Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Finward Bancorp

CIK 0000919864FNWD· quarter ending 2026-06-30

Shares outstanding

4,333,002

as of 2026-08-07 · 10-Q cover page, filed 2026-08-13

Held by 13F filers

2,027,324

46.8% of shares outstanding

Holders

-6 vs 2026-03-31 · 14 new, 20 exited

Value

$74.4M

shares -3.2% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-13, as of 2026-08-07)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	FNWD · NASDAQ	4,333,002	2,027,324	46.8%	71	31812F109

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	31812F109	COM	71	2,027,324	4,333,002	46.8%	$74.4M	—	13DG	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (71 of 71 · 31812F109)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	ALLIANCEBERNSTEIN L.P.	417,190	9.63%	$15.1M	+3,455 (+0.8%)
2	PL Capital Advisors, LLC	395,716	9.13%	$14.6M	—
3	VANGUARD CAPITAL MANAGEMENT LLC	162,149	3.74%	$6.0M	-153 (-0.1%)
4	Finward Bancorp	131,360	3.03%	$4.8M	-200 (-0.2%)
5	ENDEAVOUR CAPITAL ADVISORS INC	99,543	2.30%	$3.7M	—
6	Elizabeth Park Capital Advisors, Ltd.	57,622	1.33%	$2.1M	NEW
7	WELLINGTON MANAGEMENT GROUP LLP	53,656	1.24%	$2.0M	-1,554 (-2.8%)
8	RAFFLES ASSOCIATES LP	53,160	1.23%	$2.0M	+26,580 (+100.0%)
9	RENAISSANCE TECHNOLOGIES LLC	45,300	1.05%	$1.7M	+200 (+0.4%)
10	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	44,940	1.04%	$1.7M	+300 (+0.7%)
11	GEODE CAPITAL MANAGEMENT, LLC	41,970	0.97%	$1.5M	-38,680 (-48.0%)
12	ACADIAN ASSET MANAGEMENT LLC	41,375	0.95%	$1.5M	+561 (+1.4%)
13	Caldwell Trust Co	40,430	0.93%	$1.5M	—
14	MILLENNIUM MANAGEMENT LLC	36,086	0.83%	$1.3M	NEW
15	FIFTH THIRD BANCORP	29,805	0.69%	$1.1M	+28,805 (+2880.5%)
16	DIMENSIONAL FUND ADVISORS LP	23,881	0.55%	$878K	-297 (-1.2%)
17	VANGUARD FIDUCIARY TRUST CO	23,808	0.55%	$876K	+310 (+1.3%)
18	Fiduciary Trust Co	23,330	0.54%	$858K	+13,640 (+140.8%)
19	BlackRock, Inc.	22,503	0.52%	$828K	-137,740 (-86.0%)
20	Fourthstone LLC	20,976	0.48%	$771K	NEW
21	PNC Financial Services Group, Inc.	20,033	0.46%	$737K	-13 (-0.1%)
22	AQR CAPITAL MANAGEMENT LLC	19,760	0.46%	$727K	+3,970 (+25.1%)
23	STATE STREET CORP	16,520	0.38%	$608K	-33,246 (-66.8%)
24	CITADEL ADVISORS LLC	16,110	0.37%	$593K	+10,401 (+182.2%)
25	OLD NATIONAL BANCORP /IN/	15,999	0.37%	$588K	—
26	JANE STREET GROUP, LLC	15,687	0.36%	$577K	NEW
27	Squarepoint Ops LLC	13,937	0.32%	$513K	NEW
28	Black Maple Capital Management LP	12,197	0.28%	$449K	-2,481 (-16.9%)
29	Mesirow Financial Investment Management, Inc.	10,667	0.25%	$392K	—
30	SUSQUEHANNA INTERNATIONAL GROUP, LLP	10,509	0.24%	$387K	+1,343 (+14.7%)
31	GOLDMAN SACHS GROUP INC	9,684	0.22%	$356K	-44,733 (-82.2%)
32	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	9,571	0.22%	$352K	NEW
33	MORGAN STANLEY	9,440	0.22%	$347K	-2,742 (-22.5%)
34	UBS Group AG	8,907	0.21%	$328K	-531 (-5.6%)
35	NORTHERN TRUST CORP	8,541	0.20%	$314K	-21,638 (-71.7%)
