Forward Management

Forward Management as of Sept. 30, 2017

Portfolio Holdings for Forward Management

Forward Management holds 208 positions in its portfolio as reported in the September 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 11.2 $100M 398k 251.23
Ashford Hospitality Prime In pfd cv ser b 6.3 $57M 2.8M 20.22
Colony Northstar 4.2 $38M 3.0M 12.56
iShares Russell 2000 Index (IWM) 3.8 $34M 228k 148.18
SPDR Dow Jones Industrial Average ETF (DIA) 3.8 $34M 151k 223.82
Chatham Lodging Trust (CLDT) 3.7 $33M 1.5M 21.32
Sabra Health Care REIT (SBRA) 3.6 $33M 1.5M 21.94
Jernigan Cap 3.3 $30M 1.4M 20.55
Medequities Realty Trust reit 2.8 $25M 2.2M 11.75
Epr Pptys conv pfd 9% sr e (EPR.PE) 2.6 $23M 644k 35.87
Government Properties Income Trust 2.5 $23M 1.2M 18.77
Corenergy Infrastructure note 7% 6/15 2.5 $22M 19M 1.16
Consolidated Tomoka Ld Co note 4.500% 3/1 2.5 $22M 21M 1.08
Ddr Corp 2.4 $22M 2.4M 9.16
Stag Industrial (STAG) 2.4 $21M 777k 27.47
Franklin Street Properties (FSP) 2.2 $20M 1.9M 10.62
Lexington Rlty Trst Pref 6.50% p (LXP.PC) 1.8 $16M 317k 51.09
Resource Cap 1.7 $16M 1.4M 10.78
Kite Rlty Group Tr (KRG) 1.7 $15M 752k 20.25
Ramco-gershenson Pptys Tr perp pfd-d cv 1.5 $13M 246k 54.12
Corr 7 3/8 12/31/49 1.5 $13M 500k 26.00
Taubman Centers 1.4 $13M 253k 49.70
Uba 6 3/4 12/31/49 1.3 $12M 450k 26.32
Clipper Realty Inc Reit equities - reit (CLPR) 1.2 $11M 1.0M 10.71
Brookdale Senior Living (BKD) 1.1 $10M 972k 10.60
Wheeler Real Estate Invt Tr cv pfd ser b (WHLRP) 1.0 $8.7M 390k 22.20
Epr Properties Pfd C 5.75% (EPR.PC) 0.8 $6.9M 249k 27.71
China Yuchai Intl (CYD) 0.7 $6.1M 274k 22.26
Taiwan Semiconductor Mfg (TSM) 0.6 $5.4M 145k 37.56
Washington Prime Group 0.6 $5.5M 658k 8.33
National Storage Affiliates shs ben int (NSA) 0.6 $5.3M 220k 24.24
American Homes 4 Rent-a reit (AMH) 0.6 $5.3M 244k 21.71
CBL & Associates Properties 0.6 $5.2M 615k 8.39
iShares MSCI ACWI ex US Index Fund (ACWX) 0.6 $5.1M 105k 48.35
Infosys Technologies (INFY) 0.5 $4.5M 311k 14.59
Wheeler Real Estate Invt Tr pfd cnv ser d (WHLRD) 0.5 $4.5M 200k 22.50
Schlumberger (SLB) 0.5 $4.4M 62k 69.76
Materials SPDR (XLB) 0.4 $3.9M 69k 56.80
Financial Select Sector SPDR (XLF) 0.4 $3.9M 152k 25.86
Vanguard Information Technology ETF (VGT) 0.4 $3.9M 26k 152.01
Vanguard Industrials ETF (VIS) 0.4 $3.9M 29k 134.27
Alexandria Real Estate Equitie conv prf 0.4 $3.7M 103k 35.75
Wpp Plc- (WPP) 0.4 $3.6M 39k 92.82
Ashford Hospitality Prime In 0.4 $3.5M 365k 9.50
Unilever 0.4 $3.4M 58k 57.96
Weyerhaeuser Company (WY) 0.4 $3.3M 98k 34.03
Shaw Communications Inc cl b conv 0.4 $3.2M 140k 23.01
