Finward Bancorp

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 18, 2025), Finward Bancorp reported 101 stock positions worth $126.6 million. Its top holding was Proshares Ultrapro QQQ (TQQQ) at 9.9% of the portfolio, followed by Microsoft (MSFT, 6.8%) and Vanguard S&P 500 ETF (VOO, 5.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 18 and reduced 39. The biggest buy was NT Crdscr US Corp. BD ETF (SKOR, shares +49%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
Munster, IN
CIK
0000919864
Portfolio Value
$126.6M (Q2 2025)
SEC Filing
0001628280-25-040666 ↗ filed Aug 18, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $115.3M Q4 2024 Q1 2025: $115.4M Q1 2025 Q2 2025: $126.6M $126.6M Q2 2025 Q3 2025: $131.6M Q3 2025 Q4 2025: $128.8M Q4 2025 Q1 2026: $125.1M Q1 2026 Q2 2026: $131.9M Q2 2026

Holdings 101 stocks · $126.6M
TQQQ Proshares Ultrapro QQQ 9.92% 151,262 $12.6M Reduce -0.5%
MSFT Microsoft Corp. 6.84% 17,406 $8.7M Reduce -0.7%
VOO Vanguard S&P 500 ETF 5.02% 11,182 $6.4M Add +4.9%
CWB SS SPDR BB Conv Sec ETF 4.91% 75,258 $6.2M Reduce -1.2%
VUG Vanguard Mrngstar GR ETF-Sui 4.67% 13,478 $5.9M Reduce -0.0%
QQQ Invesco QQQ Trust Series 1 3.13% 7,173 $4.0M Add +6.0%
FNWD Finward Bancorp 3.08% 141,406 $3.9M Reduce -0.2%
AAPL Apple Inc. 3.05% 18,841 $3.9M Reduce -3.4%
SPGP Invesco S&P 500 Garp ETF 2.93% 34,402 $3.7M Reduce -1.2%
SKOR NT Crdscr US Corp. BD ETF 2.65% 68,738 $3.4M Add +48.8%
VIG Vanguard Dividend Apprec ETF 1.84% 11,356 $2.3M Add +7.7%
FVD First Trust Value Line DVD 1.77% 50,136 $2.2M Reduce -0.1%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.73% 5,985 $2.2M Add +2.7%
VGT Vanguard Info Tech ETF 1.60% 3,050 $2.0M Reduce -0.3%
NOBL Proshares S&P 500 Dividend A 1.54% 19,322 $1.9M Add +1.7%
JPM JPMorgan Chase & Co. 1.53% 6,699 $1.9M Reduce -0.3%
IJH iShares Core S&P Midcap ETF 1.44% 29,300 $1.8M Reduce -0.1%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 1.43% 13,827 $1.8M Add +2.0%
JNJ Johnson & Johnson 1.30% 10,798 $1.6M Add +1.0%
XLK SS Technology Select Sector 1.15% 5,755 $1.5M Reduce -0.3%
PG The Procter & Gamble Co. 1.09% 8,680 $1.4M Reduce -2.3%
COST Costco Wholesale Corp. 1.04% 1,326 $1.3M No change
MCD McDonald's Corp. 1.01% 4,361 $1.3M Reduce -5.0%
VYM Vanguard High DVD Yield ETF 0.98% 9,353 $1.2M Reduce -2.3%
VIGI Vanguard Int Div App Indx FD 0.98% 13,726 $1.2M Add +11.4%
NVDA Nvidia Corp. 0.98% 7,819 $1.2M No change
ABBV Abbvie Inc. 0.97% 6,616 $1.2M No change
AMZN Amazon.com Inc. 0.92% 5,296 $1.2M No change
NI Nisource Inc. 0.88% 27,729 $1.1M Reduce -0.3%
KO The Coca-Cola Co. 0.88% 15,677 $1.1M Add +3.3%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.86% 3,825 $1.1M Add +0.3%
CMG Chipotle Mexican Grill Inc. 0.82% 18,432 $1.0M No change
WPM Wheaton Precious Metals Corp. 0.81% 11,400 $1.0M No change
BND Vanguard Total Bond Market 0.80% 13,719 $1.0M No change
FDL First Trust Morn DVD Lead Inc. 0.74% 22,517 $943K No change
IJR iShares Core S&P Small-Cap E 0.73% 8,490 $928K Add +8.7%
AGG iShares Core U.S. Aggregate 0.72% 9,192 $912K No change
V Visa Inc. Class A 0.72% 2,565 $911K Reduce -2.3%
WELL Welltower Inc. 0.69% 5,718 $879K Reduce -4.3%
GVI iShares Intermediate Governm 0.67% 7,900 $844K No change
DTE DTE Energy Company 0.63% 6,000 $795K No change
