Forward Air FWRD Institutional Ownership

NASDAQ FWRD

$15.30 -0.32 (-2.05%)

At close: Oct 23, 2026 · 4:00 PM EDT

Institutions by Trading Activity

189 Institutions

Increased 118 62.4%

Unchanged 26 13.8%

Reduced 45 23.8%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

90.35%

▼-2.86 pp QoQ

Shares Held by Institutions

30.48Mn

of 33.74Mn outstanding

▲+3.49% QoQ

Shares Outstanding

33.74Mn

3.26Mn held outside 13F filers

Institutional Investors

189

filed 13F for Jun 2026

▼-3 vs prior quarter

Net Shares Added (QoQ)

+1.03Mn

accumulated since last quarter

Value of Holdings

$466.35Mn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Updated Oct 11, 2026

Forward Air Corp (NASDAQ:FWRD) appeared in the 13F filings of 189 institutional investors for the quarter ended June 30, 2026.

Together they owned 90.35% of the outstanding stock in Q2 2026, down from 93.21% a quarter earlier.
Total shares held in Forward Air rose 3.49% from Q1 2026, while the number of holders rose 7.39% from Q2 2025.
Of the 189 holders, 118 added to their positions, 45 reduced their stakes and 26 left their positions unchanged in Q2 2026.
Institutional investors held 30.48Mn shares of Forward Air in total at the end of Q2 2026, up 1.03Mn from the prior quarter and down 368.45K from a year earlier.
Clearlake Capital Group, L.P. was the top holder of Forward Air as of June 30, 2026, with 3.83Mn shares, or 11.34% of shares outstanding.
Among holders that already owned Forward Air, the biggest buyers in Q2 2026 were FMR LLC (+921.62K shares), Barclays PLC (+691.1K shares), HRT Financial LP (+378.77K shares), Deutsche Bank AG (+354.53K shares) and CIBC World Market Inc. (+337.87K shares).
The biggest cuts to FWRD positions during Q2 2026 came from BlackRock, Inc. (-925.49K shares), Vanguard Portfolio Management LLC (-712.46K shares), UBS Group AG (-545.82K shares), State Street Corp (-473.53K shares) and Bank of America Corp (-234.96K shares).
Per Business Quant, the top 10 investors in FWRD for the quarter ended June 30, 2026 were Clearlake Capital Group, L.P. (3.83Mn shares), BlackRock, Inc. (2.77Mn shares), FMR LLC (2.01Mn shares), Bracebridge Capital, LLC (1.4Mn shares), Vanguard Capital Management LLC (1.17Mn shares), Private Management Group Inc (1.15Mn shares), CIBC World Market Inc. (1.07Mn shares), D. E. Shaw & Co., Inc. (1Mn shares), HRT Financial LP (785.95K shares) and Barclays PLC (706.62K shares).

Form 13F Holdings

190 Institutional Holders

Report period 30 Jun, 2026

Total shares held 30.48Mn

Of outstanding 90.35%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	CLEARLAKE CAPITAL GROUP, L.P.	0001688282	3,825,000	11.34%	0	0.00%	$51.68Mn
2	BlackRock, Inc.	0002012383	2,774,600	8.22%	▼925,487	-25.01%	$37.48Mn
3	FMR LLC	0000315066	2,008,264	5.95%	▲921,615	+84.81%	$27.13Mn
4	Bracebridge Capital, LLC	0001426486	1,404,913	4.16%	▲1,404,913	0.00%	$18.98Mn
5	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	1,169,316	3.47%	▲142,619	+13.89%	$15.80Mn
6	PRIVATE MANAGEMENT GROUP INC	0001142031	1,145,760	3.40%	▼9,645	-0.83%	$15.48Mn
7	CIBC WORLD MARKET INC.	0001421224	1,072,138	3.18%	▲337,866	+46.01%	$14.48Mn
8	D. E. Shaw & Co., Inc.	0001009207	1,000,105	2.96%	▲1,000,105	0.00%	$13.51Mn
9	HRT FINANCIAL LP	0001475597	785,954	2.33%	▲378,769	+93.02%	$10.62K
10	Barclays Plc	0000312069	706,620	2.09%	▲691,102	+4,453.55%	$9.55Mn
11	DEUTSCHE BANK AG\	0000948046	613,841	1.82%	▲354,530	+136.72%	$8.29Mn
12	BNP PARIBAS FINANCIAL MARKETS	0001166588	596,864	1.77%	▲116,668	+24.30%	$8.06Mn
13	GEODE CAPITAL MANAGEMENT, LLC	0001214717	581,416	1.72%	▲29,856	+5.41%	$7.86Mn
14	State Street Corp	0000093751	579,828	1.72%	▼473,531	-44.95%	$7.83Mn
15	Qube Research & Technologies Ltd	0001729829	565,049	1.67%	▲565,049	0.00%	$7.63Mn
16	JANE STREET GROUP, LLC	0001595888	492,458	1.46%	▼348	-0.07%	$6.65Mn
17	Morgan Stanley	0000895421	464,489	1.38%	▲46,960	+11.25%	$6.28Mn
18	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	0000884546	425,287	1.26%	▼72,402	-14.55%	$5.75Mn
19	MILLENNIUM MANAGEMENT LLC	0001273087	422,193	1.25%	▲319,099	+309.52%	$5.70Mn
20	TIMUCUAN ASSET MANAGEMENT INC/FL	0001034541	398,551	1.18%	▲398,551	0.00%	$5.38Mn

Showing 1 to 20 of 190 holders