Forward Management as of Dec. 31, 2015
Portfolio Holdings for Forward Management
Forward Management holds 260 positions in its portfolio as reported in the December 2015 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Spdr S&p 500 Etf (SPY) | 11.5 | $136M | 668k | 203.87 | |
| SPDR Barclays Capital 1-3 Month T- | 10.0 | $118M | 2.6M | 45.68 | |
| Sabra Health Care REIT (SBRA) | 4.1 | $48M | 2.4M | 20.23 | |
| iShares Russell 2000 Index (IWM) | 3.9 | $46M | 404k | 112.62 | |
| PowerShares QQQ Trust, Series 1 | 3.8 | $45M | 405k | 111.86 | |
| Chatham Lodging Trust (CLDT) | 3.2 | $38M | 1.9M | 20.48 | |
| Franklin Street Properties (FSP) | 3.2 | $37M | 3.6M | 10.35 | |
| Stag Industrial (STAG) | 3.0 | $35M | 1.9M | 18.45 | |
| National Storage Affiliates shs ben int (NSA) | 2.9 | $35M | 2.0M | 17.13 | |
| Felcor Lodging Trust Inc. pfd cv a $1.95 | 2.3 | $28M | 1.1M | 25.15 | |
| American Residential Pptys I | 1.9 | $22M | 1.2M | 18.90 | |
| Colony Financial | 1.8 | $21M | 1.1M | 19.48 | |
| SELECT INCOME REIT COM SH BEN int | 1.7 | $20M | 1.0M | 19.82 | |
| Epr Pptys conv pfd 9% sr e (EPR.PE) | 1.7 | $20M | 644k | 30.80 | |
| Wp Glimcher | 1.4 | $17M | 1.6M | 10.61 | |
| Umh Mobile Homes 8.25% Pfd A p | 1.4 | $16M | 630k | 25.72 | |
| Ramco-gershenson Pptys Tr perp pfd-d cv | 1.3 | $15M | 246k | 61.15 | |
| Lexington Rlty Trst Pref 6.50% p (LXP.PC) | 1.2 | $14M | 303k | 47.50 | |
| Summit Hotel Properties (INN) | 1.2 | $14M | 1.2M | 11.95 | |
| Monmouth R.E. Inv | 1.1 | $13M | 1.2M | 10.46 | |
| Uba 6 3/4 12/31/49 | 1.0 | $12M | 450k | 26.59 | |
| Sunstone Hotel Invs Inc New cv 8% cum pfd-d | 1.0 | $12M | 462k | 25.33 | |
| Winthrop Realty Trust | 0.9 | $11M | 858k | 12.97 | |
| Campus Crest Communities | 0.9 | $11M | 1.6M | 6.80 | |
| Corenergy Infrastructure note 7% 6/15 | 0.9 | $11M | 14M | 0.76 | |
| Ashford Hospitality Tr Inc cv pfd ser e | 0.9 | $10M | 403k | 25.35 | |
| American Homes 4 Rent-a reit (AMH) | 0.8 | $9.7M | 584k | 16.66 | |
| Colony Financial7.125%perp Cum p | 0.7 | $8.8M | 400k | 21.91 | |
| Peak Resorts | 0.7 | $7.8M | 1.3M | 6.01 | |
| Simon Property (SPG) | 0.7 | $7.6M | 39k | 194.45 | |
| Vanguard Sht Term Govt Bond ETF (VGSH) | 0.7 | $7.6M | 126k | 60.76 | |
| Corr 7 3/8 12/31/49 | 0.6 | $7.3M | 400k | 18.21 | |
| Wpp Plc- (WPP) | 0.6 | $7.2M | 63k | 114.73 | |
| Novartis (NVS) | 0.6 | $6.5M | 75k | 86.04 | |
| China Yuchai Intl (CYD) | 0.6 | $6.4M | 573k | 11.24 | |
| iShares MSCI ACWI ex US Index Fund (ACWX) | 0.6 | $6.5M | 148k | 44.00 | |
| HSBC Holdings (HSBC) | 0.5 | $6.4M | 162k | 39.47 | |
| Taiwan Semiconductor Mfg (TSM) | 0.5 | $6.3M | 276k | 22.75 | |
