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 2025
Institutional positions in Forward Air Corp as of Dec 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
- 202
- +5 vs. Q3 2025
- Shares held
- 29.8M
- −2.79M (−8.6%) vs. Q3 2025
- Total value
- $744.6M
- −$90.7M (−10.9%) vs. Q3 2025
- New holders
- 33
- 74 more added
- Sold out
- 28
- 65 more reduced
5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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 | $493.0M |
| Q4 2025 | 202 | $744.6M |
| Q3 2025 | 202 | $886.8M |
| Q2 2025 | 181 | $812.5M |
| Q1 2025 | 195 | $671.9M |
| Q4 2024 | 211 | $1.07B |
| Q3 2024 | 208 | $1.18B |
| Q2 2024 | 192 | $637.0M |
| Q1 2024 | 226 | $980.7M |
| Q4 2023 | 264 | $1.68B |
| Q3 2023 | 252 | $1.76B |
| Q2 2023 | 245 | $2.68B |
| Q1 2023 | 259 | $2.82B |
| Q4 2022 | 276 | $2.72B |
| Q3 2022 | 247 | $2.41B |
| Q2 2022 | 247 | $2.46B |
| Q1 2022 | 246 | $2.57B |
| Q4 2021 | 240 | $3.20B |
| Q3 2021 | 216 | $2.20B |
| Q2 2021 | 220 | $2.39B |
| Q1 2021 | 206 | $2.38B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Clearlake Capital Group, L.P. | 3,825,000 | $95.6M | 8.95% | 00.0% | Unchanged |
| BlackRock, Inc. | 3,400,804 | $85.0M | 0.00% | +179,170+5.6% | Added |
| Littlejohn & Co LLC | 2,426,359 | $60.7M | 31.61% | −326,100−11.8% | Reduced |
| Vanguard Group Inc | 2,342,425 | $58.6M | 0.00% | −11,183−0.5% | Reduced |
| Irenic Capital Management LP | 1,229,819 | $30.7M | 4.03% | 00.0% | Unchanged |
| Paralel Advisors LLC | 975,000 | $24.4M | 0.95% | 00.0% | Unchanged |
| FMR LLC | 961,868 | $24.0M | 0.00% | +231,147+31.6% | Added |
| State Street Corp | 949,784 | $23.7M | 0.00% | +19,854+2.1% | Added |
| Private Management Group Inc | 928,807 | $23.2M | 0.68% | −7,680−0.8% | Reduced |
| Melqart Asset Management (UK) Ltd | 849,876 | $21.2M | 2.13% | +467,482+122.3% | Added |
| CIBC World Markets Inc. | 784,731 | $19.6M | 0.04% | +28,693+3.8% | Added |
| Geode Capital Management, LLC | 531,614 | $13.3M | 0.00% | +11,849+2.3% | Added |
| UBS Group AG | 491,835 | $12.3M | 0.00% | −49,333−9.1% | Reduced |
| Charles Schwab Investment Management Inc | 481,944 | $12.0M | 0.00% | −27,899−5.5% | Reduced |
| Jane Street Group, LLC | 419,266 | $10.5M | 0.01% | +139,373+49.8% | Added |
| BNP Paribas Arbitrage, SA | 404,706 | $10.1M | 0.01% | +208,096+105.8% | Added |
| Bank of America Corp | 384,708 | $9.62M | 0.00% | −130,163−25.3% | Reduced |
| Morgan Stanley | 344,071 | $8.60M | 0.00% | −62,087−15.3% | Reduced |
| Citadel Advisors LLC | 309,598 | $7.74M | 0.01% | +236,115+321.3% | Added |
| Walleye Capital LLC | 287,094 | $7.18M | 0.04% | +97,933+51.8% | Added |
| Deutsche Bank AG | 281,800 | $7.04M | 0.00% | +249,791+780.4% | Added |
| Royce & Associates LP | 281,553 | $7.04M | 0.07% | +106,364+60.7% | Added |
| Susquehanna International Group, LLP | 272,123 | $6.80M | 0.01% | +46,495+20.6% | Added |
| Invesco Ltd. | 268,960 | $6.72M | 0.00% | +46,240+20.8% | Added |
| Nuveen, LLC | 254,409 | $6.36M | 0.00% | −8,914−3.4% | Reduced |
