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Finward Bancorp
FNWD

71 hedge funds and large institutions have $73.6M invested in Finward Bancorp in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 13 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

550% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 2

115% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 13

18% more funds holding

Funds holding: 60 → 71 (+11)

18% more capital invested

Capital invested by funds: $62.2M → $73.6M (+$11.4M)

3.51% more ownership

Funds ownership: 44.81% → 48.32% (+3.5%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
71
Holders Change
+11
Holders Change %
+18.33%
% of All Funds
0.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
28
Reduced
13
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$1.92M
2
UBS Group
UBS Group
Switzerland
+$433K
3
Citadel Advisors
Citadel Advisors
Florida
+$431K
4
TI
Trexquant Investment
Connecticut
+$360K
5
BlackRock
BlackRock
New York
+$334K

Top Sellers

Rank Fund Capital Flow
1
BMCM
Black Maple Capital Management
Wisconsin
-$308K
2
Northern Trust
Northern Trust
Illinois
-$82.1K
3
JP Morgan Chase
JP Morgan Chase
New York
-$35K
4
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
-$26.2K
5
FB
Finward Bancorp
Indiana
-$19.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
TI
26
Trexquant Investment
Connecticut
$360K +$360K +10,233 New
Bank of New York Mellon
27
Bank of New York Mellon
New York
$313K +$5.25K +149 +2%
PAG
28
Private Advisor Group
New Jersey
$295K – – –
Two Sigma Investments
29
Two Sigma Investments
New York
$286K +$286K +8,129 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$280K +$704 +20 +0.3%
Marshall Wace
31
Marshall Wace
United Kingdom
$280K +$280K +7,950 New
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$237K +$237K +6,742 New
American Century Companies
33
American Century Companies
Missouri
$225K +$226K +6,406 New
Barclays
34
Barclays
United Kingdom
$190K +$19K +541 +11%
Wells Fargo
35
Wells Fargo
California
$135K +$42.8K +1,216 +46%
Bank of America
36
Bank of America
North Carolina
$97.3K +$29.9K +850 +44%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$89.1K -$26.2K -745 -23%
New York State Common Retirement Fund
38
New York State Common Retirement Fund
New York
$87K – – –
Russell Investments Group
39
Russell Investments Group
United Kingdom
$66.8K +$19.9K +566 +42%
BNP Paribas Financial Markets
40
BNP Paribas Financial Markets
France
$58.8K +$13.3K +379 +29%
JP Morgan Chase
41
JP Morgan Chase
New York
$58.7K -$35K -994 -37%
Mirae Asset Global ETFs Holdings
42
Mirae Asset Global ETFs Holdings
Hong Kong
$56.4K -$598 -17 -1%
PFSRSONJ
43
Police & Firemen's Retirement System of New Jersey
New Jersey
$42.9K – – –
Fifth Third Bancorp
44
Fifth Third Bancorp
Ohio
$35.2K – – –
Carson Wealth (CWM LLC)
45
Carson Wealth (CWM LLC)
Nebraska
$32K +$10.4K +295 +49%
Federated Hermes
46
Federated Hermes
Pennsylvania
$27.7K +$3.27K +93 +13%
SOADOR
47
State of Alaska Department of Revenue
Alaska
$20K +$20.4K +579 New
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$19K +$12.1K +345 +186%
TC
49
Trust Company
Kansas
$17.6K +$17.6K +500 New
AIP
50
Ameritas Investment Partners
Nebraska
$12.3K – – –
1
2
3

FNWD Hedge Fund Activity: Q4 2025 in Review

71 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Finward Bancorp (FNWD) for Q4 2025, worth a combined $73.6M — up 18% from $62.2M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FNWD positions and 2 closed out — a net gain of 11 holders — while 28 added to existing stakes and 13 trimmed.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $1.92M. The largest seller was Black Maple Capital Management, cutting an estimated $308K.

  • 71 institutional investors held Finward Bancorp (FNWD) as of Q4 2025, up from 60 in Q3 2025.
  • Funds reported $73.6M of Finward Bancorp stock for Q4 2025, up 18% quarter-over-quarter.
  • 13 funds opened new Finward Bancorp positions in Q4 2025 and 2 closed out, a net change of +11 holders.
  • The largest Finward Bancorp buyer in Q4 2025 was Goldman Sachs, an estimated $1.92M added.
  • The largest Finward Bancorp seller in Q4 2025 was Black Maple Capital Management, an estimated $308K sold.

Based on aggregated 13F filings for Q4 2025.