FM

Forward Management Portfolio holdings

AUM $907M
1-Year Return 0.46%
This Quarter Return
+1.87%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.22B
AUM Growth
+$41.1M
Cap. Flow
+$18.1M
Cap. Flow %
1.48%
Top 10 Hldgs %
54.86%
Holding
277
New
17
Increased
44
Reduced
118
Closed
30

Top Buys

1
QQQ icon
Invesco QQQ Trust
QQQ
$102M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
$58.1M
3
AMH icon
American Homes 4 Rent
AMH
$24.4M
4
SLG icon
SL Green Realty
SLG
$13.2M
5
TCO
Taubman Centers Inc.
TCO
$9.62M

Top Sells

1
IWM icon
iShares Russell 2000 ETF
IWM
$45.5M
2
ARPI
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
$21.9M
3
NSA icon
National Storage Affiliates Trust
NSA
$20.6M
4
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$14.2M
5
CCG
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
$11.1M

Sector Composition

1 Real Estate 32.93%
2 Financials 1.96%
3 Industrials 1.56%
4 Technology 1.5%
5 Consumer Staples 1.42%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CACB
201
DELISTED
Cascade Bancorp
CACB
$343K 0.03%
+60,000
New +$343K
ES icon
202
Eversource Energy
ES
$23.6B
$338K 0.03%
+5,800
New +$338K
ETN icon
203
Eaton
ETN
$136B
$336K 0.03%
5,375
-2,979
-36% -$186K
CCP
204
DELISTED
Care Capital Properties, Inc.
CCP
$335K 0.03%
12,482
– –
NHI icon
205
National Health Investors
NHI
$3.72B
$331K 0.03%
4,969
– –
BKU icon
206
Bankunited
BKU
$2.93B
$309K 0.03%
8,972
-4,332
-33% -$149K
CDZI icon
207
Cadiz
CDZI
$291M
$306K 0.03%
58,596
– –
DRH icon
208
DiamondRock Hospitality
DRH
$1.76B
$302K 0.02%
29,817
– –
PPS
209
DELISTED
Post Properties
PPS
$299K 0.02%
5,000
– –
HHH icon
210
Howard Hughes
HHH
$4.69B
$296K 0.02%
2,937
– –
AHH
211
Armada Hoffler Properties
AHH
$585M
$288K 0.02%
25,607
-138,950
-84% -$1.56M
HPP
212
Hudson Pacific Properties
HPP
$1.16B
$244K 0.02%
8,435
-9,111
-52% -$264K
RLJ icon
213
RLJ Lodging Trust
RLJ
$1.18B
$236K 0.02%
10,300
– –
FBRC
214
DELISTED
FBR & Co. Common Stock
FBRC
$219K 0.02%
12,084
– –
CSR
215
Centerspace
CSR
$1.01B
$215K 0.02%
2,963
-6,500
-69% -$472K
PSG
216
DELISTED
Performance Sports Group Ltd.
PSG
$195K 0.02%
61,449
+29,559
+93% +$93.8K
CDK
217
DELISTED
CDK Global, Inc.
CDK
$130K 0.01%
2,797
-96
-3% -$4.46K
GBF icon
218
iShares Government/Credit Bond ETF
GBF
$137M
$83K 0.01%
725
– –
AXP icon
219
American Express
AXP
$227B
$59K ﹤0.01%
965
-9,459
-91% -$578K
FITB icon
220
Fifth Third Bancorp
FITB
$30.2B
$57K ﹤0.01%
3,415
-19,324
-85% -$323K
TIME
221
DELISTED
Time Inc.
TIME
$36K ﹤0.01%
2,318
-11
-0.5% -$171
MUFG icon
222
Mitsubishi UFJ Financial
MUFG
$174B
$31K ﹤0.01%
6,740
-700,444
-99% -$3.22M
XOM icon
223
Exxon Mobil
XOM
$466B
$23K ﹤0.01%
273
-150
-35% -$12.6K
CECO icon
224
Ceco Environmental
CECO
$1.67B
$21K ﹤0.01%
3,416
– –
SSB icon
225
SouthState Bank Corporation
SSB
$10.4B
$21K ﹤0.01%
330
-13,907
-98% -$885K
7 8
9
10 11