SOUTHERN MICHIGAN BANK & TRUST

CIK

1173227

Location

COLDWATER, MI

Portfolio Value

Small $244,963,604

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,491 / 8,821 ▼ 175 · as of Jun 2026

Top Industry

Semiconductors 14.6%

Period ended 31 days ago

Filed Oct 19, 2026 · 12d

3 quarters · since Mar 2026

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

SIC code

9995

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 78.2% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 2.0 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 69.5%; sector active share 57.7% against the combined 13F book's sector weights.

Over time 2 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

418 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

37.6%

+5.7 pts

Top 5

67.6%

+0.5 pts

Top 10

78.2%

−0.0 pts

HHI

1,729

Moderately concentrated+335

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	68.0%	$166,634,587	87
Technology	10.7%	$26,276,605	55
Industrials	4.0%	$9,746,064	57
Healthcare	3.8%	$9,306,771	41
Communication Services	3.4%	$8,248,751	13
Financial Services	2.7%	$6,690,817	47
Consumer Cyclical	2.7%	$6,528,423	31
Consumer Defensive	2.4%	$5,807,885	27
Energy	0.9%	$2,179,861	16
Utilities	0.8%	$1,949,883	16
Basic Materials	0.4%	$975,459	18
Real Estate	0.3%	$618,498	10

