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Forward Air Corp

FWRD
Exchange
Nasdaq
Industry
Arrangement of Transportation of Freight & Cargo
SEC CIK
0000912728

No open-market purchases or sales by Forward Air Corp insiders were filed in the last 90 days; 187 institutions reported holding it in 13F filings for Q2 2026, worth $412.0M in total; no superinvestor holds it.

13F holders, Q4 2021

Institutional positions in Forward Air Corp as of Dec 31, 2021. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
240
+28 vs. Q3 2021
Shares held
26.4M
−7.05K (0.0%) vs. Q3 2021
Total value
$3.19B
+$999.0M (+45.6%) vs. Q3 2021
New holders
46
73 more added
Sold out
18
90 more reduced

4 institutions that held it in Q3 2021 haven't filed for Q4 2021 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2021: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting FWRD on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2021: 240 institutions
Q1 2021: 206 institutionsQ2 2021: 220 institutionsQ3 2021: 216 institutionsQ4 2021: 240 institutionsQ1 2022: 246 institutionsQ2 2022: 247 institutionsQ3 2022: 246 institutionsQ4 2022: 276 institutionsQ1 2023: 259 institutionsQ2 2023: 245 institutionsQ3 2023: 252 institutionsQ4 2023: 264 institutionsQ1 2024: 226 institutionsQ2 2024: 191 institutionsQ3 2024: 208 institutionsQ4 2024: 211 institutionsQ1 2025: 195 institutionsQ2 2025: 181 institutionsQ3 2025: 202 institutionsQ4 2025: 202 institutionsQ1 2026: 193 institutionsQ2 2026: 187 institutions
Value heldQ4 2021: $3.19B
Q1 2021: $2.38BQ2 2021: $2.39BQ3 2021: $2.19BQ4 2021: $3.19BQ1 2022: $2.57BQ2 2022: $2.46BQ3 2022: $2.41BQ4 2022: $2.72BQ1 2023: $2.80BQ2 2023: $2.68BQ3 2023: $1.76BQ4 2023: $1.57BQ1 2024: $881.2MQ2 2024: $636.1MQ3 2024: $1.17BQ4 2024: $1.07BQ1 2025: $671.9MQ2 2025: $804.6MQ3 2025: $873.9MQ4 2025: $744.2MQ1 2026: $492.3MQ2 2026: $412.0M
Institutions holding FWRD and their total value by quarter
QuarterHoldersValue
Q2 2026187$412.0M
Q1 2026193$492.3M
Q4 2025202$744.2M
Q3 2025202$873.9M
Q2 2025181$804.6M
Q1 2025195$671.9M
Q4 2024211$1.07B
Q3 2024208$1.17B
Q2 2024191$636.1M
Q1 2024226$881.2M
Q4 2023264$1.57B
Q3 2023252$1.76B
Q2 2023245$2.68B
Q1 2023259$2.80B
Q4 2022276$2.72B
Q3 2022246$2.41B
Q2 2022247$2.46B
Q1 2022246$2.57B
Q4 2021240$3.19B
Q3 2021216$2.19B
Q2 2021220$2.39B
Q1 2021206$2.38B

Institutions, Q4 2021

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q3 2021.

