Forward Management’s Cadiz CDZI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-49,000	Closed	-$288K	–	208
2016 Q2	$288K	Sell	49,000 -9,596	-16%	-$56.4K	0.02%	182
2016 Q1	$306K	Hold	58,596	–	–	0.03%	208
2015 Q4	$308K	Hold	58,596	–	–	0.03%	220
2015 Q3	$425K	Buy	+58,596	New	+$425K	0.03%	212