FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+4.24%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$656M
AUM Growth
+$656M
Cap. Flow
-$14.6M
Cap. Flow %
-2.22%
Top 10 Hldgs %
77.86%
Holding
58
New
7
Increased
6
Reduced
9
Closed
11

Top Buys

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$82.4M
2
IWM icon
iShares Russell 2000 ETF
IWM
$66M
3
WY icon
Weyerhaeuser
WY
$10.6M
4
TCO
Taubman Centers Inc.
TCO
$8.44M
5
MAC icon
Macerich
MAC
$4.38M

Top Sells

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$152M
2
UBP.PRG.CL
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$11.4M
3
VNO icon
Vornado Realty Trust
VNO
$9.11M
4
BDN
Brandywine Realty Trust
BDN
$8.18M
5
QQQ icon
Invesco QQQ Trust
QQQ
$3.81M

Sector Composition

1 Real Estate 18.26%
2 Financials 1.18%
3 Consumer Discretionary 1.18%
4 Communication Services 0.15%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
PINE
26
Alpine Income Property Trust
PINE
$216M
$1.12M 0.17%
+59,042
New +$1.12M
ARE icon
27
Alexandria Real Estate Equities
ARE
$14.1B
$1.09M 0.17%
6,727
+12
+0.2% +$1.94K
INXN
28
DELISTED
Interxion Holding N.V.
INXN
$1.01M 0.15%
12,025
– –
HHH icon
29
Howard Hughes
HHH
$4.53B
$979K 0.15%
7,720
– –
EQR icon
30
Equity Residential
EQR
$25.3B
$966K 0.15%
11,940
– –
FRT icon
31
Federal Realty Investment Trust
FRT
$8.67B
$930K 0.14%
7,220
– –
AKR icon
32
Acadia Realty Trust
AKR
$2.62B
$865K 0.13%
33,370
– –
AVB icon
33
AvalonBay Communities
AVB
$27.9B
$862K 0.13%
4,110
– –
PGRE
34
Paramount Group
PGRE
$1.59B
$859K 0.13%
61,680
– –
DLR icon
35
Digital Realty Trust
DLR
$57.2B
$838K 0.13%
7,000
-600
-8% -$71.8K
KIM icon
36
Kimco Realty
KIM
$15.2B
$810K 0.12%
+39,100
New +$810K
CXP
37
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$788K 0.12%
+37,700
New +$788K
SLG icon
38
SL Green Realty
SLG
$4.04B
$783K 0.12%
8,520
– –
ROIC
39
DELISTED
Retail Opportunity Investments Corp.
ROIC
$744K 0.11%
42,100
– –
EQIX icon
40
Equinix
EQIX
$76.9B
$700K 0.11%
1,200
– –
IWB icon
41
iShares Russell 1000 ETF
IWB
$43.2B
$666K 0.1%
+3,731
New +$666K
FPI
42
Farmland Partners
FPI
$487M
$611K 0.09%
90,200
– –
PLD icon
43
Prologis
PLD
$106B
$583K 0.09%
6,540
-6,500
-50% -$579K
AAT
44
American Assets Trust
AAT
$1.28B
$460K 0.07%
10,025
– –
VTR icon
45
Ventas
VTR
$30.9B
$418K 0.06%
7,240
– –
INN
46
Summit Hotel Properties
INN
$596M
$340K 0.05%
27,590
– –
SRC
47
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
– –
-9,800
Closed -$469K
VNO icon
48
Vornado Realty Trust
VNO
$7.3B
– –
-143,000
Closed -$9.11M
EQC
49
DELISTED
Equity Commonwealth
EQC
– –
-47,472
Closed -$1.63M
GEN
50
DELISTED
Genesis Healthcare, Inc.
GEN
– –
-320
Closed –
1
2
3