FM

Forward Management Portfolio holdings

AUM $907M
1-Year Return 0.46%
This Quarter Return
+9.06%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$672M
AUM Growth
+$348M
Cap. Flow
+$314M
Cap. Flow %
46.64%
Top 10 Hldgs %
81.42%
Holding
51
New
5
Increased
4
Reduced
11
Closed
5

Top Buys

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$214M
2
QQQ icon
Invesco QQQ Trust
QQQ
$91.4M
3
SPY icon
SPDR S&P 500 ETF Trust
SPY
$51.7M
4
BDN
Brandywine Realty Trust
BDN
$8.71M
5
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
$6.99M

Top Sells

1
SDS icon
ProShares UltraShort S&P500
SDS
$39.5M
2
STAG icon
STAG Industrial
STAG
$5.93M
3
WHLRP
Wheeler Real Estate Investment Trust, Inc. Preferred Stock
WHLRP
$4.11M
4
JCAP
Jernigan Capital, Inc.
JCAP
$3.46M
5
LMRKN
Landmark Infrastructure Partners LP 7% Series C Fltg/Fxd Perpetual Conv Preferred Stock
LMRKN
$1.5M

Sector Composition

1 Real Estate 16.94%
2 Financials 1.29%
3 Consumer Discretionary 1.04%
4 Communication Services 0.14%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
VRE
26
Veris Residential
VRE
$1.47B
$977K 0.15%
44,000
– –
INXN
27
DELISTED
Interxion Holding N.V.
INXN
$936K 0.14%
14,025
– –
DLR icon
28
Digital Realty Trust
DLR
$55.1B
$928K 0.14%
7,800
-20
-0.3% -$2.38K
EQR icon
29
Equity Residential
EQR
$24.9B
$914K 0.14%
12,140
– –
AKR icon
30
Acadia Realty Trust
AKR
$2.62B
$910K 0.14%
33,370
– –
PGRE
31
Paramount Group
PGRE
$1.62B
$876K 0.13%
61,680
– –
HHH icon
32
Howard Hughes
HHH
$4.57B
$871K 0.13%
8,308
– –
WY icon
33
Weyerhaeuser
WY
$18.3B
$855K 0.13%
32,480
– –
ROIC
34
DELISTED
Retail Opportunity Investments Corp.
ROIC
$832K 0.12%
48,000
-110
-0.2% -$1.91K
AVB icon
35
AvalonBay Communities
AVB
$27.2B
$825K 0.12%
+4,110
New +$825K
SLG icon
36
SL Green Realty
SLG
$4.21B
$820K 0.12%
9,421
– –
WHLRP
37
Wheeler Real Estate Investment Trust, Inc. Preferred Stock
WHLRP
$3.81M
$788K 0.12%
60,622
-316,297
-84% -$4.11M
NSA icon
38
National Storage Affiliates Trust
NSA
$2.48B
$633K 0.09%
22,192
+3,352
+18% +$95.6K
FPI
39
Farmland Partners
FPI
$470M
$600K 0.09%
93,800
– –
AAT
40
American Assets Trust
AAT
$1.25B
$551K 0.08%
12,025
-12,625
-51% -$578K
EQIX icon
41
Equinix
EQIX
$74.6B
$544K 0.08%
1,200
-1,105
-48% -$501K
VTR icon
42
Ventas
VTR
$30.6B
$462K 0.07%
7,240
– –
INN
43
Summit Hotel Properties
INN
$610M
$315K 0.05%
27,590
– –
ARE.PRD
44
DELISTED
Alexandria Real Estate Equities, Inc. 7.00% Series D Cumulative Convertible Preferred Stock
ARE.PRD
$2K ﹤0.01%
50
– –
AMH icon
45
American Homes 4 Rent
AMH
$12.8B
– –
-199
Closed -$4K
SDS icon
46
ProShares UltraShort S&P500
SDS
$443M
– –
-184,244
Closed -$39.5M
WHLRD
47
Wheeler Real Estate Investment Trust, Inc. Series D Cumulative Preferred Stock
WHLRD
$64M
– –
-50,000
Closed -$483K
LMRKN
48
DELISTED
Landmark Infrastructure Partners LP 7% Series C Fltg/Fxd Perpetual Conv Preferred Stock
LMRKN
– –
-72,844
Closed -$1.5M
GEN
49
DELISTED
Genesis Healthcare, Inc.
GEN
$0 ﹤0.01%
320
– –
1
2