# First Farmers & Merchants Bank / Trust

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1911040. Source: https://holderbook.com/funds/1911040-first-farmers-merchants-bank-trust/

- Reported value: $75.4M
- Positions: 88
- Weight of the ten largest: 37.9%
- Filed: 2022-10-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $6.1M | 70,844 | 8.1% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.3M | 31,386 | 5.8% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.9M | 17,920 | 5.2% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.8M | 12,071 | 3.7% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.2M | 25,122 | 2.9% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.0M | 23,033 | 2.7% | 4 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.9M | 32,640 | 2.5% | 4 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.8M | 14,307 | 2.4% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.8M | 13,141 | 2.3% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.7M | 10,501 | 2.3% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.7M | 10,484 | 2.3% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.7M | 6,098 | 2.2% | 4 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.5M | 27,997 | 2.0% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4M | 32,841 | 1.9% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.3M | 9,076 | 1.7% | 4 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.3M | 18,443 | 1.7% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.2M | 5,281 | 1.6% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.2M | 14,808 | 1.5% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1M | 10,759 | 1.5% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1M | 8,627 | 1.5% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.1M | 6,557 | 1.4% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.0M | 25,340 | 1.3% | 4 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.0M | 6,277 | 1.3% | 4 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $999.0K | 6,731 | 1.3% | 4 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $992.0K | 13,348 | 1.3% | 4 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $943.0K | 5,018 | 1.3% | 4 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $832.0K | 12,500 | 1.1% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $832.0K | 32,301 | 1.1% | 4 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $781.0K | 10,977 | 1.0% | 4 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $765.0K | 9,351 | 1.0% | 4 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $744.0K | 4,985 | 1.0% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $729.0K | 2,033 | 1.0% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $700.0K | 7,231 | 0.9% | 4 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $696.0K | 9,196 | 0.9% | 4 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $655.0K | 3,627 | 0.9% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $650.0K | 11,608 | 0.9% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $648.0K | 2,005 | 0.9% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $627.0K | 40,842 | 0.8% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $615.0K | 14,294 | 0.8% | 4 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $613.0K | 5,367 | 0.8% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $604.0K | 15,900 | 0.8% | 4 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $597.0K | 9,786 | 0.8% | 4 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $583.0K | 1,059 | 0.8% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $578.0K | 4,584 | 0.8% | 4 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $563.0K | 5,098 | 0.7% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $560.0K | 9,696 | 0.7% | 4 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $558.0K | 12,824 | 0.7% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $539.0K | 4,771 | 0.7% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $521.0K | 3,864 | 0.7% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $511.0K | 2,621 | 0.7% | 4 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $503.0K | 4,470 | 0.7% | 4 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $502.0K | 1,863 | 0.7% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $483.0K | 955 | 0.6% | 4 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $464.0K | 6,705 | 0.6% | 4 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $433.0K | 6,367 | 0.6% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $417.0K | 5,170 | 0.6% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $409.0K | 10,157 | 0.5% | 4 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $374.0K | 4,362 | 0.5% | 4 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $369.0K | 1,965 | 0.5% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $362.0K | 3,199 | 0.5% | 4 |
| INSCORP INC | [IBTN](https://holderbook.com/stocks/IBTN/) | $349.0K | 17,136 | 0.5% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $348.0K | 3,624 | 0.5% | 4 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $348.0K | 4,549 | 0.5% | 4 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $345.0K | 3,620 | 0.5% | 4 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $341.0K | 1,682 | 0.5% | 4 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $340.0K | 6,052 | 0.5% | 4 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $332.0K | 3,011 | 0.4% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $302.0K | 1,687 | 0.4% | 4 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $297.0K | 1,600 | 0.4% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $295.0K | 8,125 | 0.4% | 4 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $273.0K | 1,665 | 0.4% | 4 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $271.0K | 2,226 | 0.4% | 4 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $263.0K | 1,975 | 0.3% | 4 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $262.0K | 1,707 | 0.3% | 4 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $252.0K | 5,111 | 0.3% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $243.0K | 480 | 0.3% | 4 |
| CRACKER BARREL OLD CTRY STOR | [CBRL](https://holderbook.com/stocks/CBRL/) | $228.0K | 2,464 | 0.3% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $227.0K | 7,730 | 0.3% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $222.0K | 7,367 | 0.3% | 4 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $222.0K | 2,339 | 0.3% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $218.0K | 1,835 | 0.3% | 4 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $215.0K | 950 | 0.3% | 4 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $215.0K | 2,005 | 0.3% | 4 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $214.0K | 640 | 0.3% | 1 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $210.0K | 2,000 | 0.3% | 4 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $206.0K | 5,108 | 0.3% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $204.0K | 459 | 0.3% | 4 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $204.0K | 2,517 | 0.3% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2022 | -6.1% | -5.3% | -0.8% | 100% |
| Q2 2022 | -10.6% | -16.5% | +5.8% | 100% |
| Q1 2022 | -3.4% | -4.9% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $75.4M | 88 |
| Q2 2022 | $80.7M | 89 |
| Q1 2022 | $93.9M | 99 |
| Q4 2021 | $100.6M | 102 |