CoreSite Realty 0.3 $3.1M 28k 111.88
Paramount Group Inc reit (PGRE) 0.3 $3.0M 188k 16.00
Belmond 0.3 $3.0M 218k 13.65
Digital Realty Trust (DLR) 0.3 $2.9M 24k 118.31
Equity Residential (EQR) 0.3 $2.9M 43k 65.91
Ambev Sa- (ABEV) 0.3 $2.8M 422k 6.59
Novartis (NVS) 0.3 $2.7M 31k 85.83
Acadia Realty Trust (AKR) 0.3 $2.6M 90k 28.63
SL Green Realty 0.3 $2.5M 25k 101.32
American Assets Trust Inc reit (AAT) 0.3 $2.5M 64k 39.76
Essex Property Trust (ESS) 0.3 $2.4M 9.5k 254.00
Madison Square Garden Cl A (MSGS) 0.3 $2.4M 11k 214.05
Comcast Corporation (CMCSA) 0.3 $2.3M 61k 38.48
Vornado Realty Trust (VNO) 0.3 $2.3M 30k 76.88
Alexandria Real Estate Equities (ARE) 0.2 $2.1M 18k 118.94
Tanger Factory Outlet Centers (SKT) 0.2 $1.9M 79k 24.43
Urstadt Biddle Properties 0.2 $2.0M 92k 21.70
Retail Opportunity Investments 0.2 $1.9M 101k 19.01
Forest City Realty Trust Inc Class A 0.2 $2.0M 78k 25.51
Microsoft Corporation (MSFT) 0.2 $1.9M 26k 74.50
3M Company (MMM) 0.2 $1.8M 8.8k 209.80
Prudential Public Limited Company (PUK) 0.2 $1.8M 39k 47.92
AvalonBay Communities (AVB) 0.2 $1.8M 10k 178.40
KLA-Tencor Corporation (KLAC) 0.2 $1.8M 17k 105.98
Capital Senior Living Corporation 0.2 $1.8M 141k 12.55
Alexander & Baldwin (ALEX) 0.2 $1.8M 39k 46.33
TravelCenters of America 0.2 $1.7M 398k 4.25
Ubs Group (UBS) 0.2 $1.7M 97k 17.15
BlackRock 0.2 $1.6M 3.6k 447.12
U.S. Bancorp (USB) 0.2 $1.6M 30k 53.62
Apple (AAPL) 0.2 $1.5M 9.7k 154.02
GlaxoSmithKline 0.2 $1.5M 37k 40.63
United Technologies Corporation 0.2 $1.5M 13k 116.10
Robert Half International (RHI) 0.2 $1.5M 31k 50.32
Cme (CME) 0.2 $1.4M 10k 135.75
Pfizer (PFE) 0.2 $1.4M 39k 35.70
Texas Instruments Incorporated (TXN) 0.2 $1.4M 16k 89.64
General Dynamics Corporation (GD) 0.2 $1.4M 7.0k 205.57
Ggp 0.2 $1.4M 69k 20.76
Johnson & Johnson (JNJ) 0.1 $1.3M 10k 129.99
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.1 $1.3M 12k 110.11
Brixmor Prty (BRX) 0.1 $1.3M 70k 18.81
Fomento Economico Mexicano SAB (FMX) 0.1 $1.3M 13k 95.63
JPMorgan Chase & Co. (JPM) 0.1 $1.3M 13k 95.54
Cardinal Health (CAH) 0.1 $1.2M 19k 66.88
Macerich Company (MAC) 0.1 $1.2M 22k 55.00
Howard Hughes 0.1 $1.2M 11k 118.00
Welltower Inc Com reit (WELL) 0.1 $1.3M 18k 70.28
Eastman Chemical Company (EMN) 0.1 $1.1M 13k 90.51
Becton, Dickinson and (BDX) 0.1 $1.2M 6.1k 195.97
Interxion Holding 0.1 $1.1M 22k 50.94
Phillips 66 (PSX) 0.1 $1.1M 12k 91.64
Ishares Inc etp (EWT) 0.1 $1.1M 30k 36.09
Home Depot (HD) 0.1 $966k 5.9k 163.53
Amgen (AMGN) 0.1 $987k 5.3k 186.30
Invesco (IVZ) 0.1 $975k 28k 35.05
Eaton (ETN) 0.1 $982k 13k 76.73
