Finward Bancorp

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CIK 919864

13F portfolio (2026-Q1)

$125M

Positions

104

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

104

Top 5

26.7%

Top 10

42.7%

Effective N

38.7

HHI

0.026

This quarter

4 new · 0 exit →

By sector

Unclassified58.4%

Information Technology10.1%

Financials7.4%

Health Care5.2%

Utilities4.9%

Consumer Discretionary3.4%

Energy2.3%

Materials2.3%

Other6.0%

By market cap

Unknown61.0%

Mega (>$200B)22.3%

Large ($10–200B)12.6%

Micro (<$300M)3.8%

Mid ($2–10B)0.2%

By region

Other58.4%

North America40.8%

Europe0.8%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	58.85%	43
Banks	5.37%	2
Software	5.01%	1
Utilities	4.88%	9
Pharmaceuticals & Biotechnology	4.78%	8
Technology Hardware & Equipment	3.82%	2
Oil, Gas & Consumable Fuels	2.31%	5
Specialty Retail	1.96%	4
Hotels, Restaurants & Leisure	1.48%	3
Beverages	1.31%	2
Metals & Mining	1.19%	1
Chemicals	1.07%	2
Software & IT Services	1.01%	2
Diversified Telecommunication Services	0.95%	2
Semiconductors & Semiconductor Equipment	0.88%	2
Equity Real Estate Investment Trusts (REITs)	0.79%	1
Insurance	0.77%	2
Commercial Services & Supplies	0.62%	1
Tobacco	0.57%	2
Aerospace & Defense	0.53%	2
Road & Rail	0.48%	2
Health Care Equipment & Supplies	0.39%	1
Professional Services	0.25%	1
Electrical Equipment & Components	0.22%	1
Communications Equipment	0.20%	1
Capital Markets	0.16%	1
Machinery	0.16%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	SKOR	FLEXSHARES TR	Unclassified	6.43%
2	VOO	VANGUARD INDEX FDS	Unclassified	6.07%
3	CWB	SPDR SER TR	Unclassified	5.13%
4	MSFT	MICROSOFT CORP	Information Technology	5.01%
5	VUG	VANGUARD INDEX FDS	Unclassified	4.08%
6	FNWD	Finward Bancorp	Financials	3.82%
7	AAPL	Apple Inc.	Information Technology	3.64%
8	QQQ	INVESCO QQQ TR	Unclassified	3.48%
9	SPXL	DIREXION SHS ETF TR	Unclassified	2.60%
10	VIG	VANGUARD SPECIALIZED FUNDS	Unclassified	2.43%

62/104 names classified · sector 41.6% of weight · industry 41.2% · mkt cap 39.0%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 6 quarters

Information TechnologyMSFT, AAPL, NVDA, ADBE, INTC · other

FinancialsFNWD, JPM, V, TRV, BRK.B · other

Consumer DiscretionaryMCD, AMZN, COST, CMG, HD · other

Health CareJNJ, ABBV, ABT, MDT, PFE · other

UtilitiesNI, DTE, ETR, DUK, SO · other

MaterialsPG, WPM, LIN

EnergyXOM, BP, ENB, KWR, CVX

Communication ServicesMETA, VZ, GOOGL, T, NFLX

Consumer StaplesKO, PEP, PM, MO

IndustrialsPAYX, UPS, FISV, NOC, LMT · other

Real Estate

UnclassifiedTQQQ, VOO, CWB, VUG, SKOR · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 41.6% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 39% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (56 classified)Finward Bancorp centroid (Large Core)

Information TechnologyFinancialsUtilitiesHealth CareConsumer DiscretionaryCommunication ServicesConsumer StaplesIndustrialsEnergyMaterialsReal Estate

Style box summary for Finward Bancorp: centroid Large Core. Heaviest cells: Large Growth 13.9%, Large Value 10.2%, Large Core 6.3%.