| Starwood Hotels & Resorts Worldwide | 0.5 | $6.3M | 91k | 69.27 | |
| Ubs Group (UBS) | 0.5 | $6.3M | 323k | 19.37 | |
| Retail Opportunity Investments | 0.5 | $6.1M | 340k | 17.90 | |
| Epr Properties Pfd C 5.75% (EPR.PC) | 0.5 | $6.0M | 249k | 24.00 | |
| Marine Harvest Asa Spons | 0.5 | $6.0M | 457k | 13.18 | |
| Wp Carey (WPC) | 0.5 | $5.9M | 100k | 59.00 | |
| Prologis (PLD) | 0.5 | $5.5M | 129k | 42.92 | |
| AvalonBay Communities (AVB) | 0.4 | $5.2M | 29k | 184.13 | |
| Fomento Economico Mexicano SAB (FMX) | 0.4 | $5.1M | 55k | 92.35 | |
| Ambev Sa- (ABEV) | 0.4 | $5.1M | 1.1M | 4.46 | |
| Unilever | 0.4 | $4.9M | 114k | 43.13 | |
| Boston Properties (BXP) | 0.4 | $4.8M | 38k | 127.53 | |
| Market Vectors Vietnam ETF. | 0.4 | $4.5M | 283k | 15.93 | |
| Ares Coml Real Estate (ACRE) | 0.4 | $4.5M | 390k | 11.44 | |
| Mitsubishi UFJ Financial (MUFG) | 0.4 | $4.4M | 707k | 6.22 | |
| Lloyds TSB (LYG) | 0.4 | $4.2M | 966k | 4.36 | |
| Equity Residential (EQR) | 0.3 | $4.1M | 50k | 81.59 | |
| American Assets Trust Inc reit (AAT) | 0.3 | $4.1M | 108k | 38.35 | |
| Vornado Realty Trust (VNO) | 0.3 | $3.8M | 38k | 99.96 | |
| Vanguard Short Term Corporate Bond ETF (VCSH) | 0.3 | $3.8M | 48k | 78.99 | |
| Kite Rlty Group Tr (KRG) | 0.3 | $3.7M | 144k | 25.93 | |
| Public Storage (PSA) | 0.3 | $3.7M | 15k | 247.68 | |
| Suncor Energy (SU) | 0.3 | $3.4M | 131k | 25.80 | |
| iShares Barclays Inter Crd Bd Fund ETF) (IGIB) | 0.3 | $3.3M | 31k | 107.28 | |
| Shaw Communications Inc cl b conv | 0.3 | $3.1M | 182k | 17.19 | |
| Ventas (VTR) | 0.3 | $3.0M | 54k | 56.43 | |
| Host Hotels & Resorts (HST) | 0.2 | $2.9M | 192k | 15.34 | |
| Alexandria Real Estate Equitie conv prf | 0.2 | $2.8M | 103k | 27.49 | |
| Comcast Corporation (CMCSA) | 0.2 | $2.8M | 49k | 56.47 | |
| Pfizer (PFE) | 0.2 | $2.6M | 81k | 32.28 | |
| Credicorp (BAP) | 0.2 | $2.6M | 27k | 97.32 | |
| BT | 0.2 | $2.3M | 67k | 34.62 | |
| Cardinal Health (CAH) | 0.2 | $2.3M | 26k | 89.25 | |
| SL Green Realty | 0.2 | $2.2M | 20k | 112.96 | |
| General Growth Properties | 0.2 | $2.3M | 83k | 27.21 | |
| Microsoft Corporation (MSFT) | 0.2 | $2.1M | 38k | 55.46 | |
| JPMorgan Chase & Co. (JPM) | 0.2 | $2.2M | 33k | 66.06 | |
| 3M Company (MMM) | 0.2 | $2.2M | 14k | 150.69 | |
| Weyerhaeuser Company (WY) | 0.2 | $2.2M | 73k | 29.99 | |
| Lexington Realty Trust | 0.2 | $2.2M | 270k | 8.00 | |
| Brixmor Prty (BRX) | 0.2 | $2.1M | 83k | 25.82 | |
| Welltower Inc Com reit (WELL) | 0.2 | $2.0M | 30k | 68.03 | |
| iShares Russell 3000 Index (IWV) | 0.2 | $1.9M | 15k | 120.31 | |
| Liberty Property Trust | 0.2 | $1.8M | 59k | 31.06 | |
