INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

FARMERS & MERCHANTS INVESTMENTS INC's Holding History (CIK: 0001259969)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 26,045 Value ($000) $7,715 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 26,882 Value ($000) $7,585 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 29,582 Value ($000) $8,720 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 30,282 Value ($000) $7,530 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 30,108 Value ($000) $6,619 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 30,383 Value ($000) $6,717 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 30,936 Value ($000) $5,350 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 30,291 Value ($000) $5,784 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 33,085 Value ($000) $5,411 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 34,816 Value ($000) $4,885 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 33,856 Value ($000) $4,530 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 20,288 Value ($000) $2,660 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 41,461 Value ($000) $5,841 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 41,178 Value ($000) $4,892 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 40,428 Value ($000) $5,708 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 38,756 Value ($000) $5,039 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 38,018 Value ($000) $5,081 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 37,611 Value ($000) $5,225 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 37,452 Value ($000) $5,490 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 40,535 Value ($000) $5,402 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 41,445 Value ($000) $5,217 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 41,513 Value ($000) $5,051 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 41,448 Value ($000) $5,006 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 41,536 Value ($000) $4,608 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 41,478 Value ($000) $5,560 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 43,733 Value ($000) $6,360 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 44,920 Value ($000) $6,194 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 45,066 Value ($000) $6,359 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 45,244 Value ($000) $5,143 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 50,054 Value ($000) $7,569 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 50,306 Value ($000) $7,028 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 40,576 Value ($000) $6,226 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 5,807 Value ($000) $891 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 5,504 Value ($000) $799 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 7,648 Value ($000) $1,176 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 10,648 Value ($000) $1,854 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 11,182 Value ($000) $1,856 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 11,582 Value ($000) $1,840 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 12,007 Value ($000) $1,822 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 12,207 Value ($000) $1,849 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 12,888 Value ($000) $1,774 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 14,982 Value ($000) $2,172 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 15,207 Value ($000) $2,474 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 15,208 Value ($000) $2,441 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 15,252 Value ($000) $2,447 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 15,720 Value ($000) $2,984 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 15,238 Value ($000) $2,762 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 15,858 Value ($000) $3,053 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 15,819 Value ($000) $2,967 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 15,730 Value ($000) $2,913 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 16,819 Value ($000) $3,214 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,045	$7,715	$298.78	$262.11 - $324.90
Q3 2025	26,882	$7,585	$259.55	$232.08 - $292.01
Q2 2025	29,582	$8,720	$253.82	$210.49 - $292.56
Q1 2025	30,282	$7,530	$239.40	$209.20 - $261.47
Q4 2024	30,108	$6,619	$216.31	$196.83 - $233.32
Q3 2024	30,383	$6,717	$188.97	$166.24 - $216.80
Q2 2024	30,936	$5,350	$165.85	$154.39 - $183.50
Q1 2024	30,291	$5,784	$172.56	$148.54 - $189.10
Q4 2023	33,085	$5,411	$141.50	$126.39 - $156.49
Q3 2023	34,816	$4,885	$131.75	$120.98 - $141.33
Q2 2023	33,856	$4,530	$118.05	$110.47 - $128.27
Q1 2023	20,288	$2,660	$120.73	$110.43 - $131.92
Q4 2022	41,461	$5,841	$123.05	$102.35 - $137.32
Q3 2022	41,178	$4,892	$115.64	$105.06 - $124.09
Q2 2022	40,428	$5,708	$117.50	$107.95 - $126.60
Q1 2022	38,756	$5,039	$112.10	$102.68 - $121.43
Q4 2021	38,018	$5,081	$106.49	$97.83 - $117.62
Q3 2021	37,611	$5,225	$112.12	$106.97 - $117.48
Q2 2021	37,452	$5,490	$113.44	$102.70 - $121.73
Q1 2021	40,535	$5,402	$98.07	$91.22 - $107.97
Q4 2020	41,445	$5,217	$93.41	$81.15 - $103.82
Q3 2020	41,513	$5,051	$93.86	$87.12 - $99.96
Q2 2020	41,448	$5,006	$91.40	$78.00 - $102.76
Q1 2020	41,536	$4,608	$98.28	$67.58 - $117.24
Q4 2019	41,478	$5,560	$99.90	$95.55 - $107.55
Q3 2019	43,733	$6,360	$102.47	$94.04 - $110.34
Q2 2019	44,920	$6,194	$98.62	$91.51 - $103.66
Q1 2019	45,066	$6,359	$94.64	$78.71 - $101.33
Q4 2018	45,244	$5,143	$87.95	$74.66 - $107.42
Q3 2018	50,054	$7,569	$101.25	$95.14 - $106.71
Q2 2018	50,306	$7,028	$99.95	$94.63 - $110.30
Q1 2018	40,576	$6,226	$107.30	$98.32 - $115.38
Q4 2017	5,807	$891	$102.11	$96.94 - $108.49
Q3 2017	5,504	$799	$96.87	$92.88 - $103.07
Q2 2017	7,648	$1,176	$103.77	$98.95 - $115.36
Q1 2017	10,648	$1,854	$114.39	$107.32 - $119.58
Q4 2016	11,182	$1,856	$103.05	$95.06 - $110.31
Q3 2016	11,582	$1,840	$101.76	$95.61 - $106.13
Q2 2016	12,007	$1,822	$95.13	$90.08 - $99.15
Q1 2016	12,207	$1,849	$84.07	$73.78 - $96.70
Q4 2015	12,888	$1,774	$87.52	$82.31 - $94.87
Q3 2015	14,982	$2,172	$95.35	$87.10 - $106.76
Q2 2015	15,207	$2,474	$102.99	$96.57 - $107.49
Q1 2015	15,208	$2,441	$96.47	$90.53 - $100.82
Q4 2014	15,252	$2,447	$100.47	$91.12 - $114.79
Q3 2014	15,720	$2,984	$114.33	$108.62 - $117.41
Q2 2014	15,238	$2,762	$112.28	$107.17 - $118.40
Q1 2014	15,858	$3,053	$109.22	$101.79 - $116.27
Q4 2013	15,819	$2,967	$106.40	$101.46 - $111.01
Q3 2013	15,730	$2,913	$111.55	$106.48 - $117.56
Q2 2013	16,819	$3,214	$118.94	$109.29 - $125.13