Forward Air Corp

FWRD

Exchange: Nasdaq
Industry: Arrangement of Transportation of Freight & Cargo
SEC CIK: 0000912728

SEC filings (opens in a new tab)

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.

Q3 2025 vs. Q2 2025

How the institutions holding Forward Air Corp changed between Q2 2025 and Q3 2025.

All holders in Q3 2025 All holders in Q2 2025

13F holders of FWRD: Q2 2025 compared with Q3 2025
Measure	Q2 2025	Q3 2025	Change
Holders	181	202	+21
Shares	32.8M	34.1M	+1.29M (+3.9%)
Value	$804.6M	$873.9M	+$69.3M (+8.6%)

New holders (39)

Institutions that held Forward Air Corp at the end of Q3 2025 but not at the end of Q2 2025.

Institutions new to FWRD in Q3 2025
Institution	Shares	Value	% of portfolio
Melqart Asset Management (UK) Ltd	382,394	$9.80M	1.31%
Allianz Asset Management GmbH	323,505	$8.29M	0.01%
Walleye Capital LLC	189,161	$4.85M	0.04%
Oasis Management Co Ltd.	173,432	$4.45M	0.77%
TIG Advisors, LLC	134,800	$3.46M	0.21%
Mill Road Capital Management LLC	127,650	$3.27M	1.70%
PSquared Asset Management AG	69,300	$1.78M	1.41%
XTX Topco Ltd	45,585	$1.17M	0.06%
Healthcare of Ontario Pension Plan Trust Fund	43,719	$1.12M	0.00%
Clear Harbor Asset Management, LLC	42,560	$1.09M	0.08%
Hussman Strategic Advisors, Inc.	42,000	$1.08M	0.23%
Brevan Howard Capital Management LP	34,899	$894.8K	0.01%
Integrity Financial Corp	33,267	$853.0K	0.41%
Deutsche Bank AG	32,009	$820.7K	0.00%
Readystate Asset Management LP	31,538	$808.6K	0.04%
Wolverine Trading, LLC	30,106	$790.3K	0.02%
Rangeley Capital, LLC	27,400	$702.5K	0.66%
Cubist Systematic Strategies, LLC	26,783	$686.7K	0.01%
Gallo Partners, LP	25,835	$662.4K	0.50%
American Century Companies Inc	24,335	$623.9K	0.00%
Counterpoint Mutual Funds LLC	18,932	$485.4K	0.04%
Fuller & Thaler Asset Management, Inc.	16,095	$412.7K	0.00%
Engineers Gate Manager LP	15,985	$409.9K	0.00%
Two Sigma Securities, LLC	11,938	$306.1K	0.05%
Aristeia Capital LLC	11,704	$300.1K	0.01%
Optimize Financial Inc	10,610	$272.0K	0.14%
HB Wealth Management, LLC	9,216	$236.3K	0.00%
Virtu Financial LLC	8,895	$228.0K	0.01%
Sherbrooke Park Advisers LLC	8,157	$209.1K	0.10%
ProShare Advisors LLC	8,008	$205.3K	0.00%
Rockefeller Capital Management L.P.	262	$6.72K	0.00%
Quadrant Capital Group LLC	223	$5.72K	0.00%
Salomon & Ludwin, LLC	215	$5.04K	0.00%
Umb Bank N A	98	$2.51K	0.00%
Cedar Mountain Advisors, LLC	28	$718	0.00%
Kilter Group LLC	19	$488	0.00%
Smartleaf Asset Management LLC	11	$288	0.00%
Salem Investment Counselors Inc	10	$257	0.00%
Advisory Services Network, LLC	1	$26	0.00%

Sold out (18)

Institutions that held Forward Air Corp at the end of Q2 2025 and filed for Q3 2025 without it.

Institutions that sold out of FWRD in Q3 2025
Institution	Shares, Q2 2025	Value, Q2 2025
Balyasny Asset Management LLC	349,127	$8.57M
One Fin Capital Management LP	335,000	$8.22M
Caxton Associates LLP	107,113	$2.63M
Nebula Research & Development LLC	15,823	$388.3K
Algert Global LLC	12,540	$307.7K
Apollon Wealth Management, LLC	10,863	$266.6K
Walleye Trading LLC	9,359	$229.7K
Man Group plc	9,118	$223.8K
Gotham Asset Management, LLC	8,483	$208.2K
Manufacturers Life Insurance Company, The	8,286	$203.3K
Raymond James Financial Inc	7,133	$175.0K
Lazard Asset Management LLC	4,378	$107.0K
STRS Ohio	4,200	$103.1K
Aster Capital Management (DIFC) Ltd	1,105	$27.1K
National Bank of Canada	39	$953
Raleigh Capital Management Inc.	9	$221
Twin Peaks Wealth Advisors, LLC	6	$175
WealthTrak Capital Management LLC	5	$123