FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+4.04%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$608M
AUM Growth
+$608M
Cap. Flow
-$97.9M
Cap. Flow %
-16.12%
Top 10 Hldgs %
54.65%
Holding
202
New
13
Increased
45
Reduced
94
Closed
34

Top Buys

1
BHR.PRB
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$49.7M
2
AMH icon
American Homes 4 Rent
AMH
$13.5M
3
ACR
ACRES Commercial Realty
ACR
$9.45M
4
PK icon
Park Hotels & Resorts
PK
$8.44M
5
AHH
Armada Hoffler Properties
AHH
$3.73M

Top Sells

1
AHP.PRB
Ashford Hospitality Prime, Inc.
AHP.PRB
$52M
2
SPY icon
SPDR S&P 500 ETF Trust
SPY
$39.9M
3
RSO
Resource Capital Corp.
RSO
$8.89M
4
MINT icon
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$8.55M
5
JCAP
Jernigan Capital, Inc.
JCAP
$5.82M

Sector Composition

1 Real Estate 25.78%
2 Financials 4.8%
3 Technology 3.45%
4 Communication Services 1.86%
5 Healthcare 1.76%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
RSO
176
DELISTED
Resource Capital Corp.
RSO
– –
-934,732
Closed -$8.89M
MON
177
DELISTED
Monsanto Co
MON
– –
-2,680
Closed -$313K
TWX
178
DELISTED
Time Warner Inc
TWX
– –
-6,073
Closed -$574K
GOV
179
DELISTED
Government Properties Income Trust
GOV
– –
-61,200
Closed -$836K
CZZ
180
DELISTED
Cosan Limited
CZZ
– –
-375
Closed -$4K
XLY icon
181
Consumer Discretionary Select Sector SPDR Fund
XLY
$23.2B
– –
-48,533
Closed -$4.92M
XLV icon
182
Health Care Select Sector SPDR Fund
XLV
$33.8B
– –
-30,823
Closed -$2.51M
XLF icon
183
Financial Select Sector SPDR Fund
XLF
$53.6B
– –
-89,627
Closed -$2.47M
XLB icon
184
Materials Select Sector SPDR Fund
XLB
$5.46B
– –
-13,918
Closed -$792K
XHB icon
185
SPDR S&P Homebuilders ETF
XHB
$1.91B
– –
-88,498
Closed -$3.61M
WHR icon
186
Whirlpool
WHR
$5B
– –
-4,030
Closed -$617K
VNQ icon
187
Vanguard Real Estate ETF
VNQ
$34.1B
– –
-10,000
Closed -$755K
VIS icon
188
Vanguard Industrials ETF
VIS
$6.05B
– –
-30,108
Closed -$4.19M
VGT icon
189
Vanguard Information Technology ETF
VGT
$99.1B
– –
-28,566
Closed -$4.89M
SU icon
190
Suncor Energy
SU
$49.3B
– –
-5,600
Closed -$193K
STLA icon
191
Stellantis
STLA
$26.4B
– –
-60,495
Closed -$1.24M
SITC icon
192
SITE Centers
SITC
$475M
– –
-57,500
Closed -$422K
KNX icon
193
Knight Transportation
KNX
$7.07B
– –
-13,120
Closed -$604K
KKR icon
194
KKR & Co
KKR
$120B
– –
-26,980
Closed -$548K
JBHT icon
195
JB Hunt Transport Services
JBHT
$14.1B
– –
-5,370
Closed -$629K
IXUS icon
196
iShares Core MSCI Total International Stock ETF
IXUS
$47.6B
– –
-1,358
Closed -$86K
IVZ icon
197
Invesco
IVZ
$9.68B
– –
-17,951
Closed -$575K
IJR icon
198
iShares Core S&P Small-Cap ETF
IJR
$84.4B
– –
-10
Closed -$1K
GE icon
199
GE Aerospace
GE
$293B
– –
-14,100
Closed -$190K
FXI icon
200
iShares China Large-Cap ETF
FXI
$6.65B
– –
-65,515
Closed -$3.1M
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