Vault-13

FORWARD AIR CORP FWRD

COM · Common Stock · CUSIP 349853101

2 institutional holders +1 vs Q4 2025
3,0013.0k shares reported held*
$50.1kreported value*
1 new 0 added 0 reduced 0 sold out net bought ≈ $55.1k (+3.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $16.71.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 247Q4 22: 276Q1 23: 260Q2 23: 246Q3 23: 254Q4 23: 266Q1 24: 228Q2 24: 194Q3 24: 210Q4 24: 212Q1 25: 195Q2 25: 4Q3 25: 1Q4 25: 1Q1 26: 22Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022247
Q4 2022276
Q1 2023260
Q2 2023246
Q3 2023254
Q4 2023266
Q1 2024228
Q2 2024194
Q3 2024210
Q4 2024212
Q1 2025195
Q2 20254
Q3 20251
Q4 20251
Q1 20262

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 24: 114 bought or addedQ2 24: 134 cut or sold outQ3 24: 91 bought or addedQ3 24: 116 cut or sold outQ3 24Q4 24: 97 bought or addedQ4 24: 98 cut or sold outQ1 25: 78 bought or addedQ1 25: 111 cut or sold outQ1 25Q2 25: 1 bought or addedQ2 25: 192 cut or sold outQ3 25: 0 bought or addedQ3 25: 3 cut or sold outQ3 25Q4 25: 0 bought or addedQ4 25: 0 cut or sold outQ1 26: 1 bought or addedQ1 26: 0 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024114134
Q3 202491116
Q4 20249798
Q1 202578111
Q2 20251192
Q3 202503
Q4 202500
Q1 202610

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60k$80kQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $80.0kQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$80.0k—
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

FLAX POND CAPITAL, LLC New +3,000+3.0k

Biggest sellers

None

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
CLEARLAKE CAPITAL GROUP, L.P. 13D · may seek influence filed 2025-07-03
Stated purposeItem 4 of the Initial Statement is hereby amended and restated as follows: In connection with the publicly announced review of strategic alternatives by the Board of Directors of the Issuer (the "Board"), the Reporting Persons anticipate, subject to further due diligence and applicable internal approvals, to submit one or more non-binding proposals (any such proposal, a "Proposal") to the Board offering to acquire all of the outstanding shares of Common Stock that the Reporting Persons do not already own for cash consideration, on terms and conditions to be set forth in any such proposal (any such transaction, a "Proposed Transaction"). The Reporting Persons previously entered into a standard confidentiality agreement with the Issuer in connection with the review of strategic alternatives… Full filing
 12.6% 3.8m 2025-07-03
BlackRock, Inc. 13G · institution filed 2025-04-30 10.9% 3.3m 2025-04-30

Fell to 5% or below in the last year: Cetus Capital VI, L.P. (0.8%, 2026-05-12), VANGUARD GROUP INC (0.0%, 2026-03-26)

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FLAX POND CAPITAL, LLC 0.04% of their portfolio MERION STATION, PA 3,0003.0k $50.1k $50.1k 0.04% New
2 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $20 $20 0.00% Unchanged