DaveManuel.com · Institutional Ownership · Who Owns It
FORWARD AIR CORP (FWRD)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
190
Reporting holders
$441.6M
Reported value
90.2%
Of shares outstanding
6.2%
Calls
0.5%
Puts
-4
Holder change
Institutions report 30,469,761 shares against 33,780,862 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| CLEARLAKE CAPITAL GROUP, L.P. | $51.7M | 3,825,000 | 9.78% | 5q | HELD |
| BlackRock, Inc. | $37.5M | 2,774,600 | 0.00% | 5q | -25.0%-$12.5M |
| FMR LLC | $27.1M | 2,008,264 | 0.00% | 5q | +84.8%+$12.5M |
| Bracebridge Capital, LLC | $19.0M | 1,404,913 | 0.34% | new | NEW |
| VANGUARD CAPITAL MANAGEMENT LLC | $15.8M | 1,169,316 | 0.00% | 2q | +13.9%+$1.9M |
| PRIVATE MANAGEMENT GROUP INC | $15.5M | 1,145,760 | 0.41% | 5q | -0.8%-$130.3K |
| D. E. Shaw & Co., Inc. | $14.9M incl. $1.3M options CALL+PUT | 1,000,105 | 0.01% | 5q | HELD |
| CIBC WORLD MARKET INC. | $14.5M | 1,072,138 | 0.02% | 5q | +46.0%+$4.6M |
| JANE STREET GROUP, LLC | $11.1M incl. $4.4M options CALL+PUT | 492,458 | 0.00% | 5q | HELD |
| HRT FINANCIAL LP | $10.6M | 785,954 | 0.02% | 5q | +93.0%+$5.1M |
| BARCLAYS PLC | $9.5M | 706,620 | 0.00% | 5q | +4453.6%+$9.3M |
| GOLDMAN SACHS GROUP INC | $8.3M incl. $4.9M options CALL | 253,258 | 0.00% | 5q | -1.9%-$158.8K |
| DEUTSCHE BANK AG\ | $8.3M | 613,841 | 0.00% | 4q | +136.7%+$4.8M |
| BNP PARIBAS FINANCIAL MARKETS | $8.1M | 596,864 | 0.00% | 5q | +24.3%+$1.6M |
| GEODE CAPITAL MANAGEMENT, LLC | $7.9M | 581,416 | 0.00% | 5q | +5.4%+$403.4K |
| STATE STREET CORP | $7.8M | 579,828 | 0.00% | 5q | -45.0%-$6.4M |
| Qube Research & Technologies Ltd | $7.6M | 565,049 | 0.01% | new | NEW |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6.3M incl. $3.8M options CALL+PUT | 185,224 | 0.00% | 5q | +31.4%+$1.5M |
| MORGAN STANLEY | $6.3M | 464,489 | 0.00% | 5q | +11.2%+$634.4K |
| CITADEL ADVISORS LLC | $6.0M incl. $3.4M options CALL+PUT | 186,574 | 0.00% | 5q | -55.1%-$7.3M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5.7M | 425,287 | 0.00% | 5q | -14.5%-$978.2K |
| MILLENNIUM MANAGEMENT LLC | $5.7M | 422,193 | 0.00% | 5q | +309.5%+$4.3M |
| TIMUCUAN ASSET MANAGEMENT INC/FL | $5.4M | 398,551 | 0.20% | new | NEW |
| GROUP ONE TRADING LLC | $4.8M incl. $3.9M options CALL+PUT | 64,194 | 0.01% | 5q | -44.4%-$3.8M |
| Diameter Capital Partners LP | $4.7M | 350,000 | 0.38% | new | NEW |
| TUDOR INVESTMENT CORP ET AL | $4.6M | 343,130 | 0.01% | 5q | +627.5%+$4.0M |
| Jump Financial, LLC | $4.2M | 312,046 | 0.03% | 5q | +58.6%+$1.6M |
| DIMENSIONAL FUND ADVISORS LP | $4.1M | 300,403 | 0.00% | 5q | -5.8%-$249.4K |
