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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
CCG
1
Clearlake Capital Group
California
$76.8M
BlackRock
2
BlackRock
New York
$67.5M -$3.25M -117,716 -3%
LC
3
Littlejohn & Co
Connecticut
$56.5M +$32M +1,159,747 +70%
Vanguard Group
4
Vanguard Group
Pennsylvania
$41.2M +$185K +6,702 +0.3%
RPM
5
Ridgemont Partners Management
North Carolina
$38.4M
AA
6
Ancora Advisors
Ohio
$24.7M +$7.6M +275,500 +29%
ICM
7
Irenic Capital Management
New York
$24.7M
PA
8
Paralel Advisors
Colorado
$19.6M +$6.21M +225,000 +30%
State Street
9
State Street
Massachusetts
$19.4M -$1M -36,403 -4%
PMG
10
Private Management Group
California
$19.3M -$138K -5,011 -0.5%
Morgan Stanley
11
Morgan Stanley
New York
$17.7M +$3.04M +110,376 +14%
JGC
12
J. Goldman & Co
New York
$17.4M +$5.21M +189,017 +28%
Charles Schwab
13
Charles Schwab
California
$15.3M +$149K +5,388 +0.7%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$11.1M +$27.2K +986 +0.2%
JP Morgan Chase
15
JP Morgan Chase
New York
$10.7M +$12.2M +440,496 +469%
Bank of America
16
Bank of America
North Carolina
$9.85M +$2.79M +101,033 +26%
UBS Group
17
UBS Group
Switzerland
$9.59M +$625K +22,674 +5%
JFG
18
Jefferies Financial Group
New York
$9.58M +$5.27M +190,981 +67%
PCM
19
Penn Capital Management
Pennsylvania
$9.47M +$2.47M +89,629 +24%
Verition Fund Management
20
Verition Fund Management
Connecticut
$8.91M +$8.84M +320,635 +261%
OFCM
21
One Fin Capital Management
California
$8.04M +$1.77M +64,187 +19%
BHCM
22
Brevan Howard Capital Management
Jersey
$7.65M +$3.61M +130,785 +52%
Adage Capital Partners
23
Adage Capital Partners
Massachusetts
$6.82M +$1.5M +54,320 +19%
Goldman Sachs
24
Goldman Sachs
New York
$6.61M -$1.22M -44,340 -12%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$6.45M +$8.17M +296,001 +1,180%

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.