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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: 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 2022: $2.72B
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 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
Russell Investments Group, Ltd.3,832$401.9K0.00%00.0%Unchanged
AdvisorShares Investments LLC3,860$404.9K0.11%+3,860New
Pathstone Family Office, LLC5,112$418.2K0.01%+1,112+27.8%Added
Y-Intercept (Hong Kong) Ltd4,124$432.6K0.06%+4,124New
Pearl River Capital, LLC4,189$439.4K0.07%+1,576+60.3%Added
ProShare Advisors LLC4,235$444.2K0.00%+541+14.6%Added
Janney Montgomery Scott LLC4,547$477.0K0.00%+1,712+60.4%Added
Crossmark Global Holdings, Inc.4,696$492.0K0.01%+208+4.6%Added
Handelsbanken Fonder AB4,737$497.0K0.00%00.0%Unchanged
Janus Henderson Group PLC4,782$501.8K0.00%+4,782New
Synovus Financial Corp4,804$503.9K0.01%+113+2.4%Added
Walleye Capital LLC4,829$506.5K0.01%+4,829New
Walleye Trading LLC4,980$522.4K0.01%+4,980New
Public Employees Retirement Association of Colorado5,031$528.0K0.00%00.0%Unchanged
US Bancorp5,053$530.0K0.00%−63−1.2%Reduced
Campbell & CO Investment Adviser LLC5,077$532.5K0.13%+5,077New
Pitcairn Co5,248$550.5K0.05%+236+4.7%Added
Livforsakringsbolaget Skandia, Omsesidigt5,300$555.9K0.06%00.0%Unchanged
Mutual of America Capital Management LLC5,573$584.6K0.01%+231+4.3%Added
Truist Financial Corp5,651$592.7K0.00%+5,651New
Twinbeech Capital LP5,695$597.3K0.01%+5,695New
Everence Capital Management Inc5,730$601.0K0.05%00.0%Unchanged
The PNC Financial Services Group, Inc.5,999$629.3K0.00%−281−4.5%Reduced
SG Americas Securities, LLC6,319$663.0K0.01%−10,119−61.6%Reduced
AQR Capital Management LLC6,456$677.2K0.00%+274+4.4%Added
Heritage Wealth Management, LLC6,571$689.3K0.10%+3,622+122.8%Added
BNP Paribas Arbitrage, SA6,597$692.0K0.00%−26,530−80.1%Reduced
Hillsdale Investment Management Inc.6,600$692.3K0.06%−200−2.9%Reduced
Engineers Gate Manager LP6,732$706.1K0.04%+6,732New
Azzad Asset Management Inc6,744$707.4K0.11%−12,523−65.0%Reduced
Aquatic Capital Management LLC7,200$756.0K0.06%+7,200New
Quadrature Capital Ltd7,357$771.7K0.02%+7,357New
Royal Bank of Canada7,358$772.0K0.00%−34,148−82.3%Reduced
Winton Group Ltd7,510$787.7K0.05%−290−3.7%Reduced
LPL Financial LLC7,529$789.8K0.00%+1,127+17.6%Added
Arizona State Retirement System7,576$794.6K0.01%+276+3.8%Added
Algert Global LLC8,268$867.2K0.05%00.0%Unchanged
Teachers Retirement System of the State of Kentucky8,284$869.0K0.01%00.0%Unchanged
Boston Partners8,287$869.2K0.00%+192+2.4%Added
Hennion & Walsh Asset Management, Inc.8,357$877.0K0.05%−1,336−13.8%Reduced
Oregon Public Employees Retirement Fund8,838$927.0K0.01%−93−1.0%Reduced
Ensign Peak Advisors, Inc9,008$944.8K0.00%−2,200−19.6%Reduced
Gotham Asset Management, LLC9,068$951.1K0.03%+1,753+24.0%Added
Squarepoint Ops LLC9,156$960.4K0.01%−19,637−68.2%Reduced
AE Wealth Management LLC9,315$977.1K0.01%+492+5.6%Added
Aviva PLC9,318$977.4K0.00%−7,048−43.1%Reduced
Price T Rowe Associates Inc9,542$1.00M0.00%+1,676+21.3%Added
PYA Waltman Capital, LLC9,577$1.00M0.53%00.0%Unchanged
Oberweis Asset Management Inc9,800$1.03M0.22%+3,600+58.1%Added