| JPMORGAN CHASE & CO | $4.0M | 274,517 | 0.00% | 5q | +90.4%+$1.9M |
| Mill Road Capital Management LLC | $3.9M | 292,250 | 1.95% | 4q | +28.9%+$884.9K |
| MARSHALL WACE, LLP | $3.4M | 248,387 | 0.00% | new | NEW |
| NORTHERN TRUST CORP | $3.0M | 221,136 | 0.00% | 5q | +0.6%+$18.2K |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | $3.0M | 221,124 | 0.19% | new | NEW |
| UBS Group AG | $2.8M | 210,146 | 0.00% | 5q | -72.2%-$7.4M |
| XTX Topco Ltd | $2.6M | 195,817 | 0.03% | 4q | +371.8%+$2.1M |
| Squarepoint Ops LLC | $2.6M | 194,766 | 0.00% | 5q | +12.7%+$296.0K |
| LMR Partners LLP | $2.6M | 192,663 | 0.01% | new | NEW |
| RENAISSANCE TECHNOLOGIES LLC | $2.6M | 190,739 | 0.00% | 2q | -9.8%-$281.0K |
| Diametric Capital, LP | $2.6M | 189,478 | 0.27% | 5q | +35.1%+$664.4K |
| Monarch Alternative Capital LP | $2.6M | 189,000 | 0.36% | new | NEW |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.5M | 185,756 | 0.00% | 2q | -79.3%-$9.6M |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $2.4M | 177,069 | 0.00% | 5q | -36.1%-$1.4M |
| Allianz Asset Management GmbH | $2.4M | 176,225 | 0.00% | 4q | +17.2%+$348.8K |
| VANGUARD FIDUCIARY TRUST CO | $2.2M | 165,204 | 0.00% | 2q | +9.3%+$190.0K |
| Balyasny Asset Management L.P. | $2.1M | 156,471 | 0.00% | new | NEW |
| Point72 Asset Management, L.P. | $2.0M CALL | options only | 0.00% | 2q | OPTIONS |
| AQR CAPITAL MANAGEMENT LLC | $2.0M | 149,756 | 0.00% | 2q | +174.1%+$1.3M |
| Nuveen, LLC | $2.0M | 149,690 | 0.00% | 5q | +86.7%+$939.4K |
| PDT Partners, LLC | $2.0M | 146,107 | 0.10% | 3q | -22.7%-$581.2K |
| NORGES BANK | $2.0M | 145,300 | 0.00% | new | NEW |
| Verition Fund Management LLC | $1.9M incl. $1.4M options CALL | 43,488 | 0.01% | 5q | +130.7%+$1.1M |
| SIMPLEX TRADING, LLC | $1.7M incl. $1.5M options CALL+PUT | 12,270 | 0.00% | 5q | -30.3%-$733.3K |
| Prescott Group Capital Management, L.L.C. | $1.7M | 123,897 | 0.14% | 5q | +182.2%+$1.1M |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1.7M | 122,703 | 0.01% | new | NEW |
| Caption Management, LLC | $1.5M incl. $1.1M options CALL | 29,571 | 0.01% | 3q | +1891.3%+$1.5M |
| Carlyle Group Inc. | $1.4M | 107,214 | 0.01% | 5q | HELD |
| AlpInvest Partners B.V. | $1.4M | 103,330 | 2.33% | 5q | HELD |
| Trexquant Investment LP | $1.4M | 102,776 | 0.01% | new | NEW |
| Invesco Ltd. | $1.4M | 101,387 | 0.00% | 5q | -67.6%-$2.9M |
| Quantbot Technologies LP | $1.3M | 95,873 | 0.05% | 5q | +219.4%+$889.7K |
| Y-Intercept (Hong Kong) Ltd | $1.2M | 87,100 | 0.02% | new | NEW |
