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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 2022

Institutional positions in Forward Air Corp as of Dec 31, 2022. 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
276
+33 vs. Q3 2022
Shares held
25.9M
−277.7K (−1.1%) vs. Q3 2022
Total value
$2.72B
+$353.7M (+15.0%) vs. Q3 2022
New holders
50
93 more added
Sold out
17
93 more reduced

3 institutions that held it in Q3 2022 haven't filed for Q4 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2022: 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 2022: 276 institutions
Q1 2021: 206 institutionsQ2 2021: 220 institutionsQ3 2021: 216 institutionsQ4 2021: 240 institutionsQ1 2022: 246 institutionsQ2 2022: 247 institutionsQ3 2022: 247 institutionsQ4 2022: 276 institutionsQ1 2023: 259 institutionsQ2 2023: 245 institutionsQ3 2023: 252 institutionsQ4 2023: 264 institutionsQ1 2024: 226 institutionsQ2 2024: 192 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 2022: $2.72B
Q1 2021: $2.38BQ2 2021: $2.39BQ3 2021: $2.20BQ4 2021: $3.20BQ1 2022: $2.57BQ2 2022: $2.46BQ3 2022: $2.41BQ4 2022: $2.72BQ1 2023: $2.82BQ2 2023: $2.68BQ3 2023: $1.76BQ4 2023: $1.68BQ1 2024: $980.7MQ2 2024: $637.0MQ3 2024: $1.18BQ4 2024: $1.07BQ1 2025: $671.9MQ2 2025: $812.5MQ3 2025: $886.8MQ4 2025: $744.6MQ1 2026: $493.0MQ2 2026: $412.0M
Institutions holding FWRD and their total value by quarter
QuarterHoldersValue
Q2 2026187$412.0M
Q1 2026193$493.0M
Q4 2025202$744.6M
Q3 2025202$886.8M
Q2 2025181$812.5M
Q1 2025195$671.9M
Q4 2024211$1.07B
Q3 2024208$1.18B
Q2 2024192$637.0M
Q1 2024226$980.7M
Q4 2023264$1.68B
Q3 2023252$1.76B
Q2 2023245$2.68B
Q1 2023259$2.82B
Q4 2022276$2.72B
Q3 2022247$2.41B
Q2 2022247$2.46B
Q1 2022246$2.57B
Q4 2021240$3.20B
Q3 2021216$2.20B
Q2 2021220$2.39B
Q1 2021206$2.38B

Institutions, Q4 2022

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q3 2022.

