Hawthorn Bancshares, Inc.
US ˙ NasdaqGS ˙ US4204761039

SecurityHWBK / Hawthorn Bancshares, Inc.
InstitutionRBF Capital, LLC
Latest Disclosed Ownership39,167 shares
Latest Disclosed Value $ 1,319,536
RBF Capital, LLC ownership in HWBK / Hawthorn Bancshares, Inc.

On May 18, 2026 - RBF Capital, LLC filed a 13F-HR/A form disclosing ownership of 39,167 shares of Hawthorn Bancshares, Inc. (US:HWBK) valued at $1,319,536 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 39,167 shares of Hawthorn Bancshares, Inc.. This represents a change in shares of 0.00% during the quarter. The current value of the position is $1,426,070 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-18 2026-03-31 13F/A-1 HAWTHORN BANCSHARES COM 420476103 39,167 0 0.00 1,320 -3.44 0.0645
2026-05-14 2026-03-31 13F HAWTHORN BANCSHARES COM 420476103 39,167 0 1,320 0.0690
2026-02-17 2025-12-31 13F/A-1 HAWTHORN BANCSHARES COM 420476103 39,167 0 0.00 1,366 12.43 0.0606
2026-02-17 2025-12-31 13F HAWTHORN BANCSHARES COM 420476103 39,167 0 1,366 0.0606
2025-11-14 2025-09-30 13F HAWTHORN BANCSHARES COM 420476103 39,167 0 0.00 1,216 6.49 0.0542
2025-08-14 2025-06-30 13F HAWTHORN BANCSHARES COM 420476103 39,167 -500 -1.26 1,141 1.97 0.0543
2025-05-15 2025-03-31 13F HAWTHORN BANCSHARES COM 420476103 39,667 0 0.00 1,120 -0.44 0.0672
2025-02-14 2024-12-31 13F HAWTHORN BANCSHARES COM 420476103 39,667 0 0.00 1,125 13.31 0.0582
2024-11-14 2024-09-30 13F HAWTHORN BANCSHARES COM 420476103 39,667 0 0.00 993 26.37 0.0498
2024-08-14 2024-06-30 13F HAWTHORN BANCSHARES COM 420476103 39,667 0 0.00 785 -3.09 0.0451
2024-05-15 2024-03-31 13F HAWTHORN BANCSHARES COM 420476103 39,667 0 0.00 810 -19.48 0.0453
2024-02-14 2023-12-31 13F HAWTHORN BANCSHARES COM 420476103 39,667 0 0.00 1,006 56.21 0.0609
2023-11-14 2023-09-30 13F HAWTHORN BANCSHARES COM 420476103 39,667 1,525 4.00 645 -5.85 0.0423
2023-08-14 2023-06-30 13F HAWTHORN BANCSHARES COM 420476103 38,142 0 0.00 685 -23.23 0.0427
2023-05-16 2023-03-31 13F HAWTHORN BANCSHARES COM 420476103 38,142 0 0.00 892 7.35 0.0648
2023-02-14 2022-12-31 13F HAWTHORN BANCSHARES COM 420476103 38,142 0 0.00 830 -0.48 0.0624
2022-11-14 2022-09-30 13F HAWTHORN BANCSHARES COM 420476103 38,142 1,467 4.00 834 -10.80 0.0703
2022-08-15 2022-06-30 13F HAWTHORN BANCSHARES COM 420476103 36,675 0 0.00 935 -4.79 0.0650
2022-05-16 2022-03-31 13F HAWTHORN BANCSHARES COM 420476103 36,675 0 0.00 982 3.26 0.0628
2022-02-14 2021-12-31 13F HAWTHORN BANCSHARES COM 420476103 36,675 0 0.00 951 12.01 0.0585
2021-11-15 2021-09-30 13F HAWTHORN BANCSHARES COM 420476103 36,675 1,410 4.00 849 4.94 0.0474
2021-08-16 2021-06-30 13F HAWTHORN BANCSHARES COM 420476103 35,265 0 0.00 809 7.72 0.0452
2021-05-17 2021-03-31 13F HAWTHORN BANCSHARES COM 420476103 35,265 0 0.00 751 -2.72 0.0468
2021-03-02 2020-12-31 13F/A-1 HAWTHORN BANCSHARES COM 420476103 35,265 0 0.00 772 15.57 0.0591
2021-02-11 2020-12-31 13F HAWTHORN BANCSHARES COM 420476103 35,265 0 772 66,965.9315
