Forward Management’s Chipotle Mexican Grill CMG Stock Holding History

Forward Management’s Portfolio CMG Stock Details CMG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-18,750	Closed	-$162K	–	162
2018 Q2	$162K	Sell	18,750 -18,750	-50%	-$153K	0.03%	150
2018 Q1	$242K	Hold	37,500	–	–	0.04%	163
2017 Q4	$217K	Hold	37,500	–	–	0.02%	170
2017 Q3	$231K	Hold	37,500	–	–	0.03%	164
2017 Q2	$312K	Sell	37,500 -12,500	-25%	-$116K	0.03%	160
2017 Q1	$446K	Sell	50,000 -10,000	-17%	-$82.5K	0.04%	140
2016 Q4	$453K	Buy	+60,000	New	+$473K	0.03%	168

Other funds holding CMG

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

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

IFP

Independent Franchise Partners London, United Kingdom $14.3B AUM 3.49% 1-Year Est. Return

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

Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Forward Management's CMG Position: Q3 2018 in Review

Forward Management sold out of Chipotle Mexican Grill (CMG) in Q3 2018, closing a stake of 18,750 shares — an estimated $162K sold.

Forward Management first reported a position in CMG in Q4 2016 and held it in 7 quarters. The position peaked at $453K in Q4 2016. 560 funds tracked by Wall St. Rank hold CMG as of Q3 2018.

Forward Management reported no remaining Chipotle Mexican Grill position as of Q3 2018 after selling out during the quarter.
Forward Management sold 18,750 Chipotle Mexican Grill shares in Q3 2018, an estimated $162K.
Forward Management first reported a position in Chipotle Mexican Grill in Q4 2016 and held it in 7 quarters.
Forward Management's Chipotle Mexican Grill position peaked at $453K in Q4 2016.
560 funds tracked by Wall St. Rank held Chipotle Mexican Grill as of Q3 2018.

Based on Forward Management's 13F filing for Q3 2018, filed 7 Nov 2018.