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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
+2.67%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$1.18B
AUM Growth
-$61.9M
(-5%)
Cap. Flow
-$88M
Cap. Flow % of AUM
Cap. Flow %
-7.46%
Top 10 Holdings %
Top 10 Hldgs %
47.97%
Holding
297
New
31
Increased
75
Reduced
86
Closed
37
Avg Time Held
1.6
years
Top 10 Avg Time Held
1.3
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$46.6M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$45.2M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$31.7M |
| 4 |
Sabra Healthcare REIT
SBRA
|
+$16.1M |
| 5 |
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
|
+$2.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$79.5M |
| 2 |
VRE
Veris Residential
VRE
|
+$21.6M |
| 3 |
Summit Hotel Properties
INN
|
+$17.7M |
| 4 |
Retail Opportunity Investments Corp.
ROIC
|
+$16.5M |
| 5 |
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 45.9% |
| 2 | Real Estate | 39.34% |
| 3 | Financials | 3.38% |
| 4 | Consumer Staples | 2.03% |
| 5 | Technology | 1.86% |
| 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
$809B
| $136M | 11.54% |
668,311
+154,144
| +30% | +$31.7M |
2013 Q2
10 quarters
|
|
|
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $118M | 10.01% |
1,293,514
-869,974
| -40% | -$79.5M |
2013 Q2
10 quarters
|
|
|
3
Sabra Healthcare REIT
SBRA
$5.49B
| $48M | 4.07% |
2,372,976
+763,000
| +47% | +$16.1M |
2013 Q2
10 quarters
|
|
|
4
iShares Russell 2000 ETF
IWM
$78.7B
| $45.5M | 3.85% |
+403,671
| New | +$46.6M |
2015 Q4
0 quarters
|
|
|
5
Invesco QQQ Trust
QQQ
$471B
| $45.3M | 3.84% |
+404,896
| New | +$45.2M |
2015 Q4
0 quarters
|
|
6
Chatham Lodging
CLDT
$772M
| $38.4M | 3.25% |
1,875,400
| – | – |
2013 Q2
10 quarters
|
|
7
Franklin Street Properties
FSP
$43.4M
| $37.4M | 3.17% |
3,614,100
-235,300
| -6% | -$2.49M |
2013 Q2
10 quarters
|
|
8
STAG Industrial
STAG
$7.15B
| $35.2M | 2.98% |
1,906,100
+28,600
| +2% | +$557K |
2013 Q2
10 quarters
|
|
9
DELISTED
National Storage Affiliates Trust
NSA
| $34.7M | 2.94% |
2,026,100
-160,000
| -7% | -$2.5M |
2015 Q2
2 quarters
|
|
|
FCH.PRA
10
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
| $27.5M | 2.33% |
1,094,238
| – | – |
2013 Q2
10 quarters
|
|
|
ARPI
11
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $21.9M | 1.86% |
1,160,000
| – | – |
2014 Q2
6 quarters
|
|
|
CLNY
12
DELISTED
Colony Capital, Inc.
CLNY
| $21.4M | 1.81% |
1,100,000
| – | – |
2014 Q3
5 quarters
|
|
13
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$110M
| $19.8M | 1.68% |
644,101
| – | – |
2013 Q2
10 quarters
|
|
|
SIR
14
DELISTED
SELECT INCOME REIT
SIR
| $19.8M | 1.68% |
2,275,000
| – | – |
2015 Q1
3 quarters
|
|
|
WPG
15
DELISTED
Washington Prime Group Inc.
WPG
| $16.8M | 1.42% |
176,157
-609
| -0.3% | -$61.7K |
2014 Q2
6 quarters
|
|
16
DELISTED
Umh Properties Inc
UMH.PRA.CL
| $16.2M | 1.37% |
630,000
| – | – |
2013 Q2
10 quarters
|
|
17
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $15M | 1.27% |
245,700
| – | – |
2013 Q2
10 quarters
|
|
18
DELISTED
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
| $14.4M | 1.22% |
303,428
| – | – |
2013 Q2
10 quarters
|
|
|
19
Summit Hotel Properties
INN
$791M
| $13.9M | 1.17% |
1,160,000
-1,390,000
| -55% | -$17.7M |
2013 Q2
10 quarters
|
|
20
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $13M | 1.1% |
1,240,000
| – | – |
2014 Q2
6 quarters
|
|
|
UBP.PRG.CL
21
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
| $12M | 1.01% |
450,000
| – | – |
2014 Q4
4 quarters
|
|
22
DELISTED
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
| $11.7M | 0.99% |
461,592
+96,000
| +26% | +$2.45M |
2013 Q2
10 quarters
|
|
|
23
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $11.1M | 0.94% |
1,637,764
-2,356,567
| -59% | -$15.2M |
2013 Q2
10 quarters
|
|
|
FUR
24
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $11.1M | 0.94% |
858,037
-31,500
| -4% | -$439K |
2013 Q2
10 quarters
|
|
25
DELISTED
ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E
AHT.PRE
| $10.2M | 0.86% |
402,587
-107,448
| -21% | -$2.75M |
2013 Q2
10 quarters
|
|
Similar funds
Forward Management's Q4 2015 Portfolio in Review
As of Q4 2015, Forward Management held 297 positions worth $1.18B, down 5% from $1.24B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Forward Management withdrew a net $88M in Q4 2015, closing 37 positions and reducing 86 holdings. Its most notable exit was Ladder Capital, an estimated $9.7M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, up from 40% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Forward Management opened a new position in iShares Russell 2000 ETF worth $45.5M.
- Forward Management's largest Q4 2015 buy was iShares Russell 2000 ETF: 403,671 shares worth $45.5M.
- Forward Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2015, an estimated $31.7M increase.
- Forward Management's biggest Q4 2015 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $79.5M.
- Forward Management fully exited Ladder Capital in Q4 2015, selling an estimated $9.7M.
- Forward Management's ten largest holdings make up 48% of its $1.18B portfolio in Q4 2015.
- Forward Management opened 31 new positions and closed 37 in Q4 2015.
- Forward Management's portfolio value fell 5% quarter-over-quarter to $1.18B.
Based on Forward Management's 13F filing for Q4 2015, filed 11 Feb 2016.