2020-11-16 2020-09-30 13F/A-1 HAWTHORN BANCSHARES COM 420476103 35,265 1,356 4.00 668 0.00 0.0674
2020-08-14 2020-06-30 13F HAWTHORN BANCSHARES COM 420476103 33,909 0 0.00 668 7.40 0.0720
2020-05-18 2020-03-31 13F HAWTHORN BANCSHARES COM 420476103 33,909 0 0.00 622 -28.09 0.0814
2020-02-13 2019-12-31 13F HAWTHORN BANCSHARES COM 420476103 33,909 0 0.00 865 7.05 0.0826
2019-11-13 2019-09-30 13F HAWTHORN BANCSHARES COM 420476103 33,909 1,304 4.00 808 -7.55 0.0906
2019-08-13 2019-06-30 13F HAWTHORN BANCSHARES COM 420476103 32,605 0 0.00 874 15.30 0.0879
2019-05-15 2019-03-31 13F HAWTHORN BANCSHARES COM 420476103 32,605 0 0.00 758 10.50 0.0890
2019-02-14 2018-12-31 13F HAWTHORN BANCSHARES COM 420476103 32,605 0 0.00 686 -7.55 0.0895
2018-11-14 2018-09-30 13F HAWTHORN BANCSHARES COM 420476103 32,605 1,254 4.00 742 8.01 0.0805
2018-08-14 2018-06-30 13F HAWTHORN BANCSHARES COM 420476103 31,351 0 0.00 687 6.18 0.0807
2018-05-15 2018-03-31 13F HAWTHORN BANCSHARES COM 420476103 31,351 0 0.00 647 -0.61 0.0771
2018-02-14 2017-12-31 13F HAWTHORN BANCSHARES COM 420476103 31,351 0 0.00 651 0.31 0.0718
2017-11-14 2017-09-30 13F HAWTHORN BANCSHARES COM 420476103 31,351 1,205 4.00 649 2.69 0.0821
2017-08-14 2017-06-30 13F HAWTHORN BANCSHARES COM 420476103 30,146 0 0.00 632 -0.63 0.0829
2017-05-15 2017-03-31 13F HAWTHORN BANCSHARES COM 420476103 30,146 0 0.00 636 19.10 0.0871
2017-02-14 2016-12-31 13F HAWTHORN BANCSHARES COM 420476103 30,146 0 0.00 534 16.09 0.0761
2016-11-14 2016-09-30 13F HAWTHORN BANCSHARES COM 420476103 30,146 0 0.00 460 10.58 0.0788
2016-08-15 2016-06-30 13F HAWTHORN BANCSHARES COM 420476103 30,146 1,159 4.00 416 -2.80 0.0827
2016-05-16 2016-03-31 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 28,987 0 0.00 428 -6.35 0.0820
2016-02-16 2015-12-31 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 28,987 0 0.00 457 12.84 0.0859
2015-11-16 2015-09-30 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 28,987 0 0.00 405 -2.41 0.0844
2015-08-14 2015-06-30 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 28,987 1,114 4.00 415 11.26 0.0784
2015-05-14 2015-03-31 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 27,873 0 0.00 373 -6.05 0.0757
2015-02-13 2014-12-31 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 27,873 0 0.00 397 3.66 0.0822
2014-11-14 2014-09-30 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 27,873 0 0.00 383 9.74 0.0878
2014-08-14 2014-06-30 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 27,873 1,072 4.00 349 -1.69 0.0839
2014-05-13 2014-03-31 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 26,801 0 0.00 355 8.90 0.0866
2014-02-14 2013-12-31 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 26,801 0 0.00 326 -10.68 0.0771
2013-11-14 2013-09-30 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 26,801 0 0.00 365 8.96 0.0970
2013-08-14 2013-06-30 13F HAWTHORN BANCSHARES INC CMN Common Stock 420476103 26,801 26,801 335 0.0952
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.