FARMERS & MERCHANTS BANCORP (FMAO)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
Institutions report 5,012,938 shares against 13,773,162 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $33.2M | 1,087,009 | 0.00% | 8q | +17.7%+$5.0M |
| VANGUARD CAPITAL MANAGEMENT LLC | $17.7M | 577,302 | 0.00% | 2q | +8.0%+$1.3M |
| GEODE CAPITAL MANAGEMENT, LLC | $10.2M | 334,406 | 0.00% | 31q | +8.1%+$770.8K |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $8.8M | 289,178 | 0.01% | 21q | HELD |
| DIMENSIONAL FUND ADVISORS LP | $8.2M | 268,387 | 0.00% | 31q | +18.3%+$1.3M |
| STATE STREET CORP | $8.2M | 268,035 | 0.00% | 31q | +19.5%+$1.3M |
| Goelzer Investment Management, Inc. | $6.8M | 223,604 | 0.30% | 21q | -32.0%-$3.2M |
| AMERICAN CENTURY COMPANIES INC | $5.7M | 186,959 | 0.00% | 8q | +204.0%+$3.8M |
| Mendel Money Management | $3.5M | 115,877 | 1.30% | 15q | -5.9%-$220.2K |
| NORTHERN TRUST CORP | $3.3M | 106,346 | 0.00% | 31q | +12.0%+$348.9K |
| Gryphon Financial Partners LLC | $3.1M | 100,185 | 0.27% | 10q | HELD |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.8M | 90,988 | 0.00% | 2q | +24.9%+$555.4K |
| Quantinno Capital Management LP | $2.6M | 85,334 | 0.00% | 3q | +124.3%+$1.4M |
| VANGUARD FIDUCIARY TRUST CO | $2.6M | 84,903 | 0.00% | 2q | -1.5%-$39.8K |
| AQR CAPITAL MANAGEMENT LLC | $2.3M | 74,087 | 0.00% | 4q | +396.6%+$1.8M |
| SEGALL BRYANT & HAMILL, LLC | $2.1M | 68,167 | 0.02% | 2q | +32.7%+$513.5K |
| ACADIAN ASSET MANAGEMENT LLC | $1.9M | 61,586 | 0.00% | 7q | +611.6%+$1.6M |
| RENAISSANCE TECHNOLOGIES LLC | $1.7M | 56,881 | 0.00% | new | NEW |
| CITADEL ADVISORS LLC | $1.7M | 55,111 | 0.00% | 9q | +189.5%+$1.1M |
| Bank of New York Mellon Corp | $1.5M | 49,847 | 0.00% | 31q | +10.4%+$144.1K |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.2M | 39,291 | 0.00% | 17q | +15.8%+$163.6K |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $1.0M | 34,233 | 0.01% | 19q | HELD |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.0M | 34,187 | 0.02% | 16q | +134.8%+$600.1K |
| Trexquant Investment LP | $1.0M | 33,062 | 0.01% | 3q | +62.5%+$388.7K |
| Venture Visionary Partners LLC | $948.3K | 31,008 | 0.03% | 23q | HELD |
| Empowered Funds, LLC | $906.9K | 29,657 | 0.00% | new | NEW |
| Nuveen, LLC | $860.4K | 28,135 | 0.00% | 6q | HELD |
| XTX Topco Ltd | $772.1K | 25,250 | 0.01% | new | NEW |
| MILLENNIUM MANAGEMENT LLC | $743.9K | 24,326 | 0.00% | 6q | -27.9%-$288.2K |
| Integrated Quantitative Investments LLC | $734.4K | 24,017 | 0.12% | 3q | +53.8%+$256.9K |
| GOLDMAN SACHS GROUP INC | $682.2K | 22,309 | 0.00% | 4q | -40.3%-$460.3K |
| Creative Planning | $678.4K | 22,185 | 0.00% | new | NEW |
