FWRD · Forward Air Corp · Shareholders & Ownership

$15.78 +0.47 (+3.07%)

Russell 2000 member Rebalance outlook locked

Market Cap

$517.19M

33.78M

Volume · Oct 21 179.89K Avg daily vol (3M) 574.06K

Every disclosed holder of FWRD in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.

How the holder list picks a filing →

Who Owns FWRD

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

No chart: the summed disclosures exceed shares outstanding, so they are not parts of one whole.

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	184	30,469,444	90.20%	Yes
Insiders (Forms 3, 4, 5)	23	4,504,325	13.33%	Yes
13D/G-only blocks	1	5,096,414	15.09%	Yes
Remaining	—	6,289,321	-18.62%	Negative
Registered funds (N-PORT, not summed)	148	6,538,450	19.36%	No

Shares outstanding: 33,780,862, the issuer's latest cover-page count restated onto today's split basis.

Remaining is negative: the summed disclosures exceed shares outstanding, as when filings are dated at different times or holders that do not disclose their links count the same shares. It is flagged, not clipped.

13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.

Holders of FWRD

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	Ridgemont Equity Management III, LLC 13D CIK 2010676 · Unknown · Aug 2, 2024	5,096,414	15.09%	+3,229,451	Aug 2, 2024
2	CLEARLAKE CAPITAL GROUP, L.P. 13F CIK 1688282 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	3,825,000	11.32%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
3	Cetus Capital VI, L.P. Insider CIK 1837548 · Nov 12, 2025 10% Owner, issuer-wide	3,116,546	9.23%	-47,163	Nov 12, 2025	10% Owner, issuer-wide
4	BlackRock, Inc. 13F CIK 2012383 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	2,774,600	8.21%	-925,487	Jun 30, 2026	carried, not yet filed for the newest quarter
4.1	BlackRock, Inc. 13G CIK 2012383 · Holding company · Jun 30, 2026 Rule 13d-1(b), qualified institution, not summed	1,698,107	5.03%	—	Jun 30, 2026	Rule 13d-1(b), qualified institution, not summed
4.2	iShares Russell 2000 ETF Fund S000004344 · Registered fund · Jun 30, 2026 iShares Trust, not summed	600,205	1.78%	+66,294	Jun 30, 2026	iShares Trust, not summed
4.3	iShares Russell 2000 Growth ETF Fund S000004343 · Registered fund · Jun 30, 2026 iShares Trust, not summed	216,956	0.64%	+150,542	Jun 30, 2026	iShares Trust, not summed
4.4	BlackRock Advantage Small Cap Core Fund Fund S000039982 · Registered fund · May 29, 2026 BlackRock Funds, not summed	84,389	0.25%	-1,071	May 29, 2026	BlackRock Funds, not summed
4.5	Master Small Cap Index Series Fund S000002716 · Registered fund · Jun 30, 2026 Quantitative Master Series LLC, not summed	43,999	0.13%	+8,749	Jun 30, 2026	Quantitative Master Series LLC, not summed
5	FMR LLC 13F CIK 315066 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	2,008,264	5.95%	+921,615	Jun 30, 2026	carried, not yet filed for the newest quarter
5.1	FMR LLC 13G CIK 315066 · Holding company · Jun 30, 2026 Rule 13d-1(b), qualified institution, not summed	2,008,264	5.95%	—	Jun 30, 2026	Rule 13d-1(b), qualified institution, not summed
5.2	Fidelity Value Fund Fund S000005455 · Registered fund · Jul 31, 2026 Fidelity Capital Trust, not summed	1,427,231	4.23%	+453,398	Jul 31, 2026	Fidelity Capital Trust, not summed
5.3	Fidelity Advisor Value Strategies Fund Fund S000005117 · Registered fund · May 31, 2026 Fidelity Advisor Series I, not summed	284,700	0.84%	—	May 31, 2026	Fidelity Advisor Series I, not summed
5.4	Fidelity Small Cap Index Fund Fund S000033638 · Registered fund · Jul 31, 2026 Fidelity Salem Street Trust, not summed	252,099	0.75%	+37,563	Jul 31, 2026	Fidelity Salem Street Trust, not summed
5.5	VIP Value Strategies Portfolio Fund S000007735 · Registered fund · Jun 30, 2026 Variable Insurance Products Fund III, not summed	151,500	0.45%	—	Jun 30, 2026	Variable Insurance Products Fund III, not summed
6	Bracebridge Capital, LLC 13G CIK 1426486 · Registered investment adviser · Jul 23, 2026 Rule 13d-1(c), passive investor, not summed	1,608,505	4.76%	—	Jul 23, 2026	Rule 13d-1(c), passive investor, not summed
