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 |
|---|---|---|---|---|---|
| Quadrature Capital Ltd | 17,013 | $425.3K | 0.00% | −8,537−33.4% | Reduced |
| XTX Topco Ltd | 16,928 | $423.2K | 0.01% | −28,657−62.9% | Reduced |
| Jain Global LLC | 16,910 | $422.8K | 0.00% | +16,910 | New |
| Quantinno Capital Management LP | 16,603 | $415.1K | 0.00% | +2,334+16.4% | Added |
| Aquatic Capital Management LLC | 16,322 | $408.1K | 0.01% | +16,322 | New |
| Fuller & Thaler Asset Management, Inc. | 16,095 | $402.4K | 0.00% | 00.0% | Unchanged |
| Clear Harbor Asset Management, LLC | 15,802 | $395.1K | 0.03% | −26,758−62.9% | Reduced |
| Thrivent Financial for Lutherans | 15,245 | $381.0K | 0.00% | −527−3.3% | Reduced |
| Headlands Technologies LLC | 14,860 | $371.5K | 0.03% | +5,855+65.0% | Added |
| CenterBook Partners LP | 14,853 | $371.3K | 0.02% | +14,853 | New |
| Franklin Resources Inc | 12,980 | $324.5K | 0.00% | +12,980 | New |
| Janus Henderson Group PLC | 12,347 | $308.6K | 0.00% | 00.0% | Unchanged |
| MetLife Investment Management | 11,587 | $289.7K | 0.00% | −248−2.1% | Reduced |
| State of Alaska, Department of Revenue | 11,296 | $282.0K | 0.00% | +296+2.7% | Added |
| Optimize Financial Inc | 10,762 | $269.1K | 0.14% | +152+1.4% | Added |
| Louisiana State Employees Retirement System | 10,200 | $255.0K | 0.00% | +200+2.0% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 9,978 | $249.4K | 0.00% | +113+1.1% | Added |
| Two Sigma Investments, LP | 9,700 | $242.5K | 0.00% | −8,957−48.0% | Reduced |
| Entropy Technologies, LP | 9,393 | $234.8K | 0.01% | +9,393 | New |
| HB Wealth Management, LLC | 9,285 | $232.1K | 0.00% | +69+0.7% | Added |
| Cambridge Investment Research Advisors, Inc. | 9,285 | $232.0K | 0.00% | +9,285 | New |
| One68 Global Capital, LLC | 9,000 | $225.0K | 2.65% | +9,000 | New |
| KLP Kapitalforvaltning AS | 8,600 | $215.0K | 0.00% | +800+10.3% | Added |
| Guggenheim Capital LLC | 8,267 | $206.7K | 0.00% | +8,267 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 6,966 | $174.2K | 0.00% | 00.0% | Unchanged |
| Wolverine Asset Management LLC | 6,565 | $164.1K | 0.00% | 00.0% | Unchanged |
| BFSG, LLC | 6,555 | $163.9K | 0.02% | 00.0% | Unchanged |
| Amalgamated Bank | 6,355 | $159.0K | 0.00% | −26−0.4% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 5,725 | $143.1K | 0.00% | 00.0% | Unchanged |
| Teachers Retirement System of the State of Kentucky | 5,685 | $142.0K | 0.00% | −420−6.9% | Reduced |
| Comerica Bank | 5,264 | $131.6K | 0.00% | −1,115−17.5% | Reduced |
| Oregon Public Employees Retirement Fund | 5,115 | $127.9K | 0.00% | +195+4.0% | Added |
| Advisor Group Holdings, Inc. | 5,036 | $125.9K | 0.00% | +341+7.3% | Added |
| New York State Common Retirement Fund | 4,917 | $122.9K | 0.00% | 00.0% | Unchanged |
| State of Tennessee, Treasury Department | 4,210 | $117.4K | 0.00% | −332−7.3% | Reduced |
| Rocky Mountain Advisers, LLC | 4,040 | $101.0K | 0.03% | 00.0% | Unchanged |
| Canada Pension Plan Investment Board | 3,800 | $95.0K | 0.00% | +2,000+111.1% | Added |
| Public Employees Retirement Association of Colorado | 3,633 | $91.0K | 0.00% | 00.0% | Unchanged |
| Quest Partners LLC | 3,431 | $85.8K | 0.00% | +416+13.8% | Added |
| SageView Advisory Group, LLC | 3,239 | $81.0K | 0.00% | +3,239 | New |
| GAMMA Investing LLC | 3,028 | $75.7K | 0.00% | −192−6.0% | Reduced |
| Kestra Advisory Services, LLC | 2,953 | $73.8K | 0.00% | +2,953 | New |
| Nisa Investment Advisors, LLC | 2,869 | $71.7K | 0.00% | +308+12.0% | Added |
| US Bancorp | 2,782 | $69.5K | 0.00% | −204−6.8% | Reduced |
| Ensign Peak Advisors, Inc | 1,847 | $46.2K | 0.00% | −4,000−68.4% | Reduced |
| Tower Research Capital LLC (TRC) | 1,794 | $44.9K | 0.00% | −1,756−49.5% | Reduced |
| Ameritas Investment Partners, Inc. | 1,771 | $44.3K | 0.00% | 00.0% | Unchanged |
| Garton & Associates Financial Advisors LLC | 1,430 | $35.8K | 0.02% | +1,430 | New |
