FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
-5.62%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$325M
AUM Growth
+$325M
Cap. Flow
-$211M
Cap. Flow %
-64.89%
Top 10 Hldgs %
69.81%
Holding
160
New
4
Increased
8
Reduced
21
Closed
113

Top Buys

1
SDS icon
ProShares UltraShort S&P500
SDS
$39.5M
2
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$11.3M
3
DBRG icon
DigitalBridge
DBRG
$2.85M
4
NSA icon
National Storage Affiliates Trust
NSA
$498K
5
SBRA icon
Sabra Healthcare REIT
SBRA
$410K

Top Sells

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$91.2M
2
BHR.PRB
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$27.6M
3
RPT.PRD
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$13.2M
4
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
$9.58M
5
SITC icon
SITE Centers
SITC
$9.06M

Sector Composition

1 Real Estate 30.83%
2 Financials 2.35%
3 Communication Services 0.23%
4 Energy 0%
5 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
TXN icon
126
Texas Instruments
TXN
$182B
– –
-12,801
Closed -$1.37M
UBS icon
127
UBS Group
UBS
$126B
– –
-152
Closed -$2K
UL icon
128
Unilever
UL
$156B
– –
-38,770
Closed -$2.13M
USB icon
129
US Bancorp
USB
$75.5B
– –
-23,224
Closed -$1.23M
VEEV icon
130
Veeva Systems
VEEV
$44.1B
– –
-5,205
Closed -$566K
VIRT icon
131
Virtu Financial
VIRT
$3.5B
– –
-20,887
Closed -$427K
VNO icon
132
Vornado Realty Trust
VNO
$7.28B
– –
-20
Closed -$1K
WELL icon
133
Welltower
WELL
$112B
– –
-20
Closed -$1K
WEX icon
134
WEX
WEX
$5.79B
– –
-2,690
Closed -$540K
WMT icon
135
Walmart
WMT
$781B
– –
-8,839
Closed -$830K
WPP icon
136
WPP
WPP
$5.65B
– –
-19,248
Closed -$1.41M
XOM icon
137
Exxon Mobil
XOM
$489B
– –
-166
Closed -$14K
JBTM
138
JBT Marel Corporation
JBTM
$7.39B
– –
-5,293
Closed -$632K
CTLT
139
DELISTED
CATALENT, INC.
CTLT
– –
-5,688
Closed -$259K
RPT.PRD
140
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
– –
-245,770
Closed -$13.2M
BKI
141
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-5,427
Closed -$282K
SJR
142
DELISTED
Shaw Communications Inc.
SJR
– –
-55,494
Closed -$1.08M
ACC
143
DELISTED
American Campus Communities, Inc.
ACC
– –
-20
Closed -$1K
NP
144
DELISTED
Neenah, Inc. Common Stock
NP
– –
-5,301
Closed -$458K
PRAH
145
DELISTED
PRA Health Sciences, Inc.
PRAH
– –
-4,480
Closed -$494K
CMD
146
DELISTED
Cantel Medical Corporation
CMD
– –
-2,093
Closed -$193K
GEN
147
DELISTED
Genesis Healthcare, Inc.
GEN
$0 ﹤0.01%
320
– –
TCO
148
DELISTED
Taubman Centers Inc.
TCO
– –
-145,535
Closed -$8.71M
CSFL
149
DELISTED
CenterState Bank Corporation Common Stock
CSFL
– –
-11,454
Closed -$321K
BT
150
DELISTED
BT Group plc (ADR)
BT
– –
-8,234
Closed -$122K
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