FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+4.04%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$608M
AUM Growth
+$608M
Cap. Flow
-$97.9M
Cap. Flow %
-16.12%
Top 10 Hldgs %
54.65%
Holding
202
New
13
Increased
45
Reduced
94
Closed
34

Top Buys

1
BHR.PRB
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$49.7M
2
AMH icon
American Homes 4 Rent
AMH
$13.5M
3
ACR
ACRES Commercial Realty
ACR
$9.45M
4
PK icon
Park Hotels & Resorts
PK
$8.44M
5
AHH
Armada Hoffler Properties
AHH
$3.73M

Top Sells

1
AHP.PRB
Ashford Hospitality Prime, Inc.
AHP.PRB
$52M
2
SPY icon
SPDR S&P 500 ETF Trust
SPY
$39.9M
3
RSO
Resource Capital Corp.
RSO
$8.89M
4
MINT icon
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$8.55M
5
JCAP
Jernigan Capital, Inc.
JCAP
$5.82M

Sector Composition

1 Real Estate 25.78%
2 Financials 4.8%
3 Technology 3.45%
4 Communication Services 1.86%
5 Healthcare 1.76%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SPY icon
1
SPDR S&P 500 ETF Trust
SPY
$658B
$127M 20.87% 467,322 -147,007 -24% -$39.9M
BHR.PRB
2
Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock
BHR.PRB
$59.1M
$49.7M 8.18% +2,631,755 New +$49.7M
SBRA icon
3
Sabra Healthcare REIT
SBRA
$4.58B
$23.1M 3.81% 1,064,850 -101,175 -9% -$2.2M
EPR.PRE icon
4
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$108M
$20.7M 3.41% 593,232 -50,869 -8% -$1.78M
JCAP
5
DELISTED
Jernigan Capital, Inc.
JCAP
$20.4M 3.36% 1,070,750 -305,250 -22% -$5.82M
STAG icon
6
STAG Industrial
STAG
$6.88B
$19.2M 3.16% 706,118 – –
RLJ.PRA icon
7
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$313M
$18.5M 3.04% 704,110 -205,890 -23% -$5.4M
DBRG icon
8
DigitalBridge
DBRG
$2.08B
$17.9M 2.95% 2,872,242 -7,812 -0.3% -$48.7K
CLDT
9
Chatham Lodging
CLDT
$374M
$16.4M 2.7% 772,790 -3,010 -0.4% -$63.9K
LXP.PRC icon
10
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$15.5M 2.56% 316,515 +60 +0% +$2.95K
AMH icon
11
American Homes 4 Rent
AMH
$13.3B
$14.6M 2.41% 660,355 +607,199 +1,142% +$13.5M
RPT.PRD
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% +$3.69K
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% +$2.02K
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% -$1.12M
ACWX icon
15
iShares MSCI ACWI ex US ETF
ACWX
$6.63B
$9.49M 1.56% 200,910 -4,380 -2% -$207K
ACR
16
ACRES Commercial Realty
ACR
$156M
$9.45M 1.55% +927,862 New +$9.45M
TCO
17
DELISTED
Taubman Centers Inc.
TCO
$8.67M 1.43% 147,485 -4,965 -3% -$292K
CLPR
18
Clipper Realty
CLPR
$72.3M
$8.56M 1.41% 1,002,310 +6,014 +0.6% +$51.4K
PK icon
19
Park Hotels & Resorts
PK
$2.35B
$8.44M 1.39% +275,400 New +$8.44M
EPR.PRC icon
20
EPR Properties 5.75% Series C Cumulative Convertible Preferred Shares
EPR.PRC
$132M
$6.46M 1.06% 248,700 – –
WHLRP
21
Wheeler Real Estate Investment Trust, Inc. Preferred Stock
WHLRP
$3.62M
$6.24M 1.03% 388,119 +10 +0% +$161
INFY icon
22
Infosys
INFY
$69.7B
$4.62M 0.76% 237,699 -51,376 -18% -$998K
SLB icon
23
Schlumberger
SLB
$55B
$4.4M 0.72% 65,648 +4,348 +7% +$291K
TSM icon
24
TSMC
TSM
$1.2T
$3.93M 0.65% 107,552 -25,855 -19% -$945K
CYD icon
25
China Yuchai International
CYD
$1.25B
$3.92M 0.64% 180,545 -47,802 -21% -$1.04M
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