SM
Southern Michigan Bank & Trust 13F Holdings & Recent Stock Buys (Q2 2026)
Southern Michigan Bank & TrustCIK: 0001173227
Diversified strategyMomentum followerLong-term holder
Total reported value
$281.3M
Reporting period: 2026-06-30 · Number of holdings: 422
SOUTHERN MICHIGAN BANK & TRUST disclosed 422 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $281.3M and a quarterly turnover rate of 14.8%.
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Personality snowflake
- Concentration
- 34.3
- Portfolio Stability
- 14.79
- Momentum
- 100
- Sector conviction
- 49.08
- Diversification
- 100
- Sizing Uniformity
- 40.61
Southern Michigan Bank & Trust's disclosed holdings carry a Herfindahl concentration index of 0.086 — mathematically equivalent to about 12 equally-sized positions, well below its 422 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 5.94), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 28% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim IVV
-96.2% -$3.9M
Add SCHG
+0.7% $7.6M
Trim BIV
+0.0% -$202.9K
Add SCHV
+1.8% $4.9M
Trim GVI
+0.2% -$114.3K
Add CAT
+42.3% $1.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 422 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHG | Schwab US Large-cap Growth | ETF-Other | 18.69% | +1.45% | +0.69% | |
| 2 | SCHV | Schwab US Large-cap Value | ETF-Other | 12.62% | +0.90% | +1.81% | |
| 3 | BIV | Vanguard Intermediate-term B | ETF-Other | 11.83% | -1.02% | +0.02% | |
| 4 | GVI | Ishares Intermediate Governm | ETF-Other | 10.63% | -0.89% | +0.17% | |
| 5 | VO | Vanguard Mid-cap ETF | ETF-Other | 7.39% | +0.32% | +302.31% | |
| 6 | SPSB | Ss Spdr P St C CORP ETF | ETF-Other | 3.61% | -0.28% | +0.35% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 2.51% | +0.23% | +3.36% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 2.42% | +0.13% | -0.29% | |
| 9 | ✓ | Armstrong Global Holding Inc. Series A | Stock-Other | 1.70% | -0.14% | — | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.63% | +0.15% | -4.44% | |
| 11 | CAT | Caterpillar Inc | Stock-Industrials | 1.25% | +0.62% | +42.33% | |
| 12 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.09% | +0.05% | -0.96% | |
| 13 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 0.92% | -0.05% | -2.09% | |
| 14 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.88% | +0.11% | +323.21% | |
| 15 | ABBV | Abbvie Inc | Stock-Healthcare | 0.84% | +0.04% | -0.96% | |
| 16 | MSFT | Microsoft CORP | Stock-Tech | 0.71% | -0.03% | +1.87% | |
| 17 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.69% | +0.08% | -0.36% | |
| 18 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.59% | +0.08% | +10.82% | |
| 19 | V | Visa Inc-class A Shares | Stock-Financials | 0.55% | +0.02% | -1.21% | |
| 20 | AVGO | Broadcom Inc | Stock-Tech | 0.54% | +0.08% | +4.48% | |
| 21 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.52% | -0.03% | -0.46% | |
| 22 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.51% | -0.10% | -4.88% | |
| 23 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.45% | -0.01% | +6.72% | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 0.40% | +0.11% | -0.80% | |
| 25 | SYK | Stryker CORP | Stock-Healthcare | 0.37% | -0.05% | -0.21% | |
| 26 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.37% | -0.03% | -1.60% | |
| 27 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.36% | — | -0.15% | |
| 28 | MU | Micron Technology Inc | Stock-Tech | 0.36% | +0.25% | +7.28% | |
| 29 | DE | Deere & Co | Stock-Industrials | 0.36% | +0.23% | +166.11% | |
