FWRD US Equity

FORWARD AIR CORP

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Industrials · Arrangement of Transportation of Freight & Cargo · CIK 912728 · FYE 1231

$14.59

-0.19 (-1.29%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding FWRD · 2026-Q1 methodology → sources →

190 holders

% of shares outstanding held

93.1%

Shares held (13F)

29,452,185

Reporting holders

190

Top holders

largest 100 of 190 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	CLEARLAKE CAPITAL GROUP, L.P.	3,825,0003.8M	$64M	12.09%	—
2	BlackRock, Inc.	3,700,0873.7M	$62M	11.70%	ADD 9%
3	Irenic Capital Management LP	1,229,8191.2M	$21M	3.89%	—
4	PRIVATE MANAGEMENT GROUP INC	1,155,4051.2M	$19M	3.65%	ADD 24%
5	FMR LLC	1,086,6491.1M	$18M	3.44%	ADD 13%
6	STATE STREET CORP	1,053,3591.1M	$18M	3.33%	ADD 11%
7	VANGUARD CAPITAL MANAGEMENT LLC	1,026,6971.0M	$17M	3.25%	NEW†
8	Paralel Advisors LLC	975,000975,000	$16M	3.08%	—
9	VANGUARD PORTFOLIO MANAGEMENT LLC	898,220898,220	$15M	2.84%	NEW†
10	Melqart Asset Management (UK) Ltd	877,744877,744	$15M	2.78%	ADD 3%
11	UBS Group AG	755,967755,967	$13M	2.39%	ADD 54%
12	CIBC WORLD MARKET INC.	734,272734,272	$12M	2.32%	TRIM -6%
13	LITTLEJOHN & CO LLC	733,261733,261	$12M	2.32%	TRIM -70%
14	GEODE CAPITAL MANAGEMENT, LLC	551,560551,560	$9M	1.74%	ADD 4%
15	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	497,689497,689	$8M	1.57%	ADD 3%
16	JANE STREET GROUP, LLC	492,806492,806	$8M	1.56%	ADD 18%
17	BNP PARIBAS FINANCIAL MARKETS	480,196480,196	$8M	1.52%	ADD 19%
18	MORGAN STANLEY	417,529417,529	$7M	1.32%	ADD 21%
19	CITADEL ADVISORS LLC	415,342415,342	$7M	1.31%	ADD 34%
20	HRT FINANCIAL LP	407,185407,185	$7M	1.29%	ADD 167%
21	ROYCE & ASSOCIATES LP	347,998347,998	$6M	1.10%	ADD 24%
22	DIMENSIONAL FUND ADVISORS LP	318,858318,858	$5M	1.01%	ADD 109%
23	Invesco Ltd.	312,752312,752	$5M	0.99%	ADD 16%
24	BANK OF AMERICA CORP /DE/	311,107311,107	$5M	0.98%	TRIM -19%
25	ADAGE CAPITAL PARTNERS GP, L.L.C.	277,069277,069	$5M	0.88%	ADD 102%
26	Hudson Bay Capital Management LP	266,757266,757	$4M	0.84%	ADD 123%
27	Shay Capital LLC	266,375266,375	$4M	0.84%	ADD 37%
28	DEUTSCHE BANK AG\	259,311259,311	$4M	0.82%	TRIM -8%
29	GOLDMAN SACHS GROUP INC	258,092258,092	$4M	0.82%	ADD 6%
30	Mill Road Capital Management LLC	226,750226,750	$4M	0.72%	ADD 35%
31	NORTHERN TRUST CORP	219,789219,789	$4M	0.69%	—
32	RENAISSANCE TECHNOLOGIES LLC	211,539211,539	$4M	0.67%	NEW
33	Jump Financial, LLC	196,800196,800	$3M	0.62%	ADD 80%
34	ExodusPoint Capital Management, LP	191,722191,722	$3M	0.61%	ADD 187%
35	PDT Partners, LLC	189,125189,125	$3M	0.60%	ADD 322%
36	Squarepoint Ops LLC	172,858172,858	$3M	0.55%	ADD 6%
37	Jefferies Financial Group Inc.	154,300154,300	$3M	0.49%	ADD 160%
38	VANGUARD FIDUCIARY TRUST CO	151,138151,138	$3M	0.48%	NEW
39	Allianz Asset Management GmbH	150,408150,408	$3M	0.48%	TRIM -39%
40	SUSQUEHANNA INTERNATIONAL GROUP, LLP	140,990140,990	$2M	0.45%	TRIM -48%
41	Diametric Capital, LP	140,297140,297	$2M	0.44%	ADD 20%
42	JPMORGAN CHASE & CO	144,207144,207	$2M	0.46%	ADD 207%
43	Bank of New York Mellon Corp	130,463130,463	$2M	0.41%	TRIM -7%
44	CITIGROUP INC	121,450121,450	$2M	0.38%	—
45	GROUP ONE TRADING LLC	115,509115,509	$2M	0.37%	TRIM -16%
46	IMC-Chicago, LLC	111,562111,562	$2M	0.35%	NEW
47	PRINCIPAL FINANCIAL GROUP INC	108,143108,143	$2M	0.34%	ADD 2%
48	Carlyle Group Inc.	107,214107,214	$2M	0.34%	—
49	AlpInvest Partners B.V.	103,330103,330	$2M	0.33%	—