| Public Employees Retirement System of Ohio | 1,122 | $28.1K | 0.00% | −127−10.2% | Reduced |
| CWM, LLC | 1,034 | $26.0K | 0.00% | +222+27.3% | Added |
| Versant Capital Management, Inc | 904 | $22.6K | 0.00% | −7−0.8% | Reduced |
| Sterling Capital Management LLC | 826 | $20.6K | 0.00% | −107−11.5% | Reduced |
| Larson Financial Group LLC | 818 | $20.4K | 0.00% | +669+449.0% | Added |
| Pinnacle Wealth Planning Services, Inc. | 617 | $15.4K | 0.00% | +617 | New |
| The PNC Financial Services Group, Inc. | 591 | $14.8K | 0.00% | +101+20.6% | Added |
| Emerald Advisers, LLC | 585 | $14.6K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 527 | $13.2K | 0.00% | +14+2.7% | Added |
| Farther Finance Advisors, LLC | 524 | $13.1K | 0.00% | +137+35.4% | Added |
| Nalls Sherbakoff Group, LLC | 500 | $12.5K | 0.01% | 00.0% | Unchanged |
| Anchor Investment Management, LLC | 415 | $10.4K | 0.00% | −15−3.5% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 352 | $9.00K | 0.00% | +148+72.5% | Added |
| Signaturefd, LLC | 357 | $8.93K | 0.00% | +101+39.5% | Added |
| Massmutual Trust Co FSB | 288 | $7.20K | 0.00% | −9−3.0% | Reduced |
| North Star Investment Management Corp. | 240 | $6.00K | 0.00% | 00.0% | Unchanged |
| Fifth Third Bancorp | 220 | $5.50K | 0.00% | +5+2.3% | Added |
| Umb Bank N A | 208 | $5.20K | 0.00% | +110+112.2% | Added |
| Salomon & Ludwin, LLC | 199 | $5.07K | 0.00% | −16−7.4% | Reduced |
| Harbor Capital Advisors, Inc. | 206 | $5.00K | 0.00% | −4−1.9% | Reduced |
| MAI Capital Management | 198 | $4.95K | 0.00% | −2,661−93.1% | Reduced |
| EverSource Wealth Advisors, LLC | 172 | $4.30K | 0.00% | +97+129.3% | Added |
| Rockefeller Capital Management L.P. | 170 | $4.25K | 0.00% | −92−35.1% | Reduced |
| Quadrant Capital Group LLC | 155 | $3.88K | 0.00% | −68−30.5% | Reduced |
| Steward Partners Investment Advisory, LLC | 144 | $3.60K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 11,670 | $3.23K | 0.00% | +11,511+7,239.6% | Added |
| Bessemer Group Inc | 114 | $3.00K | 0.00% | +69+153.3% | Added |
| Nvest Wealth Strategies, Inc. | 120 | $3.00K | 0.00% | +120 | New |
| Sound Income Strategies, LLC | 100 | $2.86K | 0.00% | +100 | New |
| Los Angeles Capital Management LLC | 152 | $2.84K | 0.00% | +152 | New |
| CIBC Private Wealth Group, LLC | 110 | $2.75K | 0.00% | +5+4.8% | Added |
| Basepoint Wealth LLC | 100 | $2.50K | 0.00% | +100 | New |
| Bare Financial Services, Inc | 86 | $2.15K | 0.00% | +86 | New |
| Jones Financial Companies LLLP | 76 | $1.90K | 0.00% | −50−39.7% | Reduced |
| Caitong International Asset Management Co., Ltd | 47 | $1.18K | 0.00% | −217−82.2% | Reduced |
| Smartleaf Asset Management LLC | 34 | $860 | 0.00% | +23+209.1% | Added |
| Basecamp Wealth Advisors LLC | 30 | $750 | 0.00% | +30 | New |
| Fortitude Family Office, LLC | 27 | $675 | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 26 | $650 | 0.00% | +7+36.8% | Added |
| Cedar Mountain Advisors, LLC | 25 | $625 | 0.00% | −3−10.7% | Reduced |
| Cornerstone Financial Management LLC | 23 | $575 | 0.00% | +23 | New |
| GWM Advisors LLC | 20 | $500 | 0.00% | 00.0% | Unchanged |
| Annis Gardner Whiting Capital Advisors, LLC | 20 | $500 | 0.00% | 00.0% | Unchanged |
| Prestige Wealth Management Group LLC | 19 | $475 | 0.00% | +19 | New |
| Farmers & Merchants Investments Inc | 18 | $450 | 0.00% | 00.0% | Unchanged |
| Cullen/Frost Bankers, Inc. | 16 | $400 | 0.00% | −2−11.1% | Reduced |
| SBI Securities Co., Ltd. | 15 | $375 | 0.00% | −4−21.1% | Reduced |
| Vermillion Wealth Management, Inc. | 14 | $353 | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 14 | $350 | 0.00% | 00.0% | Unchanged |
| Parallel Advisors, LLC | 10 | $250 | 0.00% | 00.0% | Unchanged |
| Ankerstar Wealth, LLC | 9 | $225 | 0.00% | +9 | New |
| International Assets Investment Management, LLC | 5 | $125 | 0.00% | +5 | New |