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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, Q1 2023

Institutional positions in Forward Air Corp as of Mar 31, 2023. 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
259
−15 vs. Q4 2022
Shares held
26.0M
+66.9K (+0.3%) vs. Q4 2022
Total value
$2.80B
+$85.4M (+3.1%) vs. Q4 2022
New holders
30
81 more added
Sold out
45
107 more reduced

2 institutions that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2023: 259 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 heldQ1 2023: $2.80B
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, Q1 2023

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q4 2022.

Institutions holding FWRD in Q1 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Pathstone Family Office, LLC4,087$441.8K0.01%−1,025−20.1%Reduced
Pearl River Capital, LLC4,259$458.9K0.07%+70+1.7%Added
Synovus Financial Corp4,260$459.1K0.01%−544−11.3%Reduced
Walleye Trading LLC4,421$476.4K0.02%−559−11.2%Reduced
New York Life Investment Management LLC4,503$485.2K0.01%+4,503New
Everence Capital Management Inc4,570$492.0K0.04%−1,160−20.2%Reduced
Bank of Montreal4,592$497.4K0.00%+895+24.2%Added
HRT Financial LP4,664$502.0K0.01%−21,685−82.3%Reduced
Jane Street Group, LLC4,662$502.4K0.00%+1,648+54.7%Added
Hancock Whitney Corp4,674$503.0K0.02%+4,674New
US Bancorp4,691$505.5K0.00%−362−7.2%Reduced
Handelsbanken Fonder AB4,737$510.0K0.00%00.0%Unchanged
Pitcairn Co4,873$525.1K0.05%−375−7.1%Reduced
Crossmark Global Holdings, Inc.4,876$526.0K0.01%+180+3.8%Added
Virginia Retirement Systems Et Al4,900$528.0K0.01%+4,900New
Public Employees Retirement Association of Colorado5,031$542.0K0.00%00.0%Unchanged
Toroso Investments, LLC5,072$547.0K0.02%+5,072New
Livforsakringsbolaget Skandia, Omsesidigt5,300$570.4K0.06%00.0%Unchanged
Mutual of America Capital Management LLC5,475$590.0K0.01%−98−1.8%Reduced
AQR Capital Management LLC5,556$598.7K0.00%−900−13.9%Reduced
The PNC Financial Services Group, Inc.5,570$600.3K0.00%−429−7.2%Reduced
Ergoteles LLC5,653$609.2K0.02%−11,465−67.0%Reduced
Azzad Asset Management Inc5,962$642.4K0.09%−782−11.6%Reduced
Tudor Investment Corp Et Al6,527$703.0K0.01%+6,527New
Gsa Capital Partners LLP6,807$734.0K0.07%+6,807New
Boston Partners7,137$769.1K0.00%−1,150−13.9%Reduced
LPL Financial LLC7,348$791.8K0.00%−181−2.4%Reduced
ClariVest Asset Management LLC7,654$824.0K0.04%−7,702−50.2%Reduced
Arizona State Retirement System7,704$830.2K0.01%+128+1.7%Added
Teachers Retirement System of the State of Kentucky8,284$892.0K0.01%00.0%Unchanged
Oregon Public Employees Retirement Fund8,531$919.3K0.01%−307−3.5%Reduced
Winton Group Ltd9,191$990.4K0.06%+1,681+22.4%Added
Gotham Asset Management, LLC9,202$991.6K0.02%+134+1.5%Added
Algert Global LLC9,297$1.00M0.05%+1,029+12.4%Added
Vident Investment Advisory, LLC9,562$1.03M0.03%+9,562New
PYA Waltman Capital, LLC9,577$1.03M0.51%00.0%Unchanged
Ensign Peak Advisors, Inc9,608$1.04M0.00%+600+6.7%Added
NJ State Employees Deferred Compensation Plan10,000$1.08M0.17%00.0%Unchanged
STRS Ohio10,100$1.09M0.00%−300−2.9%Reduced
Voya Investment Management LLC10,248$1.10M0.00%−48−0.5%Reduced
State Board of Administration of Florida Retirement System10,468$1.13M0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The10,679$1.15M0.00%+45+0.4%Added
Maryland State Retirement & Pension System10,708$1.15M0.03%−238−2.2%Reduced
Panagora Asset Management Inc10,802$1.16M0.01%−21,909−67.0%Reduced