| Qualcomm (QCOM) | 0.1 | $1.7M | 34k | 50.00 | |
| Armada Hoffler Pptys (AHH) | 0.1 | $1.7M | 165k | 10.48 | |
| KLA-Tencor Corporation (KLAC) | 0.1 | $1.7M | 24k | 69.38 | |
| HCP | 0.1 | $1.6M | 42k | 38.26 | |
| Federal Realty Inv. Trust | 0.1 | $1.6M | 11k | 146.12 | |
| Parkway Properties | 0.1 | $1.6M | 104k | 15.63 | |
| Farmland Partners (FPI) | 0.1 | $1.6M | 150k | 10.97 | |
| Genesis Healthcare Inc Cl A (GENNQ) | 0.1 | $1.7M | 486k | 3.47 | |
| BlackRock | 0.1 | $1.5M | 4.5k | 340.45 | |
| Johnson & Johnson (JNJ) | 0.1 | $1.6M | 15k | 102.70 | |
| American Campus Communities | 0.1 | $1.5M | 36k | 41.33 | |
| American Water Works (AWK) | 0.1 | $1.5M | 26k | 59.77 | |
| American Tower Reit (AMT) | 0.1 | $1.5M | 16k | 96.92 | |
| Crown Castle Intl (CCI) | 0.1 | $1.5M | 18k | 86.44 | |
| Cme (CME) | 0.1 | $1.4M | 16k | 90.63 | |
| Chevron Corporation (CVX) | 0.1 | $1.4M | 15k | 89.89 | |
| Sunstone Hotel Investors (SHO) | 0.1 | $1.5M | 118k | 12.49 | |
| Casey's General Stores (CASY) | 0.1 | $1.3M | 11k | 120.49 | |
| Texas Instruments Incorporated (TXN) | 0.1 | $1.3M | 24k | 54.81 | |
| Littelfuse (LFUS) | 0.1 | $1.2M | 12k | 106.96 | |
| Macquarie Infrastructure Company | 0.1 | $1.3M | 19k | 72.60 | |
| John Bean Technologies Corporation (JBTM) | 0.1 | $1.3M | 27k | 49.79 | |
| Kimco Realty Corporation (KIM) | 0.1 | $1.3M | 49k | 26.45 | |
| Phillips 66 (PSX) | 0.1 | $1.3M | 16k | 81.85 | |
| Alexander & Baldwin (ALEX) | 0.1 | $1.3M | 37k | 35.32 | |
| Time Warner | 0.1 | $1.2M | 19k | 64.67 | |
| Schlumberger (SLB) | 0.1 | $1.2M | 17k | 69.74 | |
| United Technologies Corporation | 0.1 | $1.2M | 13k | 96.11 | |
| General Dynamics Corporation (GD) | 0.1 | $1.2M | 9.0k | 137.36 | |
| Pool Corporation (POOL) | 0.1 | $1.2M | 15k | 80.75 | |
| Neenah Paper | 0.1 | $1.2M | 20k | 62.46 | |
| Mack-Cali Realty (VRE) | 0.1 | $1.1M | 49k | 23.35 | |
| Canadian Solar (CSIQ) | 0.1 | $1.2M | 43k | 28.97 | |
| Equity One | 0.1 | $1.2M | 44k | 27.15 | |
| Sun Communities (SUI) | 0.1 | $1.2M | 18k | 68.56 | |
| Wheeler Real Estate Investme | 0.1 | $1.1M | 584k | 1.93 | |
| Independence Realty Trust In (IRT) | 0.1 | $1.2M | 154k | 7.51 | |
| New York Reit | 0.1 | $1.2M | 105k | 11.50 | |
| Corenergy Infrastructure Tr | 0.1 | $1.2M | 82k | 14.84 | |
| Becton, Dickinson and (BDX) | 0.1 | $1.0M | 6.7k | 154.08 | |
| Pepsi (PEP) | 0.1 | $1.0M | 10k | 99.95 | |
| Macerich Company (MAC) | 0.1 | $1.1M | 14k | 80.67 | |
| iShares Lehman MBS Bond Fund (MBB) | 0.1 | $1.1M | 10k | 107.71 | |
| Vantiv Inc Cl A | 0.1 | $1.1M | 23k | 47.41 | |
| Silvercrest Asset Mgmt Groupcl (SAMG) | 0.1 | $1.0M | 87k | 11.89 | |
