FARMERS & MERCHANTS TRUST Co OF LONG BEACH
Long book
$425.7M
Q1 2026
Positions
187
Top-10 weight
45%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsFARMERS & MERCHANTS TRUST Co OF LONG BEACH is a diversified fundamental manager, running a $425.7M US long book across 187 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: FARMERS & MERCHANTS BANK/CA, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
+7.1%
Q3 2024
+0.9%
Q4 2024
-0.7%
Q1 2025
+5.6%
Q2 2025
+9.4%
Q3 2025
+3.2%
Q4 2025
-2.5%
Q1 2026
+10.6%
Sector allocation
Technology 30%
Other 17%
Financials 16%
Consumer discretionary 10%
Industrials 6%
Energy 5%
Utilities 5%
Healthcare 4%
Long book by quarter
What does FARMERS & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FMBL FARMERS & MERCHANTS BANK/CA | — | 5.8K | $48.1M | 11.3% | -0.2% |
| AAPL APPLE INC | Technology | 115.0K | $29.2M | 6.9% | -0.7% |
| MSFT MICROSOFT CORP | Technology | 57.8K | $21.4M | 5.0% | -3.9% |
| GOOGL ALPHABET INC-CL A | Technology | 58.7K | $16.9M | 4.0% | 0.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 31.9K | $15.3M | 3.6% | +1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 62.9K | $13.1M | 3.1% | +2.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 13.0K | $13.0M | 3.0% | -0.6% |
| JPM JPMORGAN CHASE & CO | Financials | 41.1K | $12.1M | 2.8% | +2.4% |
| NVDA NVIDIA CORP | Technology | 54.1K | $9.4M | 2.2% | +5.6% |
| QUCT QUEEN CITY INVESTMENTS INC | — | 4.3K | $8.9M | 2.1% | 0.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 12 | $8.6M | 2.0% | Held |
| XOM EXXON MOBIL CORP | Energy | 43.4K | $7.4M | 1.7% | +3.9% |
| V VISA INC-CLASS A SHARES | Services media | 22.2K | $6.7M | 1.6% | +2.1% |
| GS GOLDMAN SACHS GROUP INC | Financials | 7.7K | $6.5M | 1.5% | -1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 26.2K | $6.4M | 1.5% | -0.3% |
| CVX CHEVRON CORP | Energy | 29.9K | $6.2M | 1.5% | +1.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 25.5K | $5.8M | 1.4% | +0.8% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 13.1K | $5.7M | 1.3% | +0.2% |
| WMT WALMART INC | Consumer discretionary | 44.3K | $5.5M | 1.3% | +2.4% |
| ORCL ORACLE CORP | Technology | 33.5K | $4.9M | 1.2% | -23.1% |
| AVGO BROADCOM INC | Technology | 14.7K | $4.5M | 1.1% | -0.9% |
| BA BOEING CO/THE | Industrials | 21.8K | $4.3M | 1.0% | -1.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 16.0K | $4.3M | 1.0% | +0.5% |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 31.6K | $4.3M | 1.0% | +0.5% |
| AXP AMERICAN EXPRESS CO | Financials | 13.8K | $4.2M | 1.0% | -14.1% |
| MPC MARATHON PETROLEUM CORP | Energy | 14.3K | $3.5M | 0.8% | -2.5% |
| GOOG ALPHABET INC-CL C | Technology | 12.0K | $3.5M | 0.8% | +2.3% |
| DHR DANAHER CORP | Technology | 17.3K | $3.3M | 0.8% | +0.8% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 26.9K | $3.2M | 0.8% | +2.7% |
| NOC NORTHROP GRUMMAN CORP | Technology | 4.1K | $2.8M | 0.7% | +0.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 11.2K | $2.6M | 0.6% | +1.9% |
| LLY ELI LILLY & CO | Healthcare | 2.8K | $2.6M | 0.6% | -2.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 17.3K | $2.5M | 0.6% | -0.8% |
| CW CURTISS-WRIGHT CORP | Industrials | 3.7K | $2.5M | 0.6% | Held |
| MA MASTERCARD INC - A | Services media | 4.7K | $2.3M | 0.6% | +4.5% |
| WM WASTE MANAGEMENT INC | Utilities | 9.8K | $2.3M | 0.5% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 3.8K | $2.2M | 0.5% | +5.2% |
| RSG REPUBLIC SERVICES INC | Utilities | 9.9K | $2.2M | 0.5% | Held |
| AMGN AMGEN INC | Healthcare | 5.2K | $1.8M | 0.4% | -0.4% |
| HD HOME DEPOT INC | Consumer discretionary | 5.3K | $1.8M | 0.4% | +5.0% |
| ATI ATI INC | Industrials | 11.8K | $1.7M | 0.4% | Held |
| CEG CONSTELLATION ENERGY | Utilities | 6.0K | $1.7M | 0.4% | +2.2% |
| RTX RTX CORP | Industrials | 8.6K | $1.7M | 0.4% | +0.3% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 28.1K | $1.6M | 0.4% | -2.6% |
| VST VISTRA CORP | Utilities | 10.7K | $1.6M | 0.4% | +1.8% |
| MMM 3M CO | Healthcare | 10.6K | $1.5M | 0.4% | -11.3% |
| ABBV ABBVIE INC | Healthcare | 7.1K | $1.5M | 0.4% | +0.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.4K | $1.5M | 0.3% | -0.5% |
| WFC WELLS FARGO & CO | Financials | 18.4K | $1.5M | 0.3% | +6.4% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 2.4K | $1.4M | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 302 | $425.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 306 | $437.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 326 | $473.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 348 | $471.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 311 | $395.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 313 | $402.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 312 | $407.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 302 | $385.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 300 | $404.9M | canonical | SEC ↗ |
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