50	MILLENNIUM MANAGEMENT LLC	103,094103,094	$2M	0.33%	ADD 49%
51	Susquehanna Portfolio Strategies, LLC	95,60195,601	$2M	0.30%	TRIM -19%
52	Voleon Capital Management LP	93,66893,668	$2M	0.30%	NEW
53	Rangeley Capital, LLC	85,00085,000	$1M	0.27%	ADD 12%
54	Nuveen, LLC	80,16080,160	$1M	0.25%	TRIM -68%
55	Public Sector Pension Investment Board	79,87279,872	$1M	0.25%	ADD 4%
56	ADAR1 Capital Management, LLC	78,24178,241	$1M	0.25%	ADD 194%
57	GSA CAPITAL PARTNERS LLP	71,15071,150	$1M	0.22%	NEW
58	ROTHSCHILD INVESTMENT LLC	70,01970,019	$1M	0.22%	—
59	RHUMBLINE ADVISERS	67,10667,106	$1M	0.21%	ADD 2%
60	AQR CAPITAL MANAGEMENT LLC	54,63954,639	$913,018	0.17%	NEW
61	Legal & General Group Plc	50,82950,829	$849,351	0.16%	TRIM -12%
62	Cambridge Investment Research Advisors, Inc.	50,15750,157	$838,000	0.16%	ADD 440%
63	Covestor Ltd	47,96747,967	$801,000	0.15%	ADD 24%
64	TUDOR INVESTMENT CORP ET AL	47,16647,166	$788,144	0.15%	TRIM -52%
65	Swiss Life Asset Management Ltd	5,6635,663	$787,995	0.02%	NEW
66	Point72 Asset Management, L.P.	46,55546,555	$777,934	0.15%	NEW
67	Engineers Gate Manager LP	45,40545,405	$758,718	0.14%	NEW
68	Prescott Group Capital Management, L.L.C.	43,89743,897	$733,519	0.14%	—
69	LPL Financial LLC	42,31542,315	$707,083	0.13%	TRIM -2%
70	XTX Topco Ltd	41,50041,500	$693,465	0.13%	ADD 145%
71	AMERICAN CENTURY COMPANIES INC	40,39040,390	$674,917	0.13%	ADD 12%
72	ALLIANCEBERNSTEIN L.P.	26,62926,629	$665,725	0.08%	—
73	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	39,67439,674	$662,953	0.13%	TRIM -4%
74	Swiss National Bank	39,40039,400	$658,374	0.12%	—
75	AXQ CAPITAL, LP	38,39738,397	$641,614	0.12%	NEW
76	AMERIPRISE FINANCIAL INC	36,63336,633	$612,137	0.12%	TRIM -15%
77	PRELUDE CAPITAL MANAGEMENT, LLC	35,51535,515	$593,456	0.11%	ADD 22%
78	INDEPENDENT FINANCIAL GROUP, LLC	35,03535,035	$585,435	0.11%	—
79	Creative Planning	33,89533,895	$566,385	0.11%	ADD 55%
80	Counterpoint Mutual Funds LLC	33,55033,550	$560,621	0.11%	ADD 66%
81	Integrity Financial Corp /WA	33,26733,267	$555,892	0.11%	—
82	Inspire Investing, LLC	31,13731,137	$520,306	0.10%	ADD 67%
83	Quantbot Technologies LP	30,01730,017	$501,584	0.09%	ADD 17%
84	FIRST CITIZENS BANK & TRUST CO	26,68226,682	$445,856	0.08%	—
85	Walleye Trading LLC	26,17026,170	$437,301	0.08%	ADD 20%
86	Cornerstone Wealth, LLC/TN	19,09219,092	$427,852	0.06%	NEW
87	Envestnet Portfolio Solutions, Inc.	25,52325,523	$426,489	0.08%	—
88	Schonfeld Strategic Advisors LLC	25,32925,329	$423,245	0.08%	NEW
89	PRICE T ROWE ASSOCIATES INC /MD/	24,34324,343	$407,000	0.08%	ADD 30%
90	Tidal Investments LLC	21,79321,793	$364,161	0.07%	—
91	PRUDENTIAL FINANCIAL INC	21,69921,699	$362,590	0.07%	ADD 10%
92	Brevan Howard Capital Management LP	21,61621,616	$361,203	0.07%	ADD 5%
93	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	20,74120,741	$347,000	0.07%	TRIM -35%
94	Quantinno Capital Management LP	20,75820,758	$346,866	0.07%	ADD 25%
95	Russell Investments Group, Ltd.	20,62820,628	$344,693	0.07%	—
96	Entropy Technologies, LP	19,68019,680	$328,853	0.06%	ADD 110%
97	CenterBook Partners LP	19,66419,664	$328,585	0.06%	ADD 32%
98	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	19,06819,068	$318,626	0.06%	—
99	Verition Fund Management LLC	18,85118,851	$315,000	0.06%	TRIM -71%
100	ROYAL BANK OF CANADA	18,39118,391	$307,000	0.06%	TRIM -3%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