6.1	Bracebridge Capital, LLC 13F CIK 1426486 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,404,913	4.16%	+1,404,913	Jun 30, 2026	carried, not yet filed for the newest quarter
7	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,169,316	3.46%	+142,619	Jun 30, 2026	carried, not yet filed for the newest quarter
8	PRIVATE MANAGEMENT GROUP INC 13F CIK 1142031 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,145,760	3.39%	-9,645	Jun 30, 2026	carried, not yet filed for the newest quarter
9	CIBC WORLD MARKET INC. 13F CIK 1421224 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	1,072,138	3.17%	+337,866	Jun 30, 2026	carried, not yet filed for the newest quarter
10	D. E. Shaw & Co., Inc. 13F CIK 1009207 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	1,000,105	2.96%	+1,000,105	Jun 30, 2026	carried, not yet filed for the newest quarter
11	VANGUARD TOTAL STOCK MARKET INDEX FUND Fund S000002848 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	888,368	2.63%	+137,500	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
12	HRT FINANCIAL LP 13F CIK 1475597 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	785,954	2.33%	+378,769	Jun 30, 2026	carried, not yet filed for the newest quarter
13	BARCLAYS PLC 13F CIK 312069 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	706,620	2.09%	+691,102	Jun 30, 2026	carried, not yet filed for the newest quarter
13.1	BARCLAYS PLC 13G CIK 312069 · Bank · Jun 30, 2026 Rule 13d-1(b), qualified institution, not summed	2,480,010	7.34%	—	Jun 30, 2026	Rule 13d-1(b), qualified institution, not summed
14	DEUTSCHE BANK AG\ 13F CIK 948046 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	613,841	1.82%	+354,530	Jun 30, 2026	carried, not yet filed for the newest quarter
14.1	DWS Small Cap Index VIP Fund S000006223 · Registered fund · Jun 30, 2026 DEUTSCHE DWS INVESTMENTS VIT FUNDS, not summed	3,631	0.01%	+569	Jun 30, 2026	DEUTSCHE DWS INVESTMENTS VIT FUNDS, not summed
15	BNP PARIBAS ARBITRAGE, SA 13F CIK 1166588 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	596,864	1.77%	+116,668	Jun 30, 2026	carried, not yet filed for the newest quarter
16	GEODE CAPITAL MANAGEMENT, LLC 13F CIK 1214717 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	581,416	1.72%	+29,856	Jun 30, 2026	carried, not yet filed for the newest quarter
17	STATE STREET CORP 13F CIK 93751 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	579,828	1.72%	-473,531	Jun 30, 2026	carried, not yet filed for the newest quarter
17.1	STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO Fund S000050332 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	7,251	0.02%	0	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
17.2	State Street Total Return V.I.S. Fund Fund S000001637 · Registered fund · Jun 30, 2026 STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed	517	0.00%	0	Jun 30, 2026	STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed
17.3	State Street(R) SPDR(R) S&P SmallCap 600 ESG ETF Fund S000074035 · Registered fund · Mar 31, 2026 SPDR SERIES TRUST, not summed	171	0.00%	+18	Mar 31, 2026	SPDR SERIES TRUST, not summed
17.4	State Street Balanced Index Fund Fund S000082802 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	151	0.00%	0	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
18	Qube Research & Technologies Ltd 13F CIK 1729829 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	565,049	1.67%	+565,049	Jun 30, 2026	carried, not yet filed for the newest quarter
19	JANE STREET GROUP, LLC 13F CIK 1595888 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	492,458	1.46%	-348	Jun 30, 2026	carried, not yet filed for the newest quarter
20	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	464,489	1.38%	+46,960	Jun 30, 2026	carried, not yet filed for the newest quarter
21	CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13F CIK 884546 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	425,287	1.26%	-72,402	Jun 30, 2026	carried, not yet filed for the newest quarter
21.1	Schwab Fundamental U.S. Small Company ETF Fund S000040878 · Registered fund · May 31, 2026 SCHWAB STRATEGIC TRUST, not summed	208,054	0.62%	-17,873	May 31, 2026	SCHWAB STRATEGIC TRUST, not summed
