# Finward Bancorp: Form 13F holdings

An institutional investment manager in Munster, IN. SEC CIK 919864.

- Quarter ended: 2026-06-30
- Filed: 2026-07-16
- Reported value: $131.9m
- Positions: 107 (184 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/919864/000162828026048414/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| VANGUARD S&P 500 ETF | MUTUAL FUND/STO | $8.6m | 6.6% | 12,575 |  | Reduced −142 |
| FLEXSHARES TR | MUTUAL FUND/COR | $8.5m | 6.4% | 174,995 |  | Added +9,448 |
| STATE STREET SPDR BLOOMBERG | MUTUAL FUND/COR | $7.6m | 5.7% | 70,187 |  | Added +50 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COMMON STOCK | $6.3m | 4.8% | 16,834 |  | Reduced −109 |
| VANGUARD GROWTH ETF (MKT) | MUTUAL FUND/STO | $6.1m | 4.6% | 70,778 |  | Added +59,090 |
| INVESCO QQQ TRUST | MUTUAL FUND/STO | $5.8m | 4.4% | 7,818 |  | Added +276 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COMMON STOCK | $5.2m | 3.9% | 17,826 |  | Reduced −119 |
| [FINWARD BANCORP (FNWD)](/companies/fnwd.md) | COMMON STOCK | $4.8m | 3.7% | 131,360 |  | Reduced −200 |
| VANGUARD DIVIDEND APPREC IDX ETF | MUTUAL FUND/STO | $3.4m | 2.6% | 14,416 |  | Added +286 |
| VANGUARD MEGA CAP GROWTH ETF | MUTUAL FUND/STO | $2.8m | 2.1% | 31,846 |  | Added +25,458 |
| VANGUARD INFORMATION TECHNOLOGY | MUTUAL FUND/STO | $2.7m | 2.1% | 22,796 |  | Added +19,936 |
| [JOHNSON & JOHNSON (JNJ)](/companies/jnj.md) | COMMON STOCK | $2.7m | 2.0% | 10,503 |  | Reduced −50 |
| INVESCO S&P 500 GARP ETF | MUTUAL FUND/STO | $2.4m | 1.8% | 19,789 |  | Reduced −8,205 |
| ISHARES CORE S&P MID-CAP (MKT) | MUTUAL FUND/STO | $2.4m | 1.8% | 31,036 |  | Added +2,525 |
| STATE STREET TECHNOLOGY SELECT | MUTUAL FUND/STO | $2.3m | 1.7% | 11,899 |  | Added +150 |
| VANGUARD MEGA CAP VALUE ETF | MUTUAL FUND/STO | $2.2m | 1.7% | 13,555 |  | Added +141 |
| [JPMORGAN CHASE & CO (JPM)](/companies/jpm.md) | COMMON STOCK | $2.1m | 1.6% | 6,563 |  | Reduced −30 |
| FIRST TRUST VALUE LINE DIVIDEND | MUTUAL FUND/STO | $2.1m | 1.6% | 44,553 |  | Reduced −147 |
| VANGUARD INTL DIV APPREC ETF | MUTUAL FUND/STO | $1.8m | 1.3% | 18,864 |  | Added +750 |
| [ABBVIE INC (ABBV)](/companies/abbv.md) | COMMON STOCK | $1.6m | 1.2% | 6,446 |  | Unchanged |
| VANGUARD VALUE ETF (MKT) | MUTUAL FUND/STO | $1.6m | 1.2% | 7,291 |  | Added +2,375 |
| ISHARES CORE S&P SMALL-CAP (MKT) | MUTUAL FUND/STO | $1.6m | 1.2% | 10,642 |  | Added +340 |
| VANGUARD HIGH DIVIDEND YIELD | MUTUAL FUND/STO | $1.6m | 1.2% | 9,958 |  | Added +345 |
| PROSHARES S&P 500 DIVIDEND | MUTUAL FUND/STO | $1.4m | 1.1% | 24,872 |  | Added +8,946 |
| [NISOURCE INC (NI)](/companies/ni.md) | COMMON STOCK | $1.3m | 1.0% | 28,133 |  | Reduced −25 |
| [WHEATON PRECIOUS METALS CORP (WPM)](/companies/wpm.md) | FOREIGN STOCK | $1.3m | 1.0% | 11,400 |  | Unchanged |
| [AMAZON COM INC SR GLBL NT (AMZN)](/companies/amzn.md) | COMMON STOCK | $1.2m | 0.9% | 5,213 |  | Unchanged |
