Forward Air
FWRD
257 hedge funds and large institutions have $2.8B invested in Forward Air in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 80 increasing their positions, 107 reducing their positions, and 46 closing their positions.
6% more capital invested
Capital invested by funds: $2.64B → $2.8B (+$165M)
4.01% more ownership
Funds ownership: 94.53% → 98.54% (+4%)
6% less funds holding
Funds holding: 274 → 257 (-17)
25% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 107
33% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 46
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
34% less call options, than puts
Call options by funds: $291K | Put options by funds: $442K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$37M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$24M |
| 3 |
Neuberger Berman Group
New York
|
+$15M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$12.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$18.6M |
| 2 |
RA
Royce & Associates
New York
|
-$13.4M |
| 3 |
ClearBridge Investments
New York
|
-$13M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$8.43M |
| 5 |
JGC
J. Goldman & Co
New York
|
-$6.98M |
FWRD Hedge Fund Activity: Q1 2023 in Review
257 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2023, worth a combined $2.8B — up 6.3% from $2.64B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of FWRD and 31 opened new positions — a net loss of 15 holders — while 107 trimmed existing stakes and 80 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 274 in Q4 2022.
- Funds reported $2.8B of Forward Air stock for Q1 2023, up 6.3% quarter-over-quarter.
- 31 funds opened new Forward Air positions in Q1 2023 and 46 closed out, a net change of -15 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.