Forward Management’s CF Industries CF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-15,500	Closed	-$722K	–	354
2013 Q4	$722K	Sell	15,500 -23,500	-60%	-$1.09M	0.04%	178
2013 Q3	$1.64M	Sell	39,000 -39,000	-50%	-$1.64M	0.11%	116
2013 Q2	$2.68M	Buy	+78,000	New	+$2.68M	0.22%	86