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Forward Air
FWRD

Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
1
Neuberger Berman Group
New York
$131M +$8.25M +161,397 +7%
RA
2
Royce & Associates
New York
$126M -$9.73M -190,300 -8%
Vanguard Group
3
Vanguard Group
Pennsylvania
$115M +$3.84M +75,088 +4%
BFA
4
BlackRock Fund Advisors
California
$97.6M +$5.43M +106,270 +6%
CWAM
5
Columbia Wanger Asset Management
Illinois
$90.3M +$1.33M +26,000 +2%
Invesco
6
Invesco
Georgia
$90M +$30.1M +589,790 +55%
Barrow, Hanley, Mewhinney & Strauss
7
Barrow, Hanley, Mewhinney & Strauss
Texas
$78.1M -$92K -1,800 -0.1%
Goldman Sachs
8
Goldman Sachs
New York
$51.8M +$502K +9,817 +1%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$48.6M +$1.61M +31,517 +4%
State Street
10
State Street
Massachusetts
$42.7M +$2.6M +50,835 +7%
ACM
11
Atlanta Capital Management
Georgia
$42.2M +$808K +15,813 +2%
BIT
12
BlackRock Institutional Trust
California
$41.3M +$483K +9,457 +1%
Artisan Partners
13
Artisan Partners
Wisconsin
$41.1M +$3.03M +59,345 +9%
FAM
14
Fenimore Asset Management
New York
$35.1M -$106K -2,075 -0.3%
VVP
15
Vulcan Value Partners
Alabama
$35.1M -$3.62M -70,828 -10%
JP Morgan Chase
16
JP Morgan Chase
New York
$31.1M -$2.49M -48,699 -8%
Victory Capital Management
17
Victory Capital Management
Texas
$30.2M +$1.22M +23,825 +4%
RP
18
Riverbridge Partners
Minnesota
$30M +$127K +2,479 +0.5%
Northern Trust
19
Northern Trust
Illinois
$28.6M -$12.4K -243 -0%
Franklin Resources
20
Franklin Resources
California
$27.1M – – –
ACH
21
ArrowMark Colorado Holdings
Colorado
$26.7M +$25.2M +492,188 New
Bank of New York Mellon
22
Bank of New York Mellon
New York
$25.3M +$2.17M +42,448 +10%
FMA
23
Fiduciary Management Associates
Illinois
$24M +$2.18M +42,695 +11%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$23.9M +$12.7M +247,600 +129%
RHJA
25
Rice Hall James & Associates
California
$23.7M -$310K -6,057 -1%
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