CIK: 0000919864
Total reported value
$125.1M
Reporting period: 2026-03-31 · Number of holdings: 182
Finward Bancorp disclosed 182 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $125.1M and a quarterly turnover rate of 12.1%.
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Finward Bancorp's disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 39 equally-sized positions, well below its 182 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.30), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 37% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim MSFT
+0.1% -$1.9M
Add SKOR
+13.7% $897.9K
Trim TQQQ
0.0% -$792.1K
Trim VUG
-3.5% -$806.7K
Trim SPXL
0.0% -$628.7K
Trim COST
-67.4% -$478.5K
Showing top 104 holdings (of 182 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SKOR | Flexshares Credit-scored US | ETF-Other | 6.43% | +0.88% | +13.73% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 6.07% | — | +4.43% | |
| 3 | CWB | Ss Spdr Bb Conv Sec ETF | ETF-Other | 5.13% | +0.34% | +1.40% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 5.01% | -1.34% | +0.12% | |
| 5 | VUG | Vanguard Growth ETF | ETF-Other | 4.08% | -0.51% | -3.55% | |
| 6 | FNWD | Finward Bancorp | Stock-Other | 3.82% | — | -3.47% | |
| 7 | AAPL | Apple INC | Stock-Tech | 3.64% | -0.21% | -1.71% | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.48% | +0.01% | +3.64% | |
| 9 | SPXL | Direxion Daily S&p 500 Bull | ETF-Large Cap & Growth | 2.60% | -0.41% | — | |
| 10 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 2.43% | +0.20% | +8.18% | |
| 11 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 2.41% | -0.12% | -2.00% | |
| 12 | TQQQ | Proshares Ultrapro Qqq | ETF-Other | 2.39% | -0.55% | — | |
| 13 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.06% | +0.36% | -0.08% | |
| 14 | MGK | Vanguard Mega Cap Growth ETF | ETF-Other | 1.88% | -0.15% | +0.74% | |
| 15 | FVD | First Trust Value Line Dvd | ETF-Other | 1.68% | — | -2.79% | |
| 16 | VGT | Vanguard Info Tech ETF | ETF-Tech | 1.60% | -0.04% | +1.85% | |
| 17 | MGV | Vanguard Mega Cap Value ETF | ETF-Other | 1.55% | — | -0.65% | |
| 18 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.55% | -0.10% | -0.24% | |
| 19 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.54% | — | +0.19% | |
| 20 | NOBL | Proshares S&p 500 Dividend A | ETF-Large Cap & Growth | 1.35% | — | -5.56% | |
| 21 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 1.28% | +0.17% | +15.97% | |
| 22 | XLK | Ss Technology Select Sector | ETF-Tech | 1.25% | -0.13% | -4.51% | |
| 23 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 1.19% | +0.15% | — | |
| 24 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 1.14% | +0.10% | +2.78% | |
| 25 | ABBV | Abbvie INC | Stock-Healthcare | 1.12% | -0.04% | -1.83% | |
| 26 | NI | Nisource INC | Stock-Utilities | 1.05% | +0.13% | -0.35% | |
| 27 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.02% | +0.12% | +7.35% | |
| 28 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.99% | — | -4.44% | |
| 29 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.90% | +0.09% | -0.44% | |
| 30 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.87% | -0.08% | -1.97% | |
| 31 | XOM | Exxon Mobil CORP | Stock-Energy | 0.87% | +0.26% | -1.92% | |
| 32 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.86% | — | — | |
| 33 | WELL | Welltower INC | Stock-Real Estate | 0.79% | — | -2.45% | |
| 34 | VTV | Vanguard Value ETF | ETF-Other | 0.77% | +0.21% | +29.68% | |
| 35 | GLD | Spdr Gold Shares | ETF-Commodities | 0.76% | — | -7.11% | |
| 36 | ETR | Entergy CORP | Stock-Utilities | 0.76% | +0.15% | — | |
| 37 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 0.71% | -0.06% | -2.55% | |
| 38 | DTE | Dte Energy Company | Stock-Utilities | 0.70% | +0.10% | — | |
| 39 | FDL | First Trust Morn Dvd Lead In | ETF-Other | 0.64% | +0.10% | — | |
| 40 | XLI | Ss Industrial Select Sector | ETF-Other | 0.63% | — | -0.20% | |
| 41 | DUK | Duke Energy CORP | Stock-Utilities | 0.62% | +0.08% | — | |
| 42 | V | Visa Inc-class A Shares | Stock-Financials | 0.62% | -0.09% | -2.49% | |
| 43 | NVDA | Nvidia CORP | Stock-Tech | 0.60% | -0.35% | -34.32% | |
