FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
-1.2%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$907M
AUM Growth
+$907M
Cap. Flow
-$3.71M
Cap. Flow %
-0.41%
Top 10 Hldgs %
93.86%
Holding
36
New
9
Increased
10
Reduced
8
Closed
4

Top Buys

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$217M
2
SH icon
ProShares Short S&P500
SH
$137M
3
APLE icon
Apple Hospitality REIT
APLE
$2.3M
4
PECO icon
Phillips Edison & Co
PECO
$2.24M
5
OUT icon
Outfront Media
OUT
$2.07M

Top Sells

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$301M
2
DIA icon
SPDR Dow Jones Industrial Average ETF Trust
DIA
$67.5M
3
BRX icon
Brixmor Property Group
BRX
$1.31M
4
BXP icon
Boston Properties
BXP
$1.12M
5
PCH icon
PotlatchDeltic
PCH
$890K

Sector Composition

1 Real Estate 7.41%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
BIL icon
1
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$42.1B
$345M 38.06%
3,768,576
-3,281,851
-47% -$301M
SH icon
2
ProShares Short S&P500
SH
$1.25B
$231M 25.44%
13,354,343
+7,907,587
+145% +$137M
SPY icon
3
SPDR S&P 500 ETF Trust
SPY
$658B
$217M 23.96%
+608,621
New +$217M
RLJ.PRA icon
4
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$313M
$10.6M 1.17%
430,155
– –
LXP.PRC icon
5
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$10.5M 1.16%
217,864
-1,136
-0.5% -$55K
RPT.PRD
6
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$9.51M 1.05%
217,011
-3,907
-2% -$171K
AOK icon
7
iShares Core Conservative Allocation ETF
AOK
$631M
$7.52M 0.83%
230,640
+19,672
+9% +$642K
EPR.PRE icon
8
EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares
EPR.PRE
$108M
$7.19M 0.79%
280,100
– –
APLE icon
9
Apple Hospitality REIT
APLE
$3.1B
$6.54M 0.72%
465,000
+163,588
+54% +$2.3M
ROIC
10
DELISTED
Retail Opportunity Investments Corp.
ROIC
$6.22M 0.69%
452,270
+97,000
+27% +$1.33M
PLD icon
11
Prologis
PLD
$106B
$5.13M 0.57%
50,520
+20
+0% +$2.03K
GLPI icon
12
Gaming and Leisure Properties
GLPI
$13.6B
$4.94M 0.54%
111,600
+34,500
+45% +$1.53M
CUBE icon
13
CubeSmart
CUBE
$9.33B
$4.93M 0.54%
123,000
+20,000
+19% +$801K
EQR icon
14
Equity Residential
EQR
$25.3B
$4.91M 0.54%
73,070
+70
+0.1% +$4.71K
UDR icon
15
UDR
UDR
$13.1B
$4.59M 0.51%
110,035
-20,000
-15% -$834K
SUI icon
16
Sun Communities
SUI
$15.9B
$4.33M 0.48%
32,000
+15,200
+90% +$2.06M
COLD icon
17
Americold
COLD
$4.11B
$4.17M 0.46%
169,340
+15,000
+10% +$369K
AMT icon
18
American Tower
AMT
$95.5B
$3.74M 0.41%
17,424
-3,000
-15% -$644K
BXP icon
19
Boston Properties
BXP
$11.5B
$3.58M 0.39%
47,700
-14,900
-24% -$1.12M
FPI
20
Farmland Partners
FPI
$487M
$3.24M 0.36%
255,360
– –
PCH icon
21
PotlatchDeltic
PCH
$3.25B
$2.58M 0.28%
62,850
-21,700
-26% -$890K
PECO icon
22
Phillips Edison & Co
PECO
$4.42B
$2.24M 0.25%
+80,000
New +$2.24M
OUT icon
23
Outfront Media
OUT
$3.12B
$2.07M 0.23%
+136,000
New +$2.07M
AVB icon
24
AvalonBay Communities
AVB
$27.9B
$810K 0.09%
+4,400
New +$810K
ARE icon
25
Alexandria Real Estate Equities
ARE
$14.1B
$802K 0.09%
+5,720
New +$802K
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