Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FARMERS & MERCHANTS BANCORP (FMAO)

89 + Investors. Track Smart Money conviction in FMAO. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
7Q ▲
Buyers last Q
58%

Smart Money Signals — FMAO

Based on 89 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added FMAO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
89 hedge funds hold FMAO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

45 buying33 selling
Last quarter: 45 funds bought or added vs 33 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 11 → 10 → 18 → 11. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

53% of holders stayed for 2+ years

53% conviction (2yr+) 26% medium 21% new
47 out of 89 hedge funds have held FMAO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +304% but shares only +20% — price-driven

Value
+303%
Shares
+20%
Last quarter: the total dollar value of institutional holdings rose +304%, but actual share count only changed +20%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

9 → 11 → 10 → 18 → 11 new funds/Q
New funds entering each quarter: 11 → 10 → 18 → 11. A growing number of institutions are discovering FMAO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 58% of holders stayed 2+ years

58% veterans 15% 1-2yr 27% new
Of 89 current holders: 52 (58%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
24 of 89 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: FMAO

How many hedge funds hold FMAO — quarterly history vs. share price
Quarterly hedge fund ownership of FMAO vs. share price

Market Analysis: FMAO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FMAO

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 0 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: FMAO
2026 Q1 Stats Unlock in 20 days 89 + Investors

Track Smart Money conviction in FMAO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 89 87 2.3%
13F Shares 5M 4M 20.24%
Total Value $383M $95M 303.68%
New Positions 11 18 -7
Increased Positions 34 29 +5
Closed Positions 8 9 -1
Reduced Positions 26 19 +7
Total Calls 0 0 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMAO

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Enterprise Value/EBITDA --
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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

89 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FMAO. Verified SEC 13F-HR filings.

Top 23 institutional holders of FMAO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Goelzer Investment Management, Inc. 0.41% 328,604 $8.4M
2 HICKS CAPITAL MANAGEMENT LLC 0.37% 14,513 $373K
3 Revisor Wealth Management LLC 0.08% 11,607 $298K
4 Hendershot Investments Inc. 0.03% 30 $248K
5 ABNER HERRMAN & BROCK LLC 0.03% 8,869
6 TRUST CO OF TOLEDO NA /OH/ 0.01% 3,640 $93K
7 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% 34,233 $879K
8 GAMMA Investing LLC 0.00% 1,842 $47K
9 CoreCap Advisors, LLC 0.00% 2,244 $58K
10 Versant Capital Management, Inc 0.00% 472 $12K
11 Farther Finance Advisors, LLC 0.00% 3,329 $86K
12 Janney Montgomery Scott LLC 0.00% 12,200
13 Police & Firemen's Retirement System of New Jersey 0.00% 3,164 $81K
14 Sterling Capital Management LLC 0.00% 421 $11K
15 Nuveen, LLC 0.00% 28,135 $722K
16 HSBC HOLDINGS PLC 0.00% 10,582 $271K
17 Capital Advisors, Ltd. LLC 0.00% 33
18 State of Alaska, Department of Revenue 0.00% 423
19 SBI Securities Co., Ltd. 0.00% 78 $2K
20 NISA INVESTMENT ADVISORS, LLC 0.00% 280 $7K
21 True Wealth Design, LLC 0.00% 2
22 Root Financial Partners, LLC 0.00% 8
23 IFP Advisors, Inc 0.00% 15
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — FARMERS & MERCHANTS BANCORP (FMAO)

What does the Smart Money Trend signal show for FMAO?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added FMAO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FMAO?

Slight buying edge — 58% buying: Last quarter: 45 funds bought or added vs 33 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FMAO holders?

Smaller funds dominant — 12% AUM from top-100: 24 of 89 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FMAO?

53% of holders stayed for 2+ years: 47 out of 89 hedge funds have held FMAO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.