FWRD · Forward Air Corp

$16.19 -0.19 (-1.16%)

Russell 2000 member Rebalance outlook locked

Market Cap

$556.71M

33.78M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 188

Total Value: $435,618,457

Total Shares: 32,244,158

Showing 1–100 of 205 holdings by value · page 1 of 3

Institutional Ownership Trend

6 quarters

Holder Concentration

Across 188 13F filers · Δ vs Mar 31, 2026

Top Holder

11.9%

−0.5 pts

Top 5

34.7%

−0.7 pts

Top 10

49.9%

−1.0 pts

HHI

384

Broadly held−62

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -4

Institutional value: -16.1%

Shares held: +3.8%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega D. E. Shaw & Co., Inc.	+1,000,105	1,099,305
Mega FMR LLC	+921,615	2,008,264
Mega BARCLAYS PLC	+691,102	706,620
Large HRT FINANCIAL LP	+378,769	785,954
Mega DEUTSCHE BANK AG\	+354,530	613,841

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega BlackRock, Inc.	−925,487	2,774,600
Mega VANGUARD PORTFOLIO MANAGEMENT LLC	−712,464	185,756
Mega UBS Group AG	−545,821	210,146
Mega STATE STREET CORP	−473,531	579,828
Mid Shay Capital LLC	−306,375	60,000

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small Bracebridge Capital, LLC	1,404,913	$18,980,374
Mega Qube Research & Technologies Ltd	565,049	$7,633,811
Mid TIMUCUAN ASSET MANAGEMENT INC/FL	398,551	$5,384,424
Mid Diameter Capital Partners LP	350,000	$4,728,500
Large MARSHALL WACE, LLP	248,387	$3,355,707

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mid Irenic Capital Management LP	1,229,819	$20,550,275
Mid Paralel Advisors LLC	975,000	$16,292,250
Mid Melqart Asset Management (UK) Ltd	877,744	$14,667,102
Micro LITTLEJOHN & CO LLC	733,261	$12,252,791
Large ROYCE & ASSOCIATES LP	347,998	$5,815,046

Filter: New 47 Increased 69 Reduced 47 Sold out 51 Unchanged 25

Showing 100 of 205

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

CLEARLAKE CAPITAL GROUP, L.P.

$51,675,750

11.86%

3,825,000

BlackRock, Inc.

$37,484,838

8.60%

2,774,600

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	178,637	$2,413,385	6.4%	Sole
BlackRock Asset Management Canada Ltd	209	$2,823	0.0%	Sole
BlackRock Investment Management, LLC	115,727	$1,563,471	4.2%	Sole
BLACKROCK ADVISORS LLC	474,623	$6,412,156	17.1%	Sole
BlackRock Fund Advisors	879,330	$11,879,748	31.7%	Sole
BlackRock Institutional Trust Company, N.A.	1,005,435	$13,583,426	36.2%	Sole
BlackRock Japan Co. Ltd	2,570	$34,720	0.1%	Sole
BlackRock Fund Managers Ltd.	2,765	$37,355	0.1%	Sole
BlackRock Investment Management (UK) Ltd.	42,416	$573,040	1.5%	Sole
BlackRock (Netherlands) B.V.	487	$6,579	0.0%	Sole
BlackRock Asset Management Ireland Ltd	36,863	$498,019	1.3%	Sole
BlackRock Life Ltd	125	$1,688	0.0%	Sole
BlackRock Asset Management Schweiz AG	4,690	$63,361	0.2%	Sole
Aperio Group, LLC	30,723	$415,067	1.1%	Sole

FMR LLC

$27,131,645

6.23%

2,008,264

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	1,966,686	$26,569,927	97.9%	Defined
STRATEGIC ADVISERS LLC	15,077	$203,690	0.8%	Defined
FIAM LLC	26,501	$358,028	1.3%	Defined

Bracebridge Capital, LLC

$18,980,374

4.36%

1,404,913

VANGUARD CAPITAL MANAGEMENT LLC

$15,797,459

3.63%

1,169,316

PRIVATE MANAGEMENT GROUP INC

$15,479,217

3.55%

1,145,760

CIBC WORLD MARKET INC.

