FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+5.41%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.19B
AUM Growth
+$1.19B
Cap. Flow
-$46.2M
Cap. Flow %
-3.87%
Top 10 Hldgs %
50.94%
Holding
262
New
14
Increased
34
Reduced
129
Closed
38

Top Buys

1
DIA icon
SPDR Dow Jones Industrial Average ETF Trust
DIA
$102M
2
PEB icon
Pebblebrook Hotel Trust
PEB
$23.8M
3
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$23.1M
4
VRE
Veris Residential
VRE
$18.8M
5
TCO
Taubman Centers Inc.
TCO
$15.9M

Top Sells

1
QQQ icon
Invesco QQQ Trust
QQQ
$146M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
$58.1M
3
FUR
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$11.1M
4
SHO.PRD
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
$9.79M
5
SPG icon
Simon Property Group
SPG
$5.64M

Sector Composition

1 Real Estate 38.29%
2 Technology 1.76%
3 Industrials 1.7%
4 Consumer Staples 1.55%
5 Financials 1.5%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CSIQ icon
226
Canadian Solar
CSIQ
$655M
– –
-20,735
Closed -$400K
CSR
227
Centerspace
CSR
$997M
– –
-29,634
Closed -$215K
CUZ icon
228
Cousins Properties
CUZ
$4.95B
– –
-68,500
Closed -$711K
CWT icon
229
California Water Service
CWT
$2.8B
– –
-17,139
Closed -$458K
DRH icon
230
DiamondRock Hospitality
DRH
$1.75B
– –
-29,817
Closed -$302K
DTE icon
231
DTE Energy
DTE
$28.4B
– –
-3,900
Closed -$354K
EEM icon
232
iShares MSCI Emerging Markets ETF
EEM
$19B
– –
-1,695,701
Closed -$58.1M
EGP icon
233
EastGroup Properties
EGP
$9.04B
– –
-6,700
Closed -$404K
EPD icon
234
Enterprise Products Partners
EPD
$69.6B
– –
-36,200
Closed -$891K
ES icon
235
Eversource Energy
ES
$23.8B
– –
-5,800
Closed -$338K
GRP.U
236
Granite Real Estate Investment Trust
GRP.U
$3.47B
– –
-14,600
Closed -$421K
IRT icon
237
Independence Realty Trust
IRT
$4.23B
– –
-154,333
Closed -$1.1M
NEE icon
238
NextEra Energy, Inc.
NEE
$148B
– –
-3,000
Closed -$355K
NHI icon
239
National Health Investors
NHI
$3.72B
– –
-4,969
Closed -$331K
QQQ icon
240
Invesco QQQ Trust
QQQ
$364B
– –
-1,340,945
Closed -$146M
REXR icon
241
Rexford Industrial Realty
REXR
$9.8B
– –
-21,537
Closed -$391K
RLJ icon
242
RLJ Lodging Trust
RLJ
$1.16B
– –
-10,300
Closed -$236K
TRGP icon
243
Targa Resources
TRGP
$36.1B
– –
-14,500
Closed -$433K
TRNO icon
244
Terreno Realty
TRNO
$5.97B
– –
-14,875
Closed -$349K
VNM icon
245
VanEck Vietnam ETF
VNM
$596M
– –
-89,065
Closed -$1.64M
VTR icon
246
Ventas
VTR
$30.9B
– –
-33,732
Closed -$2.12M
XLK icon
247
Technology Select Sector SPDR Fund
XLK
$83.9B
– –
-16,504
Closed -$732K
XLV icon
248
Health Care Select Sector SPDR Fund
XLV
$33.9B
– –
-8,598
Closed -$583K
XLY icon
249
Consumer Discretionary Select Sector SPDR Fund
XLY
$23.2B
– –
-58,547
Closed -$4.63M
APU
250
DELISTED
AmeriGas Partners, L.P.
APU
– –
-11,690
Closed -$508K
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