FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+5.41%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.19B
AUM Growth
+$1.19B
Cap. Flow
-$46.2M
Cap. Flow %
-3.87%
Top 10 Hldgs %
50.94%
Holding
262
New
14
Increased
34
Reduced
129
Closed
38

Top Buys

1
DIA icon
SPDR Dow Jones Industrial Average ETF Trust
DIA
$102M
2
PEB icon
Pebblebrook Hotel Trust
PEB
$23.8M
3
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$23.1M
4
VRE
Veris Residential
VRE
$18.8M
5
TCO
Taubman Centers Inc.
TCO
$15.9M

Top Sells

1
QQQ icon
Invesco QQQ Trust
QQQ
$146M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
$58.1M
3
FUR
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$11.1M
4
SHO.PRD
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
$9.79M
5
SPG icon
Simon Property Group
SPG
$5.64M

Sector Composition

1 Real Estate 38.29%
2 Technology 1.76%
3 Industrials 1.7%
4 Consumer Staples 1.55%
5 Financials 1.5%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
BIL icon
1
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$42.1B
$127M 10.66% 2,780,278 +504,980 +22% +$23.1M
SPY icon
2
SPDR S&P 500 ETF Trust
SPY
$658B
$107M 8.99% 697,203 -9,570 -1% -$1.47M
DIA icon
3
SPDR Dow Jones Industrial Average ETF Trust
DIA
$39.9B
$102M 8.53% +780,570 New +$102M
SBRA icon
4
Sabra Healthcare REIT
SBRA
$4.58B
$49.2M 4.13% 2,383,000 +10,024 +0.4% +$207K
STAG icon
5
STAG Industrial
STAG
$6.88B
$46.3M 3.88% 1,943,000 +19,926 +1% +$474K
AMH icon
6
American Homes 4 Rent
AMH
$13.3B
$46.1M 3.86% 2,248,600 +132,351 +6% +$2.71M
CLDT
7
Chatham Lodging
CLDT
$374M
$42.3M 3.55% 1,926,100 +50,700 +3% +$1.11M
FSP
8
Franklin Street Properties
FSP
$172M
$35.4M 2.97% 2,883,000 +118,900 +4% +$1.46M
SIR
9
DELISTED
SELECT INCOME REIT
SIR
$26M 2.18% 1,000,000 – –
TCO
10
DELISTED
Taubman Centers Inc.
TCO
$25.9M 2.17% 349,100 +214,100 +159% +$15.9M
FCH.PRA
11
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
$25.8M 2.17% 1,025,000 -28,238 -3% -$711K
NSA icon
12
National Storage Affiliates Trust
NSA
$2.47B
$24.9M 2.09% 1,195,000 +139,613 +13% +$2.91M
PEB icon
13
Pebblebrook Hotel Trust
PEB
$1.32B
$24.6M 2.06% 935,800 +904,796 +2,918% +$23.8M
EPR.PRE icon
14
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$108M
$24.1M 2.02% 644,101 – –
VRE
15
Veris Residential
VRE
$1.47B
$19.8M 1.66% 734,000 +695,400 +1,802% +$18.8M
CLNY
16
DELISTED
Colony Capital, Inc.
CLNY
$18.4M 1.54% 1,196,300 +196,500 +20% +$3.02M
WPG
17
DELISTED
Washington Prime Group Inc.
WPG
$17.5M 1.47% 1,565,000 – –
RPT.PRD
18
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$17.3M 1.45% 245,700 – –
UMH.PRA.CL
19
DELISTED
Umh Properties Inc
UMH.PRA.CL
$16.4M 1.38% 630,000 – –
SLG icon
20
SL Green Realty
SLG
$4.04B
$16.1M 1.35% 151,000 -4,975 -3% -$530K
LXP.PRC icon
21
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$15.3M 1.28% 303,428 – –
MNR
22
DELISTED
Monmouth Real Estate Investment Corp
MNR
$15.3M 1.28% 1,152,000 – –
UBP.PRG.CL
23
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$12.6M 1.05% 450,000 – –
INN
24
Summit Hotel Properties
INN
$596M
$11.9M 1% 900,000 -260,000 -22% -$3.44M
CORR.PRA
25
DELISTED
CorEnergy Infrastructure Trust, Inc Depositary Shares representing a 1/100th fractional interest of a share of 7.375% Series A Cumulative Redeemable Preferred Stock
CORR.PRA
$9.38M 0.79% 400,000 – –
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