Forward Air Corporation (FWRD) Ownership
FWRD ownership summary
as of October 18, 2026- Institutions
- 97.3% of shares outstanding
- Insiders
- 1.86% of shares outstanding
- Shares outstanding
- 33.8M
- Float
- 27.3M shares available to trade
- Short interest
- 9.45% 2.1M shares short
- Days to cover
- 3.64 short interest down 2.1% vs prior month
- Institutions 97.33%
- Insiders 1.86%
- Other investors 0.81%
FWRD top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Clearlake Capital Group LP | 11.32% | 3.8M | $57.5M | — | June 30, 2026 |
| 2 | BlackRock Inc | 8.21% | 2.8M | $41.7M | −925,487 (−25.0%) | June 30, 2026 |
| 3 | FMR Inc | 5.95% | 2.0M | $30.2M | +921,615 (+84.8%) | June 30, 2026 |
| 4 | Bracebridge Capital, LLC | 4.16% | 1.4M | $21.1M | +1.4M (0.0%) | June 30, 2026 |
| 5 | Vanguard Capital Management, LLC | 3.46% | 1.2M | $17.6M | +142,619 (+13.9%) | June 30, 2026 |
| 6 | Private Management Group Inc | 3.39% | 1.1M | $17.2M | −9,645 (−0.8%) | June 30, 2026 |
| 7 | CIBC World Markets Inc. | 3.17% | 1.1M | $16.1M | +337,866 (+46.0%) | June 30, 2026 |
| 8 | D. E. Shaw & Co LP | 2.96% | 1.0M | $15.0M | +1.0M (0.0%) | June 30, 2026 |
| 9 | HRT FINANCIAL LLC | 2.33% | 786K | $11.8M | +378,769 (+93.0%) | June 30, 2026 |
| 10 | Barclays PLC | 2.09% | 707K | $10.6M | +691,102 (+4,453.6%) | June 30, 2026 |
| 11 | Deutsche Bank AG | 1.82% | 614K | $9.2M | +354,530 (+136.7%) | June 30, 2026 |
| 12 | BNP Paribas Arbitrage, SA | 1.77% | 597K | $9.0M | +116,668 (+24.3%) | June 30, 2026 |
| 13 | Geode Capital Management, LLC | 1.72% | 581K | $8.7M | +29,856 (+5.4%) | June 30, 2026 |
| 14 | State Street Corp | 1.72% | 580K | $8.7M | −473,531 (−45.0%) | June 30, 2026 |
| 15 | Qube Research & Technologies | 1.67% | 565K | $8.5M | +565,049 (0.0%) | June 30, 2026 |
| 16 | Jane Street Group LLC | 1.46% | 492K | $7.4M | −348 (−0.1%) | June 30, 2026 |
| 17 | Morgan Stanley - Brokerage Accounts | 1.38% | 464K | $7.0M | +46,960 (+11.2%) | June 30, 2026 |
| 18 | Charles Schwab Investment Management Inc | 1.26% | 425K | $6.4M | −72,402 (−14.5%) | June 30, 2026 |
| 19 | Millennium Management LLC | 1.25% | 422K | $6.3M | +319,099 (+309.5%) | June 30, 2026 |
| 20 | Timucuan Asset Management Inc/FL | 1.18% | 399K | $6.0M | +398,551 (0.0%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 14 holders added 6.7M shares and 5 cut 1.5M.
