Forward Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares UltraShort S&P500
SDS
|
+$35.2M |
| 2 |
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
|
+$12.8M |
| 3 |
DigitalBridge
DBRG
|
+$3.48M |
| 4 |
National Storage Affiliates Trust
NSA
|
+$505K |
| 5 |
Sabra Healthcare REIT
SBRA
|
+$500K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$98.4M |
| 2 |
BHR.PRB
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
|
+$28M |
| 3 |
RPT.PRD
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
|
+$13.2M |
| 4 |
iShares MSCI ACWI ex US ETF
ACWX
|
+$9.58M |
| 5 |
SITE Centers
SITC
|
+$9.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 30.83% |
| 2 | Financials | 2.35% |
| 3 | Communication Services | 0.23% |
| 4 | Energy | 0% |
| 5 | Healthcare | 0% |
Similar funds
Forward Management's Q4 2018 Portfolio in Review
As of Q4 2018, Forward Management held 159 positions worth $325M, down 45% from $591M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Forward Management withdrew a net $221M in Q4 2018, closing 113 positions and reducing 21 holdings. Its most notable exit was RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest, an estimated $13.2M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 31% of assets, up from 20% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Forward Management opened a new position in ProShares UltraShort S&P500 worth $39.5M.
- Forward Management's largest Q4 2018 buy was ProShares UltraShort S&P500: 36,849 shares worth $39.5M.
- Forward Management added most to DigitalBridge in Q4 2018, an estimated $3.48M increase.
- Forward Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $98.4M.
- Forward Management fully exited RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest in Q4 2018, selling an estimated $13.2M.
- Forward Management's ten largest holdings make up 70% of its $325M portfolio in Q4 2018.
- Forward Management opened 4 new positions and closed 113 in Q4 2018.
- Forward Management's portfolio value fell 45% quarter-over-quarter to $325M.
Based on Forward Management's 13F filing for Q4 2018, filed 1 Feb 2019.