| 30 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.34% | -0.10% | -3.66% | |
| 31 | MA | Mastercard Inc - A | Stock-Financials | 0.33% | -0.03% | -2.20% | |
| 32 | HD | Home Depot Inc | Stock-Consumer Disc | 0.33% | -0.01% | -2.80% | |
| 33 | SO | Southern Co/the | Stock-Utilities | 0.33% | -0.03% | -0.47% | |
| 34 | UNP | Union Pacific CORP | Stock-Industrials | 0.31% | +0.01% | — | |
| 35 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.31% | +0.02% | — | |
| 36 | GD | General Dynamics CORP | Stock-Industrials | 0.30% | -0.02% | -0.42% | |
| 37 | AMAT | Applied Materials Inc | Stock-Tech | 0.29% | +0.15% | +7.10% | |
| 38 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.29% | +0.05% | +18.96% | |
| 39 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.27% | -0.06% | -31.33% | |
| 40 | LRCX | Lam Research CORP | Stock-Tech | 0.27% | +0.14% | +6.90% | |
| 41 | CIEN | Ciena CORP | Stock-Tech | 0.26% | +0.04% | — | |
| 42 | ABT | Abbott Laboratories | Stock-Healthcare | 0.26% | -0.07% | -4.05% | |
| 43 | MO | Altria Group Inc | Stock-Consumer Staples | 0.24% | +0.05% | +25.18% | |
| 44 | WMT | Walmart Inc | Stock-Consumer Staples | 0.21% | -0.04% | — | |
| 45 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.21% | +0.09% | +81.05% | |
| 46 | ETN | Eaton Corporation plc | Stock-Industrials | 0.20% | -0.05% | -28.42% | |
| 47 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.19% | -0.21% | -52.17% | |
| 48 | PM | Philip Morris International | Stock-Consumer Staples | 0.19% | — | -2.93% | |
| 49 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.18% | -0.14% | -38.96% | |
| 50 | XOM | Exxon Mobil CORP | Stock-Energy | 0.18% | -0.07% | -3.92% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+1.8%
Based on 3 months of available history
- Stdev
- +4.1%
- Beta
- +0.65
- Alpha
- +3.4%
- Max Drawdown
- 0%
- Annualized Perf
- +7.6%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +16.3
- Stutzer
- —
- Treynor
- +0.11
- Sterling
- —
- Calmar
- —
- Information Ratio
- +0.51
- Tracking Error
- +2.3%
- Stdev Down
- +0.5%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.8
- Sharpe
- +1.79
- Stdev Sectors
- +8.1%
- Skewness
- +0.65
- Kurtosis
- -1.5
- Upside Potential
- +18.3
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Southern Michigan Bank & Trust's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: British American Tob-sp Adr (BTI); Sold out: Marathon Petroleum CORP (MPC); New buy: ; New buy: .
Showing top 200 changes by size (of 446 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SCHG | Schwab US Large-cap Growth | +1.5% | +0.69% | Add |
| 2 | SCHV | Schwab US Large-cap Value | +0.9% | +1.81% | Add |
| 3 | CAT | Caterpillar Inc | +0.6% | +42.33% | Add |
| 4 | VO | Vanguard Mid-cap ETF | +0.3% | +302.31% | Add |
| 5 | MU | Micron Technology Inc | +0.3% | +7.28% | Add |
| 6 | NVDA | Nvidia CORP | +0.2% | +3.36% | Add |
| 7 | DE | Deere & Co | +0.2% | +166.11% | Add |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | -4.44% | Trim |
| 9 | AMAT | Applied Materials Inc | +0.2% | +7.10% | Add |
| 10 | LRCX | Lam Research CORP | +0.1% | +6.90% | Add |
| 11 | AAPL | Apple Inc | +0.1% | -0.29% | Trim |
| 12 | ADM | Archer-daniels-midland Co | +0.1% | +1200.00% | Add |
| 13 | RIO | Rio Tinto Plc-spon Adr | +0.1% | +50000.00% | Add |
| 14 | IWF | Ishares Russell 1000 Growth | +0.1% | +323.21% | Add |
| 15 | CSCO | Cisco Systems Inc | +0.1% | -0.80% | Trim |
| 16 | BTI | British American Tob-sp Adr | +0.1% | NEW | New buy |
| 17 | MRK | Merck & Co. Inc. | +0.1% | +81.05% | Add |
