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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
Squarepoint
76
Squarepoint
New York
$630K +$865K +31,367 New
Marshall Wace
77
Marshall Wace
United Kingdom
$622K -$209K -7,563 -20%
Wells Fargo
78
Wells Fargo
California
$592K -$16.4K -596 -2%
American Century Companies
79
American Century Companies
Missouri
$570K +$511K +18,511 +188%
Nomura Holdings
80
Nomura Holdings
Japan
$552K +$759K +27,500 New
SMAM
81
Sugar Maple Asset Management
Wisconsin
$520K +$138K +5,000 +24%
Deutsche Bank
82
Deutsche Bank
Germany
$496K -$57.4K -2,082 -8%
T. Rowe Price Associates
83
T. Rowe Price Associates
Maryland
$486K +$34.2K +1,241 +5%
XT
84
XTX Topco
Cayman Islands
$481K +$660K +23,932 New
HF
85
HRT Financial
New York
$466K +$640K +23,212 New
LCM
86
Legato Capital Management
California
$458K -$7.97K -289 -1%
N
87
Numerai
California
$432K -$273K -9,887 -31%
Creative Planning
88
Creative Planning
Kansas
$415K +$17K +616 +3%
Prudential Financial
89
Prudential Financial
New Jersey
$404K -$4.14K -150 -0.7%
California State Teachers Retirement System (CalSTRS)
90
California State Teachers Retirement System (CalSTRS)
California
$396K
Canada Life
91
Canada Life
Manitoba, Canada
$394K
Ensign Peak Advisors
92
Ensign Peak Advisors
Utah
$388K
ZIM
93
Zacks Investment Management
Illinois
$366K +$502K +18,207 New
II
94
Inspire Investing
Idaho
$345K +$126K +4,552 +36%
HSBC Holdings
95
HSBC Holdings
United Kingdom
$340K -$313K -11,355 -40%
State of Wisconsin Investment Board
96
State of Wisconsin Investment Board
Wisconsin
$327K -$49.6K -1,799 -10%
CC
97
Centiva Capital
New York
$317K +$436K +15,800 New
SSG
98
Summit Securities Group
New York
$303K +$408K +14,800 +4,933%
Mirae Asset Global ETFs Holdings
99
Mirae Asset Global ETFs Holdings
Hong Kong
$299K +$17.2K +624 +4%
Thrivent Financial for Lutherans
100
Thrivent Financial for Lutherans
Minnesota
$295K -$21.2K -768 -5%

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.