FWRD top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Fidelity Value | 4.22% | 1.4M | $21.5M | — | August 31, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 2.63% | 888K | $13.4M | — | August 31, 2026 |
| 3 | iShares Russell 2000 ETF | 1.71% | 577K | $8.7M | −6,656 (−1.1%) | September 30, 2026 |
| 4 | BlackRock Advantage Small Cap Core Instl | 1.11% | 376K | $5.7M | — | August 31, 2026 |
| 5 | Fidelity Value Strategies | 1.01% | 341K | $5.1M | — | August 31, 2026 |
| 6 | Fidelity US All Cap Series F | 0.87% | 294K | $4.4M | — | June 30, 2026 |
| 7 | Fidelity Small Cap Index | 0.75% | 252K | $3.8M | +2,637 (+1.1%) | July 31, 2026 |
| 8 | Xtrackers S&P 500 Swap ETF 1C | 0.72% | 243K | $3.7M | +117,015 (+93.0%) | December 31, 2025 |
| 9 | Schwab Fundamental U.S. Small CompanyETF | 0.72% | 242K | $3.6M | +343 (+0.1%) | September 30, 2026 |
| 10 | iShares Russell 2000 Growth ETF | 0.62% | 210K | $3.2M | −265 (−0.1%) | September 30, 2026 |
| 11 | Fidelity VIP Value Strategies Initial | 0.50% | 167K | $2.5M | — | August 31, 2026 |
| 12 | Schwab US Small-Cap ETF™ | 0.42% | 140K | $2.1M | +90 (+0.1%) | September 30, 2026 |
| 13 | CREF Total Global Stock Account R3 | 0.39% | 133K | $2.0M | +101,501 (+324.8%) | August 31, 2026 |
| 14 | Vanguard Russell 2000 ETF | 0.39% | 131K | $2.0M | −1,579 (−1.2%) | September 30, 2026 |
| 15 | PIMCO RAE US Small Instl | 0.34% | 116K | $1.7M | +9,411 (+8.8%) | June 30, 2026 |
| 16 | Fidelity Extended Market Index | 0.34% | 115K | $1.7M | +4,997 (+4.6%) | August 31, 2026 |
| 17 | State Street® SPDR® S&PTrsptnETF | 0.29% | 98K | $1.5M | −648 (−0.7%) | September 30, 2026 |
| 18 | Invesco RAFI US 1500 Small-Mid ETF | 0.29% | 97K | $1.5M | — | September 30, 2026 |
| 19 | iShares Transportation Average ETF | 0.22% | 73K | $1.1M | +1,050 (+1.5%) | September 30, 2026 |
| 20 | Schwab Fundamental US Small Company Idx | 0.19% | 63K | $946,166 | +9,691 (+18.2%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
FWRD insider transactions
latest 6| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-12 | Cetus Capital Vi, L.P. | Sell | $22.38 | 10,000 | $223,800 |
| 2025-11-11 | Cetus Capital Vi, L.P. | Sell | $21.71 | 67,163 | $1.5M |
| 2025-11-10 | Cetus Capital Vi, L.P. | Sell | $21.83 | 120,000 | $2.6M |
| 2025-11-06 | Cetus Capital Vi, L.P. | Sell | $21.85 | 75,000 | $1.6M |
| 2025-10-20 | Cetus Capital Vi, L.P. | Buy | $17.93 | 225,000 | $4.0M |
| 2025-10-14 | Cetus Capital Vi, L.P. | Sell | $21.42 | 30,000 | $642,600 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
FWRD shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns FWRD
Institutional investors own 97.3% of Forward Air's shares and insiders 1.86%. The largest holder is Clearlake Capital Group LP with 11.32% of the shares (3.8M), as of June 30, 2026. Among the top 20 institutions, 14 added shares and 5 reduced their stake in the latest filings. Short interest is 9.45% of the float, or 3.64 days of average trading volume.
Related: FWRD analyst forecast, FWRD key metrics. See the FWRD stock overview for the latest quote and news.
FWRD ownership FAQ
Who owns the most Forward Air stock?
The largest shareholders of Forward Air are Clearlake Capital Group LP (11.32%), BlackRock Inc (8.21%), FMR Inc (5.95%), Bracebridge Capital, LLC (4.16%), Vanguard Capital Management, LLC (3.46%).
What percentage of Forward Air is owned by institutions?
Institutions hold 97.3% of Forward Air's shares outstanding; insiders hold 1.86%.
Which funds own Forward Air?
The largest fund holders of Forward Air are Fidelity Value (4.22%), Vanguard MStar Total Stk Mkt Idx Invest (2.63%), iShares Russell 2000 ETF (1.71%), BlackRock Advantage Small Cap Core Instl (1.11%), Fidelity Value Strategies (1.01%).
What is Forward Air's short interest?
2.1M shares of Forward Air were sold short, 9.45% of the float; at the average daily volume it would take 3.64 days to cover.
Are insiders buying or selling Forward Air?
Of the latest 6 reported insider transactions in Forward Air (since October 14, 2025), 1 were purchases and 5 were sales.
How many shares of Forward Air are outstanding?
Forward Air has 33.8M shares outstanding, of which 27.3M are in the public float.