Forward Management’s State Street Financial Select Sector SPDR ETF XLF Stock Holding History

Forward Management’s Portfolio XLF Stock Details XLF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-89,627	Closed	-$2.47M	–	192
2018 Q1	$2.47M	Buy	89,627 +64,334	+254%	+$1.85M	0.36%	38
2017 Q4	$706K	Sell	25,293 -126,566	-83%	-$3.41M	0.08%	121
2017 Q3	$3.93M	Sell	151,859 -18,842	-11%	-$470K	0.44%	38
2017 Q2	$4.21M	Sell	170,701 -4,814	-3%	-$114K	0.36%	45
2017 Q1	$4.17M	Sell	175,515 -8,173	-4%	-$196K	0.35%	43
2016 Q4	$4.27M	Buy	+183,688	New	+$3.94M	0.3%	67
2014 Q4	–	Sell	-1,340	Closed	-$27K	–	434
2014 Q3	$27K	Buy	+1,340	New	+$27.1K	﹤0.01%	376

Other funds holding XLF

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

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

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

SGI

Swan Global Investments Durango, Colorado $3B AUM 15.66% 1-Year Est. Return

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

Forward Management's XLF Position: Q2 2018 in Review

Forward Management sold out of State Street Financial Select Sector SPDR ETF (XLF) in Q2 2018, closing a stake of 89,627 shares — an estimated $2.47M sold.

Forward Management first reported a position in XLF in Q3 2014 and held it in 7 quarters. The position peaked at $4.27M in Q4 2016. 970 funds tracked by Wall St. Rank hold XLF as of Q2 2018.

Forward Management reported no remaining State Street Financial Select Sector SPDR ETF position as of Q2 2018 after selling out during the quarter.
Forward Management sold 89,627 State Street Financial Select Sector SPDR ETF shares in Q2 2018, an estimated $2.47M.
Forward Management first reported a position in State Street Financial Select Sector SPDR ETF in Q3 2014 and held it in 7 quarters.
Forward Management's State Street Financial Select Sector SPDR ETF position peaked at $4.27M in Q4 2016.
970 funds tracked by Wall St. Rank held State Street Financial Select Sector SPDR ETF as of Q2 2018.

Based on Forward Management's 13F filing for Q2 2018, filed 1 Aug 2018.