FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+15.98%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$546M
AUM Growth
+$546M
Cap. Flow
+$507K
Cap. Flow %
0.09%
Top 10 Hldgs %
89.92%
Holding
49
New
3
Increased
7
Reduced
6
Closed
14

Top Buys

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$91.5M
2
QQQ icon
Invesco QQQ Trust
QQQ
$60.7M
3
XLK icon
Technology Select Sector SPDR Fund
XLK
$26.1M
4
WELL icon
Welltower
WELL
$6.47M
5
AVB icon
AvalonBay Communities
AVB
$3.87M

Top Sells

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$149M
2
DIA icon
SPDR Dow Jones Industrial Average ETF Trust
DIA
$19.3M
3
EPR.PRE icon
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$6.24M
4
DOC icon
Healthpeak Properties
DOC
$5.88M
5
STWD icon
Starwood Property Trust
STWD
$2.7M

Sector Composition

1 Real Estate 14.46%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
KIM icon
26
Kimco Realty
KIM
$15.2B
$502K 0.09%
39,100
– –
CXP
27
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$495K 0.09%
37,700
– –
ROIC
28
DELISTED
Retail Opportunity Investments Corp.
ROIC
$477K 0.09%
42,100
– –
PGRE
29
Paramount Group
PGRE
$1.62B
$475K 0.09%
61,680
– –
AKR icon
30
Acadia Realty Trust
AKR
$2.6B
$433K 0.08%
33,370
– –
SLG icon
31
SL Green Realty
SLG
$4.16B
$420K 0.08%
8,520
– –
HHH icon
32
Howard Hughes
HHH
$4.55B
$401K 0.07%
7,720
– –
INN
33
Summit Hotel Properties
INN
$594M
$296K 0.05%
49,890
– –
AAT
34
American Assets Trust
AAT
$1.28B
$279K 0.05%
10,025
– –
VTR icon
35
Ventas
VTR
$30.7B
$265K 0.05%
7,240
– –
APLE icon
36
Apple Hospitality REIT
APLE
$3.05B
– –
-80
Closed -$1K
BHR.PRB
37
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$59.6M
– –
-263,868
Closed -$1.47M
DIA icon
38
SPDR Dow Jones Industrial Average ETF Trust
DIA
$39.7B
– –
-88,162
Closed -$19.3M
DOC icon
39
Healthpeak Properties
DOC
$12.3B
– –
-246,700
Closed -$5.88M
EPR.PRE icon
40
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$107M
– –
-290,110
Closed -$6.24M
EQR icon
41
Equity Residential
EQR
$24.7B
– –
-40
Closed -$2K
IWB icon
42
iShares Russell 1000 ETF
IWB
$43.1B
– –
-14,238
Closed -$2.02M
PFF icon
43
iShares Preferred and Income Securities ETF
PFF
$14.4B
– –
-80,100
Closed -$2.55M
PLD icon
44
Prologis
PLD
$103B
– –
-6,540
Closed -$525K
SDS icon
45
ProShares UltraShort S&P500
SDS
$447M
– –
-270
Closed -$8K
STWD icon
46
Starwood Property Trust
STWD
$7.44B
– –
-263,300
Closed -$2.7M
VV icon
47
Vanguard Large-Cap ETF
VV
$44.3B
– –
-26
Closed -$3K
STAY
48
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
– –
-150
Closed -$1K
GEN
49
DELISTED
Genesis Healthcare, Inc.
GEN
– –
-320
Closed –
1
2