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FM

Forward Management Portfolio holdings

AUM $907M
1-Year Est. Return 0.46%
This Fund
S&P 500
This Quarter Est. Return
-1.37%
1 Year Est. Return
+0.46%
3 Year Est. Return
+36.88%
5 Year Est. Return
+52.96%
10 Year Est. Return
–
AUM
$959M
AUM Growth
-$78.9M
Cap. Flow
-$77.6M
Cap. Flow %
-8.09%
Top 10 Hldgs %
93.18%
Holding
40
New
8
Increased
11
Reduced
9
Closed
10

Top Buys

Rank Stock Value
1
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$617M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$117M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$85.2M
4
GLPI icon
Gaming and Leisure Properties
GLPI
+$3.24M
5
MPT
Medical Properties Trust
MPT
+$3.02M

Top Sells

Rank Stock Value
1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$543M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$342M
3
CCI icon
Crown Castle
CCI
+$6.26M
4
AOK icon
iShares Core Conservative Allocation ETF
AOK
+$4.97M
5
VNO icon
Vornado Realty Trust
VNO
+$3.56M

Sector Composition

Rank Sector Weight
1 Miscellaneous 91.88%
2 Real Estate 8.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIL icon
1
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
$617M 64.3%
+6,744,105
New +$617M
IWD icon
2
iShares Russell 1000 Value ETF
IWD
$84.2B
$118M 12.32%
+711,619
New +$117M
QQQ icon
3
Invesco QQQ Trust
QQQ
$489B
$88M 9.18%
242,695
+239,820
+8,342% +$85.2M
RPT.PRD
4
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$13.7M 1.43%
231,080
+10
+0% +$577
RLJ.PRA icon
5
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$327M
$11.7M 1.22%
425,155
+15
+0% +$410
LXP.PRC icon
6
LXP Industrial Trust 6.5% Series C Preferred Stock
LXP.PRC
$95.2M
$11.6M 1.21%
218,500
-60
-0% -$3.35K
AOK icon
7
iShares Core Conservative Allocation ETF
AOK
$794M
$11M 1.15%
292,243
-129,741
-31% -$4.97M
EPR.PRE icon
8
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$112M
$9.3M 0.97%
280,100
-10
-0% -$335
UDR icon
9
UDR
UDR
$11.7B
$7.46M 0.78%
130,035
+30,035
+30% +$1.7M
FPI
10
Farmland Partners
FPI
$465M
$6.05M 0.63%
440,360
-195,182
-31% -$2.37M
ACC
11
DELISTED
American Campus Communities, Inc.
ACC
$5.88M 0.61%
105,040
+40
+0% +$2.14K
WPC icon
12
W.P. Carey
WPC
$16B
$5.87M 0.61%
74,186
+61
+0.1% +$4.68K
BXP icon
13
Boston Properties
BXP
$10.8B
$5.73M 0.6%
44,500
-20
-0% -$2.42K
ROIC
14
DELISTED
Retail Opportunity Investments Corp.
ROIC
$5.18M 0.54%
267,370
+170
+0.1% +$3.17K
SLG icon
15
SL Green Realty
SLG
$3.94B
$5.14M 0.54%
63,279
+2,112
+3% +$166K
AMT icon
16
American Tower
AMT
$81.9B
$4.98M 0.52%
19,824
-5,776
-23% -$1.41M
COLD icon
17
Americold
COLD
$4.06B
$4.3M 0.45%
154,340
+10,901
+8% +$306K
DRH icon
18
Diamondrock Hospitality Co
DRH
$2.47B
$4M 0.42%
396,000
– –
APLE icon
19
Apple Hospitality REIT
APLE
$3.68B
$3.59M 0.37%
200,000
-75,000
-27% -$1.28M
GLPI icon
20
Gaming and Leisure Properties
GLPI
$12.2B
$3.38M 0.35%
+72,100
New +$3.24M
CTT
21
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
$3.04M 0.32%
370,320
+3,635
+1% +$29.8K
MPT
22
Medical Properties Trust
MPT
$2.39B
$2.96M 0.31%
+140,000
New +$3.02M
PCH
23
DELISTED
PotlatchDeltic
PCH
$2.9M 0.3%
54,906
-11,494
-17% -$627K
UMH
24
UMH Properties
UMH
$1.36B
$2.71M 0.28%
+110,000
New +$2.64M
VMRK
25
Vivmark Residential
VMRK
$50.6B
$1.8M 0.19%
+20,000
New +$1.77M
1
2

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Forward Management's Q1 2022 Portfolio in Review

As of Q1 2022, Forward Management held 40 positions worth $959M, down 7.6% from $1.04B the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Forward Management withdrew a net $77.6M in Q1 2022, closing 10 positions and reducing 9 holdings. Its most notable exit was iShares 1-3 Year Treasury Bond ETF, an estimated $543M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 92% a quarter earlier, followed by Real Estate.

Against the trend, Forward Management opened a new position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF worth $617M.

  • Forward Management's largest Q1 2022 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 6,744,105 shares worth $617M.
  • Forward Management added most to Invesco QQQ Trust in Q1 2022, an estimated $85.2M increase.
  • Forward Management's biggest Q1 2022 reduction was iShares Core Conservative Allocation ETF, cutting an estimated $4.97M.
  • Forward Management fully exited iShares 1-3 Year Treasury Bond ETF in Q1 2022, selling an estimated $543M.
  • Forward Management's ten largest holdings make up 93% of its $959M portfolio in Q1 2022.
  • Forward Management opened 8 new positions and closed 10 in Q1 2022.
  • Forward Management's portfolio value fell 7.6% quarter-over-quarter to $959M.

Based on Forward Management's 13F filing for Q1 2022, filed 2 May 2022.