XOM Exxon Mobil Corp. 0.60% 7,059 $761K Reduce -8.6%
GLD SPDR Gold Shares 0.60% 2,473 $754K Reduce -8.8%
XLI SS Industrial Select Sector 0.59% 5,100 $752K Reduce -1.1%
ABT Abbott Laboratories 0.59% 5,501 $748K No change
META Meta Platforms Inc. Class A 0.59% 1,009 $745K Reduce -1.9%
DUK Duke Energy Corp. 0.58% 6,250 $738K Reduce -0.1%
HD Home Depot Inc. 0.56% 1,949 $715K Add +5.1%
ETR Entergy Corp. 0.56% 8,460 $703K No change
XLF SS Financial Select Sector 0.50% 12,120 $635K Reduce -9.0%
SO The Southern Co. 0.50% 6,856 $630K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.50% 1,018 $629K Add +0.3%
VZ Verizon Communications Inc. 0.48% 14,013 $606K Reduce -1.4%
BRK.B Berkshire Hathaway Inc. Class B 0.47% 1,219 $592K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.46% 3,277 $579K Reduce -0.2%
TRV The Travelers Cos Inc. 0.46% 2,160 $578K Reduce -13.6%
EFA iShares MSCI Eafe ETF 0.45% 6,324 $565K Add +0.8%
VHT Vanguard Health Care ETF 0.44% 2,249 $559K No change
T AT&T Inc. 0.41% 18,158 $525K Reduce -0.3%
WMT Walmart Inc. 0.41% 5,250 $513K Add +12.3%
ELV Elevance Health Inc. 0.40% 1,303 $507K No change
SPHD Invesco S&P 500 High Dividen 0.40% 10,612 $505K Reduce -1.6%
AEP American Electric Power 0.40% 4,845 $503K Reduce -5.8%
MDT Medtronic PLC 0.39% 5,600 $488K No change
PAYX Paychex Inc. 0.38% 3,344 $486K Reduce -1.0%
PEP Pepsico Inc. 0.38% 3,678 $486K Reduce -1.2%
FISV Fiserv Inc. 0.38% 2,758 $476K No change
PM Philip Morris International 0.37% 2,572 $468K Reduce -1.1%
ENB Enbridge Inc. 0.35% 9,885 $448K No change
BP BP PLC-Spons ADR 0.35% 14,954 $448K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.34% 1,576 $436K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.33% 2,156 $420K Add +0.5%
EXC Exelon Corp. 0.33% 9,651 $419K No change
GOOGL Alphabet Inc. Class A 0.32% 2,286 $403K Reduce -0.5%
VB Vanguard Most SM-Cap ETF-Usd 0.30% 1,617 $383K Add +22.8%
MAR Marriott International Class A 0.30% 1,375 $376K No change
WBA Walgreens Boots Alliance Inc. 0.30% 32,575 $374K No change
UPS United Parcel Service Class B 0.28% 3,560 $359K No change
MFC Manulife Financial Corp. 0.28% 10,984 $351K No change
ADBE Adobe Inc. 0.26% 840 $325K Reduce -0.6%
QCOM Qualcomm Inc. 0.25% 1,980 $315K No change
BNTX Biontech SE-ADR 0.25% 2,955 $315K No change
LLY Eli Lilly & Co. 0.24% 395 $308K No change
NOC Northrop Grumman Corp. 0.24% 610 $305K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.24% 1,837 $302K Reduce -1.6%
PFE Pfizer Inc. 0.23% 12,024 $291K Reduce -2.8%
MO Altria Group Inc. 0.22% 4,718 $277K No change
EMR Emerson Electric Co. 0.22% 2,060 $275K Reduce -3.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.21% 900 $265K No change
VRP Invesco Variable Rate Prefer 0.20% 10,585 $259K Reduce -4.5%
LIN Linde PLC 0.19% 517 $243K No change
DTM DT Midstream Inc. 0.19% 2,185 $240K No change
KWR Quaker Chemical Corporation 0.18% 2,065 $231K No change
CVX Chevron Corp. 0.18% 1,609 $230K No change
AZN Astrazeneca PLC-Spons ADR 0.17% 3,098 $216K No change
VTI VG Morningstar TS MKT ETF-US 0.17% 702 $213K New
LMT Lockheed Martin Corp. 0.17% 456 $211K No change
TIP iShares Tips Bond ETF 0.16% 1,856 $204K No change
NFLX Netflix Inc. 0.16% 150 $201K New
MUA BlackRock Muniassets Fund 0.13% 15,536 $162K No change

