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Forward Air
FWRD

225 hedge funds and large institutions have $882M invested in Forward Air in 2024 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 94 increasing their positions, 62 reducing their positions, and 85 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

52% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 62

6.84% more ownership

Funds ownership: 103.48% → 110.32% (+6.8%)

15% less funds holding

Funds holding: 264 → 225 (-39)

45% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 85

47% less capital invested

Capital invested by funds: $1.67B → $882M (-$787M)

63% less call options, than puts

Call options by funds: $12.1M | Put options by funds: $33.2M

Holders
225
Holders Change
-39
Holders Change %
-14.77%
% of All Funds
3.24%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
47
Increased
94
Reduced
62
Closed
85
Calls
$12.1M
Puts
$33.2M
Net Calls
-$21.1M
Net Calls Change
+$11.7M

Top Buyers

1
Pacer Advisors
Pacer Advisors
Pennsylvania
+$62.1M
2
CCG
Clearlake Capital Group
California
+$45.1M
3
PMG
Private Management Group
California
+$41.7M
4
Invesco
Invesco
Georgia
+$29.6M
5
RPM
Ridgemont Partners Management
North Carolina
+$29.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$65.1M
2
SAM
Silvercrest Asset Management
New York
-$46.7M
3
Norges Bank
Norges Bank
Norway
-$43.3M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$28M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$25.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$146M +$24.5M +584,406 +14%
Vanguard Group
2
Vanguard Group
Pennsylvania
$106M +$17.8M +424,924 +14%
Pacer Advisors
3
Pacer Advisors
Pennsylvania
$66.2M +$62.1M +1,483,269 +230%
Morgan Stanley
4
Morgan Stanley
New York
$47.1M -$65.1M -1,556,547 -51%
State Street
5
State Street
Massachusetts
$39M +$7.44M +177,810 +17%
CCG
6
Clearlake Capital Group
California
$33.5M +$45.1M +1,077,006 New
PMG
7
Private Management Group
California
$31M +$41.7M +996,705 New
Invesco
8
Invesco
Georgia
$25.5M +$29.6M +707,876 +639%
RPM
9
Ridgemont Partners Management
North Carolina
$21.8M +$29.3M +700,609 New
Deutsche Bank
10
Deutsche Bank
Germany
$21.5M +$22.7M +541,494 +360%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$21.3M -$4.9M -117,133 -15%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$21.2M +$3.07M +73,286 +12%
Millennium Management
13
Millennium Management
New York
$16.5M +$3.01M +72,027 +16%
PA
14
Paralel Advisors
Colorado
$15.9M +$21.3M +510,000 New
Charles Schwab
15
Charles Schwab
California
$13.8M +$3.62M +86,512 +24%
Man Group
16
Man Group
United Kingdom
$12.3M +$12.9M +308,156 +353%
ClearBridge Investments
17
ClearBridge Investments
New York
$10.1M -$14.7M -352,010 -52%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$10M +$1.88M +44,960 +16%
Northern Trust
19
Northern Trust
Illinois
$9.12M -$5.08M -121,381 -29%
N
20
Nuveen
North Carolina
$7.92M -$4.29M -102,592 -29%
Citadel Advisors
21
Citadel Advisors
Florida
$7.74M +$6.68M +159,777 +180%
Voloridge Investment Management
22
Voloridge Investment Management
Florida
$7.72M +$5.88M +140,651 +131%
Marshall Wace
23
Marshall Wace
United Kingdom
$7.39M +$4.32M +103,266 +77%
Renaissance Technologies
24
Renaissance Technologies
New York
$7.15M +$8.1M +193,700 +535%
Goldman Sachs
25
Goldman Sachs
New York
$6.24M +$3.83M +91,558 +84%
1
2 3 4 5

FWRD Hedge Fund Activity: Q1 2024 in Review

225 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q1 2024, worth a combined $882M — down 47% from $1.67B a quarter earlier.

Sellers outnumbered buyers: 85 funds closed out of FWRD and 47 opened new positions — a net loss of 38 holders — while 62 trimmed existing stakes and 94 added.

The largest buyer was Pacer Advisors, adding an estimated $62.1M. The largest seller was Morgan Stanley, cutting an estimated $65.1M.

  • 225 institutional investors held Forward Air (FWRD) as of Q1 2024, down from 264 in Q4 2023.
  • Funds reported $882M of Forward Air stock for Q1 2024, down 47% quarter-over-quarter.
  • 47 funds opened new Forward Air positions in Q1 2024 and 85 closed out, a net change of -38 holders.
  • The largest Forward Air buyer in Q1 2024 was Pacer Advisors, an estimated $62.1M added.
  • The largest Forward Air seller in Q1 2024 was Morgan Stanley, an estimated $65.1M sold.

Based on aggregated 13F filings for Q1 2024.