Forward Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$78.8M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$63M |
| 3 |
Weyerhaeuser
WY
|
+$10.2M |
| 4 |
TCO
Taubman Centers Inc.
TCO
|
+$9.31M |
| 5 |
Macerich
MAC
|
+$4.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street 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 |
Vornado Realty Trust
VNO
|
+$9.11M |
| 4 |
BDN
Brandywine Realty Trust
BDN
|
+$8.18M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$3.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 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 |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
National Storage Affiliates Trust
NSA
$3.53B
| – | – |
-21,540
| Closed | -$718K |
|
|
52
Vornado Realty Trust
VNO
$7.67B
| – | – |
-143,000
| Closed | -$9.11M |
|
|
EQC
53
DELISTED
Equity Commonwealth
EQC
| – | – |
-47,472
| Closed | -$1.63M |
|
|
SRC
54
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| – | – |
-9,800
| Closed | -$469K |
|
|
GEN
55
DELISTED
Genesis Healthcare, Inc.
GEN
| – | – |
-320
| Closed | – |
|
|
UBP.PRG.CL
56
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
| – | – |
-450,080
| Closed | -$11.4M |
|
|
ARE.PRD
57
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
| – | – |
-50
| Closed | -$2K |
|
Similar funds
Forward Management's Q4 2019 Portfolio in Review
As of Q4 2019, Forward Management held 58 positions worth $656M, down 0.17% from $657M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Forward Management withdrew a net $20.6M in Q4 2019, closing 11 positions and reducing 9 holdings. Its most notable exit was Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre, an estimated $11.4M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 18% of assets, down from 19% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Forward Management opened a new position in Taubman Centers Inc. worth $8.44M.
- Forward Management's largest Q4 2019 buy was Taubman Centers Inc.: 271,500 shares worth $8.44M.
- Forward Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $78.8M increase.
- Forward Management's biggest Q4 2019 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $152M.
- Forward Management fully exited Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre in Q4 2019, selling an estimated $11.4M.
- Forward Management's ten largest holdings make up 78% of its $656M portfolio in Q4 2019.
- Forward Management opened 7 new positions and closed 11 in Q4 2019.
- Forward Management's portfolio value fell 0.17% quarter-over-quarter to $656M.
Based on Forward Management's 13F filing for Q4 2019, filed 4 Feb 2020.