| Aquatic Capital Management LLC | $1.1M | 84,225 | 0.04% | new | NEW |
| Jain Global LLC | $1.1M | 80,732 | 0.00% | new | NEW |
| Advisory Services Network, LLC | $1.0M incl. $66.2K options CALL | 72,798 | 0.01% | new | NEW |
| Walleye Trading LLC | $1.0M CALL+PUT | options only | 0.00% | 5q | OPTIONS |
| Engineers Gate Manager LP | $1.0M | 76,646 | 0.01% | 2q | +68.8%+$422.1K |
| BANK OF AMERICA CORP /DE/ | $1.0M | 76,149 | 0.00% | 5q | -75.5%-$3.2M |
| Rangeley Capital, LLC | $1.0M incl. $271.6K options CALL | 55,000 | 0.93% | 4q | -35.3%-$553.4K |
| Bank of New York Mellon Corp | $987.5K | 73,092 | 0.00% | 5q | -44.0%-$775.1K |
| Voleon Capital Management LP | $933.6K | 69,108 | 0.02% | 2q | -26.2%-$331.8K |
| Hudson Bay Capital Management LP | $913.2K | 67,591 | 0.00% | 5q | -74.7%-$2.7M |
| Quantinno Capital Management LP | $903.2K | 66,854 | 0.00% | 5q | +222.1%+$622.8K |
| New Age Alpha Advisors, LLC | $852.5K | 63,100 | 0.04% | new | NEW |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $845.9K | 62,615 | 0.02% | new | NEW |
| ExodusPoint Capital Management, LP | $812.0K | 60,101 | 0.01% | 3q | -68.7%-$1.8M |
| Shay Capital LLC | $810.6K | 60,000 | 0.05% | 5q | -77.5%-$2.8M |
| Walleye Capital LLC | $797.1K incl. $110.8K options CALL+PUT | 50,802 | 0.00% | new | NEW |
| Freestone Grove Partners LP | $767.2K | 56,786 | 0.00% | new | NEW |
| Schonfeld Strategic Advisors LLC | $751.3K | 55,610 | 0.00% | 2q | +119.6%+$409.1K |
| TWO SIGMA INVESTMENTS, LP | $723.3K | 53,537 | 0.00% | new | NEW |
| Inspire Investing, LLC | $690.3K | 51,092 | 0.03% | 5q | +64.1%+$269.6K |
| ADAR1 Capital Management, LLC | $651.7K | 48,241 | 0.03% | 3q | -38.3%-$405.3K |
| Marble Bar Asset Management LLP | $631.2K | 46,719 | 0.44% | new | NEW |
| Integrity Financial Corp /WA | $621.6K | 46,008 | 0.30% | 4q | +38.3%+$172.1K |
| EntryPoint Capital, LLC | $609.0K | 45,080 | 0.15% | 2q | +334.3%+$468.8K |
| Swiss National Bank | $598.5K | 44,300 | 0.00% | 5q | +12.4%+$66.2K |
| Steward Partners Investment Advisory, LLC | $589.9K | 43,661 | 0.00% | 5q | +30220.1%+$587.9K |
| LPL Financial LLC | $574.0K | 42,485 | 0.00% | 5q | HELD |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $519.1K | 38,427 | 0.00% | 5q | -3.1%-$16.8K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $499.0K | 36,877 | 0.00% | 5q | +51.5%+$169.6K |
| INDEPENDENT FINANCIAL GROUP, LLC | $473.3K | 35,035 | 0.01% | 5q | HELD |
| ALLIANCEBERNSTEIN L.P. | $469.7K | 28,110 | 0.00% | 5q | +5.6%+$24.7K |
| Counterpoint Mutual Funds LLC | $453.3K | 33,550 | 0.04% | 4q | HELD |
