Forward Management’s State Street Utilities Select Sector SPDR ETF XLU Stock Holding History

Forward Management’s Portfolio XLU Stock Details XLU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-84,764	Closed	-$2.23M	–	226
2017 Q4	$2.23M	Buy	+84,764	New	+$2.32M	0.25%	49
2017 Q1	–	Sell	-171,896	Closed	-$4.17M	–	213
2016 Q4	$4.17M	Sell	171,896 -15,172	-8%	-$362K	0.29%	68
2016 Q3	$4.58M	Buy	187,068 +18,236	+11%	+$463K	0.35%	45
2016 Q2	$4.43M	Buy	168,832 +20,754	+14%	+$511K	0.37%	41
2016 Q1	$3.67M	Buy	+148,078	New	+$3.42M	0.3%	50
2014 Q4	–	Sell	-1,300	Closed	-$27K	–	435
2014 Q3	$27K	Buy	1,300 +656	+102%	+$13.9K	﹤0.01%	377
2014 Q2	$14K	Buy	+644	New	+$13.7K	﹤0.01%	347

Other funds holding XLU

Cabana LLC Fayetteville, Arkansas $13.3M AUM 22.26% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

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

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

SGI

Swan Global Investments Durango, Colorado $3.39B AUM 20.1% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $289B AUM 60.46% 1-Year Est. Return

Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

Natixis Paris, France $24.8B AUM 35.22% 1-Year Est. Return

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

Forward Management's XLU Position: Q1 2018 in Review

Forward Management sold out of State Street Utilities Select Sector SPDR ETF (XLU) in Q1 2018, closing a stake of 84,764 shares — an estimated $2.23M sold.

Forward Management first reported a position in XLU in Q2 2014 and held it in 7 quarters. The position peaked at $4.58M in Q3 2016. 557 funds tracked by Wall St. Rank hold XLU as of Q1 2018.

Forward Management reported no remaining State Street Utilities Select Sector SPDR ETF position as of Q1 2018 after selling out during the quarter.
Forward Management sold 84,764 State Street Utilities Select Sector SPDR ETF shares in Q1 2018, an estimated $2.23M.
Forward Management first reported a position in State Street Utilities Select Sector SPDR ETF in Q2 2014 and held it in 7 quarters.
Forward Management's State Street Utilities Select Sector SPDR ETF position peaked at $4.58M in Q3 2016.
557 funds tracked by Wall St. Rank held State Street Utilities Select Sector SPDR ETF as of Q1 2018.

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