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Finward Bancorp

9204 COLUMBIA AVE, MUNSTER, IN 46321 • 219 836-9690

Q4 2025 · Filed 2026-01-21
Market Value
$129M
-2.2%
Holdings
110
+2
New Purchases
5
Added To
16
Closed
7
Reduced
47
Top 10 Concentration
44.3%
Turnover
10.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPXL 3.02% 0.00% +3.02% $4M
SKOR 5.56% 4.27% +1.29% $7M
VOO 5.94% 5.44% +0.50% $8M
FNWD 3.73% 3.34% +0.39% $5M
VIG 2.23% 1.94% +0.30% $3M
AAPL 3.86% 3.57% +0.29% $5M
TAXF 0.21% 0.00% +0.21% $271K
JNJ 1.70% 1.49% +0.21% $2M
DHR 0.18% 0.00% +0.18% $229K
QQQ 3.48% 3.31% +0.17% $4M
GS 0.17% 0.00% +0.17% $214K
DLTR 0.17% 0.00% +0.17% $213K
GOOGL 0.57% 0.44% +0.13% $735K
VIGI 1.11% 0.98% +0.13% $1M
XLK 1.38% 1.29% +0.09% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TQQQ 2.94% 8.00% -5.05% $4M
MSFT 6.37% 6.87% -0.50% $8M
COST 0.60% 0.93% -0.34% $767K
CMG 0.26% 0.55% -0.29% $333K
FI 0.00% 0.27% -0.27% $0
MFC 0.00% 0.26% -0.26% $0
NVDA 0.95% 1.18% -0.23% $1M
ADBE 0.00% 0.23% -0.23% $0
NSC 0.00% 0.16% -0.16% $0
WEC 0.00% 0.16% -0.16% $0
LOW 0.00% 0.16% -0.16% $0
NOBL 1.37% 1.52% -0.15% $2M
MUA 0.00% 0.13% -0.13% $0
PG 0.83% 0.95% -0.11% $1M
HD 0.47% 0.54% -0.07% $604K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 65.5%
Technology 9.9%
Healthcare 5.5%
Utilities 4.6%
Consumer Defensive 3.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 35 $54M 41.9%
Large Cap 61 $44M 34.2%
Mid Cap 9 $18M 14.3%
Small Cap 4 $7M 5.8%
Micro Cap 1 $5M 3.7%

Portfolio Analytics

Avg Market Cap
$379.8B
Median Market Cap
$105.1B
Avg P/E
26.8
Median P/E
23.8
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
67
# ETFs / Funds
43

