Finward Bancorp
Long book
$125.1M
Q1 2026
Positions
104
Top-10 weight
43%
concentration
Last quarter
+13.1%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsFinward Bancorp is a wealth-management firm allocating client money, running a $125.1M US long book across 104 positions.
The portfolio is moderately concentrated (top 10 ≈ 43% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FLEXSHARES CREDIT-SCORED US, VANGUARD S&P 500 ETF, SS SPDR BB CONV SEC ETF, MICROSOFT CORP, VANGUARD GROWTH ETF.
Over the last 6 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 3 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-2.6%
Q1 2025
+9.6%
Q2 2025
+8.8%
Q3 2025
+1.4%
Q4 2025
-2.6%
Q1 2026
+13.1%
Sector allocation
Technology 28%
Financials 17%
Healthcare 12%
Utilities 12%
Consumer discretionary 8%
Consumer staples 5%
Energy 4%
Materials 3%
Long book by quarter
What does Finward Bancorp own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 16.9K | $6.3M | 5.0% | +0.1% |
| FNWD FINWARD BANCORP | Financials | 131.6K | $4.8M | 3.8% | -3.5% |
| AAPL APPLE INC | Technology | 17.9K | $4.6M | 3.6% | -1.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.6K | $2.6M | 2.1% | -0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 6.6K | $1.9M | 1.6% | -0.2% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 11.4K | $1.5M | 1.2% | Held |
| ABBV ABBVIE INC | Healthcare | 6.4K | $1.4M | 1.1% | -1.8% |
| NI NISOURCE INC | Utilities | 28.2K | $1.3M | 1.1% | -0.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.0K | $1.2M | 1.0% | -4.4% |
| KO COCA-COLA CO/THE | Consumer staples | 14.8K | $1.1M | 0.9% | -0.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 5.2K | $1.1M | 0.9% | -2.0% |
| XOM EXXON MOBIL CORP | Energy | 6.4K | $1.1M | 0.9% | -1.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 7.5K | $1.1M | 0.9% | Held |
| ETR ENTERGY CORP | Utilities | 8.5K | $951K | 0.8% | Held |
| DTE DTE ENERGY COMPANY | Utilities | 6.0K | $877K | 0.7% | Held |
| DUK DUKE ENERGY CORP | Utilities | 5.9K | $778K | 0.6% | Held |
| V VISA INC-CLASS A SHARES | Services media | 2.5K | $771K | 0.6% | -2.5% |
| NVDA NVIDIA CORP | Technology | 4.3K | $751K | 0.6% | -34.3% |
| GOOGL ALPHABET INC-CL A | Technology | 2.3K | $675K | 0.5% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 12.8K | $644K | 0.5% | -0.8% |
| SO SOUTHERN CO/THE | Utilities | 6.6K | $636K | 0.5% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 1.0K | $584K | 0.5% | Held |
| TRV TRAVELERS COS INC/THE | Financials | 2.0K | $583K | 0.5% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.8K | $577K | 0.5% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 4.4K | $573K | 0.5% | -0.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.2K | $569K | 0.5% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 5.5K | $560K | 0.4% | -0.9% |
| T AT&T INC | Communications | 18.8K | $546K | 0.4% | -0.7% |
| ENB ENBRIDGE INC | Energy | 9.9K | $534K | 0.4% | Held |
| PEP PEPSICO INC | Consumer staples | 3.3K | $517K | 0.4% | -3.0% |
| WMT WALMART INC | Consumer discretionary | 4.1K | $504K | 0.4% | Held |
| MDT MEDTRONIC PLC | Healthcare | 5.6K | $485K | 0.4% | Held |
| EXC EXELON CORP | Utilities | 9.6K | $469K | 0.4% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 2.4K | $404K | 0.3% | -3.0% |
| NOC NORTHROP GRUMMAN CORP | Technology | 570 | $389K | 0.3% | Held |
| ELV ELEVANCE HEALTH INC | Financials | 1.3K | $381K | 0.3% | Held |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 1.1K | $370K | 0.3% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 3.6K | $351K | 0.3% | Held |
| INTC INTEL CORP | Technology | 7.9K | $347K | 0.3% | Held |
| CVX CHEVRON CORP | Energy | 1.6K | $333K | 0.3% | Held |
| LLY ELI LILLY & CO | Healthcare | 355 | $327K | 0.3% | Held |
| PFE PFIZER INC | Healthcare | 11.4K | $320K | 0.3% | Held |
| PAYX PAYCHEX INC | Services media | 3.3K | $308K | 0.2% | Held |
| AZN ASTRAZENECA PLC | Healthcare | 1.5K | $305K | 0.2% | New |
| MO ALTRIA GROUP INC | Consumer staples | 4.6K | $304K | 0.2% | Held |
| DTM DT MIDSTREAM INC | Utilities | 2.2K | $294K | 0.2% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 290 | $289K | 0.2% | -67.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 456 | $276K | 0.2% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 2.1K | $270K | 0.2% | Held |
| KWR QUAKER CHEMICAL CORPORATION | Energy | 2.1K | $257K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 182 | $125.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 179 | $128.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 184 | $131.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 18, 2025 | 173 | $126.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 179 | $115.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 177 | $115.3M | canonical | SEC ↗ |