Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FARMERS & MERCHANTS BANCORP (FMAO)

99 + 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
↑ +10
Streak
8Q ▲
Buyers last Q
64%

Smart Money Signals — FMAO

Based on 100 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 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
100 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 — +37% more funds vs a year ago

fund count last 6Q
+27 new funds entered over the past year (+37% 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.
🟢

More buyers than sellers — 64% buying

54 buying31 selling
Last quarter: 54 funds were net buyers (15 opened a brand new position + 39 added to an existing one). Only 31 were sellers (26 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~15 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 18 → 12 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

46% of holders stayed for 2+ years

46% conviction (2yr+) 27% medium 27% new
46 out of 100 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.
💎

Buying through price weakness — shares -2%, value -70%

Value
-70%
Shares
-1%
Last quarter: funds added -2% more shares while total portfolio value only changed -70%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~15 new funds/quarter

11 → 10 → 18 → 12 → 15 new funds/Q
New funds entering each quarter: 10 → 18 → 12 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 53% of holders stayed 2+ years

53% veterans 14% 1-2yr 33% new
Of 101 current holders: 54 (53%) 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.

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
29 of 100 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Institutional Sentiment Summary — FMAO

In 2026 Q1, 54 hedge funds were net buyers of FMAO (15 opened a new position, 39 added to an existing one), while 31 reduced or exited (26 trimmed, 5 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 35% of total institutional value in FMAO is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 100.

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

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy FARMERS & MERCHANTS BANCORP (FMAO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FMAO has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 56d ago
FMAO
+8.1%
XLF
+5.2%

FMAO outperformed XLF by +2.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 11d ago
FMAO
+4.2%
XLF
+1.6%

Since the filing became public, FMAO outperformed XLF by +2.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 0 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: FMAO
99 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 99 90 10.0%
13F Shares 4M 5M -1.76%
Total Value $114M $383M -70.26%
New Positions 14 12 +2
Increased Positions 40 34 +6
Closed Positions 5 8 -3
Reduced Positions 25 25 -
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMAO

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Institutional Holders (2026 Q1)

99 + investors

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

QUARTER:
Top 25 institutional holders of FMAO — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Mendel Money Management 1.32% 123,078 $3.2M
2 Rhino Investment Partners, Inc 0.49% 68,746 $1.8M
3 Goelzer Investment Management, Inc. 0.41% 328,604 $8.4M
4 HICKS CAPITAL MANAGEMENT LLC 0.37% 14,513 $373K
5 Gryphon Financial Partners LLC 0.26% 100,185 $2.6M
6 Align Financial, LLC 0.16% 11,200 $288K
7 Revisor Wealth Management LLC 0.08% 11,607 $298K
8 Integrated Quantitative Investments LLC 0.07% 15,615 $401K
9 Legato Capital Management LLC 0.04% 15,615 $401K
10 Tufton Capital Management 0.04% 7,800 $200K
11 Hendershot Investments Inc. 0.03% 30 $248K
12 Venture Visionary Partners LLC 0.03% 30,970 $795K
13 ABNER HERRMAN & BROCK LLC 0.03% 8,869
14 GLOBEFLEX CAPITAL L P 0.02% 5,931 $152K
15 TRUST CO OF TOLEDO NA /OH/ 0.01% 3,640 $93K
16 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% 14,563 $374K
17 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% 290,620 $7.5M
18 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% 34,233 $879K
19 EverSource Wealth Advisors, LLC 0.00% 4,307 $125K
20 Trexquant Investment LP 0.00% 20,351 $522K
21 Tower Research Capital LLC (TRC) 0.00% 3,599 $92K
22 Waverly Advisors, LLC 0.00% 11,932 $306K
23 GAMMA Investing LLC 0.00% 1,842 $47K
24 MARSHALL WACE, LLP 0.00% 78,779 $2.0M
25 CoreCap Advisors, LLC 0.00% 2,244 $58K
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 — 8 quarters in a row: For 8 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?

More buyers than sellers — 64% buying: Last quarter: 54 funds were net buyers (15 opened a brand new position + 39 added to an existing one). Only 31 were sellers (26 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FMAO holders?

Strong quality — 35% AUM from major funds: 29 of 100 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FMAO?

46% of holders stayed for 2+ years: 46 out of 100 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.

Is it too late to buy FARMERS & MERCHANTS BANCORP (FMAO) following the 2026 Q1 hedge fund 13F filings?

As of today, FMAO has moved +4.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.6% for the XLF sector ETF — an outperformance of +2.6%. Since the quarter end (March 31, 2026), FMAO has gained +8.1% vs +5.2% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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