Skip to main content

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
29.7M
−2.30M (−7.2%) vs. Q3 2025
Total value
$744.2M
−$78.3M (−9.5%) vs. Q3 2025
New holders
33
73 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.

Institutional holdersQ4 2025: 202 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 heldQ4 2025: $744.2M
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, Q4 2025

Shares, value and share of portfolio for each institution holding Forward Air Corp; share changes are against Q3 2025.

Institutions holding FWRD in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Huntington National Bank1$200.00%−13−92.9%Reduced
IFP Advisors, Inc4$1000.00%00.0%Unchanged
International Assets Investment Management, LLC5$1250.00%+5New
Ankerstar Wealth, LLC9$2250.00%+9New
Parallel Advisors, LLC10$2500.00%00.0%Unchanged
True Wealth Design, LLC14$3500.00%00.0%Unchanged
Vermillion Wealth Management, Inc.14$3530.00%00.0%Unchanged
SBI Securities Co., Ltd.15$3750.00%−4−21.1%Reduced
Cullen/Frost Bankers, Inc.16$4000.00%−2−11.1%Reduced
Farmers & Merchants Investments Inc18$4500.00%00.0%Unchanged
Prestige Wealth Management Group LLC19$4750.00%+19New
GWM Advisors LLC20$5000.00%00.0%Unchanged
Annis Gardner Whiting Capital Advisors, LLC20$5000.00%00.0%Unchanged
Cornerstone Financial Management LLC23$5750.00%+23New
Cedar Mountain Advisors, LLC25$6250.00%−3−10.7%Reduced
Kilter Group LLC26$6500.00%+7+36.8%Added
Fortitude Family Office, LLC27$6750.00%00.0%Unchanged
Basecamp Wealth Advisors LLC30$7500.00%+30New
Smartleaf Asset Management LLC34$8600.00%+23+209.1%Added
Caitong International Asset Management Co., Ltd47$1.18K0.00%−217−82.2%Reduced
Jones Financial Companies LLLP76$1.90K0.00%−50−39.7%Reduced
Bare Financial Services, Inc86$2.15K0.00%+86New
Basepoint Wealth LLC100$2.50K0.00%+100New
CIBC Private Wealth Group, LLC110$2.75K0.00%+5+4.8%Added
Los Angeles Capital Management LLC152$2.84K0.00%+152New
Sound Income Strategies, LLC100$2.86K0.00%+100New
Bessemer Group Inc114$3.00K0.00%+69+153.3%Added
Nvest Wealth Strategies, Inc.120$3.00K0.00%+120New
SRS Capital Advisors, Inc.11,670$3.23K0.00%+11,511+7,239.6%Added
Steward Partners Investment Advisory, LLC144$3.60K0.00%00.0%Unchanged
Quadrant Capital Group LLC155$3.88K0.00%−68−30.5%Reduced
Rockefeller Capital Management L.P.170$4.25K0.00%−92−35.1%Reduced
EverSource Wealth Advisors, LLC172$4.30K0.00%+97+129.3%Added
MAI Capital Management198$4.95K0.00%−2,661−93.1%Reduced
Harbor Capital Advisors, Inc.206$5.00K0.00%−4−1.9%Reduced
Salomon & Ludwin, LLC199$5.07K0.00%−16−7.4%Reduced
Umb Bank N A208$5.20K0.00%+110+112.2%Added
Fifth Third Bancorp220$5.50K0.00%+5+2.3%Added
North Star Investment Management Corp.240$6.00K0.00%00.0%Unchanged
Massmutual Trust Co FSB288$7.20K0.00%−9−3.0%Reduced
Signaturefd, LLC357$8.93K0.00%+101+39.5%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.352$9.00K0.00%+148+72.5%Added
Anchor Investment Management, LLC415$10.4K0.00%−15−3.5%Reduced
Nalls Sherbakoff Group, LLC500$12.5K0.01%00.0%Unchanged
Farther Finance Advisors, LLC524$13.1K0.00%+137+35.4%Added
Allworth Financial LP527$13.2K0.00%+14+2.7%Added
Emerald Advisers, LLC585$14.6K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.591$14.8K0.00%+101+20.6%Added