36	Private Advisor Group, LLC	8,384	0.19%	$308K	—
37	COMMONWEALTH EQUITY SERVICES, LLC	8,001	0.18%	$294K	+21 (+0.3%)
38	Qube Research & Technologies Ltd	7,328	0.17%	$270K	NEW
39	AMERICAN CENTURY COMPANIES INC	6,517	0.15%	$240K	—
40	TWO SIGMA INVESTMENTS, LP	6,306	0.15%	$232K	NEW
41	Quadrature Capital Ltd	6,289	0.15%	$231K	NEW
42	Daytona Street Capital LLC	6,000	0.14%	$216K	NEW
43	Aster Capital Management (DIFC) Ltd	5,910	0.14%	$217K	NEW
44	NEW YORK STATE COMMON RETIREMENT FUND	1,873	0.04%	$69K	-600 (-24.3%)
45	Russell Investments Group, Ltd.	1,771	0.04%	$65K	-355 (-16.7%)
46	Vanguard Global Advisers, LLC	1,289	0.03%	$47K	—
47	LOS ANGELES CAPITAL MANAGEMENT LLC	883	0.02%	$32K	NEW
48	FEDERATED HERMES, INC.	805	0.02%	$30K	+12 (+1.5%)
49	State of Alaska, Department of Revenue	579	0.01%	$21K	—
50	ROYAL BANK OF CANADA	546	0.01%	$20K	+246 (+82.0%)
51	Trust Co	500	0.01%	$18K	—
52	Arax Advisory Partners	457	0.01%	$17K	+456 (+45600.0%)
53	Johnson Financial Group, Inc.	311	0.01%	$11K	—
54	HORIZON BANCORP INC /IN/	268	0.01%	$10K	—
55	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	227	0.01%	$8K	—
56	FMR LLC	196	0.00%	$7K	-5 (-2.5%)
57	BARCLAYS PLC	133	0.00%	$5K	-822 (-86.1%)
58	HUNTINGTON NATIONAL BANK	88	0.00%	$3K	—
59	EverSource Wealth Advisors, LLC	50	0.00%	$2K	-4 (-7.4%)
60	JPMORGAN CHASE & CO	49	0.00%	$2K	-1,346 (-96.5%)
61	IFP Advisors, Inc	48	0.00%	$2K	+11 (+29.7%)
62	Essential Partners LLC	47	0.00%	$2K	-213 (-81.9%)
63	BNP PARIBAS FINANCIAL MARKETS	28	0.00%	$1K	-790 (-96.6%)
64	Allworth Financial LP	24	0.00%	$883	+11 (+84.6%)
65	Capital Advisors, Ltd. LLC	19	0.00%	$1K	—
66	True Wealth Design, LLC	14	0.00%	$515	—
67	Covestor Ltd	8	0.00%	$0	NEW
68	Farther Finance Advisors, LLC	7	0.00%	$256	+1 (+16.7%)
69	ROTHSCHILD INVESTMENT LLC	5	0.00%	$184	+3 (+150.0%)
70	Basecamp Wealth Advisors LLC	1	0.00%	$37	-1 (-50.0%)
71	Fortitude Family Office, LLC	1	0.00%	$37	NEW

Exited since 2026-03-31 (20 filers; largest 20 shown)

VANGUARD PORTFOLIO MANAGEMENT LLC	−19,820
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	−9,982
Bank of New York Mellon Corp	−8,076
Trexquant Investment LP	−7,965
RHUMBLINE ADVISERS	−2,474
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	−1,638
DEUTSCHE BANK AG\	−1,532
WELLS FARGO & COMPANY/MN	−1,296
Police & Firemen's Retirement System of New Jersey	−1,219
CWM, LLC	−897
Tower Research Capital LLC (TRC)	−665
Ameritas Investment Partners, Inc.	−350
Legal & General Group Plc	−309
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	−186
CITIGROUP INC	−159
Sterling Capital Management LLC	−114
MAI Capital Management	−11
GAMMA Investing LLC	−9
Sunbelt Securities, Inc.	−1
Root Financial Partners, LLC	−1

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
AllianceBernstein L.P.	SCHEDULE 13G/A	2025-11-14	2025-09-30	403,704	9.3%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.