Forward Air Corporation (FWRD) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling FWRD?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Forward Air Corporation, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on FWRD?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Forward Air Corporation.

Is institutional money flowing into FWRD?

105 institutional investors hold Forward Air Corporation (FWRD). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about FWRD?

Track institutional sentiment and conviction scores for Forward Air Corporation (FWRD) including Smart Money Verdict and position changes on HoldingsIntel.

Forward Air Corporation

FWRD·349853101·UL·equity·Industrials - Integrated Freight & Logistics-Activist

FWRD (Forward Air Corporation) is held by 105 institutional investors as of Q4 2025. Largest holders: BlackRock, Inc. ($85M), VANGUARD GROUP INC ($58.6M), FMR LLC ($24M). Net institutional sentiment: Mixed.

105

Holders

Avg rating(7 Elite)

$430.7M

Total Value

53% (114)

Fund Consensus

56 buying - 49 selling

Smart Money VerdictView all

48Weak MomentumStrong Convergence

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See how FWRD's score breaks down across 4 SEC sources

Held by 105 funds

7 elite

Who's Trading

ActivistThe Vanguard Group0.0%Mar 26, 2026

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BlackRock, Inc.	Increased	3.4M(+5.6%)	$85M	0.0%	-2.02%	31
VANGUARD GROUP INC	Decreased	2.3M(-0.5%)	$58.6M	0.0%	-2.55%	0
FMR LLC	Increased	961,868(+31.6%)	$24M	0.0%	-2.56%	36
STATE STREET CORP	Increased	949,784(+2.1%)	$23.7M	0.0%	-2.00%	29
CIBC WORLD MARKET INC.	Increased	784,731(+3.8%)	$19.6M	0.0%	-2.01%	29
GEODE CAPITAL MANAGEMENT, LLC	Increased	531,614(+2.3%)	$13.3M	0.0%	-2.00%	29
UBS Group AG	Decreased	491,835(-9.1%)	$12.3M	0.0%	-1.99%	0
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Decreased	481,944(-5.5%)	$12M	0.0%	-1.99%	0
JANE STREET GROUP, LLC	Increased	419,266(+49.8%)	$10.5M	0.0%	-4.56%	38
BNP PARIBAS FINANCIAL MARKETS	Increased	404,706(+105.8%)	$10.1M	0.0%	-2.27%	45
BANK OF AMERICA CORP /DE/	Decreased	384,708(-25.3%)	$9.6M	0.0%	-1.99%	0
MORGAN STANLEY	Decreased	344,071(-15.3%)	$8.6M	0.0%	-1.99%	0
CITADEL ADVISORS LLC	Increased	309,598(+321.3%)	$7.7M	0.0%	-3.13%	44
Walleye Capital LLC	Increased	287,094(+51.8%)	$7.2M	0.0%	-4.91%	38
DEUTSCHE BANK AG\	Increased	281,800(+780.4%)	$7M	0.0%	-2.95%	44
ROYCE & ASSOCIATES LP	Increased	281,553(+60.7%)	$7M	0.1%	-3.84%	39
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	272,123(+20.6%)	$6.8M	0.0%	-3.82%	33
Invesco Ltd.	Increased	268,960(+20.8%)	$6.7M	0.0%	-2.08%	33
Nuveen, LLC	Decreased	254,409(-3.4%)	$6.4M	0.0%	-5.15%	0
Allianz Asset Management GmbH	Decreased	246,737(-23.7%)	$6.2M	0.0%	-6.10%	0
GOLDMAN SACHS GROUP INC	Increased	243,165(+19.1%)	$6.1M	0.0%	-2.08%	32
NORTHERN TRUST CORP	Decreased	219,942(-3.7%)	$5.5M	0.0%	-1.99%	0
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	Increased	182,985(+318.6%)	$4.6M	0.0%	-3.41%	43
Squarepoint Ops LLC	Increased	162,614(+1389.8%)	$4.1M	0.0%	-2.49%	43
DIMENSIONAL FUND ADVISORS LP	Increased	152,774(+340.1%)	$3.8M	0.0%	-3.10%	43
Bank of New York Mellon Corp	Decreased	140,454(-2.7%)	$3.5M	0.0%	-1.99%	0