Wal-Mart Stores (WMT) 0.1 $890k 11k 78.15
Chevron Corporation (CVX) 0.1 $925k 7.9k 117.34
Cisco Systems (CSCO) 0.1 $869k 26k 33.62
Interpublic Group of Companies (IPG) 0.1 $890k 43k 20.80
iShares Lehman MBS Bond Fund (MBB) 0.1 $900k 8.4k 106.94
Procter & Gamble Company (PG) 0.1 $830k 9.1k 90.97
Accenture (ACN) 0.1 $778k 5.8k 135.14
HFF 0.1 $812k 21k 39.56
John Bean Technologies Corporation (JBTM) 0.1 $845k 8.4k 101.10
Kimco Realty Corporation (KIM) 0.1 $797k 41k 19.53
Farmland Partners (FPI) 0.1 $831k 92k 9.04
Grupo Aeroportuario del Pacifi (PAC) 0.1 $707k 6.9k 102.46
HCP 0.1 $681k 25k 27.80
Prologis (PLD) 0.1 $702k 11k 63.44
Time Warner 0.1 $582k 5.7k 102.50
Walt Disney Company (DIS) 0.1 $657k 6.7k 98.62
Pool Corporation (POOL) 0.1 $608k 5.6k 108.17
Neenah Paper 0.1 $587k 6.9k 85.52
Equinix (EQIX) 0.1 $669k 1.5k 446.00
Genesis Healthcare Inc Cl A (GENNQ) 0.1 $615k 530k 1.16
Mobile TeleSystems OJSC 0.1 $559k 54k 10.45
Owens Corning (OC) 0.1 $533k 6.9k 77.21
Broadridge Financial Solutions (BR) 0.1 $543k 6.7k 80.98
Cooper Companies 0.1 $517k 2.2k 237.16
Pepsi (PEP) 0.1 $577k 5.2k 111.43
American Campus Communities 0.1 $530k 12k 44.17
MetLife (MET) 0.1 $497k 9.6k 51.98
Korea Electric Power Corporation (KEP) 0.1 $530k 32k 16.77
Vantiv Inc Cl A 0.1 $536k 7.6k 70.52
Virtu Financial Inc Class A (VIRT) 0.1 $497k 31k 16.20
Global X Fds msci pakistan 0.1 $522k 36k 14.52
Jbg Smith Properties (JBGS) 0.1 $509k 15k 34.16
iStar Financial 0.1 $460k 39k 11.79
DST Systems 0.1 $405k 7.4k 55.00
Berkshire Hathaway (BRK.B) 0.1 $422k 2.3k 183.48
Casey's General Stores (CASY) 0.1 $417k 3.8k 109.39
Ultrapar Participacoes SA (UGP) 0.1 $463k 20k 23.80
Evercore Partners (EVR) 0.1 $420k 5.2k 80.23
CenterState Banks 0.1 $448k 17k 26.85
BT 0.1 $488k 25k 19.27
First American Financial (FAF) 0.1 $430k 8.6k 49.97
Sterling Bancorp 0.1 $482k 20k 24.63
Pra Health Sciences 0.1 $415k 5.4k 76.26
Monsanto Company 0.0 $331k 2.8k 120.01
Varian Medical Systems 0.0 $368k 3.7k 100.08
Littelfuse (LFUS) 0.0 $401k 2.0k 196.09
Wright Express (WEX) 0.0 $354k 3.2k 112.17
Cim Coml Tr 0.0 $328k 20k 16.78
Hoegh Lng Partners 0.0 $373k 20k 18.56
Deutsch Bank Ag yankee 7.5% 12/29/2049 0.0 $315k 300k 1.05
Blackstone 0.0 $297k 8.9k 33.37
Core Laboratories 0.0 $294k 3.0k 98.76
Public Storage (PSA) 0.0 $261k 1.2k 214.29
Enstar Group (ESGR) 0.0 $291k 1.3k 222.31
Companhia Energetica Minas Gerais (CIG) 0.0 $280k 113k 2.48
Acuity Brands (AYI) 0.0 $276k 1.6k 171.54
Chipotle Mexican Grill (CMG) 0.0 $231k 750.00 308.00
Credit Suisse Nassau Brh invrs vix sterm 0.0 $278k 2.9k 97.51
Catalent 0.0 $269k 6.7k 39.89
