Forward AirFWRD

13F holders, Q3 2025 (September 30)
202holders +23
39new positions
16sold out
3famous investors
$25.66avg. 13F price*

At the end of Q3 2025, 202 institutions reported holding Forward Air Corp. (FWRD) in their 13F filings, up 23 from Q2 2025. 39 opened new positions and 16 sold out. The largest holders were Clearlake Capital Group, L.P. ($98.1M), BlackRock, Inc. ($82.6M) and Littlejohn & Co. LLC ($70.6M). 3 famous investors held it, including Steve Cohen (0.0% of Point72 Asset Management's portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).

Company
Forward Air Corp.
CUSIP
34986A104
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150200250 Q1 2025: 1Q1 2025Q2 2025: 179Q2 2025Q3 2025: 202Q3 2025Q4 2025: 201Q4 2025Q1 2026: 191Q1 2026Q2 2026: 185Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions39$50.3M
Exits16$21.1M

All 13F filers, Q2 2025 → Q3 2025: 4,428,139 shares bought and 3,112,940 shares sold, net +1,315,199 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 202 holders

Clearlake Capital Group, L.P. 9.16% No change 3,825,000 $98.1M
BlackRock, Inc. 0.00% Reduce -3.7% 3,221,634 $82.6M
Littlejohn & Co. LLC 35.62% Reduce -5.8% 2,752,459 $70.6M
Vanguard Group Inc. 0.00% Add +15.1% 2,353,608 $60.3M
Ridgemont Partners Management, LLC 100.00% Add +0.7% 1,937,405 $49.7M
Ancora Advisors LLC 0.76% Add +8.5% 1,475,055 $37.8M
Irenic Capital Management LP 6.68% Add +0.0% 1,229,819 $31.5M
Paralel Advisors LLC 0.97% No change 975,000 $25.0M
J. Goldman & Co LP 0.93% Add +3.1% 955,639 $24.5M
Private Management Group Inc. 0.71% Reduce -10.5% 936,487 $24.0M
State Street Corp. 0.00% Reduce -0.8% 929,930 $23.8M
Cibc World Market Inc. 0.04% Reduce -10.2% 756,038 $19.4M
FMR LLC 0.00% Add +15.6% 730,721 $18.7M
UBS Group AG 0.00% Reduce -40.1% 541,168 $13.9M
Geode Capital Management, LLC 0.00% Reduce -1.4% 519,765 $13.3M
Bank of America Corp. 0.00% Reduce -15.8% 514,871 $13.2M
Charles Schwab Investment Management Inc. 0.00% Reduce -13.1% 509,843 $13.1M
JPMorgan Chase & Co. 0.00% Reduce -36.2% 501,717 $12.9M
Millennium Management 0.01% Add +63.9% 427,290 $11.0M
Jefferies Financial Group Inc. 0.10% Add +8.0% 415,227 $10.6M
Morgan Stanley 0.00% Reduce -23.5% 406,158 $10.4M
Melqart Asset Management (UK) Ltd 1.31% New 382,394 $9.8M
Royal Bank of Canada 0.00% Add +13.7% 368,003 $9.4M
Allianz Asset Management GmbH 0.01% New 323,505 $8.3M
Jane Street Group, LLC 0.01% Add +610.7% 279,893 $7.2M
Rothschild Investment LLC 0.39% Add +337481.3% 270,065 $6.9M
Nuveen, LLC 0.00% Add +322.6% 263,323 $6.8M
Point72 Asset Management 0.01% Add +265.7% 234,066 $6.0M
Northern Trust Corp. 0.00% Reduce -1.7% 228,350 $5.9M
Susquehanna International Group, LLP 0.01% Add +99.8% 225,628 $5.8M
Invesco Ltd. 0.00% Reduce -14.0% 222,720 $5.7M
Brigade Capital Management, LP 5.28% No change 220,850 $5.7M
Goldman Sachs Group Inc. 0.00% Reduce -4.0% 204,213 $5.2M
Hudson Bay Capital Management LP 0.04% Reduce -24.2% 198,121 $5.1M
BNP Paribas Financial Markets 0.00% Reduce -31.5% 196,610 $5.0M
Walleye Capital LLC 0.04% New 189,161 $4.9M
Royce & Associates LP 0.04% Add +169.5% 175,189 $4.5M