| [COCA COLA CO (KO)](/companies/ko.md) | COMMON STOCK | $1.2m | 0.9% | 14,787 |  | Unchanged |
| [WELLTOWER INC (WELL)](/companies/well.md) | COMMON STOCK | $1.1m | 0.8% | 4,936 |  | Reduced −35 |
| [PROCTER & GAMBLE CO (PG)](/companies/pg.md) | COMMON STOCK | $1.1m | 0.8% | 7,483 |  | Unchanged |
| [INTEL CORP (INTC)](/companies/intc.md) | COMMON STOCK | $1.1m | 0.8% | 7,854 |  | Reduced −20 |
| VANGUARD MID-CAP GROWTH ETF | MUTUAL FUND/STO | $1.1m | 0.8% | 3,535 |  | Added +90 |
| [MCDONALDS CORP COM (MCD)](/companies/mcd.md) | COMMON STOCK | $1.1m | 0.8% | 4,003 |  | Unchanged |
| UTILITIES SELECT SECTOR SPDRR | MUTUAL FUND/STO | $1.0m | 0.8% | 22,411 |  | New +22,411 |
| [ENTERGY CORP (ETR)](/companies/etr.md) | COMMON STOCK | $971.7k | 0.7% | 8,460 |  | Unchanged |
| [DTE ENERGY CO (DTE)](/companies/dte.md) | COMMON STOCK | $914.2k | 0.7% | 6,000 |  | Unchanged |
| [VISA INC (V)](/companies/v.md) | COMMON STOCK | $866.3k | 0.7% | 2,525 |  | Reduced −25 |
| EXXON MOBIL CORP | COMMON STOCK | $865.0k | 0.7% | 6,327 |  | Reduced −60 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | COMMON STOCK | $839.1k | 0.6% | 2,348 |  | Unchanged |
| STATE STREET INDUSTRIAL SELECT | MUTUAL FUND/STO | $838.7k | 0.6% | 4,528 |  | Reduced −350 |
| [SPDR GOLD SHARES (MKT) (GLD)](/companies/gld.md) | MUTUAL FUND/STO | $817.8k | 0.6% | 2,220 |  | Unchanged |
| FIRST TRUST MORNINGSTAR DIV | MUTUAL FUND/STO | $761.8k | 0.6% | 15,656 |  | Unchanged |
| [DUKE ENERGY CORP (DUK)](/companies/duk.md) | COMMON STOCK | $746.1k | 0.6% | 5,894 |  | Reduced −49 |
| ISHARES EDGE MSCI INTL MOMENTUM | MUTUAL FUND/STO | $715.0k | 0.5% | 13,407 |  | New +13,407 |
| ISHARES CORE US AGGBD BD ETF | MUTUAL FUND/COR | $700.5k | 0.5% | 7,077 |  | Unchanged |
| VANGUARD SMALL CAP ETF (MKT) | MUTUAL FUND/STO | $664.1k | 0.5% | 2,191 |  | Added +194 |
| [TRAVELERS COMPANIES INC (TRV)](/companies/trv.md) | COMMON STOCK | $660.2k | 0.5% | 2,000 |  | Unchanged |
| ISHARES MSCI EAFE (MKT) | MUTUAL FUND/STO | $644.8k | 0.5% | 6,207 |  | Added +95 |
| [SOUTHERN COMPANY (SO)](/companies/so.md) | COMMON STOCK | $630.3k | 0.5% | 6,586 |  | Unchanged |
| [HOME DEPOT INC SR GLBL NT (HD)](/companies/hd.md) | COMMON STOCK | $618.6k | 0.5% | 1,754 |  | Unchanged |
| VANGUARD SMALL CAP GROWTH ETF | MUTUAL FUND/STO | $605.2k | 0.5% | 1,655 |  | Unchanged |
| [BERKSHIRE HATHAWAY INC (BRK-B)](/companies/brk-b.md) | COMMON STOCK | $594.5k | 0.5% | 1,188 |  | Unchanged |
| [AMERICAN ELECTRIC POWER INC (AEP)](/companies/aep.md) | COMMON STOCK | $591.3k | 0.4% | 4,322 |  | Reduced −50 |
| VANGUARD HEALTH CARE ETF (MKT) | MUTUAL FUND/STO | $590.2k | 0.4% | 1,974 |  | Added +27 |
| [STATE STREET SPDR S&P 500 ETF (SPY)](/companies/spy.md) | MUTUAL FUND/STO | $588.5k | 0.4% | 788 |  | Reduced −7 |
| [META PLATFORMS INC (META)](/companies/meta.md) | COMMON STOCK | $575.1k | 0.4% | 1,021 |  | Unchanged |