Institutions holding FWRD in Q4 2022
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock Inc.4,243,349$445.1M0.01%+75,774+1.8%Added
Vanguard Group Inc3,025,510$317.3M0.01%+90,793+3.1%Added
Neuberger Berman Group LLC1,375,360$144.3M0.14%+26,935+2.0%Added
ArrowMark Colorado Holdings LLC1,192,544$125.1M1.49%−187,887−13.6%Reduced
Silvercrest Asset Management Group LLC1,191,832$125.0M0.96%−21,912−1.8%Reduced
Clearbridge Investments, LLC1,109,438$116.4M0.11%+1,173+0.1%Added
State Street Corp968,555$101.6M0.01%−30,892−3.1%Reduced
Royce & Associates LP884,650$92.8M0.98%−9,861−1.1%Reduced
Morgan Stanley821,438$86.2M0.01%+359,147+77.7%Added
Thrivent Financial for Lutherans789,799$82.8M0.21%+27,349+3.6%Added
Dimensional Fund Advisors LP776,069$81.4M0.02%−13,033−1.7%Reduced
Victory Capital Management Inc711,240$74.6M0.09%+31,798+4.7%Added
Geode Capital Management, LLC556,102$58.3M0.01%+71,999+14.9%Added
Ameriprise Financial Inc547,810$57.5M0.02%+374,828+216.7%Added
Northern Trust Corp363,519$38.1M0.01%+3,662+1.0%Added
Charles Schwab Investment Management Inc325,312$34.1M0.01%+246+0.1%Added
Norges Bank317,936$33.3M0.01%+22,253+7.5%Added
Nuveen Asset Management, LLC295,193$31.0M0.01%+43,237+17.2%Added
Bank of New York Mellon Corp288,308$30.2M0.01%−4,799−1.6%Reduced
Boston Trust Walden Corp263,865$27.7M0.24%−1,343−0.5%Reduced
Vulcan Value Partners, LLC227,069$23.8M0.32%+227,069New
Emerald Advisers, LLC211,233$22.2M1.07%+435+0.2%Added
Loomis Sayles & Co L P196,706$20.6M0.04%+196,706New
Cardinal Capital Management LLC195,078$20.5M0.66%−152,798−43.9%Reduced
Tributary Capital Management, LLC188,982$19.8M1.98%−6,609−3.4%Reduced
Emerald Mutual Fund Advisers Trust172,183$18.1M1.12%00.0%Unchanged
Principal Financial Group Inc169,932$17.8M0.01%−1,345−0.8%Reduced
Driehaus Capital Management LLC164,008$17.2M0.26%+28,169+20.7%Added
UBS Asset Management Americas Inc156,120$16.4M0.01%+8,812+6.0%Added
Weiss Multi-Strategy Advisers LLC148,823$15.6M0.45%−57,701−27.9%Reduced
Bank of America Corp135,182$14.2M0.00%−13,507−9.1%Reduced
Pacer Advisors, Inc.131,508$13.8M0.07%+131,491+773,476.5%Added
Renaissance Technologies LLC113,539$11.9M0.02%−6,225−5.2%Reduced
Invesco Ltd.108,131$11.3M0.00%+6,134+6.0%Added
Fort Washington Investment Advisors Inc101,392$10.6M0.08%−40,200−28.4%Reduced
Scout Investments, Inc.98,782$10.4M0.21%−1,635−1.6%Reduced
Credit Suisse AG87,486$9.18M0.01%+63,997+272.5%Added
Goldman Sachs Group Inc86,475$9.07M0.00%+10,975+14.5%Added
Raymond James & Associates82,175$8.62M0.01%−33,522−29.0%Reduced
Assenagon Asset Management S.A.80,324$8.43M0.03%−238,871−74.8%Reduced
Legal & General Group Plc78,166$8.20M0.00%+498+0.6%Added
Rhumbline Advisers76,032$7.97M0.01%+806+1.1%Added
JPMorgan Chase & Co75,750$7.95M0.00%−77,069−50.4%Reduced
Hotchkis & Wiley Capital Management LLC71,840$7.54M0.03%+1,610+2.3%Added
First Trust Advisors LP66,983$7.03M0.01%+974+1.5%Added
J. Goldman & Co LP66,526$6.98M0.49%−79,531−54.5%Reduced
Swiss National Bank64,800$6.80M0.00%+1,100+1.7%Added
American Capital Management Inc64,525$6.77M0.27%−6,025−8.5%Reduced
Running Oak Capital LLC63,589$6.67M1.96%+4,234+7.1%Added
Marks Group Wealth Management, Inc63,148$6.62M0.90%−379−0.6%Reduced
New York State Teachers Retirement System60,397$6.33M0.02%−2,300−3.7%Reduced
Premier Fund Managers Ltd57,271$6.06M0.24%00.0%Unchanged
FMR LLC56,075$5.88M0.00%+5,930+11.8%Added
Confluence Investment Management LLC54,143$5.68M0.08%−6,799−11.2%Reduced
Profit Investment Management, LLC53,047$5.56M3.91%00.0%Unchanged
Public Sector Pension Investment Board48,375$5.07M0.04%−843−1.7%Reduced
Cubist Systematic Strategies, LLC48,247$5.06M0.04%−14,234−22.8%Reduced
Public Employees Retirement System of Ohio47,956$5.03M0.02%−6,921−12.6%Reduced
Raymond James Financial Services Advisors, Inc.45,434$4.77M0.01%−46,608−50.6%Reduced
Aptus Capital Advisors, LLC42,229$4.43M0.15%+4,495+11.9%Added
Alliancebernstein L.P.40,630$4.26M0.00%−150.0%Reduced
Segall Bryant & Hamill, LLC39,240$4.12M0.05%+219+0.6%Added
RBA Wealth Management, LLC37,725$3.96M2.08%+792+2.1%Added
Envestnet Asset Management Inc35,719$3.75M0.00%+772+2.2%Added
California State Teachers Retirement System34,097$3.58M0.01%+365+1.1%Added
Panagora Asset Management Inc32,711$3.43M0.02%−1,629−4.7%Reduced
Man Group plc32,360$3.39M0.01%+4,166+14.8%Added
Los Angeles Capital Management LLC32,261$3.38M0.02%−2,349−6.8%Reduced
Great West Life Assurance Co31,976$3.36M0.01%−767−2.3%Reduced
Miller Howard Investments Inc31,462$3.30M0.12%+219+0.7%Added
Natixis Advisors, L.P.30,518$3.20M0.01%+1,129+3.8%Added
Citadel Advisors LLC30,168$3.16M0.00%−27,862−48.0%Reduced
Chatham Capital Group, Inc.29,268$3.07M0.72%−50−0.2%Reduced
Barclays PLC28,624$3.00M0.00%+6,891+31.7%Added
Prudential Financial Inc28,577$3.00M0.01%−419−1.4%Reduced
UBS Group AG28,529$2.99M0.00%+23,512+468.6%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys28,457$2.98M0.03%+3,992+16.3%Added
Qube Research & Technologies Ltd27,962$2.93M0.02%+25,189+908.4%Added
D. E. Shaw & Co., Inc.27,822$2.92M0.00%+5,517+24.7%Added
Cardinal Capital Management26,403$2.77M0.59%+198+0.8%Added
HRT Financial LP26,349$2.76M0.04%+26,349New
CIBC World Markets Inc.25,653$2.69M0.01%00.0%Unchanged
State of Tennessee, Treasury Department24,961$2.62M0.01%+3,205+14.7%Added
Wells Fargo & Company24,724$2.59M0.00%−962−3.7%Reduced
First National Bank of Omaha23,961$2.51M0.16%−341−1.4%Reduced
Cambiar Investors LLC23,790$2.50M0.11%+3,568+17.6%Added
TD Asset Management Inc22,700$2.38M0.00%−11,000−32.6%Reduced
Isthmus Partners, LLC21,918$2.30M0.35%+85+0.4%Added
Martingale Asset Management L P21,114$2.21M0.04%−105−0.5%Reduced
State of New Jersey Common Pension Fund D20,911$2.19M0.01%−2,301−9.9%Reduced
New York State Common Retirement Fund19,400$2.03M0.00%00.0%Unchanged
Citigroup Inc18,688$1.96M0.00%+3,264+21.2%Added
State of Alaska, Department of Revenue18,518$1.94M0.02%−76−0.4%Reduced
Texas Permanent School Fund17,876$1.88M0.03%−1,438−7.4%Reduced
Yousif Capital Management, LLC17,506$1.84M0.02%−4,110−19.0%Reduced
Northwest Investment Counselors, LLC17,469$1.83M0.53%+10.0%Added
Ergoteles LLC17,118$1.80M0.07%+17,118New
Renaissance Group LLC15,671$1.64M0.08%+223+1.4%Added
Comerica Bank16,173$1.63M0.01%−4,803−22.9%Reduced
Millennium Management LLC15,450$1.62M0.00%−236,488−93.9%Reduced