FORWARD AIR CORP (FWRD) — Institutional Holders, Q2 2026

188 institutional investment managers reported a FWRD position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $411.7M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← FWRD stock profile

FWRD in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

Trimmed

Sold out

Biggest buyers

Bracebridge CapitalNew · +1,404,913 sh+$19.0M
D. E. ShawNew · +1,000,105 sh+$13.5M
FMRAdded · +921,615 sh+$12.5M
BARCLAYS PLCAdded · +691,102 sh+$9.3M
Qube Research & Technologies LtdNew · +565,049 sh+$7.6M

Biggest sellers

Irenic Capital ManagementSold out · -1,229,819 sh-$16.6M
Paralel AdvisorsSold out · -975,000 sh-$13.2M
BlackRockTrimmed · -925,487 sh-$12.5M
Melqart Asset Management (UK) LtdSold out · -877,744 sh-$11.9M
LITTLEJOHNSold out · -733,261 sh-$9.9M

FWRD 13F holders ranked 1–100 of 188

Institutional investors reporting a position in FORWARD AIR CORP on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	CLEARLAKE CAPITAL GROUP, L.P.#1 · 3,825,000 sh	3,825,000	$51.7M	9.78%	0.0%
2	BlackRock#2 · 2,774,600 sh	2,774,600	$37.5M	<0.01%	-25.0%
3	FMR#3 · 2,008,264 sh	2,008,264	$27.1M	<0.01%	+84.8%
4	Bracebridge Capital#4 · 1,404,913 sh	1,404,913	$19.0M	0.34%	New
5	VANGUARD CAPITAL MANAGEMENT#5 · 1,169,316 sh	1,169,316	$15.8M	<0.01%	+13.9%
6	PRIVATE MANAGEMENT GROUP#6 · 1,145,760 sh	1,145,760	$15.5M	0.41%	-0.8%
7	CIBC WORLD MARKET#7 · 1,072,138 sh	1,072,138	$14.5M	0.02%	+46.0%
8	D. E. Shaw#8 · 1,000,105 sh	1,000,105	$13.5M	<0.01%	New
9	HRT FINANCIAL#9 · 785,954 sh	785,954	$10.6M	0.03%	+93.0%
10	BARCLAYS PLC#10 · 706,620 sh	706,620	$9.5M	<0.01%	+4453.6%
11	DEUTSCHE BANK AG\#11 · 613,841 sh	613,841	$8.3M	<0.01%	+136.7%
12	BNP PARIBAS FINANCIAL MARKETS#12 · 596,864 sh	596,864	$8.1M	<0.01%	+24.3%
13	GEODE CAPITAL MANAGEMENT#13 · 581,416 sh	581,416	$7.9M	<0.01%	+5.4%
14	STATE STREET#14 · 579,828 sh	579,828	$7.8M	<0.01%	-45.0%
15	Qube Research & Technologies Ltd#15 · 565,049 sh	565,049	$7.6M	<0.01%	New
16	JANE STREET GROUP#16 · 492,458 sh	492,458	$6.7M	<0.01%	-0.1%
17	MORGAN STANLEY#17 · 464,489 sh	464,489	$6.3M	<0.01%	+11.2%
18	CHARLES SCHWAB INVESTMENT MANAGEMENT#18 · 425,287 sh	425,287	$5.7M	<0.01%	-14.5%
19	MILLENNIUM MANAGEMENT#19 · 422,193 sh	422,193	$5.7M	<0.01%	+309.5%
20	TIMUCUAN ASSET MANAGEMENT#20 · 398,551 sh	398,551	$5.4M	0.20%	New
21	Diameter Capital Partners#21 · 350,000 sh	350,000	$4.7M	0.38%	New
22	TUDOR INVESTMENT ET AL#22 · 343,130 sh	343,130	$4.6M	<0.01%	+627.5%
23	Jump Financial#23 · 312,046 sh	312,046	$4.2M	0.03%	+58.6%
24	DIMENSIONAL FUND ADVISORS#24 · 300,403 sh	300,403	$4.1M	<0.01%	-5.8%
