Forward Management’s Sotheby's BID Stock Holding History

Forward Management’s Portfolio BID Stock Details BID Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-10,000	Closed	-$452K	–	318
2015 Q2	$452K	Hold	10,000	–	–	0.03%	256
2015 Q1	$423K	Hold	10,000	–	–	0.03%	251
2014 Q4	$432K	Hold	10,000	–	–	0.02%	242
2014 Q3	$357K	Buy	10,000 +5,000	+100%	+$197K	0.02%	260
2014 Q2	$210K	Hold	5,000	–	–	0.01%	284
2014 Q1	$218K	Sell	5,000 -5,000	-50%	-$240K	0.01%	283
2013 Q4	$532K	Hold	10,000	–	–	0.03%	230
2013 Q3	$491K	Hold	10,000	–	–	0.03%	219
2013 Q2	$379K	Buy	+10,000	New	+$364K	0.03%	257

Other funds holding BID

Third Point New York $2.08B AUM 27.04% 1-Year Est. Return

MCM

Marcato Capital Management San Francisco, California $1.2M AUM 91.17% 1-Year Est. Return

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

BFA

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

SDJVC

St. Denis J. Villere & Co New Orleans, Louisiana $907M AUM 10.61% 1-Year Est. Return

JCAM

Jericho Capital Asset Management New York $6.76B AUM 88.1% 1-Year Est. Return

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

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

Forward Management's BID Position: Q3 2015 in Review

Forward Management sold out of Sotheby's (BID) in Q3 2015, closing a stake of 10,000 shares — an estimated $452K sold.

Forward Management first reported a position in BID in Q2 2013 and held it in 9 quarters. The position peaked at $532K in Q4 2013. 252 funds tracked by Wall St. Rank hold BID as of Q3 2015.

Forward Management reported no remaining Sotheby's position as of Q3 2015 after selling out during the quarter.
Forward Management sold 10,000 Sotheby's shares in Q3 2015, an estimated $452K.
Forward Management first reported a position in Sotheby's in Q2 2013 and held it in 9 quarters.
Forward Management's Sotheby's position peaked at $532K in Q4 2013.
252 funds tracked by Wall St. Rank held Sotheby's as of Q3 2015.

Based on Forward Management's 13F filing for Q3 2015, filed 9 Nov 2015.