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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
+0.18%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$893M
AUM Growth
-$284M
(-24%)
Cap. Flow
-$287M
Cap. Flow % of AUM
Cap. Flow %
-32.13%
Top 10 Holdings %
Top 10 Hldgs %
45.41%
Holding
233
New
17
Increased
62
Reduced
85
Closed
25
Avg Time Held
2.2
years
Top 10 Avg Time Held
1.4
years
Top 20 Avg Time Held
1.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$32.1M |
| 2 |
Brookdale Senior Living
BKD
|
+$10M |
| 3 |
Sabra Healthcare REIT
SBRA
|
+$6.42M |
| 4 |
State Street Materials Select Sector SPDR ETF
XLB
|
+$3.56M |
| 5 |
GOV
Government Properties Income Trust
GOV
|
+$2.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$125M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$55.8M |
| 3 |
FCH.PRA
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
|
+$28.6M |
| 4 |
CBL& Associates Properties, Inc.
CBL
|
+$20.1M |
| 5 |
WPG
Washington Prime Group Inc.
WPG
|
+$19.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 44.35% |
| 2 | Real Estate | 37.95% |
| 3 | Financials | 5.86% |
| 4 | Healthcare | 2.75% |
| 5 | Technology | 2.33% |
| 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
$810B
| $100M | 11.18% |
397,541
-226,197
| -36% | -$55.8M |
2013 Q2
17 quarters
|
|
|
AHP.PRB
2
DELISTED
Ashford Hospitality Prime, Inc.
AHP.PRB
| $56.6M | 6.34% |
2,800,000
| – | – |
2016 Q3
4 quarters
|
|
3
DELISTED
DigitalBridge
DBRG
| $38M | 4.25% |
755,489
-13,075
| -2% | -$715K |
2017 Q1
2 quarters
|
|
4
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.1B
| $33.8M | 3.79% |
151,186
-84,655
| -36% | -$18.5M |
2017 Q2
1 quarter
|
|
|
5
iShares Russell 2000 ETF
IWM
$79.1B
| $33.8M | 3.79% |
228,250
+227,845
| +56,258% | +$32.1M |
2017 Q2
1 quarter
|
|
6
Chatham Lodging
CLDT
$653M
| $32.9M | 3.68% |
1,542,938
-493,000
| -24% | -$10.1M |
2013 Q2
17 quarters
|
|
|
7
Sabra Healthcare REIT
SBRA
$5B
| $32.5M | 3.64% |
1,482,025
+284,300
| +24% | +$6.42M |
2013 Q2
17 quarters
|
|
8
DELISTED
Jernigan Capital, Inc.
JCAP
| $29.6M | 3.31% |
1,439,100
-900
| -0.1% | -$18.5K |
2016 Q4
3 quarters
|
|
9
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $25.3M | 2.84% |
2,156,000
-1,400
| -0.1% | -$16.6K |
2016 Q3
4 quarters
|
|
10
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$105M
| $23.1M | 2.59% |
644,101
| – | – |
2013 Q2
17 quarters
|
|
|
GOV
11
DELISTED
Government Properties Income Trust
GOV
| $22.5M | 2.51% |
1,196,300
+146,300
| +14% | +$2.67M |
2017 Q2
1 quarter
|
|
12
SITE Centers
SITC
$196M
| $21.7M | 2.43% |
1,836,174
-9,158
| -0.5% | -$115K |
2013 Q2
17 quarters
|
|
13
STAG Industrial
STAG
$7.02B
| $21.3M | 2.39% |
776,606
-31,000
| -4% | -$857K |
2013 Q2
17 quarters
|
|
14
Franklin Street Properties
FSP
$46.9M
| $19.9M | 2.22% |
1,869,400
-1,000
| -0.1% | -$10.3K |
2013 Q2
17 quarters
|
|
15
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$95.6M
| $16.2M | 1.81% |
316,455
| – | – |
2013 Q2
17 quarters
|
|
|
RSO
16
DELISTED
Resource Capital Corp.
RSO
| $15.5M | 1.73% |
1,434,800
-800
| -0.1% | -$8.24K |
2016 Q4
3 quarters
|
|
17
Kite Realty
KRG
$4.94B
| $15.2M | 1.7% |
751,948
-415,300
| -36% | -$8.33M |
2016 Q4
3 quarters
|
|
18
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $13.3M | 1.49% |
245,700
| – | – |
2013 Q2
17 quarters
|
|
|
CORR.PRA
19
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
| $13M | 1.46% |
500,000
| – | – |
2015 Q2
9 quarters
|
|
|
TCO
20
DELISTED
Taubman Centers Inc.
TCO
| $12.6M | 1.41% |
252,750
-1,900
| -0.7% | -$104K |
2016 Q1
6 quarters
|
|
|
UBP.PRG.CL
21
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
| $11.8M | 1.33% |
450,000
| – | – |
2014 Q4
11 quarters
|
|
22
Clipper Realty
CLPR
$49.6M
| $11.1M | 1.24% |
1,036,196
-600
| -0.1% | -$6.7K |
2017 Q1
2 quarters
|
|
|
23
Brookdale Senior Living
BKD
$2.41B
| $10.3M | 1.15% |
972,200
+787,300
| +426% | +$10M |
2017 Q1
2 quarters
|
|
24
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
| $8.66M | 0.97% |
390,000
| – | – |
2016 Q3
4 quarters
|
|
|
25
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$134M
| $6.89M | 0.77% |
248,700
| – | – |
2013 Q2
17 quarters
|
|
Similar funds
Forward Management's Q3 2017 Portfolio in Review
As of Q3 2017, Forward Management held 233 positions worth $893M, down 24% from $1.18B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Forward Management withdrew a net $287M in Q3 2017, closing 25 positions and reducing 85 holdings. Its most notable exit was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $125M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 44% of assets, down from 52% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Forward Management opened a new position in Madison Square Garden worth $2.38M.
- Forward Management's largest Q3 2017 buy was Madison Square Garden: 15,562 shares worth $2.38M.
- Forward Management added most to iShares Russell 2000 ETF in Q3 2017, an estimated $32.1M increase.
- Forward Management's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $55.8M.
- Forward Management fully exited State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q3 2017, selling an estimated $125M.
- Forward Management's ten largest holdings make up 45% of its $893M portfolio in Q3 2017.
- Forward Management opened 17 new positions and closed 25 in Q3 2017.
- Forward Management's portfolio value fell 24% quarter-over-quarter to $893M.
Based on Forward Management's 13F filing for Q3 2017, filed 2 Nov 2017.