Classified: 38.5% of book weight (56/104 names) · unclassified 61.5%: SKOR, VOO, CWB, VUG, QQQ, SPXL, VIG, SPGP, TQQQ, MGK +38 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 104 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	SKORFLEXSHARES TR	165,547	$8M	6.4%	ADD 14%
2	VOOVANGUARD INDEX FDS	12,717	$8M	6.1%	ADD 4%
3	CWBSPDR SER TR	70,137	$6M	5.1%	HOLD
4	MSFTMICROSOFT CORP	16,943	$6M	5.0%	HOLD
5	VUGVANGUARD INDEX FDS	11,688	$5M	4.1%	TRIM −4%
6	FNWDFINWARD BANCORP	131,560	$5M	3.8%	TRIM −3%
7	AAPLAPPLE INC	17,945	$5M	3.6%	HOLD
8	QQQINVESCO QQQ TR	7,542	$4M	3.5%	ADD 4%
9	SPXLDIREXION SHS ETF TR	17,600	$3M	2.6%	HOLD
10	VIGVANGUARD SPECIALIZED FUNDS	14,130	$3M	2.4%	ADD 8%
11	SPGPInvesco S&P 500 GARP - ETF	27,994	$3M	2.4%	HOLD
12	TQQQPROSHARES TR	71,744	$3M	2.4%	HOLD
13	JNJJOHNSON & JOHNSON	10,553	$3M	2.1%	HOLD
14	MGKVanguard Mega Cap Growth ETF	6,388	$2M	1.9%	HOLD
15	FVDFIRST TR EXCHANGE-TRADED FD	44,700	$2M	1.7%	TRIM −3%
16	VGTVANGUARD WORLD FD	2,860	$2M	1.6%	HOLD
17	MGVVANGUARD WORLD FD	13,414	$2M	1.6%	HOLD
18	JPMJPMORGAN CHASE & CO	6,593	$2M	1.6%	HOLD
19	IJHISHARES TR	28,511	$2M	1.5%	HOLD
20	NOBLPROSHARES TR	15,926	$2M	1.3%	TRIM −6%
21	VIGIVanguard Whitehall Int'l Div. Apprec. ETF	18,114	$2M	1.3%	ADD 16%
22	XLKSELECT SECTOR SPDR TR	11,749	$2M	1.2%	TRIM −5%
23	WPMWHEATON PRECIOUS METALS CORP	11,400	$1M	1.2%	HOLD
24	VYMVANGUARD WHITEHALL FDS	9,613	$1M	1.1%	ADD 3%
25	ABBVABBVIE INC	6,446	$1M	1.1%	HOLD
26	NINISOURCE INC	28,158	$1M	1.1%	HOLD
27	IJRISHARES TR	10,302	$1M	1.0%	ADD 7%
28	MCDMCDONALDS CORP	4,003	$1M	1.0%	TRIM −4%
29	KOCOCA COLA CO	14,787	$1M	0.9%	HOLD
30	AMZNAMAZON COM INC	5,213	$1M	0.9%	HOLD
31	XOMEXXON MOBIL CORP	6,387	$1M	0.9%	HOLD
32	PGPROCTER AND GAMBLE CO	7,483	$1M	0.9%	HOLD
33	WELLWELLTOWER INC	4,971	$982,817	0.8%	TRIM −2%
34	VTVVANGUARD INDEX FDS	4,916	$964,518	0.8%	ADD 30%
35	GLDSPDR GOLD TR	2,220	$955,247	0.8%	TRIM −7%
36	ETRENTERGY CORP NEW	8,460	$950,566	0.8%	HOLD
37	VOTVANGUARD INDEX FDS	3,445	$886,572	0.7%	TRIM −3%
38	DTEDTE ENERGY CO	6,000	$877,320	0.7%	HOLD
39	FDLFirst Trust Morningstar Div Leaders ETF	15,656	$795,324	0.6%	HOLD
40	XLISELECT SECTOR SPDR TR	4,878	$788,919	0.6%	HOLD
41	DUKDUKE ENERGY CORP NEW	5,943	$778,180	0.6%	HOLD
42	VVISA INC	2,550	$770,712	0.6%	TRIM −2%
43	NVDANVIDIA CORPORATION	4,306	$750,966	0.6%	TRIM −34%
44	AGGISHARES TR	7,077	$702,533	0.6%	HOLD
45	BPBP PLC	14,438	$678,586	0.5%	HOLD
46	GOOGLALPHABET INC	2,348	$675,190	0.5%	HOLD
47	VZVERIZON COMMUNICATIONS INC	12,823	$643,716	0.5%	HOLD
48	SOSOUTHERN CO	6,586	$635,681	0.5%	HOLD
49	EFAISHARES TR	6,112	$593,659	0.5%	HOLD
50	METAMETA PLATFORMS INC	1,021	$584,148	0.5%	HOLD
51	TRVTRAVELERS COMPANIES INC	2,000	$583,360	0.5%	HOLD
52	HDHOME DEPOT INC	1,754	$576,873	0.5%	HOLD
53	AEPAMERICAN ELEC PWR CO INC	4,372	$573,082	0.5%	HOLD
54	BRK.BBERKSHIRE HATHAWAY INC DEL	1,188	$569,290	0.5%	HOLD
55	ABTABBOTT LABS	5,451	$559,655	0.4%	HOLD
56	TAT&T INC	18,818	$545,534	0.4%	HOLD
57	BNDVANGUARD BD INDEX FDS	7,331	$539,854	0.4%	TRIM −11%
58	XLFSELECT SECTOR SPDR TR	10,821	$534,234	0.4%	HOLD
59	ENBENBRIDGE INC	9,865	$534,091	0.4%	HOLD
