Arkolith/Funds/Southern Michigan Bank & Trust

Southern Michigan Bank & Trust

CIK 1173227Bank / broker
Holdings as of Jun 30, 2026·disclosed Jul 21, 2026·~21-day 13F lag·13F-HR
Active Filer

Southern Michigan Bank & Trust holds a concentrated book of 422 reported positions worth $281.3M as of Q2 2026 (disclosed Jul 21, 2026, a ~21-day 13F lag). This quarter Honeywell Aerospace Inc first appears in 13F filings (one of 3 new listings in the book), a listing rather than a purchase; they opened British American Tob-SP ADR and trimmed Apple Inc. Their largest long position is Schwab US Large-Cap Growth at 19% of the reported non-option book. Cloning the disclosed picks since 2026 would be +3% (+8.6%/yr). That is a simulation of the disclosed long book, not audited returns.

Southern Michigan Bank & Trust files as a bank or broker: much of this book is custody and client positions, not a proprietary portfolio.

Growth of $10,000: cloning the disclosed book

If you'd copied them
+3.2%
+8.6%/yr · since Apr '26
Their reported book
+9.4%
held from quarter-end
S&P 500
+6.9%
same window
$10K$10K$10K$11K$11KApr '26May '26Jun '26Jul '26Aug '26Sep '26
Southern Michigan Bank & Trust (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +9.4%, a 6.2-point gap that is the cost of the ~21-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Southern Michigan Bank & Trust's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~21 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: concentrated book

Top 5 holdings
61%
Top 10 holdings
73%
Top 20 holdings
81%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

29% mapped to company sectors

ETFs / funds
38%
No sector on file yet
33%
Information Technology
11%
Industrials
5%
Health Care
3%
Consumer Discretionary
3%
Financials
2%
Consumer Staples
1%

+5 sectors below the cut, 3% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited
Newly reportable· first quarter we see the security in 13F filings · position value, not a trade

Funds with the most overlap

Other tracked managers holding the same core names as Southern Michigan Bank & Trust

Manager / fundShared namesTheir $ in those
Donor Advised Charitable Giving, Inc.8 / 80$4.4B
Blackhill Capital Inc19 / 80$2.3B
Hoffman, Alan N Investment Management8 / 80$160.8M
Greenbrier Partners Capital Management, LLC8 / 80$1.2B
Ardent Capital Management, Inc.23 / 80$220.2M
United American Securities Inc. (d/b/a UAS Asset Management)9 / 80$393.3M
Outlook Capital Management, LLC17 / 80$257.1M
Independent Investors Inc27 / 80$431.8M

Ranked by the share of each fund's own book sitting in the names it shares with Southern Michigan Bank & Trust: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

