Forward AIR Corp: which funds bought and sold

Institutions that bought and sold Forward AIR shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 111 institutions that filed 13F reports for both quarters added to or opened positions in Forward AIR, and 95 cut or closed them. Together they added a net 880K shares, +3.0% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 2.4M shares (+46.6%); index fund managers were net sellers of 2.0M shares (−24.9%). 44 opened a new position and 50 sold out entirely.

Bought, Q2 2026 111 institutions, 44 of them new holders Sold, Q2 2026 95 institutions, 50 of them sold out

Net change, all compared +880K shares (+3.0%)

Net change, active managers +2.4M shares (+46.6%), 26 bought, 15 sold

Buyers versus sellers

institutions compared, 231

111 bought 25 95 sold

Active managers and hedge funds 26 bought · 15 sold · +2.4M

Index fund managers 4 bought · 5 sold · −2.0M

Other institutions 81 bought · 75 sold · +542K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Bracebridge Capital, LLC	+1.4M New position	1.4M	$19M
D. E. Shaw & Co., Inc. Hedge fund	+1.0M New position	1.0M	$13.5M
FMR LLC Active manager	+922K +84.8%	2.0M	$27.1M
Barclays PLC	+691K +4453.6%	707K	$9.5M
Qube Research & Technologies Ltd Hedge fund	+565K New position	565K	$7.6M
Timucuan Asset Management Inc	+399K New position	399K	$5.4M
HRT Financial LP	+379K +93.0%	786K	$10.6M
Deutsche Bank Ag\	+355K +136.7%	614K	$8.3M
Diameter Capital Partners LP Hedge fund	+350K New position	350K	$4.7M
CIBC World Market Inc.	+338K +46.0%	1.1M	$14.5M
Millennium Management LLC Hedge fund	+319K +309.5%	422K	$5.7M
Tudor Investment Corp Et Al Hedge fund	+296K +627.5%	343K	$4.6M
Marshall Wace, LLP Hedge fund	+248K New position	248K	$3.4M
Landscape Capital Management, L.L.C.	+221K New position	221K	$3M
LMR Partners LLP Hedge fund	+193K New position	193K	$2.6M
Monarch Alternative Capital LP	+189K New position	189K	$2.6M
Balyasny Asset Management L.P. Hedge fund	+156K New position	156K	$2.1M
Xtx Topco Ltd	+154K +371.8%	196K	$2.6M
Vanguard Capital Management LLC Index funds	+143K +13.9%	1.2M	$15.8M
Jpmorgan Chase & Co	+130K +90.4%	275K	$4M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
D. E. Shaw & Co., Inc. Hedge fund	+1.0M New position	1.0M	$13.5M
FMR LLC Active manager	+922K +84.8%	2.0M	$27.1M
Qube Research & Technologies Ltd Hedge fund	+565K New position	565K	$7.6M
Diameter Capital Partners LP Hedge fund	+350K New position	350K	$4.7M
Millennium Management LLC Hedge fund	+319K +309.5%	422K	$5.7M
Tudor Investment Corp Et Al Hedge fund	+296K +627.5%	343K	$4.6M
Marshall Wace, LLP Hedge fund	+248K New position	248K	$3.4M
LMR Partners LLP Hedge fund	+193K New position	193K	$2.6M
Balyasny Asset Management L.P. Hedge fund	+156K New position	156K	$2.1M
Jacobs Levy Equity Management, Inc Active manager	+123K New position	123K	$1.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Irenic Capital Management LP Hedge fund	−1.2M Sold out	0	—
Paralel Advisors LLC	−975K Sold out	0	—
Blackrock, Inc. Index funds	−925K −25.0%	2.8M	$37.5M
Melqart Asset Management (UK) Ltd	−878K Sold out	0	—
Littlejohn & Co LLC	−733K Sold out	0	—
Vanguard Portfolio Management LLC Index funds	−712K −79.3%	186K	$2.5M
UBS Group AG	−546K −72.2%	210K	$2.8M
State Street Corp Index funds	−474K −45.0%	580K	$7.8M
Royce & Associates LP Active manager	−348K Sold out	0	—
Bank Of America Corp	−235K −75.5%	76K	$1M
Citadel Advisors LLC Hedge fund	−229K −55.1%	187K	$2.5M
Invesco Ltd.	−211K −67.6%	101K	$1.4M
Shay Capital LLC	−206K −77.5%	60K	$810,600
Hudson Bay Capital Management LP Hedge fund	−199K −74.7%	68K	$913,154
Jefferies Financial Group Inc.	−154K Sold out	0	—
Exoduspoint Capital Management, LP Hedge fund	−132K −68.7%	60K	$811,965
Imc-Chicago, LLC	−112K Sold out	0	—
Principal Financial Group Inc	−108K Sold out	0	—
Adage Capital Partners Gp, L.L.C. Hedge fund	−100K −36.1%	177K	$2.4M
Susquehanna Portfolio Strategies, LLC	−96K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Irenic Capital Management LP Hedge fund	−1.2M Sold out	0	—
Royce & Associates LP Active manager	−348K Sold out	0	—
Citadel Advisors LLC Hedge fund	−229K −55.1%	187K	$2.5M
Hudson Bay Capital Management LP Hedge fund	−199K −74.7%	68K	$913,154
Exoduspoint Capital Management, LP Hedge fund	−132K −68.7%	60K	$811,965
Adage Capital Partners Gp, L.L.C. Hedge fund	−100K −36.1%	177K	$2.4M
Point72 Asset Management, L.P. Hedge fund	−47K Sold out	0	—
PDT Partners, LLC Hedge fund	−43K −22.7%	146K	$2M
American Century Companies Inc Active manager	−40K Sold out	0	—
ADAR1 Capital Management, LLC Hedge fund	−30K −38.3%	48K	$651,736

New positions

largest by value

Institution	Shares	Value June 30, 2026
Bracebridge Capital, LLC	1.4M	$19M
D. E. Shaw & Co., Inc.Hedge fund	1.0M	$13.5M
Qube Research & Technologies LtdHedge fund	565K	$7.6M
Timucuan Asset Management Inc	399K	$5.4M
Diameter Capital Partners LPHedge fund	350K	$4.7M
Marshall Wace, LLPHedge fund	248K	$3.4M
Landscape Capital Management, L.L.C.	221K	$3M
LMR Partners LLPHedge fund	193K	$2.6M
Monarch Alternative Capital LP	189K	$2.6M
Balyasny Asset Management L.P.Hedge fund	156K	$2.1M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Irenic Capital Management LPHedge fund	1.2M	$20.6M
Paralel Advisors LLC	975K	$16.3M
Melqart Asset Management (UK) Ltd	878K	$14.7M
Littlejohn & Co LLC	733K	$12.3M
Royce & Associates LPActive manager	348K	$5.8M
Jefferies Financial Group Inc.	154K	$2.6M
Imc-Chicago, LLC	112K	$1.9M
Principal Financial Group Inc	108K	$1.8M
Susquehanna Portfolio Strategies, LLC	96K	$1.6M
Public Sector Pension Investment Board	80K	$1.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 185
Ten largest holders: 52.2%
Index fund managers: 20.1%
Active managers and hedge funds: 24.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	26	15	14	7	+2.4M	+46.6%
Index fund managers	4	5	0	0	−2.0M	−24.9%
Other institutions	81	75	30	43	+542K	+3.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Forward AIR.

Only managers that filed a holdings report for both quarters are compared (231 here). 7 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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