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHG	Schwab U.S. Large-Cap Growth ETF	+35,576	1,588,868	$57,088,027
SCHV	Schwab U.S. Large-Cap Value ETF	+33,165	1,052,949	$35,073,731
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	+3,717	342,408	$10,131,852
BIV	Vanguard Bond Index Funds	+3,554	437,396	$31,868,672
—		+2,443	284,359	$0
VO	VANGUARD MID-CAP INDEX FUND	+2,233	260,341	$20,415,941
MNST	Monster Beverage Corp	+431	862	$35,876
PLD	Prologis, Inc.	+241	1,218	$158,145
TSLA	Tesla, Inc.	+240	740	$262,559
PEP	Pepsico Inc	+218	3,010	$381,427
INTC	Intel Corp	+177	2,278	$273,883
FTV	Fortive Corp	+159	1,109	$60,784
BRK-B	Berkshire Hathaway Inc	+151	966	$481,019
IAU	Ishares Gold Trust	+148	929	$72,554
MCD	Mcdonalds Corp	+122	3,678	$849,397
CMI	Cummins Inc	+110	202	$104,347
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+96	396	$31,010
META	Meta Platforms, Inc.	+87	2,359	$1,710,699
KO	Coca Cola Co	+86	810	$69,724
ITM	VanEck Intermediate Muni ETF	+85	3,366	$148,104
MU	Micron Technology Inc	+82	966	$1,028,896
KMI	Kinder Morgan, Inc.	+79	1,663	$50,139
NEE	Nextera Energy Inc	+76	4,103	$310,761
ORCL	Oracle Corp	+74	188	$25,812
SNA	Snap-on Inc	+73	220	$79,937
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BTI	British American Tobacco p.l.c.	−3,213	1,887	$102,652
ADM	Archer-Daniels-Midland Co	−3,024	2,176	$172,730
RIO	Rio Tinto PLC	−2,212	1,295	$121,950
MRK	Merck & Co., Inc.	−1,626	3,065	$445,375
T	At&T Inc.	−1,513	4,829	$117,827
MO	Altria Group, Inc.	−1,212	8,250	$555,555
CSCO	Cisco Systems, Inc.	−828	8,814	$948,650
PRU	Prudential Financial Inc	−730	240	$27,259
UNP	Union Pacific Corp	−720	2,503	$681,141
DE	Deere & Co	−710	892	$599,022
BHP	BHP Group Ltd	−643	542	$45,983
IWF	iShares Russell 1000 Growth ETF	−632	19,204	$2,405,493
CAT	Caterpillar Inc	−585	2,717	$2,202,916
ZTS	Zoetis Inc.	−570	62	$4,329
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	−535	16,386	$2,400,221
AAPL	Apple Inc.	−463	23,033	$7,670,449
ABT	Abbott Laboratories	−390	7,560	$747,154
AMZN	Amazon Com Inc	−288	12,566	$3,130,818
GOOGL	Alphabet Inc.	−272	12,560	$4,321,644
ADBE	Adobe Inc.	−256	512	$122,849
DON	WisdomTree U.S. Midcap Dividend Fund	−250	6,497	$350,513
HON	Honeywell International Inc	−248	695	$146,603
SO	Southern Co	−235	9,333	$773,612
PG	PROCTER & GAMBLE Co	−230	6,823	$991,245
GOOG	Alphabet Inc.	−227	5,256	$1,790,929
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
FMAO	Farmers & Merchants Bancorp Inc	1,406	$48,675
VEA	Vanguard FTSE Developed Markets ETF	179	$12,639
AVUV	Avantis U.S. Small Cap Value ETF	96	$11,305
ANGL	VanEck Fallen Angel High Yield Bond ETF	398	$11,068
MRVL	Marvell Technology, Inc.	38	$10,039
HEFA	iShares Currency Hedged MSCI EAFE ETF	161	$7,468
CRWD	CrowdStrike Holdings, Inc.	28	$7,413
LIN	Linde PLC	15	$7,119
EMXC	iShares MSCI Emerging Markets ex China ETF	71	$7,034
DASH	DoorDash, Inc.	34	$6,240
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	61	$6,232
SRLN	State Street(R) Blackstone Senior Loan ETF	153	$6,179
TDIV	First Trust NASDAQ Technology Dividend Index Fund	51	$5,753
DELL	Dell Technologies Inc.	10	$5,379
BLBD	Blue Bird Corp	90	$4,995
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	83	$4,777
RKLB	Rocket Lab Corp	42	$2,926
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	16	$2,694
EPI	WisdomTree India Earnings Fund	64	$2,606
SOFI	SoFi Technologies, Inc.	159	$2,499
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	46	$2,380
AR	ANTERO RESOURCES Corp	55	$1,836
MBGL	Mobility Global Inc.	25	$428
ADIG	Adi Global Distribution Inc.	16	$286
VRNS	Varonis Systems Inc	4	$189
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		6,000	$188,580
MMIT	NYLIM ETF Trust	1,115	$27,150
MBB	iShares MBS ETF	156	$14,745
BP	Bp PLC	378	$13,967
IVE	iShares S&P 500 Value ETF	55	$12,488
KKR	KKR & Co. Inc.	81	$7,434
SNPS	Synopsys Inc	14	$6,244
—		1,069	$5,633
WING	Wingstop Inc.	17	$2,947
BCS	Barclays PLC	78	$2,095
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	81	$2,029
UBS	UBS Group AG	39	$1,932
SAN	Banco Santander, S.A.	130	$1,794
ING	Ing Groep NV	57	$1,788
SAP	Sap SE	11	$1,695
CNQ	CANADIAN NATURAL RESOURCES Ltd	37	$1,461
SONY	Sony Group Corp	68	$1,364
TTE	TotalEnergies SE	15	$1,166
LYG	Lloyds Banking Group plc	186	$1,084
HSBC	Hsbc Holdings PLC	11	$1,045
SCHW	Schwab Charles Corp	11	$1,014
DB	Deutsche Bank Aktiengesellschaft	30	$1,012
TM	Toyota Motor Corp	6	$1,010
MUFG	Mitsubishi Ufj Financial Group Inc	50	$994
ITW	Illinois Tool Works Inc	3	$811
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

418 tracked positions · $244,963,604 total · filing declares 422 positions · $279,731,896 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 418 positions by value · page 1 of 9

