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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, Q2 2025

Institutional positions in Forward Air Corp as of Jun 30, 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
181
−13 vs. Q1 2025
Shares held
32.8M
−632.2K (−1.9%) vs. Q1 2025
Total value
$804.6M
+$132.7M (+19.8%) vs. Q1 2025
New holders
38
57 more added
Sold out
51
54 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 181 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 heldQ2 2025: $804.6M
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, Q2 2025

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q1 2025.

Institutions holding FWRD in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Bessemer Group Inc17$00.00%−322−95.0%Reduced
Harbor Capital Advisors, Inc.5$00.00%00.0%Unchanged
Covestor Ltd5$00.00%+3+150.0%Added
Larson Financial Group LLC5$1230.00%00.0%Unchanged
WealthTrak Capital Management LLC5$1230.00%+5New
Twin Peaks Wealth Advisors, LLC6$1750.00%+6New
Raleigh Capital Management Inc.9$2210.00%00.0%Unchanged
Parallel Advisors, LLC10$2450.00%00.0%Unchanged
Huntington National Bank14$3390.00%−5−26.3%Reduced
Atlantic Trust, LLC14$3440.00%+14New
True Wealth Design, LLC14$3440.00%+14New
Vermillion Wealth Management, Inc.14$3460.00%00.0%Unchanged
SBI Securities Co., Ltd.16$3930.00%00.0%Unchanged
Cullen/Frost Bankers, Inc.18$4420.00%−49−73.1%Reduced
Farmers & Merchants Investments Inc18$4420.00%00.0%Unchanged
EverSource Wealth Advisors, LLC20$4900.00%−234−92.1%Reduced
GWM Advisors LLC20$4910.00%00.0%Unchanged
Annis Gardner Whiting Capital Advisors, LLC20$4910.00%+20New
Fortitude Family Office, LLC27$6630.00%+27New
National Bank of Canada39$9530.00%+39New
McIlrath & Eck, LLC70$1.72K0.00%00.0%Unchanged
Rothschild Investment LLC80$1.96K0.00%+55+220.0%Added
Canada Pension Plan Investment Board100$2.45K0.00%+100New
CIBC Private Wealth Group, LLC105$2.58K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.124$3.04K0.00%+93+300.0%Added
Jones Financial Companies LLLP126$3.17K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC151$3.71K0.00%00.0%Unchanged
Point72 (DIFC) Ltd182$4.48K0.00%−4,835−96.4%Reduced
Fifth Third Bancorp189$4.64K0.00%−350−64.9%Reduced
IFP Advisors, Inc0$4.83K0.00%0Unchanged
Farther Finance Advisors, LLC204$5.01K0.00%+179+716.0%Added
Massmutual Trust Co FSB249$6.11K0.00%+70+39.1%Added
Signaturefd, LLC256$6.28K0.00%−236−48.0%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.274$7.00K0.00%+274New
North Star Investment Management Corp.330$8.10K0.00%00.0%Unchanged
Sterling Capital Management LLC400$9.82K0.00%−32−7.4%Reduced
Anchor Investment Management, LLC415$10.2K0.00%−150−26.5%Reduced
The PNC Financial Services Group, Inc.421$10.3K0.00%−1,085−72.0%Reduced
Quest Partners LLC470$11.5K0.00%−1,219−72.2%Reduced
Nalls Sherbakoff Group, LLC500$12.3K0.01%00.0%Unchanged
Allworth Financial LP509$12.5K0.00%+61+13.6%Added
Emerald Advisers, LLC585$14.4K0.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd615$15.1K0.01%+615New
CWM, LLC768$19.0K0.00%−212−21.6%Reduced
Versant Capital Management, Inc911$22.4K0.00%+360+65.3%Added
Aster Capital Management (DIFC) Ltd1,105$27.1K0.01%+1,105New
Public Employees Retirement System of Ohio1,440$35.3K0.00%−812−36.1%Reduced