$14,484,584

3.33%

1,072,138

D. E. Shaw & Co., Inc.

$13,511,418

3.10%

1,000,105

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	275,105	$3,716,668	27.5%	Defined
D. E. Shaw Adviser II, L.L.C. joint	725,000	$9,794,750	72.5%	Defined

HRT FINANCIAL LP

$10,618,238

2.44%

785,954

BARCLAYS PLC

$9,546,435

2.19%

706,620

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	6,519	$88,071	0.9%	Defined
BARCLAYS CAPITAL INC.	700,101	$9,458,364	99.1%	Defined

DEUTSCHE BANK AG\

$8,292,990

1.90%

613,841

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deutsche Bank Securities Inc\	474,486	$6,410,305	77.3%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC	438	$5,917	0.1%	Defined
DWS Investments UK Ltd	138,917	$1,876,768	22.6%	Defined

BNP PARIBAS ARBITRAGE, SA

$8,063,632

1.85%

596,864

GEODE CAPITAL MANAGEMENT, LLC

$7,854,929

1.80%

581,416

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	83,611	$1,129,584	14.4%	Defined
Held directly	497,805	$6,725,345	85.6%	Defined

STATE STREET CORP

$7,833,476

1.80%

579,828

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS EUROPE LIMITED joint	579,828	$7,833,476	100.0%	Defined

Qube Research & Technologies Ltd

$7,633,811

1.75%

565,049

JANE STREET GROUP, LLC

$6,653,106

1.53%

492,458

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	188,190	$2,542,446	38.2%	Defined
Jane Street Global Trading, LLC	304,268	$4,110,660	61.8%	Defined

MORGAN STANLEY

$6,275,244

1.44%

464,489

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	5,287	$71,427	1.1%	Defined
MORGAN STANLEY & CO. LLC	204,751	$2,766,186	44.1%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	220,848	$2,983,656	47.5%	Defined
MORGAN STANLEY SMITH BARNEY LLC	471	$6,363	0.1%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	32,982	$445,586	7.1%	Defined
EATON VANCE MANAGEMENT	150	$2,026	0.0%	Defined

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$5,745,627

1.32%

425,287

MILLENNIUM MANAGEMENT LLC

$5,703,827

1.31%

422,193

TIMUCUAN ASSET MANAGEMENT INC/FL

$5,384,424

1.24%

398,551

GOLDMAN SACHS GROUP INC

$4,900,077

1.12%

362,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	362,700	$4,900,077	100.0%	Defined

Diameter Capital Partners LP

$4,728,500

1.09%

350,000

TUDOR INVESTMENT CORP ET AL

$4,635,686

1.06%

343,130

JANE STREET GROUP, LLC

$4,254,299

0.98%

314,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	314,900	$4,254,299	100.0%	Defined

Jump Financial, LLC

$4,215,741

0.97%

312,046

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jump Trading Holdings, LLC joint	2,446	$33,045	0.8%	Defined
Leap GP LLC joint	309,600	$4,182,696	99.2%	Defined

DIMENSIONAL FUND ADVISORS LP

$4,058,442

0.93%

300,403

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	1,796	$24,263	0.6%	Defined
DFA Australia Ltd.	2,513	$33,950	0.8%	Defined
Dimensional Ireland Ltd	17,172	$231,993	5.7%	Defined
Held directly	278,922	$3,768,236	92.8%	Sole

Mill Road Capital Management LLC

$3,948,297

0.91%

292,250

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mill Road Capital III GP LLLC	292,250	$3,948,297	100.0%	Other

JPMORGAN CHASE & CO

$3,708,722

0.85%

274,517

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	9,577	$129,385	3.5%	Defined
J.P. Morgan Investment Management Inc.	353	$4,769	0.1%	Defined
J.P. Morgan Securities LLC	264,538	$3,573,907	96.4%	Defined
J.P. Morgan Securities plc	49	$661	0.0%	Defined

