FM

Forward Management Portfolio holdings

AUM $907M
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
+$1.22B
Cap. Flow
+$19.3M
Cap. Flow %
1.58%
Top 10 Hldgs %
54.86%
Holding
277
New
17
Increased
45
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
QQQ icon
1
Invesco QQQ Trust
QQQ
$364B
$146M 11.98% 1,340,945 +936,049 +231% +$102M
SPY icon
2
SPDR S&P 500 ETF Trust
SPY
$658B
$145M 11.89% 706,773 +38,462 +6% +$7.9M
BIL icon
3
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$42.1B
$104M 8.51% 2,275,298 -311,729 -12% -$14.2M
EEM icon
4
iShares MSCI Emerging Markets ETF
EEM
$19B
$58.1M 4.75% +1,695,701 New +$58.1M
SBRA icon
5
Sabra Healthcare REIT
SBRA
$4.58B
$47.7M 3.9% 2,372,976 – –
CLDT
6
Chatham Lodging
CLDT
$374M
$40.2M 3.29% 1,875,400 – –
STAG icon
7
STAG Industrial
STAG
$6.88B
$39.2M 3.2% 1,923,074 +16,974 +0.9% +$346K
AMH icon
8
American Homes 4 Rent
AMH
$13.3B
$33.6M 2.75% 2,116,249 +1,532,249 +262% +$24.4M
FSP
9
Franklin Street Properties
FSP
$172M
$29.3M 2.4% 2,764,100 -850,000 -24% -$9.02M
FCH.PRA
10
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
$26.6M 2.17% 1,053,238 -41,000 -4% -$1.03M
SIR
11
DELISTED
SELECT INCOME REIT
SIR
$23.1M 1.89% 1,000,000 – –
EPR.PRE icon
12
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$108M
$22.5M 1.85% 644,101 – –
NSA icon
13
National Storage Affiliates Trust
NSA
$2.47B
$22.4M 1.83% 1,055,387 -970,713 -48% -$20.6M
CLNY
14
DELISTED
Colony Capital, Inc.
CLNY
$16.8M 1.37% 999,800 -100,200 -9% -$1.68M
UMH.PRA.CL
15
DELISTED
Umh Properties Inc
UMH.PRA.CL
$16.3M 1.33% 630,000 – –
RPT.PRD
16
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$16.1M 1.32% 245,700 – –
SLG icon
17
SL Green Realty
SLG
$4.04B
$15.1M 1.24% 155,975 +136,100 +685% +$13.2M
WPG
18
DELISTED
Washington Prime Group Inc.
WPG
$14.9M 1.22% 1,565,000 -20,409 -1% -$194K
LXP.PRC icon
19
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$14.7M 1.2% 303,428 – –
INN
20
Summit Hotel Properties
INN
$596M
$13.9M 1.14% 1,160,000 – –
MNR
21
DELISTED
Monmouth Real Estate Investment Corp
MNR
$13.7M 1.12% 1,152,000 -88,000 -7% -$1.05M
UBP.PRG.CL
22
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$12M 0.98% 450,000 – –
FUR
23
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$11.1M 0.91% 843,037 -15,000 -2% -$197K
SHO.PRD
24
DELISTED
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
$9.79M 0.8% 391,183 -70,409 -15% -$1.76M
TCO
25
DELISTED
Taubman Centers Inc.
TCO
$9.62M 0.79% +135,000 New +$9.62M
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