Forward Management’s Community Bank CBU Stock Holding History

Forward Management’s Portfolio CBU Stock Details CBU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-10,000	Closed	-$354K	–	323
2015 Q1	$354K	Hold	10,000	–	–	0.02%	272
2014 Q4	$381K	Hold	10,000	–	–	0.02%	257
2014 Q3	$336K	Hold	10,000	–	–	0.02%	266
2014 Q2	$362K	Hold	10,000	–	–	0.02%	254
2014 Q1	$390K	Hold	10,000	–	–	0.02%	250
2013 Q4	$397K	Hold	10,000	–	–	0.02%	261
2013 Q3	$341K	Hold	10,000	–	–	0.02%	273
2013 Q2	$309K	Buy	+10,000	New	+$292K	0.03%	280

Other funds holding CBU

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

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

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

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

CIP

Champlain Investment Partners Burlington, Vermont $7.88B AUM 6.82% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BIT

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

Forward Management's CBU Position: Q2 2015 in Review

Forward Management sold out of Community Bank (CBU) in Q2 2015, closing a stake of 10,000 shares — an estimated $354K sold.

Forward Management first reported a position in CBU in Q2 2013 and held it in 8 quarters. The position peaked at $397K in Q4 2013. 154 funds tracked by Wall St. Rank hold CBU as of Q2 2015.

Forward Management reported no remaining Community Bank position as of Q2 2015 after selling out during the quarter.
Forward Management sold 10,000 Community Bank shares in Q2 2015, an estimated $354K.
Forward Management first reported a position in Community Bank in Q2 2013 and held it in 8 quarters.
Forward Management's Community Bank position peaked at $397K in Q4 2013.
154 funds tracked by Wall St. Rank held Community Bank as of Q2 2015.

Based on Forward Management's 13F filing for Q2 2015, filed 11 Aug 2015.