Oasis Management Co Ltd. 0.98% New 173,432 $4.4M
Adage Capital Partners Gp, L.L.C. 0.01% Add +29.7% 160,622 $4.1M
Shay Capital LLC 0.74% Add +228.2% 159,193 $4.1M
Union Square Park Capital Management, LLC 2.71% Reduce -14.3% 150,000 $3.8M
Bank of New York Mellon Corp 0.00% Reduce -3.1% 144,324 $3.7M
TIG Advisors, LLC 0.21% New 134,800 $3.5M
Mill Road Capital Management LLC 1.71% New 127,650 $3.3M
Jump Financial, LLC 0.04% Reduce -31.5% 126,300 $3.2M
Carlyle Group Inc. 0.07% No change 107,214 $3.1M
AlpInvest Partners B.V. 7.61% No change 103,330 $3.0M
Susquehanna Portfolio Strategies, LLC 0.05% No change 118,173 $3.0M
Citigroup Inc. 0.00% Reduce -9.8% 109,895 $2.8M
Principal Financial Group Inc. 0.00% Add +1.3% 105,604 $2.7M
Group One Trading LLC 0.07% Add +51.4% 88,335 $2.3M
HRT Financial LP 0.01% Add +98.8% 88,153 $2.3M
Public Sector Pension Investment Board 0.01% Add +19.2% 85,252 $2.2M
Citadel Advisors 0.00% Add +271.0% 73,483 $1.9M
PSquared Asset Management AG 1.41% New 69,300 $1.8M
Rhumbline Advisers 0.00% Reduce -8.9% 67,064 $1.7M
Simplex Trading, LLC 0.04% Add +1693.9% 63,918 $1.6M
Legal & General Group Plc 0.00% Reduce -0.4% 58,168 $1.5M
Diametric Capital, LP 0.51% Add +20.0% 53,618 $1.4M
Russell Investments Group, Ltd. 0.00% Add +38.4% 47,428 $1.2M
XTX Topco Ltd 0.06% New 45,585 $1.2M
Intech Investment Management LLC 0.01% Add +32.5% 44,779 $1.1M
Prescott Group Capital Management, L.L.C. 0.12% No change 43,897 $1.1M
Ameriprise Financial Inc. 0.00% Reduce -2.9% 43,816 $1.1M
Healthcare of Ontario Pension Plan Trust Fund 0.00% New 43,719 $1.1M
Verition Fund Management LLC 0.01% Reduce -13.8% 42,970 $1.1M
LPL Financial LLC 0.00% Add +325.5% 42,573 $1.1M
Clear Harbor Asset Management, LLC 0.08% New 42,560 $1.1M
Hussman Strategic Advisors, Inc. 0.23% New 42,000 $1.1M
Marshall Wace, LLP 0.00% Reduce -52.7% 40,356 $1.0M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -37.3% 39,026 $1.0M
Swiss National Bank 0.00% Reduce -5.7% 38,300 $982K
Lombard Odier Asset Management (USA) Corp 0.24% Add +185.1% 35,640 $914K
Independent Financial Group, LLC 0.02% No change 35,535 $911K
Brevan Howard Capital Management LP 0.01% New 34,899 $895K
Dimensional Fund Advisors LP 0.00% Add +255.9% 34,712 $890K
Integrity Financial Corp 0.41% New 33,267 $853K
Deutsche Bank AG 0.00% New 32,009 $821K
New York State Teachers Retirement System 0.00% No change 31,860 $817K
Readystate Asset Management LP 0.08% New 31,538 $809K
Wolverine Trading, LLC 0.02% New 30,106 $790K
Barclays PLC 0.00% Reduce -30.3% 30,406 $780K
Rangeley Capital, LLC 0.68% New 27,400 $703K
Alliancebernstein L.P. 0.00% Reduce -17.4% 27,206 $698K
Cubist Systematic Strategies, LLC 0.01% New 26,783 $687K
First Citizens Bank & Trust Co. 0.01% Add +76.1% 26,636 $683K
Sugar Maple Asset Management, LLC 0.48% Add +8.4% 25,900 $664K
Gallo Partners, LP 0.50% New 25,835 $662K
Quadrature Capital Ltd 0.01% Add +153.3% 25,550 $655K
Envestnet Portfolio Solutions, Inc. 0.00% Add +75.2% 25,508 $654K
Wells Fargo & Company 0.00% Reduce -14.6% 25,450 $653K
T. Rowe Price Associates Inc. 0.00% No change 25,095 $644K
