Farmers & Merchants Investments Inc.
Annual return '25
+10.2%
SPY '25
+17.7%
Alpha
-7.5ptsvs SPY
Invested
$3.6B
Holdings
1,757
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 97%. 3 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$IVV
iShares S&P 500 Index Fund
Q1 2026: Increased +240.7% (380.2k → 1.30M shares)
7.0%
02
$VEA
Vanguard FTSE Developed Markets ETF
Q1 2026: Sold 76.9% (3.55M → 820.2k shares)
6.5%
03
$NNI
Nelnet, Inc.
Q1 2026: Exited (was 1.18M shares)
4.2%
04
$IJR
iShares S&P Small Cap 600 Index ETF
Q1 2026: Increased +89.4% (1.18M → 2.24M shares)
4.2%
05
$IJH
iShares S&P Midcap 400
Q1 2026: Increased +194.2% (1.83M → 5.39M shares)
3.5%
06
$AAPL
Apple Inc
Q1 2026: Sold 91.5% (428.2k → 36.2k shares)
3.1%
07
$MSFT
Microsoft Corp
Q1 2026: Sold 92.3% (262.7k → 20.3k shares)
2.8%
08
$VWO
Vanguard FTSE Emerging Markets ETF
Q1 2026: Sold 68.2% (1.43M → 455.3k shares)
2.1%
09
$AVGO
Broadcom Inc
Q1 2026: Sold 98.6% (214.1k → 3.1k shares)
1.8%
10
$BND
Vanguard Total Bond Market ETF
Q1 2026: Increased +248.8% (787.9k → 2.75M shares)
1.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 11:19 UTC.