60	VHTVANGUARD WORLD FD	1,947	$530,229	0.4%	TRIM −3%
61	VBVANGUARD INDEX FDS	1,997	$523,053	0.4%	ADD 16%
62	SPYSTATE STR SPDR S&P 500 ETF T	795	$517,021	0.4%	HOLD
63	PEPPEPSICO INC	3,327	$516,652	0.4%	TRIM −3%
64	WMTWALMART INC	4,059	$504,453	0.4%	HOLD
65	VBKVANGUARD INDEX FDS	1,655	$500,228	0.4%	TRIM −5%
66	MDTMEDTRONIC PLC	5,600	$485,240	0.4%	HOLD
67	EXCEXELON CORP	9,576	$469,416	0.4%	HOLD
68	PMPHILIP MORRIS INTL INC	2,446	$404,423	0.3%	TRIM −3%
69	NOCNORTHROP GRUMMAN CORP	570	$388,876	0.3%	HOLD
70	ELVELEVANCE HEALTH INC FORMERLY	1,303	$381,454	0.3%	HOLD
71	MARMARRIOTT INTL INC NEW	1,131	$369,916	0.3%	HOLD
72	VOEVANGUARD INDEX FDS	1,962	$361,558	0.3%	TRIM −2%
73	UPSUNITED PARCEL SERVICE INC	3,570	$351,217	0.3%	HOLD
74	INTCINTEL CORP	7,874	$347,479	0.3%	HOLD
75	CVXCHEVRON CORP NEW	1,609	$332,903	0.3%	HOLD
76	LLYELI LILLY & CO	355	$326,518	0.3%	HOLD
77	PFEPFIZER INC	11,412	$320,448	0.3%	HOLD
78	VWOVANGUARD INTL EQUITY INDEX F	5,910	$319,438	0.3%	TRIM −3%
79	PAYXPAYCHEX INC	3,344	$308,048	0.2%	HOLD
80	VBRVANGUARD INDEX FDS	1,406	$305,456	0.2%	TRIM −14%
81	AZNASTRAZENECA PLC	1,548	$305,297	0.2%	NEW
82	MOALTRIA GROUP INC	4,607	$304,017	0.2%	HOLD
83	DTMDT MIDSTREAM INC	2,185	$294,254	0.2%	HOLD
84	COSTCOSTCO WHSL CORP NEW	290	$288,965	0.2%	TRIM −67%
85	LMTLOCKHEED MARTIN CORP	456	$275,602	0.2%	HOLD
86	EMREMERSON ELEC CO	2,060	$269,903	0.2%	HOLD
87	VTIVANGUARD INDEX FDS	841	$269,800	0.2%	HOLD
88	TAXFAMERICAN CENTY ETF TR	5,379	$269,219	0.2%	HOLD
89	VRPINVESCO EXCH TRADED FD TR II	10,945	$262,461	0.2%	HOLD
90	BNTXBIONTECH SE	2,935	$260,863	0.2%	HOLD
91	KWRQUAKER HOUGHTON	2,065	$256,535	0.2%	HOLD
92	LINLINDE PLC	517	$256,308	0.2%	HOLD
93	SPHDINVESCO EXCH TRADED FD TR II	5,151	$255,541	0.2%	TRIM −23%
94	QCOMQUALCOMM INC	1,980	$254,984	0.2%	HOLD
95	VNQVANGUARD INDEX FDS	2,812	$249,430	0.2%	HOLD
96	CSXCSX CORP	6,072	$249,256	0.2%	HOLD
97	CMGCHIPOTLE MEXICAN GRILL INC	7,500	$240,075	0.2%	TRIM −17%
98	BMYBRISTOL-MYERS SQUIBB CO	3,695	$224,103	0.2%	NEW
99	IBMINTERNATIONAL BUSINESS MACHS	900	$218,151	0.2%	HOLD
100	WECWEC ENERGY GROUP INC	1,843	$213,364	0.2%	NEW
101	GSGOLDMAN SACHS GROUP INC	243	$205,575	0.2%	HOLD
102	DEDEERE & CO	364	$205,043	0.2%	NEW
103	TIPISHARES TR	1,856	$204,828	0.2%	HOLD
104	BITFARMS LTD	13,485	$26,296	0.0%	HOLD

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

SKORFLEXSHARES TR

—

46K

69K

114K

146K

166K

$8M

VOOVANGUARD INDEX FDS

11K

12K

13K

$8M

CWBSPDR SER TR

77K

76K

75K

71K

69K

70K

$6M

MSFTMICROSOFT CORP

18K

17K

$6M

VUGVANGUARD INDEX FDS

14K

13K

12K

$5M

FNWDFINWARD BANCORP

149K

142K

141K

137K

136K

132K

$5M

AAPLAPPLE INC

20K

19K

18K

$5M

QQQINVESCO QQQ TR

$4M

SPXLDIREXION SHS ETF TR

—

18K

$3M

VIGVANGUARD SPECIALIZED FUNDS

10K

11K

12K

13K

14K

$3M

SPGPInvesco S&P 500 GARP - ETF

34K

35K

34K

30K

29K

28K

$3M

TQQQPROSHARES TR

111K

152K

151K

102K

72K

$3M

JNJJOHNSON & JOHNSON

11K

$3M

MGKVanguard Mega Cap Growth ETF

$2M

FVDFIRST TR EXCHANGE-TRADED FD

50K

47K

46K

45K

$2M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

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