American Century Companies Inc. 0.00% New 24,335 $624K
Tidal Investments LLC 0.00% Reduce -0.9% 23,422 $601K
Prudential Financial Inc. 0.00% Reduce -1.3% 21,151 $542K
Prelude Capital Management, LLC 0.04% Add +20.2% 21,009 $539K
California State Teachers Retirement System 0.00% Add +7.9% 19,314 $495K
Counterpoint Mutual Funds LLC 0.04% New 18,932 $485K
Two Sigma Investments, LP 0.00% Reduce -24.7% 18,657 $478K
Creative Planning 0.00% Add +2.2% 18,410 $472K
Inspire Investing, LLC 0.04% Add +10.1% 17,581 $451K
Covestor Ltd 0.25% Add +349020.0% 17,456 $447K
Penn Capital Management Company, LLC 0.03% Add +67.1% 17,374 $445K
Y-Intercept (Hong Kong) Ltd 0.01% Reduce -77.5% 16,762 $430K
Fuller & Thaler Asset Management, Inc. 0.00% New 16,095 $413K
Engineers Gate Manager LP 0.00% New 15,985 $410K
Thrivent Financial for Lutherans 0.00% Add +2.2% 15,772 $404K
SG Americas Securities, LLC 0.00% Reduce -88.8% 14,509 $372K
Quantinno Capital Management LP 0.00% Add +9.3% 14,269 $366K
Janus Henderson Group PLC 0.00% No change 12,347 $317K
Two Sigma Securities, LLC 0.05% New 11,938 $306K
MetLife Investment Management, LLC 0.00% Reduce -19.2% 11,835 $303K
Aristeia Capital, L.L.C. 0.02% New 11,704 $300K
iSAM Funds (UK) Ltd 0.06% Add +18.2% 11,237 $288K
State of Alaska, Department of Revenue 0.00% Reduce -12.0% 11,000 $282K
Squarepoint Ops LLC 0.00% Reduce -92.3% 10,915 $280K
Point72 Asia (Singapore) Pte. Ltd. 0.04% Add +54.0% 10,822 $277K
Optimize Financial Inc. 0.14% New 10,610 $272K
NJ State Employees Deferred Compensation Plan 0.03% No change 10,000 $256K
Louisiana State Employees Retirement System 0.00% Add +2.0% 10,000 $256K
State of Wisconsin Investment Board 0.00% Add +14.4% 9,932 $255K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -20.1% 9,865 $253K
HB Wealth Management, LLC 0.00% New 9,216 $236K
Headlands Technologies LLC 0.02% Add +21.6% 9,005 $231K
Virtu Financial LLC 0.01% New 8,895 $228K
Neuberger Berman Group LLC 0.00% Add +3.4% 8,749 $224K
Sherbrooke Park Advisers LLC 0.10% New 8,157 $209K
ProShare Advisors LLC 0.00% New 8,008 $205K
KLP Kapitalforvaltning As 0.00% Reduce -19.6% 7,800 $200K
Logan Capital Management Inc. 0.01% Add +11.7% 7,575 $194K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 6,966 $179K
Wolverine Asset Management LLC 0.01% No change 6,565 $168K
Bfsg, LLC 0.02% Reduce -16.0% 6,555 $168K
Amalgamated Bank 0.00% Add +3.4% 6,381 $164K
Comerica Bank 0.00% Reduce -10.9% 6,379 $164K
Teachers Retirement System of the State of Kentucky 0.00% Reduce -30.3% 6,105 $157K
Ensign Peak Advisors, Inc 0.00% Reduce -68.6% 5,847 $150K
Police & Firemen's Retirement System of New Jersey 0.00% No change 5,725 $147K
Osaic Holdings, Inc. 0.00% Reduce -0.2% 4,695 $141K
Oregon Public Employees Retirement Fund 0.00% Add +1.8% 4,920 $126K
New York State Common Retirement Fund 0.00% Reduce -44.2% 4,917 $126K
State of Tennessee, Department of Treasury 0.00% No change 4,542 $116K
SRH Advisors, LLC 0.03% Reduce -8.0% 4,040 $104K
Summit Securities Group LLC 0.03% Add +16.4% 3,862 $99K
Public Employees Retirement Association of Colorado 0.00% Reduce -8.2% 3,633 $93K