CLEARLAKE CAPITAL GROUP, L.P.

3.8M

$64M

BlackRock, Inc.

3.5M

3.4M

3.3M

3.2M

3.4M

3.7M

$62M

Irenic Capital Management LP

1.2M

$21M

PRIVATE MANAGEMENT GROUP INC

968K

963K

1.0M

936K

929K

1.2M

$19M

FMR LLC

632K

731K

962K

1.1M

$18M

STATE STREET CORP

1.0M

966K

937K

930K

950K

1.1M

$18M

VANGUARD CAPITAL MANAGEMENT LLC

—

1.0M

$17M

Paralel Advisors LLC

750K

975K

$16M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

898K

$15M

Melqart Asset Management (UK) Ltd

—

382K

850K

878K

$15M

UBS Group AG

454K

477K

903K

541K

492K

756K

$13M

CIBC WORLD MARKET INC.

—

842K

756K

785K

734K

$12M

LITTLEJOHN & CO LLC

1.7M

2.8M

2.9M

2.8M

2.4M

733K

$12M

GEODE CAPITAL MANAGEMENT, LLC

553K

554K

527K

520K

532K

552K

$9M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

756K

761K

586K

510K

482K

498K

$8M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	190	29,452,185	93.1%	$493M
2025-Q4

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · FWRD

Activists — 13D, active intent

CLEARLAKE CAPITAL GROUP, L.P.12.6%NEWSCHEDULE 13D/A · Amd 1 · event 2025-07-03SEC →

3,825,000 shares · 3 reporting persons

“Item 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 al”

Large holders — 13G, passive (top 4 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	5.4%	QII	2026-06-30	SEC →
Bracebridge Capital, LLC	5.1%	Passive	2026-07-23	SEC →

