FWRD
Forward Air Corporation · Industrials · Integrated Freight & Logistics
Momentum inputs (comparable managers):
holder breadth +28.6% ·
share flow -30.0% ·
net new positions +20.0%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 68 | +2 | 18.92M | $255.95M | +12 | −9 |
| Q1 2026 | 68 | -2 | 15.96M | $266.83M | +4 | −6 |
| Q4 2025 | 70 | -1 | 15.99M | $399.74M | +1 | −2 |
| Q3 2025 | 15 | -1 | 10.35M | $265.35M | — | −1 |
| Q2 2025 | 13 | -1 | 8.10M | $198.74M | +1 | −2 |
| Q1 2025 | 11 | -2 | 2.45M | $49.17M | — | −2 |
| Q4 2024 | 13 | +3 | 2.95M | $95.20M | +3 | — |
| Q3 2024 | 9 | +2 | 1.14M | $40.26M | +3 | −1 |
| Q2 2024 | 7 | — | 1.76M | $33.53M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Geode Capital Management ✦ (passive) | 556.23K | -22.6% | $19.69M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 556.23K | -22.6% | $19.69M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 3 | Millennium Management ✦ | 328.49K | +605.8% | $11.63M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | Two Sigma Investments ✦ | 117.93K | -73.8% | $4.17M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 5 | D. E. Shaw & Co. ✦ | 35.01K | -74.2% | $1.24M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 6 | Point72 Asset Management ✦ | 35.00K | -90.6% | $1.24M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 7 | Gotham Asset Management ✦ | 34.81K | New | $1.23M | 0.0% | New | 1 | SEC ↗ |
| 8 | T. Rowe Price ✦ | 21.43K | +1.4% | $759,000 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 7.99K | New | $282,917 | 0.0% | New | 1 | SEC ↗ |
| 10 | AQR Capital Management ✦ | 7.99K | New | $282,917 | 0.0% | New | 1 | SEC ↗ |
| 11 | Citadel Advisors ✦ | 301 | New | $10,655 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Gotham Asset Management | $1.23M | 0.0% |
| AQR Capital Management | $282,917 | 0.0% |
| AQR Capital Management | $282,917 | 0.0% |
| Citadel Advisors | $10,655 | 0.0% |
Exited
| Marshall Wace | $296,816 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 186 holders, 29.27M shares, $479.27M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.