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Forward Air
FWRD

257 hedge funds and large institutions have $2.8B invested in Forward Air in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 81 increasing their positions, 107 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $2.64B → $2.8B (+$164M)

1.07% more ownership

Funds ownership: 97.46% → 98.54% (+1.1%)

7% less funds holding

Funds holding: 275 → 257 (-18)

24% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 107

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

34% less call options, than puts

Call options by funds: $291K | Put options by funds: $442K

35% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 46

Holders
257
Holders Change
-18
Holders Change %
-6.55%
% of All Funds
4.1%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
30
Increased
81
Reduced
107
Closed
46
Calls
$291K
Puts
$442K
Net Calls
-$151K
Net Calls Change
-$299K

Top Buyers

Rank Fund Capital Flow
1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$37M
2
Ameriprise
Ameriprise
Minnesota
+$24M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$15M
4
CVA
Ceredex Value Advisors
Florida
+$12.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$12.4M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$18.6M
2
RA
Royce & Associates
New York
-$13.4M
3
ClearBridge Investments
ClearBridge Investments
New York
-$13M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$8.43M
5
JGC
J. Goldman & Co
New York
-$6.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
TPSF
76
Texas Permanent School Fund
Texas
$2.57M +$627K +5,970 +33%
CI
77
Cambiar Investors
Colorado
$2.55M -$9.87K -94 -0.4%
TD Asset Management
78
TD Asset Management
Ontario, Canada
$2.45M – – –
State of New Jersey Common Pension Fund D
79
State of New Jersey Common Pension Fund D
New Jersey
$2.42M +$161K +1,532 +7%
IP
80
Isthmus Partners
Wisconsin
$2.41M +$50.7K +483 +2%
Janus Henderson Group
81
Janus Henderson Group
United Kingdom
$2.32M +$1.75M +16,710 +349%
PFM
82
Premier Fund Managers
United Kingdom
$2.27M -$3.74M -35,588 -62%
MAM
83
Martingale Asset Management
Massachusetts
$2.2M -$72.4K -690 -3%
Deutsche Bank
84
Deutsche Bank
Germany
$2.1M +$558K +5,311 +37%
FNBOO
85
First National Bank of Omaha
Nebraska
$1.99M -$575K -5,477 -23%
SOADOR
86
State of Alaska Department of Revenue
Alaska
$1.96M -$32.5K -310 -2%
SEI Investments
87
SEI Investments
Pennsylvania
$1.96M +$628K +5,978 +49%
BNP Paribas Financial Markets
88
BNP Paribas Financial Markets
France
$1.88M +$1.14M +10,825 +164%
M&T Bank
89
M&T Bank
New York
$1.86M +$256K +2,443 +16%
RG
90
Renaissance Group
Kentucky
$1.83M +$136K +1,293 +8%
State of Tennessee, Department of Treasury
91
State of Tennessee, Department of Treasury
Tennessee
$1.76M -$902K -8,592 -34%
NIC
92
Northwest Investment Counselors
Oregon
$1.76M -$122K -1,160 -7%
Citigroup
93
Citigroup
New York
$1.75M -$260K -2,481 -13%
Royal Bank of Canada
94
Royal Bank of Canada
Ontario, Canada
$1.71M +$897K +8,548 +116%
Millennium Management
95
Millennium Management
New York
$1.68M +$16.2K +154 +1%
YCM
96
Yousif Capital Management
Michigan
$1.67M -$207K -1,970 -11%
American Century Companies
97
American Century Companies
Missouri
$1.62M +$410K +3,908 +34%
Susquehanna International Group
98
Susquehanna International Group
Pennsylvania
$1.6M +$506K +4,824 +48%
AIG
99
American International Group
New York
$1.58M +$7.14K +68 +0.5%
Allspring Global Investments
100
Allspring Global Investments
North Carolina
$1.52M +$1.43M +13,591 +2,517%
2 3
4
5 6

FWRD Hedge Fund Activity: Q1 2023 in Review

257 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2023, worth a combined $2.8B — up 6.2% from $2.64B a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of FWRD and 30 opened new positions — a net loss of 16 holders — while 107 trimmed existing stakes and 81 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $37M. The largest seller was BlackRock, cutting an estimated $18.6M.

  • 257 institutional investors held Forward Air (FWRD) as of Q1 2023, down from 275 in Q4 2022.
  • Funds reported $2.8B of Forward Air stock for Q1 2023, up 6.2% quarter-over-quarter.
  • 30 funds opened new Forward Air positions in Q1 2023 and 46 closed out, a net change of -16 holders.
  • The largest Forward Air buyer in Q1 2023 was Thrivent Financial for Lutherans, an estimated $37M added.
  • The largest Forward Air seller in Q1 2023 was BlackRock, an estimated $18.6M sold.

Based on aggregated 13F filings for Q1 2023.