Forward Air
FWRD
202 hedge funds and large institutions have $874M invested in Forward Air in 2025 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 71 increasing their positions, 57 reducing their positions, and 18 closing their positions.
228% more call options, than puts
Call options by funds: $47.3M | Put options by funds: $14.4M
122% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 18
25% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 57
12% more funds holding
Funds holding: 180 → 202 (+22)
9% more capital invested
Capital invested by funds: $805M → $874M (+$69.3M)
2.89% more ownership
Funds ownership: 107.7% → 110.59% (+2.9%)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Melqart Asset Management
London,
United Kingdom
|
+$11M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$9.31M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.86M |
| 4 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$7.77M |
| 5 |
Jane Street
New York
|
+$6.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$10.4M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.57M |
| 3 |
OFCM
One Fin Capital Management
San Francisco,
California
|
-$8.22M |
| 4 |
JP Morgan Chase
New York
|
-$8.2M |
| 5 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
-$4.87M |
FWRD Hedge Fund Activity: Q3 2025 in Review
202 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q3 2025, worth a combined $874M — up 8.6% from $805M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new FWRD positions and 18 closed out — a net gain of 22 holders — while 71 added to existing stakes and 57 trimmed.
The largest buyer was Melqart Asset Management, opening a new position worth an estimated $11M. The largest seller was UBS Group, cutting an estimated $10.4M.
- 202 institutional investors held Forward Air (FWRD) as of Q3 2025, up from 180 in Q2 2025.
- Funds reported $874M of Forward Air stock for Q3 2025, up 8.6% quarter-over-quarter.
- 40 funds opened new Forward Air positions in Q3 2025 and 18 closed out, a net change of +22 holders.
- The largest Forward Air buyer in Q3 2025 was Melqart Asset Management, an estimated $11M added.
- The largest Forward Air seller in Q3 2025 was UBS Group, an estimated $10.4M sold.
Based on aggregated 13F filings for Q3 2025.