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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
Advantage Alpha Capital Partners LP43,094$4.64M0.97%+43,094New
Raymond James Financial Services Advisors, Inc.44,107$4.75M0.01%−1,327−2.9%Reduced
Public Sector Pension Investment Board46,766$5.04M0.04%−1,609−3.3%Reduced
Public Employees Retirement System of Ohio47,958$5.17M0.02%+20.0%Added
Raymond James & Associates48,557$5.23M0.00%−33,618−40.9%Reduced
Renaissance Technologies LLC51,339$5.53M0.01%−62,200−54.8%Reduced
Confluence Investment Management LLC52,737$5.68M0.08%−1,406−2.6%Reduced
Profit Investment Management, LLC53,047$5.72M3.78%00.0%Unchanged
Swiss National Bank57,400$6.19M0.00%−7,400−11.4%Reduced
New York State Teachers Retirement System59,506$6.41M0.02%−891−1.5%Reduced
Running Oak Capital LLC62,713$6.76M1.93%−876−1.4%Reduced
First Trust Advisors LP62,857$6.77M0.01%−4,126−6.2%Reduced
Marks Group Wealth Management, Inc63,531$6.85M0.87%+383+0.6%Added
American Capital Management Inc64,213$6.92M0.24%−312−0.5%Reduced
Hotchkis & Wiley Capital Management LLC74,033$7.98M0.03%+2,193+3.1%Added
Goldman Sachs Group Inc76,323$8.22M0.00%−10,152−11.7%Reduced
Legal & General Group Plc77,585$8.36M0.00%−581−0.7%Reduced
Rhumbline Advisers79,895$8.61M0.01%+3,863+5.1%Added
JPMorgan Chase & Co80,642$8.69M0.00%+4,892+6.5%Added
Weiss Multi-Strategy Advisers LLC92,326$9.95M0.24%−56,497−38.0%Reduced
River Road Asset Management, LLC94,545$10.2M0.14%+94,545New
Credit Suisse AG97,584$10.5M0.01%+10,098+11.5%Added
Scout Investments, Inc.97,676$10.5M0.21%−1,106−1.1%Reduced
Invesco Ltd.106,420$11.5M0.00%−1,711−1.6%Reduced
Driehaus Capital Management LLC116,360$12.5M0.18%−47,648−29.1%Reduced
Ceredex Value Advisors LLC118,800$12.8M0.20%+118,800New
Fort Washington Investment Advisors Inc126,178$13.6M0.10%+24,786+24.4%Added
Bank of America Corp138,347$14.9M0.00%+3,165+2.3%Added
Cardinal Capital Management LLC147,007$15.8M0.56%−48,071−24.6%Reduced
UBS Asset Management Americas Inc156,581$16.9M0.01%+461+0.3%Added
Tributary Capital Management, LLC160,084$17.3M1.60%−28,898−15.3%Reduced
Principal Financial Group Inc165,318$17.8M0.01%−4,614−2.7%Reduced
Emerald Mutual Fund Advisers Trust172,183$18.6M1.10%00.0%Unchanged
FMR LLC174,207$18.8M0.00%+118,132+210.7%Added
Pacer Advisors, Inc.181,610$19.6M0.08%+50,102+38.1%Added
Loomis Sayles & Co L P196,594$21.2M0.04%−112−0.1%Reduced
Emerald Advisers, LLC208,235$22.4M1.08%−2,998−1.4%Reduced
Nuveen Asset Management, LLC239,787$25.8M0.01%−55,406−18.8%Reduced
Boston Trust Walden Corp272,002$29.3M0.25%+8,137+3.1%Added
Bank of New York Mellon Corp281,212$30.3M0.01%−7,096−2.5%Reduced
Norges Bank282,753$30.5M0.01%−35,183−11.1%Reduced
Vulcan Value Partners, LLC292,427$31.5M0.40%+65,358+28.8%Added
Charles Schwab Investment Management Inc329,672$35.5M0.01%+4,360+1.3%Added
Northern Trust Corp374,687$40.4M0.01%+11,168+3.1%Added
Geode Capital Management, LLC561,887$60.5M0.01%+5,785+1.0%Added
Victory Capital Management Inc749,582$80.8M0.09%+38,342+5.4%Added
Royce & Associates LP757,049$81.6M0.82%−127,601−14.4%Reduced