GOLDMAN SACHS GROUP INC

$3,421,514

0.79%

253,258

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	150,196	$2,029,147	59.3%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	103,062	$1,392,367	40.7%	Defined

MARSHALL WACE, LLP

$3,355,707

0.77%

248,387

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	248,387	$3,355,707	100.0%	Other

CITADEL ADVISORS LLC

$3,170,797

0.73%

234,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	234,700	$3,170,797	100.0%	Defined

NORTHERN TRUST CORP

$2,987,545

0.69%

221,136

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	199,429	$2,694,285	90.2%	Defined
NORTHERN TRUST GLOBAL INVESTMENTS LTD	18,076	$244,206	8.2%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	3,631	$49,054	1.6%	Other

LANDSCAPE CAPITAL MANAGEMENT, L.L.C.

$2,987,384

0.69%

221,124

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Landscape High Leverage Fund, LP	41,221	$556,895	18.6%	Defined
LANDSCAPE OFFSHORE HL FUND LTD.	114,602	$1,548,273	51.8%	Defined
Held directly	65,301	$882,216	29.5%	Sole

UBS Group AG

$2,839,071

0.65%

210,146

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	7,039	$95,096	3.3%	Defined
UBS AG	199,679	$2,697,663	95.0%	Defined
UBS Securities LLC	3,428	$46,312	1.6%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$2,808,729

0.64%

207,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	207,900	$2,808,729	100.0%	Other

XTX Topco Ltd

$2,645,487

0.61%

195,817

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	195,817	$2,645,487	100.0%	Defined

Squarepoint Ops LLC

$2,631,288

0.60%

194,766

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	194,766	$2,631,288	100.0%	Defined

LMR Partners LLP

$2,602,877

0.60%

192,663

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR Partners LLC	192,663	$2,602,877	100.0%	Sole

RENAISSANCE TECHNOLOGIES LLC

$2,576,883

0.59%

190,739

Diametric Capital, LP

$2,559,847

0.59%

189,478

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Thakore Nainoor	189,478	$2,559,847	100.0%	Defined

Monarch Alternative Capital LP

$2,553,390

0.59%

189,000

CITADEL ADVISORS LLC

$2,520,613

0.58%

186,574

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	153,192	$2,069,623	82.1%	Defined
Held directly	33,382	$450,990	17.9%	Defined

VANGUARD PORTFOLIO MANAGEMENT LLC

$2,509,563

0.58%

185,756

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$2,502,376

0.57%

185,224

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	185,224	$2,502,376	100.0%	Other

ADAGE CAPITAL PARTNERS GP, L.L.C.

$2,392,202

0.55%

177,069

Allianz Asset Management GmbH

$2,380,799

0.55%

176,225

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Pacific Investment Management Company LLC	176,225	$2,380,799	100.0%	Defined

VANGUARD FIDUCIARY TRUST CO

$2,231,906

0.51%

165,204

Balyasny Asset Management L.P.

$2,113,923

0.49%

156,471

Point72 Asset Management, L.P.

$2,026,500

0.47%

150,000

AQR CAPITAL MANAGEMENT LLC

$2,023,202

0.46%

149,756

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Arax Advisory Partners	3,475	$46,947	2.3%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	394	$5,322	0.3%	Other
Stokes Family Office, LLC	14	$189	0.0%	Other
Held directly	145,873	$1,970,744	97.4%	Defined

Nuveen, LLC

$2,022,311

0.46%

149,690

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	66,131	$893,429	44.2%	Defined
TEACHERS ADVISORS, LLC joint	83,559	$1,128,882	55.8%	Defined

PDT Partners, LLC

$1,973,905

0.45%

146,107

NORGES BANK

$1,963,003

0.45%

145,300

Prescott Group Capital Management, L.L.C.

$1,673,848

0.38%

123,897

JACOBS LEVY EQUITY MANAGEMENT, INC

$1,657,717

0.38%

122,703

Carlyle Group Inc.

$1,448,461

0.33%

107,214

AlpInvest Partners B.V.

$1,395,988

0.32%

103,330

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Carlyle Group Inc.	103,330	$1,395,988	100.0%	Defined

Trexquant Investment LP

$1,388,503

0.32%

102,776

Invesco Ltd.