Institutional ownership· 13F filers holding FWRD · 2026-Q1 methodology → sources →

190 holders

% of shares outstanding held

93.1%

Shares held (13F)

29,452,185

Reporting holders

190

Top holders

largest 100 of 190 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	CLEARLAKE CAPITAL GROUP, L.P.	3,825,0003.8M	$64M	12.09%	—
2	BlackRock, Inc.	3,700,0873.7M	$62M	11.70%	ADD 9%
3	Irenic Capital Management LP	1,229,8191.2M	$21M	3.89%	—
4	PRIVATE MANAGEMENT GROUP INC	1,155,4051.2M	$19M	3.65%	ADD 24%
5	FMR LLC	1,086,6491.1M	$18M	3.44%	ADD 13%
6	STATE STREET CORP	1,053,3591.1M	$18M	3.33%	ADD 11%
7	VANGUARD CAPITAL MANAGEMENT LLC	1,026,6971.0M	$17M	3.25%	NEW†
8	Paralel Advisors LLC	975,000975,000	$16M	3.08%	—
9	VANGUARD PORTFOLIO MANAGEMENT LLC	898,220898,220	$15M	2.84%	NEW†
10	Melqart Asset Management (UK) Ltd	877,744877,744	$15M	2.78%	ADD 3%
11	UBS Group AG	755,967755,967	$13M	2.39%	ADD 54%
12	CIBC WORLD MARKET INC.	734,272734,272	$12M	2.32%	TRIM -6%
13	LITTLEJOHN & CO LLC	733,261733,261	$12M	2.32%	TRIM -70%
14	GEODE CAPITAL MANAGEMENT, LLC	551,560551,560	$9M	1.74%	ADD 4%
15	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	497,689497,689	$8M	1.57%	ADD 3%
16	JANE STREET GROUP, LLC	492,806492,806	$8M	1.56%	ADD 18%
17	BNP PARIBAS FINANCIAL MARKETS	480,196480,196	$8M	1.52%	ADD 19%
18	MORGAN STANLEY	417,529417,529	$7M	1.32%	ADD 21%
19	CITADEL ADVISORS LLC	415,342415,342	$7M	1.31%	ADD 34%
20	HRT FINANCIAL LP	407,185407,185	$7M	1.29%	ADD 167%
21	ROYCE & ASSOCIATES LP	347,998347,998	$6M	1.10%	ADD 24%
22	DIMENSIONAL FUND ADVISORS LP	318,858318,858	$5M	1.01%	ADD 109%
23	Invesco Ltd.	312,752312,752	$5M	0.99%	ADD 16%
24	BANK OF AMERICA CORP /DE/	311,107311,107	$5M	0.98%	TRIM -19%
25	ADAGE CAPITAL PARTNERS GP, L.L.C.	277,069277,069	$5M	0.88%	ADD 102%
26	Hudson Bay Capital Management LP	266,757266,757	$4M	0.84%	ADD 123%
27	Shay Capital LLC	266,375266,375	$4M	0.84%	ADD 37%
28	DEUTSCHE BANK AG\	259,311259,311	$4M	0.82%	TRIM -8%
29	GOLDMAN SACHS GROUP INC	258,092258,092	$4M	0.82%	ADD 6%
30	Mill Road Capital Management LLC	226,750226,750	$4M	0.72%	ADD 35%
31	NORTHERN TRUST CORP	219,789219,789	$4M	0.69%	—
32	RENAISSANCE TECHNOLOGIES LLC	211,539211,539	$4M	0.67%	NEW
33	Jump Financial, LLC	196,800196,800	$3M	0.62%	ADD 80%
34	ExodusPoint Capital Management, LP	191,722191,722	$3M	0.61%	ADD 187%
35	PDT Partners, LLC	189,125189,125	$3M	0.60%	ADD 322%
36	Squarepoint Ops LLC	172,858172,858	$3M	0.55%	ADD 6%
37	Jefferies Financial Group Inc.	154,300154,300	$3M	0.49%	ADD 160%
38	VANGUARD FIDUCIARY TRUST CO	151,138151,138	$3M	0.48%	NEW
39	Allianz Asset Management GmbH	150,408150,408	$3M	0.48%	TRIM -39%
40	SUSQUEHANNA INTERNATIONAL GROUP, LLP	140,990140,990	$2M	0.45%	TRIM -48%
41	Diametric Capital, LP	140,297140,297	$2M	0.44%	ADD 20%
42	JPMORGAN CHASE & CO	144,207144,207	$2M	0.46%	ADD 207%
43	Bank of New York Mellon Corp	130,463130,463	$2M	0.41%	TRIM -7%
44	CITIGROUP INC	121,450121,450	$2M	0.38%	—
45	GROUP ONE TRADING LLC	115,509115,509	$2M	0.37%	TRIM -16%
46	IMC-Chicago, LLC	111,562111,562	$2M	0.35%	NEW
47	PRINCIPAL FINANCIAL GROUP INC	108,143108,143	$2M	0.34%	ADD 2%
48	Carlyle Group Inc.	107,214107,214	$2M	0.34%	—
49	AlpInvest Partners B.V.	103,330103,330	$2M	0.33%	—
50	MILLENNIUM MANAGEMENT LLC	103,094103,094	$2M	0.33%	ADD 49%