| MORGAN STANLEY | $595.2K | 19,463 | 0.00% | 35q | -45.3%-$493.1K |
| Man Group plc | $534.5K | 17,480 | 0.00% | 2q | +81.1%+$239.3K |
| Thrivent Financial for Lutherans | $523.0K | 17,104 | 0.00% | new | NEW |
| RHUMBLINE ADVISERS | $515.0K | 16,841 | 0.00% | 17q | +8.4%+$39.8K |
| MERCER GLOBAL ADVISORS INC /ADV | $513.8K | 16,801 | 0.00% | 4q | +45.1%+$159.7K |
| WELLS FARGO & COMPANY/MN | $497.0K | 16,252 | 0.00% | 31q | +36.8%+$133.7K |
| Legato Capital Management LLC | $477.5K | 15,615 | 0.04% | 3q | HELD |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $446.9K | 14,613 | 0.00% | 5q | HELD |
| HICKS CAPITAL MANAGEMENT LLC | $443.8K | 14,513 | 0.36% | 4q | HELD |
| BANK OF AMERICA CORP /DE/ | $438.7K | 14,346 | 0.00% | 31q | -16.8%-$88.7K |
| DEUTSCHE BANK AG\ | $404.1K | 13,216 | 0.00% | 17q | +117.1%+$218.0K |
| AMERIPRISE FINANCIAL INC | $381.1K | 12,463 | 0.00% | new | NEW |
| MARSHALL WACE, LLP | $379.6K | 12,414 | 0.00% | 4q | -84.2%-$2.0M |
| Invesco Ltd. | $378.6K | 12,382 | 0.00% | 4q | -21.9%-$106.4K |
| Waverly Advisors, LLC | $369.1K | 12,069 | 0.00% | 5q | +1.1%+$4.2K |
| Revisor Wealth Management LLC | $354.9K | 11,607 | 0.09% | 6q | HELD |
| Align Financial, LLC | $342.5K | 11,200 | 0.17% | 3q | HELD |
| PRICE T ROWE ASSOCIATES INC /MD/ | $341.0K | 11,126 | 0.00% | 2q | +24.4%+$66.9K |
| PRUDENTIAL FINANCIAL INC | $325.5K | 10,645 | 0.00% | new | NEW |
| FIRST MANHATTAN CO. LLC. | $293.7K | 9,605 | 0.00% | 3q | HELD |
| ALLIANCEBERNSTEIN L.P. | $285.2K | 11,110 | 0.00% | 9q | +9.8%+$25.4K |
| Janney Montgomery Scott LLC | $275.0K | 9,000 | 0.00% | 4q | -26.2%-$97.8K |
| ABNER HERRMAN & BROCK LLC | $271.0K | 8,869 | 0.03% | 4q | HELD |
| Hendershot Investments Inc. | $269.7K | 30? | 0.04% | 22q | |
| Semanteon Capital Management, LP | $252.3K | 8,252 | 1.14% | new | NEW |
| UBS Group AG | $249.3K | 8,153 | 0.00% | 31q | +68.0%+$100.9K |
| IEQ CAPITAL, LLC | $249.1K | 8,145 | 0.00% | new | NEW |
| Sequoia Financial Advisors, LLC | $249.0K | 8,143 | 0.00% | new | NEW |
| Tufton Capital Management | $238.0K | 7,800 | 0.04% | 2q | HELD |
| MetLife Investment Management, LLC | $230.4K | 7,535 | 0.00% | 17q | +9.1%+$19.2K |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $229.8K | 7,515 | 0.00% | new | NEW |
| CITIGROUP INC | $229.4K | 7,501 | 0.00% | 13q | +245.0%+$162.9K |
| STIFEL FINANCIAL CORP | $217.0K | 7,096 | 0.00% | new | NEW |
| OCCUDO QUANTITATIVE STRATEGIES LP | $211.9K | 6,928 | 0.01% | new | NEW |
| Russell Investments Group, Ltd. | $211.2K | 6,907 | 0.00% | 4q | +644.3%+$182.8K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $190.8K | 6,240 | 0.00% | 9q | +3.2%+$5.9K |