$1,369,737

0.31%

101,387

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	3,631	$49,054	3.6%	Defined
Invesco Trust Co joint	9,159	$123,738	9.0%	Defined
Invesco Capital Management LLC	88,597	$1,196,945	87.4%	Defined

Verition Fund Management LLC

$1,351,000

0.31%

100,000

Quantbot Technologies LP

$1,295,244

0.30%

95,873

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	95,873	$1,295,244	100.0%	Sole

Y-Intercept (Hong Kong) Ltd

$1,176,721

0.27%

87,100

Caption Management, LLC

$1,148,350

0.26%

85,000

Aquatic Capital Management LLC

$1,137,879

0.26%

84,225

Jain Global LLC

$1,090,689

0.25%

80,732

D. E. Shaw & Co., Inc.

$1,074,045

0.25%

79,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	79,500	$1,074,045	100.0%	Defined

Walleye Trading LLC

$1,037,568

0.24%

76,800

Engineers Gate Manager LP

$1,035,487

0.24%

76,646

BANK OF AMERICA CORP /DE/

$1,028,772

0.24%

76,149

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	61,504	$830,919	80.8%	Defined
BOFA SECURITIES, INC.	14,645	$197,853	19.2%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$1,017,303

0.23%

75,300

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	75,300	$1,017,303	100.0%	Other

Bank of New York Mellon Corp

$987,470

0.23%

73,092

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation	29,298	$395,815	40.1%	Defined
The Bank of New York Mellon	42,058	$568,203	57.5%	Defined
BNY Mellon, NA joint	1,735	$23,439	2.4%	Defined
Held directly	1	$13	0.0%	Defined

Advisory Services Network, LLC

$983,500

0.23%

72,798

Voleon Capital Management LP

$933,649

0.21%

69,108

Hudson Bay Capital Management LP

$913,154

0.21%

67,591

Quantinno Capital Management LP

$903,197

0.21%

66,854

GROUP ONE TRADING LLC

$867,260

0.20%

64,194

New Age Alpha Advisors, LLC

$852,481

0.20%

63,100

SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC

$845,928

0.19%

62,615

ExodusPoint Capital Management, LP

$811,964

0.19%

60,101

Shay Capital LLC

$810,600

0.19%

60,000

Freestone Grove Partners LP

$767,178

0.18%

56,786

Schonfeld Strategic Advisors LLC

$751,291

0.17%

55,610

Rangeley Capital, LLC

$743,050

0.17%

55,000

TWO SIGMA INVESTMENTS, LP

$723,284

0.17%

53,537

Inspire Investing, LLC

$690,252

0.16%

51,092

Walleye Capital LLC

$686,335

0.16%

50,802

ADAR1 Capital Management, LLC

$651,735

0.15%

48,241

Marble Bar Asset Management LLP

$631,173

0.14%

46,719

Integrity Financial Corp /WA

$621,568

0.14%

46,008

EntryPoint Capital, LLC

$609,030

0.14%

45,080

Swiss National Bank

$598,493

0.14%

44,300

Steward Partners Investment Advisory, LLC

$589,860

0.14%

43,661

Verition Fund Management LLC

$587,522

0.13%

43,488

LPL Financial LLC

$573,972

0.13%

42,485

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$519,148

0.12%

38,427

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	34	$459	0.1%	Defined
UBS Asset Management Switzerland AG	38,393	$518,689	99.9%	Defined

PRICE T ROWE ASSOCIATES INC /MD/

$498,208

0.11%

36,877

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	36,877	$498,208	100.0%	Defined

INDEPENDENT FINANCIAL GROUP, LLC

$473,322

0.11%

35,035

Counterpoint Mutual Funds LLC

$453,260

0.10%

33,550

Entropy Technologies, LP

$406,867

0.09%

30,116

WINTON GROUP Ltd

$406,205

0.09%

30,067

Key facts CIK 912728 CUSIP 34986A104 13F (30d) 162 filings 159 filers Visit website Investor relations