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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 2024

Institutional positions in Forward Air Corp as of Dec 31, 2024. 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
211
+5 vs. Q3 2024
Shares held
33.2M
+208.8K (+0.6%) vs. Q3 2024
Total value
$1.07B
−$96.5M (−8.3%) vs. Q3 2024
New holders
41
66 more added
Sold out
36
62 more reduced

2 institutions that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2024: 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 2024: 211 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 2024: $1.07B
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 2024

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q3 2024.

Institutions holding FWRD in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Diametric Capital, LP11,546$372.4K0.25%−13,235−53.4%Reduced
Janus Henderson Group PLC12,347$398.3K0.00%00.0%Unchanged
Quadrature Capital Ltd12,396$400.1K0.01%+12,396New
Corton Capital Inc.12,484$402.6K0.23%+2,214+21.6%Added
CWM Advisors, LLC12,601$406.4K0.05%+1,088+9.5%Added
Corebridge Financial, Inc.13,153$424.2K0.00%−987−7.0%Reduced
Boothbay Fund Management, LLC13,728$442.7K0.01%+13,728New
Mirae Asset Global ETFs Holdings Ltd.14,251$459.6K0.00%+498+3.6%Added
Group One Trading, L.P.14,703$474.2K0.02%−10,301−41.2%Reduced
MetLife Investment Management14,948$482.1K0.00%00.0%Unchanged
Thrivent Financial for Lutherans15,442$498.0K0.00%+432+2.9%Added
Lombard Odier Asset Management (USA) Corp16,000$516.0K0.20%+16,000New
Walleye Trading LLC16,868$544.0K0.01%−25,040−59.7%Reduced
Atom Investors LP17,286$557.5K0.07%−7,156−29.3%Reduced
State of Wisconsin Investment Board18,057$582.3K0.00%+9,975+123.4%Added
Independent Financial Group, LLC18,400$593.4K0.02%+400+2.2%Added
Bryce Point Capital, LLC18,436$594.6K0.17%+18,436New
Ensign Peak Advisors, Inc19,297$622.3K0.00%00.0%Unchanged
Great West Life Assurance Co19,592$632.0K0.00%−253−1.3%Reduced
California State Teachers Retirement System19,720$636.0K0.00%−559−2.8%Reduced
Creative Planning20,026$645.8K0.00%+141+0.7%Added
Polar Asset Management Partners Inc.20,111$648.6K0.01%−89,089−81.6%Reduced
Prudential Financial Inc20,258$653.3K0.00%00.0%Unchanged
Sugar Maple Asset Management, LLC20,900$674.0K0.51%+4,100+24.4%Added
Price T Rowe Associates Inc22,950$741.0K0.00%+1,524+7.1%Added
Legato Capital Management LLC23,096$744.8K0.10%+23,096New
Royal Bank of Canada25,091$810.0K0.00%−14,011−35.8%Reduced
Deutsche Bank AG26,786$863.8K0.00%−83,624−75.7%Reduced
HSBC Holdings PLC28,268$903.7K0.00%+28,268New
Wells Fargo & Company30,042$968.8K0.00%+2,773+10.2%Added
Numerai GP LLC31,394$1.01M0.28%+31,394New
New York State Teachers Retirement System32,260$1.04M0.00%−1,100−3.3%Reduced
Alliancebernstein L.P.33,067$1.07M0.00%−2,420−6.8%Reduced
Saba Capital Management, L.P.34,955$1.13M0.03%00.0%Unchanged
Quantbot Technologies LP38,114$1.23M0.04%+15,158+66.0%Added
Marshall Wace, LLP38,519$1.24M0.00%+38,519New
Citigroup Inc38,852$1.25M0.00%+7,100+22.4%Added
Swiss National Bank40,900$1.32M0.00%−400−1.0%Reduced
Two Sigma Advisers, LP43,300$1.40M0.00%−78,700−64.5%Reduced
UBS Asset Management Americas Inc44,204$1.43M0.00%−1,624−3.5%Reduced
Intech Investment Management LLC44,476$1.43M0.01%+32,139+260.5%Added
Susquehanna International Group, LLP44,743$1.44M0.00%−14,232−24.1%Reduced
Tudor Investment Corp Et Al46,100$1.49M0.02%+24,868+117.1%Added
Gotham Asset Management, LLC46,196$1.49M0.01%+11,389+32.7%Added
