FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+1.57%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$887M
AUM Growth
+$887M
Cap. Flow
-$13.8M
Cap. Flow %
-1.56%
Top 10 Hldgs %
45.39%
Holding
229
New
21
Increased
21
Reduced
145
Closed
12

Top Buys

1
QQQ icon
Invesco QQQ Trust
QQQ
$33.8M
2
RLJ.PRA icon
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$27.7M
3
AIV
Aimco
AIV
$21.7M
4
EEM icon
iShares MSCI Emerging Markets ETF
EEM
$16.7M
5
GDX icon
VanEck Gold Miners ETF
GDX
$16.6M

Top Sells

1
MRT
MedEquities Realty Trust, Inc.
MRT
$23.5M
2
SITC icon
SITE Centers
SITC
$20.4M
3
FSP
Franklin Street Properties
FSP
$19.9M
4
CLDT
Chatham Lodging
CLDT
$14.4M
5
KRG icon
Kite Realty
KRG
$13.3M

Sector Composition

1 Real Estate 24.34%
2 Financials 5.4%
3 Technology 2.38%
4 Communication Services 1.4%
5 Healthcare 1.36%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SPY icon
1
SPDR S&P 500 ETF Trust
SPY
$658B
$104M 11.74% 390,221 -7,320 -2% -$1.95M
AHP.PRB
2
DELISTED
Ashford Hospitality Prime, Inc.
AHP.PRB
$55.6M 6.27% 2,781,275 -18,725 -0.7% -$374K
DIA icon
3
SPDR Dow Jones Industrial Average ETF Trust
DIA
$39.9B
$36.6M 4.12% 147,764 -3,422 -2% -$847K
IWM icon
4
iShares Russell 2000 ETF
IWM
$67B
$34.1M 3.84% 223,457 -4,793 -2% -$731K
QQQ icon
5
Invesco QQQ Trust
QQQ
$364B
$33.8M 3.81% +217,171 New +$33.8M
DBRG icon
6
DigitalBridge
DBRG
$2.08B
$33.4M 3.77% 2,927,354 -94,600 -3% -$1.08M
RLJ.PRA icon
7
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$313M
$27.7M 3.12% +1,025,000 New +$27.7M
SBRA icon
8
Sabra Healthcare REIT
SBRA
$4.58B
$27.1M 3.06% 1,445,425 -36,600 -2% -$687K
JCAP
9
DELISTED
Jernigan Capital, Inc.
JCAP
$26.7M 3.01% 1,403,300 -35,800 -2% -$681K
EPR.PRE icon
10
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$108M
$23.5M 2.65% 644,101 – –
AIV
11
Aimco
AIV
$1.11B
$21.7M 2.44% +495,700 New +$21.7M
GOV
12
DELISTED
Government Properties Income Trust
GOV
$21.6M 2.44% 1,166,600 -29,700 -2% -$551K
CLDT
13
Chatham Lodging
CLDT
$374M
$20.7M 2.34% 910,500 -632,438 -41% -$14.4M
STAG icon
14
STAG Industrial
STAG
$6.88B
$20.7M 2.33% 757,306 -19,300 -2% -$527K
EEM icon
15
iShares MSCI Emerging Markets ETF
EEM
$19B
$16.8M 1.89% 356,255 +354,770 +23,890% +$16.7M
GDX icon
16
VanEck Gold Miners ETF
GDX
$19B
$16.6M 1.88% +716,358 New +$16.6M
EFA icon
17
iShares MSCI EAFE ETF
EFA
$66B
$16.6M 1.87% 235,579 +234,062 +15,429% +$16.5M
LXP.PRC icon
18
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$16.2M 1.83% 316,455 – –
RPT.PRD
19
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$14.2M 1.6% 245,700 – –
CORR.PRA
20
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
$12.9M 1.45% 500,000 – –
RSO
21
DELISTED
Resource Capital Corp.
RSO
$12.8M 1.45% 1,368,100 -66,700 -5% -$625K
UBP.PRG.CL
22
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$11.9M 1.34% 450,000 – –
ACWX icon
23
iShares MSCI ACWI ex US ETF
ACWX
$6.63B
$11.3M 1.27% 225,460 +120,500 +115% +$6.02M
TCO
24
DELISTED
Taubman Centers Inc.
TCO
$10.3M 1.16% 157,650 -95,100 -38% -$6.22M
CLPR
25
Clipper Realty
CLPR
$72.3M
$10.1M 1.14% 1,009,496 -26,700 -3% -$267K
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