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Forward Air

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.

New
Increased
Maintained
Reduced
Closed

4.7% less ownership

Funds ownership: 114.55%109.85% (-4.7%)

8% less funds holding

Funds holding: 210194 (-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: 106 (-4)

40% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 40

Holders
194
Holders Change
-16
Holders Change %
-7.62%
% of All Funds
2.6%
Holding in Top 10
6
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-40%
% of All Funds
0.08%
New
24
Increased
59
Reduced
71
Closed
40
Calls
$21.4M
Puts
$31.8M
Net Calls
-$10.5M
Net Calls Change
-$6.36M
Name Holding Trade Value Shares
Change
Change in
Stake
AIC
51
Anthracite Investment Company
Texas
$1.65M +$331K +12,000 +17%
EIM
52
Essex Investment Management
Massachusetts
$1.54M -$14.6K -531 -0.7%
IIM
53
INTECH Investment Management
Florida
$1.47M +$788K +28,564 +64%
RA
54
Royce & Associates
New York
$1.45M -$174K -6,293 -8%
RhumbLine Advisers
55
RhumbLine Advisers
Massachusetts
$1.41M +$4.91K +178 +0.3%
Public Sector Pension Investment Board (PSP Investments)
56
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.27M +$373K +13,523 +27%
Barclays
57
Barclays
United Kingdom
$1.2M -$351K -12,718 -18%
QT
58
Quantbot Technologies
New York
$1.1M +$460K +16,659 +44%
Legal & General Group
59
Legal & General Group
United Kingdom
$1.08M -$45.9K -1,663 -3%
Susquehanna International Group
60
Susquehanna International Group
Pennsylvania
$1.02M +$168K +6,083 +14%
Ameriprise
61
Ameriprise
Minnesota
$1.02M -$206K -7,454 -13%
CAM
62
Cresset Asset Management
Illinois
$995K -$105K -3,800 -7%
Balyasny Asset Management
63
Balyasny Asset Management
Illinois
$982K -$1.8M -65,075 -57%
SCM
64
Saba Capital Management
New York
$967K +$364K +13,195 +38%
CAU
65
Caxton Associates (UK)
$960K +$1.32M +47,768 New
Russell Investments Group
66
Russell Investments Group
United Kingdom
$926K -$567K -20,565 -31%
UBS AM
67
UBS AM
Illinois
$888K
Swiss National Bank
68
Swiss National Bank
Switzerland
$862K +$55.2K +2,000 +5%
Walleye Trading
69
Walleye Trading
New York
$830K +$675K +24,462 +145%
WA
70
Whitebox Advisors
Minnesota
$826K +$1.13M +41,136 New
Citigroup
71
Citigroup
New York
$775K -$7.97K -289 -0.7%
LOAMU
72
Lombard Odier Asset Management (USA)
New York
$748K +$586K +21,230 +133%
IFG
73
Independent Financial Group
California
$683K +$430K +15,600 +85%
AllianceBernstein
74
AllianceBernstein
Tennessee
$664K
New York State Teachers Retirement System (NYSTRS)
75
New York State Teachers Retirement System (NYSTRS)
New York
$640K -$11K -400 -1%

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.