Institutions holding FWRD in Q4 2021
InstitutionSharesValue% of portfolioChange in sharesAction
ProShare Advisors LLC6,706$812.0K0.00%+2,522+60.3%Added
Metropolitan Life Insurance Co6,723$814.1K0.01%−508−7.0%Reduced
Toth Financial Advisory Corp7,225$875.0K0.12%+7,225New
Arizona State Retirement System7,294$883.0K0.01%−147−2.0%Reduced
Boston Partners7,703$933.0K0.00%00.0%Unchanged
Teachers Retirement System of the State of Kentucky7,799$944.0K0.01%00.0%Unchanged
M&T Bank Corp8,070$978.0K0.00%+311+4.0%Added
Handelsbanken Fonder AB8,137$985.0K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.8,292$1.00M0.00%−259−3.0%Reduced
Bank of Montreal8,379$1.01M0.00%−2,169−20.6%Reduced
Employees Retirement System of Texas8,400$1.02M0.01%−3,000−26.3%Reduced
Susquehanna International Group, LLP8,591$1.04M0.00%+8,591New
State of Tennessee, Treasury Department8,867$1.07M0.00%00.0%Unchanged
MetLife Investment Management8,967$1.09M0.01%−685−7.1%Reduced
Exane Derivatives9,007$1.09M0.27%+9,007New
FIL Ltd9,200$1.11M0.00%+9,200New
PYA Waltman Capital, LLC9,577$1.16M0.60%00.0%Unchanged
Hennion & Walsh Asset Management, Inc.9,937$1.20M0.06%+1,304+15.1%Added
NJ State Employees Deferred Compensation Plan10,000$1.21M0.15%00.0%Unchanged
Canada Pension Plan Investment Board10,100$1.22M0.00%−900−8.2%Reduced
Voya Investment Management LLC10,355$1.25M0.00%−625−5.7%Reduced
Oregon Public Employees Retirement Fund10,431$1.26M0.01%−733−6.6%Reduced
Cubist Systematic Strategies, LLC10,436$1.26M0.01%−834−7.4%Reduced
Allspring Global Investments Holdings, LLC10,479$1.27M0.00%+10,479New
Azzad Asset Management Inc10,560$1.28M0.17%−2,972−22.0%Reduced
Maryland State Retirement & Pension System10,747$1.30M0.03%+84+0.8%Added
Hillsdale Investment Management Inc.10,800$1.31M0.09%−500−4.4%Reduced
Skandinaviska Enskilda Banken AB (publ)11,400$1.37M0.01%00.0%Unchanged
Ensign Peak Advisors, Inc11,948$1.45M0.00%−12,340−50.8%Reduced
SEI Investments Co12,122$1.47M0.00%+8,733+257.7%Added
STRS Ohio12,200$1.48M0.01%−1,700−12.2%Reduced
CWM Advisors, LLC12,716$1.54M0.18%+9,414+285.1%Added
Louisiana State Employees Retirement System13,000$1.57M0.03%−100−0.8%Reduced
CSM Advisors, LLC13,580$1.64M0.11%00.0%Unchanged
State Board of Administration of Florida Retirement System13,581$1.65M0.00%−575−4.1%Reduced
Manufacturers Life Insurance Company, The13,604$1.65M0.00%−318−2.3%Reduced
AlphaCrest Capital Management LLC13,932$1.69M0.06%+9,795+236.8%Added
Amalgamated Bank13,964$1.69M0.01%−322−2.3%Reduced
SG Americas Securities, LLC15,594$1.89M0.01%−19,713−55.8%Reduced
American International Group, Inc.16,324$1.98M0.01%−732−4.3%Reduced
UBS Group AG16,709$2.02M0.00%+9,194+122.3%Added
Northwest Investment Counselors, LLC16,983$2.06M0.51%+365+2.2%Added
Deutsche Bank AG18,972$2.30M0.00%−92,449−83.0%Reduced
State of Alaska, Department of Revenue19,089$2.31M0.02%−680−3.4%Reduced
Texas Permanent School Fund19,521$2.36M0.03%−526−2.6%Reduced
New York State Common Retirement Fund19,627$2.38M0.00%+57+0.3%Added
Susquehanna Fundamental Investments, LLC19,709$2.39M0.06%+5,163+35.5%Added