Top Holdings (110 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 6.37% 16,923 $8M $483.62 -$840K -500 -2.9%
2 VOO 5.94% 12,177 $8M $627.13 $491K +508 +4.3%
3 SKOR 5.56% 145,567 $7M $49.13 $2M +31,635 +27.8%
4 CWB 4.80% 69,170 $6M $89.20 -$214K -1,368 -1.9%
5 VUG 4.60% 12,118 $6M $487.86 -$34K -280 -2.3%
6 AAPL 3.86% 18,258 $5M $271.86 $273K -162 -0.9%
7 FNWD 3.73% 136,288 $5M $35.19 $405K -554 -0.4%
8 QQQ 3.48% 7,277 $4M $614.31 $125K +39 +0.5%
9 SPXL 3.02% 17,600 $4M $220.61 +17,600 NEW
10 TQQQ 2.94% 71,744 $4M $52.72 -$7M -29,868 -29.4%
11 SPGP 2.53% 28,564 $3M $113.86 -$120K -1,113 -3.8%
12 VIG 2.23% 13,061 $3M $219.78 $325K +1,265 +10.7%
13 MGK 2.04% 6,341 $3M $412.77 $33K -82 -1.3%
14 JNJ 1.70% 10,561 $2M $206.95 $225K -11 -0.1%
15 JPM 1.66% 6,609 $2M $322.22 $24K -65 -1.0%
16 FVD 1.65% 45,985 $2M $46.08 -$45K -816 -1.7%
17 VGT 1.65% 2,808 $2M $753.78 -$37K -76 -2.6%
18 MGV 1.48% 13,502 $2M $141.16 $31K -112 -0.8%
19 IJH 1.46% 28,456 $2M $66.00 -$5K -405 -1.4%
20 XLK 1.38% 12,304 $2M $143.97 $81K +6,307 +105.2%
21 NOBL 1.37% 16,863 $2M $104.07 -$238K -2,469 -12.8%
22 ABBV 1.17% 6,566 $2M $228.49 -$20K
23 VIGI 1.11% 15,619 $1M $91.45 $135K +1,177 +8.2%
24 VYM 1.04% 9,353 $1M $143.52 -$102K -891 -8.7%
25 WPM 1.04% 11,400 $1M $117.52 $65K
26 MCD 1.00% 4,189 $1M $305.63 $4K -12 -0.3%
27 AMZN 0.96% 5,318 $1M $230.82 $52K -36 -0.7%
28 NVDA 0.95% 6,556 $1M $186.50 -$325K -1,737 -20.9%
29 NI 0.92% 28,258 $1M $41.76 -$222 +1,000 +3.7%
30 IJR 0.90% 9,597 $1M $120.18 $45K +267 +2.9%
31 PG 0.83% 7,483 $1M $143.31 -$172K -616 -7.6%
32 KO 0.81% 14,852 $1M $69.91 $49K -66 -0.4%
33 VOT 0.77% 3,535 $987K $279.14 -$52K
34 GLD 0.74% 2,390 $947K $396.31 $98K
35 WELL 0.74% 5,096 $946K $185.61 -$13K -285 -5.3%
36 V 0.71% 2,615 $917K $350.71 $24K
37 XOM 0.61% 6,512 $784K $120.34 -$12K -547 -7.8%
38 ETR 0.61% 8,460 $782K $92.43 -$6K
39 DTE 0.60% 6,000 $774K $128.98 -$75K
40 COST 0.60% 890 $767K $862.34 -$460K -436 -32.9%
41 XLI 0.59% 4,888 $758K $155.12 $24K +130 +2.7%
42 GOOGL 0.57% 2,348 $735K $313.00 $152K -50 -2.1%
43 VTV 0.56% 3,791 $724K $190.99 $47K +163 +4.5%
44 AGG 0.55% 7,132 $712K $99.88 -$3K
45 DUK 0.54% 5,943 $697K $117.21 -$52K -105 -1.7%
46 FDL 0.54% 15,656 $694K $44.34 $4K -250 -1.6%
47 ABT 0.54% 5,501 $689K $125.29 -$48K
48 META 0.52% 1,021 $674K $660.09 -$63K +18 +1.8%
49 BND 0.47% 8,231 $610K $74.07 -$25K -298 -3.5%
50 HD 0.47% 1,754 $604K $344.10 -$107K
51 BRK-B 0.46% 1,188 $597K $502.65 -$22K -43 -3.5%
52 XLF 0.46% 10,881 $596K $54.77 $35K +465 +4.5%
53 EFA 0.46% 6,137 $589K $96.03 $9K -80 -1.3%
54 TRV 0.45% 2,000 $580K $290.06 $22K
55 VHT 0.45% 2,002 $576K $287.85 $57K
56 SO 0.45% 6,586 $574K $87.20 -$59K -100 -1.5%
57 SPY 0.42% 793 $541K $681.92 -$6K -28 -3.4%
58 MDT 0.42% 5,600 $538K $96.06 $5K
59 VBK 0.41% 1,743 $527K $302.11 -$9K -58 -3.2%
60 VZ 0.41% 12,922 $526K $40.73 -$48K -135 -1.0%
61 AEP 0.40% 4,412 $509K $115.31 -$9K -190 -4.1%
62 BP 0.39% 14,438 $501K $34.73 -$2K -166 -1.1%
63 PEP 0.38% 3,429 $492K $143.52 -$15K -182 -5.0%
64 ENB 0.37% 9,865 $472K $47.83 -$27K -20 -0.2%
65 T 0.37% 18,948 $471K $24.84 -$42K +790 +4.3%
66 ANTM 0.36% 1,303 $457K $350.55 $36K
67 WMT 0.35% 4,059 $452K $111.41 $34K
68 VB 0.34% 1,717 $443K $257.95 $32K +100 +6.2%
69 EXC 0.32% 9,576 $417K $43.59 -$14K
70 PM 0.31% 2,521 $404K $160.40 -$13K -51 -2.0%
71 LLY 0.30% 355 $382K $1,074.68 $111K
72 PAYX 0.29% 3,344 $375K $112.18 -$49K
73 VOE 0.28% 2,007 $356K $177.37 $363 -30 -1.5%
74 UPS 0.28% 3,570 $354K $99.19 $56K
75 MAR 0.27% 1,131 $351K $310.24 $43K -53 -4.5%
76 VBR 0.27% 1,626 $344K $211.79 $5K
77 QCOM 0.26% 1,980 $339K $171.05 $9K
78 CMG 0.26% 9,000 $333K $37.00 -$389K -9,432 -51.2%
79 VWO 0.25% 6,090 $327K $53.76 -$19K -309 -4.8%
80 NOC 0.25% 570 $325K $570.21 -$22K
81 SPHD 0.25% 6,721 $323K $48.00 -$51K -826 -10.9%
82 INTC 0.23% 7,874 $291K $36.90 $26K
83 PFE 0.22% 11,412 $284K $24.90 -$7K
84 KWR 0.22% 2,065 $284K $137.31 $11K
85 VTI 0.22% 841 $282K $335.27 $16K +30 +3.7%
86 BNTX 0.22% 2,940 $280K $95.20 -$11K -10 -0.3%
87 EMR 0.21% 2,060 $273K $132.72 $3K
88 TAXF 0.21% 5,379 $271K $50.40 +5,379 NEW
89 IBM 0.21% 900 $267K $296.21 $13K
90 VRP 0.21% 10,945 $266K $24.33 $16K +810 +8.0%
91 MO 0.21% 4,607 $266K $57.66 -$41K -35 -0.8%
92 DTM 0.20% 2,185 $262K $119.68 $14K
93 VNQ 0.20% 2,862 $253K $88.49 -$16K -87 -3.0%
94 CVX 0.19% 1,609 $245K $152.41 -$5K
95 DHR 0.18% 1,000 $229K $228.92 +1,000 NEW
96 IWF 0.17% 468 $222K $473.30 $2K
97 LMT 0.17% 456 $221K $483.67 -$7K
98 LIN 0.17% 517 $220K $426.39 -$25K
99 CSX 0.17% 6,072 $220K $36.25 $4K
100 GS 0.17% 243 $214K $879.00 +243 NEW

New Positions

SymbolValue% Port
SPXL $4M 3.02%
TAXF $271K 0.21%
DHR $229K 0.18%
GS $214K 0.17%
DLTR $213K 0.17%

Sold Out Positions

SymbolValue% Port
MFC —%
LOW —%
WEC —%
NSC —%
ADBE —%
MUA —%
FI —%
View SEC EDGAR Filings for Finward Bancorp →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms