Forward Management’s Civitas Resources CIVI Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-5,000	Closed	-$120K	–	377
2014 Q4	$120K	Hold	5,000	–	–	0.01%	333
2014 Q3	$285K	Sell	5,000 -5,000	-50%	-$285K	0.02%	278
2014 Q2	$572K	Sell	10,000 -5,000	-33%	-$286K	0.03%	214
2014 Q1	$666K	Buy	15,000 +5,000	+50%	+$222K	0.04%	191
2013 Q4	$435K	Hold	10,000	–	–	0.03%	250
2013 Q3	$483K	Buy	10,000 +5,000	+100%	+$242K	0.03%	221
2013 Q2	$177K	Buy	+5,000	New	+$177K	0.01%	312