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Forward Air
FWRD

225 hedge funds and large institutions have $882M invested in Forward Air in 2024 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 94 increasing their positions, 62 reducing their positions, and 85 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

52% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 62

6.84% more ownership

Funds ownership: 103.48% → 110.32% (+6.8%)

15% less funds holding

Funds holding: 264 → 225 (-39)

45% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 85

47% less capital invested

Capital invested by funds: $1.67B → $882M (-$787M)

63% less call options, than puts

Call options by funds: $12.1M | Put options by funds: $33.2M

Holders
225
Holders Change
-39
Holders Change %
-14.77%
% of All Funds
3.24%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
47
Increased
94
Reduced
62
Closed
85
Calls
$12.1M
Puts
$33.2M
Net Calls
-$21.1M
Net Calls Change
+$11.7M

Top Buyers

1
Pacer Advisors
Pacer Advisors
Pennsylvania
+$62.1M
2
CCG
Clearlake Capital Group
California
+$45.1M
3
PMG
Private Management Group
California
+$41.7M
4
Invesco
Invesco
Georgia
+$29.6M
5
RPM
Ridgemont Partners Management
North Carolina
+$29.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$65.1M
2
SAM
Silvercrest Asset Management
New York
-$46.7M
3
Norges Bank
Norges Bank
Norway
-$43.3M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$28M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$25.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
26
Barclays
United Kingdom
$6.19M +$4.69M +112,074 +129%
Principal Financial Group
27
Principal Financial Group
Iowa
$6.05M +$2.23M +53,310 +38%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
28
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$5.9M +$7.93M +189,500 New
Walleye Capital
29
Walleye Capital
New York
$5.03M +$1.76M +42,044 +35%
Bank of America
30
Bank of America
North Carolina
$4.99M -$49.4K -1,180 -0.7%
JP Morgan Chase
31
JP Morgan Chase
New York
$4.21M +$1.07M +25,661 +23%
UBS Group
32
UBS Group
Switzerland
$3.84M +$911K +21,764 +21%
AllianceBernstein
33
AllianceBernstein
Tennessee
$3.78M +$1.83M +43,839 +56%
Nordea Investment Management
34
Nordea Investment Management
Sweden
$3.44M +$4.57M +109,288 New
HB
35
Hauser Brothers
Germany
$3.17M +$4.27M +102,014 New
DA
36
Duality Advisers
Florida
$3.12M +$2.56M +61,235 +157%
BNP Paribas Financial Markets
37
BNP Paribas Financial Markets
France
$2.99M +$2.85M +68,093 +244%
Connor, Clark & Lunn Investment Management (CC&L)
38
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.96M +$3.99M +95,274 New
Canada Pension Plan Investment Board
39
Canada Pension Plan Investment Board
Ontario, Canada
$2.88M +$2.56M +61,100 +193%
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$2.81M +$776K +18,541 +26%
Ameriprise
41
Ameriprise
Minnesota
$2.8M -$2.68M -64,045 -42%
RA
42
Royce & Associates
New York
$2.78M -$1.33M -31,752 -26%
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$2.73M +$285K +6,820 +8%
Federated Hermes
44
Federated Hermes
Pennsylvania
$2.61M +$3.51M +83,809 New
Legal & General Group
45
Legal & General Group
United Kingdom
$2.56M +$348K +8,315 +11%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$2.5M +$1.67M +39,900 +98%
ECM
47
ExodusPoint Capital Management
New York
$2.41M -$5.46M -130,451 -63%
Wolverine Trading
48
Wolverine Trading
Illinois
$2.33M +$3.13M +74,813 New
QC
49
Quadrature Capital
United Kingdom
$2.28M +$560K +13,385 +22%
EGM
50
Engineers Gate Manager
New York
$2.27M +$1.07M +25,670 +54%
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FWRD Hedge Fund Activity: Q1 2024 in Review

225 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2024, worth a combined $882M — down 47% from $1.67B a quarter earlier.

Sellers outnumbered buyers: 85 funds closed out of FWRD and 47 opened new positions — a net loss of 38 holders — while 62 trimmed existing stakes and 94 added.

The largest buyer was Pacer Advisors, adding an estimated $62.1M. The largest seller was Morgan Stanley, cutting an estimated $65.1M.

  • 225 institutional investors held Forward Air (FWRD) as of Q1 2024, down from 264 in Q4 2023.
  • Funds reported $882M of Forward Air stock for Q1 2024, down 47% quarter-over-quarter.
  • 47 funds opened new Forward Air positions in Q1 2024 and 85 closed out, a net change of -38 holders.
  • The largest Forward Air buyer in Q1 2024 was Pacer Advisors, an estimated $62.1M added.
  • The largest Forward Air seller in Q1 2024 was Morgan Stanley, an estimated $65.1M sold.

Based on aggregated 13F filings for Q1 2024.