25	JPMORGAN CHASE#25 · 274,517 sh	274,517	$4.0M	<0.01%	+90.4%
26	Mill Road Capital Management#26 · 292,250 sh	292,250	$3.9M	1.95%	+28.9%
27	GOLDMAN SACHS GROUP#27 · 253,258 sh	253,258	$3.4M	<0.01%	-1.9%
28	MARSHALL WACE, LLP#28 · 248,387 sh	248,387	$3.4M	<0.01%	New
29	NORTHERN#29 · 221,136 sh	221,136	$3.0M	<0.01%	+0.6%
30	LANDSCAPE CAPITAL MANAGEMENT, L.L.C.#30 · 221,124 sh	221,124	$3.0M	0.19%	New
31	UBS Group AG#31 · 210,146 sh	210,146	$2.8M	<0.01%	-72.2%
32	XTX Topco Ltd#32 · 195,817 sh	195,817	$2.6M	0.03%	+371.8%
33	Squarepoint Ops#33 · 194,766 sh	194,766	$2.6M	<0.01%	+12.7%
34	LMR Partners LLP#34 · 192,663 sh	192,663	$2.6M	<0.01%	New
35	RENAISSANCE TECHNOLOGIES#35 · 190,739 sh	190,739	$2.6M	<0.01%	-9.8%
36	Diametric Capital#36 · 189,478 sh	189,478	$2.6M	0.27%	+35.1%
37	Monarch Alternative Capital#37 · 189,000 sh	189,000	$2.6M	0.36%	New
38	CITADEL ADVISORS#38 · 186,574 sh	186,574	$2.5M	<0.01%	-55.1%
39	VANGUARD PORTFOLIO MANAGEMENT#39 · 185,756 sh	185,756	$2.5M	<0.01%	-79.3%
40	SUSQUEHANNA INTERNATIONAL GROUP, LLP#40 · 185,224 sh	185,224	$2.5M	<0.01%	+31.4%
41	ADAGE CAPITAL PARTNERS GP, L.L.C.#41 · 177,069 sh	177,069	$2.4M	<0.01%	-36.1%
42	Allianz Asset Management GmbH#42 · 176,225 sh	176,225	$2.4M	<0.01%	+17.2%
43	VANGUARD FIDUCIARY#43 · 165,204 sh	165,204	$2.2M	<0.01%	+9.3%
44	BALYASNY ASSET MANAGEMENT L.P.#44 · 156,471 sh	156,471	$2.1M	<0.01%	New
45	AQR CAPITAL MANAGEMENT#45 · 149,756 sh	149,756	$2.0M	<0.01%	+174.1%
46	Nuveen#46 · 149,690 sh	149,690	$2.0M	<0.01%	+86.7%
47	PDT Partners#47 · 146,107 sh	146,107	$2.0M	0.10%	-22.7%
48	NORGES BANK#48 · 145,300 sh	145,300	$2.0M	<0.01%	—
49	PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.#49 · 123,897 sh	123,897	$1.7M	0.14%	+182.2%
50	JACOBS LEVY EQUITY MANAGEMENT#50 · 122,703 sh	122,703	$1.7M	<0.01%	New
51	Carlyle Group#51 · 107,214 sh	107,214	$1.4M	0.01%	0.0%
52	AlpInvest Partners B.V.#52 · 103,330 sh	103,330	$1.4M	2.33%	0.0%
53	Trexquant Investment#53 · 102,776 sh	102,776	$1.4M	<0.01%	New
54	Invesco Ltd.#54 · 101,387 sh	101,387	$1.4M	<0.01%	-67.6%
55	Quantbot Technologies#55 · 95,873 sh	95,873	$1.3M	0.05%	+219.4%
56	Y-Intercept (Hong Kong) Ltd#56 · 87,100 sh	87,100	$1.2M	—	New
57	Aquatic Capital Management#57 · 84,225 sh	84,225	$1.1M	0.04%	New
58	Jain Global#58 · 80,732 sh	80,732	$1.1M	<0.01%	New
59	Engineers Gate Manager#59 · 76,646 sh	76,646	$1.0M	0.01%	+68.8%
60	BANK OF AMERICA#60 · 76,149 sh	76,149	$1.0M	<0.01%	-75.5%
61	Bank of New York Mellon#61 · 73,092 sh	73,092	$987.5K	<0.01%	-44.0%
62	Advisory Services Network#62 · 72,798 sh	72,798	$983.5K	0.01%	New
