Forward Air Corporation
Forward Air Corporation (FWRD) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · FWRD · as of Mar 31, 2025
Ownership Breakdown
218
Institutional Holders
▼ 13 vs Q4
$672.36M
Total Inst. Value
▼ $397.77M vs Q4
31.63M
Shares Outstanding
freeFloat 77.75%
33.43M
13F Shares Held
▲ 257,453 vs Q4
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
FWRD largest shareholders · institutional ownership
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
CLEARLAKE CAPITAL GROUP, L.P. arrangement of transportation of freight & cargo | 3.83M | 12.67% | 12.67% | $76.84B | May 15, 2025 | — held |
BLACKROCK, INC. arrangement of transportation of freight & cargo | 3.36M | 11.14% | 11.14% | $67.55B | May 2, 2025 | ▼ 117.7K |
LITTLEJOHN & CO LLC arrangement of transportation of freight & cargo | 2.81M | 9.32% | 9.32% | $56.54B | May 13, 2025 | ▲ 1.16M |
VANGUARD GROUP INC arrangement of transportation of freight & cargo | 2.05M | 6.79% | 6.79% | $41.19B | May 9, 2025 | ▲ 6.7K |
RIDGEMONT PARTNERS MANAGEMENT, LLC arrangement of transportation of freight & cargo | 1.91M | 6.33% | 6.33% | $38.38B | Apr 11, 2025 | — held |
ANCORA ADVISORS, LLC arrangement of transportation of freight & cargo | 1.23M | 4.08% | 4.08% | $24.72B | May 15, 2025 | ▲ 275.5K |
IRENIC CAPITAL MANAGEMENT LP arrangement of transportation of freight & cargo | 1.23M | 4.07% | 4.07% | $24.71B | May 15, 2025 | — held |
PARALEL ADVISORS LLC arrangement of transportation of freight & cargo | 975.0K | 3.23% | 3.23% | $19.59B | May 14, 2025 | ▲ 225.0K |
STATE STREET CORP arrangement of transportation of freight & cargo | 965.8K | 3.20% | 3.20% | $19.40B | May 15, 2025 | ▼ 36.4K |
PRIVATE MANAGEMENT GROUP INC arrangement of transportation of freight & cargo | 962.6K | 3.19% | 3.19% | $19.34B | May 7, 2025 | ▼ 5.0K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
27
Increased
+4.69M shares7
New Positions
first time holders11
Decreased
−775.4K shares0
Sold Out
fully exitedNet shares change (top 50)
+3.92M
+4.69M / −775.4K
Net new holders
+23
7 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
FWRD insider trading · insider activity
Source: SEC Form 4
0
Buy transactions
1
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Stewart Shawn Chief Executive Officer | Apr 29, 2026 | Tax Withhold | 4,136 | $21.51 | $89.0K | 144.0K | Form 4 ↗ |
OSBORNE TIMOTHY R Executive VP of Operations | Mar 15, 2026 | Tax Withhold | 2,109 | $16.05 | $33.8K | 24.3K | Form 4 ↗ |
OSBORNE TIMOTHY R Executive VP of Operations | Mar 15, 2026 | Tax Withhold | 483 | $16.05 | $7.8K | 23.8K | Form 4 ↗ |
Hance Michael L CLO and Secretary | Mar 15, 2026 | Tax Withhold | 4,868 | $16.05 | $78.1K | 91.4K | Form 4 ↗ |
Hance Michael L CLO and Secretary | Mar 15, 2026 | Tax Withhold | 869 | $16.05 | $13.9K | 90.5K | Form 4 ↗ |
Pierson Jamie G. CFO | Mar 16, 2026 | Award | 5,732 | — | — | 91.9K | Form 4 ↗ |
Stewart Shawn Chief Executive Officer | Mar 16, 2026 | Award | 18,692 | — | — | 148.2K | Form 4 ↗ |
Stewart Shawn Chief Executive Officer | Feb 19, 2026 | Award | 43,197 | — | — | 132.7K | Form 4 ↗ |
Stewart Shawn Chief Executive Officer | Feb 19, 2026 | Tax Withhold | 3,214 | $27.78 | $89.3K | 129.5K | Form 4 ↗ |
Pierson Jamie G. CFO | Feb 19, 2026 | Award | 20,698 | — | — | 87.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Forward Air Corporation (FWRD) is primarily owned by institutional investors, who hold approximately 100.0% of total shares outstanding. Company insiders own approximately 22.25%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of Forward Air Corporation is CLEARLAKE CAPITAL GROUP, L.P., holding approximately 3.83 million shares — equal to 12.67% of outstanding shares — as of March 31, 2025.
A total of 218 institutional investors currently hold FWRD stock, with a combined institutional value of approximately $672,358,141 as of the most recent 13F filing period.
Frequently asked questions
FWRD ownershipForward Air Corporation (FWRD) is primarily owned by institutional investors, who hold approximately 100.0% of shares. The largest shareholder is CLEARLAKE CAPITAL GROUP, L.P. with a 12.67% stake. Company insiders hold 22.25%. Data sourced from SEC Form 13F as of March 31, 2025.