FWRD
Forward Air Corporation · Industrials · Integrated Freight & Logistics
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow +30.0% ·
net new positions +20.0%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 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 | State Street Global Advisors ✦ (passive) | 1.00M | — | $32.32M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 553.14K | -0.6% | $17.84M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 553.14K | -0.6% | $17.84M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 4 | Point72 Asset Management ✦ | 463.60K | +1224.6% | $14.95M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | Adage Capital Partners ✦ | 285.20K | New | $9.20M | 0.0% | New | 1 | SEC ↗ |
| 6 | Millennium Management ✦ | 204.52K | -37.7% | $6.60M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 7 | Renaissance Technologies ✦ | 195.04K | New | $6.29M | 0.0% | New | 1 | SEC ↗ |
| 8 | Two Sigma Investments ✦ | 120.27K | +2.0% | $3.88M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | Gotham Asset Management ✦ | 46.20K | +32.7% | $1.49M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | Marshall Wace ✦ | 38.52K | New | $1.24M | 0.0% | New | 1 | SEC ↗ |
| 11 | Marshall Wace ✦ | 38.52K | New | $1.24M | 0.0% | New | 1 | SEC ↗ |
| 12 | Marshall Wace ✦ | 38.52K | New | $1.24M | 0.0% | New | 1 | SEC ↗ |
| 13 | T. Rowe Price ✦ | 22.95K | +7.1% | $741,000 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | D. E. Shaw & Co. ✦ | 10.63K | -69.6% | $342,979 | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 15 | AQR Capital Management ✦ | 9.36K | +17.1% | $301,699 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 16 | AQR Capital Management ✦ | 9.36K | +17.1% | $301,699 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 17 | Citadel Advisors ✦ | 1 | -99.7% | $32 | 0.0% | ▼ Trim | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Adage Capital Partners | $9.20M | 0.0% |
| Renaissance Technologies | $6.29M | 0.0% |
| Marshall Wace | $1.24M | 0.0% |
| Marshall Wace | $1.24M | 0.0% |
| Marshall Wace | $1.24M | 0.0% |
Exited
| No tracked exits this quarter. |
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.