FWRD β€” FORWARD AIR CORP

Ownership history in CLEARLAKE CAPITAL GROUP, L.P.  Β·  8 quarters on record

This page tracks every 13F SEC filing in which CLEARLAKE CAPITAL GROUP, L.P. reported a position in FORWARD AIR CORP (FWRD). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
10.37% (2024 Q3)
πŸ“Š Avg. % of fund
8.02%
πŸ“… First filed
2024 Q1
πŸ“… Last filed
2025 Q4
⏱ Quarters held
8

Position Intelligence

CLEARLAKE CAPITAL GROUP, L.P. Γ— FWRD AI Analytics

πŸ“ˆ CLEARLAKE CAPITAL GROUP, L.P. outperformed the S&P 500 by +25.3% annually on this FWRD position. Average cost basis: $19.04. Maximum drawdown during holding period: –43.2%.

πŸ“ˆ Position Alpha vs SPY
+25.3%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 25.3% per year on this position.
6 quarters analyzed

πŸ’° Entry Quality
$19.04
+31.3% vs current ($25.00)

Best entry: $19.04 (2024 Q2)  Β·  Worst: $19.04 (2024 Q2)

πŸ›‘οΈ Drawdown Resilience
–43.2%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
100%
buy-side decisions

2 adds Β· 0 trims. Bought during 0 of 3 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 8.95% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    FWRD price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 8 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 UNCHANGED 3,825,000 β€” 0% 8.95% $95.6M $25.00
2025 Q3 UNCHANGED 3,825,000 β€” 0% 9.16% $98.1M $25.64
2025 Q2 UNCHANGED 3,825,000 β€” 0% 8.72% $93.9M $24.54
2025 Q1 UNCHANGED 3,825,000 β€” 0% 7.76% $76.8M $20.09
2024 Q4 UNCHANGED 3,825,000 β€” 0% 10.06% $123.4M $32.25
2024 Q3 UNCHANGED 3,825,000 β€” 0% 10.37% $135.4M $35.40
2024 Q2 ADDED 3,825,000 +2,747,994 +255.2% 6.49% $72.8M $19.04
2024 Q1 INITIATED 1,077,006 β€” β€” 2.64% $33.5M β€”

🏒 Other funds also holding FWRD

As of 2025 Q4 β€” sorted by position size

LITTLEJOHN & CO LLC 3Y 31.6% AlpInvest Partners B.V. 3Y 7Y 4.65% Mill Road Capital Management LLC 3Y 7Y 2.49% Melqart Asset Management (UK) Ltd 3Y 7Y 2.09% Irenic Capital Management LP 3Y 2.07% PSquared Asset Management AG 3Y 7Y 2.05% Rangeley Capital, LLC 1.58% Paralel Advisors LLC 3Y 0.95% Diametric Capital, LP 3Y 7Y 0.79% PRIVATE MANAGEMENT GROUP INC 3Y 7Y 0.68%
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