Pinnacle Wealth Planning Services, Inc.617$15.4K0.00%+617New
Larson Financial Group LLC818$20.4K0.00%+669+449.0%Added
Sterling Capital Management LLC826$20.6K0.00%−107−11.5%Reduced
Versant Capital Management, Inc904$22.6K0.00%−7−0.8%Reduced
CWM, LLC1,034$26.0K0.00%+222+27.3%Added
Public Employees Retirement System of Ohio1,122$28.1K0.00%−127−10.2%Reduced
Garton & Associates Financial Advisors LLC1,430$35.8K0.02%+1,430New
Ameritas Investment Partners, Inc.1,771$44.3K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,794$44.9K0.00%−1,756−49.5%Reduced
Ensign Peak Advisors, Inc1,847$46.2K0.00%−4,000−68.4%Reduced
US Bancorp2,782$69.5K0.00%−204−6.8%Reduced
Nisa Investment Advisors, LLC2,869$71.7K0.00%+308+12.0%Added
Kestra Advisory Services, LLC2,953$73.8K0.00%+2,953New
GAMMA Investing LLC3,028$75.7K0.00%−192−6.0%Reduced
SageView Advisory Group, LLC3,239$81.0K0.00%+3,239New
Quest Partners LLC3,431$85.8K0.00%+416+13.8%Added
Public Employees Retirement Association of Colorado3,633$91.0K0.00%00.0%Unchanged
Canada Pension Plan Investment Board3,800$95.0K0.00%+2,000+111.1%Added
Rocky Mountain Advisers, LLC4,040$101.0K0.03%00.0%Unchanged
State of Tennessee, Treasury Department4,210$117.4K0.00%−332−7.3%Reduced
New York State Common Retirement Fund4,917$122.9K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.5,036$125.9K0.00%+341+7.3%Added
Oregon Public Employees Retirement Fund5,115$127.9K0.00%+195+4.0%Added
Comerica Bank5,264$131.6K0.00%−1,115−17.5%Reduced
Teachers Retirement System of the State of Kentucky5,685$142.0K0.00%−420−6.9%Reduced
Police & Firemen's Retirement System of New Jersey5,725$143.1K0.00%00.0%Unchanged
Amalgamated Bank6,355$159.0K0.00%−26−0.4%Reduced
BFSG, LLC6,555$163.9K0.02%00.0%Unchanged
Wolverine Asset Management LLC6,565$164.1K0.00%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)6,966$174.2K0.00%00.0%Unchanged
Guggenheim Capital LLC8,267$206.7K0.00%+8,267New
KLP Kapitalforvaltning AS8,600$215.0K0.00%+800+10.3%Added
One68 Global Capital, LLC9,000$225.0K2.65%+9,000New
Cambridge Investment Research Advisors, Inc.9,285$232.0K0.00%+9,285New
HB Wealth Management, LLC9,285$232.1K0.00%+69+0.7%Added
Entropy Technologies, LP9,393$234.8K0.01%+9,393New
Two Sigma Investments, LP9,700$242.5K0.00%−8,957−48.0%Reduced
Mirae Asset Global ETFs Holdings Ltd.9,978$249.4K0.00%+113+1.1%Added
Louisiana State Employees Retirement System10,200$255.0K0.00%+200+2.0%Added
Optimize Financial Inc10,762$269.1K0.14%+152+1.4%Added
State of Alaska, Department of Revenue11,296$282.0K0.00%+296+2.7%Added
MetLife Investment Management11,587$289.7K0.00%−248−2.1%Reduced
Janus Henderson Group PLC12,347$308.6K0.00%00.0%Unchanged
Franklin Resources Inc12,980$324.5K0.00%+12,980New
CenterBook Partners LP14,853$371.3K0.02%+14,853New
Headlands Technologies LLC14,860$371.5K0.03%+5,855+65.0%Added
Thrivent Financial for Lutherans15,245$381.0K0.00%−527−3.3%Reduced
Clear Harbor Asset Management, LLC15,802$395.1K0.03%−26,758−62.9%Reduced
Fuller & Thaler Asset Management, Inc.16,095$402.4K0.00%00.0%Unchanged
Aquatic Capital Management LLC16,322$408.1K0.01%+16,322New
Quantinno Capital Management LP16,603$415.1K0.00%+2,334+16.4%Added
Jain Global LLC16,910$422.8K0.00%+16,910New