21.2	Schwab U.S. Small-Cap ETF Fund S000026636 · Registered fund · May 31, 2026 SCHWAB STRATEGIC TRUST, not summed	108,315	0.32%	-1,623	May 31, 2026	SCHWAB STRATEGIC TRUST, not summed
21.3	Schwab Small-Cap Index Fund Fund S000005912 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	56,351	0.17%	+8,744	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
21.4	Schwab Fundamental U.S. Small Company Index Fund Fund S000016767 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	53,376	0.16%	-1,955	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
21.5	Schwab Total Stock Market Index Fund Fund S000005913 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	16,577	0.05%	+5,688	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
22	MILLENNIUM MANAGEMENT LLC 13F CIK 1273087 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	422,193	1.25%	+319,099	Jun 30, 2026	carried, not yet filed for the newest quarter
23	TIMUCUAN ASSET MANAGEMENT INC/FL 13F CIK 1034541 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	398,551	1.18%	+398,551	Jun 30, 2026	carried, not yet filed for the newest quarter
24	ANDERSON CHARLES LEONARD Insider CIK 1995776 · Jun 13, 2025 Director, issuer-wide	368,803	1.09%	—	Jun 13, 2025	Director, issuer-wide
25	Edwards Robert Leon Jr Insider CIK 1329396 · Jun 13, 2025 Director, issuer-wide	368,803	1.09%	—	Jun 13, 2025	Director, issuer-wide
26	Diameter Capital Partners LP 13F CIK 1727012 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	350,000	1.04%	+350,000	Jun 30, 2026	carried, not yet filed for the newest quarter
27	TUDOR INVESTMENT CORP ET AL 13F CIK 923093 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	343,130	1.02%	+295,964	Jun 30, 2026	carried, not yet filed for the newest quarter
28	Jump Financial, LLC 13F CIK 1831577 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	312,046	0.92%	+115,246	Jun 30, 2026	carried, not yet filed for the newest quarter
29	DIMENSIONAL FUND ADVISORS LP 13F CIK 354204 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	300,403	0.89%	-18,455	Jun 30, 2026	carried, not yet filed for the newest quarter
29.1	Dimensional U.S. Small Cap ETF Fund S000070906 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	62,017	0.18%	-35,179	Jul 31, 2026	Dimensional ETF Trust, not summed
29.2	Dimensional U.S. Core Equity 2 ETF Fund S000070903 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	49,461	0.15%	+28,259	Jul 31, 2026	Dimensional ETF Trust, not summed
29.3	U.S. Small Cap Growth Portfolio Fund S000039439 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	34,700	0.10%	—	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
29.4	U.S. MICRO CAP PORTFOLIO Fund S000000948 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	28,787	0.09%	-23,908	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
29.5	Dimensional US Core Equity Market ETF Fund S000069432 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	4,223	0.01%	+3,103	Jul 31, 2026	Dimensional ETF Trust, not summed
30	Mill Road Capital Management LLC 13F CIK 1512275 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	292,250	0.87%	+65,500	Jun 30, 2026	carried, not yet filed for the newest quarter
31	JPMORGAN CHASE & CO 13F CIK 19617 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	274,517	0.81%	+130,310	Jun 30, 2026	carried, not yet filed for the newest quarter
32	VANGUARD EXTENDED MARKET INDEX FUND Fund S000002841 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	254,307	0.75%	+963	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
33	GOLDMAN SACHS GROUP INC 13F CIK 886982 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	253,258	0.75%	-4,834	Jun 30, 2026	carried, not yet filed for the newest quarter
33.1	Goldman Sachs Small Cap Growth Insights Fund Fund S000014930 · Registered fund · Jul 31, 2026 Goldman Sachs Trust, not summed	7,238	0.02%	-2,966	Jul 31, 2026	Goldman Sachs Trust, not summed
33.2	Goldman Sachs Variable Insurance Trust Small Cap Equity Insights Fund Fund S000009355 · Registered fund · Jun 30, 2026 Goldman Sachs Variable Insurance Trust, not summed	2,735	0.01%	—	Jun 30, 2026	Goldman Sachs Variable Insurance Trust, not summed