| South State Corporation | 0.1 | $1.0M | 14k | 71.93 | |
| Mobile TeleSystems OJSC | 0.1 | $952k | 154k | 6.18 | |
| U.S. Bancorp (USB) | 0.1 | $901k | 21k | 42.65 | |
| DST Systems | 0.1 | $977k | 8.6k | 114.06 | |
| Norfolk Southern (NSC) | 0.1 | $998k | 12k | 84.58 | |
| Stanley Black & Decker (SWK) | 0.1 | $969k | 9.1k | 106.68 | |
| Emerson Electric (EMR) | 0.1 | $887k | 19k | 47.80 | |
| ConocoPhillips (COP) | 0.1 | $929k | 20k | 46.71 | |
| Varian Medical Systems | 0.1 | $900k | 11k | 80.77 | |
| FelCor Lodging Trust Incorporated | 0.1 | $952k | 130k | 7.30 | |
| AmeriGas Partners | 0.1 | $959k | 28k | 34.26 | |
| Corporate Office Properties Trust (CDP) | 0.1 | $945k | 43k | 21.83 | |
| BioMed Realty Trust | 0.1 | $938k | 40k | 23.67 | |
| CoreSite Realty | 0.1 | $965k | 17k | 56.76 | |
| Broadridge Financial Solutions (BR) | 0.1 | $815k | 15k | 53.77 | |
| Automatic Data Processing (ADP) | 0.1 | $849k | 10k | 84.75 | |
| Eastman Chemical Company (EMN) | 0.1 | $788k | 12k | 67.46 | |
| Exponent (EXPO) | 0.1 | $884k | 18k | 49.97 | |
| CBOE Holdings (CBOE) | 0.1 | $811k | 13k | 64.93 | |
| iShares MSCI Taiwan Index | 0.1 | $836k | 60k | 14.01 | |
| Nordic American Tanker Shippin (NAT) | 0.1 | $839k | 54k | 15.54 | |
| Retail Properties Of America | 0.1 | $818k | 55k | 14.77 | |
| Gentherm (THRM) | 0.1 | $796k | 17k | 47.38 | |
| Fcb Financial Holdings-cl A | 0.1 | $804k | 22k | 35.84 | |
| Hoegh Lng Partners | 0.1 | $784k | 42k | 18.62 | |
| Pra Health Sciences | 0.1 | $863k | 19k | 45.32 | |
| Owens Corning (OC) | 0.1 | $679k | 15k | 46.96 | |
| American Express Company (AXP) | 0.1 | $725k | 10k | 69.55 | |
| Wal-Mart Stores (WMT) | 0.1 | $738k | 12k | 61.33 | |
| Core Laboratories | 0.1 | $735k | 6.8k | 108.89 | |
| Microchip Technology (MCHP) | 0.1 | $753k | 16k | 46.51 | |
| Cooper Companies | 0.1 | $687k | 5.1k | 134.23 | |
| Anadarko Petroleum Corporation | 0.1 | $764k | 16k | 48.60 | |
| Procter & Gamble Company (PG) | 0.1 | $744k | 9.4k | 79.37 | |
| Forest City Enterprises | 0.1 | $759k | 35k | 21.94 | |
| Enstar Group (ESGR) | 0.1 | $678k | 4.5k | 150.13 | |
| Robert Half International (RHI) | 0.1 | $716k | 15k | 47.17 | |
| Evercore Partners (EVR) | 0.1 | $684k | 13k | 54.01 | |
| California Water Service (CWT) | 0.1 | $655k | 28k | 23.28 | |
| Investors Real Estate Trust | 0.1 | $658k | 95k | 6.95 | |
| Tanger Factory Outlet Centers (SKT) | 0.1 | $654k | 20k | 32.70 | |
| Arbor Realty Trust (ABR) | 0.1 | $660k | 92k | 7.15 | |
| Alexandria Real Estate Equities (ARE) | 0.1 | $673k | 7.5k | 90.34 | |
| Brandywine Realty Trust (BDN) | 0.1 | $703k | 52k | 13.65 | |
