Forward Management’s Safehold SAFE Stock Holding History

Forward Management’s Portfolio SAFE Stock Details SAFE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-4,663	Closed	-$257K	–	220
2017 Q4	$257K	Sell	4,663 -3,349	-42%	-$189K	0.03%	165
2017 Q3	$460K	Hold	8,012	–	–	0.05%	140
2017 Q2	$470K	Hold	8,012	–	–	0.04%	144
2017 Q1	$460K	Hold	8,012	–	–	0.04%	139
2016 Q4	$482K	Hold	8,012	–	–	0.03%	165
2016 Q3	$418K	Hold	8,012	–	–	0.03%	167
2016 Q2	$374K	Sell	8,012 -4,162	-34%	-$196K	0.03%	173
2016 Q1	$572K	Buy	+12,174	New	+$560K	0.05%	172
2015 Q2	–	Sell	-11,690	Closed	-$739K	–	365
2015 Q1	$739K	Buy	+11,690	New	+$750K	0.04%	206
2014 Q1	–	Sell	-9,025	Closed	-$627K	–	380
2013 Q4	$627K	Sell	9,025 -6,164	-41%	-$384K	0.04%	198
2013 Q3	$890K	Sell	15,189 -2,527	-14%	-$142K	0.06%	159
2013 Q2	$974K	Buy	+17,716	New	+$991K	0.08%	152

Other funds holding SAFE

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

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

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

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

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

REMS

Real Estate Management Services $167M AUM 37.69% 1-Year Est. Return

PMG

Private Management Group Irvine, California $3.47B AUM 13.39% 1-Year Est. Return

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

Loomis, Sayles & Company Boston, Massachusetts $74.3B AUM 24.01% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Forward Management's SAFE Position: Q1 2018 in Review

Forward Management sold out of Safehold (SAFE) in Q1 2018, closing a stake of 4,663 shares — an estimated $257K sold.

Forward Management first reported a position in SAFE in Q2 2013 and held it in 12 quarters. The position peaked at $974K in Q2 2013. 142 funds tracked by Wall St. Rank hold SAFE as of Q1 2018.

Forward Management reported no remaining Safehold position as of Q1 2018 after selling out during the quarter.
Forward Management sold 4,663 Safehold shares in Q1 2018, an estimated $257K.
Forward Management first reported a position in Safehold in Q2 2013 and held it in 12 quarters.
Forward Management's Safehold position peaked at $974K in Q2 2013.
142 funds tracked by Wall St. Rank held Safehold as of Q1 2018.

Based on Forward Management's 13F filing for Q1 2018, filed 30 Apr 2018.