Forward Air Ownership | Who Owns Forward Air?

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Forward Air Ownership Summary

Forward Air is owned by 44.84% institutional investors, 1.99% insiders, and 53.17% retail investors. Blackrock is the largest institutional shareholder, holding 17.25% of FWRD shares. iShares Core S&P Small-Cap ETF is the top mutual fund, with 4.32% of its assets in Forward Air shares.

FWRD Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Forward Air	44.84%	1.99%	53.17%
Sector	Industrials Stocks	47.66%	12.52%	39.82%
Industry	Logistics Stocks	39.62%	11.90%	48.48%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock	4.53M	17.25%	$86.24M
Clearlake capital group	3.83M	12.57%	$98.07M
Blackrock funding, inc. /de	3.40M	10.98%	$85.02M
Littlejohn	2.43M	7.83%	$60.66M
Vanguard group	2.34M	7.56%	$58.56M
Ridgemont partners management	1.94M	6.37%	$49.68M
Ancora advisors	1.48M	4.85%	$37.82M
Irenic capital management lp	1.23M	4.04%	$31.53M
Paralel advisors	975.00K	3.15%	$24.38M
J. goldman & co lp	955.64K	3.14%	$24.50M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Ridgemont partners management	1.94M	100.00%	$49.68M
Littlejohn	2.43M	31.60%	$60.66M
Clearlake capital group	3.83M	9.16%	$98.07M
Alpinvest partners b.v.	103.33K	4.65%	$2.98M
Irenic capital management lp	1.23M	3.30%	$31.53M
Mill road capital management	127.65K	1.70%	$3.27M
Psquared asset management	69.30K	1.41%	$1.78M
Union square park capital management	150.00K	1.37%	$3.85M
Melqart asset management (uk)	382.39K	1.31%	$9.80M
Paralel advisors	975.00K	0.95%	$24.38M

Top Buyers

Holder	Shares	% Assets	Change
Bank of america corp /de/	694.88K	0.00%	534.54K
Melqart asset management (uk)	382.39K	1.31%	382.39K
Deutsche bank ag\	281.80K	0.00%	249.79K
Bnp paribas arbitrage, snc	404.71K	0.00%	208.10K
Walleye capital	189.16K	0.02%	189.16K

Top Sellers

Holder	Shares	% Assets	Change
Pacer advisors	-	-	-2.13M
Scopus asset management	-	-	-1.30M
Mfn partners management, lp	-	-	-1.29M
Goldentree asset management lp	-	-	-712.67K
Alta fox capital management	-	-	-692.14K

New Positions

Holder	Shares	% Assets	Change	Value
Melqart asset management (uk)	382.39K	1.31%	382.39K	$9.80M
Walleye capital	189.16K	0.02%	189.16K	$4.85M
Tig advisors	134.80K	0.21%	134.80K	$3.46M
Mill road capital management	127.65K	1.70%	127.65K	$3.27M
Psquared asset management	69.30K	1.41%	69.30K	$1.78M

Sold Out

Holder	Change
Dinuzzo private wealth	-1.00
Tfo-tdc	-1.00
Sjs investment consulting	-1.00
Advisor group	-3.00
Mendota financial group	-3.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	89	-60.09%	13,887,014	-59.18%	44	0.36%	43	-61.26%	27	-55.74%
Sep 30, 2025	95	-51.03%	16,169,195	-50.58%	53	0.46%	51	-45.74%	25	-56.14%
Jun 30, 2025	5	-97.69%	13,391	-99.96%	-	0.00%	2	-97.56%	1	-98.63%
Mar 31, 2025	18	-92.21%	6,238,263	-81.19%	20	0.15%	8	-92.66%	3	-95.24%
Dec 31, 2024	100	-57.63%	14,179,348	-56.96%	50	0.36%	50	-46.24%	27	-68.60%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
iShares Core S&P Small-Cap ETF	1.35M	4.32%	-710.88K
SRH Total Return Fund	975.00K	3.12%	-
Vanguard Total Stock Mkt Idx Inv	917.55K	2.94%	-
Fidelity Value	899.20K	2.88%	-
Vanguard US Total Market Shares ETF	776.69K	2.55%	-
Federated Hermes MDT SCC Institutional	456.50K	1.65%	402.13K
Federated Hermes MDT Small Cap Core IS	456.50K	1.65%	402.13K
iShares Russell 2000 ETF	510.48K	1.63%	-60.01K
Vanguard Small Cap Index	336.92K	1.08%	-403.00
Penn Capital Small Cap Equity	285.87K	0.94%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Nov 06, 2025	Cetus Capital VI, L.P.	-	Sell	$6.36K
Nov 06, 2025	Cetus Capital VI, L.P.	-	Sell	$1.63M
Oct 20, 2025	Cetus Capital VI, L.P.	-	Buy	$3.85M
Oct 20, 2025	Cetus Capital VI, L.P.	-	Buy	$188.60K
Nov 10, 2025	Cetus Capital VI, L.P.	-	Sell	$1.94M

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	-
2025 Q4	-	-
2025 Q3	-	-
2025 Q2	-	-
2025 Q1	-	-

FWRD Ownership FAQ

Who Owns Forward Air?

Forward Air shareholders are primarily institutional investors at 44.84%, followed by 1.99% insiders and 53.17% retail investors. The average institutional ownership in Forward Air's industry, Logistics Stocks, is 39.62%, which Forward Air exceeds.

Who owns the most shares of Forward Air?

Forward Air’s largest shareholders are Blackrock (4.53M shares, 17.25%), Clearlake capital group (3.82M shares, 12.57%), and Blackrock funding, inc. /de (3.4M shares, 10.98%). Together, they hold 40.80% of Forward Air’s total shares outstanding.

Does Blackrock own Forward Air?

Yes, BlackRock owns 17.25% of Forward Air, totaling 4.53M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 86.24M$. In the last quarter, BlackRock decreased its holdings by -156K shares, a -3.32% change.

Who is Forward Air’s biggest shareholder by percentage of total assets invested?

Ridgemont partners management is Forward Air’s biggest shareholder by percentage of total assets invested, with 100.00% of its assets in 1.94M Forward Air shares, valued at 49.68M$.

Who is the top mutual fund holder of Forward Air shares?

iShares Core S&P Small-Cap ETF is the top mutual fund holder of Forward Air shares, with 4.32% of its total shares outstanding invested in 1.35M Forward Air shares.

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