Forward Management’s Pebblebrook Hotel Trust PEB Stock Holding History

Forward Management’s Portfolio PEB Stock Details PEB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-935,800	Closed	-$24.6M	–	221
2016 Q2	$24.6M	Buy	935,800 +904,796	+2,918%	+$24M	2.06%	13
2016 Q1	$901K	Buy	+31,004	New	+$803K	0.07%	127
2015 Q3	–	Sell	-33,700	Closed	-$1.45M	–	295
2015 Q2	$1.45M	Hold	33,700	–	–	0.09%	132
2015 Q1	$1.57M	Buy	33,700 +8,300	+33%	+$396K	0.09%	130
2014 Q4	$1.16M	Sell	25,400 -4,600	-15%	-$193K	0.06%	160
2014 Q3	$1.12M	Buy	+30,000	New	+$1.13M	0.07%	160

Other funds holding PEB

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

Cohen & Steers New York $63.2B AUM 17.15% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Daiwa Securities Group Tokyo, Japan $51.1B AUM 35.55% 1-Year Est. Return

SAM

Silvercrest Asset Management New York $15.3B AUM 40.56% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

CIMLRA

CBRE Investment Management Listed Real Assets Radnor, Pennsylvania $7.18B AUM 18.15% 1-Year Est. Return

BIT

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

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Forward Management's PEB Position: Q3 2016 in Review

Forward Management sold out of Pebblebrook Hotel Trust (PEB) in Q3 2016, closing a stake of 935,800 shares — an estimated $24.6M sold.

Forward Management first reported a position in PEB in Q3 2014 and held it in 6 quarters. The position peaked at $24.6M in Q2 2016. 203 funds tracked by Wall St. Rank hold PEB as of Q3 2016.

Forward Management reported no remaining Pebblebrook Hotel Trust position as of Q3 2016 after selling out during the quarter.
Forward Management sold 935,800 Pebblebrook Hotel Trust shares in Q3 2016, an estimated $24.6M.
Forward Management first reported a position in Pebblebrook Hotel Trust in Q3 2014 and held it in 6 quarters.
Forward Management's Pebblebrook Hotel Trust position peaked at $24.6M in Q2 2016.
203 funds tracked by Wall St. Rank held Pebblebrook Hotel Trust as of Q3 2016.

Based on Forward Management's 13F filing for Q3 2016, filed 4 Nov 2016.