Price T Rowe Associates Inc10,849$1.17M0.00%+1,307+13.7%Added
Alps Advisors Inc10,966$1.18M0.01%+690+6.7%Added
Teacher Retirement System of Texas11,199$1.21M0.01%−4,100−26.8%Reduced
Mirae Asset Global Investments Co., Ltd.11,700$1.26M0.00%+178+1.5%Added
Creative Planning11,763$1.27M0.00%+1,064+9.9%Added
Amalgamated Bank12,274$1.32M0.01%−812−6.2%Reduced
Louisiana State Employees Retirement System12,400$1.34M0.03%−200−1.6%Reduced
Logan Capital Management Inc12,637$1.36M0.07%−871−6.4%Reduced
Susquehanna Fundamental Investments, LLC13,270$1.43M0.03%00.0%Unchanged
SG Americas Securities, LLC13,424$1.45M0.02%+7,105+112.4%Added
Aviva PLC13,516$1.46M0.01%+4,198+45.1%Added
Barclays PLC13,638$1.47M0.00%−14,986−52.4%Reduced
MetLife Investment Management13,970$1.51M0.01%00.0%Unchanged
New York State Common Retirement Fund14,130$1.52M0.00%−5,270−27.2%Reduced
Allspring Global Investments Holdings, LLC14,131$1.52M0.00%+13,591+2,516.9%Added
American International Group, Inc.14,660$1.58M0.01%+68+0.5%Added
Susquehanna International Group, LLP14,829$1.60M0.00%+4,824+48.2%Added
American Century Companies Inc15,494$1.62M0.00%+3,908+33.7%Added
Yousif Capital Management, LLC15,536$1.67M0.02%−1,970−11.3%Reduced
Millennium Management LLC15,604$1.68M0.00%+154+1.0%Added
Royal Bank of Canada15,906$1.71M0.00%+8,548+116.2%Added
Citigroup Inc16,207$1.75M0.00%−2,481−13.3%Reduced
Northwest Investment Counselors, LLC16,309$1.76M0.49%−1,160−6.6%Reduced
State of Tennessee, Treasury Department16,369$1.76M0.01%−8,592−34.4%Reduced
Renaissance Group LLC16,964$1.83M0.08%+1,293+8.3%Added
M&T Bank Corp17,256$1.86M0.01%+2,443+16.5%Added
BNP Paribas Arbitrage, SA17,422$1.88M0.00%+10,825+164.1%Added
SEI Investments Co18,149$1.96M0.00%+5,978+49.1%Added
State of Alaska, Department of Revenue18,208$1.96M0.02%−310−1.7%Reduced
First National Bank of Omaha18,484$1.99M0.12%−5,477−22.9%Reduced
Deutsche Bank AG19,474$2.10M0.00%+5,311+37.5%Added
Martingale Asset Management L P20,424$2.20M0.04%−690−3.3%Reduced
Premier Fund Managers Ltd21,683$2.27M0.09%−35,588−62.1%Reduced
Janus Henderson Group PLC21,492$2.32M0.00%+16,710+349.4%Added
Isthmus Partners, LLC22,401$2.41M0.34%+483+2.2%Added
State of New Jersey Common Pension Fund D22,443$2.42M0.01%+1,532+7.3%Added
TD Asset Management Inc22,700$2.45M0.00%00.0%Unchanged
Cambiar Investors LLC23,696$2.55M0.11%−94−0.4%Reduced
Texas Permanent School Fund23,846$2.57M0.03%+5,970+33.4%Added
Wells Fargo & Company26,083$2.81M0.00%+1,359+5.5%Added
Cardinal Capital Management26,331$2.84M0.59%−72−0.3%Reduced
Prudential Financial Inc27,448$2.96M0.00%−1,129−4.0%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys28,154$3.03M0.03%−303−1.1%Reduced
Chatham Capital Group, Inc.28,737$3.10M0.69%−531−1.8%Reduced
Natixis Advisors, L.P.30,113$3.25M0.01%−405−1.3%Reduced
Great West Life Assurance Co30,313$3.26M0.01%−1,663−5.2%Reduced
Miller Howard Investments Inc31,834$3.43M0.12%+372+1.2%Added
California State Teachers Retirement System33,362$3.60M0.01%−735−2.2%Reduced
Man Group plc–$3.78M0.01%––
UBS Group AG36,514$3.93M0.00%+7,985+28.0%Added
Alliancebernstein L.P.36,705$3.96M0.00%−3,925−9.7%Reduced
Segall Bryant & Hamill, LLC38,872$4.19M0.05%−368−0.9%Reduced
RBA Wealth Management, LLC38,924$4.19M2.09%+1,199+3.2%Added
Aptus Capital Advisors, LLC40,321$4.34M0.12%−1,908−4.5%Reduced
Envestnet Asset Management Inc41,141$4.43M0.00%+5,422+15.2%Added
Walleye Capital LLC42,083$4.53M0.09%+37,254+771.5%Added