Isthmus Partners, LLC19,994$2.42M0.41%+70+0.4%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys20,375$2.47M0.03%−173−0.8%Reduced
Logan Capital Management Inc20,696$2.51M0.11%+57+0.3%Added
Credit Suisse AG20,935$2.54M0.00%−1,552−6.9%Reduced
Martingale Asset Management L P21,069$2.55M0.03%−2,100−9.1%Reduced
Comerica Bank23,907$2.59M0.02%−1,109−4.4%Reduced
First National Bank of Omaha21,543$2.61M0.12%−1,967−8.4%Reduced
Millennium Management LLC22,334$2.70M0.00%−5,512−19.8%Reduced
D. E. Shaw & Co., Inc.22,344$2.71M0.00%−18,512−45.3%Reduced
Citigroup Inc22,377$2.71M0.00%+6,750+43.2%Added
Cambiar Investors LLC22,558$2.73M0.09%−10,326−31.4%Reduced
Los Angeles Capital Management LLC22,666$2.75M0.01%+6,351+38.9%Added
Avalon Investment & Advisory22,949$2.78M0.07%+22,949New
Great West Life Assurance Co23,361$2.83M0.01%+105+0.5%Added
Yousif Capital Management, LLC24,839$3.01M0.03%+24,839New
Cardinal Capital Management25,432$3.08M0.61%−23−0.1%Reduced
Prudential Financial Inc29,258$3.09M0.00%−605−2.0%Reduced
Natixis Advisors, L.P.27,175$3.29M0.01%+27,175New
Miller Howard Investments Inc27,240$3.30M0.12%+914+3.5%Added
State of New Jersey Common Pension Fund D27,244$3.30M0.01%−3,353−11.0%Reduced
BNP Paribas Arbitrage, SA27,315$3.31M0.01%+774+2.9%Added
Chatham Capital Group, Inc.28,348$3.43M0.62%+75+0.3%Added
Goldman Sachs Group Inc29,398$3.56M0.00%−14,890−33.6%Reduced
First Trust Advisors LP30,349$3.67M0.00%+23,233+326.5%Added
Envestnet Asset Management Inc30,838$3.73M0.00%−7,196−18.9%Reduced
Aptus Capital Advisors, LLC31,979$3.87M0.13%+6,090+23.5%Added
Squarepoint Ops LLC33,920$4.11M0.02%+14,117+71.3%Added
EAM Investors, LLC34,332$4.16M0.68%+34,332New
Russell Investments Group, Ltd.34,783$4.21M0.01%−11,394−24.7%Reduced
Barclays PLC35,047$4.24M0.00%+11,842+51.0%Added
RBA Wealth Management, LLC35,216$4.26M2.01%+35,216New
California State Teachers Retirement System37,507$4.54M0.01%+469+1.3%Added
FMR LLC38,084$4.61M0.00%+17,300+83.2%Added
Marshall Wace, LLP39,488$4.78M0.01%+39,488New
Alliancebernstein L.P.40,849$4.95M0.00%+150.0%Added
Segall Bryant & Hamill, LLC44,151$5.34M0.05%−69−0.2%Reduced
EAM Global Investors LLC45,071$5.46M0.97%+45,071New
Royal Bank of Canada46,619$5.64M0.00%+41,892+886.2%Added
Profit Investment Management, LLC47,869$5.80M3.65%−9,500−16.6%Reduced
Hotchkis & Wiley Capital Management LLC49,595$6.00M0.02%−3,530−6.6%Reduced
Wells Fargo & Company51,775$6.27M0.00%−22,324−30.1%Reduced
Public Sector Pension Investment Board54,904$6.65M0.04%+140+0.3%Added
Public Employees Retirement System of Ohio55,065$6.67M0.02%−130.0%Reduced
Premier Fund Managers Ltd57,271$6.89M0.22%00.0%Unchanged
Marks Group Wealth Management, Inc58,448$7.09M0.86%−3,828−6.1%Reduced
Swiss National Bank59,700$7.23M0.00%−900−1.5%Reduced
TD Asset Management Inc60,100$7.28M0.01%−40,900−40.5%Reduced
Citadel Advisors LLC60,599$7.34M0.01%+29,844+97.0%Added
New York State Teachers Retirement System63,197$7.65M0.01%−500−0.8%Reduced
Rhumbline Advisers64,687$7.83M0.01%−536−0.8%Reduced
J. Goldman & Co LP68,012$8.24M0.76%−26,539−28.1%Reduced
Confluence Investment Management LLC71,607$8.67M0.12%+115+0.2%Added
American Capital Management Inc74,048$8.97M0.23%−415−0.6%Reduced