51	Susquehanna Portfolio Strategies, LLC	95,60195,601	$2M	0.30%	TRIM -19%
52	Voleon Capital Management LP	93,66893,668	$2M	0.30%	NEW
53	Rangeley Capital, LLC	85,00085,000	$1M	0.27%	ADD 12%
54	Nuveen, LLC	80,16080,160	$1M	0.25%	TRIM -68%
55	Public Sector Pension Investment Board	79,87279,872	$1M	0.25%	ADD 4%
56	ADAR1 Capital Management, LLC	78,24178,241	$1M	0.25%	ADD 194%
57	GSA CAPITAL PARTNERS LLP	71,15071,150	$1M	0.22%	NEW
58	ROTHSCHILD INVESTMENT LLC	70,01970,019	$1M	0.22%	—
59	RHUMBLINE ADVISERS	67,10667,106	$1M	0.21%	ADD 2%
60	AQR CAPITAL MANAGEMENT LLC	54,63954,639	$913,018	0.17%	NEW
61	Legal & General Group Plc	50,82950,829	$849,351	0.16%	TRIM -12%
62	Cambridge Investment Research Advisors, Inc.	50,15750,157	$838,000	0.16%	ADD 440%
63	Covestor Ltd	47,96747,967	$801,000	0.15%	ADD 24%
64	TUDOR INVESTMENT CORP ET AL	47,16647,166	$788,144	0.15%	TRIM -52%
65	Swiss Life Asset Management Ltd	5,6635,663	$787,995	0.02%	NEW
66	Point72 Asset Management, L.P.	46,55546,555	$777,934	0.15%	NEW
67	Engineers Gate Manager LP	45,40545,405	$758,718	0.14%	NEW
68	Prescott Group Capital Management, L.L.C.	43,89743,897	$733,519	0.14%	—
69	LPL Financial LLC	42,31542,315	$707,083	0.13%	TRIM -2%
70	XTX Topco Ltd	41,50041,500	$693,465	0.13%	ADD 145%
71	AMERICAN CENTURY COMPANIES INC	40,39040,390	$674,917	0.13%	ADD 12%
72	ALLIANCEBERNSTEIN L.P.	26,62926,629	$665,725	0.08%	—
73	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	39,67439,674	$662,953	0.13%	TRIM -4%
74	Swiss National Bank	39,40039,400	$658,374	0.12%	—
75	AXQ CAPITAL, LP	38,39738,397	$641,614	0.12%	NEW
76	AMERIPRISE FINANCIAL INC	36,63336,633	$612,137	0.12%	TRIM -15%
77	PRELUDE CAPITAL MANAGEMENT, LLC	35,51535,515	$593,456	0.11%	ADD 22%
78	INDEPENDENT FINANCIAL GROUP, LLC	35,03535,035	$585,435	0.11%	—
79	Creative Planning	33,89533,895	$566,385	0.11%	ADD 55%
80	Counterpoint Mutual Funds LLC	33,55033,550	$560,621	0.11%	ADD 66%
81	Integrity Financial Corp /WA	33,26733,267	$555,892	0.11%	—
82	Inspire Investing, LLC	31,13731,137	$520,306	0.10%	ADD 67%
83	Quantbot Technologies LP	30,01730,017	$501,584	0.09%	ADD 17%
84	FIRST CITIZENS BANK & TRUST CO	26,68226,682	$445,856	0.08%	—
85	Walleye Trading LLC	26,17026,170	$437,301	0.08%	ADD 20%
86	Cornerstone Wealth, LLC/TN	19,09219,092	$427,852	0.06%	NEW
87	Envestnet Portfolio Solutions, Inc.	25,52325,523	$426,489	0.08%	—
88	Schonfeld Strategic Advisors LLC	25,32925,329	$423,245	0.08%	NEW
89	PRICE T ROWE ASSOCIATES INC /MD/	24,34324,343	$407,000	0.08%	ADD 30%
90	Tidal Investments LLC	21,79321,793	$364,161	0.07%	—
91	PRUDENTIAL FINANCIAL INC	21,69921,699	$362,590	0.07%	ADD 10%
92	Brevan Howard Capital Management LP	21,61621,616	$361,203	0.07%	ADD 5%
93	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	20,74120,741	$347,000	0.07%	TRIM -35%
94	Quantinno Capital Management LP	20,75820,758	$346,866	0.07%	ADD 25%
95	Russell Investments Group, Ltd.	20,62820,628	$344,693	0.07%	—
96	Entropy Technologies, LP	19,68019,680	$328,853	0.06%	ADD 110%
97	CenterBook Partners LP	19,66419,664	$328,585	0.06%	ADD 32%
98	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	19,06819,068	$318,626	0.06%	—
99	Verition Fund Management LLC	18,85118,851	$315,000	0.06%	TRIM -71%
100	ROYAL BANK OF CANADA	18,39118,391	$307,000	0.06%	TRIM -3%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

