE THERAPEUTICS INC GPCR	GPCR	100	$4.8k100 shares
VANECK ETF TRUST HYD	HYD	96	$4.8k96 shares
SOFI TECHNOLOGIES INC SOFI	SOFI	250	$4.0k250 shares
AIR LEASE CORP AL	AL	60	$3.9k60 shares