63	Voleon Capital Management#63 · 69,108 sh	69,108	$933.6K	0.02%	-26.2%
64	Hudson Bay Capital Management#64 · 67,591 sh	67,591	$913.2K	<0.01%	-74.7%
65	Quantinno Capital Management#65 · 66,854 sh	66,854	$903.2K	<0.01%	+222.1%
66	GROUP ONE TRADING, L.P.#66 · 64,194 sh	64,194	$867.3K	<0.01%	-44.4%
67	New Age Alpha Advisors#67 · 63,100 sh	63,100	$852.5K	0.04%	New
68	SUSQUEHANNA FUNDAMENTAL INVESTMENTS#68 · 62,615 sh	62,615	$845.9K	0.02%	New
69	ExodusPoint Capital Management#69 · 60,101 sh	60,101	$812.0K	<0.01%	-68.7%
70	Shay Capital#70 · 60,000 sh	60,000	$810.6K	0.05%	-77.5%
71	Freestone Grove Partners#71 · 56,786 sh	56,786	$767.2K	<0.01%	New
72	Schonfeld Strategic Advisors#72 · 55,610 sh	55,610	$751.3K	<0.01%	+119.6%
73	Rangeley Capital#73 · 55,000 sh	55,000	$743.0K	0.68%	-35.3%
74	TWO SIGMA INVESTMENTS#74 · 53,537 sh	53,537	$723.3K	<0.01%	New
75	Inspire Investing#75 · 51,092 sh	51,092	$690.3K	—	+64.1%
76	Walleye Capital#76 · 50,802 sh	50,802	$686.3K	<0.01%	New
77	ADAR1 Capital Management#77 · 48,241 sh	48,241	$651.7K	0.03%	-38.3%
78	Marble Bar Asset Management LLP#78 · 46,719 sh	46,719	$631.2K	0.44%	New
79	Integrity Financial#79 · 46,008 sh	46,008	$621.6K	0.30%	+38.3%
80	EntryPoint Capital#80 · 45,080 sh	45,080	$609.0K	0.15%	+334.3%
81	Swiss National Bank#81 · 44,300 sh	44,300	$598.5K	<0.01%	+12.4%
82	Steward Partners Investment Advisory#82 · 43,661 sh	43,661	$589.9K	<0.01%	New
83	Verition Fund Management#83 · 43,488 sh	43,488	$587.5K	<0.01%	+130.7%
84	LPL Financial#84 · 42,485 sh	42,485	$574.0K	<0.01%	+0.4%
85	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#85 · 38,427 sh	38,427	$519.1K	<0.01%	-3.1%
86	PRICE T ROWE ASSOCIATES#86 · 36,877 sh	36,877	$499.0K	0.00%	+51.5%
87	INDEPENDENT FINANCIAL GROUP#87 · 35,035 sh	35,035	$473.3K	—	New
88	ALLIANCEBERNSTEIN L.P.#88 · 28,110 sh	28,110	$469.7K	<0.01%	+5.6%
89	Counterpoint Mutual Funds#89 · 33,550 sh	33,550	$453.3K	—	0.0%
90	Entropy Technologies#90 · 30,116 sh	30,116	$406.9K	0.02%	+53.0%
91	WINTON GROUP Ltd#91 · 30,067 sh	30,067	$406.2K	0.01%	New
92	RHUMBLINE ADVISERS#92 · 29,786 sh	29,786	$402.4K	<0.01%	-55.6%
93	Brevan Howard Capital Management#93 · 29,635 sh	29,635	$400.4K	<0.01%	+37.1%
94	Caption Management#94 · 29,571 sh	29,571	$399.5K	<0.01%	+1891.3%
95	HSBC PLC#95 · 28,473 sh	28,473	$380.7K	<0.01%	New
96	FIRST CITIZENS BANK#96 · 26,923 sh	26,923	$363.7K	—	+0.9%
97	CITIGROUP#97 · 26,261 sh	26,261	$354.8K	<0.01%	-78.4%
98	Envestnet Portfolio Solutions#98 · 25,807 sh	25,807	$348.7K	<0.01%	+1.1%
99	PRELUDE CAPITAL MANAGEMENT#99 · 25,735 sh	25,735	$347.7K	0.03%	-27.5%
100	Creative Planning#100 · 24,955 sh	24,955	$337.1K	<0.01%	-26.4%

