Skip to main content

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, Q3 2023

Institutional positions in Forward Air Corp as of Sep 30, 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
252
+8 vs. Q2 2023
Shares held
25.5M
+159.3K (+0.6%) vs. Q2 2023
Total value
$1.76B
−$920.6M (−34.4%) vs. Q2 2023
New holders
58
78 more added
Sold out
50
89 more reduced

1 institution that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2023: 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 holdersQ3 2023: 252 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 heldQ3 2023: $1.76B
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, Q3 2023

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q2 2023.

Institutions holding FWRD in Q3 2023
InstitutionSharesValue% of portfolioChange in sharesAction
First Trust Advisors LP17,425$1.20M0.00%−41,723−70.5%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys17,179$1.18M0.01%−12,164−41.5%Reduced
Gsa Capital Partners LLP16,885$1.16M0.10%+10,440+162.0%Added
State of Alaska, Department of Revenue16,001$1.10M0.01%−1,081−6.3%Reduced
State of Tennessee, Treasury Department15,894$1.09M0.00%−475−2.9%Reduced
Northwest Investment Counselors, LLC15,657$1.08M0.30%−509−3.1%Reduced
Edgestream Partners, L.P.15,300$1.05M0.08%−1,732−10.2%Reduced
Illinois Municipal Retirement Fund14,834$1.02M0.02%+14,834New
Price T Rowe Associates Inc14,673$1.01M0.00%+1,573+12.0%Added
Barclays PLC14,394$989.4K0.00%−187−1.3%Reduced
Deutsche Bank AG14,374$988.1K0.00%+1,850+14.8%Added
American International Group, Inc.14,333$985.3K0.01%+294+2.1%Added
Summit Global Investments14,190$975.0K0.06%+14,190New
Voya Investment Management LLC14,119$970.5K0.00%+3,567+33.8%Added
ExodusPoint Capital Management, LP14,058$966.0K0.01%+10,696+318.1%Added
SEI Investments Co13,680$940.4K0.00%−4,473−24.6%Reduced
MetLife Investment Management13,585$933.8K0.01%00.0%Unchanged
Yousif Capital Management, LLC13,364$918.6K0.01%−969−6.8%Reduced
Louisiana State Employees Retirement System13,100$900.5K0.02%−500−3.7%Reduced
Manufacturers Life Insurance Company, The12,949$890.1K0.00%+2,459+23.4%Added
Logan Capital Management Inc12,637$868.7K0.04%00.0%Unchanged
STRS Ohio12,600$866.0K0.00%+11,900+1,700.0%Added
Marathon Partners Equity Management, LLC12,500$859.3K1.30%+12,500New
Connor, Clark & Lunn Investment Management Ltd.12,241$841.4K0.00%+12,241New
Allspring Global Investments Holdings, LLC12,118$833.0K0.00%−5,465−31.1%Reduced
Mirae Asset Global Investments Co., Ltd.11,700$804.3K0.00%00.0%Unchanged
Susquehanna International Group, LLP11,533$792.8K0.00%−5,215−31.1%Reduced
Amalgamated Bank11,490$790.0K0.01%−413−3.5%Reduced
Captrust Financial Advisors10,823$744.0K0.00%+3,032+38.9%Added
Raymond James Financial Services Advisors, Inc.10,531$723.9K0.00%−23,740−69.3%Reduced
Creative Planning10,190$700.5K0.00%−462−4.3%Reduced
Atom Investors LP10,080$692.9K0.16%+10,080New
NJ State Employees Deferred Compensation Plan10,000$687.4K0.10%00.0%Unchanged
Vazirani Asset Management LLC10,000$687.4K1.09%+10,000New
Gotham Asset Management, LLC9,668$664.6K0.01%+3,125+47.8%Added
Ensign Peak Advisors, Inc9,608$660.5K0.00%00.0%Unchanged
PYA Waltman Capital, LLC9,577$658.3K0.28%00.0%Unchanged
Maryland State Retirement & Pension System9,465$650.6K0.01%−649−6.4%Reduced
Jane Street Group, LLC9,415$647.2K0.00%−13,244−58.4%Reduced
Teachers Retirement System of the State of Kentucky8,755$602.0K0.01%00.0%Unchanged
Aviva PLC8,706$598.5K0.00%−5,327−38.0%Reduced
