Farmers & Merchants Bancorp, Inc.
US ˙ NasdaqCM ˙ US30779N1054

SecurityFMAO / Farmers & Merchants Bancorp, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership35,588 shares
Latest Disclosed Value $ 913,559
Morgan Stanley reports 43.25% increase in ownership of FMAO / Farmers & Merchants Bancorp, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 35,588 shares of Farmers & Merchants Bancorp, Inc. (US:FMAO) valued at $913,544 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 24,844 shares of Farmers & Merchants Bancorp, Inc.. This represents a change in shares of 43.25% during the quarter. The current value of the position is $999,667 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 35,588 10,744 43.25 914 48.70 0.0001
2026-05-27 2025-12-31 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 24,844 5,374 27.60 614 26.34 0.0000
2026-02-13 2025-12-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 24,844 5,374 614 0.0000
2026-05-27 2025-09-30 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 19,470 -2,481 -11.30 487 -12.27 0.0000
2025-11-14 2025-09-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 19,470 -2,481 487 0.0000
2025-08-15 2025-06-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 21,951 1,811 8.99 555 15.18 0.0000
2025-05-15 2025-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 20,140 -15,269 -43.12 482 -53.84 0.0000
2025-05-15 2024-12-31 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 35,409 -2,877 -7.51 1,043 -1.51 0.0001
2025-02-14 2024-12-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 35,409 -2,877 1,043 0.0001
2025-05-14 2024-09-30 13F/A-2 FARMERS & MERCHANTS BANCORP COM 30779N105 38,286 21,334 125.85 1,059 169.21 0.0001
2025-02-14 2024-09-30 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 38,286 21,334 1,059 0.0001
2024-11-14 2024-09-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 38,286 21,334 1,059 0.0000
2025-05-14 2024-06-30 13F/A-2 FARMERS & MERCHANTS BANCORP COM 30779N105 16,952 -3,375 -16.60 394 -13.25 0.0000
2024-10-17 2024-06-30 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 16,952 -3,375 394 0.0000
2024-08-14 2024-06-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 16,952 -3,375 394 0.0000
2024-10-17 2024-03-31 13F/A-2 FARMERS & MERCHANTS BANCORP COM 30779N105 20,327 -8,060 -28.39 453 -35.65 0.0000
2024-08-16 2024-03-31 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 20,327 -8,060 453 0.0000
2024-05-15 2024-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 20,327 -8,060 453 0.0000
2024-08-16 2023-12-31 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 28,387 19,077 204.91 704 331.90 0.0001
2024-02-13 2023-12-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 28,387 19,077 704 0.0001
2023-11-15 2023-09-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 9,310 -4,179 -30.98 163 -46.20 0.0000
2023-08-14 2023-06-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 13,489 -1,306 -8.83 304 -15.60 0.0000
2023-05-15 2023-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 14,795 -4,243 -22.29 360 -30.56 0.0000
2023-02-14 2022-12-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 19,038 11,095 139.68 517 141.59 0.0001
2022-11-14 2022-09-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 7,943 -56,794 -87.73 214 -90.04 0.0000
2022-10-27 2022-06-30 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 64,737 49,246 317.90 2,149 284.44 0.0003
2022-08-15 2022-06-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 64,737 49,246 2,149 0.0001
2022-10-27 2022-03-31 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 15,491 2,681 20.93 559 32.78 0.0001
2022-05-13 2022-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 15,491 2,681 559 0.0001
2022-02-14 2021-12-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 12,810 -3,008 -19.02 421 18.93 0.0001
2021-11-15 2021-09-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 15,818 -1,166 -6.87 354 -4.58 0.0000
2021-08-23 2021-06-30 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 16,984 1,941 12.90 371 -1.59 0.0000
2021-08-16 2021-06-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 16,984 1,941 371 0.0000
2021-05-17 2021-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 15,043 -9,790 -39.42 377 -33.98 0.0001
2021-02-16 2020-12-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 24,833 13,929 127.74 571 161.93 0.0001
2020-11-13 2020-09-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 10,904 -244 -2.19 218 -8.02 0.0000
2020-08-14 2020-06-30 13F FARMERS & MERCHANTS BANCORP COM 30779N105 11,148 2,369 26.98 237 4.41 0.0001
2020-05-26 2020-03-31 13F/A-1 FARMERS & MERCHANTS BANCORP COM 30779N105 8,779 -13,757 -61.04 227 -66.57 0.0001
2020-05-15 2020-03-31 13F FARMERS & MERCHANTS BANCORP COM 30779N105 8,779 -13,757 227 17.4383
2020-02-14 2019-12-31 13F FARMER & MERCHANTS BANCORP I COM 30779N105 22,536 10,160 82.09 679 110.87 0.0002
2019-11-14 2019-09-30 13F FARMER & MERCHANTS BANCORP I COM 30779N105 12,376 2,514 25.49 322 11.81 0.0001
2019-08-14 2019-06-30 13F FARMER & MERCHANTS BANCORP I COM 30779N105 9,862 -1,031 -9.46 288 -12.20 0.0001
2019-05-15 2019-03-31 13F FARMER & MERCHANTS BANCORP I COM 30779N105 10,893 -17,585 -61.75 328 -70.10 0.0001
2019-02-14 2018-12-31 13F FARMER & MERCHANTS BANCORP I COM 30779N105 28,478 417 1.49 1,097 -8.20 0.0003
2019-04-23 2018-09-30 13F/A-2 FARMER & MERCHANTS BANCORP I COM 30779N105 28,061 7,607 37.19 1,195 44.85 0.0003
2018-11-20 2018-09-30 13F/A-1 FARMER & MERCHANTS BANCORP I COM 30779N105 28,061 0 1,195 0.0003
2018-11-14 2018-09-30 13F FARMER & MERCHANTS BANCORP I COM 30779N105 28,061 7,607 1,195
2019-04-23 2018-06-30 13F/A-1 FARMER & MERCHANTS BANCORP I COM 30779N105 20,454 711 3.60 825 3.51 0.0002
2018-08-14 2018-06-30 13F FARMER & MERCHANTS BANCORP I COM 30779N105 20,454 711 825
2019-04-23 2018-03-31 13F/A-1 FARMER & MERCHANTS BANCORP I COM 30779N105 19,743 2,269 12.99 797 11.78 0.0002
2018-05-14 2018-03-31 13F FARMER & MERCHANTS BANCORP I COM 30779N105 19,743 2,269 797
2019-04-23 2017-12-31 13F/A-1 FARMER & MERCHANTS BANCORP I COM 30779N105 17,474 6,166 54.53 713 73.06 0.0002
2018-02-14 2017-12-31 13F FARMER & MERCHANTS BANCORP I COM 30779N105 17,474 6,166 713
2017-11-14 2017-09-30 13F FARMER & MERCHANTS BANCORP I COM 30779N105 11,308 7,475 195.02 412 73.11 0.0001
2017-08-11 2017-06-30 13F FARMER & MERCHANTS BANCORP I COM 30779N105 3,833 3,833 238 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.