Funds that sold out of FWRD in Q2 2026 (51)

Held FWRD at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held FWRD in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Irenic Capital Management1,229,819 sh	1,229,819	$20.6M
Paralel Advisors975,000 sh	975,000	$16.3M
Melqart Asset Management (UK) Ltd877,744 sh	877,744	$14.7M
LITTLEJOHN733,261 sh	733,261	$12.3M
ROYCE & ASSOCIATES347,998 sh	347,998	$5.8M
LEUCADIA NATIONAL154,300 sh	154,300	$2.6M
IMC-Chicago111,562 sh	111,562	$1.9M
PRINCIPAL FINANCIAL GROUP108,143 sh	108,143	$1.8M
Susquehanna Portfolio Strategies95,601 sh	95,601	$1.6M
PUBLIC SECTOR PENSION INVESTMENT BOARD79,872 sh	79,872	$1.3M
GSA CAPITAL PARTNERS LLP71,150 sh	71,150	$1.2M
Cambridge Investment Research Advisors50,157 sh	50,157	$838.0K
Swiss Life Asset Management Ltd5,663 sh	5,663	$788.0K
Point72 Asset Management, L.P.46,555 sh	46,555	$777.9K
AMERICAN CENTURY COMPANIES40,390 sh	40,390	$674.9K
AXQ CAPITAL38,397 sh	38,397	$641.6K
AMERIPRISE FINANCIAL36,633 sh	36,633	$612.1K
Walleye Trading26,170 sh	26,170	$437.3K
Toroso Investments21,793 sh	21,793	$364.2K
PRUDENTIAL FINANCIAL21,699 sh	21,699	$362.6K
NEW YORK STATE TEACHERS RETIREMENT SYSTEM20,741 sh	20,741	$347.0K
CenterBook Partners19,664 sh	19,664	$328.6K
FULLER & THALER ASSET MANAGEMENT16,245 sh	16,245	$271.5K
THRIVENT FINANCIAL FOR LUTHERANS14,808 sh	14,808	$247.0K
Headlands Technologies11,706 sh	11,706	$195.6K
State of Alaska, Department of Revenue11,296 sh	11,296	$188.0K
CAXTON ASSOCIATES LLP10,971 sh	10,971	$183.3K
Centiva Capital7,894 sh	7,894	$131.9K
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY5,685 sh	5,685	$95.0K
OREGON PUBLIC EMPLOYEES RETIREMENT FUND5,118 sh	5,118	$85.5K
SRH ADVISORS3,250 sh	3,250	$54.3K
QUADRANT CAPITAL GROUP178 sh	178	$50.5K
Ensign Peak Advisors1,897 sh	1,897	$31.7K
MAI Capital Management313 sh	313	$5.2K
HARBOUR INVESTMENTS200 sh	200	$3.3K
Pinnacle Wealth Planning Services176 sh	176	$2.9K
Larson Financial Group168 sh	168	$2.8K
Sound Income Strategies100 sh	100	$1.7K
Wealth Preservation Advisors69 sh	69	$1.2K
BESSEMER GROUP69 sh	69	$1.0K
Basecamp Wealth Advisors30 sh	30	$501.00
Kilter Group26 sh	26	$435.00
Keating Financial Advisory Services26 sh	26	$434.00
Cedar Mountain Advisors25 sh	25	$418.00
CULLEN/FROST BANKERS16 sh	16	$267.00
FARMERS & MERCHANTS INVESTMENTS15 sh	15	$251.00
Vermillion Wealth Management14 sh	14	$236.00
Stone House Investment Management10 sh	10	$167.00
Ankerstar Wealth9 sh	9	$150.00
SJS Investment Consulting4 sh	4	$67.00
Annis Gardner Whiting Capital Advisors2 sh	2	$34.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.