Vault-13

FINWARD BANCORP FNWD

COM · Common Stock · CUSIP 31812F109

72 institutional holders -5 vs Q1 2026
2,026,7362.0m shares reported held*
46.8% of all shares outstanding*
$74.3mreported value*
15 new 19 added 22 reduced 18 sold out net sold ≈ $2.5m (-66.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($25.1k this quarter). Holder counts are more reliable. Shares outstanding: 4.3m as of 2026-08-07, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $36.68.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 24Q4 22: 26Q1 23: 22Q2 23: 24Q3 23: 23Q4 23: 26Q1 24: 27Q2 24: 29Q3 24: 33Q4 24: 37Q1 25: 37Q2 25: 49Q3 25: 60Q4 25: 71Q1 26: 77Q2 26: 7272Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202224
Q4 202226
Q1 202322
Q2 202324
Q3 202323
Q4 202326
Q1 202427
Q2 202429
Q3 202433
Q4 202437
Q1 202537
Q2 202549
Q3 202560
Q4 202571
Q1 202677
Q2 202672

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 24: 12 bought or addedQ3 24: 6 cut or sold outQ4 24: 13 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 13 bought or addedQ1 25: 10 cut or sold outQ2 25: 31 bought or addedQ2 25: 11 cut or sold outQ2 25Q3 25: 33 bought or addedQ3 25: 17 cut or sold outQ4 25: 41 bought or addedQ4 25: 15 cut or sold outQ4 25Q1 26: 27 bought or addedQ1 26: 27 cut or sold outQ2 26: 34 bought or addedQ2 26: 40 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024126
Q4 2024137
Q1 20251310
Q2 20253111
Q3 20253317
Q4 20254115
Q1 20262727
Q2 20263440

Biggest buyers

Elizabeth Park Capital Advisors, Ltd. New +57,622+57.6k
MILLENNIUM MANAGEMENT LLC New +36,086+36.1k
FIFTH THIRD BANCORP Added +28,805+28.8k
RAFFLES ASSOCIATES LP Added +26,580+26.6k
Fourthstone LLC New +20,976+21.0k
JANE STREET GROUP, LLC New +15,687+15.7k
Squarepoint Ops LLC New +13,937+13.9k
Fiduciary Trust Co Added +13,640+13.6k
CITADEL ADVISORS LLC Added +10,401+10.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +9,571+9.6k

Biggest sellers

BlackRock, Inc. Reduced -137,740-137.7k
GOLDMAN SACHS GROUP INC Reduced -44,733-44.7k
GEODE CAPITAL MANAGEMENT, LLC Reduced -38,680-38.7k
STATE STREET CORP Reduced -33,246-33.2k
NORTHERN TRUST CORP Reduced -21,638-21.6k
VANGUARD PORTFOLIO MANAGEMENT LLC Sold out -19,820-19.8k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -9,982-10.0k
Bank of New York Mellon Corp Sold out -8,076-8.1k
Trexquant Investment LP Sold out -7,965-8.0k
MORGAN STANLEY Reduced -2,742-2.7k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
ALLIANCEBERNSTEIN L.P. 13G · institution +2.1 pts · filed 2025-11-14 9.3% +2.1 pts 403.7k≈ $14.8m 2025-11-14

