Forward Air
FWRD
245 hedge funds and large institutions have $2.68B invested in Forward Air in 2023 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 114 reducing their positions, and 34 closing their positions.
4% less capital invested
Capital invested by funds: $2.8B → $2.68B (-$123M)
1.04% less ownership
Funds ownership: 98.54% → 97.5% (-1%)
5% less funds holding
Funds holding: 257 → 245 (-12)
35% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 34
37% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 114
42% less call options, than puts
Call options by funds: $9.53M | Put options by funds: $16.4M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$44.8M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$32.2M |
| 3 |
SAM
Scopus Asset Management
New York
|
+$7.63M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.95M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$3.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$27.5M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$21.2M |
| 3 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$15.8M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$15.2M |
| 5 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$13.6M |
FWRD Hedge Fund Activity: Q2 2023 in Review
245 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q2 2023, worth a combined $2.68B — down 4.4% from $2.8B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of FWRD and 22 opened new positions — a net loss of 12 holders — while 114 trimmed existing stakes and 72 added.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $44.8M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $27.5M.
- 245 institutional investors held Forward Air (FWRD) as of Q2 2023, down from 257 in Q1 2023.
- Funds reported $2.68B of Forward Air stock for Q2 2023, down 4.4% quarter-over-quarter.
- 22 funds opened new Forward Air positions in Q2 2023 and 34 closed out, a net change of -12 holders.
- The largest Forward Air buyer in Q2 2023 was Thrivent Financial for Lutherans, an estimated $44.8M added.
- The largest Forward Air seller in Q2 2023 was ArrowMark Colorado Holdings, an estimated $27.5M sold.
Based on aggregated 13F filings for Q2 2023.