Black Knight Finl Svcs Inc cl a 0.0 $274k 6.4k 43.00
Ritchie Bros. Auctioneers Inco 0.0 $203k 6.4k 31.65
Herman Miller (MLKN) 0.0 $184k 5.1k 35.91
Monro Muffler Brake (MNRO) 0.0 $154k 2.7k 56.06
Insteel Industries (IIIN) 0.0 $161k 6.2k 26.03
Suncor Energy (SU) 0.0 $154k 4.4k 35.00
Brandywine Realty Trust (BDN) 0.0 $156k 8.9k 17.50
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $162k 1.3k 121.08
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $202k 2.3k 88.79
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $192k 1.6k 116.50
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.0 $137k 1.4k 101.48
Bankunited (BKU) 0.0 $192k 5.4k 35.56
Gentherm (THRM) 0.0 $209k 5.6k 37.06
Wisdomtree Continuous Commodity Index Fund etf 0.0 $217k 12k 18.73
Canada Goose Holdings Inc shs sub vtg (GOOS) 0.0 $212k 10k 20.54
iShares MSCI Emerging Markets Indx (EEM) 0.0 $67k 1.5k 45.12
Costco Wholesale Corporation (COST) 0.0 $82k 500.00 164.00
McDonald's Corporation (MCD) 0.0 $110k 700.00 157.14
iShares S&P 500 Index (IVV) 0.0 $86k 339.00 253.69
iShares MSCI EAFE Index Fund (EFA) 0.0 $104k 1.5k 68.56
Apogee Enterprises (APOG) 0.0 $121k 2.5k 48.11
iShares S&P MidCap 400 Index (IJH) 0.0 $62k 347.00 178.67
Vanguard Europe Pacific ETF (VEA) 0.0 $117k 2.7k 43.48
Direxion Shs Etf Tr cmn 0.0 $75k 3.6k 20.96
Brighthouse Finl (BHF) 0.0 $52k 848.00 61.32
HSBC Holdings (HSBC) 0.0 $13k 255.00 50.98
Exxon Mobil Corporation (XOM) 0.0 $15k 181.00 82.87
New Jersey Resources Corporation (NJR) 0.0 $18k 426.00 42.25
iShares S&P SmallCap 600 Index (IJR) 0.0 $12k 151.00 79.47
iShares MSCI Turkey Index Fund (TUR) 0.0 $10k 250.00 40.00
iShares S&P India Nifty 50 Index Fund (INDY) 0.0 $1.0k 18.00 55.56
iShares S&P Europe 350 Index (IEV) 0.0 $14k 289.00 48.44
iShares S&P SmallCap 600 Growth (IJT) 0.0 $1.0k 4.00 250.00
iShares MSCI Cntry Asa Jpn Idx Fnd (AAXJ) 0.0 $999.990000 9.00 111.11
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.0 $1.0k 11.00 90.91
iShares Russell Microcap Index (IWC) 0.0 $1.0k 7.00 142.86
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.0 $999.970000 19.00 52.63
CECO Environmental (CECO) 0.0 $29k 3.4k 8.49
Ishares Trust Msci China msci china idx (MCHI) 0.0 $1.0k 10.00 100.00
Ishares Inc emrgmkt dividx (DVYE) 0.0 $1.0k 15.00 66.67
Ishares Inc core msci emkt (IEMG) 0.0 $999.960000 12.00 83.33
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.0 $1.0k 10.00 100.00
Ishares Core Intl Stock Etf core (IXUS) 0.0 $1.0k 11.00 90.91
Ishares Inc msci frntr 100 (FM) 0.0 $1.0k 21.00 47.62
Ishares Msci Global Metals & etp (PICK) 0.0 $1.0k 20.00 50.00