Forward Air Ownership | Who Owns Forward Air?

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Forward Air Ownership Summary

Forward Air is owned by 89.73% institutional investors, 1.81% insiders, and 8.45% 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 4.20% of its assets in Forward Air shares.

FWRD Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Forward Air	89.73%	1.81%	8.45%
Sector	Industrials Stocks	49.61%	15.69%	34.70%
Industry	Logistics Stocks	29.44%	21.19%	49.37%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock	4.53M	17.25%	$86.24M
Clearlake capital group	3.83M	12.35%	$63.92M
Blackrock funding, inc. /de	3.70M	11.95%	$61.83M
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
Private management group	1.16M	3.73%	$19.31M
Fmr	1.09M	3.51%	$18.16M
State street	1.05M	3.40%	$17.60M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Ridgemont partners management	1.94M	100.00%	$49.68M
Littlejohn	733.26K	11.60%	$12.25M
Clearlake capital group	3.83M	9.39%	$63.92M
Alpinvest partners b.v.	103.33K	3.47%	$1.73M
Irenic capital management lp	1.23M	3.30%	$31.53M
Mill road capital management	226.75K	1.99%	$3.79M
Melqart asset management (uk)	877.74K	1.45%	$14.67M
Rangeley capital	85.00K	1.38%	$1.42M
Union square park capital management	150.00K	1.37%	$3.85M
Ancora advisors	1.48M	0.76%	$37.82M

Top Buyers

Holder	Shares	% Assets	Change
Bank of america corp /de/	694.88K	0.00%	534.54K
Blackrock funding, inc. /de	3.70M	0.00%	299.28K
Ubs group	755.97K	0.00%	264.13K
Hrt financial lp	407.19K	0.02%	254.80K
Private management group	1.16M	0.56%	226.60K

Top Sellers

Holder	Shares	% Assets	Change
Pacer advisors	-	-	-2.13M
Littlejohn	733.26K	11.60%	-1.69M
Scopus asset management	-	-	-1.30M
Mfn partners management, lp	-	-	-1.29M
Goldentree asset management lp	-	-	-712.67K

New Positions

Holder	Shares	% Assets	Change	Value
Renaissance	211.54K	0.01%	211.54K	$3.53M
Vanguard fiduciary trust	151.14K	0.00%	151.14K	$2.53M
Tig advisors	134.80K	0.21%	134.80K	$3.46M
Imc-chicago	111.56K	0.00%	111.56K	$1.86B
Voleon capital management lp	93.67K	0.03%	93.67K	$1.57M

Sold Out

Holder	Change
Dinuzzo private wealth	-1.00
Tfo-tdc	-1.00
Mendota financial group	-3.00
Abound wealth management	-4.00
Nelson, van denburg & campbell wealth management group	-5.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Mar 31, 2026	198	-9.59%	27,792,210	-6.56%	89	0.97%	94	-6.93%	53	-23.19%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
iShares Core S&P Small-Cap ETF	1.36M	4.20%	354.00
Fidelity Value	1.02M	3.15%	122.40K
SRH Total Return Fund	975.00K	3.09%	-
Vanguard US Total Market Shares ETF	776.69K	2.55%	-
Vanguard Total Stock Mkt Idx Inv	784.87K	2.48%	34.00K
Federated Hermes MDT Small Cap Core IS	456.50K	1.65%	402.13K
Federated Hermes MDT SCC Institutional	456.50K	1.65%	402.13K
iShares Russell 2000 ETF	513.03K	1.58%	4.32K
Fidelity Advisor Multi-Asset Income I	365.70K	1.13%	170.36K
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 Q2	-	-
2026 Q1	-	-
2025 Q4	-	-
2025 Q3	-	-
2025 Q2	-	-

FWRD Ownership FAQ

Who Owns Forward Air?

Forward Air shareholders are primarily institutional investors at 89.73%, followed by 1.81% insiders and 8.46% retail investors. The average institutional ownership in Forward Air's industry, Logistics Stocks, is 29.44%, 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, 12.35%), and Blackrock funding, inc. /de (3.7M shares, 11.95%). Together, they hold 41.54% 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 4.20% of its total shares outstanding invested in 1.36M Forward Air shares.

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