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Forward Management Portfolio holdings

AUM $907M
1-Year Est. Return 0.46%
This Fund
S&P 500
This Quarter Est. Return
+4.24%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
AUM
$656M
AUM Growth
-$1.13M
Cap. Flow
-$20.6M
Cap. Flow %
-3.14%
Top 10 Hldgs %
77.86%
Holding
58
New
7
Increased
6
Reduced
9
Closed
11
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$200M 30.53%
621,871
+255,918
+70% +$78.8M
BIL icon
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$91.6M 13.98%
1,002,312
-1,657,983
-62% -$152M
QQQ icon
3
Invesco QQQ Trust
QQQ
$466B
$70.1M 10.69%
329,559
-17,912
-5% -$3.59M
IWM icon
4
iShares Russell 2000 ETF
IWM
$82.2B
$66M 10.07%
398,663
+398,515
+269,267% +$63M
LXP.PRC icon
5
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$90M
$16.5M 2.52%
290,060
-3,504
-1% -$199K
RLJ.PRA icon
6
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$323M
$16.1M 2.45%
560,110
-14,802
-3% -$413K
CLDT
7
Chatham Lodging
CLDT
$615M
$14.1M 2.16%
770,990
WY icon
8
Weyerhaeuser
WY
$17.6B
$11.6M 1.76%
382,500
+350,000
+1,077% +$10.2M
SBRA icon
9
Sabra Healthcare REIT
SBRA
$5.08B
$11.2M 1.71%
525,000
EPR.PRE icon
10
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$112M
$11.1M 1.69%
290,110
CLPR
11
Clipper Realty
CLPR
$46.9M
$10.3M 1.57%
972,017
+11,532
+1% +$110K
JCAP
12
DELISTED
Jernigan Capital, Inc.
JCAP
$10.2M 1.56%
534,000
BHR.PRB
13
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$52.7M
$9.64M 1.47%
507,203
-67,200
-12% -$1.32M
ACR
14
ACRES Commercial Realty
ACR
$127M
$9.57M 1.46%
270,000
APLE icon
15
Apple Hospitality REIT
APLE
$3.98B
$9.56M 1.46%
588,080
DOC icon
16
Healthpeak Properties
DOC
$15.4B
$8.5M 1.3%
246,700
+11,700
+5% +$409K
TCO
17
DELISTED
Taubman Centers Inc.
TCO
$8.44M 1.29%
+271,500
New +$9.31M
QTS.PRB
18
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$8.2M 1.25%
63,500
EPR.PRC icon
19
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$148M
$7.81M 1.19%
248,700
BPY
20
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$7.77M 1.19%
425,150
-9,000
-2% -$170K
DBRG icon
21
DigitalBridge
DBRG
$2.92B
$7.74M 1.18%
407,496
STAY
22
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$7.73M 1.18%
520,150
-44,500
-8% -$648K
STAG icon
23
STAG Industrial
STAG
$8.04B
$6.63M 1.01%
210,000
MAC icon
24
Macerich
MAC
$7.32B
$4.38M 0.67%
+162,850
New +$4.47M
UDR icon
25
UDR
UDR
$13.2B
$1.17M 0.18%
+25,000
New +$1.2M

Similar funds

Forward Management's Q4 2019 Portfolio in Review

As of Q4 2019, Forward Management held 58 positions worth $656M, down 0.17% from $657M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Forward Management withdrew a net $20.6M in Q4 2019, closing 11 positions and reducing 9 holdings. Its most notable exit was Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre, an estimated $11.4M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 18% of assets, down from 19% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Forward Management opened a new position in Taubman Centers Inc. worth $8.44M.

  • Forward Management's largest Q4 2019 buy was Taubman Centers Inc.: 271,500 shares worth $8.44M.
  • Forward Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $78.8M increase.
  • Forward Management's biggest Q4 2019 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $152M.
  • Forward Management fully exited Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre in Q4 2019, selling an estimated $11.4M.
  • Forward Management's ten largest holdings make up 78% of its $656M portfolio in Q4 2019.
  • Forward Management opened 7 new positions and closed 11 in Q4 2019.
  • Forward Management's portfolio value fell 0.17% quarter-over-quarter to $656M.

Based on Forward Management's 13F filing for Q4 2019, filed 4 Feb 2020.