| Wright Express (WEX) | 0.1 | $725k | 8.2k | 88.47 | |
| Rexford Industrial Realty Inc reit (REXR) | 0.1 | $751k | 46k | 16.35 | |
| Paramount Group Inc reit (PGRE) | 0.1 | $731k | 40k | 18.09 | |
| Ritchie Bros. Auctioneers Inco | 0.1 | $562k | 23k | 24.10 | |
| Cousins Properties | 0.1 | $646k | 69k | 9.43 | |
| Invesco (IVZ) | 0.1 | $586k | 18k | 33.49 | |
| MetLife (MET) | 0.1 | $623k | 13k | 48.19 | |
| Sun Hydraulics Corporation | 0.1 | $607k | 19k | 31.75 | |
| Sovran Self Storage | 0.1 | $563k | 5.2k | 107.30 | |
| First Potomac Realty Trust | 0.1 | $577k | 51k | 11.40 | |
| ProShares UltraShort Euro (EUO) | 0.1 | $625k | 25k | 25.51 | |
| Visteon Corporation (VC) | 0.1 | $573k | 5.0k | 114.60 | |
| Vanguard Mortgage Bkd Sects ETF (VMBS) | 0.1 | $551k | 11k | 52.63 | |
| Belmond | 0.1 | $570k | 60k | 9.50 | |
| Green Ban | 0.1 | $573k | 55k | 10.48 | |
| Global X Fds msci pakistan | 0.1 | $570k | 36k | 15.86 | |
| Cohen & Steers (CNS) | 0.0 | $437k | 14k | 30.45 | |
| Fifth Third Ban (FITB) | 0.0 | $457k | 23k | 20.10 | |
| Cedar Shopping Centers | 0.0 | $425k | 60k | 7.08 | |
| Nordson Corporation (NDSN) | 0.0 | $528k | 8.2k | 64.15 | |
| Monro Muffler Brake (MNRO) | 0.0 | $457k | 6.9k | 66.18 | |
| Jack Henry & Associates (JKHY) | 0.0 | $474k | 6.1k | 78.02 | |
| Senior Housing Properties Trust | 0.0 | $491k | 33k | 14.85 | |
| Hudson Pacific Properties | 0.0 | $493k | 18k | 28.10 | |
| iShares S&P SmallCap 600 Index (IJR) | 0.0 | $487k | 4.4k | 110.13 | |
| Terreno Realty Corporation (TRNO) | 0.0 | $513k | 23k | 22.62 | |
| Bankunited (BKU) | 0.0 | $480k | 13k | 36.08 | |
| Rait Financial Trust | 0.0 | $426k | 158k | 2.70 | |
| Eaton (ETN) | 0.0 | $435k | 8.4k | 52.07 | |
| Ishares Core Intl Stock Etf core (IXUS) | 0.0 | $443k | 9.0k | 49.43 | |
| Ashford Hospitality Prime In | 0.0 | $508k | 35k | 14.51 | |
| New Senior Inv Grp | 0.0 | $481k | 49k | 9.86 | |
| Virtu Financial Inc Class A (VIRT) | 0.0 | $446k | 20k | 22.60 | |
| Black Knight Finl Svcs Inc cl a | 0.0 | $419k | 13k | 33.08 | |
| Northstar Realty Finance | 0.0 | $519k | 31k | 17.04 | |
| Blackstone | 0.0 | $363k | 12k | 29.27 | |
| Digital Realty Trust (DLR) | 0.0 | $346k | 4.6k | 75.63 | |
| Nordstrom | 0.0 | $324k | 6.5k | 49.85 | |
| Williams-Sonoma (WSM) | 0.0 | $397k | 6.8k | 58.47 | |
| Omni (OMC) | 0.0 | $380k | 5.0k | 75.58 | |
| Mead Johnson Nutrition | 0.0 | $355k | 4.5k | 78.89 | |
| Post Properties | 0.0 | $296k | 5.0k | 59.20 | |
| EastGroup Properties (EGP) | 0.0 | $373k | 6.7k | 55.67 | |
| National Health Investors (NHI) | 0.0 | $302k | 5.0k | 60.78 | |
| Udr (UDR) | 0.0 | $316k | 8.4k | 37.58 | |
