Raffles Associates’s Finward Bancorp FNWD Stock Holding History

Raffles Associates’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	$965K	Hold	26,580	–	–	0.84%	29
2025 Q4	$935K	Hold	26,580	–	–	0.7%	36
2025 Q3	$853K	Hold	26,580	–	–	0.79%	31
2025 Q2	$734K	Sell	26,580 -741	-3%	-$21.9K	0.76%	29
2025 Q1	$795K	Hold	27,321	–	–	0.97%	26
2024 Q4	$768K	Hold	27,321	–	–	0.83%	28
2024 Q3	$874K	Hold	27,321	–	–	0.9%	27
2024 Q2	$670K	Hold	27,321	–	–	0.75%	28
2024 Q1	$672K	Hold	27,321	–	–	0.78%	28
2023 Q4	$690K	Sell	27,321 -101	-0.4%	-$2.16K	0.87%	30
2023 Q3	$607K	Sell	27,422 -450	-2%	-$10.2K	0.8%	28
2023 Q2	$613K	Hold	27,872	–	–	0.82%	29
2023 Q1	$811K	Hold	27,872	–	–	1.1%	25
2022 Q4	$1.01M	Hold	27,872	–	–	1.18%	20
2022 Q3	$948K	Hold	27,872	–	–	1.01%	26
2022 Q2	$1.04M	Hold	27,872	–	–	1.14%	22
2022 Q1	$1.29M	Buy	+27,872	New	+$1.31M	1.32%	18

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

Raffles Associates's FNWD Position: Q1 2026 in Review

Raffles Associates held its Finward Bancorp (FNWD) position steady in Q1 2026 at 26,580 shares worth $965K. The position accounts for 0.84% of the portfolio, ranked #29.

Raffles Associates first reported a position in FNWD in Q1 2022 and has held it in 17 quarters since. The position peaked at $1.29M in Q1 2022. 77 funds tracked by Wall St. Rank hold FNWD as of Q1 2026.

Raffles Associates held 26,580 shares of Finward Bancorp worth $965K as of Q1 2026.
Raffles Associates left its Finward Bancorp share count unchanged in Q1 2026.
Finward Bancorp made up 0.84% of Raffles Associates's portfolio in Q1 2026, its #29 holding.
Raffles Associates first reported a position in Finward Bancorp in Q1 2022 and has held it in 17 quarters since.
Raffles Associates's Finward Bancorp position peaked at $1.29M in Q1 2022.
77 funds tracked by Wall St. Rank held Finward Bancorp as of Q1 2026.

Based on Raffles Associates's 13F filing for Q1 2026, filed 15 May 2026.