SIMPLEX TRADING, LLC	Increased	137,530(+115.2%)	$3.4M	0.0%	-4.11%	43
ADAGE CAPITAL PARTNERS GP, L.L.C.	Decreased	136,825(-14.8%)	$3.4M	0.0%	-2.96%	0
GROUP ONE TRADING LLC	Increased	136,745(+54.8%)	$3.4M	0.0%	-3.11%	37
Carlyle Group Inc.	Unchanged	107,214	$3.1M	0.0%	-1.99%	0
CITIGROUP INC	Increased	120,496(+9.7%)	$3M	0.0%	-2.04%	29
Hudson Bay Capital Management LP	Decreased	119,385(-39.7%)	$3M	0.0%	-1.99%	0
Caption Management, LLC	New	106,987	$2.7M	0.0%	-2.53%	36
PRINCIPAL FINANCIAL GROUP INC	Increased	105,841(+0.2%)	$2.6M	0.0%	-2.05%	26
TUDOR INVESTMENT CORP ET AL	New	98,888	$2.5M	0.0%	-2.53%	36
PUBLIC SECTOR PENSION INVESTMENT BOARD	Decreased	76,756(-10.0%)	$1.9M	0.0%	-2.67%	0
MILLENNIUM MANAGEMENT LLC	Decreased	68,973(-83.9%)	$1.7M	0.0%	-3.63%	0
ExodusPoint Capital Management, LP	New	66,767	$1.7M	0.0%	-2.53%	36
RHUMBLINE ADVISERS	Decreased	65,493(-2.3%)	$1.6M	0.0%	-1.99%	0
Verition Fund Management LLC	Increased	64,032(+49.0%)	$1.6M	0.0%	-2.17%	35
Jefferies Financial Group Inc.	Decreased	59,300(-85.7%)	$1.5M	0.0%	-2.30%	0
Legal & General Group Plc	Decreased	57,557(-1.1%)	$1.4M	0.0%	-1.99%	0
JPMORGAN CHASE & CO	Decreased	46,900(-90.7%)	$1.2M	0.0%	-1.99%	0
LPL Financial LLC	Increased	43,228(+1.5%)	$1.1M	0.0%	-5.12%	25
AMERIPRISE FINANCIAL INC	Decreased	42,898(-2.1%)	$1.1M	0.0%	-1.99%	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Increased	41,478(+6.3%)	$1M	0.0%	-2.02%	27
WELLS FARGO & COMPANY/MN	Increased	40,338(+58.5%)	$1M	0.0%	-2.19%	36
BARCLAYS PLC	Increased	39,947(+31.4%)	$998,675	0.0%	-2.12%	32
Swiss National Bank	Increased	39,400(+2.9%)	$985,000	0.0%	-2.00%	26
AMERICAN CENTURY COMPANIES INC	Increased	36,011(+48.0%)	$900,275	0.0%	-4.97%	34
BALYASNY ASSET MANAGEMENT L.P.	New	33,544	$838,600	0.0%	-2.53%	34
D. E. Shaw & Co., Inc.	New	33,509	$837,725	0.0%	-2.53%	34
ALLIANCEBERNSTEIN L.P.	Decreased	26,629(-2.1%)	$665,725	0.0%	-1.99%	0
Envestnet Portfolio Solutions, Inc.	Increased	25,710(+0.8%)	$642,750	0.0%	-3.78%	25
INTECH INVESTMENT MANAGEMENT LLC	Decreased	24,869(-44.5%)	$621,725	0.0%	-3.03%	0
Creative Planning	Increased	21,862(+18.8%)	$546,550	0.0%	-2.15%	29
Walleye Trading LLC	New	21,760	$544,000	0.0%	-2.53%	34
Tidal Investments LLC	Decreased	21,608(-7.7%)	$540,200	0.0%	-1.99%	0
Brevan Howard Capital Management LP	Decreased	20,579(-41.0%)	$514,475	0.0%	-6.10%	0
Russell Investments Group, Ltd.	Decreased	20,491(-56.8%)	$512,275	0.0%	-3.16%	0
Centiva Capital, LP	New	20,000	$500,000	0.0%	-2.53%	33
PRUDENTIAL FINANCIAL INC	Decreased	19,649(-7.1%)	$491,225	0.0%	-1.99%	0
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Decreased	19,228(-0.5%)	$480,700	0.0%	-2.30%	0
ROYAL BANK OF CANADA	Decreased	18,911(-94.9%)	$473,000	0.0%	-2.50%	0
Quadrature Capital Ltd	Decreased	17,013(-33.4%)	$425,325	0.0%	-4.52%	0
XTX Topco Ltd	Decreased	16,928(-62.9%)	$423,200	0.0%	-6.10%	0
Jain Global LLC	New	16,910	$422,750	0.0%	-2.53%	33
Quantinno Capital Management LP	Increased	16,603(+16.4%)	$415,075	0.0%	-2.38%	28
FULLER & THALER ASSET MANAGEMENT, INC.	Unchanged	16,095	$402,375	0.0%	-6.10%	0
FRANKLIN RESOURCES INC	New	12,980	$324,500	0.0%	-2.53%	33
JANUS HENDERSON GROUP PLC	Unchanged	12,347	$308,552	0.0%	-1.99%	0
