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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
AAP
176
Arax Advisory Partners
Colorado
$623 +$855 +31 New
RIL
177
Rothschild Investment LLC
Illinois
$502 -$828 -30 -55%
FFA
178
Farther Finance Advisors
California
$490 -$2.18K -79 -76%
LC
179
Lindbrook Capital
California
$462 -$1.08K -39 -63%
PFBT
180
Parkside Financial Bank & Trust
Missouri
$423 +$414 +15 +250%
NA
181
NewEdge Advisors
Louisiana
$402
CA
182
Continuum Advisory
Idaho
$382 +$524 +19 New
HNB
183
Huntington National Bank
Ohio
$382 +$524 +19 New
FMII
184
Farmers & Merchants Investments Inc
Nebraska
$362
SS
185
SBI Securities
Japan
$321
VWM
186
Vermillion Wealth Management
Minnesota
$283
PA
187
Parallel Advisors
California
$201 -$1.79K -65 -87%
RCM
188
Raleigh Capital Management
North Carolina
$181 +$55 +2 +29%
LFG
189
Larson Financial Group
Missouri
$100 -$221 -8 -62%
Citadel Advisors
190
Citadel Advisors
Florida
$80 +$83 +3 +300%
IA
191
IFP Advisors
Florida
$40
MP
192
MFN Partners
Massachusetts
-$41.6M -1,289,358 Closed
GAM
193
Goldentree Asset Management
New York
-$22.9M -712,667 Closed
AFCM
194
Alta Fox Capital Management
Texas
-$22.3M -692,144 Closed
Assenagon Asset Management
195
Assenagon Asset Management
Luxembourg
-$11.1M -345,411 Closed
LP
196
LMR Partners
United Kingdom
-$4.84M -150,000 Closed
CCM
197
Cinctive Capital Management
New York
-$4.24M -131,392 Closed
BHMP
198
Bardin Hill Management Partners
New York
-$2.5M -77,595 Closed
IP
199
Isthmus Partners
Wisconsin
-$1.84M -56,995 Closed
GAM
200
Gotham Asset Management
New York
-$1.49M -46,196 Closed

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.