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Forward Management Portfolio holdings
AUM
$907M
Turnover
36.11%
1-Year Est. Return
0.46%
This Fund
S&P 500
This Quarter Est. Return
+0.25%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$1.54B
AUM Growth
+$322M
(+26%)
Cap. Flow
-$50.9M
Cap. Flow % of AUM
Cap. Flow %
-3.3%
Top 10 Holdings %
Top 10 Hldgs %
43.87%
Holding
405
New
61
Increased
102
Reduced
104
Closed
42
Avg Time Held
0.2
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Digital Realty Trust
DLR
|
+$21.5M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$15.1M |
| 3 |
ASSOCIATED ESTATES REALTY CORP
AEC
|
+$8.66M |
| 4 |
DRE
Duke Realty Corp.
DRE
|
+$7.86M |
| 5 |
Medical Properties Trust
MPT
|
+$5.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$35.1M |
| 2 |
Sun Communities
SUI
|
+$19.9M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.4M |
| 4 |
RPAI
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
|
+$11.3M |
| 5 |
Service Properties Trust
SVC
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 42.44% |
| 2 | Real Estate | 41.3% |
| 3 | Healthcare | 3.44% |
| 4 | Financials | 2.13% |
| 5 | Energy | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $323M | 20.96% |
1,922,584
-68,054
| -3% | -$11.4M |
2013 Q2
1 quarter
|
|
|
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $100M | 6.47% |
1,089,618
-383,262
| -26% | -$35.1M |
2013 Q2
1 quarter
|
|
3
STAG Industrial
STAG
$7.13B
| $44.4M | 2.88% |
2,207,900
+1,805
| +0.1% | +$36.9K |
2013 Q2
1 quarter
|
|
|
4
Service Properties Trust
SVC
$740M
| $36.8M | 2.39% |
261,820
-75,525
| -22% | -$10.5M |
2013 Q2
1 quarter
|
|
5
DELISTED
LXP Industrial Trust
LXP
| $32M | 2.08% |
570,360
-2,000
| -0.3% | -$121K |
2013 Q2
1 quarter
|
|
|
FCH.PRA
6
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
| $30.1M | 1.95% |
1,245,088
| – | – |
2013 Q2
1 quarter
|
|
|
BEE
7
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
| $28.1M | 1.82% |
3,239,240
+33,700
| +1% | +$294K |
2013 Q2
1 quarter
|
|
8
Chatham Lodging
CLDT
$757M
| $28M | 1.81% |
1,565,676
+163,401
| +12% | +$3M |
2013 Q2
1 quarter
|
|
9
Summit Hotel Properties
INN
$782M
| $27M | 1.75% |
2,939,901
+202,000
| +7% | +$1.95M |
2013 Q2
1 quarter
|
|
|
10
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $26.9M | 1.75% |
1,806,250
+569,096
| +46% | +$8.66M |
2013 Q2
1 quarter
|
|
11
DELISTED
Healthcare Realty Trust Incorporated
HR
| $25.4M | 1.65% |
1,100,000
+50,000
| +5% | +$1.22M |
2013 Q2
1 quarter
|
|
|
12
Digital Realty Trust
DLR
$68.1B
| $25.2M | 1.63% |
473,758
+378,558
| +398% | +$21.5M |
2013 Q2
1 quarter
|
|
|
VRE
13
DELISTED
Veris Residential
VRE
| $25M | 1.62% |
1,137,700
+10,000
| +0.9% | +$228K |
2013 Q2
1 quarter
|
|
14
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $23.6M | 1.53% |
2,181,231
+211,000
| +11% | +$2.35M |
2013 Q2
1 quarter
|
|
|
SRC
15
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $23.4M | 1.52% |
569,553
+140,535
| +33% | +$5.78M |
2013 Q2
1 quarter
|
|
16
Franklin Street Properties
FSP
$41.6M
| $20.4M | 1.32% |
1,599,000
-11,000
| -0.7% | -$143K |
2013 Q2
1 quarter
|
|
17
Sabra Healthcare REIT
SBRA
$5.35B
| $19.8M | 1.28% |
860,000
+10,000
| +1% | +$246K |
2013 Q2
1 quarter
|
|
18
DELISTED
COMMONWEALTH REIT 6.50% PFD CUMV CONV SHS SER D
CWH.PRD
| $19.1M | 1.24% |
910,982
| – | – |
2013 Q2
1 quarter
|
|
19
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$110M
| $19M | 1.23% |
644,101
| – | – |
2013 Q2
1 quarter
|
|
20
DELISTED
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
| $18.3M | 1.19% |
727,592
| – | – |
2013 Q2
1 quarter
|
|
21
DELISTED
ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E
AHT.PRE
| $17.7M | 1.15% |
683,000
| – | – |
2013 Q2
1 quarter
|
|
|
AMRE
22
DELISTED
AMREIT INC NEW COM STK
AMRE
| $17.6M | 1.14% |
1,016,689
+191,689
| +23% | +$3.43M |
2013 Q2
1 quarter
|
|
23
Brookdale Senior Living
BKD
$2.19B
| $16.3M | 1.05% |
618,100
-231,900
| -27% | -$6.35M |
2013 Q2
1 quarter
|
|
24
DELISTED
Umh Properties Inc
UMH.PRA.CL
| $16.2M | 1.05% |
630,000
| – | – |
2013 Q2
1 quarter
|
|
25
DELISTED
BIOMED REALTY TRUST INC
BMR
| $15.9M | 1.03% |
855,700
+45,700
| +6% | +$897K |
2013 Q2
1 quarter
|
|
Similar funds
Forward Management's Q3 2013 Portfolio in Review
As of Q3 2013, Forward Management held 405 positions worth $1.54B, up 26% from $1.22B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Forward Management withdrew a net $50.9M in Q3 2013, closing 42 positions and reducing 104 holdings. Its most notable exit was Sun Communities, an estimated $19.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 42% of assets, up from 25% a quarter earlier, followed by Real Estate and Healthcare.
Against the trend, Forward Management opened a new position in iShares MSCI Emerging Markets ETF worth $15.5M.
- Forward Management's largest Q3 2013 buy was iShares MSCI Emerging Markets ETF: 380,978 shares worth $15.5M.
- Forward Management added most to Digital Realty Trust in Q3 2013, an estimated $21.5M increase.
- Forward Management's biggest Q3 2013 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $35.1M.
- Forward Management fully exited Sun Communities in Q3 2013, selling an estimated $19.9M.
- Forward Management's ten largest holdings make up 44% of its $1.54B portfolio in Q3 2013.
- Forward Management opened 61 new positions and closed 42 in Q3 2013.
- Forward Management's portfolio value rose 26% quarter-over-quarter to $1.54B.
Based on Forward Management's 13F filing for Q3 2013, filed 6 Nov 2013.