Forward Air
FWRD
194 hedge funds and large institutions have $672M invested in Forward Air in 2025 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 59 increasing their positions, 71 reducing their positions, and 40 closing their positions.
4.7% less ownership
Funds ownership: 114.55% → 109.85% (-4.7%)
8% less funds holding
Funds holding: 210 → 194 (-16)
17% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 71
33% less call options, than puts
Call options by funds: $21.4M | Put options by funds: $31.8M
37% less capital invested
Capital invested by funds: $1.07B → $672M (-$399M)
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
40% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
+$32M |
| 2 |
JP Morgan Chase
New York
|
+$12.2M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$8.84M |
| 4 |
MCM
Moore Capital Management
New York
|
+$8.59M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
MFN Partners
Boston,
Massachusetts
|
-$41.6M |
| 2 |
GAM
Goldentree Asset Management
New York
|
-$22.9M |
| 3 |
AFCM
Alta Fox Capital Management
Fort Worth,
Texas
|
-$22.3M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$11.1M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$9.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
226
Aquatic Capital Management
Chicago,
Illinois
| – | -$138K | -4,283 | Closed |
|
227
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| – | -$64.5K | -2,000 | Closed |
|
|
CAS
228
Coppell Advisory Solutions
Coppell,
Texas
| – | -$39.9K | -1,214 | Closed |
|
|
HCA
229
Harbor Capital Advisors
Chicago,
Illinois
| – | -$6.01K | -218 | -98% |
|
|
GIA
230
GHP Investment Advisors
Denver,
Colorado
| – | -$4.93K | -153 | Closed |
|
|
BIA
231
Bell Investment Advisors
Oakland,
California
| – | -$549 | -17 | Closed |
|
|
CIAM
232
Caitong International Asset Management
Hong Kong
| – | -$161 | -5 | Closed |
|
|
CAL
233
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | +$193 | +7 | New |
|
|
HFS
234
Hantz Financial Services
Southfield,
Michigan
| – | +$248 | +9 | New |
|
FWRD Hedge Fund Activity: Q1 2025 in Review
194 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2025, worth a combined $672M — down 37% from $1.07B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of FWRD and 24 opened new positions — a net loss of 16 holders — while 71 trimmed existing stakes and 59 added.
The largest buyer was Littlejohn & Co, adding an estimated $32M. The largest seller was MFN Partners, exiting entirely with an estimated $41.6M sold.
- 194 institutional investors held Forward Air (FWRD) as of Q1 2025, down from 210 in Q4 2024.
- Funds reported $672M of Forward Air stock for Q1 2025, down 37% quarter-over-quarter.
- 24 funds opened new Forward Air positions in Q1 2025 and 40 closed out, a net change of -16 holders.
- The largest Forward Air buyer in Q1 2025 was Littlejohn & Co, an estimated $32M added.
- The largest Forward Air seller in Q1 2025 was MFN Partners, an estimated $41.6M sold.
Based on aggregated 13F filings for Q1 2025.