FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+4.51%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$603M
AUM Growth
+$603M
Cap. Flow
+$48.3M
Cap. Flow %
8.02%
Top 10 Hldgs %
93.29%
Holding
42
New
7
Increased
6
Reduced
5
Closed
8

Top Buys

1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
$238M
2
SPY icon
SPDR S&P 500 ETF Trust
SPY
$106M
3
XLY icon
Consumer Discretionary Select Sector SPDR Fund
XLY
$52.2M
4
NTST
NETSTREIT Corp
NTST
$6.36M
5
QTS
QTS REALTY TRUST, INC.
QTS
$1.6M

Top Sells

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$196M
2
QQQ icon
Invesco QQQ Trust
QQQ
$116M
3
XLK icon
Technology Select Sector SPDR Fund
XLK
$26.1M
4
JCAP
Jernigan Capital, Inc.
JCAP
$7.31M
5
WY icon
Weyerhaeuser
WY
$7.3M

Sector Composition

1 Real Estate 11.62%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
KIM icon
26
Kimco Realty
KIM
$15.2B
$441K 0.07%
39,100
– –
HHH icon
27
Howard Hughes
HHH
$4.55B
$439K 0.07%
7,720
– –
PGRE
28
Paramount Group
PGRE
$1.62B
$430K 0.07%
61,680
– –
ROIC
29
DELISTED
Retail Opportunity Investments Corp.
ROIC
$430K 0.07%
42,100
– –
SDS icon
30
ProShares UltraShort S&P500
SDS
$447M
$366K 0.06%
+22,968
New +$366K
AKR icon
31
Acadia Realty Trust
AKR
$2.6B
$345K 0.06%
33,370
– –
VTR icon
32
Ventas
VTR
$30.7B
$309K 0.05%
7,240
– –
INN
33
Summit Hotel Properties
INN
$594M
$260K 0.04%
49,890
– –
AAT
34
American Assets Trust
AAT
$1.28B
$241K 0.04%
10,025
– –
ACR
35
ACRES Commercial Realty
ACR
$156M
– –
-810,000
Closed -$2.15M
BIL icon
36
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$41.9B
– –
-2,138,491
Closed -$196M
EPR.PRC icon
37
EPR Properties 5.75% Series C Cumulative Convertible Preferred Shares
EPR.PRC
$130M
– –
-148,700
Closed -$2.71M
QQQ icon
38
Invesco QQQ Trust
QQQ
$364B
– –
-468,408
Closed -$116M
WY icon
39
Weyerhaeuser
WY
$17.9B
– –
-325,100
Closed -$7.3M
XLK icon
40
Technology Select Sector SPDR Fund
XLK
$83.6B
– –
-249,786
Closed -$26.1M
CXP
41
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
– –
-37,700
Closed -$495K
JCAP
42
DELISTED
Jernigan Capital, Inc.
JCAP
– –
-534,000
Closed -$7.31M
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