Caption Management’s Forward Air FWRD Stock Holding History

Caption Management’s Portfolio FWRD Stock Details FWRD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-44,000	Closed	-$884K	–	1620
2025 Q1	$884K	Buy	44,000 +33,100	+304%	+$913K	0.01%	960
2024 Q4	$352K	Sell	10,900 -139,100	-93%	-$4.86M	﹤0.01%	1184
2024 Q3	$5.31M	Buy	+150,000	New	+$4.26M	0.08%	279
2024 Q1	–	Sell	-206,600	Closed	-$13M	–	1358
2023 Q4	$13M	Buy	206,600 +54,600	+36%	+$3.68M	0.18%	143
2023 Q3	$10.4M	Buy	+152,000	New	+$13.4M	0.16%	148

Other funds holding FWRD

CCG

Clearlake Capital Group Santa Monica, California $680M AUM 30.34% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

ICM

Irenic Capital Management New York $1.54B AUM 12.79% 1-Year Est. Return

PMG

Private Management Group Irvine, California $3.47B AUM 13.39% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Paralel Advisors Denver, Colorado $2.41B AUM 9.57% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

MAM

Melqart Asset Management London, United Kingdom $1.01B AUM 84.85% 1-Year Est. Return

Caption Management's FWRD Position: Q1 2026 in Review

Caption Management reduced its Forward Air (FWRD) stake by 99% in Q1 2026, selling an estimated $2.57M and leaving 1,485 shares worth $24.8K. The position accounts for ﹤0.01% of the portfolio, ranked #1450.

Caption Management first reported a position in FWRD in Q3 2024 and has held it in 3 quarters since. The position peaked at $5.42M in Q3 2024. 192 funds tracked by Wall St. Rank hold FWRD as of Q1 2026.

Caption Management held 1,485 shares of Forward Air worth $24.8K as of Q1 2026.
Caption Management sold 105,502 Forward Air shares in Q1 2026, an estimated $2.57M.
Forward Air made up ﹤0.01% of Caption Management's portfolio in Q1 2026, its #1450 holding.
Caption Management first reported a position in Forward Air in Q3 2024 and has held it in 3 quarters since.
Caption Management's Forward Air position peaked at $5.42M in Q3 2024.
192 funds tracked by Wall St. Rank held Forward Air as of Q1 2026.

Based on Caption Management's 13F filing for Q1 2026, filed 15 May 2026.