FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
CLEARLAKE CAPITAL GROUP, L.P.3,825,000$95,625
BlackRock, Inc.3,400,804$85,020
LITTLEJOHN & CO LLC2,426,359$60,659
VANGUARD GROUP INC2,342,425$58,561
Irenic Capital Management LP1,229,819$30,745
Paralel Advisors LLC975,000$24,375
FMR LLC961,868$24,047
STATE STREET CORP949,784$23,745
PRIVATE MANAGEMENT GROUP INC928,807$23,220
Melqart Asset Management (UK) Ltd849,876$21,247
CIBC WORLD MARKET INC.784,731$19,618
GEODE CAPITAL MANAGEMENT, LLC531,614$13,293
UBS Group AG491,835$12,296
CHARLES SCHWAB INVESTMENT MANAGEMENT INC481,944$12,049
JANE STREET GROUP, LLC419,266$10,482
BNP PARIBAS ARBITRAGE, SA404,706$10,118
BANK OF AMERICA CORP /DE/384,708$9,618
MORGAN STANLEY344,071$8,602
CITADEL ADVISORS LLC309,598$7,740
Walleye Capital LLC287,094$7,177
DEUTSCHE BANK AG\281,800$7,045
ROYCE & ASSOCIATES LP281,553$7,039
SUSQUEHANNA INTERNATIONAL GROUP, LLP272,123$6,803
Invesco Ltd.268,960$6,724
Nuveen, LLC254,409$6,360
Allianz Asset Management GmbH246,737$6,168
GOLDMAN SACHS GROUP INC243,165$6,079
NORTHERN TRUST CORP219,942$5,499
Shay Capital LLC194,300$4,858
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND182,985$4,575
PSquared Asset Management AG175,760$4,394
Mill Road Capital Management LLC167,650$4,191
Squarepoint Ops LLC162,614$4,065
SummitTX Capital, L.P.161,190$4,030
DIMENSIONAL FUND ADVISORS LP152,774$3,819
HRT FINANCIAL LP152,383$4
Bank of New York Mellon Corp140,454$3,511
SIMPLEX TRADING, LLC137,530$3,438
ADAGE CAPITAL PARTNERS GP, L.L.C.136,825$3,421
GROUP ONE TRADING, L.P.136,745$3,419
CITIGROUP INC120,496$3,012
Hudson Bay Capital Management LP119,385$2,985
Susquehanna Portfolio Strategies, LLC118,173$2,954
Diametric Capital, LP117,336$2,933
Jump Financial, LLC109,411$2,735
Carlyle Group Inc.107,214$3,094
Caption Management, LLC106,987$2,675
PRINCIPAL FINANCIAL GROUP INC105,841$2,646
AlpInvest Partners B.V.103,330$2,982
TUDOR INVESTMENT CORP ET AL98,888$2,472
BRIGADE CAPITAL MANAGEMENT, LP77,357$1,934
Public Sector Pension Investment Board76,756$1,919
Rangeley Capital, LLC76,000$1,900
ROTHSCHILD INVESTMENT LLC70,055$1,751
MILLENNIUM MANAGEMENT LLC68,973$1,724
ExodusPoint Capital Management, LP66,767$1,669
RHUMBLINE ADVISERS65,493$1,637
Verition Fund Management LLC64,032$1,601
Jefferies Financial Group Inc.59,300$1,483
Legal & General Group Plc57,557$1,439
SG Americas Securities, LLC48,812$1
Y-Intercept (Hong Kong) Ltd48,434$1,211
JPMORGAN CHASE & CO46,900$1,173
PDT Partners, LLC44,827$1,121
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.43,897$1,097
LPL Financial LLC43,228$1,081
AMERIPRISE FINANCIAL INC42,898$1,072
UBS ASSET MANAGEMENT AMERICAS INC41,478$1,037
WELLS FARGO & COMPANY/MN40,338$1,008
BARCLAYS PLC39,947$999
Swiss National Bank39,400$985
Covestor Ltd38,830$1
AMERICAN CENTURY COMPANIES INC36,011$900
ARISTEIA CAPITAL, L.L.C.34,709$868
BALYASNY ASSET MANAGEMENT L.P.33,544$839
D. E. Shaw & Co., Inc.33,509$838
Integrity Financial Corp /WA33,267$832
NEW YORK STATE TEACHERS RETIREMENT SYSTEM31,860$1
PRELUDE CAPITAL MANAGEMENT, LLC29,195$730
CAXTON ASSOCIATES LLP27,570$689
ADAR1 Capital Management, LLC26,635$666
ALLIANCEBERNSTEIN L.P.26,629$666
FIRST CITIZENS BANK & TRUST CO26,401$660
Envestnet Portfolio Solutions, Inc.25,710$643
Quantbot Technologies LP25,652$641
INTECH INVESTMENT MANAGEMENT LLC24,869$622
Creative Planning21,862$547
Walleye Trading LLC21,760$544
Toroso Investments, LLC21,608$540
Brevan Howard Capital Management LP20,579$514
Russell Investments Group, Ltd.20,491$512
Counterpoint Mutual Funds LLC20,198$505
Centiva Capital, LP20,000$500
PRUDENTIAL FINANCIAL INC19,649$491
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM19,228$481
ROYAL BANK OF CANADA18,911$473
PRICE T ROWE ASSOCIATES INC /MD/18,795$0
Inspire Investing, LLC18,636$466
Lombard Odier Asset Management (USA) Corp18,523$463
Quadrature Capital Ltd17,013$425
99 other institutions409,554$8,633
Total (199 institutions)29,709,916$734,696