FM

Forward Management Portfolio holdings

AUM $907M
1-Year Return 0.46%
This Quarter Return
+6.89%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.83B
AUM Growth
+$159M
Cap. Flow
+$53.1M
Cap. Flow %
2.9%
Top 10 Hldgs %
51.2%
Holding
467
New
80
Increased
105
Reduced
85
Closed
85

Top Buys

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$165M
2
VER
VEREIT, Inc.
VER
$36.2M
3
UBP.PRG.CL
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$11.7M
4
STAG icon
STAG Industrial
STAG
$10.8M
5
SKIS
Peak Resorts, Inc.
SKIS
$10.4M

Top Sells

1
QQQ icon
Invesco QQQ Trust
QQQ
$36M
2
TCO
Taubman Centers Inc.
TCO
$34.3M
3
WPC icon
W.P. Carey
WPC
$31M
4
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$29.7M
5
AEC
ASSOCIATED ESTATES REALTY CORP
AEC
$19.3M

Sector Composition

1 Real Estate 33.68%
2 Healthcare 3.38%
3 Financials 3.15%
4 Consumer Staples 1.55%
5 Industrials 1.55%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
AHH
26
Armada Hoffler Properties
AHH
$588M
$14.2M 0.78%
1,498,411
+3,532
+0.2% +$33.5K
FUR
27
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$14.1M 0.77%
904,272
+61,235
+7% +$955K
UBP.PRG.CL
28
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$11.7M 0.64%
+450,000
New +$11.7M
WPP icon
29
WPP
WPP
$5.83B
$11.4M 0.62%
109,283
+17
+0% +$1.77K
BAP icon
30
Credicorp
BAP
$20.3B
$11M 0.6%
69,483
-17,203
-20% -$2.72M
SKIS
31
DELISTED
Peak Resorts, Inc.
SKIS
$10.4M 0.57%
+1,298,171
New +$10.4M
VGSH icon
32
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$10.3M 0.56%
169,000
-31,900
-16% -$1.94M
AMH icon
33
American Homes 4 Rent
AMH
$12.9B
$9.95M 0.54%
584,000
– –
SHO.PRD
34
DELISTED
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
$9.59M 0.52%
365,592
-362,000
-50% -$9.5M
SPG icon
35
Simon Property Group
SPG
$59.3B
$9.47M 0.52%
51,993
+1,500
+3% +$273K
NVS icon
36
Novartis
NVS
$252B
$9.45M 0.52%
113,842
+5,165
+5% +$429K
CLNY
37
DELISTED
Colony Capital, Inc.
CLNY
$8.93M 0.49%
375,000
– –
CYD icon
38
China Yuchai International
CYD
$1.26B
$8.39M 0.46%
448,794
-147,703
-25% -$2.76M
SAN icon
39
Banco Santander
SAN
$142B
$8.33M 0.45%
1,076,641
-236,311
-18% -$1.83M
MNR
40
DELISTED
Monmouth Real Estate Investment Corp
MNR
$8.23M 0.45%
743,600
– –
FPO
41
DELISTED
First Potomac Realty Trust
FPO
$7.96M 0.43%
644,197
– –
RDS.A
42
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$7.93M 0.43%
118,406
+21,920
+23% +$1.47M
HSBC icon
43
HSBC
HSBC
$227B
$7.65M 0.42%
188,026
+27,712
+17% +$1.13M
EQR icon
44
Equity Residential
EQR
$25.4B
$7.28M 0.4%
101,300
-8,100
-7% -$582K
ABEV icon
45
Ambev
ABEV
$34.9B
$7.22M 0.39%
1,161,333
-307,176
-21% -$1.91M
ACRE
46
Ares Commercial Real Estate
ACRE
$280M
$6.61M 0.36%
575,700
-15,000
-3% -$172K
HMSY
47
DELISTED
HMS Holdings Corp.
HMSY
$6.36M 0.35%
339,234
+35,345
+12% +$662K
VGIT icon
48
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.5B
$5.87M 0.32%
+90,950
New +$5.87M
EPR.PRC icon
49
EPR Properties 5.75% Series C Cumulative Convertible Preferred Shares
EPR.PRC
$129M
$5.86M 0.32%
248,700
– –
PSA icon
50
Public Storage
PSA
$52.1B
$5.67M 0.31%
30,694
+1,268
+4% +$234K
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