Forward Management’s Vanguard Short-Term Treasury ETF VGSH Stock Holding History

Forward Management’s Portfolio VGSH Stock Details VGSH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-125,750	Closed	-$7.64M	–	265
2015 Q4	$7.64M	Hold	125,750	–	–	0.65%	30
2015 Q3	$7.7M	Sell	125,750 -5,100	-4%	-$312K	0.62%	35
2015 Q2	$8M	Sell	130,850 -14,800	-10%	-$904K	0.49%	41
2015 Q1	$8.9M	Sell	145,650 -23,350	-14%	-$1.42M	0.53%	39
2014 Q4	$10.3M	Sell	169,000 -31,900	-16%	-$1.95M	0.56%	32
2014 Q3	$12.2M	Hold	200,900	–	–	0.73%	32
2014 Q2	$12.2M	Sell	200,900 -52,700	-21%	-$3.21M	0.71%	30
2014 Q1	$15.4M	Buy	253,600 +19,700	+8%	+$1.2M	0.89%	25
2013 Q4	$14.2M	Hold	233,900	–	–	0.87%	30
2013 Q3	$14.2M	Hold	233,900	–	–	0.92%	30
2013 Q2	$14.2M	Buy	+233,900	New	+$14.2M	1.17%	29

Other funds holding VGSH

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

WRTC

Wind River Trust Company Jackson, Wyoming $296M AUM 22.15% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $104B AUM 28.3% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

SFG

SNS Financial Group Minneapolis, Minnesota $5.2B AUM 22.05% 1-Year Est. Return

Cambridge Investment Research Advisors Fairfield, Iowa $44.6B AUM 28.94% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Forward Management's VGSH Position: Q1 2016 in Review

Forward Management sold out of Vanguard Short-Term Treasury ETF (VGSH) in Q1 2016, closing a stake of 125,750 shares — an estimated $7.64M sold.

Forward Management first reported a position in VGSH in Q2 2013 and held it in 11 quarters. The position peaked at $15.4M in Q1 2014. 75 funds tracked by Wall St. Rank hold VGSH as of Q1 2016.

Forward Management reported no remaining Vanguard Short-Term Treasury ETF position as of Q1 2016 after selling out during the quarter.
Forward Management sold 125,750 Vanguard Short-Term Treasury ETF shares in Q1 2016, an estimated $7.64M.
Forward Management first reported a position in Vanguard Short-Term Treasury ETF in Q2 2013 and held it in 11 quarters.
Forward Management's Vanguard Short-Term Treasury ETF position peaked at $15.4M in Q1 2014.
75 funds tracked by Wall St. Rank held Vanguard Short-Term Treasury ETF as of Q1 2016.

Based on Forward Management's 13F filing for Q1 2016, filed 13 May 2016.