Finward Bancorp

CIK 0000919864 · Q1 2026

13F Equity AUM

$125.1M

-2.9% QoQ

Positions

104

0 QoQ

AUM Rank

#9,213

Top 74%

Skill Alpha (FF)

—

Building track record (4q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 26.7%Top 10: 42.7%Top 20: 60.7%

SKOR6.4%

VOO6.1%

CWB5.1%

MSFT5.0%

VUG4.1%

FNWD3.8%

AAPL3.6%

NDQ3.5%

SPXL2.6%

VIG2.4%

Others (94)57.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services65.5%

Technology9.9%

Healthcare5.5%

Utilities4.7%

Consumer Defensive3.0%

Consumer Cyclical2.8%

Energy2.3%

Other6.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 104Median: 0.46%Avg: 0.96%

0–0.5%

56(16.5%)

0.5–1%

21(14.8%)

1–3%

19(31.1%)

3–5%

4(15.0%)

5%+

4(22.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 104Unique: 0vs 20 funds

1.4%Low

104

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.9%

JPMORGAN CHASE & CO

2.1%

BANK OF AMERICA CORP /DE/

2.1%

FMR LLC

3.3%

BlackRock, Inc.

2.1%

STATE STREET CORP

2.1%

VANGUARD CAPITAL MANAGEMENT LLC

1.8%

GEODE CAPITAL MANAGEMENT, LLC

1.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased15Decreased42Exited4

New Positions

AZN0.2%

+2K

BMY0.2%

+4K

WEC0.2%

+2K

DE0.2%

+364

Increased

SKOR6.4%

+20K(+14%)

VIGI1.3%

+2K(+16%)

VTV0.8%

+1K(+30%)

VIG2.4%

+1K(+8%)

CWB5.1%

+967(+1%)

IJR1.0%

+705(+7%)

VOO6.1%

+540(+4%)

VB0.4%

+280(+16%)

NDQ3.5%

+265(+4%)

VYM1.1%

+260(+3%)

Decreased

FNWD3.8%

-4,728(-3%)

NVDA0.6%

-2,250(-34%)

SPHD0.2%

-1,570(-23%)

CMG0.2%

-1,500(-17%)

FVD1.7%

-1,285(-3%)

NOBL1.4%

-937(-6%)

BND0.4%

-900(-11%)

COST0.2%

-600(-67%)

SPGP2.4%

-570(-2%)

XLK1.3%

-555(-5%)

Exited

-3,098

-1,000

-468

-1,730

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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