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Forward Air
FWRD

206 hedge funds and large institutions have $2.37B invested in Forward Air in 2021 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 58 increasing their positions, 85 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

15% more capital invested

Capital invested by funds: $2.07B → $2.37B (+$301M)

4% more funds holding

Funds holding: 199 → 206 (+7)

0.92% less ownership

Funds ownership: 98.11% → 97.19% (-0.92%)

32% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 85

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
206
Holders Change
+7
Holders Change %
+3.52%
% of All Funds
3.62%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
28
Increased
58
Reduced
85
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$32.9M
2
AA
Ancora Advisors
Ohio
+$20.6M
3
JP Morgan Chase
JP Morgan Chase
New York
+$10M
4
Neuberger Berman Group
Neuberger Berman Group
New York
+$8.3M
5
Citadel Advisors
Citadel Advisors
Florida
+$4.71M

Top Sellers

1
ACH
ArrowMark Colorado Holdings
Colorado
-$38.6M
2
SAM
Silvercrest Asset Management
New York
-$9.45M
3
BTW
Boston Trust Walden
Massachusetts
-$9M
4
Norges Bank
Norges Bank
Norway
-$7.75M
5
Victory Capital Management
Victory Capital Management
Texas
-$7.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSERS
101
Louisiana State Employees Retirement System
Louisiana
$1.11M -$16.7K -200 -2%
VOYA Investment Management
102
VOYA Investment Management
Georgia
$1.06M -$12.3K -147 -1%
RJA
103
Raymond James & Associates
Florida
$1.04M +$982K +11,722 New
State of Tennessee, Department of Treasury
104
State of Tennessee, Department of Treasury
Tennessee
$1.02M -$681K -8,139 -41%
KeyBank National Association
105
KeyBank National Association
Ohio
$1M -$103K -1,235 -10%
OPERF
106
Oregon Public Employees Retirement Fund
Oregon
$1M +$2.51K +30 +0.3%
Jane Street
107
Jane Street
New York
$978K +$922K +11,009 New
MIM
108
MetLife Investment Management
New Jersey
$971K – – –
MAM
109
Martingale Asset Management
Massachusetts
$925K -$92.1K -1,100 -10%
DTL
110
Dynamic Technology Lab
Singapore
$913K +$861K +10,285 New
NSEDCP
111
NJ State Employees Deferred Compensation Plan
New Jersey
$888K – – –
ACM
112
AlphaCrest Capital Management
New York
$882K +$594K +7,100 +250%
PWC
113
PYA Waltman Capital
Tennessee
$851K – – –
Boston Partners
114
Boston Partners
Massachusetts
$799K -$63K -753 -8%
SG Americas Securities
115
SG Americas Securities
New York
$785K -$1.92M -22,938 -72%
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
$768K +$150K +1,796 +26%
DGHMC
117
Dalton, Greiner, Hartman, Maher & Co
New York
$747K -$6.2M -74,032 -90%
Bank of Montreal
118
Bank of Montreal
Ontario, Canada
$739K +$38.1K +455 +6%
PNC Financial Services Group
119
PNC Financial Services Group
Pennsylvania
$734K +$22.9K +273 +3%
ProShare Advisors
120
ProShare Advisors
Maryland
$721K +$128K +1,534 +23%
ASRS
121
Arizona State Retirement System
Arizona
$711K -$8.96K -107 -1%
PC
122
Permanens Capital
New York
$710K +$670K +8,000 New
M&T Bank
123
M&T Bank
New York
$693K -$170K -2,026 -21%
TRSOTSOK
124
Teachers Retirement System of the State of Kentucky
Kentucky
$693K -$100K -1,200 -13%
PTC
125
Private Trust Company
Ohio
$679K -$188K -2,245 -23%
3 4
5
6 7

FWRD Hedge Fund Activity: Q1 2021 in Review

206 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2021, worth a combined $2.37B — up 15% from $2.07B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FWRD positions and 18 closed out — a net gain of 10 holders — while 58 added to existing stakes and 85 trimmed.

The largest buyer was Cardinal Capital Management LLC (Connecticut), opening a new position worth an estimated $32.9M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $38.6M.

  • 206 institutional investors held Forward Air (FWRD) as of Q1 2021, up from 199 in Q4 2020.
  • Funds reported $2.37B of Forward Air stock for Q1 2021, up 15% quarter-over-quarter.
  • 28 funds opened new Forward Air positions in Q1 2021 and 18 closed out, a net change of +10 holders.
  • The largest Forward Air buyer in Q1 2021 was Cardinal Capital Management LLC (Connecticut), an estimated $32.9M added.
  • The largest Forward Air seller in Q1 2021 was ArrowMark Colorado Holdings, an estimated $38.6M sold.

Based on aggregated 13F filings for Q1 2021.