Forward Management’s SPS Commerce SPSC Stock Holding History

Forward Management’s Portfolio SPSC Stock Details SPSC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-6,000	Closed	-$201K	–	368
2015 Q1	$201K	Hold	6,000	–	–	0.01%	302
2014 Q4	$170K	Hold	6,000	–	–	0.01%	312
2014 Q3	$159K	Hold	6,000	–	–	0.01%	305
2014 Q2	$190K	Hold	6,000	–	–	0.01%	288
2014 Q1	$184K	Hold	6,000	–	–	0.01%	293
2013 Q4	$196K	Buy	+6,000	New	+$204K	0.01%	299

Other funds holding SPSC

Columbia Wanger Asset Management Chicago, Illinois $6.69B AUM 31.14% 1-Year Est. Return

T. Rowe Price Associates

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Wells Fargo San Francisco, California $501B AUM 22.01% 1-Year Est. Return

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

Wasatch Advisors Salt Lake City, Utah $15.3B AUM 25.06% 1-Year Est. Return

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

Conestoga Capital Advisors Wayne, Pennsylvania $5.01B AUM 6.26% 1-Year Est. Return

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

Artisan Partners

Artisan Partners Milwaukee, Wisconsin $61.3B AUM 26.25% 1-Year Est. Return

Weatherbie Capital Boston, Massachusetts $791M AUM 23.31% 1-Year Est. Return