Wells Fargo & Company8,662$595.4K0.00%−22,762−72.4%Reduced
Graham Capital Management, L.P.8,524$585.9K0.02%+8,524New
Capstone Investment Advisors, LLC8,513$585.2K0.02%+6,234+273.5%Added
Y-Intercept (Hong Kong) Ltd8,437$580.0K0.06%+8,437New
Algert Global LLC8,120$558.2K0.03%+8,120New
Oregon Public Employees Retirement Fund7,687$528.4K0.01%−400−4.9%Reduced
State Board of Administration of Florida Retirement System7,468$513.4K0.00%−59−0.8%Reduced
Arizona State Retirement System7,391$508.1K0.00%+60+0.8%Added
Teza Capital Management LLC7,354$505.5K0.08%+7,354New
Dark Forest Capital Management LP7,297$501.6K0.04%−3,479−32.3%Reduced
Quantamental Technologies LLC7,258$498.9K0.47%+7,258New
LPL Financial LLC7,103$488.3K0.00%−307−4.1%Reduced
Snowden Capital Advisors LLC7,031$483.3K0.02%+7,031New
Teacher Retirement System of Texas6,964$479.0K0.00%+251+3.7%Added
Dynamic Technology Lab Private Ltd6,830$469.0K0.05%+6,830New
Martingale Asset Management L P6,500$446.8K0.01%−13,924−68.2%Reduced
Handelsbanken Fonder AB6,247$429.0K0.00%+1,510+31.9%Added
Aquatic Capital Management LLC6,000$412.0K0.02%+4,200+233.3%Added
Engineers Gate Manager LP5,738$394.4K0.01%+5,738New
Meritage Portfolio Management5,446$374.0K0.03%+1,767+48.0%Added
The PNC Financial Services Group, Inc.5,080$349.2K0.00%−1,042−17.0%Reduced
Crossmark Global Holdings, Inc.4,644$338.0K0.01%+110+2.4%Added
Hancock Whitney Corp4,899$336.8K0.01%+76+1.6%Added
Toroso Investments, LLC4,749$326.4K0.01%−174−3.5%Reduced
Everence Capital Management Inc4,570$314.0K0.02%00.0%Unchanged
Synovus Financial Corp4,533$311.6K0.00%+509+12.6%Added
Mutual of America Capital Management LLC4,504$309.6K0.00%−567−11.2%Reduced
Balyasny Asset Management LLC4,485$308.3K0.00%−20,706−82.2%Reduced
CWM Advisors, LLC4,478$307.8K0.04%+1,471+48.9%Added
Premier Fund Managers Ltd4,517$306.0K0.01%−8,883−66.3%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)4,343$298.5K0.00%+588+15.7%Added
Public Employees Retirement Association of Colorado4,223$290.0K0.00%−533−11.2%Reduced
ProShare Advisors LLC4,139$284.5K0.00%−107−2.5%Reduced
Pathstone Family Office, LLC4,026$276.7K0.00%+78+2.0%Added
Equitable Trust Co3,929$270.1K0.02%+3,929New
Donoghue Forlines LLC3,915$269.1K0.10%+3,915New
Bank of Montreal3,737$258.9K0.00%+260+7.5%Added
XTX Topco Ltd3,731$256.5K0.04%+1,541+70.4%Added
Prelude Capital Management, LLC3,584$246.4K0.02%+3,584New
Keebeck Alpha, LP3,584$246.4K0.24%+3,584New
Cim Investment Mangement Inc3,541$243.4K0.09%00.0%Unchanged
SageView Advisory Group, LLC3,437$236.3K0.01%−32−0.9%Reduced
Amundi3,275$235.9K0.00%−106−3.1%Reduced
Guggenheim Capital LLC3,389$233.0K0.00%+961+39.6%Added
AQR Capital Management LLC3,373$231.9K0.00%−2,048−37.8%Reduced
QRG Capital Management, Inc.3,363$231.1K0.00%+3,363New
New York Life Investment Management LLC3,304$227.1K0.00%−521−13.6%Reduced
Advisor Group Holdings, Inc.3,245$223.1K0.00%+831+34.4%Added
Vestcor Inc3,194$220.0K0.01%+1,914+149.5%Added
US Bancorp3,041$209.0K0.00%−1,496−33.0%Reduced
Tower Research Capital LLC (TRC)3,017$207.4K0.01%+2,262+299.6%Added
Fox Run Management, L.L.C.3,010$206.9K0.06%+3,010New
Ameritas Investment Partners, Inc.2,600$178.7K0.01%+516+24.8%Added
Point72 Asset Management, L.P.2,547$175.1K0.00%−25,292−90.9%Reduced
PEAK6 Investments LLC2,450$168.4K0.01%+2,450New
AlphaMark Advisors, LLC2,234$154.0K0.07%+2,234New
Anchor Investment Management, LLC1,995$137.1K0.02%00.0%Unchanged
Huntington National Bank1,635$112.4K0.00%−6−0.4%Reduced
Nisa Investment Advisors, LLC1,615$111.0K0.00%+12+0.7%Added