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q4 24: 4 buyingQ4 24: 0 sellingQ1 25: 5 buyingQ1 25: 0 sellingQ1 25Q2 25: 4 buyingQ2 25: 1 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 3 buyingQ4 25: 0 sellingQ1 26: 3 buyingQ1 26: 0 sellingQ1 26Q2 26: 6 buyingQ2 26: 0 sellingQ3 26: 4 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20244$26.5k0——
Q1 20255$241.1k0——
Q2 20254$28.5k1$11.6k—
Q3 20250—0——
Q4 20253$3.4k0——
Q1 20263$3.4k0——
Q2 20266$4.0k0——
Q3 20264$3.7k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-25 Lowry Robert T Executive Vice President · Profit Sharing Bought 42 $43.48 $1.8k42 shares +<1%
2026-09-25 Scheub Todd M. Executive Vice President · Profit Sharing Bought 32 $43.48 $1.4k32 shares +<1%
2026-09-25 Puntillo Anthony Director Bought 5 $43.46 $2345 shares +<1%
2026-09-25 Bochnowski Benjamin J President, CEO, director · Profit Sharing Bought 5 $43.48 $2245 shares +<1%
2026-06-30 Lowry Robert T Executive Vice President · Profit Sharing Bought 51 $36.00 $1.8k51 shares +<1%
2026-06-30 Scheub Todd M. Executive Vice President · Profit Sharing Bought 39 $36.00 $1.4k39 shares +<1%
2026-06-30 Puntillo Anthony Director Bought 7 $35.75 $2337 shares +<1%
2026-06-30 Bochnowski Benjamin J President, CEO, director · Profit Sharing Bought 6 $36.00 $2246 shares +<1%
2026-06-30 Johnson Robert E. III Director Bought 5 $35.75 $1955 shares +<1%
2026-06-30 Han Amy Wong Director Bought 4 $35.75 $1284 shares +<1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 417,190417.2k $15.1m $15.1m 0.01% Added +3.5k +3,455
2 PL Capital Advisors, LLC 4.05% of their portfolio NAPLES, FL 395,716395.7k $14.6m $14.6m 4.05% Unchanged
3 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 162,149162.1k $6.0m $6.0m 0.00% Reduced -153 -153
4 Finward Bancorp 3.66% of their portfolio Munster, IN 131,360131.4k $4.8m $4.8m 3.66% Reduced -200 -200
5 ENDEAVOUR CAPITAL ADVISORS INC 0.75% of their portfolio GREENWICH, CT 99,54399.5k $3.7m $3.7m 0.75% Unchanged
6 Elizabeth Park Capital Advisors, Ltd. 1.46% of their portfolio PEPPER PIKE, OH 57,62257.6k $2.1m $2.1m 1.46% New
7 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 53,65653.7k $2.0m $2.0m 0.00% Reduced -1.6k -1,554
8 RAFFLES ASSOCIATES LP 0.86% of their portfolio NEW YORK, NY 53,16053.2k $2.0m $2.0m 0.86% Added +26.6k +26,580
9 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 45,30045.3k $1.7m $1.7m 0.00% Added +200 +200
10 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.00% of their portfolio Los Angeles, CA 44,94044.9k $1.7m $1.7m 0.00% Added +300 +300
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 41,97042.0k $1.5m $1.5m 0.00% Reduced -38.7k -38,680
12 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 41,37541.4k $1.5m $1.5m 0.00% Added +561 +561
13 Caldwell Trust Co 0.12% of their portfolio Venice, FL 40,43040.4k $1.5m $1.5m 0.12% Unchanged
14 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 36,08636.1k $1.3m $1.3m 0.00% New
15 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 29,80529.8k $1.1m $1.1m 0.00% Added +28.8k +28,805
16 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 23,88123.9k $878.1k $878.1k 0.00% Reduced -297 -297
17 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 23,80823.8k $875.7k $875.7k 0.00% Added +310 +310
18 Fiduciary Trust Co 0.01% of their portfolio Boston, MA 23,33023.3k $858.1k $858.1k 0.01% Added +13.6k +13,640
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 22,50322.5k $827.7k $827.7k 0.00% Reduced -137.7k -137,740
20 Fourthstone LLC 0.55% of their portfolio ST LOUIS, MO 20,97621.0k $771.5k $771.5k 0.55% New
21 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 20,03320.0k $736.8k $736.8k 0.00% Reduced -13 -13
22 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 19,76019.8k $726.8k $726.8k 0.00% Added +4.0k +3,970
23 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,52016.5k $607.6k $607.6k 0.00% Reduced -33.2k -33,246
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,11016.1k $592.5k $592.5k 0.00% Added +10.4k +10,401
25 OLD NATIONAL BANCORP /IN/ 0.01% of their portfolio EVANSVILLE, IN 15,99916.0k $588.4k $588.4k 0.01% Unchanged
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,68715.7k $577.0k $577.0k 0.00% New
27 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 13,93713.9k $512.6k $512.6k 0.00% New
