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 2025
Institutional positions in Forward Air Corp as of Sep 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
- 202
- +21 vs. Q2 2025
- Shares held
- 34.1M
- +1.29M (+3.9%) vs. Q2 2025
- Total value
- $873.9M
- +$69.3M (+8.6%) vs. Q2 2025
- New holders
- 39
- 72 more added
- Sold out
- 18
- 57 more reduced
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 187 | $412.0M |
| Q1 2026 | 193 | $492.3M |
| Q4 2025 | 202 | $744.2M |
| Q3 2025 | 202 | $873.9M |
| Q2 2025 | 181 | $804.6M |
| Q1 2025 | 195 | $671.9M |
| Q4 2024 | 211 | $1.07B |
| Q3 2024 | 208 | $1.17B |
| Q2 2024 | 191 | $636.1M |
| Q1 2024 | 226 | $881.2M |
| Q4 2023 | 264 | $1.57B |
| Q3 2023 | 252 | $1.76B |
| Q2 2023 | 245 | $2.68B |
| Q1 2023 | 259 | $2.80B |
| Q4 2022 | 276 | $2.72B |
| Q3 2022 | 246 | $2.41B |
| Q2 2022 | 247 | $2.46B |
| Q1 2022 | 246 | $2.57B |
| Q4 2021 | 240 | $3.19B |
| Q3 2021 | 216 | $2.19B |
| Q2 2021 | 220 | $2.39B |
| Q1 2021 | 206 | $2.38B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| CWM Advisors, LLC | 17,581 | $450.8K | 0.04% | +1,606+10.1% | Added |
| Covestor Ltd | 17,456 | $447.0K | 0.25% | +17,451+349,020.0% | Added |
| Penn Capital Management Co Inc | 17,374 | $445.5K | 0.03% | +6,977+67.1% | Added |
| Y-Intercept (Hong Kong) Ltd | 16,762 | $429.8K | 0.01% | −57,656−77.5% | Reduced |
| Fuller & Thaler Asset Management, Inc. | 16,095 | $412.7K | 0.00% | +16,095 | New |
| Engineers Gate Manager LP | 15,985 | $409.9K | 0.00% | +15,985 | New |
| Thrivent Financial for Lutherans | 15,772 | $404.0K | 0.00% | +336+2.2% | Added |
| SG Americas Securities, LLC | 14,509 | $372.0K | 0.00% | −114,578−88.8% | Reduced |
| Quantinno Capital Management LP | 14,269 | $365.9K | 0.00% | +1,212+9.3% | Added |
| Janus Henderson Group PLC | 12,347 | $316.6K | 0.00% | 00.0% | Unchanged |
| Two Sigma Securities, LLC | 11,938 | $306.1K | 0.05% | +11,938 | New |
| MetLife Investment Management | 11,835 | $303.4K | 0.00% | −2,817−19.2% | Reduced |
| Aristeia Capital LLC | 11,704 | $300.1K | 0.01% | +11,704 | New |
| ISAM Funds (UK) Ltd | 11,237 | $288.1K | 0.06% | +1,730+18.2% | Added |
| State of Alaska, Department of Revenue | 11,000 | $282.0K | 0.00% | −1,498−12.0% | Reduced |
| Squarepoint Ops LLC | 10,915 | $279.9K | 0.00% | −129,836−92.2% | Reduced |
| Point72 Asia (Singapore) Pte. Ltd. | 10,822 | $277.5K | 0.04% | +3,793+54.0% | Added |
| Optimize Financial Inc | 10,610 | $272.0K | 0.14% | +10,610 | New |
| NJ State Employees Deferred Compensation Plan | 10,000 | $256.4K | 0.03% | 00.0% | Unchanged |
| Louisiana State Employees Retirement System | 10,000 | $256.4K | 0.00% | +200+2.0% | Added |
| State of Wisconsin Investment Board | 9,932 | $254.7K | 0.00% | +1,253+14.4% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 9,865 | $252.9K | 0.00% | −2,480−20.1% | Reduced |
| HB Wealth Management, LLC | 9,216 | $236.3K | 0.00% | +9,216 | New |