Ancora Advisors, LLC9,900$1.04M0.03%−640,743−98.5%Reduced
NJ State Employees Deferred Compensation Plan10,000$1.05M0.17%00.0%Unchanged
Susquehanna International Group, LLP10,005$1.05M0.00%−2,439−19.6%Reduced
HSBC Holdings PLC10,085$1.06M0.00%+5,834+137.2%Added
Alps Advisors Inc10,276$1.08M0.01%+670+7.0%Added
Voya Investment Management LLC10,296$1.08M0.00%−200−1.9%Reduced
STRS Ohio10,400$1.09M0.00%−1,700−14.0%Reduced
State Board of Administration of Florida Retirement System10,468$1.10M0.00%−570−5.2%Reduced
Trexquant Investment LP10,487$1.10M0.03%+5,770+122.3%Added
Manufacturers Life Insurance Company, The10,634$1.12M0.00%+20+0.2%Added
Creative Planning10,699$1.12M0.00%+10,699New
Maryland State Retirement & Pension System10,946$1.15M0.03%+10,946New
Graham Capital Management, L.P.11,467$1.20M0.05%+5,478+91.5%Added
Mirae Asset Global Investments Co., Ltd.11,522$1.21M0.00%+181+1.6%Added
American Century Companies Inc11,586$1.22M0.00%+2,950+34.2%Added
SEI Investments Co12,171$1.28M0.00%+8,948+277.6%Added
Louisiana State Employees Retirement System12,600$1.32M0.04%−200−1.6%Reduced
Amalgamated Bank13,086$1.37M0.01%+19+0.1%Added
Susquehanna Fundamental Investments, LLC13,270$1.39M0.02%−3,857−22.5%Reduced
Logan Capital Management Inc13,508$1.42M0.07%−1,872−12.2%Reduced
MetLife Investment Management13,970$1.47M0.01%00.0%Unchanged
Deutsche Bank AG14,163$1.49M0.00%+1,451+11.4%Added
American International Group, Inc.14,592$1.53M0.01%−132−0.9%Reduced
M&T Bank Corp14,813$1.55M0.01%−279−1.8%Reduced
ExodusPoint Capital Management, LP15,089$1.58M0.02%−13,730−47.6%Reduced
Teacher Retirement System of Texas15,299$1.60M0.01%−2,011−11.6%Reduced
ClariVest Asset Management LLC15,356$1.61M0.08%−25−0.2%Reduced
Millennium Management LLC15,450$1.62M0.00%−236,488−93.9%Reduced
Comerica Bank16,173$1.63M0.01%−4,803−22.9%Reduced
Renaissance Group LLC15,671$1.64M0.08%+223+1.4%Added
Ergoteles LLC17,118$1.80M0.07%+17,118New
Northwest Investment Counselors, LLC17,469$1.83M0.53%+10.0%Added
Yousif Capital Management, LLC17,506$1.84M0.02%−4,110−19.0%Reduced
Texas Permanent School Fund17,876$1.88M0.03%−1,438−7.4%Reduced
State of Alaska, Department of Revenue18,518$1.94M0.02%−76−0.4%Reduced
Citigroup Inc18,688$1.96M0.00%+3,264+21.2%Added
New York State Common Retirement Fund19,400$2.03M0.00%00.0%Unchanged
State of New Jersey Common Pension Fund D20,911$2.19M0.01%−2,301−9.9%Reduced
Martingale Asset Management L P21,114$2.21M0.04%−105−0.5%Reduced
Isthmus Partners, LLC21,918$2.30M0.35%+85+0.4%Added
TD Asset Management Inc22,700$2.38M0.00%−11,000−32.6%Reduced
Cambiar Investors LLC23,790$2.50M0.11%+3,568+17.6%Added
First National Bank of Omaha23,961$2.51M0.16%−341−1.4%Reduced
Wells Fargo & Company24,724$2.59M0.00%−962−3.7%Reduced
State of Tennessee, Treasury Department24,961$2.62M0.01%+3,205+14.7%Added
CIBC World Markets Inc.25,653$2.69M0.01%00.0%Unchanged
HRT Financial LP26,349$2.76M0.04%+26,349New
Cardinal Capital Management26,403$2.77M0.59%+198+0.8%Added
D. E. Shaw & Co., Inc.27,822$2.92M0.00%+5,517+24.7%Added
Qube Research & Technologies Ltd27,962$2.93M0.02%+25,189+908.4%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys28,457$2.98M0.03%+3,992+16.3%Added