Union Square Park Capital Management’s Forward Air FWRD Stock Holding History

Union Square Park 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
2025 Q4	–	Sell	-150,000	Closed	-$3.85M	–	55
2025 Q3	$3.85M	Sell	150,000 -25,000	-14%	-$719K	1.37%	17
2025 Q2	$4.29M	Buy	175,000 +35,000	+25%	+$622K	1.8%	14
2025 Q1	$2.81M	Buy	+140,000	New	+$3.86M	1.84%	17
2024 Q4	–	Sell	-65,000	Closed	-$2.3M	–	37
2024 Q3	$2.3M	Buy	+65,000	New	+$1.84M	1.67%	19

Other funds holding FWRD

CCG

Clearlake Capital Group Santa Monica, California $529M AUM 50.26% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Littlejohn & Co Greenwich, Connecticut $78.6M AUM 1.93% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

ICM

Irenic Capital Management New York $2.08B AUM 19.87% 1-Year Est. Return

Paralel Advisors Denver, Colorado $2.59B AUM 17.02% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

PMG

Private Management Group Irvine, California $3.8B AUM 23.19% 1-Year Est. Return

MAM

Melqart Asset Management London, United Kingdom $1.05B AUM 111.55% 1-Year Est. Return

Union Square Park Capital Management's FWRD Position: Q4 2025 in Review

Union Square Park Capital Management sold out of Forward Air (FWRD) in Q4 2025, closing a stake of 150,000 shares — an estimated $3.85M sold.

Union Square Park Capital Management first reported a position in FWRD in Q3 2024 and held it in 4 quarters. The position peaked at $4.29M in Q2 2025. 202 funds tracked by Wall St. Rank hold FWRD as of Q4 2025.

Union Square Park Capital Management reported no remaining Forward Air position as of Q4 2025 after selling out during the quarter.
Union Square Park Capital Management sold 150,000 Forward Air shares in Q4 2025, an estimated $3.85M.
Union Square Park Capital Management first reported a position in Forward Air in Q3 2024 and held it in 4 quarters.
Union Square Park Capital Management's Forward Air position peaked at $4.29M in Q2 2025.
202 funds tracked by Wall St. Rank held Forward Air as of Q4 2025.

Based on Union Square Park Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.