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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
Janney Montgomery Scott
151
Janney Montgomery Scott
Pennsylvania
$237K +$319K +7,620 New
CANY
152
Caxton Associates (New York)
New York
$236K +$318K +7,602 New
Bank of Montreal
153
Bank of Montreal
Ontario, Canada
$236K +$177K +4,221 +126%
Jane Street
154
Jane Street
New York
$235K -$2.83M -67,658 -90%
ASRS
155
Arizona State Retirement System
Arizona
$219K -$5.36K -128 -2%
COPPSERS
156
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$207K +$46.6K +1,113 +20%
Zurich Cantonal Bank
157
Zurich Cantonal Bank
Switzerland
$168K – – –
TRCT
158
Tower Research Capital (TRC)
New York
$153K -$284K -6,799 -58%
Public Employees Retirement Association of Colorado
159
Public Employees Retirement Association of Colorado
Colorado
$123K – – –
CSS
160
Cubist Systematic Strategies
Connecticut
$116K -$5.58M -133,455 -97%
Amundi
161
Amundi
France
$115K +$48.8K +1,166 +30%
EC
162
EntryPoint Capital
New York
$100K +$35.8K +856 +36%
SA
163
SRH Advisors
Kansas
$93.3K +$126K +3,000 New
A
164
AlphaQuest
New York
$85K -$269K -6,427 -70%
Carson Wealth (CWM LLC)
165
Carson Wealth (CWM LLC)
Nebraska
$83K +$102K +2,432 +1,057%
AIP
166
Ameritas Investment Partners
Nebraska
$80.9K – – –
US Bancorp
167
US Bancorp
Minnesota
$76.1K -$230K -5,505 -69%
FFA
168
Farther Finance Advisors
California
$76K +$104K +2,488 +1,803%
SWM
169
Spire Wealth Management
Virginia
$75.3K +$101K +2,420 New
QCG
170
Quadrant Capital Group
Ohio
$54.1K +$66.1K +1,579 +981%
AIM
171
Anchor Investment Management
South Carolina
$51.8K +$3.98K +95 +6%
HT
172
Headlands Technologies
Illinois
$50.8K +$33.9K +811 +99%
FDCDDQ
173
Federation des caisses Desjardins du Quebec
Quebec, Canada
$49.8K +$55.9K +1,335 +504%
GCM
174
Gladius Capital Management
Illinois
$45.8K +$61.5K +1,471 New
Osaic Holdings
175
Osaic Holdings
Arizona
$42.8K -$17.9K -427 -24%
5 6
7
8 9

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.