| Allianz Asset Management GmbH | 246,737 | $6.17M | 0.01% | −76,768−23.7% | Reduced |
| Goldman Sachs Group Inc | 243,165 | $6.08M | 0.00% | +38,952+19.1% | Added |
| Northern Trust Corp | 219,942 | $5.50M | 0.00% | −8,408−3.7% | Reduced |
| Shay Capital LLC | 194,300 | $4.86M | 0.78% | +35,107+22.1% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 182,985 | $4.57M | 0.01% | +139,266+318.5% | Added |
| PSquared Asset Management AG | 175,760 | $4.39M | 2.05% | +106,460+153.6% | Added |
| Mill Road Capital Management LLC | 167,650 | $4.19M | 2.49% | +40,000+31.3% | Added |
| Squarepoint Ops LLC | 162,614 | $4.07M | 0.01% | +151,699+1,389.8% | Added |
| SummitTX Capital, L.P. | 161,190 | $4.03M | 0.12% | +161,190 | New |
| Dimensional Fund Advisors LP | 152,774 | $3.82M | 0.00% | +118,062+340.1% | Added |
| HRT Financial LP | 152,383 | $3.81M | 0.01% | +64,230+72.9% | Added |
| Bank of New York Mellon Corp | 140,454 | $3.51M | 0.00% | −3,870−2.7% | Reduced |
| Simplex Trading, LLC | 137,530 | $3.44M | 0.10% | +73,612+115.2% | Added |
| Adage Capital Partners GP, L.L.C. | 136,825 | $3.42M | 0.01% | −23,797−14.8% | Reduced |
| Group One Trading, L.P. | 136,745 | $3.42M | 0.10% | +48,410+54.8% | Added |
| Carlyle Group Inc. | 107,214 | $3.09M | 0.02% | 00.0% | Unchanged |
| Citigroup Inc | 120,496 | $3.01M | 0.00% | +10,601+9.6% | Added |
| Hudson Bay Capital Management LP | 119,385 | $2.98M | 0.02% | −78,736−39.7% | Reduced |
| AlpInvest Partners B.V. | 103,330 | $2.98M | 4.65% | 00.0% | Unchanged |
| Susquehanna Portfolio Strategies, LLC | 118,173 | $2.95M | 0.05% | 00.0% | Unchanged |
| Diametric Capital, LP | 117,336 | $2.93M | 0.79% | +63,718+118.8% | Added |
| Jump Financial, LLC | 109,411 | $2.74M | 0.03% | −16,889−13.4% | Reduced |
| Caption Management, LLC | 106,987 | $2.67M | 0.12% | +106,987 | New |
| Principal Financial Group Inc | 105,841 | $2.65M | 0.00% | +237+0.2% | Added |
| Tudor Investment Corp Et Al | 98,888 | $2.47M | 0.01% | +98,888 | New |
| Brigade Capital Management, LP | 77,357 | $1.93M | 1.09% | −143,493−65.0% | Reduced |
| Public Sector Pension Investment Board | 76,756 | $1.92M | 0.01% | −8,496−10.0% | Reduced |
| Rangeley Capital, LLC | 76,000 | $1.90M | 1.64% | +48,600+177.4% | Added |
| Rothschild Investment LLC | 70,055 | $1.75M | 0.10% | −200,010−74.1% | Reduced |
| Millennium Management LLC | 68,973 | $1.72M | 0.00% | −358,317−83.9% | Reduced |
| ExodusPoint Capital Management, LP | 66,767 | $1.67M | 0.02% | +66,767 | New |
| Rhumbline Advisers | 65,493 | $1.64M | 0.00% | −1,571−2.3% | Reduced |
| Verition Fund Management LLC | 64,032 | $1.60M | 0.01% | +21,062+49.0% | Added |
| Jefferies Financial Group Inc. | 59,300 | $1.48M | 0.01% | −355,927−85.7% | Reduced |
| Legal & General Group Plc | 57,557 | $1.44M | 0.00% | −611−1.1% | Reduced |
| SG Americas Securities, LLC | 48,812 | $1.22M | 0.00% | +34,303+236.4% | Added |
| Y-Intercept (Hong Kong) Ltd | 48,434 | $1.21M | 0.03% | +31,672+189.0% | Added |
