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Mill Road Capital Management’s Forward Air FWRD Stock Holding History

Mill Road Capital 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
2026
Q2 		$3.95M Buy
292,250
+65,500
+29% +$976K 1.95% 14
2026
Q1 		$3.79M Buy
226,750
+59,100
+35% +$1.44M 1.99% 13
2025
Q4 		$4.19M Buy
167,650
+40,000
+31% +$900K 2.49% 12
2025
Q3 		$3.27M Buy
+127,650
New +$3.67M 1.7% 14
2025
Q2 		– Sell
-127,650
Closed -$2.56M – 27
2025
Q1 		$2.56M Hold
127,650
– – 1.45% 17
2024
Q4 		$4.12M Buy
+127,650
New +$4.46M 1.98% 15

Other funds holding FWRD

CCG
Clearlake Capital Group Santa Monica, California $529M AUM 50.26% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
BCL
Bracebridge Capital LLC Boston, Massachusetts $5.53B AUM 25.79% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
PMG
Private Management Group Irvine, California $3.8B AUM 23.19% 1-Year Est. Return
CIBC World Market
CIBC World Market Toronto, Ontario, Canada $62.3B AUM 44.64% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return
HF
HRT Financial New York $54.8B AUM 81.03% 1-Year Est. Return
Barclays
Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

Mill Road Capital Management's FWRD Position: Q2 2026 in Review

Mill Road Capital Management increased its Forward Air (FWRD) stake by 29% in Q2 2026, buying an estimated $976K and bringing the position to 292,250 shares worth $3.95M. The position accounts for 1.95% of the portfolio, ranked #14.

Mill Road Capital Management first reported a position in FWRD in Q4 2024 and has held it in 6 quarters since. The position peaked at $4.19M in Q4 2025. 186 funds tracked by Wall St. Rank hold FWRD as of Q2 2026.

  • Mill Road Capital Management held 292,250 shares of Forward Air worth $3.95M as of Q2 2026.
  • Mill Road Capital Management bought 65,500 Forward Air shares in Q2 2026, an estimated $976K.
  • Forward Air made up 1.95% of Mill Road Capital Management's portfolio in Q2 2026, its #14 holding.
  • Mill Road Capital Management first reported a position in Forward Air in Q4 2024 and has held it in 6 quarters since.
  • Mill Road Capital Management's Forward Air position peaked at $4.19M in Q4 2025.
  • 186 funds tracked by Wall St. Rank held Forward Air as of Q2 2026.

Based on Mill Road Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.