Forward Management’s ASSOCIATED ESTATES REALTY CORP AEC Stock Holding History

Forward Management’s Portfolio AEC Stock Details AEC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-671,000	Closed	-$15.6M	–	444
2014 Q4	$15.6M	Sell	671,000 -833,500	-55%	-$17.2M	0.85%	23
2014 Q3	$26.3M	Sell	1,504,500 -2,000	-0.1%	-$36.2K	1.57%	14
2014 Q2	$27.1M	Sell	1,506,500 -2,016	-0.1%	-$34.9K	1.57%	11
2014 Q1	$25.6M	Sell	1,508,516 -109,538	-7%	-$1.82M	1.47%	13
2013 Q4	$26M	Sell	1,618,054 -188,196	-10%	-$2.9M	1.58%	10
2013 Q3	$26.9M	Buy	1,806,250 +569,096	+46%	+$8.66M	1.75%	10
2013 Q2	$19.9M	Buy	+1,237,154	New	+$21.5M	1.63%	18

Other funds holding AEC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

ACI

AMP Capital Investors Sydney, Australia $2.37B AUM 23.59% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

VCM

V3 Capital Management Dallas, Texas $33.4M AUM 5.9% 1-Year Est. Return

CNB

City National Bank Beverly Hills, California $11.6B AUM 3.11% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

LBIM

Land & Buildings Investment Management Stamford, Connecticut $591M AUM 10.19% 1-Year Est. Return

Forward Management's AEC Position: Q1 2015 in Review

Forward Management sold out of ASSOCIATED ESTATES REALTY CORP (AEC) in Q1 2015, closing a stake of 671,000 shares — an estimated $15.6M sold.

Forward Management first reported a position in AEC in Q2 2013 and held it in 7 quarters. The position peaked at $27.1M in Q2 2014. 187 funds tracked by Wall St. Rank hold AEC as of Q1 2015.

Forward Management reported no remaining ASSOCIATED ESTATES REALTY CORP position as of Q1 2015 after selling out during the quarter.
Forward Management sold 671,000 ASSOCIATED ESTATES REALTY CORP shares in Q1 2015, an estimated $15.6M.
Forward Management first reported a position in ASSOCIATED ESTATES REALTY CORP in Q2 2013 and held it in 7 quarters.
Forward Management's ASSOCIATED ESTATES REALTY CORP position peaked at $27.1M in Q2 2014.
187 funds tracked by Wall St. Rank held ASSOCIATED ESTATES REALTY CORP as of Q1 2015.

Based on Forward Management's 13F filing for Q1 2015, filed 14 May 2015.