| GLOBEFLEX CAPITAL L P | $181.4K | 5,931 | 0.02% | 2q | HELD |
| JPMORGAN CHASE & CO | $175.6K | 5,745 | 0.00% | 19q | +10.6%+$16.8K |
| STRS OHIO | $174.3K | 5,700 | 0.00% | new | NEW |
| Pavaki Capital Management LLC | $152.9K | 5,000 | 0.05% | 2q | HELD |
| Police & Firemen's Retirement System of New Jersey | $143.2K | 4,682 | 0.00% | 7q | +48.0%+$46.4K |
| Vanguard Global Advisers, LLC | $136.1K | 4,449 | 0.00% | 2q | HELD |
| State of Tennessee, Department of Treasury | $135.2K | 4,422 | 0.00% | new | NEW |
| NEW YORK STATE COMMON RETIREMENT FUND | $128.7K | 4,207 | 0.00% | 17q | HELD |
| LSV ASSET MANAGEMENT | $125.0K | 4,095 | 0.00% | 2q | HELD |
| Farther Finance Advisors, LLC | $120.7K | 3,948 | 0.00% | 5q | +18.6%+$18.9K |
| BNP PARIBAS FINANCIAL MARKETS | $114.0K | 3,729 | 0.00% | 31q | +9.5%+$9.9K |
| TRUST CO OF TOLEDO NA /OH/ | $111.3K | 3,640 | 0.01% | 5q | HELD |
| OSAIC HOLDINGS, INC. | $110.8K | 3,623 | 0.00% | 26q | -40.9%-$76.7K |
| ROYAL BANK OF CANADA | $81.0K | 2,653 | 0.00% | 18q | +26430.0%+$80.7K |
| Clearstead Advisors, LLC | $80.9K | 2,645 | 0.00% | 26q | +0.8% |
| CoreCap Advisors, LLC | $69.2K | 2,263 | 0.00% | 10q | +0.8% |
| Larson Financial Group LLC | $62.2K | 2,035 | 0.00% | 8q | HELD |
| BARCLAYS PLC | $60.0K | 1,962 | 0.00% | 12q | -68.3%-$129.4K |
| GAMMA Investing LLC | $59.2K | 1,935 | 0.00% | 11q | +5.0%+$2.8K |
| CANADA LIFE ASSURANCE Co | $42.0K | 1,360 | 0.00% | 3q | -6.9%-$3.1K |
| Ameritas Investment Partners, Inc. | $41.0K | 1,340 | 0.00% | 17q | HELD |
| Legal & General Group Plc | $40.4K | 1,322 | 0.00% | 17q | +17.6%+$6.1K |
| Arax Advisory Partners | $37.1K | 1,212 | 0.00% | 4q | +692.2%+$32.4K |
| SIMPLEX TRADING, LLC | $30.6K CALL | options only | 0.00% | new | OPTIONS |
| Tower Research Capital LLC (TRC) | $30.3K | 991 | 0.00% | 18q | -72.5%-$79.8K |
| Versant Capital Management, Inc | $24.9K | 813 | 0.00% | 8q | +72.2%+$10.4K |
| FMR LLC | $15.2K | 498 | 0.00% | 16q | +93.8%+$7.4K |
| State of Alaska, Department of Revenue | $12.0K | 423 | 0.00% | 3q | HELD |
| NISA INVESTMENT ADVISORS, LLC | $8.6K | 280 | 0.00% | 17q | HELD |
| Sterling Capital Management LLC | $8.3K | 273 | 0.00% | 8q | -35.2%-$4.5K |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5.4K | 178 | 0.00% | 17q | -74.1%-$15.6K |
| Allworth Financial LP | $5.3K | 174 | 0.00% | 4q | +923.5%+$4.8K |
Showing the largest 100 of 117 reported holders. The count of 116 above leaves out 1 position whose reported value failed our price check; it is listed here as filed.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-22 | Briggs Andrew J | Director | Sold | 6,000 | $172.3K |
