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Finward Bancorp
FNWD

48 hedge funds and large institutions have $49.9M invested in Finward Bancorp in 2025 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

133% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 6

33% more funds holding

Funds holding: 36 → 48 (+12)

9% more capital invested

Capital invested by funds: $45.8M → $49.9M (+$4.08M)

5.23% more ownership

Funds ownership: 36.55% → 41.78% (+5.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
48
Holders Change
+12
Holders Change %
+33.33%
% of All Funds
0.63%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
14
Reduced
6
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$3.11M
2
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$813K
4
State Street
State Street
Massachusetts
+$594K
5
Northern Trust
Northern Trust
Illinois
+$547K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$901K
2
Millennium Management
Millennium Management
New York
-$368K
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$203K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$148K
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$49K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCA
1
PL Capital Advisors
Florida
$10.9M – – –
AllianceBernstein
2
AllianceBernstein
Tennessee
$9.74M -$44.5K -1,506 -0.4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$5.41M +$813K +27,529 +16%
FB
4
Finward Bancorp
Indiana
$3.91M -$7.89K -267 -0.2%
BlackRock
5
BlackRock
New York
$3.61M +$3.11M +105,389 +416%
ECA
6
Endeavour Capital Advisors
Connecticut
$2.75M – – –
Geode Capital Management
7
Geode Capital Management
Massachusetts
$2.26M +$1.2M +40,778 +100%
FL
8
Fourthstone LLC
Missouri
$1.52M -$901K -30,490 -36%
CT
9
Caldwell Trust
Florida
$1.12M – – –
State Street
10
State Street
Massachusetts
$928K +$594K +20,117 +149%
Northern Trust
11
Northern Trust
Illinois
$914K +$547K +18,517 +127%
BMCM
12
Black Maple Capital Management
Wisconsin
$829K – – –
RA
13
Raffles Associates
New York
$734K -$21.9K -741 -3%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$603K +$93.6K +3,167 +17%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$552K -$7.39K -250 -1%
Renaissance Technologies
16
Renaissance Technologies
New York
$516K +$50.2K +1,700 +10%
Susquehanna International Group
17
Susquehanna International Group
Pennsylvania
$514K -$148K -5,023 -21%
ONB
18
Old National Bancorp
Indiana
$442K +$473K +16,000 New
MFIM
19
Mesirow Financial Investment Management
Illinois
$295K – – –
Charles Schwab
20
Charles Schwab
California
$287K +$307K +10,381 New
Morgan Stanley
21
Morgan Stanley
New York
$263K +$256K +8,664 +999%
PAG
22
Private Advisor Group
New Jersey
$232K – – –
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$219K +$709 +24 +0.3%
Los Angeles Capital Management
24
Los Angeles Capital Management
California
$213K +$228K +7,725 New
Deutsche Bank
25
Deutsche Bank
Germany
$210K +$224K +7,587 New
1
2 3

FNWD Hedge Fund Activity: Q2 2025 in Review

48 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Finward Bancorp (FNWD) for Q2 2025, worth a combined $49.9M — up 8.9% from $45.8M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FNWD positions and 5 closed out — a net gain of 12 holders — while 14 added to existing stakes and 6 trimmed.

The largest buyer was BlackRock, adding an estimated $3.11M. The largest seller was Fourthstone LLC, cutting an estimated $901K.

  • 48 institutional investors held Finward Bancorp (FNWD) as of Q2 2025, up from 36 in Q1 2025.
  • Funds reported $49.9M of Finward Bancorp stock for Q2 2025, up 8.9% quarter-over-quarter.
  • 17 funds opened new Finward Bancorp positions in Q2 2025 and 5 closed out, a net change of +12 holders.
  • The largest Finward Bancorp buyer in Q2 2025 was BlackRock, an estimated $3.11M added.
  • The largest Finward Bancorp seller in Q2 2025 was Fourthstone LLC, an estimated $901K sold.

Based on aggregated 13F filings for Q2 2025.