Ameriprise Financial Inc775,947$83.6M0.03%+228,137+41.6%Added
Dimensional Fund Advisors LP780,777$84.1M0.03%+4,708+0.6%Added
Morgan Stanley807,650$87.0M0.01%−13,788−1.7%Reduced
State Street Corp971,879$104.7M0.01%+3,324+0.3%Added
Clearbridge Investments, LLC985,439$106.2M0.10%−123,999−11.2%Reduced
Thrivent Financial for Lutherans1,142,575$123.1M0.30%+352,776+44.7%Added
Silvercrest Asset Management Group LLC1,166,484$125.7M0.95%−25,348−2.1%Reduced
ArrowMark Colorado Holdings LLC1,229,373$132.5M1.51%+36,829+3.1%Added
Neuberger Berman Group LLC1,518,110$163.6M0.15%+142,750+10.4%Added
Vanguard Group Inc3,068,597$330.7M0.01%+43,087+1.4%Added
BlackRock Inc.4,066,598$438.2M0.01%−176,751−4.2%Reduced
Cerity Partners LLC116––+116New
Assenagon Asset Management S.A.0$00.00%−80,324−100.0%Sold out
J. Goldman & Co LP0$00.00%−66,526−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−48,247−100.0%Sold out
Los Angeles Capital Management LLC0$00.00%−32,261−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−27,962−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−27,822−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−15,089−100.0%Sold out
Graham Capital Management, L.P.0$00.00%−11,467−100.0%Sold out
Trexquant Investment LP0$00.00%−10,487−100.0%Sold out
HSBC Holdings PLC0$00.00%−10,085−100.0%Sold out
Ancora Advisors, LLC0$00.00%−9,900−100.0%Sold out
Oberweis Asset Management Inc0$00.00%−9,800−100.0%Sold out
AE Wealth Management LLC0$00.00%−9,315−100.0%Sold out
Squarepoint Ops LLC0$00.00%−9,156−100.0%Sold out
Quadrature Capital Ltd0$00.00%−7,357−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−7,200−100.0%Sold out
Engineers Gate Manager LP0$00.00%−6,732−100.0%Sold out
Hillsdale Investment Management Inc.0$00.00%−6,600−100.0%Sold out
Twinbeech Capital LP0$00.00%−5,695−100.0%Sold out
Truist Financial Corp0$00.00%−5,651−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−5,077−100.0%Sold out
XTX Topco Ltd0$00.00%−3,387−100.0%Sold out
FORA Capital, LLC0$00.00%−2,772−100.0%Sold out
Jump Financial, LLC0$00.00%−2,700−100.0%Sold out
Cambridge Investment Research Advisors, Inc.0$00.00%−2,445−100.0%Sold out
Quantbot Technologies LP0$00.00%−2,411−100.0%Sold out
Mercer Global Advisors Inc0$00.00%−2,360−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−2,345−100.0%Sold out
Voloridge Investment Management, LLC0$00.00%−2,185−100.0%Sold out
HighTower Advisors, LLC0$00.00%−2,121−100.0%Sold out
Point72 Middle East FZE0$00.00%−1,578−100.0%Sold out
One Wealth Advisors, LLC0$00.00%−1,400−100.0%Sold out
Rockefeller Capital Management L.P.0$00.00%−653−100.0%Sold out
Acadian Asset Management LLC0$00.00%−510−100.0%Sold out
GWM Advisors LLC0$00.00%−449−100.0%Sold out
Quarry LP0$00.00%−411−100.0%Sold out
Sutton Wealth Advisors Inc.0$00.00%−200−100.0%Sold out
Coppell Advisory Solutions LLC0$00.00%−194−100.0%Sold out
Coppell Advisory Solutions Corp.0$00.00%−194−100.0%Sold out
Comerica Securities,inc.0$00.00%−191−100.0%Sold out
Retirement Financial Solutions, LLC0$00.00%−100−100.0%Sold out