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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
New York State Common Retirement Fund
126
New York State Common Retirement Fund
New York
$379K -$4.6M -109,838 -90%
DFCM
127
Dark Forest Capital Management
Puerto Rico
$367K +$493K +11,781 New
LCM
128
Logan Capital Management
Pennsylvania
$366K -$1.72K -41 -0.3%
II
129
Inspire Investing
Idaho
$363K +$231K +5,517 +90%
Envestnet Asset Management
130
Envestnet Asset Management
Illinois
$350K -$966K -23,097 -67%
RJA
131
Raymond James & Associates
Florida
$340K -$1.31M -31,400 -74%
LPL Financial
132
LPL Financial
California
$333K -$38.5K -920 -8%
AC
133
AXQ Capital
New Jersey
$332K +$447K +10,686 New
DTL
134
Dynamic Technology Lab
Singapore
$329K -$65.9K -1,575 -13%
VA
135
Vident Advisory
Georgia
$313K +$260K +6,209 +161%
QT
136
Quantbot Technologies
New York
$313K -$1.12M -26,871 -73%
NSEDCP
137
NJ State Employees Deferred Compensation Plan
New Jersey
$311K – – –
Sumitomo Mitsui Trust Group
138
Sumitomo Mitsui Trust Group
Japan
$308K +$414K +9,894 New
AB
139
Amalgamated Bank
New York
$301K -$49.6K -1,186 -11%
BFM
140
Boothbay Fund Management
New York
$289K +$388K +9,280 New
Ensign Peak Advisors
141
Ensign Peak Advisors
Utah
$285K -$19.3K -461 -5%
TRSOTSOK
142
Teachers Retirement System of the State of Kentucky
Kentucky
$273K – – –
Daiwa Securities Group
143
Daiwa Securities Group
Japan
$273K +$355K +8,490 +2,830%
MC
144
Maverick Capital
Texas
$270K +$364K +8,689 New
MSRPS
145
Maryland State Retirement & Pension System
Maryland
$261K +$74.1K +1,770 +19%
BL
146
BFSG LLC
California
$259K +$348K +8,313 New
OPERF
147
Oregon Public Employees Retirement Fund
Oregon
$256K +$29.3K +700 +9%
UM
148
UniSuper Management
Australia
$247K +$332K +7,935 New
Susquehanna International Group
149
Susquehanna International Group
Pennsylvania
$243K -$46.3K -1,106 -12%
HSBC Holdings
150
HSBC Holdings
United Kingdom
$241K +$324K +7,737 New
4 5
6
7 8

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.