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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
+1.01%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$566M
AUM Growth
-$106M
(-16%)
Cap. Flow
-$4.15M
Cap. Flow % of AUM
Cap. Flow %
-0.73%
Top 10 Holdings %
Top 10 Hldgs %
73.17%
Holding
50
New
4
Increased
4
Reduced
18
Closed
2
Avg Time Held
2.6
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$82.6M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$19.9M |
| 3 |
Vornado Realty Trust
VNO
|
+$9.6M |
| 4 |
Healthpeak Properties
DOC
|
+$7.31M |
| 5 |
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
|
+$3.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$69.6M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$49.6M |
| 3 |
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
|
+$5.37M |
| 4 |
Jernigan Capital, Inc.
JCAP
|
+$1.52M |
| 5 |
VRE
Veris Residential
VRE
|
+$977K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.2% |
| 2 | Real Estate | 21.5% |
| 3 | Consumer Discretionary | 1.69% |
| 4 | Financials | 1.44% |
| 5 | Communication Services | 0.18% |
| 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
| $169M | 29.86% |
769,342
+286,990
| +59% | +$82.6M |
2013 Q2
24 quarters
|
|
|
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $108M | 19.16% |
1,579,061
-760,387
| -33% | -$69.6M |
2019 Q1
1 quarter
|
|
|
3
Invesco QQQ Trust
QQQ
$459B
| $33.4M | 5.91% |
239,238
-269,749
| -53% | -$49.6M |
2019 Q1
1 quarter
|
|
|
4
VanEck Gold Miners ETF
GDX
$27B
| $17.3M | 3.05% |
+902,013
| New | +$19.9M |
2019 Q2
0 quarters
|
|
5
DELISTED
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
| $16.6M | 2.94% |
309,205
-855
| -0.3% | -$45.8K |
2013 Q2
24 quarters
|
|
6
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$316M
| $15.7M | 2.78% |
600,110
-14,000
| -2% | -$361K |
2017 Q4
6 quarters
|
|
7
Chatham Lodging
CLDT
$735M
| $14.6M | 2.57% |
771,490
| – | – |
2013 Q2
24 quarters
|
|
8
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$51.9M
| $14.5M | 2.56% |
778,838
-38,144
| -5% | -$743K |
2018 Q2
4 quarters
|
|
|
UBP.PRG.CL
9
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
| $11.6M | 2.05% |
450,080
| – | – |
2014 Q4
18 quarters
|
|
10
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$111M
| $11M | 1.95% |
290,110
| – | – |
2013 Q2
24 quarters
|
|
|
11
DELISTED
Jernigan Capital, Inc.
JCAP
| $10.9M | 1.93% |
534,000
-72,108
| -12% | -$1.52M |
2016 Q4
10 quarters
|
|
12
Clipper Realty
CLPR
$52.4M
| $10.7M | 1.9% |
960,485
| – | – |
2017 Q1
9 quarters
|
|
13
Sabra Healthcare REIT
SBRA
$5.58B
| $10.3M | 1.83% |
525,000
| – | – |
2013 Q2
24 quarters
|
|
|
BPY
14
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $9.7M | 1.71% |
510,850
-269,300
| -35% | -$5.37M |
2018 Q4
2 quarters
|
|
|
STAY
15
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $9.5M | 1.69% |
564,650
+175,030
| +45% | +$3.09M |
2019 Q1
1 quarter
|
|
16
Apple Hospitality REIT
APLE
$4.64B
| $9.37M | 1.66% |
591,080
+125,900
| +27% | +$2.04M |
2018 Q3
3 quarters
|
|
|
17
Vornado Realty Trust
VNO
$6.69B
| $9.17M | 1.62% |
+143,000
| New | +$9.6M |
2019 Q2
0 quarters
|
|
18
ACRES Commercial Realty
ACR
$181M
| $9.16M | 1.62% |
270,000
| – | – |
2018 Q2
4 quarters
|
|
19
DELISTED
DigitalBridge
DBRG
| $8.15M | 1.44% |
407,496
| – | – |
2017 Q1
9 quarters
|
|
|
20
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$146M
| $7.97M | 1.41% |
248,700
| – | – |
2013 Q2
24 quarters
|
|
21
Brandywine Realty Trust
BDN
$542M
| $7.79M | 1.38% |
544,120
-5,100
| -0.9% | -$77.9K |
2019 Q1
1 quarter
|
|
|
22
Healthpeak Properties
DOC
$14B
| $7.52M | 1.33% |
+235,000
| New | +$7.31M |
2019 Q2
0 quarters
|
|
|
QTS.PRB
23
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
| $7.04M | 1.24% |
63,500
| – | – |
2018 Q3
3 quarters
|
|
24
STAG Industrial
STAG
$7.18B
| $6.35M | 1.12% |
210,000
| – | – |
2013 Q2
24 quarters
|
|
25
Brixmor Property Group
BRX
$9.25B
| $1.16M | 0.21% |
+65,000
| New | +$1.17M |
2019 Q2
0 quarters
|
|
Similar funds
Forward Management's Q2 2019 Portfolio in Review
As of Q2 2019, Forward Management held 50 positions worth $566M, down 16% from $672M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Forward Management's Q2 2019 filing shows 4 new, 4 increased, 18 reduced and 2 closed positions. Its largest new stake was VanEck Gold Miners ETF: 902,013 shares worth $17.3M. The largest sale was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $69.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 75% of assets, down from 81% a quarter earlier, followed by Real Estate and Consumer Discretionary.
- Forward Management's largest Q2 2019 buy was VanEck Gold Miners ETF: 902,013 shares worth $17.3M.
- Forward Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2019, an estimated $82.6M increase.
- Forward Management's biggest Q2 2019 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $69.6M.
- Forward Management fully exited Veris Residential in Q2 2019, selling an estimated $977K.
- Forward Management's ten largest holdings make up 73% of its $566M portfolio in Q2 2019.
- Forward Management opened 4 new positions and closed 2 in Q2 2019.
- Forward Management's portfolio value fell 16% quarter-over-quarter to $566M.
Based on Forward Management's 13F filing for Q2 2019, filed 15 Jul 2019.