| 44 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 0.56% | — | -0.77% | |
| 45 | BP | Bp Plc-spons Adr | Stock-Energy | 0.54% | +0.15% | — | |
| 46 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.54% | — | — | |
| 47 | VZ | Verizon Communications INC | Stock-Comm Services | 0.51% | +0.10% | -0.77% | |
| 48 | SO | Southern Co/the | Stock-Utilities | 0.51% | — | — | |
| 49 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.47% | — | -0.41% | |
| 50 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.47% | -0.05% | — |
Performance for Q3 2026
+4.1%
Performance Last 4 Quarters
+21.4%
Based on 77% of reported portfolio value with available pricing
Finward Bancorp's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Danaher CORP (DHR); New buy: Bristol-myers Squibb Co (BMY); Sold out: Ishares Russell 1000 Growth (IWF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SKOR | Flexshares Credit-scored US | +0.9% | +13.73% | Add |
| 2 | JNJ | Johnson & Johnson | +0.4% | -0.08% | Trim |
| 3 | CWB | Ss Spdr Bb Conv Sec ETF | +0.3% | +1.40% | Add |
| 4 | XOM | Exxon Mobil CORP | +0.3% | -1.92% | Trim |
| 5 | VTV | Vanguard Value ETF | +0.2% | +29.68% | Add |
| 6 | VIG | Vanguard Dividend Apprec ETF | +0.2% | +8.18% | Add |
| 7 | VIGI | Vanguard Int Div App Indx Fd | +0.2% | +15.97% | Add |
| 8 | BP | Bp Plc-spons Adr | +0.2% | — | Unchanged |
| 9 | ETR | Entergy CORP | +0.2% | — | Unchanged |
| 10 | WPM | Wheaton Precious Metals CORP | +0.2% | — | Unchanged |
| 11 | NI | Nisource INC | +0.1% | -0.35% | Trim |
| 12 | IJR | Ishares Core S&p Small-cap E | +0.1% | +7.35% | Add |
| 13 | VZ | Verizon Communications INC | +0.1% | -0.77% | Trim |
| 14 | DTE | Dte Energy Company | +0.1% | — | Unchanged |
| 15 | FDL | First Trust Morn Dvd Lead In | +0.1% | — | Unchanged |
| 16 | VYM | Vanguard High Dvd Yield ETF | +0.1% | +2.78% | Add |
| 17 | KO | Coca-cola Co/the | +0.1% | -0.44% | Trim |
| 18 | CVX | Chevron CORP | +0.1% | — | Unchanged |
| 19 | DUK | Duke Energy CORP | +0.1% | — | Unchanged |
| 20 | VB | Vanguard Small-cap ETF | +0.1% | +16.31% | Add |
| 21 | QQQ | Invesco Qqq Trust Series 1 | 0% | +3.64% | Add |
| 22 | VGT | Vanguard Info Tech ETF | 0% | +1.85% | Add |
| 23 | ABBV | Abbvie INC | 0% | -1.83% | Trim |
| 24 | META | Meta Platforms Inc-class A | -0.1% | — | Unchanged |
| 25 | ELV | Elevance Health INC | -0.1% | — | Unchanged |
| 26 | VOT | Vanguard Mid-cap Growth ETF | -0.1% | -2.55% | Trim |
| 27 | QCOM | Qualcomm INC | -0.1% | — | Unchanged |
| 28 | CMG | Chipotle Mexican Grill INC | -0.1% | -16.67% | Trim |
| 29 | AMZN | Amazon.com INC | -0.1% | -1.97% | Trim |
| 30 | V | Visa Inc-class A Shares | -0.1% | -2.49% | Trim |
| 31 | ABT | Abbott Laboratories | -0.1% | -0.91% | Trim |
| 32 | JPM | Jpmorgan Chase & Co | -0.1% | -0.24% | Trim |
| 33 | SPGP | Invesco S&p 500 Garp ETF | -0.1% | -2.00% | Trim |
| 34 | XLK | Ss Technology Select Sector | -0.1% | -4.51% | Trim |
| 35 | MGK | Vanguard Mega Cap Growth ETF | -0.2% | +0.74% | Add |
| 36 | AAPL | Apple INC | -0.2% | -1.71% | Trim |
| 37 | NVDA | Nvidia CORP | -0.4% | -34.32% | Trim |
| 38 | COST | Costco Wholesale CORP | -0.4% | -67.42% | Trim |
| 39 | SPXL | Direxion Daily S&p 500 Bull | -0.4% | — | Unchanged |
| 40 | VUG | Vanguard Growth ETF | -0.5% | -3.55% | Trim |
| 41 | TQQQ | Proshares Ultrapro Qqq | -0.6% | — | Unchanged |
| 42 | MSFT | Microsoft CORP | -1.3% | +0.12% | Add |
| 43 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 44 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 45 | DHR | Danaher CORP | — | EXIT | Sold out |
| 46 | BMY | Bristol-myers Squibb Co | — | NEW | New buy |
| 47 | IWF | Ishares Russell 1000 Growth | — | EXIT | Sold out |
| 48 | WEC | Wec Energy Group INC | — | NEW | New buy |
| 49 | DLTR | Dollar Tree INC | — | EXIT | Sold out |
| 50 | DE | Deere & Co | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-10 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-21 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-18 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-13 | 13F-HR | View on EDGAR |
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