Federation des caisses Desjardins du Quebec2,000$49.1K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC2,499$61.3K0.00%+530+26.9%Added
Ameritas Investment Partners, Inc.2,600$63.8K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)2,600$63.8K0.00%+1,753+207.0%Added
US Bancorp3,070$75.3K0.00%+2,178+244.2%Added
GAMMA Investing LLC3,105$76.2K0.00%+790+34.1%Added
Clear Street Markets LLC3,319$81.4K0.03%−11,781−78.0%Reduced
Simplex Trading, LLC3,563$87.0K0.00%+3,563New
Public Employees Retirement Association of Colorado3,959$97.0K0.00%00.0%Unchanged
STRS Ohio4,200$103.1K0.00%+4,200New
Lazard Asset Management LLC4,378$107.0K0.00%+4,378New
Rocky Mountain Advisers, LLC4,390$107.7K0.03%00.0%Unchanged
State of Tennessee, Treasury Department4,542$111.5K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.4,708$115.5K0.00%+5+0.1%Added
Oregon Public Employees Retirement Fund4,835$118.7K0.00%+300+6.6%Added
Police & Firemen's Retirement System of New Jersey5,725$140.5K0.00%+629+12.3%Added
MAI Capital Management5,904$144.9K0.00%+2,000+51.2%Added
Amalgamated Bank6,174$152.0K0.00%+484+8.5%Added
Wolverine Asset Management LLC6,565$161.1K0.00%00.0%Unchanged
Logan Capital Management Inc6,784$166.5K0.01%−1,632−19.4%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)6,966$170.9K0.00%−903−11.5%Reduced
Point72 Asia (Singapore) Pte. Ltd.7,029$172.5K0.03%−1,489−17.5%Reduced
Raymond James Financial Inc7,133$175.0K0.00%+7,133New
Comerica Bank7,158$175.7K0.00%+149+2.1%Added
Headlands Technologies LLC7,403$181.7K0.02%+7,403New
BFSG, LLC7,805$191.5K0.02%+1,030+15.2%Added
Manufacturers Life Insurance Company, The8,286$203.3K0.00%+8,286New
Neuberger Berman Group LLC8,464$207.7K0.00%+8,464New
Gotham Asset Management, LLC8,483$208.2K0.00%+8,483New
State of Wisconsin Investment Board8,679$213.0K0.00%−7,579−46.6%Reduced
Teachers Retirement System of the State of Kentucky8,755$214.0K0.00%00.0%Unchanged
New York State Common Retirement Fund8,817$216.4K0.00%−285,865−97.0%Reduced
Man Group plc9,118$223.8K0.00%+9,118New
Walleye Trading LLC9,359$229.7K0.01%−31,971−77.4%Reduced
ISAM Funds (UK) Ltd9,507$233.3K0.05%+9,507New
KLP Kapitalforvaltning AS9,700$238.0K0.00%+2,400+32.9%Added
Dimensional Fund Advisors LP9,754$239.4K0.00%+9,754New
Louisiana State Employees Retirement System9,800$240.5K0.00%+9,800New
NJ State Employees Deferred Compensation Plan10,000$245.4K0.03%00.0%Unchanged
LPL Financial LLC10,006$245.6K0.00%+10,006New
Quadrature Capital Ltd10,085$247.4K0.00%+10,085New
Penn Capital Management Co Inc10,397$255.1K0.02%−460,179−97.8%Reduced
Apollon Wealth Management, LLC10,863$266.6K0.01%+10,863New
Janus Henderson Group PLC12,347$302.7K0.00%00.0%Unchanged
Mirae Asset Global ETFs Holdings Ltd.12,345$302.9K0.00%−2,530−17.0%Reduced
State of Alaska, Department of Revenue12,498$306.0K0.00%+1,428+12.9%Added
Lombard Odier Asset Management (USA) Corp12,499$306.7K0.08%−24,731−66.4%Reduced
Algert Global LLC12,540$307.7K0.01%+12,540New
Quantinno Capital Management LP13,057$320.4K0.00%+13,057New
Envestnet Portfolio Solutions, Inc.14,563$357.4K0.00%+14,563New
MetLife Investment Management14,652$359.6K0.00%00.0%Unchanged
First Citizens Bank & Trust Co15,126$371.2K0.01%+15,126New
Thrivent Financial for Lutherans15,436$379.0K0.00%+762+5.2%Added