Tower Research Capital LLC (TRC) 0.00% Add +36.5% 3,550 $91K
GAMMA Investing LLC 0.00% Add +3.7% 3,220 $83K
AlphaQuest LLC 0.01% Add +541.5% 3,015 $77K
US Bancorp \de 0.00% Reduce -2.7% 2,986 $77K
MAI Capital Management 0.00% Reduce -51.6% 2,859 $73K
Nisa Investment Advisors, LLC 0.00% Add +2.5% 2,561 $66K
Federation des caisses Desjardins du Quebec 0.00% No change 2,000 $51K
Canada Pension Plan Investment Board 0.00% Add +1700.0% 1,800 $46K
Ameritas Investment Partners, Inc. 0.00% Reduce -31.9% 1,771 $45K
Point72 (DIFC) Ltd 0.00% Add +801.1% 1,640 $42K
Quantbot Technologies LP 0.00% Reduce -97.3% 1,480 $38K
Public Employees Retirement System of Ohio 0.00% Reduce -13.3% 1,249 $32K
Sterling Capital Management LLC 0.00% Add +133.3% 933 $24K
Versant Capital Management, Inc 0.00% No change 911 $23K
Cwm, LLC 0.00% Add +5.7% 812 $21K
Emerald Advisers, LLC 0.00% No change 585 $15K
Allworth Financial LP 0.00% Add +0.8% 513 $13K
Nalls Sherbakoff Group, LLC 0.01% No change 500 $13K
PNC Financial Services Group, Inc. 0.00% Add +16.4% 490 $13K
Anchor Investment Management, LLC 0.00% Add +3.6% 430 $11K
Farther Finance Advisors, LLC 0.00% Add +89.7% 387 $10K
MassMutual Private Wealth & Trust, FSB 0.00% Add +19.3% 297 $8K
Caitong International Asset Management Co., Ltd 0.00% Reduce -57.1% 264 $7K
Rockefeller Capital Management L.P. 0.00% New 262 $7K
Signaturefd, LLC 0.00% No change 256 $7K
North Star Investment Management Corp. 0.00% Reduce -27.3% 240 $6K
Quadrant Capital Group LLC 0.00% New 223 $6K
Fifth Third Bancorp 0.00% Add +13.8% 215 $6K
Salomon & Ludwin, LLC 0.00% New 215 $5K
Harbor Capital Advisors, Inc. 0.00% Add +4100.0% 210 $5K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Reduce -25.6% 204 $5K
Arax Advisory Partners 0.00% Add +28.2% 159 $4K
Larson Financial Group LLC 0.00% Add +2880.0% 149 $4K
Steward Partners Investment Advisory, LLC 0.00% Reduce -4.6% 144 $4K
Jones Financial Companies LLLP 0.00% No change 126 $3K
CIBC Private Wealth Group LLC 0.00% No change 105 $3K
UMB Bank, n.a. 0.00% New 98 $3K
EverSource Wealth Advisors, LLC 0.00% Add +275.0% 75 $2K
McIlrath & Eck, LLC 0.00% No change 70 $2K
Bessemer Group Inc. 0.00% Add +164.7% 45 $1K
Cedar Mountain Advisors, LLC 0.00% New 28 $718
Fortitude Family Office, LLC 0.00% No change 27 $692
Annis Gardner Whiting Capital Advisors, LLC 0.00% No change 20 $513
NewEdge Advisors, LLC 0.00% No change 20 $513
Kilter Group LLC 0.00% New 19 $488
SBI Securities Co., Ltd. 0.00% Add +18.8% 19 $487
Cullen/Frost Bankers, Inc. 0.00% No change 18 $462
Farmers & Merchants Investments Inc. 0.00% No change 18 $462
Vermillion Wealth Management, Inc. 0.00% No change 14 $362
Clearstead Trust, LLC 0.00% No change 14 $359
True Wealth Design, LLC 0.00% No change 14 $359
Huntington National Bank 0.00% No change 13 $333
Smartleaf Asset Management LLC 0.00% New 11 $288
Salem Investment Counselors Inc. 0.00% New 10 $257
Parallel Advisors, LLC 0.00% No change 10 $256
IFP Advisors, Inc 0.00% Add +0.0% 4 $103
Advisory Services Network, LLC 0.00% New 1 $26

"% of holder's portfolio" is FWRD's weight in each manager's 13F, not the share of Forward Air Corp. the manager owns.