MetLife Investment Management, LLC	Decreased	11,587(-2.1%)	$289,675	0.0%	-1.99%	0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	9,978(+1.1%)	$249,450	0.0%	-1.99%	23
TWO SIGMA INVESTMENTS, LP	Decreased	9,700(-48.0%)	$242,500	0.0%	-1.99%	0
HB Wealth Management, LLC	Increased	9,285(+0.8%)	$232,125	0.0%	-6.07%	23
KLP KAPITALFORVALTNING AS	Increased	8,600(+10.3%)	$215,000	0.0%	-2.04%	25
GUGGENHEIM CAPITAL LLC	New	8,267	$206,675	0.0%	-2.53%	32
Zurcher Kantonalbank (Zurich Cantonalbank)	Unchanged	6,966	$174,150	0.0%	-1.99%	0
WOLVERINE ASSET MANAGEMENT LLC	Unchanged	6,565	$164,125	0.0%	-1.99%	0
Police & Firemen's Retirement System of New Jersey	Unchanged	5,725	$143,125	0.0%	-1.99%	0
COMERICA BANK	Decreased	5,264(-17.5%)	$131,600	0.0%	-1.99%	0
OSAIC HOLDINGS, INC.	Increased	5,036(+7.3%)	$125,900	0.0%	-2.03%	24
NEW YORK STATE COMMON RETIREMENT FUND	Unchanged	4,917	$122,925	0.0%	-1.99%	0
State of Tennessee, Department of Treasury	Decreased	4,210(-7.3%)	$117,375	0.0%	-1.99%	0
CANADA PENSION PLAN INVESTMENT BOARD	Increased	3,800(+111.1%)	$95,000	0.0%	-4.14%	35
Kestra Advisory Services, LLC	New	2,953	$73,825	0.0%	-2.53%	29
NISA INVESTMENT ADVISORS, LLC	Increased	2,869(+12.0%)	$71,725	0.0%	-2.14%	24
US BANCORP \DE\	Decreased	2,782(-6.8%)	$69,550	0.0%	-1.99%	0
Ensign Peak Advisors, Inc	Decreased	1,847(-68.4%)	$46,175	0.0%	-1.99%	0
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Decreased	1,122(-10.2%)	$28,050	0.0%	-1.99%	0
PNC FINANCIAL SERVICES GROUP, INC.	Increased	591(+20.6%)	$14,775	0.0%	-2.58%	15
Allworth Financial LP	Increased	527(+2.7%)	$13,175	0.0%	-2.04%	18
Farther Finance Advisors, LLC	Increased	524(+35.4%)	$13,100	0.0%	-3.60%	23
FIFTH THIRD BANCORP	Increased	220(+2.3%)	$5,500	0.0%	-2.50%	11
MAI Capital Management	Decreased	198(-93.1%)	$4,950	0.0%	-1.99%	0
Rockefeller Capital Management L.P.	Decreased	170(-35.1%)	$4,250	0.0%	-6.10%	0
HRT FINANCIAL LP	Increased	152,383(+72.9%)	$3,809	0.0%	-3.43%	21
Steward Partners Investment Advisory, LLC	Unchanged	144	$3,600	0.0%	-1.99%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	New	152	$2,838	0.0%	-2.53%	20
CIBC Private Wealth Group LLC	Increased	110(+4.8%)	$2,750	0.0%	-2.01%	9
JONES FINANCIAL COMPANIES LLLP	Decreased	76(-39.7%)	$1,900	0.0%	-1.99%	0
NewEdge Advisors, LLC	Unchanged	20	$500	0.0%	-1.99%	0
PRICE T ROWE ASSOCIATES INC /MD/	Decreased	18,795(-25.1%)	$470	0.0%	-1.99%	0
CULLEN/FROST BANKERS, INC.	Decreased	16(-11.1%)	$400	0.0%	-1.99%	0
HUNTINGTON NATIONAL BANK	Exited	0(-100.0%)	$333	0.0%	+18.97%	0
BNP Paribas Asset Management Holding S.A.	Increased	352(+72.5%)	$9	0.0%	-2.22%	11
Virtu Financial LLC	Exited	0(-100.0%)	$228	0.0%	-3.66%	0
Point72 Asset Management, L.P.	Exited	0(-100.0%)	$6M	0.0%	-2.54%	0
Neuberger Berman Group LLC	Exited	0(-100.0%)	$224,324	0.0%	+0.41%	0
ProShare Advisors LLC	Exited	0(-100.0%)	$205,324	0.0%	-3.66%	0
Engineers Gate Manager LP	Exited	0(-100.0%)	$409,855	0.0%	-3.66%	0
STATE OF WISCONSIN INVESTMENT BOARD	Exited	0(-100.0%)	$254,656	0.0%	0.00%	0
Federation des caisses Desjardins du Quebec	Exited	0(-100.0%)	$51,280	0.0%	+0.56%	0
MARSHALL WACE, LLP	Exited	0(-100.0%)	$1M	0.0%	+0.56%	0

Forward Air Corporation

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