Forward Management’s Diversified Restaurant Holdings, Inc. Common stock SAUC Stock Holding History

Forward Management’s Portfolio SAUC Stock Details SAUC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-49,000	Closed	-$182K	–	317
2015 Q2	$182K	Hold	49,000	–	–	0.01%	287
2015 Q1	$206K	Hold	49,000	–	–	0.01%	301
2014 Q4	$253K	Sell	49,000 -11,000	-18%	-$54.9K	0.01%	291
2014 Q3	$295K	Hold	60,000	–	–	0.02%	277
2014 Q2	$286K	Hold	60,000	–	–	0.02%	264
2014 Q1	$300K	Buy	60,000 +40,000	+200%	+$200K	0.02%	269
2013 Q4	$95K	Hold	20,000	–	–	0.01%	327
2013 Q3	$131K	Hold	20,000	–	–	0.01%	317
2013 Q2	$159K	Buy	+20,000	New	+$143K	0.01%	313

Other funds holding SAUC

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

ACM

Archon Capital Management Seattle, Washington $177M AUM 108.05% 1-Year Est. Return

GIM

Granahan Investment Management Waltham, Massachusetts $2.07B AUM 56.45% 1-Year Est. Return

Emerald Advisers Leola, Pennsylvania $3.16B AUM 109.58% 1-Year Est. Return

CCPM

Cooper Creek Partners Management New York $2.92B AUM 30.49% 1-Year Est. Return

PCM

Perritt Capital Management Chicago, Illinois $59.8M AUM 26.94% 1-Year Est. Return

EMFAT

Emerald Mutual Fund Advisers Trust Leola, Pennsylvania $2.06B AUM 106.87% 1-Year Est. Return

PFBT

Parkside Financial Bank & Trust Saint Louis, Missouri $1.31B AUM 19.14% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

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

Forward Management's SAUC Position: Q3 2015 in Review

Forward Management sold out of Diversified Restaurant Holdings, Inc. Common stock (SAUC) in Q3 2015, closing a stake of 49,000 shares — an estimated $182K sold.

Forward Management first reported a position in SAUC in Q2 2013 and held it in 9 quarters. The position peaked at $300K in Q1 2014. 27 funds tracked by Wall St. Rank hold SAUC as of Q3 2015.

Forward Management reported no remaining Diversified Restaurant Holdings, Inc. Common stock position as of Q3 2015 after selling out during the quarter.
Forward Management sold 49,000 Diversified Restaurant Holdings, Inc. Common stock shares in Q3 2015, an estimated $182K.
Forward Management first reported a position in Diversified Restaurant Holdings, Inc. Common stock in Q2 2013 and held it in 9 quarters.
Forward Management's Diversified Restaurant Holdings, Inc. Common stock position peaked at $300K in Q1 2014.
27 funds tracked by Wall St. Rank held Diversified Restaurant Holdings, Inc. Common stock as of Q3 2015.

Based on Forward Management's 13F filing for Q3 2015, filed 9 Nov 2015.