61% buyers of institutions opening or closing positions this quarter
4 more new buyers than exits, ownership rose 1.38 percentage points vs the prior quarter, and 1 well-known fund manager in the top 25.
61% buyers of institutions opening or closing positions this quarter
50.4% institutional ownership
PL Capital Advisors, portfolio allocation
Institutional ownership vs Banks - Regional peers
No Form 4 insider transactions on file
Latest positioning in FNWD across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in FNWD held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ALLIANCEBERNSTEIN L.P. | 414K | $14.6M | +0.2% | 9.554% | 0.00% |
| 2 | PL Capital Advisors, LLC | 396K | $14.4M | 0.0% | 9.138% | 4.33% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 162K | $5.9M | — | 3.748% | 0.00% |
| 4 | BlackRock, Inc. | 160K | $5.8M | -0.9% | 3.700% | 0.00% |
| 5 | Finward Bancorp | 132K | $4.8M | -3.5% | 3.038% | 3.82% |
| 6 | ENDEAVOUR CAPITAL ADVISORS INC | 100K | $3.6M | 0.0% | 2.299% | 0.82% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 81K | $2.9M | -1.6% | 1.862% | 0.00% |
| 8 | WELLINGTON MANAGEMENT GROUP LLP | 55K | $2.0M | +2.1% | 1.275% | 0.00% |
| 9 | GOLDMAN SACHS GROUP INC | 54K | $2.0M | -0.3% | 1.257% | 0.00% |
| 10 | STATE STREET CORP | 50K | $1.8M | +5.7% | 1.149% | 0.00% |
| 11 | RENAISSANCE TECHNOLOGIES LLC | 45K | $1.6M | -8.8% | 1.042% | 0.00% |
| 12 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 45K | $1.6M | — | 1.031% | 0.00% |
| 13 | Caldwell Trust Co | 40K | $1.5M | 0.0% | 0.934% | 0.13% |
| 14 | NORTHERN TRUST CORP | 30K | $1.1M | +3.3% | 0.697% | 0.00% |
| 15 | RAFFLES ASSOCIATES LP | 27K | $965K | 0.0% | 0.614% | 0.84% |
| 16 | DIMENSIONAL FUND ADVISORS LP | 24K | $878K | +5.7% | 0.558% | 0.00% |
| 17 | VANGUARD FIDUCIARY TRUST CO | 23K | $853K | — | 0.543% | 0.00% |
| 18 | PNC FINANCIAL SERVICES GROUP, INC. | 20K | $728K | +0.0% | 0.463% | 0.00% |
| 19 | VANGUARD PORTFOLIO MANAGEMENT LLC | 20K | $719K | — | 0.458% | 0.00% |
| 20 | OLD NATIONAL BANCORP /IN/ | 16K | $581K | 0.0% | 0.369% | 0.01% |
| 21 | AQR CAPITAL MANAGEMENT LLC | 16K | $573K | +2.9% | 0.365% | 0.00% |
| 22 | Black Maple Capital Management LP | 15K | $533K | -30.9% | 0.339% | 0.30% |
| 23 | MORGAN STANLEY | 12K | $442K | -10.3% | 0.281% | 0.00% |
| 24 | Mesirow Financial Investment Management, Inc. | 11K | $387K | 0.0% | 0.246% | 0.01% |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 10K | $362K | -3.8% | 0.231% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in FNWD — a direct measure of their conviction.
Filings activity in FNWD during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new FNWD position in Q1 2026
Institutions that fully closed their FNWD position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 74 | +5.7% | 50.40% | +1.38 pp | $74M | +2.8% |
| Q4 2025 | 70 | +23% | 49.02% | +7.69 pp | $72M | +19% |
| Q3 2025 | 57 | +19% | 41.33% | +8.52 pp | $61M | +26% |
| Q2 2025 | 48 | +33% | 32.81% | +2.66 pp | $48M | +8.8% |
| Q1 2025 | 36 | 2.7% | 30.15% | +7.42 pp | $44M | +33% |
| Q4 2024 | 37 | +16% | 22.73% | 6.37 pp | $33M | 22% |
| Q3 2024 | 32 | +19% | 29.10% | +7.57 pp | $43M | +35% |
| Q2 2024 | 27 | — | 21.53% | — | $32M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for FNWD.
Quick answers to the most common questions about buying FNWD stock.
Based on Q1 2026 13F filings, institutional ownership of Finward Bancorp stands at 50.4%, held across 74 reporting institutions.
ALLIANCEBERNSTEIN L.P. is the largest reported institutional holder of FNWD, with approximately 413,735 shares worth $0.01B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of FNWD, including RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for FNWD is 62 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
11 institutions opened new positions in FNWD during Q1 2026, while 7 fully exited. 46 added to existing positions and 16 trimmed.
FNWD institutional ownership rose by 1.38 percentage points quarter-over-quarter, with a net change of +4 holders.
The top 10 institutions account for 77.8% of all reported 13F value in FNWD, and the top 25 account for 95.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.