Show all 101 holdings

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -3.4% 3.05% −0.70
FNWD Finward Bancorp Reduce -0.2% 3.08% −0.49
MCD McDonald's Corp. Reduce -5.0% 1.01% −0.24
PG The Procter & Gamble Co. Reduce -2.3% 1.09% −0.22
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.20
XOM Exxon Mobil Corp. Reduce -8.6% 0.60% −0.19
CSCO Cisco Systems Inc. Sold out 0.00% −0.19
MCK McKesson Corp. Sold out 0.00% −0.18
DHR Danaher Corp. Sold out 0.00% −0.18
WEC WEC Energy Group Inc. Sold out 0.00% −0.17
FVD First Trust Value Line DVD Reduce -0.1% 1.77% −0.17
CWB SS SPDR BB Conv Sec ETF Reduce -1.2% 4.91% −0.14
TRV The Travelers Cos Inc. Reduce -13.6% 0.46% −0.12
PEP Pepsico Inc. Reduce -1.2% 0.38% −0.10
WELL Welltower Inc. Reduce -4.3% 0.69% −0.10
AEP American Electric Power Reduce -5.8% 0.40% −0.09
SPGP Invesco S&P 500 Garp ETF Reduce -1.2% 2.93% −0.09
VYM Vanguard High DVD Yield ETF Reduce -2.3% 0.98% −0.09
NI Nisource Inc. Reduce -0.3% 0.88% −0.08
GLD SPDR Gold Shares Reduce -8.8% 0.60% −0.08
VZ Verizon Communications Inc. Reduce -1.4% 0.48% −0.08
DUK Duke Energy Corp. Reduce -0.1% 0.58% −0.08
V Visa Inc. Class A Reduce -2.3% 0.72% −0.08
XLF SS Financial Select Sector Reduce -9.0% 0.50% −0.07
SPHD Invesco S&P 500 High Dividen Reduce -1.6% 0.40% −0.07
PAYX Paychex Inc. Reduce -1.0% 0.38% −0.07
IJH iShares Core S&P Midcap ETF Reduce -0.1% 1.44% −0.05
PFE Pfizer Inc. Reduce -2.8% 0.23% −0.04
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.2% 0.46% −0.03
T AT&T Inc. Reduce -0.3% 0.41% −0.03
VRP Invesco Variable Rate Prefer Reduce -4.5% 0.20% −0.03
ADBE Adobe Inc. Reduce -0.6% 0.26% −0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -1.6% 0.24% −0.02
XLI SS Industrial Select Sector Reduce -1.1% 0.59% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.5% 0.32% +0.01
PM Philip Morris International Reduce -1.1% 0.37% +0.01
EMR Emerson Electric Co. Reduce -3.9% 0.22% +0.01
META Meta Platforms Inc. Class A Reduce -1.9% 0.59% +0.07
JPM JPMorgan Chase & Co. Reduce -0.3% 1.53% +0.11
XLK SS Technology Select Sector Reduce -0.3% 1.15% +0.12
VGT Vanguard Info Tech ETF Reduce -0.3% 1.60% +0.16
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.0% 4.67% +0.33
MSFT Microsoft Corp. Reduce -0.7% 6.84% +1.14
TQQQ Proshares Ultrapro QQQ Reduce -0.5% 9.92% +2.36

Portfolio Buys Q1 2025 → Q2 2025
SKOR NT Crdscr US Corp. BD ETF Add +48.8% 2.65% +0.71
QQQ Invesco QQQ Trust Series 1 Add +6.0% 3.13% +0.37
VOO Vanguard S&P 500 ETF Add +4.9% 5.02% +0.27
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +2.7% 1.73% +0.17
VTI VG Morningstar TS MKT ETF-US New 0.17% +0.17
NFLX Netflix Inc. New 0.16% +0.16
VIGI Vanguard Int Div App Indx FD Add +11.4% 0.98% +0.09
VIG Vanguard Dividend Apprec ETF Add +7.7% 1.84% +0.06
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +0.3% 0.86% +0.05
WMT Walmart Inc. Add +12.3% 0.41% +0.05
VB Vanguard Most SM-Cap ETF-Usd Add +22.8% 0.30% +0.05
IJR iShares Core S&P Small-Cap E Add +8.7% 0.73% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.50% +0.00
EFA iShares MSCI Eafe ETF Add +0.8% 0.45% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.5% 0.33% −0.01
HD Home Depot Inc. Add +5.1% 0.56% −0.02
KO The Coca-Cola Co. Add +3.3% 0.88% −0.07
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +2.0% 1.43% −0.08
NOBL Proshares S&P 500 Dividend A Add +1.7% 1.54% −0.15
JNJ Johnson & Johnson Add +1.0% 1.30% −0.23

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 107$131.9MVOO, SKOR, CWB, MSFT, VUG
Q1 2026 104$125.1MSKOR, VOO, CWB, MSFT, VUG
Q4 2025 104$128.8MMSFT, VOO, SKOR, CWB, VUG
Q3 2025 106$131.6MTQQQ, MSFT, VOO, CWB, VUG
Q2 2025 101$126.6MTQQQ, MSFT, VOO, CWB, VUG
Q1 2025 104$115.4MTQQQ, MSFT, CWB, VOO, VUG
Q4 2024 103$115.3MTQQQ, MSFT, CWB, VOO, VUG