CLEARLAKE CAPITAL GROUP, L.P.

3.8M

$64M

BlackRock, Inc.

3.5M

3.4M

3.3M

3.2M

3.4M

3.7M

$62M

Irenic Capital Management LP

1.2M

$21M

PRIVATE MANAGEMENT GROUP INC

968K

963K

1.0M

936K

929K

1.2M

$19M

FMR LLC

632K

731K

962K

1.1M

$18M

STATE STREET CORP

1.0M

966K

937K

930K

950K

1.1M

$18M

VANGUARD CAPITAL MANAGEMENT LLC

—

1.0M

$17M

Paralel Advisors LLC

750K

975K

$16M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

898K

$15M

Melqart Asset Management (UK) Ltd

—

382K

850K

878K

$15M

UBS Group AG

454K

477K

903K

541K

492K

756K

$13M

CIBC WORLD MARKET INC.

—

842K

756K

785K

734K

$12M

LITTLEJOHN & CO LLC

1.7M

2.8M

2.9M

2.8M

2.4M

733K

$12M

GEODE CAPITAL MANAGEMENT, LLC

553K

554K

527K

520K

532K

552K

$9M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

756K

761K

586K

510K

482K

498K

$8M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	190	29,452,185	93.1%	$493M
2025-Q4

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · FWRD

Activists — 13D, active intent

CLEARLAKE CAPITAL GROUP, L.P.12.6%NEWSCHEDULE 13D/A · Amd 1 · event 2025-07-03SEC →

3,825,000 shares · 3 reporting persons

Large holders — 13G, passive (top 4 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	5.4%	QII	2026-06-30	SEC →
Bracebridge Capital, LLC	5.1%	Passive	2026-07-23	SEC →

FWRD US Equity☆

Institutional ownership· 13F filers holding FWRD · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · FWRD

Institutional ownership· 13F filers holding FWRD · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · FWRD

FWRD US Equity