Forward Air
FWRD
191 hedge funds and large institutions have $636M invested in Forward Air in 2024 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 74 increasing their positions, 58 reducing their positions, and 76 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
28% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 58
16.02% more ownership
Funds ownership: 110.32% → 126.34% (+16%)
15% less funds holding
Funds holding: 225 → 191 (-34)
28% less capital invested
Capital invested by funds: $882M → $636M (-$246M)
43% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 76
53% less call options, than puts
Call options by funds: $6.92M | Put options by funds: $14.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCG
Clearlake Capital Group
Santa Monica,
California
|
+$56.7M |
| 2 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
+$46.3M |
| 3 |
RPM
Ridgemont Partners Management
Charlotte,
North Carolina
|
+$25M |
| 4 |
ICM
Irenic Capital Management
New York
|
+$22.1M |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$66.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$19M |
| 3 |
Morgan Stanley
New York
|
-$13.9M |
| 4 |
Man Group
London,
United Kingdom
|
-$12.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$11.5M |
FWRD Hedge Fund Activity: Q2 2024 in Review
191 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q2 2024, worth a combined $636M — down 28% from $882M a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of FWRD and 43 opened new positions — a net loss of 33 holders — while 58 trimmed existing stakes and 74 added.
The largest buyer was Clearlake Capital Group, adding an estimated $56.7M. The largest seller was Pacer Advisors, exiting entirely with an estimated $66.2M sold.
- 191 institutional investors held Forward Air (FWRD) as of Q2 2024, down from 225 in Q1 2024.
- Funds reported $636M of Forward Air stock for Q2 2024, down 28% quarter-over-quarter.
- 43 funds opened new Forward Air positions in Q2 2024 and 76 closed out, a net change of -33 holders.
- The largest Forward Air buyer in Q2 2024 was Clearlake Capital Group, an estimated $56.7M added.
- The largest Forward Air seller in Q2 2024 was Pacer Advisors, an estimated $66.2M sold.
Based on aggregated 13F filings for Q2 2024.