FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+9.93%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$555M
AUM Growth
+$555M
Cap. Flow
-$85.9M
Cap. Flow %
-15.48%
Top 10 Hldgs %
92.58%
Holding
40
New
6
Increased
4
Reduced
7
Closed
13

Top Buys

1
QQQ icon
Invesco QQQ Trust
QQQ
$27.8M
2
XLV icon
Health Care Select Sector SPDR Fund
XLV
$25.4M
3
IWN icon
iShares Russell 2000 Value ETF
IWN
$16.7M
4
XLB icon
Materials Select Sector SPDR Fund
XLB
$15.5M
5
XLI icon
Industrial Select Sector SPDR Fund
XLI
$15.5M

Top Sells

1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
$100M
2
XLY icon
Consumer Discretionary Select Sector SPDR Fund
XLY
$30.6M
3
LXP.PRC icon
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$14.3M
4
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$12.8M
5
QTS.PRB
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$9.19M

Sector Composition

1 Real Estate 9.83%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
AAT
26
American Assets Trust
AAT
$1.26B
$290K 0.05%
10,025
– –
VTR icon
27
Ventas
VTR
$30.7B
$281K 0.05%
5,720
-1,520
-21% -$74.7K
PGRE
28
Paramount Group
PGRE
$1.62B
– –
-61,680
Closed -$430K
RLJ.PRA icon
29
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$316M
– –
-550,110
Closed -$12.8M
SDS icon
30
ProShares UltraShort S&P500
SDS
$447M
– –
-4,594
Closed -$366K
WELL icon
31
Welltower
WELL
$112B
– –
-125,000
Closed -$6.81M
HHH icon
32
Howard Hughes
HHH
$4.55B
– –
-8,098
Closed -$439K
HPP
33
Hudson Pacific Properties
HPP
$1.07B
– –
-50,100
Closed -$1.08M
INN
34
Summit Hotel Properties
INN
$594M
– –
-49,890
Closed -$260K
KIM icon
35
Kimco Realty
KIM
$15.2B
– –
-39,100
Closed -$441K
LXP.PRC icon
36
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.8M
– –
-243,449
Closed -$14.3M
MAC icon
37
Macerich
MAC
$4.67B
– –
-210,965
Closed -$1.46M
WPC icon
38
W.P. Carey
WPC
$14.6B
– –
-45,945
Closed -$2.93M
QTS.PRB
39
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
– –
-63,500
Closed -$9.19M
QTS
40
DELISTED
QTS REALTY TRUST, INC.
QTS
– –
-25,000
Closed -$1.6M
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