| 18 | GOOG | Alphabet Inc-cl C | +0.1% | -0.36% | Trim |
| 19 | IWD | Ishares Russell 1000 Value E | +0.1% | +10.82% | Add |
| 20 | AVGO | Broadcom Inc | +0.1% | +4.48% | Add |
| 21 | ✓ | +0.1% | NEW | New buy | |
| 22 | INTC | Intel CORP | +0.1% | +21.52% | Add |
| 23 | ✓ | +0.1% | NEW | New buy | |
| 24 | AMZN | Amazon.com Inc | +0.1% | -0.96% | Trim |
| 25 | JPM | Jpmorgan Chase & Co | +0.1% | +18.96% | Add |
| 26 | MO | Altria Group Inc | +0.1% | +25.18% | Add |
| 27 | GLW | Corning Inc | +0.1% | -2.25% | Trim |
| 28 | ABBV | Abbvie Inc | 0% | -0.96% | Trim |
| 29 | CIEN | Ciena CORP | 0% | — | Unchanged |
| 30 | QCOM | Qualcomm Inc | 0% | -0.38% | Trim |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +47.38% | Add |
| 32 | KLAC | Kla CORP | 0% | +900.00% | Add |
| 33 | BHP | Bhp Group Ltd-spon Adr | 0% | +540.54% | Add |
| 34 | CRWV | Coreweave Inc-cl A | 0% | +354.95% | Add |
| 35 | ✓ | 0% | NEW | New buy | |
| 36 | V | Visa Inc-class A Shares | 0% | -1.21% | Trim |
| 37 | IJH | Ishares Core S&p Midcap ETF | 0% | — | Unchanged |
| 38 | IWM | Ishares Russell 2000 ETF | 0% | — | Unchanged |
| 39 | CVS | Cvs Health CORP | 0% | -3.50% | Trim |
| 40 | DFAX | Dimensional World Ex US Core | 0% | NEW | New buy |
| 41 | FTNT | Fortinet Inc | 0% | — | Unchanged |
| 42 | HUM | Humana Inc | 0% | — | Unchanged |
| 43 | UNP | Union Pacific CORP | 0% | — | Unchanged |
| 44 | WSM | Williams-sonoma Inc | 0% | — | Unchanged |
| 45 | TSLA | Tesla Inc | 0% | +16.28% | Add |
| 46 | CNI | Canadian Natl Railway Co | 0% | -2.81% | Trim |
| 47 | CPRX | Catalyst Pharmaceuticals Inc | 0% | — | Unchanged |
| 48 | GE | General Electric | 0% | +1.52% | Add |
| 49 | QQQ | Invesco Qqq Trust Series 1 | 0% | — | Unchanged |
| 50 | IBM | Intl Business Machines CORP | 0% | +6.85% | Add |
1–50 of 200
Filing History
FAQ
What is Southern Michigan Bank & Trust and what type of investor is it?
Southern Michigan Bank & Trust is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $281.3M, spread across 422 disclosed positions.
What are Southern Michigan Bank & Trust's largest equity positions?
Based on the latest 13F filing, Southern Michigan Bank & Trust's top holdings by market value are:
1. Schwab US Large-cap Growth (SCHG) — $52.6M (18.7%)
2. Schwab US Large-cap Value (SCHV) — $35.5M (12.6%)
3. Vanguard Intermediate-term B (BIV) — $33.3M (11.8%)
4. Ishares Intermediate Governm (GVI) — $29.9M (10.6%)
5. Vanguard Mid-cap ETF (VO) — $20.8M (7.4%)
What changes did Southern Michigan Bank & Trust make in its most recent portfolio filing?
In the latest reported quarter, Southern Michigan Bank & Trust made 132 notable position adjustments: 16 new positions were initiated, 46 existing holdings were added to, 55 positions were partially reduced, and 15 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: British American Tob-sp Adr (BTI); Sold out: Marathon Petroleum CORP (MPC); New buy: ; New buy:
What sectors does Southern Michigan Bank & Trust focus on?
Southern Michigan Bank & Trust is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.9%
• Industrials: 14.4%
• Health Care: 12.2%
• Communication Services: 10.3%
• Consumer Discretionary: 8.6%
• Consumer Staples: 8.0%
Investment Profile
Southern Michigan Bank & Trust returned an annualized 7.6% over the trailing 3 months — outperforming the S&P 500 by 3.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.65 (less volatile than the market) and a 67% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 30.9% of the portfolio concentrated in Information Technology.
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