Forward Air
FWRD
186 hedge funds and large institutions have $412M invested in Forward Air in 2026 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 67 increasing their positions, 45 reducing their positions, and 52 closing their positions.
1,124% more call options, than puts
Call options by funds: $27.4M | Put options by funds: $2.24M
49% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 45
3.01% more ownership
Funds ownership: 93.34% → 96.35% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
8% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 52
4% less funds holding
Funds holding: 193 → 186 (-7)
16% less capital invested
Capital invested by funds: $493M → $412M (-$81.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
+$20.9M |
| 2 |
D.E. Shaw & Co
New York
|
+$14.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.7M |
| 4 |
Barclays
London,
United Kingdom
|
+$10.3M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$8.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Irenic Capital Management
New York
|
-$20.6M |
| 2 |
PA
Paralel Advisors
Denver,
Colorado
|
-$16.3M |
| 3 |
MAM
Melqart Asset Management
London,
United Kingdom
|
-$14.7M |
| 4 |
BlackRock
New York
|
-$13.8M |
| 5 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
-$12.3M |
FWRD Hedge Fund Activity: Q2 2026 in Review
186 of the 8,303 institutional investors tracked by Wall St. Rank reported a position in Forward Air (FWRD) for Q2 2026, worth a combined $412M — down 16% from $493M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of FWRD and 48 opened new positions — a net loss of 4 holders — while 45 trimmed existing stakes and 67 added.
The largest buyer was Bracebridge Capital LLC, opening a new position worth an estimated $20.9M. The largest seller was Irenic Capital Management, exiting entirely with an estimated $20.6M sold.
- 186 institutional investors held Forward Air (FWRD) as of Q2 2026, down from 193 in Q1 2026.
- Funds reported $412M of Forward Air stock for Q2 2026, down 16% quarter-over-quarter.
- 48 funds opened new Forward Air positions in Q2 2026 and 52 closed out, a net change of -4 holders.
- The largest Forward Air buyer in Q2 2026 was Bracebridge Capital LLC, an estimated $20.9M added.
- The largest Forward Air seller in Q2 2026 was Irenic Capital Management, an estimated $20.6M sold.
Based on aggregated 13F filings for Q2 2026.