Forward Air
FWRD
142 hedge funds and large institutions have $1.28B invested in Forward Air in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 61 increasing their positions, 52 reducing their positions, and 18 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 52
7% more capital invested
Capital invested by funds: $1.2B → $1.28B (+$83.2M)
5% less funds holding
Funds holding: 150 → 142 (-8)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $40K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$10.1M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$7.69M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$6.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.97M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$16.3M |
| 2 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$9.41M |
| 3 |
TA
Teachers Advisors
New York
|
-$7.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.63M |
| 5 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$4.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HIM
151
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$551K | -14,400 | Closed |
|
|
ACI
152
AMP Capital Investors
Sydney,
Australia
| – | -$519K | -13,410 | Closed |
|
|
AL
153
Aspiriant LLC
Los Angeles,
California
| – | -$435K | -11,373 | Closed |
|
|
GAM
154
Gotham Asset Management
New York
| – | -$337K | -8,814 | Closed |
|
|
PP
155
PDT Partners
New York
| – | -$277K | -7,248 | Closed |
|
156
AQR Capital Management
Greenwich,
Connecticut
| – | -$269K | -7,030 | Closed |
|
|
BJ
157
BlackRock Japan
Tokyo,
Japan
| – | -$166K | -4,326 | Closed |
|
|
OMCS
158
Old Mutual Customised Solutions
Pinelands,
South Africa
| – | -$27K | -700 | Closed |
|
|
MFS
159
MSI Financial Services
Springfield,
Massachusetts
| – | -$4K | -109 | Closed |
|
|
MAS
160
Madden Advisory Services
Jacksonville,
Florida
| – | -$1K | -25 | Closed |
|
FWRD Hedge Fund Activity: Q3 2013 in Review
142 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q3 2013, worth a combined $1.28B — up 6.9% from $1.2B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FWRD and 11 opened new positions — a net loss of 7 holders — while 52 trimmed existing stakes and 61 added.
The largest buyer was Deutsche Bank, adding an estimated $10.1M. The largest seller was KeyBank National Association, cutting an estimated $16.3M.
- 142 institutional investors held Forward Air (FWRD) as of Q3 2013, down from 150 in Q2 2013.
- Funds reported $1.28B of Forward Air stock for Q3 2013, up 6.9% quarter-over-quarter.
- 11 funds opened new Forward Air positions in Q3 2013 and 18 closed out, a net change of -7 holders.
- The largest Forward Air buyer in Q3 2013 was Deutsche Bank, an estimated $10.1M added.
- The largest Forward Air seller in Q3 2013 was KeyBank National Association, an estimated $16.3M sold.
Based on aggregated 13F filings for Q3 2013.