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.
| 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, 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 |
|---|---|---|---|---|---|
| XTX Topco Ltd | 16,928 | $423.2K | 0.01% | −28,657−62.9% | Reduced |
| Quadrature Capital Ltd | 17,013 | $425.3K | 0.00% | −8,537−33.4% | Reduced |
| Lombard Odier Asset Management (USA) Corp | 18,523 | $463.1K | 0.19% | −17,117−48.0% | Reduced |
| CWM Advisors, LLC | 18,636 | $465.9K | 0.04% | +1,055+6.0% | Added |
| Price T Rowe Associates Inc | 18,795 | $470.0K | 0.00% | −6,300−25.1% | Reduced |
| Royal Bank of Canada | 18,911 | $473.0K | 0.00% | −349,092−94.9% | Reduced |
| California State Teachers Retirement System | 19,228 | $480.7K | 0.00% | −86−0.4% | Reduced |
| Prudential Financial Inc | 19,649 | $491.2K | 0.00% | −1,502−7.1% | Reduced |
| Centiva Capital, LP | 20,000 | $500.0K | 0.03% | +20,000 | New |
| Counterpoint Mutual Funds LLC | 20,198 | $504.9K | 0.04% | +1,266+6.7% | Added |
| Russell Investments Group, Ltd. | 20,491 | $512.3K | 0.00% | −26,937−56.8% | Reduced |
| Brevan Howard Capital Management LP | 20,579 | $514.5K | 0.01% | −14,320−41.0% | Reduced |
| Toroso Investments, LLC | 21,608 | $540.2K | 0.00% | −1,814−7.7% | Reduced |
| Walleye Trading LLC | 21,760 | $544.0K | 0.01% | +21,760 | New |
| Creative Planning | 21,862 | $546.5K | 0.00% | +3,452+18.8% | Added |
| Intech Investment Management LLC | 24,869 | $621.7K | 0.01% | −19,910−44.5% | Reduced |
| Quantbot Technologies LP | 25,652 | $641.3K | 0.02% | +24,172+1,633.2% | Added |
| Envestnet Portfolio Solutions, Inc. | 25,710 | $642.8K | 0.00% | +202+0.8% | Added |
| First Citizens Bank & Trust Co | 26,401 | $660.0K | 0.01% | −235−0.9% | Reduced |
| Alliancebernstein L.P. | 26,629 | $665.7K | 0.00% | −577−2.1% | Reduced |
| ADAR1 Capital Management, LLC | 26,635 | $665.9K | 0.05% | +26,635 | New |
| Caxton Associates LLP | 27,570 | $689.3K | 0.01% | +27,570 | New |
| Prelude Capital Management, LLC | 29,195 | $729.9K | 0.05% | +8,186+39.0% | Added |
| New York State Teachers Retirement System | 31,860 | $797.0K | 0.00% | 00.0% | Unchanged |
| Integrity Financial Corp | 33,267 | $831.7K | 0.42% | 00.0% | Unchanged |
| D. E. Shaw & Co., Inc. | 33,509 | $837.7K | 0.00% | +33,509 | New |
| Balyasny Asset Management LLC | 33,544 | $838.6K | 0.00% | +33,544 | New |
| Aristeia Capital LLC | 34,709 | $867.7K | 0.02% | +23,005+196.6% | Added |
| Independent Financial Group, LLC | 35,035 | $875.9K | 0.02% | −500−1.4% | Reduced |
| American Century Companies Inc | 36,011 | $900.3K | 0.00% | +11,676+48.0% | Added |
| Covestor Ltd | 38,830 | $970.0K | 0.51% | +21,374+122.4% | Added |
| Swiss National Bank | 39,400 | $985.0K | 0.00% | +1,100+2.9% | Added |
| Barclays PLC | 39,947 | $998.7K | 0.00% | +9,541+31.4% | Added |
| Wells Fargo & Company | 40,338 | $1.01M | 0.00% | +14,888+58.5% | Added |
| UBS Asset Management Americas Inc | 41,478 | $1.04M | 0.00% | +2,452+6.3% | Added |
| Ameriprise Financial Inc | 42,898 | $1.07M | 0.00% | −918−2.1% | Reduced |
| LPL Financial LLC | 43,228 | $1.08M | 0.00% | +655+1.5% | Added |
| Prescott Group Capital Management, L.L.C. | 43,897 | $1.10M | 0.10% | 00.0% | Unchanged |
| PDT Partners, LLC | 44,827 | $1.12M | 0.07% | +44,827 | New |
| JPMorgan Chase & Co | 46,900 | $1.17M | 0.00% | −454,817−90.7% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 48,434 | $1.21M | 0.03% | +31,672+189.0% | Added |
| SG Americas Securities, LLC | 48,812 | $1.22M | 0.00% | +34,303+236.4% | Added |
| Legal & General Group Plc | 57,557 | $1.44M | 0.00% | −611−1.1% | Reduced |
| Jefferies Financial Group Inc. | 59,300 | $1.48M | 0.01% | −355,927−85.7% | Reduced |
| Verition Fund Management LLC | 64,032 | $1.60M | 0.01% | +21,062+49.0% | Added |
| Rhumbline Advisers | 65,493 | $1.64M | 0.00% | −1,571−2.3% | Reduced |
| ExodusPoint Capital Management, LP | 66,767 | $1.67M | 0.02% | +66,767 | New |
| Millennium Management LLC | 68,973 | $1.72M | 0.00% | −358,317−83.9% | Reduced |
| Rothschild Investment LLC | 70,055 | $1.75M | 0.10% | −200,010−74.1% | Reduced |
