FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
-5.62%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$325M
AUM Growth
+$325M
Cap. Flow
-$211M
Cap. Flow %
-64.89%
Top 10 Hldgs %
69.81%
Holding
160
New
4
Increased
8
Reduced
21
Closed
113

Top Buys

1
SDS icon
ProShares UltraShort S&P500
SDS
$39.5M
2
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$11.3M
3
DBRG icon
DigitalBridge
DBRG
$2.85M
4
NSA icon
National Storage Affiliates Trust
NSA
$498K
5
SBRA icon
Sabra Healthcare REIT
SBRA
$410K

Top Sells

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$91.2M
2
BHR.PRB
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$27.6M
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

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 Shares
Change % 		Capital Flow
DLR icon
26
Digital Realty Trust
DLR
$57.2B
$833K 0.26%
7,820
-10
-0.1% -$1.07K
PLD icon
27
Prologis
PLD
$106B
$830K 0.26%
14,140
-9,388
-40% -$551K
EQIX icon
28
Equinix
EQIX
$76.9B
$813K 0.25%
2,305
– –
EQR icon
29
Equity Residential
EQR
$25.3B
$802K 0.25%
12,140
-2,200
-15% -$145K
AKR icon
30
Acadia Realty Trust
AKR
$2.62B
$793K 0.24%
33,370
– –
PGRE
31
Paramount Group
PGRE
$1.59B
$774K 0.24%
61,680
– –
HHH icon
32
Howard Hughes
HHH
$4.53B
$773K 0.24%
7,920
+10
+0.1% +$976
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
$4.04B
$722K 0.22%
9,120
-3,670
-29% -$291K
WY icon
36
Weyerhaeuser
WY
$18.7B
$710K 0.22%
32,480
+14,880
+85% +$325K
NSA icon
37
National Storage Affiliates Trust
NSA
$2.47B
$498K 0.15%
+18,840
New +$498K
WHLRD
38
Wheeler Real Estate Investment Trust, Inc. Series D Cumulative Preferred Stock
WHLRD
$63M
$483K 0.15%
50,000
-50,000
-50% -$483K
FPI
39
Farmland Partners
FPI
$487M
$426K 0.13%
93,800
+100
+0.1% +$454
VTR icon
40
Ventas
VTR
$30.9B
$424K 0.13%
7,240
-9,100
-56% -$533K
INN
41
Summit Hotel Properties
INN
$596M
$269K 0.08%
+27,590
New +$269K
AMH icon
42
American Homes 4 Rent
AMH
$13.3B
$4K ﹤0.01%
199
-100
-33% -$2.01K
ARE.PRD
43
DELISTED
Alexandria Real Estate Equities, Inc. 7.00% Series D Cumulative Convertible Preferred Stock
ARE.PRD
$2K ﹤0.01%
50
– –
AAPL icon
44
Apple
AAPL
$3.45T
– –
-7,575
Closed -$1.71M
ABEV icon
45
Ambev
ABEV
$34.9B
– –
0
– –
ACN icon
46
Accenture
ACN
$162B
– –
-4,484
Closed -$763K
ACWI icon
47
iShares MSCI ACWI ETF
ACWI
$22B
– –
-405
Closed -$30K
ACWX icon
48
iShares MSCI ACWI ex US ETF
ACWX
$6.63B
– –
-200,910
Closed -$9.58M
ALEX
49
Alexander & Baldwin
ALEX
$1.41B
– –
-40
Closed -$1K
AMGN icon
50
Amgen
AMGN
$155B
– –
-3,696
Closed -$766K
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