# Finward Bancorp

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 919864. Source: https://holderbook.com/funds/919864-finward-bancorp/

- Reported value: $131.9M
- Positions: 107
- Weight of the ten largest: 44.8%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.6M | 12,575 | 6.6% | 7 |
| FLEXSHARES TR | [SKOR](https://holderbook.com/stocks/SKOR/) | $8.5M | 174,995 | 6.4% | 6 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $7.6M | 70,187 | 5.7% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.3M | 16,834 | 4.8% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.1M | 70,778 | 4.6% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.8M | 7,818 | 4.4% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.2M | 17,826 | 3.9% | 7 |
| FINWARD BANCORP | [FNWD](https://holderbook.com/stocks/FNWD/) | $4.8M | 131,360 | 3.7% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.4M | 14,416 | 2.6% | 7 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $2.8M | 31,846 | 2.1% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.7M | 22,796 | 2.1% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.7M | 10,503 | 2.0% | 7 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $2.4M | 19,789 | 1.8% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.4M | 31,036 | 1.8% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.3M | 11,899 | 1.7% | 7 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $2.2M | 13,555 | 1.7% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.1M | 6,563 | 1.6% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [FVD](https://holderbook.com/stocks/FVD/) | $2.1M | 44,553 | 1.6% | 7 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $1.8M | 18,864 | 1.3% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.6M | 6,446 | 1.2% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.6M | 7,291 | 1.2% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.6M | 10,642 | 1.2% | 7 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.6M | 9,958 | 1.2% | 7 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $1.4M | 24,872 | 1.1% | 7 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $1.3M | 28,133 | 1.0% | 7 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $1.3M | 11,400 | 1.0% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 5,213 | 0.9% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 14,787 | 0.9% | 7 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $1.1M | 4,936 | 0.8% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,483 | 0.8% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.1M | 7,854 | 0.8% | 4 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.1M | 3,535 | 0.8% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.1M | 4,003 | 0.8% | 7 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.0M | 22,411 | 0.8% | 1 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $971.7K | 8,460 | 0.7% | 7 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $914.2K | 6,000 | 0.7% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $866.3K | 2,525 | 0.7% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $865.0K | 6,327 | 0.7% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $839.1K | 2,348 | 0.6% | 7 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $838.7K | 4,528 | 0.6% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $817.8K | 2,220 | 0.6% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $761.8K | 15,656 | 0.6% | 7 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $746.1K | 5,894 | 0.6% | 7 |
| ISHARES TR | [IMTM](https://holderbook.com/stocks/IMTM/) | $715.0K | 13,407 | 0.5% | 1 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $700.5K | 7,077 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $664.1K | 2,191 | 0.5% | 7 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $660.2K | 2,000 | 0.5% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $644.8K | 6,207 | 0.5% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $630.3K | 6,586 | 0.5% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $618.6K | 1,754 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $605.2K | 1,655 | 0.5% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $594.5K | 1,188 | 0.5% | 7 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $591.3K | 4,322 | 0.4% | 7 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $590.2K | 1,974 | 0.4% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $588.5K | 788 | 0.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $575.1K | 1,021 | 0.4% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $541.0K | 12,778 | 0.4% | 7 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $538.8K | 10,051 | 0.4% | 7 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $534.8K | 9,865 | 0.4% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $533.7K | 445 | 0.4% | 7 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $533.5K | 14,438 | 0.4% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $511.8K | 2,558 | 0.4% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $494.6K | 5,451 | 0.4% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $459.7K | 4,059 | 0.3% | 7 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $452.1K | 9,697 | 0.3% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $442.5K | 2,446 | 0.3% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $438.1K | 5,600 | 0.3% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $429.1K | 3,169 | 0.3% | 7 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $419.1K | 1,131 | 0.3% | 7 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $414.2K | 1,071 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $387.7K | 1,962 | 0.3% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $383.9K | 18,548 | 0.3% | 7 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $383.8K | 3,570 | 0.3% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $365.9K | 1,980 | 0.3% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $352.8K | 5,910 | 0.3% | 4 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $341.6K | 1,406 | 0.3% | 7 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $331.5K | 4,607 | 0.3% | 7 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $328.8K | 3,344 | 0.2% | 7 |
| QUAKER HOUGHTON | [KWR](https://holderbook.com/stocks/KWR/) | $328.1K | 2,065 | 0.2% | 7 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $320.6K | 2,185 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $311.2K | 841 | 0.2% | 5 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $303.0K | 4,128 | 0.2% | 7 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $294.9K | 2,060 | 0.2% | 7 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $293.5K | 1,548 | 0.2% | 2 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $288.6K | 6,072 | 0.2% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $284.6K | 490 | 0.2% | 1 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $280.1K | 550 | 0.2% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $274.8K | 11,412 | 0.2% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $271.3K | 290 | 0.2% | 7 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $268.3K | 517 | 0.2% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $266.7K | 1,609 | 0.2% | 7 |
| INVESCO EXCH TRADED FD TR II | [VRP](https://holderbook.com/stocks/VRP/) | $266.1K | 10,945 | 0.2% | 7 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $255.0K | 7,500 | 0.2% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $253.6K | 2,159 | 0.2% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $253.1K | 900 | 0.2% | 6 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $245.8K | 243 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $244.2K | 2,532 | 0.2% | 4 |
| INVESCO EXCH TRADED FD TR II | [QQQJ](https://holderbook.com/stocks/QQQJ/) | $235.4K | 5,180 | 0.2% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $232.4K | 1,872 | 0.2% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $230.9K | 364 | 0.2% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.4% | +14.8% | -2.4% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2025 | +0.9% | +2.4% | -1.5% | 100% |
| Q3 2025 | +8.4% | +7.8% | +0.5% | 100% |
| Q2 2025 | +9.1% | +10.5% | -1.3% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $131.9M | 107 |
| Q1 2026 | $125.1M | 104 |
| Q4 2025 | $128.8M | 104 |
| Q3 2025 | $131.6M | 106 |
| Q2 2025 | $126.6M | 101 |
| Q1 2025 | $115.4M | 104 |
| Q4 2024 | $115.3M | 103 |