| 2026-08-14 | Briggs Andrew J | Director | Sold | 3,000 | $106.1K |
| 2026-08-13 | Briggs Andrew J | Director | Sold | 3,000 | $105.6K |
| 2026-08-17 | Briggs Andrew J | Director | Sold | 3,000 | $105.3K |
| 2026-08-12 | Briggs Andrew J | Director | Sold | 3,000 | $104.8K |
| 2026-07-30 | Briggs Andrew J | Director | Sold | 3,000 | $104.6K |
| 2026-08-05 | Briggs Andrew J | Director | Sold | 3,000 | $104.3K |
| 2026-08-10 | Briggs Andrew J | Director | Sold | 3,000 | $103.6K |
| 2026-07-29 | Briggs Andrew J | Director | Sold | 3,000 | $103.4K |
| 2026-08-11 | Briggs Andrew J | Director | Sold | 3,000 | $103.4K |
| 2026-08-06 | Briggs Andrew J | Director | Sold | 3,000 | $102.7K |
| 2026-08-07 | Briggs Andrew J | Director | Sold | 3,000 | $102.2K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 28 | $9.3M | 268,933 | 5 | 6 | 3 | 0.0% |
| Q2 2026 | 116 | $153.3M | 5,012,938 | 22 | 50 | 17 | 0.0% |
| Q1 2026 | 105 | $116.3M | 4,519,972 | 14 | 36 | 29 | 0.2% |
| Q4 2025 | 89 | $105.9M | 4,281,813 | 10 | 33 | 24 | 0.0% |
| Q3 2025 | 87 | $95.0M | 3,759,020 | 20 | 25 | 17 | 1.1% |
| Q2 2025 | 77 | $94.0M | 3,678,337 | 10 | 25 | 18 | 1.1% |
| Q1 2025 | 72 | $87.4M | 3,657,084 | 8 | 15 | 26 | 0.0% |
| Q4 2024 | 70 | $108.9M | 3,695,070 | 8 | 27 | 10 | 0.0% |
| Q3 2024 | 66 | $99.8M | 3,607,045 | 12 | 21 | 12 | 0.1% |
| Q2 2024 | 61 | $78.5M | 3,378,147 | 11 | 16 | 18 | 0.1% |
| Q1 2024 | 56 | $76.3M | 3,419,742 | 5 | 18 | 14 | 0.0% |
| Q4 2023 | 57 | $82.3M | 3,315,086 | 7 | 22 | 11 | 0.0% |
| Q3 2023 | 52 | $53.2M | 3,032,254 | 5 | 15 | 14 | 0.0% |
| Q2 2023 | 51 | $69.9M | 3,106,329 | 4 | 17 | 16 | 0.0% |
| Q1 2023 | 51 | $72.5M | 2,977,798 | 2 | 19 | 13 | 0.0% |
| Q4 2022 | 62 | $81.8M | 3,007,905 | 6 | 22 | 19 | 0.0% |
| Q3 2022 | 58 | $92.6M | 3,442,380 | 9 | 20 | 15 | 0.0% |
| Q2 2022 | 61 | $114.5M | 3,448,483 | 23 | 16 | 10 | 0.0% |
| Q1 2022 | 55 | $67.1M | 1,854,900 | 15 | 16 | 8 | 0.0% |
| Q4 2021 | 44 | $77.3M | 2,355,120 | 12 | 11 | 12 | 0.0% |
| Q3 2021 | 33 | $46.0M | 2,055,216 | 2 | 10 | 11 | 0.0% |
| Q2 2021 | 39 | $43.9M | 2,014,560 | 11 | 7 | 15 | 0.0% |
| Q1 2021 | 41 | $54.7M | 2,175,193 | 5 | 11 | 14 | 0.0% |
| Q4 2020 | 37 | $49.4M | 2,146,507 | 2 | 14 | 11 | 0.0% |
| Q3 2020 | 37 | $105.5M | 5,270,545 | 1 | 9 | 15 | 0.0% |
| Q2 2020 | 41 | $114.0M | 5,365,137 | 5 | 18 | 9 | 0.0% |
| Q1 2020 | 39 | $241.8M | 9,332,790 | 4 | 15 | 12 | 0.0% |
| Q4 2019 | 39 | $163.1M | 5,408,908 | 5 | 17 | 4 | 0.0% |
| Q3 2019 | 36 | $134.4M | 5,176,473 | 3 | 15 | 6 | 0.0% |
| Q2 2019 | 39 | $153.8M | 5,281,693 | 5 | 15 | 10 | 0.0% |
| Q1 2019 | 40 | $225.9M | 7,502,740 | 2 | 10 | 10 | 0.0% |
| Q4 2018 | 43 | $291.2M | 7,566,062 | 0 | 1 | 2 | 0.0% |
