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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
+3.97%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$608M
AUM Growth
-$78M
(-11%)
Cap. Flow
-$96.6M
Cap. Flow % of AUM
Cap. Flow %
-15.91%
Top 10 Holdings %
Top 10 Hldgs %
54.65%
Holding
202
New
13
Increased
45
Reduced
95
Closed
33
Avg Time Held
3
years
Top 10 Avg Time Held
1.3
years
Top 20 Avg Time Held
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
|
+$51.8M |
| 2 |
American Homes 4 Rent
AMH
|
+$12.4M |
| 3 |
ACRES Commercial Realty
ACR
|
+$9.33M |
| 4 |
Park Hotels & Resorts
PK
|
+$8.22M |
| 5 |
AH Realty Trust
AHRT
|
+$3.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AHP.PRB
Ashford Hospitality Prime, Inc.
AHP.PRB
|
+$52M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39.7M |
| 3 |
RSO
Resource Capital Corp.
RSO
|
+$8.89M |
| 4 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$8.54M |
| 5 |
Jernigan Capital, Inc.
JCAP
|
+$5.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.27% |
| 2 | Real Estate | 27.35% |
| 3 | Financials | 4.86% |
| 4 | Technology | 3.55% |
| 5 | Communication Services | 1.91% |
| 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
$801B
| $127M | 20.87% |
467,322
-147,007
| -24% | -$39.7M |
2013 Q2
20 quarters
|
|
|
2
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$44.8M
| $49.7M | 8.18% |
+2,631,755
| New | +$51.8M |
2018 Q2
0 quarters
|
|
3
Sabra Healthcare REIT
SBRA
$5.09B
| $23.1M | 3.81% |
1,064,850
-101,175
| -9% | -$1.98M |
2013 Q2
20 quarters
|
|
4
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$107M
| $20.7M | 3.41% |
593,232
-50,869
| -8% | -$1.76M |
2013 Q2
20 quarters
|
|
|
5
DELISTED
Jernigan Capital, Inc.
JCAP
| $20.4M | 3.36% |
1,070,750
-305,250
| -22% | -$5.78M |
2016 Q4
6 quarters
|
|
6
STAG Industrial
STAG
$7.18B
| $19.2M | 3.16% |
706,118
| – | – |
2013 Q2
20 quarters
|
|
7
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$316M
| $18.5M | 3.04% |
704,110
-205,890
| -23% | -$5.29M |
2017 Q4
2 quarters
|
|
8
DELISTED
DigitalBridge
DBRG
| $17.9M | 2.95% |
718,061
-1,953
| -0.3% | -$46.7K |
2017 Q1
5 quarters
|
|
9
Chatham Lodging
CLDT
$682M
| $16.4M | 2.7% |
772,790
-3,010
| -0.4% | -$60K |
2013 Q2
20 quarters
|
|
10
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$97.4M
| $15.5M | 2.56% |
316,515
+60
| +0% | +$2.94K |
2013 Q2
20 quarters
|
|
|
11
American Homes 4 Rent
AMH
$11.4B
| $14.6M | 2.41% |
660,355
+607,199
| +1,142% | +$12.4M |
2013 Q3
19 quarters
|
|
12
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $13M | 2.13% |
245,770
+70
| +0% | +$3.6K |
2013 Q2
20 quarters
|
|
|
UBP.PRG.CL
13
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
| $11.3M | 1.87% |
450,080
+80
| +0% | +$2.01K |
2014 Q4
14 quarters
|
|
|
CORR.PRA
14
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
| $11.3M | 1.87% |
449,794
-44,261
| -9% | -$1.11M |
2015 Q2
12 quarters
|
|
15
iShares MSCI ACWI ex US ETF
ACWX
$17.5B
| $9.49M | 1.56% |
200,910
-4,380
| -2% | -$217K |
2014 Q4
14 quarters
|
|
|
16
ACRES Commercial Realty
ACR
$201M
| $9.44M | 1.55% |
+309,287
| New | +$9.33M |
2018 Q2
0 quarters
|
|
|
TCO
17
DELISTED
Taubman Centers Inc.
TCO
| $8.67M | 1.43% |
147,485
-4,965
| -3% | -$279K |
2016 Q1
9 quarters
|
|
18
Clipper Realty
CLPR
$51.4M
| $8.56M | 1.41% |
1,002,310
+6,014
| +0.6% | +$51.7K |
2017 Q1
5 quarters
|
|
|
19
Park Hotels & Resorts
PK
$3.32B
| $8.44M | 1.39% |
+275,400
| New | +$8.22M |
2018 Q2
0 quarters
|
|
|
20
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$139M
| $6.46M | 1.06% |
248,700
| – | – |
2013 Q2
20 quarters
|
|
21
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
| $6.24M | 1.03% |
388,119
+10
| +0% | +$156 |
2016 Q3
7 quarters
|
|
22
Infosys
INFY
$51B
| $4.62M | 0.76% |
475,398
-102,752
| -18% | -$919K |
2016 Q3
7 quarters
|
|
23
SLB Ltd
SLB
$78.6B
| $4.4M | 0.72% |
65,648
+4,348
| +7% | +$299K |
2015 Q4
10 quarters
|
|
24
TSMC
TSM
$2.1T
| $3.93M | 0.65% |
107,552
-25,855
| -19% | -$1.02M |
2013 Q2
20 quarters
|
|
25
China Yuchai International
CYD
$843M
| $3.92M | 0.64% |
180,545
-47,802
| -21% | -$1.03M |
2013 Q2
20 quarters
|
|
Similar funds
Forward Management's Q2 2018 Portfolio in Review
As of Q2 2018, Forward Management held 202 positions worth $608M, down 11% from $686M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Forward Management withdrew a net $96.6M in Q2 2018, closing 33 positions and reducing 95 holdings. Its most notable exit was Ashford Hospitality Prime, Inc., an estimated $52M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 54% of assets, down from 61% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Forward Management opened a new position in Braemar Hotels & Resorts 5.50% Series B Preferred Stock worth $49.7M.
- Forward Management's largest Q2 2018 buy was Braemar Hotels & Resorts 5.50% Series B Preferred Stock: 2,631,755 shares worth $49.7M.
- Forward Management added most to American Homes 4 Rent in Q2 2018, an estimated $12.4M increase.
- Forward Management's biggest Q2 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $39.7M.
- Forward Management fully exited Ashford Hospitality Prime, Inc. in Q2 2018, selling an estimated $52M.
- Forward Management's ten largest holdings make up 55% of its $608M portfolio in Q2 2018.
- Forward Management opened 13 new positions and closed 33 in Q2 2018.
- Forward Management's portfolio value fell 11% quarter-over-quarter to $608M.
Based on Forward Management's 13F filing for Q2 2018, filed 1 Aug 2018.