| Headlands Technologies LLC | 9,005 | $230.9K | 0.02% | +1,602+21.6% | Added |
| Virtu Financial LLC | 8,895 | $228.0K | 0.01% | +8,895 | New |
| Neuberger Berman Group LLC | 8,749 | $224.3K | 0.00% | +285+3.4% | Added |
| Sherbrooke Park Advisers LLC | 8,157 | $209.1K | 0.10% | +8,157 | New |
| ProShare Advisors LLC | 8,008 | $205.3K | 0.00% | +8,008 | New |
| KLP Kapitalforvaltning AS | 7,800 | $200.0K | 0.00% | −1,900−19.6% | Reduced |
| Logan Capital Management Inc | 7,575 | $194.2K | 0.01% | +791+11.7% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 6,966 | $178.6K | 0.00% | 00.0% | Unchanged |
| Wolverine Asset Management LLC | 6,565 | $168.3K | 0.00% | 00.0% | Unchanged |
| BFSG, LLC | 6,555 | $168.1K | 0.02% | −1,250−16.0% | Reduced |
| Amalgamated Bank | 6,381 | $164.0K | 0.00% | +207+3.4% | Added |
| Comerica Bank | 6,379 | $163.6K | 0.00% | −779−10.9% | Reduced |
| Teachers Retirement System of the State of Kentucky | 6,105 | $157.0K | 0.00% | −2,650−30.3% | Reduced |
| Ensign Peak Advisors, Inc | 5,847 | $149.9K | 0.00% | −12,750−68.6% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 5,725 | $146.8K | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 4,695 | $140.8K | 0.00% | −13−0.3% | Reduced |
| Oregon Public Employees Retirement Fund | 4,920 | $126.1K | 0.00% | +85+1.8% | Added |
| New York State Common Retirement Fund | 4,917 | $126.1K | 0.00% | −3,900−44.2% | Reduced |
| State of Tennessee, Treasury Department | 4,542 | $116.5K | 0.00% | 00.0% | Unchanged |
| Rocky Mountain Advisers, LLC | 4,040 | $103.6K | 0.03% | −350−8.0% | Reduced |
| Clear Street Markets LLC | 3,862 | $99.0K | 0.03% | +543+16.4% | Added |
| Public Employees Retirement Association of Colorado | 3,633 | $93.0K | 0.00% | −326−8.2% | Reduced |
| Tower Research Capital LLC (TRC) | 3,550 | $91.0K | 0.00% | +950+36.5% | Added |
| GAMMA Investing LLC | 3,220 | $82.6K | 0.00% | +115+3.7% | Added |
| Quest Partners LLC | 3,015 | $77.3K | 0.01% | +2,545+541.5% | Added |
| US Bancorp | 2,986 | $76.6K | 0.00% | −84−2.7% | Reduced |
| MAI Capital Management | 2,859 | $73.3K | 0.00% | −3,045−51.6% | Reduced |
| Nisa Investment Advisors, LLC | 2,561 | $65.7K | 0.00% | +62+2.5% | Added |
| Federation des caisses Desjardins du Quebec | 2,000 | $51.3K | 0.00% | 00.0% | Unchanged |
| Canada Pension Plan Investment Board | 1,800 | $46.2K | 0.00% | +1,700+1,700.0% | Added |
| Ameritas Investment Partners, Inc. | 1,771 | $45.4K | 0.00% | −829−31.9% | Reduced |
| Point72 (DIFC) Ltd | 1,640 | $42.0K | 0.00% | +1,458+801.1% | Added |
| Quantbot Technologies LP | 1,480 | $37.9K | 0.00% | −53,028−97.3% | Reduced |
| Public Employees Retirement System of Ohio | 1,249 | $32.0K | 0.00% | −191−13.3% | Reduced |
| Sterling Capital Management LLC | 933 | $23.9K | 0.00% | +533+133.3% | Added |
| Versant Capital Management, Inc | 911 | $23.4K | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 812 | $21.0K | 0.00% | +44+5.7% | Added |