| JPMorgan Chase & Co | 46,900 | $1.17M | 0.00% | −956,534−95.3% | Reduced |
| PDT Partners, LLC | 44,827 | $1.12M | 0.07% | +44,827 | New |
| Prescott Group Capital Management, L.L.C. | 43,897 | $1.10M | 0.10% | 00.0% | Unchanged |
| LPL Financial LLC | 43,228 | $1.08M | 0.00% | +655+1.5% | Added |
| Ameriprise Financial Inc | 42,898 | $1.07M | 0.00% | −918−2.1% | Reduced |
| UBS Asset Management Americas Inc | 41,478 | $1.04M | 0.00% | +2,452+6.3% | Added |
| Wells Fargo & Company | 40,338 | $1.01M | 0.00% | +14,888+58.5% | Added |
| Barclays PLC | 39,947 | $998.7K | 0.00% | +9,541+31.4% | Added |
| Swiss National Bank | 39,400 | $985.0K | 0.00% | +1,100+2.9% | Added |
| Covestor Ltd | 38,830 | $970.0K | 0.51% | +21,374+122.4% | Added |
| American Century Companies Inc | 36,011 | $900.3K | 0.00% | +11,676+48.0% | Added |
| Independent Financial Group, LLC | 35,035 | $875.9K | 0.02% | −500−1.4% | Reduced |
| Aristeia Capital LLC | 34,709 | $867.7K | 0.02% | +23,005+196.6% | Added |
| Balyasny Asset Management LLC | 33,544 | $838.6K | 0.00% | +33,544 | New |
| D. E. Shaw & Co., Inc. | 33,509 | $837.7K | 0.00% | +33,509 | New |
| Integrity Financial Corp | 33,267 | $831.7K | 0.42% | 00.0% | Unchanged |
| Fuller & Thaler Asset Management, Inc. | 32,190 | $804.8K | 0.00% | +16,095+100.0% | Added |
| New York State Teachers Retirement System | 31,860 | $797.0K | 0.00% | 00.0% | Unchanged |
| Prelude Capital Management, LLC | 29,195 | $729.9K | 0.05% | +8,186+39.0% | Added |
| Caxton Associates LLP | 27,570 | $689.3K | 0.01% | +27,570 | New |
| ADAR1 Capital Management, LLC | 26,635 | $665.9K | 0.05% | +26,635 | New |
| Alliancebernstein L.P. | 26,629 | $665.7K | 0.00% | −577−2.1% | Reduced |
| First Citizens Bank & Trust Co | 26,401 | $660.0K | 0.01% | −235−0.9% | Reduced |
| Envestnet Portfolio Solutions, Inc. | 25,710 | $642.8K | 0.00% | +202+0.8% | Added |
| Quantbot Technologies LP | 25,652 | $641.3K | 0.02% | +24,172+1,633.2% | Added |
| Intech Investment Management LLC | 24,869 | $621.7K | 0.01% | −19,910−44.5% | Reduced |
| Creative Planning | 21,862 | $546.5K | 0.00% | +3,452+18.8% | Added |
| Walleye Trading LLC | 21,760 | $544.0K | 0.01% | +21,760 | New |
| Toroso Investments, LLC | 21,608 | $540.2K | 0.00% | −1,814−7.7% | Reduced |
| Brevan Howard Capital Management LP | 20,579 | $514.5K | 0.01% | −14,320−41.0% | Reduced |
| Russell Investments Group, Ltd. | 20,491 | $512.3K | 0.00% | −26,937−56.8% | Reduced |
| Counterpoint Mutual Funds LLC | 20,198 | $504.9K | 0.04% | +1,266+6.7% | Added |
| Centiva Capital, LP | 20,000 | $500.0K | 0.03% | +20,000 | New |
| Prudential Financial Inc | 19,649 | $491.2K | 0.00% | −1,502−7.1% | Reduced |
| California State Teachers Retirement System | 19,228 | $480.7K | 0.00% | −86−0.4% | Reduced |
| Royal Bank of Canada | 18,911 | $473.0K | 0.00% | −349,092−94.9% | Reduced |
| Price T Rowe Associates Inc | 18,795 | $470.0K | 0.00% | −6,300−25.1% | Reduced |
| CWM Advisors, LLC | 18,636 | $465.9K | 0.04% | +1,055+6.0% | Added |