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Finward Bancorp
FNWD

36 hedge funds and large institutions have $45.8M invested in Finward Bancorp in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 8

3% more capital invested

Capital invested by funds: $44.5M → $45.8M (+$1.34M)

0% more funds holding

Funds holding: 36 → 36 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

0.18% less ownership

Funds ownership: 36.73% → 36.55% (-0.18%)

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.48%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
2
Increased
11
Reduced
8
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCA
PL Capital Advisors
Florida
+$1.1M
2
Millennium Management
Millennium Management
New York
+$348K
3
AllianceBernstein
AllianceBernstein
Tennessee
+$254K
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$63.2K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$27.8K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$1.1M
2
BMCM
Black Maple Capital Management
Wisconsin
-$400K
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$193K
4
FB
Finward Bancorp
Indiana
-$188K
5
BlackRock
BlackRock
New York
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCA
1
PL Capital Advisors
Florida
$11.5M +$1.1M +40,000 +11%
AllianceBernstein
2
AllianceBernstein
Tennessee
$10.3M +$254K +9,246 +3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$4.9M +$4.57K +166 +0.1%
FB
4
Finward Bancorp
Indiana
$4.12M -$188K -6,837 -5%
ECA
5
Endeavour Capital Advisors
Connecticut
$2.9M – – –
FL
6
Fourthstone LLC
Missouri
$2.49M -$1.1M -40,145 -32%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$1.19M +$63.2K +2,298 +6%
CT
8
Caldwell Trust
Florida
$1.18M – – –
BMCM
9
Black Maple Capital Management
Wisconsin
$873K -$400K -14,554 -33%
RA
10
Raffles Associates
New York
$795K – – –
BlackRock
11
BlackRock
New York
$738K -$111K -4,038 -14%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$688K +$19.4K +707 +3%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$589K – – –
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$543K +$27.8K +1,011 +6%
Renaissance Technologies
15
Renaissance Technologies
New York
$495K -$13.8K -500 -3%
Northern Trust
16
Northern Trust
Illinois
$424K -$12.8K -464 -3%
State Street
17
State Street
Massachusetts
$393K – – –
Millennium Management
18
Millennium Management
New York
$368K +$348K +12,660 New
MFIM
19
Mesirow Financial Investment Management
Illinois
$310K – – –
PAG
20
Private Advisor Group
New Jersey
$244K – – –
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$230K +$743 +27 +0.3%
Qube Research & Technologies (QRT)
22
Qube Research & Technologies (QRT)
United Kingdom
$203K -$193K -7,002 -50%
UBS Group
23
UBS Group
Switzerland
$198K +$4.68K +170 +3%
Acadian Asset Management
24
Acadian Asset Management
Massachusetts
$49K – – –
Fifth Third Bancorp
25
Fifth Third Bancorp
Ohio
$29.1K – – –
1
2

FNWD Hedge Fund Activity: Q1 2025 in Review

36 of the 7,464 institutional investors tracked by Wall St. Rank reported a position in Finward Bancorp (FNWD) for Q1 2025, worth a combined $45.8M — up 3% from $44.5M a quarter earlier.

Fund positioning in FNWD was balanced in Q1 2025: 2 funds opened new positions, 2 closed out, 11 added to existing stakes and 8 trimmed.

The largest buyer was PL Capital Advisors, adding an estimated $1.1M. The largest seller was Fourthstone LLC, cutting an estimated $1.1M.

  • 36 institutional investors held Finward Bancorp (FNWD) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $45.8M of Finward Bancorp stock for Q1 2025, up 3% quarter-over-quarter.
  • 2 funds opened new Finward Bancorp positions in Q1 2025 and 2 closed out, a net change of 0 holders.
  • The largest Finward Bancorp buyer in Q1 2025 was PL Capital Advisors, an estimated $1.1M added.
  • The largest Finward Bancorp seller in Q1 2025 was Fourthstone LLC, an estimated $1.1M sold.

Based on aggregated 13F filings for Q1 2025.