28 Black Maple Capital Management LP 0.30% of their portfolio MILWAUKEE, WI 12,19712.2k $448.6k $448.6k 0.30% Reduced -2.5k -2,481
29 Mesirow Financial Investment Management, Inc. 0.01% of their portfolio CHICAGO, IL 10,66710.7k $392.3k $392.3k 0.01% Unchanged
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,50910.5k $386.5k $386.5k 0.00% Added +1.3k +1,343
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,6849.7k $356.2k $356.2k 0.00% Reduced -44.7k -44,733
32 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 9,5719.6k $352.0k $352.0k 0.00% New
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,4409.4k $347.2k $347.2k 0.00% Reduced -2.7k -2,742
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,9078.9k $327.6k $327.6k 0.00% Reduced -531 -531
35 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 8,5418.5k $314.1k $314.1k 0.00% Reduced -21.6k -21,638
36 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 8,3848.4k $308.4k $308.4k 0.00% Unchanged
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 8,0018.0k $294.3k $294.3k 0.00% Added +21 +21
38 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 7,3287.3k $269.5k $269.5k 0.00% New
39 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 6,5176.5k $239.7k $239.7k 0.00% Unchanged
40 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 6,3066.3k $231.9k $231.9k 0.00% New
41 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 6,2896.3k $231.3k $231.3k 0.00% New
42 Daytona Street Capital LLC 0.16% of their portfolio SAINT LOUIS, MO 6,0006.0k $215.6k $215.6k 0.16% New
43 Aster Capital Management (DIFC) Ltd 0.05% of their portfolio DUBAI, C0 5,9105.9k $217.4k $217.4k 0.05% New
44 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,8731.9k $68.9k $68.9k 0.00% Reduced -600 -600
45 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,7711.8k $65.1k $65.1k 0.00% Reduced -355 -355
46 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 1,2891.3k $47.4k $47.4k 0.00% Unchanged
47 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 883883 $32.5k $32.5k 0.00% New
48 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 805805 $29.6k $29.6k 0.00% Added +12 +12
49 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 579579 $21.0k $21.0k 0.00% Unchanged
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 546546 $20.0k $20.0k 0.00% Added +246 +246
51 Trust Co 0.00% of their portfolio MANHATTAN, KS 500500 $18.4k $18.4k 0.00% Unchanged
52 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 457457 $16.8k $16.8k 0.00% Added +456 +456
53 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 311311 $11.4k $11.4k 0.00% Unchanged
54 HORIZON BANCORP INC /IN/ 0.00% of their portfolio MICHIGAN CITY, IN 268268 $10.0k $10.0k 0.00% Unchanged
55 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 227227 $8.3k $8.3k 0.00% Unchanged
56 FMR LLC 0.00% of their portfolio BOSTON, MA 196196 $7.2k $7.2k 0.00% Reduced -5 -5
57 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 133133 $4.9k $4.9k 0.00% Reduced -822 -822
58 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 9494 $3.5k $3.5k 0.00% New
59 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 8888 $3.2k $3.2k 0.00% Unchanged
60 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5050 $1.8k $1.8k 0.00% Reduced -4 -4
61 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4949 $1.8k $1.8k 0.00% Reduced -1.3k -1,346
62 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4848 $1.8k $1.8k 0.00% Added +11 +11
63 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 4747 $1.7k $1.7k 0.00% Reduced -213 -213
64 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2828 $1.0k $1.0k 0.00% Reduced -790 -790
65 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2424 $883 $883 0.00% Added +11 +11
66 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 1919 $1.0k $1.0k 0.00% Unchanged
67 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 1414 $515 $515 0.00% Unchanged
68 Covestor Ltd 0.00% of their portfolio LONDON, X0 88 $0 $0 0.00% New
69 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 77 $256 $256 0.00% Added +1 +1
70 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 55 $184 $184 0.00% Added +3 +3
71 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 11 $37 $37 0.00% New
72 Basecamp Wealth Advisors LLC 0.00% of their portfolio BELLEVUE, WA 11 $37 $37 0.00% Reduced -1 -1