Black Maple Capital Management’s Finward Bancorp FNWD Stock Holding History

Black Maple Capital Management’s Portfolio FNWD Stock Details FNWD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$533K	Sell	14,678 -6,564	-31%	-$241K	0.3%	57
2025 Q4	$748K	Sell	21,242 -8,758	-29%	-$308K	0.52%	35
2025 Q3	$963K	Hold	30,000	–	–	0.47%	37
2025 Q2	$829K	Hold	30,000	–	–	0.37%	38
2025 Q1	$873K	Sell	30,000 -14,554	-33%	-$400K	0.49%	39
2024 Q4	$1.25M	Sell	44,554 -26	-0.1%	-$805	0.66%	28
2024 Q3	$1.43M	Buy	44,580 +17,705	+66%	+$493K	0.94%	25
2024 Q2	$659K	Buy	26,875 +2,000	+8%	+$49.1K	0.43%	46
2024 Q1	$612K	Buy	+24,875	New	+$596K	0.37%	55

Other funds holding FNWD

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

PCA

PL Capital Advisors Naples, Florida $332M AUM 17.89% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Finward Bancorp Munster, Indiana $132M AUM 22.33% 1-Year Est. Return

ECA

Endeavour Capital Advisors Greenwich, Connecticut $441M AUM 21.38% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Black Maple Capital Management's FNWD Position: Q1 2026 in Review

Black Maple Capital Management reduced its Finward Bancorp (FNWD) stake by 31% in Q1 2026, selling an estimated $241K and leaving 14,678 shares worth $533K. The position accounts for 0.3% of the portfolio, ranked #57.

Black Maple Capital Management first reported a position in FNWD in Q1 2024 and has held it in 9 quarters since. The position peaked at $1.43M in Q3 2024. 77 funds tracked by Wall St. Rank hold FNWD as of Q1 2026.

Black Maple Capital Management held 14,678 shares of Finward Bancorp worth $533K as of Q1 2026.
Black Maple Capital Management sold 6,564 Finward Bancorp shares in Q1 2026, an estimated $241K.
Finward Bancorp made up 0.3% of Black Maple Capital Management's portfolio in Q1 2026, its #57 holding.
Black Maple Capital Management first reported a position in Finward Bancorp in Q1 2024 and has held it in 9 quarters since.
Black Maple Capital Management's Finward Bancorp position peaked at $1.43M in Q3 2024.
77 funds tracked by Wall St. Rank held Finward Bancorp as of Q1 2026.

Based on Black Maple Capital Management's 13F filing for Q1 2026, filed 15 May 2026.