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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
-4.89%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
-$384M
(-24%)
Cap. Flow
-$310M
Cap. Flow % of AUM
Cap. Flow %
-24.91%
Top 10 Holdings %
Top 10 Hldgs %
44.86%
Holding
338
New
24
Increased
36
Reduced
146
Closed
72
Avg Time Held
1.5
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
1.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$60.7M |
| 2 |
W.P. Carey
WPC
|
+$19.9M |
| 3 |
BIOMED REALTY TRUST INC
BMR
|
+$12M |
| 4 |
CLNY.PRC
Colony Capital, Inc
CLNY.PRC
|
+$9.4M |
| 5 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$6.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$171M |
| 2 |
VER
VEREIT, Inc.
VER
|
+$27.1M |
| 3 |
LPT
Liberty Property Trust
LPT
|
+$21.1M |
| 4 |
Digital Realty Trust
DLR
|
+$18.9M |
| 5 |
TSRE
TRADE STREET RESIDENTIAL, INC. COMMON STOCK
TSRE
|
+$18.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 45.85% |
| 2 | Miscellaneous | 40.07% |
| 3 | Financials | 3% |
| 4 | Consumer Staples | 1.94% |
| 5 | Healthcare | 1.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $198M | 15.91% |
2,163,488
+663,615
| +44% | +$60.7M |
2013 Q2
9 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $98.5M | 7.93% |
514,167
-840,815
| -62% | -$171M |
2013 Q2
9 quarters
|
|
3
Franklin Street Properties
FSP
$44.2M
| $41.4M | 3.33% |
3,849,400
+250,000
| +7% | +$2.79M |
2013 Q2
9 quarters
|
|
4
Chatham Lodging
CLDT
$698M
| $40.3M | 3.24% |
1,875,400
+25,400
| +1% | +$630K |
2013 Q2
9 quarters
|
|
5
Sabra Healthcare REIT
SBRA
$5.04B
| $37.3M | 3% |
1,609,976
-25,024
| -2% | -$639K |
2013 Q2
9 quarters
|
|
6
STAG Industrial
STAG
$7.23B
| $34.2M | 2.75% |
1,877,500
-222
| -0% | -$4.18K |
2013 Q2
9 quarters
|
|
7
Summit Hotel Properties
INN
$765M
| $29.8M | 2.39% |
2,550,000
-300,000
| -11% | -$3.83M |
2013 Q2
9 quarters
|
|
8
DELISTED
National Storage Affiliates Trust
NSA
| $29.6M | 2.38% |
2,186,100
-52,900
| -2% | -$678K |
2015 Q2
1 quarter
|
|
|
FCH.PRA
9
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
| $27.2M | 2.19% |
1,094,238
| – | – |
2013 Q2
9 quarters
|
|
|
CLNY
10
DELISTED
Colony Capital, Inc.
CLNY
| $21.5M | 1.73% |
1,100,000
| – | – |
2014 Q3
4 quarters
|
|
11
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $21.2M | 1.71% |
3,994,331
+500
| +0% | +$2.75K |
2013 Q2
9 quarters
|
|
12
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $20.9M | 1.68% |
1,265,000
+95,000
| +8% | +$1.57M |
2013 Q2
9 quarters
|
|
|
ARPI
13
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $20M | 1.61% |
1,160,000
| – | – |
2014 Q2
5 quarters
|
|
14
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$109M
| $19.7M | 1.59% |
644,101
| – | – |
2013 Q2
9 quarters
|
|
|
15
W.P. Carey
WPC
$14.9B
| $19.4M | 1.56% |
+342,035
| New | +$19.9M |
2015 Q3
0 quarters
|
|
|
VRE
16
DELISTED
Veris Residential
VRE
| $19.2M | 1.54% |
1,015,300
-645,000
| -39% | -$12.7M |
2013 Q2
9 quarters
|
|
|
SIR
17
DELISTED
SELECT INCOME REIT
SIR
| $19M | 1.53% |
2,275,000
| – | – |
2015 Q1
2 quarters
|
|
|
WPG
18
DELISTED
Washington Prime Group Inc.
WPG
| $18.6M | 1.49% |
176,766
-81,667
| -32% | -$9.49M |
2014 Q2
5 quarters
|
|
19
DELISTED
Umh Properties Inc
UMH.PRA.CL
| $16.2M | 1.3% |
630,000
| – | – |
2013 Q2
9 quarters
|
|
20
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$97.4M
| $14.4M | 1.16% |
303,428
| – | – |
2013 Q2
9 quarters
|
|
21
Kite Realty
KRG
$5.09B
| $14.3M | 1.15% |
600,000
| – | – |
2013 Q4
7 quarters
|
|
22
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $13.7M | 1.1% |
245,700
| – | – |
2013 Q2
9 quarters
|
|
23
DELISTED
ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E
AHT.PRE
| $13.1M | 1.06% |
510,035
-86,828
| -15% | -$2.28M |
2013 Q2
9 quarters
|
|
|
FUR
24
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $12.8M | 1.03% |
889,537
-7,500
| -0.8% | -$110K |
2013 Q2
9 quarters
|
|
|
25
DELISTED
BIOMED REALTY TRUST INC
BMR
| $12.5M | 1% |
623,350
+600,000
| +2,570% | +$12M |
2013 Q2
9 quarters
|
|
Similar funds
Forward Management's Q3 2015 Portfolio in Review
As of Q3 2015, Forward Management held 338 positions worth $1.24B, down 24% from $1.63B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Forward Management withdrew a net $310M in Q3 2015, closing 72 positions and reducing 146 holdings. Its most notable exit was TRADE STREET RESIDENTIAL, INC. COMMON STOCK, an estimated $18.4M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 46% of assets, up from 43% a quarter earlier, followed by Miscellaneous and Financials.
Against the trend, Forward Management opened a new position in W.P. Carey worth $19.4M.
- Forward Management's largest Q3 2015 buy was W.P. Carey: 342,035 shares worth $19.4M.
- Forward Management added most to State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q3 2015, an estimated $60.7M increase.
- Forward Management's biggest Q3 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $171M.
- Forward Management fully exited TRADE STREET RESIDENTIAL, INC. COMMON STOCK in Q3 2015, selling an estimated $18.4M.
- Forward Management's ten largest holdings make up 45% of its $1.24B portfolio in Q3 2015.
- Forward Management opened 24 new positions and closed 72 in Q3 2015.
- Forward Management's portfolio value fell 24% quarter-over-quarter to $1.24B.
Based on Forward Management's 13F filing for Q3 2015, filed 9 Nov 2015.