Institutional Manager · CIK 0000919864
Finward Bancorp
MUNSTER, IN · File #028-25084
Latest AUM
$128.8M
Positions
179
Top-10 Concentration
47.2%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | STATE STREET TECHNOLOGY SELECT | 81369Y803 | -5,821 | -$838,059 | -$826,918 |
| NEW | DIREXION DAILY S&P500 BULL 3X | 25459W862 | +3,280 | +$723,603 | $0 |
| REDUCE | VISA INC | V | -1,361 | -$477,316 | +$18,548 |
| REDUCE | COSTCO WHOLESALE CORP | 22160K105 | -436 | -$375,980 | -$83,923 |
| REDUCE | CHIPOTLE MEXICAN GRILL INC | CMG | -9,432 | -$348,984 | -$40,366 |
| EXITED | FISERV INC | 337738108 | -2,500 | -$322,325 | $0 |
| ADD | FLEXSHARES TR | FLEX | +6,091 | +$299,221 | -$1,371 |
| EXITED | ADOBE SYSTEMS INCORPORATED | 00724F101 | -840 | -$296,310 | $0 |
| REDUCE | PROSHARES ULTRAPRO QQQ | 74347X831 | -5,450 | -$287,324 | -$953,292 |
| NEW | AMERICAN CENTURY DIVERSIFIED | 025072505 | +5,379 | +$271,102 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025179 pos · $128.8M
- 13F HOLDINGS REPORTQ/E Sep 2025184 pos · $131.6M
- 13F HOLDINGS REPORTQ/E Jun 2025173 pos · $126.6M
- 13F HOLDINGS REPORTQ/E Mar 2025179 pos · $115.4M
- 13F HOLDINGS REPORTQ/E Dec 2024177 pos · $115.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | FLEXSHARES TR | FLEX | 128,516 | $6.3M | 6.42% |
| 2 | VANGUARD S&P 500 ETF | 922908363 | 10,045 | $6.3M | 6.41% |
| 3 | MICROSOFT CORP | MSFT | 12,614 | $6.1M | 6.21% |
| 4 | VANGUARD GROWTH ETF (MKT) | 922908736 | 11,629 | $5.7M | 5.77% |
| 5 | INVESCO QQQ TRUST | IVZ | 7,257 | $4.5M | 4.54% |
| 6 | STATE STREET SPDR BLOOMBERG | 78464A359 | 47,591 | $4.2M | 4.32% |
| 7 | APPLE INC | AAPL | 13,392 | $3.6M | 3.70% |
| 8 | FINWARD BANCORP | FNWD | 97,084 | $3.4M | 3.48% |
| 9 | DIREXION DAILY S&P500 BULL 3X | 25459W862 | 14,320 | $3.2M | 3.21% |
| 10 | PROSHARES ULTRAPRO QQQ | 74347X831 | 58,384 | $3.1M | 3.13% |
| 11 | INVESCO S&P 500 GARP ETF | IVZ | 24,769 | $2.8M | 2.87% |
| 12 | VANGUARD MEGA CAP GROWTH ETF | 921910816 | 6,088 | $2.5M | 2.56% |
| 13 | VANGUARD DIVIDEND APPREC IDX ETF | 921908844 | 11,176 | $2.5M | 2.50% |
| 14 | MICROSOFT CORP | MSFT | 4,309 | $2.1M | 2.12% |
| 15 | JPMORGAN CHASE & CO | VYLD | 6,309 | $2.0M | 2.07% |
| 16 | STATE STREET SPDR BLOOMBERG | 78464A359 | 21,579 | $1.9M | 1.96% |
| 17 | FIRST TRUST VALUE LINE DIVIDEND | 33734H106 | 41,379 | $1.9M | 1.94% |
| 18 | VANGUARD MEGA CAP VALUE ETF | 921910840 | 13,502 | $1.9M | 1.94% |
| 19 | JOHNSON & JOHNSON | JNJ | 9,130 | $1.9M | 1.92% |
| 20 | STATE STREET TECHNOLOGY SELECT | 81369Y803 | 12,128 | $1.7M | 1.78% |