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 Sep 30, 2025
Ownership Breakdown
227
Institutional Holders
▲ 31 vs Q2
$873.91M
Total Inst. Value
▲ $69.43M vs Q2
31.63M
Shares Outstanding
freeFloat 77.75%
34.05M
13F Shares Held
▲ 1.30M vs Q2
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
Q3 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 | 12.57% | 12.57% | $98.07B | Nov 14, 2025 | — held |
BLACKROCK, INC. arrangement of transportation of freight & cargo | 3.22M | 10.59% | 10.59% | $82.60B | Nov 12, 2025 | ▼ 122.9K |
LITTLEJOHN & CO LLC arrangement of transportation of freight & cargo | 2.75M | 9.05% | 9.05% | $70.57B | Nov 12, 2025 | ▼ 169.4K |
VANGUARD GROUP INC arrangement of transportation of freight & cargo | 2.35M | 7.73% | 7.73% | $60.35B | Nov 7, 2025 | ▲ 307.9K |
RIDGEMONT PARTNERS MANAGEMENT, LLC arrangement of transportation of freight & cargo | 1.94M | 6.37% | 6.37% | $49.68B | Oct 16, 2025 | ▲ 13.9K |
ANCORA ADVISORS, LLC arrangement of transportation of freight & cargo | 1.48M | 4.85% | 4.85% | $37.82B | Nov 14, 2025 | ▲ 116.0K |
IRENIC CAPITAL MANAGEMENT LP arrangement of transportation of freight & cargo | 1.23M | 4.04% | 4.04% | $31.53B | Nov 14, 2025 | ▲ 100 |
PARALEL ADVISORS LLC arrangement of transportation of freight & cargo | 975.0K | 3.20% | 3.20% | $25.00B | Nov 4, 2025 | — held |
J. GOLDMAN & CO LP arrangement of transportation of freight & cargo | 955.6K | 3.14% | 3.14% | $24.50B | Nov 14, 2025 | ▲ 29.1K |
PRIVATE MANAGEMENT GROUP INC arrangement of transportation of freight & cargo | 936.5K | 3.08% | 3.08% | $24.01B | Nov 13, 2025 | ▼ 109.7K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
21
Increased
+2.82M shares8
New Positions
first time holders18
Decreased
−1.68M shares0
Sold Out
fully exitedNet shares change (top 50)
+1.14M
+2.82M / −1.68M
Net new holders
+11
8 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 12.57% of outstanding shares — as of September 30, 2025.
A total of 227 institutional investors currently hold FWRD stock, with a combined institutional value of approximately $873,912,999 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 12.57% stake. Company insiders hold 22.25%. Data sourced from SEC Form 13F as of September 30, 2025.