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Forward Air
FWRD

225 hedge funds and large institutions have $882M invested in Forward Air in 2024 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 94 increasing their positions, 62 reducing their positions, and 85 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

52% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 62

6.84% more ownership

Funds ownership: 103.48% → 110.32% (+6.8%)

15% less funds holding

Funds holding: 264 → 225 (-39)

45% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 85

47% less capital invested

Capital invested by funds: $1.67B → $882M (-$787M)

63% less call options, than puts

Call options by funds: $12.1M | Put options by funds: $33.2M

Holders
225
Holders Change
-39
Holders Change %
-14.77%
% of All Funds
3.24%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
47
Increased
94
Reduced
62
Closed
85
Calls
$12.1M
Puts
$33.2M
Net Calls
-$21.1M
Net Calls Change
+$11.7M

Top Buyers

1
Pacer Advisors
Pacer Advisors
Pennsylvania
+$62.1M
2
CCG
Clearlake Capital Group
California
+$45.1M
3
PMG
Private Management Group
California
+$41.7M
4
Invesco
Invesco
Georgia
+$29.6M
5
RPM
Ridgemont Partners Management
North Carolina
+$29.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$65.1M
2
SAM
Silvercrest Asset Management
New York
-$46.7M
3
Norges Bank
Norges Bank
Norway
-$43.3M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$28M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$25.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
101
Creative Planning
Kansas
$578K +$358K +8,563 +85%
IMRF
102
Illinois Municipal Retirement Fund
Illinois
$552K +$111K +2,664 +18%
JF
103
Jump Financial
Illinois
$544K -$769K -18,369 -51%
PGCM
104
Prescott Group Capital Management
Oklahoma
$535K +$720K +17,199 New
Point72 Asset Management
105
Point72 Asset Management
Connecticut
$523K +$305K +7,300 +77%
Allianz Asset Management
106
Allianz Asset Management
Germany
$507K +$682K +16,300 New
VI
107
Versor Investments
New York
$498K +$669K +15,996 New
State of Tennessee, Department of Treasury
108
State of Tennessee, Department of Treasury
Tennessee
$479K -$20.6K -493 -3%
LSERS
109
Louisiana State Employees Retirement System
Louisiana
$476K +$105K +2,500 +20%
WC
110
Wexford Capital
Florida
$467K +$628K +15,000 New
ACM
111
American Capital Management
New York
$458K -$1.99M -47,522 -76%
Comerica Bank
112
Comerica Bank
Texas
$452K -$237K -5,675 -28%
SCM
113
Semanteon Capital Management
Massachusetts
$451K +$408K +9,759 +206%
AIG
114
American International Group
New York
$439K +$4.77K +114 +0.8%
Wells Fargo
115
Wells Fargo
California
$438K +$142K +3,394 +32%
NIC
116
Northwest Investment Counselors
Oregon
$434K -$38.5K -920 -6%
YCM
117
Yousif Capital Management
Michigan
$426K +$39.7K +950 +7%
MIM
118
MetLife Investment Management
New Jersey
$423K – – –
SAM
119
Silvercrest Asset Management
New York
$407K -$46.7M -1,116,445 -99%
Manulife (Manufacturers Life Insurance)
120
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$407K +$5.4K +129 +1%
N
121
Numerai
California
$403K -$2.11M -50,383 -80%
VOYA Investment Management
122
VOYA Investment Management
Georgia
$395K -$50.7K -1,211 -9%
AC
123
Aristeia Capital
Connecticut
$393K +$529K +12,641 New
Janus Henderson Group
124
Janus Henderson Group
United Kingdom
$388K -$1.24M -29,660 -70%
ETC
125
Exchange Traded Concepts
Oklahoma
$386K +$520K +12,420 New
3 4
5
6 7

FWRD Hedge Fund Activity: Q1 2024 in Review

225 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2024, worth a combined $882M — down 47% from $1.67B a quarter earlier.

Sellers outnumbered buyers: 85 funds closed out of FWRD and 47 opened new positions — a net loss of 38 holders — while 62 trimmed existing stakes and 94 added.

The largest buyer was Pacer Advisors, adding an estimated $62.1M. The largest seller was Morgan Stanley, cutting an estimated $65.1M.

  • 225 institutional investors held Forward Air (FWRD) as of Q1 2024, down from 264 in Q4 2023.
  • Funds reported $882M of Forward Air stock for Q1 2024, down 47% quarter-over-quarter.
  • 47 funds opened new Forward Air positions in Q1 2024 and 85 closed out, a net change of -38 holders.
  • The largest Forward Air buyer in Q1 2024 was Pacer Advisors, an estimated $62.1M added.
  • The largest Forward Air seller in Q1 2024 was Morgan Stanley, an estimated $65.1M sold.

Based on aggregated 13F filings for Q1 2024.