Finward Bancorp: which funds bought and sold

Institutions that bought and sold Finward Bancorp shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 33 institutions that filed 13F reports for both quarters added to or opened positions in Finward Bancorp, and 40 cut or closed them. Together they sold a net 67K shares, −3.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 90K shares (+14.1%); index fund managers were net sellers of 263K shares (−48.9%). 14 opened a new position and 18 sold out entirely.

Bought, Q2 2026 33 institutions, 14 of them new holders Sold, Q2 2026 40 institutions, 18 of them sold out

Net change, all compared −67K shares (−3.2%)

Net change, active managers +90K shares (+14.1%), 14 bought, 3 sold

Buyers versus sellers

institutions compared, 89

33 bought 16 40 sold

Active managers and hedge funds 14 bought · 3 sold · +90K

Index fund managers 1 bought · 8 sold · −263K

Other institutions 18 bought · 29 sold · +107K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Elizabeth Park Capital Advisors, Ltd.	+58K New position	58K	$2.1M
Millennium Management LLC Hedge fund	+36K New position	36K	$1.3M
Fifth Third Bancorp	+29K +2880.5%	30K	$1.1M
Raffles Associates LP	+27K +100.0%	53K	$2M
Fourthstone LLC	+21K New position	21K	$771,497
Jane Street Group, LLC	+16K New position	16K	$576,968
Squarepoint Ops LLC Hedge fund	+14K New position	14K	$512,603
Fiduciary Trust Co	+14K +140.8%	23K	$858,077
Citadel Advisors LLC Hedge fund	+10K +182.2%	16K	$592,526
Arrowstreet Capital, Limited Partnership Hedge fund	+9,571 New position	9,571	$352,021
Qube Research & Technologies Ltd Hedge fund	+7,328 New position	7,328	$269,524
Two Sigma Investments, LP Hedge fund	+6,306 New position	6,306	$231,935
Quadrature Capital Ltd Hedge fund	+6,289 New position	6,289	$231,309
Daytona Street Capital LLC	+6,000 New position	6,000	$215,580
Aster Capital Management (Difc) Ltd	+5,910 New position	5,910	$217,370
AQR Capital Management LLC Hedge fund	+3,970 +25.1%	20K	$726,776
Alliancebernstein L.P. Active manager	+3,455 +0.8%	417K	$15.1M
Susquehanna International Group, LLP	+1,343 +14.7%	11K	$386,521
Los Angeles Capital Management LLC Active manager	+883 New position	883	$32,477
Acadian Asset Management LLC Active manager	+561 +1.4%	41K	$1.5M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	+36K New position	36K	$1.3M
Squarepoint Ops LLC Hedge fund	+14K New position	14K	$512,603
Citadel Advisors LLC Hedge fund	+10K +182.2%	16K	$592,526
Arrowstreet Capital, Limited Partnership Hedge fund	+9,571 New position	9,571	$352,021
Qube Research & Technologies Ltd Hedge fund	+7,328 New position	7,328	$269,524
Two Sigma Investments, LP Hedge fund	+6,306 New position	6,306	$231,935
Quadrature Capital Ltd Hedge fund	+6,289 New position	6,289	$231,309
AQR Capital Management LLC Hedge fund	+3,970 +25.1%	20K	$726,776
Alliancebernstein L.P. Active manager	+3,455 +0.8%	417K	$15.1M
Los Angeles Capital Management LLC Active manager	+883 New position	883	$32,477

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	−138K −86.0%	23K	$827,661
Goldman Sachs Group Inc	−45K −82.2%	9,684	$356,178
Geode Capital Management, LLC Index funds	−39K −48.0%	42K	$1.5M
State Street Corp Index funds	−33K −66.8%	17K	$607,606
Northern Trust Corp Index funds	−22K −71.7%	8,541	$314,138
Vanguard Portfolio Management LLC Index funds	−20K Sold out	0	—
Charles Schwab Investment Management Inc Index funds	−9,982 Sold out	0	—
Bank Of New York Mellon Corp	−8,076 Sold out	0	—
Trexquant Investment LP Hedge fund	−7,965 Sold out	0	—
Morgan Stanley	−2,742 −22.5%	9,440	$347,240
Black Maple Capital Management LP	−2,481 −16.9%	12K	$448,606
Rhumbline Advisers Index funds	−2,474 Sold out	0	—
Mirae Asset Global Etfs Holdings Ltd.	−1,638 Sold out	0	—
Wellington Management Group LLP Active manager	−1,554 −2.8%	54K	$2M
Deutsche Bank Ag\	−1,532 Sold out	0	—
Jpmorgan Chase & Co	−1,346 −96.5%	49	$1,766
Wells Fargo & Company	−1,296 Sold out	0	—
Police & Firemen'S Retirement System Of New Jersey	−1,219 Sold out	0	—
Barclays PLC	−822 −86.1%	133	$4,892
BNP Paribas Financial Markets	−790 −96.6%	28	$1,030

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Trexquant Investment LP Hedge fund	−7,965 Sold out	0	—
Wellington Management Group LLP Active manager	−1,554 −2.8%	54K	$2M
FMR LLC Active manager	−5 −2.5%	196	$7,209

New positions

largest by value

Institution	Shares	Value June 30, 2026
Elizabeth Park Capital Advisors, Ltd.	58K	$2.1M
Millennium Management LLCHedge fund	36K	$1.3M
Fourthstone LLC	21K	$771,497
Jane Street Group, LLC	16K	$576,968
Squarepoint Ops LLCHedge fund	14K	$512,603
Arrowstreet Capital, Limited PartnershipHedge fund	9,571	$352,021
Qube Research & Technologies LtdHedge fund	7,328	$269,524
Two Sigma Investments, LPHedge fund	6,306	$231,935
Quadrature Capital LtdHedge fund	6,289	$231,309
Aster Capital Management (Difc) Ltd	5,910	$217,370

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Vanguard Portfolio Management LLCIndex funds	20K	$719,466
Charles Schwab Investment Management IncIndex funds	9,982	$362,347
Bank Of New York Mellon Corp	8,076	$293,141
Trexquant Investment LPHedge fund	7,965	$289,130
Rhumbline AdvisersIndex funds	2,474	$89,803
Mirae Asset Global Etfs Holdings Ltd.	1,638	$59,459
Deutsche Bank Ag\	1,532	$55,612
Wells Fargo & Company	1,296	$47,045
Police & Firemen'S Retirement System Of New Jersey	1,219	$44,250
Tower Research Capital LLC (TRC)	665	$24,139

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 71
Ten largest holders: 72.0%
Index fund managers: 13.6%
Active managers and hedge funds: 35.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	14	3	7	1	+90K	+14.1%
Index fund managers	1	8	0	3	−263K	−48.9%
Other institutions	18	29	7	14	+107K	+11.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Finward Bancorp.

Only managers that filed a holdings report for both quarters are compared (89 here). 2 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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