| Rangeley Capital, LLC | 76,000 | $1.90M | 1.64% | +48,600+177.4% | Added |
| Public Sector Pension Investment Board | 76,756 | $1.92M | 0.01% | −8,496−10.0% | Reduced |
| Brigade Capital Management, LP | 77,357 | $1.93M | 1.09% | −143,493−65.0% | Reduced |
| Tudor Investment Corp Et Al | 98,888 | $2.47M | 0.01% | +98,888 | New |
| Principal Financial Group Inc | 105,841 | $2.65M | 0.00% | +237+0.2% | Added |
| Caption Management, LLC | 106,987 | $2.67M | 0.12% | +106,987 | New |
| Jump Financial, LLC | 109,411 | $2.74M | 0.03% | −16,889−13.4% | Reduced |
| Diametric Capital, LP | 117,336 | $2.93M | 0.79% | +63,718+118.8% | Added |
| Susquehanna Portfolio Strategies, LLC | 118,173 | $2.95M | 0.05% | 00.0% | Unchanged |
| AlpInvest Partners B.V. | 103,330 | $2.98M | 4.65% | 00.0% | Unchanged |
| Hudson Bay Capital Management LP | 119,385 | $2.98M | 0.02% | −78,736−39.7% | Reduced |
| Citigroup Inc | 120,496 | $3.01M | 0.00% | +10,601+9.6% | Added |
| Carlyle Group Inc. | 107,214 | $3.09M | 0.02% | 00.0% | Unchanged |
| Group One Trading, L.P. | 136,745 | $3.42M | 0.10% | +48,410+54.8% | Added |
| Adage Capital Partners GP, L.L.C. | 136,825 | $3.42M | 0.01% | −23,797−14.8% | Reduced |
| Simplex Trading, LLC | 137,530 | $3.44M | 0.10% | +73,612+115.2% | Added |
| Bank of New York Mellon Corp | 140,454 | $3.51M | 0.00% | −3,870−2.7% | Reduced |
| HRT Financial LP | 152,383 | $3.81M | 0.01% | +64,230+72.9% | Added |
| Dimensional Fund Advisors LP | 152,774 | $3.82M | 0.00% | +118,062+340.1% | Added |
| SummitTX Capital, L.P. | 161,190 | $4.03M | 0.12% | +161,190 | New |
| Squarepoint Ops LLC | 162,614 | $4.07M | 0.01% | +151,699+1,389.8% | Added |
| Mill Road Capital Management LLC | 167,650 | $4.19M | 2.49% | +40,000+31.3% | Added |
| PSquared Asset Management AG | 175,760 | $4.39M | 2.06% | +106,460+153.6% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 182,985 | $4.57M | 0.01% | +139,266+318.5% | Added |
| Shay Capital LLC | 194,300 | $4.86M | 0.78% | +35,107+22.1% | Added |
| Northern Trust Corp | 219,942 | $5.50M | 0.00% | −8,408−3.7% | Reduced |
| Goldman Sachs Group Inc | 243,165 | $6.08M | 0.00% | +38,952+19.1% | Added |
| Allianz Asset Management GmbH | 246,737 | $6.17M | 0.01% | −76,768−23.7% | Reduced |
| Nuveen, LLC | 254,409 | $6.36M | 0.00% | −8,914−3.4% | Reduced |
| Invesco Ltd. | 268,960 | $6.72M | 0.00% | +46,240+20.8% | Added |
| Susquehanna International Group, LLP | 272,123 | $6.80M | 0.01% | +46,495+20.6% | Added |
| Royce & Associates LP | 281,553 | $7.04M | 0.07% | +106,364+60.7% | Added |
| Deutsche Bank AG | 281,800 | $7.04M | 0.00% | +249,791+780.4% | Added |
| Walleye Capital LLC | 287,094 | $7.18M | 0.04% | +97,933+51.8% | Added |
| Citadel Advisors LLC | 309,598 | $7.74M | 0.01% | +236,115+321.3% | Added |
| Morgan Stanley | 344,071 | $8.60M | 0.00% | −62,087−15.3% | Reduced |
| Bank of America Corp | 384,708 | $9.62M | 0.00% | −130,163−25.3% | Reduced |
| BNP Paribas Arbitrage, SA | 404,706 | $10.1M | 0.01% | +208,096+105.8% | Added |
| Jane Street Group, LLC | 419,266 | $10.5M | 0.01% | +139,373+49.8% | Added |
| Charles Schwab Investment Management Inc | 481,944 | $12.0M | 0.00% | −27,899−5.5% | Reduced |
| UBS Group AG | 491,835 | $12.3M | 0.00% | −49,333−9.1% | Reduced |
| Geode Capital Management, LLC | 531,614 | $13.3M | 0.00% | +11,849+2.3% | Added |
| CIBC World Markets Inc. | 784,731 | $19.6M | 0.04% | +28,693+3.8% | Added |
| Melqart Asset Management (UK) Ltd | 849,876 | $21.2M | 2.13% | +467,482+122.3% | Added |
| Private Management Group Inc | 928,807 | $23.2M | 0.68% | −7,680−0.8% | Reduced |
| State Street Corp | 949,784 | $23.7M | 0.00% | +19,854+2.1% | Added |
| FMR LLC | 961,868 | $24.0M | 0.00% | +231,147+31.6% | Added |
| Paralel Advisors LLC | 975,000 | $24.4M | 0.95% | 00.0% | Unchanged |
| Irenic Capital Management LP | 1,229,819 | $30.7M | 4.03% | 00.0% | Unchanged |
| Vanguard Group Inc | 2,342,425 | $58.6M | 0.00% | −11,183−0.5% | Reduced |
| Littlejohn & Co LLC | 2,426,359 | $60.7M | 31.61% | −326,100−11.8% | Reduced |