Nuveen Asset Management, LLC49,377$1.59M0.00%−39,502−44.4%Reduced
Public Sector Pension Investment Board49,820$1.61M0.01%+9,253+22.8%Added
Cresset Asset Management, LLC53,351$1.72M0.01%−749−1.4%Reduced
Legal & General Group Plc55,612$1.79M0.00%−1,526−2.7%Reduced
Isthmus Partners, LLC56,995$1.84M0.22%+940+1.7%Added
Ameriprise Financial Inc58,031$1.87M0.00%+257+0.4%Added
Cubist Systematic Strategies, LLC62,541$2.02M0.03%+62,541New
Russell Investments Group, Ltd.66,665$2.15M0.00%+41,735+167.4%Added
Rhumbline Advisers69,879$2.25M0.00%−113−0.2%Reduced
Anthracite Investment Company, Inc.70,015$2.26M1.13%+70,015New
Barclays PLC72,601$2.34M0.00%−808−1.1%Reduced
Essex Investment Management Co LLC77,127$2.49M0.45%+77,127New
Bardin Hill Management Partners LP77,595$2.50M1.40%+36,398+88.4%Added
Royce & Associates LP78,333$2.53M0.02%−2,731−3.4%Reduced
BNP Paribas Arbitrage, SA82,973$2.68M0.00%−49,873−37.5%Reduced
Healthcare of Ontario Pension Plan Trust Fund88,200$2.84M0.01%+88,200New
JPMorgan Chase & Co93,878$3.03M0.00%−233,043−71.3%Reduced
Principal Financial Group Inc97,148$3.13M0.00%+6,629+7.3%Added
Federated Hermes, Inc.103,397$3.33M0.01%+572+0.6%Added
Balyasny Asset Management LLC113,977$3.68M0.01%+113,977New
Two Sigma Investments, LP120,272$3.88M0.01%+2,339+2.0%Added
AlpInvest Partners B.V.103,330$3.95M4.12%00.0%Unchanged
Verition Fund Management LLC122,758$3.96M0.02%−85,638−41.1%Reduced
ExodusPoint Capital Management, LP125,743$4.05M0.04%+66,518+112.3%Added
Carlyle Group Inc.107,214$4.10M0.10%00.0%Unchanged
Mill Road Capital Management LLC127,650$4.12M1.98%+127,650New
Icon Advisers Inc128,000$4.13M0.93%+128,000New
Cinctive Capital Management LP131,392$4.24M0.23%+47,856+57.3%Added
Jane Street Group, LLC146,215$4.72M0.01%+84,006+135.0%Added
LMR Partners LLP150,000$4.84M0.08%+143,457+2,192.5%Added
Allianz Asset Management GmbH156,517$5.05M0.01%+9,050+6.1%Added
Brigade Capital Management, LP166,000$5.35M10.31%+166,000New
Kintayl Capital LP167,757$5.41M5.01%+167,757New
Invesco Ltd.190,377$6.14M0.00%−113,597−37.4%Reduced
Renaissance Technologies LLC195,039$6.29M0.01%+195,039New
Millennium Management LLC204,522$6.60M0.01%−123,969−37.7%Reduced
Bank of New York Mellon Corp206,864$6.67M0.00%−17,770−7.9%Reduced
Hudson Bay Capital Management LP241,423$7.79M0.05%+144,764+149.8%Added
Brevan Howard Capital Management LP250,000$8.06M0.20%+232,818+1,355.0%Added
New York State Common Retirement Fund273,462$8.82M0.01%+40,176+17.2%Added
Adage Capital Partners GP, L.L.C.285,203$9.20M0.02%+285,203New
Jefferies Financial Group Inc.285,670$9.21M0.10%+170,503+148.0%Added
Northern Trust Corp295,226$9.52M0.00%+43,567+17.3%Added
One Fin Capital Management LP335,813$10.8M4.68%00.0%Unchanged
Assenagon Asset Management S.A.345,411$11.1M0.02%+345,411New
Goldman Sachs Group Inc373,333$12.0M0.00%−117,344−23.9%Reduced
Penn Capital Management Co Inc380,947$12.3M1.21%+57,854+17.9%Added
Bank of America Corp389,093$12.5M0.00%−199,846−33.9%Reduced
UBS Group AG454,431$14.7M0.00%+394,424+657.3%Added
Point72 Asset Management, L.P.463,600$15.0M0.04%+428,600+1,224.6%Added
Geode Capital Management, LLC553,140$17.8M0.00%−3,085−0.6%Reduced
J. Goldman & Co LP674,671$21.8M0.77%−76,225−10.2%Reduced
Alta Fox Capital Management, LLC692,144$22.3M7.95%−104,948−13.2%Reduced
Goldentree Asset Management LP712,667$22.9M1.76%+308,619+76.4%Added
Paralel Advisors LLC750,000$24.2M1.03%00.0%Unchanged
Charles Schwab Investment Management Inc755,843$24.4M0.00%+79,960+11.8%Added