Fourthstone LLC FNWD — FINWARD BANCORP

Ownership history in Fourthstone LLC  ·  16 quarters on record

AI Ownership Summary

Fourthstone LLC reported FINWARD BANCORP (FNWD) in 16 quarterly 13F filings from 2024 Q1 through 2026 Q2. Peak portfolio weight reached 1.51% in 2024 Q1. The latest visible filing shows FNWD at 0.55% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this FNWD ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Fourthstone LLC's position in FINWARD BANCORP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

FNWD was reported at 0.55% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.51% in 2024 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

FNWD stock page Fourthstone LLC fund profile Fourthstone LLC full holdings
How Fourthstone LLC held FNWD — position size vs. price
% of Fund (quarterly)    FNWD price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 7 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 REDUCED — — — 20,976 -33,954 -61.8% 0.55% $771K 2026-08-14 $45.28
2025 Q2 REDUCED 35.7% +16.9% ❌ 54,930 -30,490 -35.7% 0.30% $1.5M 2025-08-14 $29.19
2025 Q1 REDUCED 32.0% -4.7% ✅ 85,420 -40,145 -32.0% 0.62% $2.5M 2025-05-14 $29.79
2024 Q4 REDUCED 8.7% +4.0% ❌ 125,565 -11,955 -8.7% 0.69% $3.5M 2025-02-13 $25.92
2024 Q3 REDUCED 23.2% -11.1% ✅ 137,520 -41,479 -23.2% 0.98% $4.4M 2024-11-14 $30.82
2024 Q2 REDUCED — — — 178,999 -8,913 -4.7% 1.40% $4.4M 2024-08-14 $26.55
2024 Q1 REDUCED 56.2% +1.9% ❌ 187,912 -240,626 -56.2% 1.51% $4.6M 2024-05-14 $23.74
9 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding FNWD

As of 2026 Q2 — sorted by position size

PL Capital Advisors, LLC 3Y 7Y 4.05% Finward Bancorp 3.66% Elizabeth Park Capital Advisors, Ltd. 3Y 7Y 1.46% RAFFLES ASSOCIATES LP 3Y 7Y 0.88% ENDEAVOUR CAPITAL ADVISORS INC 3Y 7Y 0.75% Black Maple Capital Management LP 3Y 7Y 0.25% Daytona Street Capital LLC 0.16% Caldwell Trust Co 0.12% OLD NATIONAL BANCORP /IN/ 3Y 7Y 0.01% FIDUCIARY TRUST CO 3Y 7Y 0.01%

FAQ About Fourthstone LLC and FNWD

These are the practical questions this page is built to answer before you even open the full history table.

How long has Fourthstone LLC reported owning FNWD?

Fourthstone LLC reported FNWD across 7 quarterly 13F filings, from 2024 Q1 through 2026 Q2.

What was the largest reported FNWD position in Fourthstone LLC's portfolio?

The largest reported portfolio weight for FNWD was 1.51% in 2024 Q1.

What is the latest reported FNWD position on this page?

The most recent filing on this page is 2026 Q2, when Fourthstone LLC reported 20,976 shares, equal to 0.55% of portfolio, with an estimated market value of $771K.

What does the chart on this FNWD ownership page compare?

The chart compares Fourthstone LLC's quarterly FNWD portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Fourthstone LLC time their FNWD position?

Based on 13F filing dates vs. subsequent FNWD price moves, Fourthstone LLC correctly timed 4 out of 15 reported position changes (27%). The annualised alpha on FNWD relative to SPY over the holding period was -20.9%.

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