| Entropy Technologies, LP | $406.9K | 30,116 | 0.02% | 3q | +53.0%+$141.0K |
| WINTON GROUP Ltd | $406.2K | 30,067 | 0.01% | new | NEW |
| RHUMBLINE ADVISERS | $402.4K | 29,786 | 0.00% | 5q | -55.6%-$504.2K |
| Brevan Howard Capital Management LP | $400.4K | 29,635 | 0.00% | 4q | +37.1%+$108.3K |
| HSBC HOLDINGS PLC | $380.7K | 28,473 | 0.00% | new | NEW |
| FIRST CITIZENS BANK & TRUST CO | $363.7K | 26,923 | 0.01% | 5q | +0.9%+$3.3K |
| CITIGROUP INC | $354.8K | 26,261 | 0.00% | 5q | -78.4%-$1.3M |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-10-27 | 13G/A | BlackRock, Inc. | 4.9% |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 25 | $3.9M | 254,335 | 4 | 5 | 8 | 0.0% |
| Q2 2026 | 190 | $441.6M | 30,469,761 | 43 | 66 | 47 | 6.7% |
| Q1 2026 | 194 | $527.5M | 29,452,733 | 21 | 71 | 51 | 6.5% |
| Q4 2025 | 203 | $824.0M | 29,749,407 | 26 | 72 | 61 | 9.6% |
| Q3 2025 | 206 | $948.5M | 34,553,899 | 42 | 67 | 56 | 6.5% |
| Q2 2025 | 184 | $833.0M | 33,084,871 | 187 | 0 | 2 | 2.5% |
| Q1 2025 | 199 | $725.1M | 33,393,889 | 25 | 55 | 68 | 7.3% |
| Q4 2024 | 215 | $1.1B | 33,161,344 | 32 | 63 | 64 | 4.4% |
| Q3 2024 | 210 | $1.3B | 33,289,282 | 47 | 44 | 83 | 12.3% |
| Q2 2024 | 196 | $658.7M | 33,446,624 | 40 | 72 | 60 | 3.3% |
| Q1 2024 | 230 | $1.0B | 31,473,548 | 50 | 95 | 60 | 4.4% |
| Q4 2023 | 267 | $1.7B | 26,662,802 | 39 | 89 | 85 | 3.8% |
| Q3 2023 | 256 | $1.8B | 25,559,932 | 65 | 78 | 89 | 3.2% |
| Q2 2023 | 247 | $2.7B | 25,224,222 | 23 | 68 | 110 | 1.0% |
| Q1 2023 | 257 | $2.8B | 26,189,163 | 28 | 77 | 101 | 0.0% |
| Q4 2022 | 276 | $2.7B | 25,915,636 | 42 | 82 | 94 | 0.1% |
| Q3 2022 | 240 | $2.8B | 30,975,657 | 22 | 92 | 74 | 0.7% |
| Q2 2022 | 238 | $3.5B | 38,349,852 | 27 | 87 | 76 | 0.0% |
| Q1 2022 | 239 | $4.4B | 45,400,467 | 30 | 78 | 86 | 0.0% |
| Q4 2021 | 238 | $6.6B | 54,799,062 | 41 | 56 | 85 | 0.1% |
| Q3 2021 | 213 | $4.1B | 49,446,046 | 15 | 55 | 91 | 0.0% |
| Q2 2021 | 217 | $4.6B | 50,362,082 | 26 | 68 | 81 | 0.8% |
| Q1 2021 | 201 | $4.5B | 50,299,633 | 23 | 55 | 77 | 0.0% |
| Q4 2020 | 196 | $3.9B | 50,849,195 | 19 | 49 | 87 | 0.0% |
| Q3 2020 | 193 | $2.8B | 47,906,841 | 22 | 50 | 82 | 0.1% |
| Q2 2020 | 203 | $2.5B | 51,148,988 | 26 | 64 | 80 | 0.1% |
| Q1 2020 | 214 | $3.4B | 66,585,797 | 22 | 75 | 76 | 0.1% |
| Q4 2019 | 232 | $2.8B | 39,507,297 | 26 | 71 | 77 | 0.0% |
| Q3 2019 | 221 | $2.5B | 39,454,791 | 23 | 52 | 87 | 0.1% |
| Q2 2019 | 227 | $3.2B | 53,643,460 | 29 | 75 | 70 | 0.0% |
| Q1 2019 | 228 | $3.4B | 53,115,348 | 39 | 74 | 73 | 0.0% |
| Q4 2018 | 210 | $3.0B | 54,205,551 | 2 | 4 | 3 | 0.0% |