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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 2025

Institutional positions in Forward Air Corp as of Mar 31, 2025. 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
195
−15 vs. Q4 2024
Shares held
33.4M
+281.5K (+0.9%) vs. Q4 2024
Total value
$671.9M
−$397.2M (−37.2%) vs. Q4 2024
New holders
25
57 more added
Sold out
40
71 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2025: 195 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 2025: $671.9M
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 2025

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q4 2024.

Institutions holding FWRD in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Cinctive Capital Management LP0$00.00%−131,392−100.0%Sold out
Bardin Hill Management Partners LP0$00.00%−77,595−100.0%Sold out
Isthmus Partners, LLC0$00.00%−56,995−100.0%Sold out
Gotham Asset Management, LLC0$00.00%−46,196−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−46,100−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−43,300−100.0%Sold out
Polar Asset Management Partners Inc.0$00.00%−20,111−100.0%Sold out
Bryce Point Capital, LLC0$00.00%−18,436−100.0%Sold out
Atom Investors LP0$00.00%−17,286−100.0%Sold out
Corton Capital Inc.0$00.00%−12,484−100.0%Sold out
Quadrature Capital Ltd0$00.00%−12,396−100.0%Sold out
Diametric Capital, LP0$00.00%−11,546−100.0%Sold out
Envestnet Asset Management Inc0$00.00%−10,819−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−10,635−100.0%Sold out
Anson Funds Management LP0$00.00%−10,000−100.0%Sold out
Raymond James Financial Inc0$00.00%−9,926−100.0%Sold out
Louisiana State Employees Retirement System0$00.00%−9,700−100.0%Sold out
Manufacturers Life Insurance Company, The0$00.00%−9,171−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−7,863−100.0%Sold out
LPL Financial LLC0$00.00%−7,705−100.0%Sold out
Franklin Resources Inc0$00.00%−7,640−100.0%Sold out
Voya Investment Management LLC0$00.00%−7,570−100.0%Sold out
Marathon Partners Equity Management, LLC0$00.00%−7,500−100.0%Sold out
State Board of Administration of Florida Retirement System0$00.00%−7,468−100.0%Sold out
ProShare Advisors LLC0$00.00%−7,444−100.0%Sold out
Yousif Capital Management, LLC0$00.00%−7,438−100.0%Sold out
Quantinno Capital Management LP0$00.00%−6,949−100.0%Sold out
United Capital Financial Advisers, LLC0$00.00%−6,874−100.0%Sold out
Maryland State Retirement & Pension System0$00.00%−6,728−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−4,283−100.0%Sold out
Canada Pension Plan Investment Board0$00.00%−2,000−100.0%Sold out
Coppell Advisory Solutions LLC0$00.00%−1,214−100.0%Sold out
GHP Investment Advisors, Inc.0$00.00%−153−100.0%Sold out
Bell Investment Advisors, Inc0$00.00%−17−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−5−100.0%Sold out
Nuveen Asset Management, LLC––––Not filed