33.3	Goldman Sachs Absolute Return Tracker Fund Fund S000020314 · Registered fund · Jun 30, 2026 GOLDMAN SACHS TRUST, not summed	46	0.00%	+7	Jun 30, 2026	GOLDMAN SACHS TRUST, not summed
34	MARSHALL WACE, LLP 13F CIK 1318757 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	248,387	0.74%	+248,387	Jun 30, 2026	carried, not yet filed for the newest quarter
35	NORTHERN TRUST CORP 13F CIK 73124 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	221,136	0.65%	+1,347	Jun 30, 2026	carried, not yet filed for the newest quarter
35.1	Small Cap Index Fund Fund S000001245 · Registered fund · Jun 30, 2026 Northern Funds, not summed	12,113	0.04%	+1,245	Jun 30, 2026	Northern Funds, not summed
35.2	Small Cap Core Fund Fund S000001244 · Registered fund · Jun 30, 2026 Northern Funds, not summed	4,238	0.01%	-200	Jun 30, 2026	Northern Funds, not summed
36	LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 13F CIK 1536186 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	221,124	0.65%	+221,124	Jun 30, 2026	carried, not yet filed for the newest quarter
37	UBS Group AG 13F CIK 1610520 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	210,146	0.62%	-545,821	Jun 30, 2026	carried, not yet filed for the newest quarter
38	XTX Topco Ltd 13F CIK 1828301 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	195,817	0.58%	+154,317	Jun 30, 2026	carried, not yet filed for the newest quarter
39	Squarepoint Ops LLC 13F CIK 1642575 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	194,766	0.58%	+21,908	Jun 30, 2026	carried, not yet filed for the newest quarter
40	LMR Partners LLP 13F CIK 1578621 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	192,663	0.57%	+192,663	Jun 30, 2026	carried, not yet filed for the newest quarter
41	RENAISSANCE TECHNOLOGIES LLC 13F CIK 1037389 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	190,739	0.56%	-20,800	Jun 30, 2026	carried, not yet filed for the newest quarter
42	Diametric Capital, LP 13F CIK 1719087 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	189,478	0.56%	+49,181	Jun 30, 2026	carried, not yet filed for the newest quarter
43	Monarch Alternative Capital LP 13F CIK 1281084 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	189,000	0.56%	+189,000	Jun 30, 2026	carried, not yet filed for the newest quarter
44	CITADEL ADVISORS LLC 13F CIK 1423053 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	186,574	0.55%	-228,768	Jun 30, 2026	carried, not yet filed for the newest quarter
45	VANGUARD PORTFOLIO MANAGEMENT LLC 13F CIK 2100121 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	185,756	0.55%	-712,464	Jun 30, 2026	carried, not yet filed for the newest quarter
46	SUSQUEHANNA INTERNATIONAL GROUP, LLP 13F CIK 1446194 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	185,224	0.55%	+44,234	Jun 30, 2026	carried, not yet filed for the newest quarter
47	ADAGE CAPITAL PARTNERS GP, L.L.C. 13F CIK 1165408 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	177,069	0.52%	-100,000	Jun 30, 2026	carried, not yet filed for the newest quarter
48	Allianz Asset Management GmbH 13F CIK 1535323 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	176,225	0.52%	+25,817	Jun 30, 2026	carried, not yet filed for the newest quarter
48.1	PIMCO RAE US Small Fund Fund S000048957 · Registered fund · Jun 30, 2026 PIMCO Equity Series, not summed	115,888	0.34%	+9,411	Jun 30, 2026	PIMCO Equity Series, not summed
49	VANGUARD FIDUCIARY TRUST CO 13F CIK 933478 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	165,204	0.49%	+14,066	Jun 30, 2026	carried, not yet filed for the newest quarter
50	Balyasny Asset Management L.P. 13F CIK 1218710 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	156,471	0.46%	+156,471	Jun 30, 2026	carried, not yet filed for the newest quarter

26 more nested rows are not shown here; Every filing lists them all.

Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.

Showing 1–50 of 282 holders

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Key facts CIK 912728 CUSIP 34986A104 13F (30d) 15 filings 15 filers Visit website Investor relations