| [VERIZON COMMUNICATIONS INC (VZ)](/companies/vz.md) | COMMON STOCK | $541.0k | 0.4% | 12,778 |  | Reduced −45 |
| STATE STREET FINANCIAL SELECT | MUTUAL FUND/STO | $538.8k | 0.4% | 10,051 |  | Reduced −770 |
| [ENBRIDGE INC (ENB)](/companies/enb.md) | FOREIGN STOCK | $534.8k | 0.4% | 9,865 |  | Unchanged |
| [ELI LILLY & CO (LLY)](/companies/lly.md) | COMMON STOCK | $533.7k | 0.4% | 445 |  | Added +90 |
| [BP PLC (BP)](/companies/bp.md) | FOREIGN STOCK | $533.5k | 0.4% | 14,438 |  | Unchanged |
| [NVIDIA CORPORATION (NVDA)](/companies/nvda.md) | COMMON STOCK | $511.8k | 0.4% | 2,558 |  | Reduced −1,748 |
| [ABBOTT LABORATORIES (ABT)](/companies/abt.md) | COMMON STOCK | $494.6k | 0.4% | 5,451 |  | Unchanged |
| [WALMART INC (WMT)](/companies/wmt.md) | COMMON STOCK | $459.7k | 0.3% | 4,059 |  | Unchanged |
| [EXELON CORP (EXC)](/companies/exc.md) | COMMON STOCK | $452.1k | 0.3% | 9,697 |  | Added +121 |
| [PHILIP MORRIS INTL INC (PM)](/companies/pm.md) | COMMON STOCK | $442.5k | 0.3% | 2,446 |  | Unchanged |
| MEDTRONIC PLC | FOREIGN STOCK | $438.1k | 0.3% | 5,600 |  | Unchanged |
| [PEPSICO INC (PEP)](/companies/pep.md) | COMMON STOCK | $429.1k | 0.3% | 3,169 |  | Reduced −158 |
| [MARRIOTT INTERNATIONAL INC (MAR)](/companies/mar.md) | COMMON STOCK | $419.1k | 0.3% | 1,131 |  | Unchanged |
| [ELEVANCE HEALTH (ELV)](/companies/elv.md) | COMMON STOCK | $414.2k | 0.3% | 1,071 |  | Reduced −232 |
| VANGUARD MID-CAP VALUE ETF (MKT) | MUTUAL FUND/STO | $387.7k | 0.3% | 1,962 |  | Unchanged |
| [AT&T INC (T)](/companies/t.md) | COMMON STOCK | $383.9k | 0.3% | 18,548 |  | Reduced −270 |
| [UNITED PARCEL SERVICE (UPS)](/companies/ups.md) | COMMON STOCK | $383.8k | 0.3% | 3,570 |  | Unchanged |
| [QUALCOMM INC (QCOM)](/companies/qcom.md) | COMMON STOCK | $365.9k | 0.3% | 1,980 |  | Unchanged |
| VANGUARD EMERGING MARKETS STOCK | MUTUAL FUND/STO | $352.8k | 0.3% | 5,910 |  | Unchanged |
| VANGUARD SMALL CAP VALUE ETF | MUTUAL FUND/STO | $341.6k | 0.3% | 1,406 |  | Unchanged |
| [ALTRIA GROUP INC (MO)](/companies/mo.md) | COMMON STOCK | $331.5k | 0.3% | 4,607 |  | Unchanged |
| [PAYCHEX INC (PAYX)](/companies/payx.md) | COMMON STOCK | $328.8k | 0.2% | 3,344 |  | Unchanged |
| [QUAKER CHEM CORP (KWR)](/companies/kwr.md) | COMMON STOCK | $328.1k | 0.2% | 2,065 |  | Unchanged |
| [DT MIDSTREAM INC (DTM)](/companies/dtm.md) | COMMON STOCK | $320.6k | 0.2% | 2,185 |  | Unchanged |
| VANGUARD TOTAL STOCK MARKET ETF | MUTUAL FUND/STO | $311.2k | 0.2% | 841 |  | Unchanged |
| VANGUARD TOTAL BOND MARKET ETF | MUTUAL FUND/COR | $303.0k | 0.2% | 4,128 |  | Reduced −3,203 |
| [EMERSON ELEC CO (EMR)](/companies/emr.md) | COMMON STOCK | $294.9k | 0.2% | 2,060 |  | Unchanged |
| ASTRAZENECA PLC | FOREIGN STOCK | $293.5k | 0.2% | 1,548 |  | Unchanged |
| [CSX CORP (CSX)](/companies/csx.md) | COMMON STOCK | $288.6k | 0.2% | 6,072 |  | Unchanged |
