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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
Qube Research & Technologies (QRT)
51
Qube Research & Technologies (QRT)
United Kingdom
$2.25M -$1.38M -33,097 -31%
AQR Capital Management
52
AQR Capital Management
Connecticut
$2.23M +$2.99M +71,539 New
SEC
53
Seven Eight Capital
New York
$2.19M +$1.96M +46,864 +199%
Prudential Financial
54
Prudential Financial
New Jersey
$2.19M +$1.71M +40,792 +138%
SAMU
55
SONA Asset Management (US)
New York
$2.18M +$2.93M +70,000 New
Public Sector Pension Investment Board (PSP Investments)
56
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.96M +$413K +9,860 +19%
WAM
57
Wolverine Asset Management
Illinois
$1.92M +$2.58M +61,746 New
IP
58
Isthmus Partners
Wisconsin
$1.75M +$1.17M +28,027 +99%
Swiss National Bank
59
Swiss National Bank
Switzerland
$1.58M – – –
Tudor Investment Corp
60
Tudor Investment Corp
Connecticut
$1.55M -$285K -6,820 -12%
Capital Fund Management (CFM)
61
Capital Fund Management (CFM)
France
$1.48M +$1.26M +30,182 +174%
TI
62
Trexquant Investment
Connecticut
$1.46M +$837K +20,006 +74%
American Century Companies
63
American Century Companies
Missouri
$1.38M +$397K +9,488 +27%
CEI
64
Clark Estates Inc
New York
$1.37M – – –
Hudson Bay Capital Management
65
Hudson Bay Capital Management
Connecticut
$1.36M +$1.83M +43,667 New
Citigroup
66
Citigroup
New York
$1.35M +$621K +14,845 +52%
New York State Teachers Retirement System (NYSTRS)
67
New York State Teachers Retirement System (NYSTRS)
New York
$1.34M -$69.2K -1,654 -4%
PIM
68
Profit Investment Management
Maryland
$1.32M – – –
CCMINC
69
Cardinal Capital Management Inc (North Carolina)
North Carolina
$1.31M +$619K +14,788 +54%
Two Sigma Investments
70
Two Sigma Investments
New York
$1.31M -$1.81M -43,246 -51%
GAM
71
Gotham Asset Management
New York
$1.28M +$1.54M +36,888 +866%
Squarepoint
72
Squarepoint
New York
$1.27M +$1.34M +32,088 +369%
Russell Investments Group
73
Russell Investments Group
United Kingdom
$1.25M -$3.15M -75,178 -65%
Mirae Asset Global Investments
74
Mirae Asset Global Investments
South Korea
$1.22M – – –
Capstone Investment Advisors
75
Capstone Investment Advisors
New York
$1.16M +$1.56M +37,268 New
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3
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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.