422 positions
#SecurityValueShares% PortLast moveHistory
1Schwab U.S. Large Cap Growth ETF
US LCAP GR ETF
$52.6M1.55M
18.7%
+0.7%
Added · +11K sh
2Schwab U.S. Large Cap Value ETF
US LCAP VA ETF
$35.5M1.02M
12.6%
+1.8%
Added · +18K sh
3Vanguard Intermediate Term Bond ETF
INTERMED TERM
$33.3M433.8K
11.8%
~0%
Added · +69 sh
4iShares Intermediate Govt Credit Bond ETF
INTRM GOV CR ETF
$29.9M281.9K
10.6%
+0.2%
Added · +474 sh
5Vanguard Mid Cap ETF
MID CAP ETF
$20.8M258.1K
7.4%
+302%
Added · +194K sh
6State Street SPDR Portfolio Short Term Corporate Bond ETF
ST SHOR CORP ETF
$10.2M338.7K
3.6%
+0.3%
Added · +1K sh
7Nvidia Corp
COM
$7.1M35.3K
2.5%
+3.4%
Added · +1K sh
8Apple Inc
COM
$6.8M23.5K
2.4%
−0.3%
Reduced · −69 sh
9Armstrong Global Holding Inc. Series A
COM
$4.8M47.9K
1.7%
Held
10Alphabet Inc Class A
CAP STK CL A
$4.6M12.8K
1.6%
−4.4%
Reduced · −596 sh
11Caterpillar Inc
COM
$3.5M3.3K
1.3%
+42%
Added · +982 sh
12Amazon.com Inc
COM
$3.1M12.9K
1.1%
−1.0%
Reduced · −125 sh
13State Street SPDR S&P Dividend ETF
ST STR SP DIV
$2.6M16.9K
0.9%
−2.1%
Reduced · −361 sh
14iShares Russell 1000 Growth ETF
RUS 1000 GRW ETF
$2.5M19.8K
0.9%
+323%
Added · +15K sh
15Abbvie Inc.
COM
$2.4M9.4K
0.8%
−1.0%
Reduced · −92 sh
16Microsoft Corp
COM
$2.0M5.3K
0.7%
+1.9%
Added · +98 sh
17Alphabet Inc Class C
CAP STK CL C
$1.9M5.5K
0.7%
−0.4%
Reduced · −20 sh
18iShares Russell 1000 Value ETF
RUS 1000 VAL ETF
$1.7M6.9K
0.6%
+11%
Added · +674 sh
19Visa Inc
COM CL A
$1.5M4.5K
0.5%
−1.2%
Reduced · −55 sh
20Broadcom Inc
COM
$1.5M4.0K
0.5%
+4.5%
Added · +173 sh
21Johnson & Johnson
COM
$1.5M5.8K
0.5%
−0.5%
Reduced · −27 sh
22Costco Wholesale Corporation
COM
$1.4M1.5K
0.5%
−4.9%
Reduced · −78 sh
23Meta Platforms Inc
CL A
$1.3M2.3K
0.5%
+6.7%
Added · +143 sh
24Cisco Systems Inc
COM
$1.1M9.6K
0.4%
−0.8%
Reduced · −78 sh
25Stryker Corporation
COM
$1.0M3.3K
0.4%
−0.2%
Reduced · −7 sh
26Procter & Gamble Co
COM
$1.0M7.1K
0.4%
−1.6%
Reduced · −115 sh
27Norfolk Southern Corp
COM
$1.0M3.2K
0.4%
−0.1%
Reduced · −5 sh
28Micron Technology Inc
COM
$1.0M884
0.4%
+7.3%
Added · +60 sh
29Deere & Co
COM
$1.0M1.6K
0.4%
+166%
Added · +1K sh
30McDonalds Corp
COM
$961K3.6K
0.3%
−3.6%
Reduced · −135 sh
31Mastercard Inc
CL A
$934K1.8K
0.3%
−2.2%
Reduced · −41 sh
32Home Depot Inc
COM
$917K2.6K
0.3%
−2.8%
Reduced · −75 sh
33Southern Co
COM
$916K9.6K
0.3%
−0.5%
Reduced · −45 sh
34Union Pacific Corp
COM
$877K3.2K
0.3%
Held
35iShares Core S&P Mid Cap ETF
CORE S&P MCP ETF
$875K11.4K
0.3%
Held
36General Dynamics Corp
COM
$845K2.4K
0.3%
−0.4%
Reduced · −10 sh
37Applied Materials Inc
COM
$829K1.1K
0.3%
+7.1%
Added · +76 sh
38JP Morgan Chase & Co
COM
$828K2.5K
0.3%
+19%
Added · +403 sh
39Lilly Eli & Co
COM
$768K640
0.3%
−31%
Reduced · −292 sh
40Lam Research Corp
COM NEW
$759K1.8K
0.3%
+6.9%
Added · +113 sh
41Ciena Corp
COM NEW
$736K1.5K
0.3%
Held
42Abbott Laboratories
COM
$721K8.0K
0.3%
−4.0%
Reduced · −336 sh
43Altria Group Inc
COM
$681K9.5K
0.2%
+25%
Added · +2K sh
44Walmart Inc
COM
$604K5.3K
0.2%
Held
45Merck & Co Inc
COM
$603K4.7K
0.2%
+81%
Added · +2K sh
46Eaton Corp PLC ADR
SHS
$553K1.3K
0.2%
−28%
Reduced · −515 sh
47Vanguard Real Estate Index Fund ETF
REAL ESTATE ETF
$547K5.7K
0.2%
−52%
Reduced · −6K sh
48Philip Morris International Inc
COM
$521K2.9K
0.2%
−2.9%
Reduced · −87 sh
49Vanguard Tax Exempt Bond ETF
TAX EXEMPT BD
$512K10.1K
0.2%
−39%
Reduced · −6K sh
50Exxon Mobil Corp
COM
$509K3.7K
0.2%
−3.9%
Reduced · −152 sh
Showing 50 of 422 positions
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Filing history

As-of date vs the date the SEC received each filing

$281.3M · Q2 2026Q1 2026 · $260.6MQ2 2026 · $281.3M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Jul 21, 202621d422$281.3M13F-HR
Q1 2026Mar 31, 2026Apr 27, 202627d424$260.6M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.