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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
AB
126
Amalgamated Bank
New York
$114K -$4.96K -180 -3%
PFSRSONJ
127
Police & Firemen's Retirement System of New Jersey
New Jersey
$102K
PD
128
Point72 (DIFC)
United Arab Emirates
$101K -$80.7K -2,924 -37%
Fidelity Investments
129
Fidelity Investments
Massachusetts
$94.8K -$28.7K -1,042 -18%
Osaic Holdings
130
Osaic Holdings
Arizona
$94.5K -$607 -22 -0.5%
State of Tennessee, Department of Treasury
131
State of Tennessee, Department of Treasury
Tennessee
$91.2K
OPERF
132
Oregon Public Employees Retirement Fund
Oregon
$91.1K -$5.52K -200 -4%
SA
133
SRH Advisors
Kansas
$88.2K
Public Employees Retirement Association of Colorado
134
Public Employees Retirement Association of Colorado
Colorado
$80K
MCM
135
MAI Capital Management
Ohio
$78.4K
AIP
136
Ameritas Investment Partners
Nebraska
$52.2K
SWM
137
Spire Wealth Management
Virginia
$48.9K
GI
138
GAMMA Investing
California
$46.5K -$35.3K -1,279 -36%
Ohio Public Employees Retirement System (OPERS)
139
Ohio Public Employees Retirement System (OPERS)
Ohio
$45.2K +$579 +21 +0.9%
FDCDDQ
140
Federation des caisses Desjardins du Quebec
Quebec, Canada
$40.2K
Nisa Investment Advisors
141
Nisa Investment Advisors
Missouri
$39.6K -$2.43K -88 -4%
BAM
142
Byrne Asset Management
New Jersey
$39K +$24K +870 +81%
A
143
AlphaQuest
New York
$33.9K -$34.1K -1,236 -42%
PNC Financial Services Group
144
PNC Financial Services Group
Pennsylvania
$30.3K -$8.86K -321 -18%
QCG
145
Quadrant Capital Group
Ohio
$24.2K -$48.7K -1,767 -59%
Carson Wealth (CWM LLC)
146
Carson Wealth (CWM LLC)
Nebraska
$20K +$6.07K +220 +29%
QL
147
Quarry LP
New York
$18.2K +$25K +907 New
US Bancorp
148
US Bancorp
Minnesota
$17.9K -$21.7K -785 -47%
GWM
149
Geneos Wealth Management
Colorado
$17.3K +$11.9K +430 +100%
TRCT
150
Tower Research Capital (TRC)
New York
$17K -$13.5K -490 -37%

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.