| Emerald Advisers, LLC | 585 | $15.0K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 513 | $13.2K | 0.00% | +4+0.8% | Added |
| Nalls Sherbakoff Group, LLC | 500 | $12.8K | 0.01% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 490 | $12.6K | 0.00% | +69+16.4% | Added |
| Anchor Investment Management, LLC | 430 | $11.0K | 0.00% | +15+3.6% | Added |
| Farther Finance Advisors, LLC | 387 | $9.92K | 0.00% | +183+89.7% | Added |
| Massmutual Trust Co FSB | 297 | $7.62K | 0.00% | +48+19.3% | Added |
| Caitong International Asset Management Co., Ltd | 264 | $6.77K | 0.00% | −351−57.1% | Reduced |
| Rockefeller Capital Management L.P. | 262 | $6.72K | 0.00% | +262 | New |
| Signaturefd, LLC | 256 | $6.56K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 240 | $6.15K | 0.00% | −90−27.3% | Reduced |
| Quadrant Capital Group LLC | 223 | $5.72K | 0.00% | +223 | New |
| Fifth Third Bancorp | 215 | $5.51K | 0.00% | +26+13.8% | Added |
| Salomon & Ludwin, LLC | 215 | $5.04K | 0.00% | +215 | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 204 | $5.00K | 0.00% | −70−25.5% | Reduced |
| Harbor Capital Advisors, Inc. | 210 | $5.00K | 0.00% | +205+4,100.0% | Added |
| SRS Capital Advisors, Inc. | 159 | $4.08K | 0.00% | +35+28.2% | Added |
| Larson Financial Group LLC | 149 | $3.82K | 0.00% | +144+2,880.0% | Added |
| Steward Partners Investment Advisory, LLC | 144 | $3.69K | 0.00% | −7−4.6% | Reduced |
| Jones Financial Companies LLLP | 126 | $3.37K | 0.00% | 00.0% | Unchanged |
| CIBC Private Wealth Group, LLC | 105 | $2.69K | 0.00% | 00.0% | Unchanged |
| Umb Bank N A | 98 | $2.51K | 0.00% | +98 | New |
| EverSource Wealth Advisors, LLC | 75 | $1.92K | 0.00% | +55+275.0% | Added |
| McIlrath & Eck, LLC | 70 | $1.79K | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 45 | $1.00K | 0.00% | +28+164.7% | Added |
| Cedar Mountain Advisors, LLC | 28 | $718 | 0.00% | +28 | New |
| Fortitude Family Office, LLC | 27 | $692 | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 20 | $513 | 0.00% | 00.0% | Unchanged |
| Annis Gardner Whiting Capital Advisors, LLC | 20 | $513 | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 19 | $488 | 0.00% | +19 | New |
| SBI Securities Co., Ltd. | 19 | $487 | 0.00% | +3+18.8% | Added |
| Cullen/Frost Bankers, Inc. | 18 | $462 | 0.00% | 00.0% | Unchanged |
| Farmers & Merchants Investments Inc | 18 | $462 | 0.00% | 00.0% | Unchanged |
| Vermillion Wealth Management, Inc. | 14 | $362 | 0.00% | 00.0% | Unchanged |
| Atlantic Trust, LLC | 14 | $359 | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 14 | $359 | 0.00% | 00.0% | Unchanged |
| Huntington National Bank | 14 | $353 | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 11 | $288 | 0.00% | +11 | New |
| Salem Investment Counselors Inc | 10 | $257 | 0.00% | +10 | New |
| Parallel Advisors, LLC | 10 | $256 | 0.00% | 00.0% | Unchanged |