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	1,588,868	+35,576	$57,088,027	+8.6%	23.30%
SCHV	Schwab U.S. Large-Cap Value ETF	Added	1,052,949	+33,165	$35,073,731	−1.2%	14.32%
BIV	Vanguard Bond Index Funds	Added	437,396	+3,554	$31,868,672	−4.2%	13.01%
VO	VANGUARD MID-CAP INDEX FUND	Added	260,341	+2,233	$20,415,941	−1.8%	8.33%
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	Added	342,408	+3,717	$10,131,852	−0.3%	4.14%
NVDA	Nvidia Corp Technology	Reduced	35,046	-216	$8,003,805	+13.4%	3.27%
AAPL	Apple Inc. Technology	Reduced	23,033	-463	$7,670,449	+12.8%	3.13%
GOOGL	Alphabet Inc. Communication Services	Reduced	12,560	-272	$4,321,644	−5.8%	1.76%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	12,566	-288	$3,130,818	+2.2%	1.28%
MSFT	Microsoft Corp Technology	Reduced	5,192	-145	$2,662,976	+33.8%	1.09%
ABBV	AbbVie Inc. Healthcare	Reduced	9,343	-102	$2,444,035	+2.8%	1.00%
IWF	iShares Russell 1000 Growth ETF	Reduced	19,204	-632	$2,405,493	−2.3%	0.98%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Reduced	16,386	-535	$2,400,221	−6.8%	0.98%
CAT	Caterpillar Inc Industrials	Reduced	2,717	-585	$2,202,916	−37.4%	0.90%
GOOG	Alphabet Inc. Communication Services	Reduced	5,256	-227	$1,790,929	−7.6%	0.73%
META	Meta Platforms, Inc. Communication Services	Added	2,359	+87	$1,710,699	+33.7%	0.70%
IWD	iShares Russell 1000 Value ETF	Reduced	6,808	-93	$1,687,907	+0.9%	0.69%
V	Visa Inc. Financial Services	Reduced	4,327	-158	$1,554,820	+1.0%	0.63%
JNJ	Johnson & Johnson Healthcare	Reduced	5,570	-224	$1,474,601	+0.2%	0.60%
AVGO	Broadcom Inc. Technology	Added	4,059	+23	$1,425,480	−6.5%	0.58%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	1,482	-39	$1,349,123	−5.2%	0.55%
MU	Micron Technology Inc Technology	Added	966	+82	$1,028,896	+0.8%	0.42%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	6,823	-230	$991,245	−4.2%	0.40%
NSC	Norfolk Southern Corp Industrials	Reduced	3,177	-72	$981,693	−4.0%	0.40%
CSCO	Cisco Systems, Inc. Technology	Reduced	8,814	-828	$948,650	−16.2%	0.39%
MA	Mastercard Inc Financial Services	Reduced	1,693	-126	$933,638	−0.1%	0.38%
SYK	Stryker Corp Healthcare	Reduced	3,235	-79	$890,886	−14.6%	0.36%
MCD	Mcdonalds Corp Consumer Cyclical	Added	3,678	+122	$849,397	−11.6%	0.35%
JPM	Jpmorgan Chase & Co Financial Services	Added	2,548	+19	$842,954	+1.8%	0.34%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	11,214	-137	$806,847	−7.8%	0.33%
GD	General Dynamics Corp Industrials	Reduced	2,355	-31	$781,459	−7.5%	0.32%
SO	Southern Co Utilities	Reduced	9,333	-235	$773,612	−15.5%	0.32%
LLY	ELI LILLY & Co Healthcare	Added	649	+9	$750,944	−2.2%	0.31%
ABT	Abbott Laboratories Healthcare	Reduced	7,560	-390	$747,154	+3.6%	0.31%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	2,573	-28	$731,992	−20.2%	0.30%
UNP	Union Pacific Corp Industrials	Reduced	2,503	-720	$681,141	−22.3%	0.28%
DE	Deere & Co Industrials	Reduced	892	-710	$599,022	−41.1%	0.24%
AMAT	Applied Materials Inc Technology	Added	1,160	+14	$593,200	−28.4%	0.24%
XOM	ExxonMobil Holdings Corp Energy	Reduced	3,630	-92	$590,782	+16.1%	0.24%
LRCX	Lam Research Corp Technology	Added	1,754	+3	$576,206	−24.1%	0.24%
WMT	Walmart Inc. Consumer Defensive	Added	5,400	+66	$561,168	−7.1%	0.23%
MO	Altria Group, Inc. Consumer Defensive	Reduced	8,250	-1,212	$555,555	−18.4%	0.23%
PM	Philip Morris International Inc. Consumer Defensive	Held	2,879	0	$549,370	+5.5%	0.22%
ETN	Eaton Corp plc Industrials	Reduced	1,249	-48	$536,707	−2.9%	0.22%
CIEN	Ciena Corp Technology	Held	1,500	0	$527,730	−28.3%	0.22%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	5,510	-166	$493,861	−9.8%	0.20%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	966	+151	$481,019	+17.9%	0.20%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Held	10,127	0	$479,614	−6.4%	0.20%
QCOM	Qualcomm Inc Technology	Reduced	2,518	-73	$463,412	−3.2%	0.19%
MRK	Merck & Co., Inc. Healthcare	Reduced	3,065	-1,626	$445,375	−26.1%	0.18%

Showing the top 50 of 418 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.