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Forward Air

257 hedge funds and large institutions have $2.8B invested in Forward Air in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 81 increasing their positions, 107 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $2.64B → $2.8B (+$164M)

1.07% more ownership

Funds ownership: 97.46%98.54% (+1.1%)

7% less funds holding

Funds holding: 275257 (-18)

24% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 107

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

34% less call options, than puts

Call options by funds: $291K | Put options by funds: $442K

35% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 46

Holders
257
Holders Change
-18
Holders Change %
-6.55%
% of All Funds
4.1%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
30
Increased
81
Reduced
107
Closed
46
Calls
$291K
Puts
$442K
Net Calls
-$151K
Net Calls Change
-$299K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$438M -$18.6M -176,751 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$331M +$4.52M +43,087 +1%
Neuberger Berman Group
3
Neuberger Berman Group
New York
$164M +$15M +142,750 +10%
ACH
4
ArrowMark Colorado Holdings
Colorado
$132M +$3.87M +36,829 +3%
SAM
5
Silvercrest Asset Management
New York
$126M -$2.66M -25,348 -2%
Thrivent Financial for Lutherans
6
Thrivent Financial for Lutherans
Minnesota
$123M +$37M +352,776 +45%
ClearBridge Investments
7
ClearBridge Investments
New York
$106M -$13M -123,999 -11%
State Street
8
State Street
Massachusetts
$105M +$349K +3,324 +0.3%
Morgan Stanley
9
Morgan Stanley
New York
$87M -$1.45M -13,788 -2%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$84.1M +$494K +4,708 +0.6%
Ameriprise
11
Ameriprise
Minnesota
$83.6M +$24M +228,137 +42%
RA
12
Royce & Associates
New York
$81.6M -$13.4M -127,601 -14%
Victory Capital Management
13
Victory Capital Management
Texas
$80.8M +$4.03M +38,342 +5%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$60.5M +$607K +5,785 +1%
Northern Trust
15
Northern Trust
Illinois
$40.4M +$1.17M +11,168 +3%
Charles Schwab
16
Charles Schwab
California
$35.5M +$458K +4,360 +1%
VVP
17
Vulcan Value Partners
Alabama
$31.5M +$6.86M +65,358 +29%
Norges Bank
18
Norges Bank
Norway
$30.5M -$3.69M -35,183 -11%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$30.3M -$745K -7,096 -2%
BTW
20
Boston Trust Walden
Massachusetts
$29.3M +$854K +8,137 +3%
N
21
Nuveen
North Carolina
$25.8M -$5.82M -55,406 -19%
EA
22
Emerald Advisers
Pennsylvania
$22.4M -$315K -2,998 -1%
Loomis, Sayles & Company
23
Loomis, Sayles & Company
Massachusetts
$21.2M -$11.8K -112 -0.1%
Pacer Advisors
24
Pacer Advisors
Pennsylvania
$19.6M +$5.26M +50,102 +38%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$18.8M +$12.4M +118,132 +211%

FWRD Hedge Fund Activity: Q1 2023 in Review

257 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2023, worth a combined $2.8B — up 6.2% from $2.64B a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of FWRD and 30 opened new positions — a net loss of 16 holders — while 107 trimmed existing stakes and 81 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $37M. The largest seller was BlackRock, cutting an estimated $18.6M.

  • 257 institutional investors held Forward Air (FWRD) as of Q1 2023, down from 275 in Q4 2022.
  • Funds reported $2.8B of Forward Air stock for Q1 2023, up 6.2% quarter-over-quarter.
  • 30 funds opened new Forward Air positions in Q1 2023 and 46 closed out, a net change of -16 holders.
  • The largest Forward Air buyer in Q1 2023 was Thrivent Financial for Lutherans, an estimated $37M added.
  • The largest Forward Air seller in Q1 2023 was BlackRock, an estimated $18.6M sold.

Based on aggregated 13F filings for Q1 2023.