| [ADVANCED MICRO DEVICES INC (AMD)](/companies/amd.md) | COMMON STOCK | $284.6k | 0.2% | 490 |  | New +490 |
| [NORTHROP GRUMMAN CORP (NOC)](/companies/noc.md) | COMMON STOCK | $280.1k | 0.2% | 550 |  | Reduced −20 |
| [PFIZER INC (PFE)](/companies/pfe.md) | COMMON STOCK | $274.8k | 0.2% | 11,412 |  | Unchanged |
| [COSTCO WHOLESALE CORP (COST)](/companies/cost.md) | COMMON STOCK | $271.3k | 0.2% | 290 |  | Unchanged |
| LINDE PLC | FOREIGN STOCK | $268.3k | 0.2% | 517 |  | Unchanged |
| [CHEVRON CORP (CVX)](/companies/cvx.md) | COMMON STOCK | $266.7k | 0.2% | 1,609 |  | Unchanged |
| INVESCO VARIABLE RATE PREFERRED | MUTUAL FUND/COR | $266.1k | 0.2% | 10,945 |  | Unchanged |
| [CHIPOTLE MEXICAN GRILL INC (CMG)](/companies/cmg.md) | COMMON STOCK | $255.0k | 0.2% | 7,500 |  | Unchanged |
| [CISCO SYS INC (CSCO)](/companies/csco.md) | COMMON STOCK | $253.6k | 0.2% | 2,159 |  | New +2,159 |
| [INTERNATIONAL BUSINESS MACHS SR (IBM)](/companies/ibm.md) | COMMON STOCK | $253.1k | 0.2% | 900 |  | Unchanged |
| [GOLDMAN SACHS GROUP INC (GS)](/companies/gs.md) | COMMON STOCK | $245.8k | 0.2% | 243 |  | Unchanged |
| VANGUARD REAL ESTATE ETF | MUTUAL FUND/STO | $244.2k | 0.2% | 2,532 |  | Reduced −280 |
| INVESCO NASDAQ NXT GEN 100 | MUTUAL FUND/STO | $235.4k | 0.2% | 5,180 |  | New +5,180 |
| ISHARES RUSSELL 1000 GROWTH | MUTUAL FUND/STO | $232.4k | 0.2% | 1,872 |  | New +1,872 |
| [DEERE & COMPANY (DE)](/companies/de.md) | COMMON STOCK | $230.9k | 0.2% | 364 |  | Unchanged |
| [LOCKHEED MARTIN CORP (LMT)](/companies/lmt.md) | COMMON STOCK | $218.6k | 0.2% | 429 |  | Reduced −27 |
| [WEC ENERGY GROUP INC (WEC)](/companies/wec.md) | COMMON STOCK | $215.2k | 0.2% | 1,843 |  | Unchanged |
| [BRISTOL-MYERS SQUIBB CO (BMY)](/companies/bmy.md) | COMMON STOCK | $212.9k | 0.2% | 3,695 |  | Unchanged |
| [DOLLAR TREE INC (DLTR)](/companies/dltr.md) | COMMON STOCK | $209.2k | 0.2% | 1,730 |  | New +1,730 |
| [LAM RESEARCH CORP (LRCX)](/companies/lrcx.md) | COMMON STOCK | $203.7k | 0.2% | 470 |  | New +470 |
| ISHARES TIPS BOND (MKT) | MUTUAL FUND/GOV | $203.1k | 0.2% | 1,856 |  | Unchanged |
| [KEEL INFRASTRUCTURE CORP (KEEL)](/companies/keel.md) | COMMON STOCK | $77.4k | <0.1% | 13,485 |  | New +13,485 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| AMERICAN CENTURY DIVERSIFIED | MUTUAL FUNDS/MU | $0 | 0.0% | 0 |  | Sold out −5,379 |
| [BIONTECH SE (BNTX)](/companies/bntx.md) | FOREIGN STOCK | $0 | 0.0% | 0 |  | Sold out −2,935 |
| DIREXION DAILY S&P 500 BULL 3X | MUTUAL FUND/STO | $0 | 0.0% | 0 |  | Sold out −17,600 |
| INVESCO S&P 500 HIGH DIV LOW VOL | MUTUAL FUND/STO | $0 | 0.0% | 0 |  | Sold out −5,151 |
| KEEL INFRASTRUCTURE CORP | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −13,485 |
| PROSHARES ULTRAPRO QQQ | MUTUAL FUND/STO | $0 | 0.0% | 0 |  | Sold out −71,744 |

Source: SEC EDGAR, Form 13F-HR, accession 0001628280-26-048414. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.