We are live on ! Find out more
FM

Forward Management Portfolio holdings

AUM $907M
1-Year Est. Return 0.46%
This Fund
S&P 500
This Quarter Est. Return
-5.62%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$325M
AUM Growth
-$266M
Cap. Flow
-$221M
Cap. Flow %
-68.17%
Top 10 Hldgs %
69.81%
Holding
159
New
4
Increased
8
Reduced
21
Closed
113

Top Buys

Rank Stock Value
1
SDS icon
ProShares UltraShort S&P500
SDS
+$35.2M
2
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$12.8M
3
DBRG icon
DigitalBridge
DBRG
+$3.48M
4
NSA icon
National Storage Affiliates Trust
NSA
+$505K
5
SBRA icon
Sabra Healthcare REIT
SBRA
+$500K

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$98.4M
2
BHR.PRB
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
+$28M
3
RPT.PRD
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
+$13.2M
4
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
+$9.58M
5
SITC icon
SITE Centers
SITC
+$9.06M

Sector Composition

Rank Sector Weight
1 Real Estate 30.83%
2 Financials 2.35%
3 Communication Services 0.23%
4 Energy 0%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DLR icon
26
Digital Realty Trust
DLR
$64.3B
$833K 0.26%
7,820
-10
-0.1% -$1.1K
PLD icon
27
Prologis
PLD
$140B
$830K 0.26%
14,140
-9,388
-40% -$608K
EQIX icon
28
Equinix
EQIX
$101B
$813K 0.25%
2,305
– –
EQR icon
29
Equity Residential
EQR
$25.9B
$802K 0.25%
12,140
-2,200
-15% -$148K
AKR icon
30
Acadia Realty Trust
AKR
$3B
$793K 0.24%
33,370
– –
PGRE
31
DELISTED
Paramount Group
PGRE
$774K 0.24%
61,680
– –
HHH icon
32
Howard Hughes
HHH
$4.19B
$773K 0.24%
8,308
+10
+0.1% +$1.04K
ROIC
33
DELISTED
Retail Opportunity Investments Corp.
ROIC
$764K 0.24%
48,110
– –
INXN
34
DELISTED
Interxion Holding N.V.
INXN
$759K 0.23%
14,025
– –
SLG icon
35
SL Green Realty
SLG
$3.67B
$722K 0.22%
9,421
-3,791
-29% -$335K
WY icon
36
Weyerhaeuser
WY
$17.7B
$710K 0.22%
32,480
+14,880
+85% +$396K
NSA icon
37
National Storage Affiliates Trust
NSA
$3.45B
$498K 0.15%
+18,840
New +$505K
WHLRD
38
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
$483K 0.15%
50,000
-50,000
-50% -$885K
FPI
39
Farmland Partners
FPI
$424M
$426K 0.13%
93,800
+100
+0.1% +$625
VTR icon
40
Ventas
VTR
$46.7B
$424K 0.13%
7,240
-9,100
-56% -$537K
INN
41
Summit Hotel Properties
INN
$722M
$269K 0.08%
+27,590
New +$313K
AMH icon
42
American Homes 4 Rent
AMH
$12.3B
$4K ﹤0.01%
199
-100
-33% -$2.05K
ARE.PRD
43
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
$2K ﹤0.01%
50
– –
AAPL icon
44
Apple
AAPL
$4.9T
– –
-30,300
Closed -$1.71M
ACN icon
45
Accenture
ACN
$87.9B
– –
-4,484
Closed -$763K
ACWI icon
46
iShares MSCI ACWI ETF
ACWI
$32.8B
– –
-405
Closed -$30K
ACWX icon
47
iShares MSCI ACWI ex US ETF
ACWX
$11.3B
– –
-200,910
Closed -$9.58M
ALEX
48
DELISTED
Alexander & Baldwin
ALEX
– –
-40
Closed -$1K
AMGN icon
49
Amgen
AMGN
$198B
– –
-3,696
Closed -$766K
APOG icon
50
Apogee Enterprises
APOG
$856M
– –
-4,432
Closed -$183K
1
2
3 4 5

Similar funds

B
Brightworth Atlanta, Georgia $933M AUM 15.08% 1-Year Est. Return
BO
BRR OpCo Columbus, Ohio $814M AUM 9.75% 1-Year Est. Return
PS
Portfolio Solutions Royal Oak, Michigan $792M AUM 18.53% 1-Year Est. Return
CGM
Capital Growth Management Boston, Massachusetts $761M AUM 30.71% 1-Year Est. Return
CL
CPWM LLC Seattle, Washington $1.06B AUM 14.49% 1-Year Est. Return
AEPI
AH Equity Partners III Menlo Park, California $744M AUM 69.58% 1-Year Est. Return
AIL
AGF Investments LLC Toronto, Ontario, Canada $1.09B AUM 10.57% 1-Year Est. Return
H6H
Hightower 6M Holding Wichita, Kansas $1.11B AUM

Forward Management's Q4 2018 Portfolio in Review

As of Q4 2018, Forward Management held 159 positions worth $325M, down 45% from $591M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Forward Management withdrew a net $221M in Q4 2018, closing 113 positions and reducing 21 holdings. Its most notable exit was RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest, an estimated $13.2M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 31% of assets, up from 20% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Forward Management opened a new position in ProShares UltraShort S&P500 worth $39.5M.

  • Forward Management's largest Q4 2018 buy was ProShares UltraShort S&P500: 36,849 shares worth $39.5M.
  • Forward Management added most to DigitalBridge in Q4 2018, an estimated $3.48M increase.
  • Forward Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $98.4M.
  • Forward Management fully exited RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest in Q4 2018, selling an estimated $13.2M.
  • Forward Management's ten largest holdings make up 70% of its $325M portfolio in Q4 2018.
  • Forward Management opened 4 new positions and closed 113 in Q4 2018.
  • Forward Management's portfolio value fell 45% quarter-over-quarter to $325M.

Based on Forward Management's 13F filing for Q4 2018, filed 1 Feb 2019.