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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
+0.84%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
-$247M
(-17%)
Cap. Flow
-$253M
Cap. Flow % of AUM
Cap. Flow %
-21.31%
Top 10 Holdings %
Top 10 Hldgs %
51.12%
Holding
240
New
14
Increased
54
Reduced
61
Closed
56
Avg Time Held
2.3
years
Top 10 Avg Time Held
1.8
years
Top 20 Avg Time Held
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$70.2M |
| 2 |
DigitalBridge
DBRG
|
+$41.4M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$30.9M |
| 4 |
WPG
Washington Prime Group Inc.
WPG
|
+$26.6M |
| 5 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$23.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$123M |
| 2 |
CLNY
Colony Capital, Inc.
CLNY
|
+$37.8M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$36.3M |
| 4 |
American Homes 4 Rent
AMH
|
+$30.3M |
| 5 |
Enterprise Products Partners
EPD
|
+$20.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 52.12% |
| 2 | Real Estate | 35.44% |
| 3 | Financials | 4.49% |
| 4 | Technology | 1.42% |
| 5 | Communication Services | 1.41% |
| 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
$795B
| $200M | 16.9% |
850,379
+302,141
| +55% | +$70.2M |
2013 Q2
15 quarters
|
|
|
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $107M | 8.99% |
1,165,974
+256,569
| +28% | +$23.5M |
2013 Q2
15 quarters
|
|
|
AHP.PRB
3
DELISTED
Ashford Hospitality Prime, Inc.
AHP.PRB
| $55.1M | 4.64% |
2,800,000
+200,000
| +8% | +$4.13M |
2016 Q3
2 quarters
|
|
|
4
Invesco QQQ Trust
QQQ
$460B
| $48.1M | 4.06% |
363,388
+242,208
| +200% | +$30.9M |
2016 Q3
2 quarters
|
|
5
Chatham Lodging
CLDT
$699M
| $40.3M | 3.4% |
2,040,738
| – | – |
2013 Q2
15 quarters
|
|
|
6
DELISTED
DigitalBridge
DBRG
| $38M | 3.21% |
+736,100
| New | +$41.4M |
2017 Q1
0 quarters
|
|
7
STAG Industrial
STAG
$7.23B
| $35.2M | 2.97% |
1,406,306
| – | – |
2013 Q2
15 quarters
|
|
8
Sabra Healthcare REIT
SBRA
$5.04B
| $32.3M | 2.72% |
1,156,825
| – | – |
2013 Q2
15 quarters
|
|
9
Kite Realty
KRG
$5.1B
| $25.2M | 2.13% |
1,172,348
+657,400
| +128% | +$14.9M |
2016 Q4
1 quarter
|
|
|
FCH.PRA
10
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
| $25M | 2.11% |
1,025,000
| – | – |
2013 Q2
15 quarters
|
|
|
WPG
11
DELISTED
Washington Prime Group Inc.
WPG
| $24.9M | 2.1% |
+317,943
| New | +$26.6M |
2017 Q1
0 quarters
|
|
12
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $24.2M | 2.04% |
2,157,400
+48,400
| +2% | +$540K |
2016 Q3
2 quarters
|
|
13
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$109M
| $23.1M | 1.94% |
644,101
| – | – |
2013 Q2
15 quarters
|
|
14
Franklin Street Properties
FSP
$44.7M
| $22.7M | 1.91% |
1,870,400
-50,000
| -3% | -$619K |
2013 Q2
15 quarters
|
|
|
15
American Homes 4 Rent
AMH
$11.5B
| $21.2M | 1.79% |
925,141
-1,356,293
| -59% | -$30.3M |
2013 Q3
14 quarters
|
|
16
SITE Centers
SITC
$193M
| $19.4M | 1.63% |
1,200,704
| – | – |
2013 Q2
15 quarters
|
|
|
TCO
17
DELISTED
Taubman Centers Inc.
TCO
| $16.8M | 1.42% |
254,650
| – | – |
2016 Q1
4 quarters
|
|
18
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $16.4M | 1.39% |
1,152,000
| – | – |
2014 Q2
11 quarters
|
|
19
DELISTED
Umh Properties Inc
UMH.PRA.CL
| $16.3M | 1.37% |
630,000
| – | – |
2013 Q2
15 quarters
|
|
20
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$97.4M
| $15.9M | 1.34% |
316,455
| – | – |
2013 Q2
15 quarters
|
|
|
NYRT
21
DELISTED
New York REIT, Inc.
NYRT
| $13.8M | 1.17% |
142,730
| – | – |
2015 Q2
7 quarters
|
|
|
RSO
22
DELISTED
Resource Capital Corp.
RSO
| $13.6M | 1.15% |
1,396,006
+1,366,219
| +4,587% | +$11.9M |
2016 Q4
1 quarter
|
|
23
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $13.3M | 1.12% |
245,700
| – | – |
2013 Q2
15 quarters
|
|
24
DELISTED
Jernigan Capital, Inc.
JCAP
| $12.1M | 1.02% |
525,000
| – | – |
2016 Q4
1 quarter
|
|
25
DELISTED
National Storage Affiliates Trust
NSA
| $12M | 1.01% |
501,036
-597,364
| -54% | -$13.9M |
2015 Q2
7 quarters
|
|
Similar funds
Forward Management's Q1 2017 Portfolio in Review
As of Q1 2017, Forward Management held 240 positions worth $1.19B, down 17% from $1.43B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Forward Management withdrew a net $253M in Q1 2017, closing 56 positions and reducing 61 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 46% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Forward Management opened a new position in DigitalBridge worth $38M.
- Forward Management's largest Q1 2017 buy was DigitalBridge: 736,100 shares worth $38M.
- Forward Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2017, an estimated $70.2M increase.
- Forward Management's biggest Q1 2017 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $36.3M.
- Forward Management fully exited iShares Russell 2000 ETF in Q1 2017, selling an estimated $123M.
- Forward Management's ten largest holdings make up 51% of its $1.19B portfolio in Q1 2017.
- Forward Management opened 14 new positions and closed 56 in Q1 2017.
- Forward Management's portfolio value fell 17% quarter-over-quarter to $1.19B.
Based on Forward Management's 13F filing for Q1 2017, filed 4 May 2017.