FM

Forward Management Portfolio holdings

AUM $907M
1-Year Return 0.46%
This Quarter Return
+1.65%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$657M
AUM Growth
+$90.8M
Cap. Flow
-$31.1M
Cap. Flow %
-4.74%
Top 10 Hldgs %
78.11%
Holding
52
New
4
Increased
3
Reduced
18
Closed
1

Top Buys

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$99M
2
QQQ icon
Invesco QQQ Trust
QQQ
$20.4M
3
EQC
Equity Commonwealth
EQC
$1.63M
4
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
$469K
5
NSA icon
National Storage Affiliates Trust
NSA
$50K

Top Sells

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$120M
2
GDX icon
VanEck Gold Miners ETF
GDX
$24M
3
BHR.PRB
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$4.26M
4
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$1.56M
5
BRX icon
Brixmor Property Group
BRX
$1.16M

Sector Composition

1 Real Estate 18.79%
2 Financials 1.49%
3 Consumer Discretionary 1.26%
4 Communication Services 0.15%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MAA icon
26
Mid-America Apartment Communities
MAA
$16.8B
$1.08M 0.16%
8,300
-400
-5% -$52K
ARE icon
27
Alexandria Real Estate Equities
ARE
$14B
$1.03M 0.16%
6,715
-300
-4% -$46.2K
EQR icon
28
Equity Residential
EQR
$24.8B
$1.03M 0.16%
11,940
-200
-2% -$17.2K
HHH icon
29
Howard Hughes
HHH
$4.56B
$1M 0.15%
8,098
-210
-3% -$26K
DLR icon
30
Digital Realty Trust
DLR
$54.9B
$987K 0.15%
7,600
-200
-3% -$26K
FRT icon
31
Federal Realty Investment Trust
FRT
$8.66B
$983K 0.15%
7,220
-200
-3% -$27.2K
INXN
32
DELISTED
Interxion Holding N.V.
INXN
$980K 0.15%
12,025
-1,000
-8% -$81.5K
AKR icon
33
Acadia Realty Trust
AKR
$2.61B
$954K 0.15%
33,370
– –
WY icon
34
Weyerhaeuser
WY
$18.2B
$900K 0.14%
32,500
– –
AVB icon
35
AvalonBay Communities
AVB
$27.4B
$885K 0.13%
4,110
– –
PGRE
36
Paramount Group
PGRE
$1.65B
$823K 0.13%
61,680
– –
ROIC
37
DELISTED
Retail Opportunity Investments Corp.
ROIC
$768K 0.12%
42,100
-3,000
-7% -$54.7K
NSA icon
38
National Storage Affiliates Trust
NSA
$2.48B
$718K 0.11%
21,540
+1,500
+7% +$50K
SLG icon
39
SL Green Realty
SLG
$4.24B
$697K 0.11%
8,801
– –
EQIX icon
40
Equinix
EQIX
$74.5B
$692K 0.11%
1,200
– –
FPI
41
Farmland Partners
FPI
$470M
$602K 0.09%
90,200
– –
VTR icon
42
Ventas
VTR
$30.8B
$529K 0.08%
7,240
– –
SRC
43
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$469K 0.07%
+9,800
New +$469K
AAT
44
American Assets Trust
AAT
$1.26B
$468K 0.07%
10,025
– –
INN
45
Summit Hotel Properties
INN
$603M
$320K 0.05%
27,590
– –
DIA icon
46
SPDR Dow Jones Industrial Average ETF Trust
DIA
$39.7B
$31K ﹤0.01%
+114
New +$31K
IWM icon
47
iShares Russell 2000 ETF
IWM
$66.7B
$22K ﹤0.01%
+148
New +$22K
GDX icon
48
VanEck Gold Miners ETF
GDX
$19.3B
$9K ﹤0.01%
338
-901,675
-100% -$24M
ARE.PRD
49
DELISTED
Alexandria Real Estate Equities, Inc. 7.00% Series D Cumulative Convertible Preferred Stock
ARE.PRD
$2K ﹤0.01%
50
– –
BRX icon
50
Brixmor Property Group
BRX
$8.56B
– –
-65,000
Closed -$1.16M
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