| Cadiz (CDZI) | 0.0 | $308k | 59k | 5.26 | |
| Howard Hughes | 0.0 | $317k | 2.8k | 113.21 | |
| Ddr Corp | 0.0 | $365k | 22k | 16.82 | |
| Granite Real Estate | 0.0 | $401k | 15k | 27.47 | |
| Performance Sports | 0.0 | $307k | 32k | 9.63 | |
| Catalent | 0.0 | $407k | 16k | 25.05 | |
| Care Cap Properties | 0.0 | $381k | 13k | 30.52 | |
| Health Care SPDR (XLV) | 0.0 | $242k | 3.4k | 72.09 | |
| Apple (AAPL) | 0.0 | $284k | 2.7k | 105.19 | |
| DiamondRock Hospitality Company (DRH) | 0.0 | $288k | 30k | 9.66 | |
| Extra Space Storage (EXR) | 0.0 | $289k | 3.3k | 88.33 | |
| Technology SPDR (XLK) | 0.0 | $233k | 5.4k | 42.78 | |
| Consumer Staples Select Sect. SPDR (XLP) | 0.0 | $236k | 4.7k | 50.42 | |
| Consumer Discretionary SPDR (XLY) | 0.0 | $231k | 3.0k | 78.07 | |
| iShares Dow Jones Select Dividend (DVY) | 0.0 | $220k | 2.9k | 75.09 | |
| GreenHunter Energy | 0.0 | $266k | 2.4M | 0.11 | |
| Rlj Lodging Trust (RLJ) | 0.0 | $223k | 10k | 21.65 | |
| Fbr & Co | 0.0 | $240k | 12k | 19.86 | |
| Qts Realty Trust | 0.0 | $261k | 5.8k | 45.13 | |
| Rmr Group Inc cl a (RMR) | 0.0 | $260k | 18k | 14.39 | |
| iShares Barclays Govnment/Cdit Bond (GBF) | 0.0 | $81k | 725.00 | 111.72 | |
| Cdk Global Inc equities | 0.0 | $137k | 2.9k | 47.36 | |
| Northstar Realty Europe | 0.0 | $120k | 10k | 11.82 | |
| Coca-Cola Company (KO) | 0.0 | $4.0k | 104.00 | 38.46 | |
| Exxon Mobil Corporation (XOM) | 0.0 | $32k | 423.00 | 75.65 | |
| McDonald's Corporation (MCD) | 0.0 | $17k | 137.00 | 124.09 | |
| Royal Dutch Shell | 0.0 | $18k | 378.00 | 47.62 | |
| Williams Companies (WMB) | 0.0 | $2.0k | 80.00 | 25.00 | |
| Syngenta | 0.0 | $4.0k | 55.00 | 72.73 | |
| Umpqua Holdings Corporation | 0.0 | $5.0k | 330.00 | 15.15 | |
| New Jersey Resources Corporation (NJR) | 0.0 | $14k | 426.00 | 32.86 | |
| Raymond James Financial (RJF) | 0.0 | $12k | 205.00 | 58.54 | |
| HMS Holdings | 0.0 | $2.0k | 180.00 | 11.11 | |
| World Fuel Services Corporation (WKC) | 0.0 | $10k | 270.00 | 37.04 | |
| US Ecology | 0.0 | $14k | 386.00 | 36.27 | |
| iShares MSCI Turkey Index Fund (TUR) | 0.0 | $9.0k | 250.00 | 36.00 | |
| iShares S&P Europe 350 Index (IEV) | 0.0 | $11k | 275.00 | 40.00 | |
| iShares MSCI ACWI Index Fund (ACWI) | 0.0 | $28k | 505.00 | 55.45 | |
| PIMCO Enhanced Short Mat Str Fund ETF (MINT) | 0.0 | $15k | 150.00 | 100.00 | |
| CECO Environmental (CECO) | 0.0 | $26k | 3.4k | 7.61 | |
| Ingredion Incorporated (INGR) | 0.0 | $5.0k | 55.00 | 90.91 | |
| Restoration Hardware Hldgs I | 0.0 | $18k | 225.00 | 80.00 | |
| Artisan Partners (APAM) | 0.0 | $11k | 300.00 | 36.67 | |
| Time | 0.0 | $36k | 2.3k | 15.46 |
