Forward Management

Forward Management as of June 30, 2018

Portfolio Holdings for Forward Management

Forward Management holds 168 positions in its portfolio as reported in the June 2018 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 20.9 $127M 467k 271.28
Braemar Hotels & Res 5.5 cum cv pfd b (BHR.PB) 8.2 $50M 2.6M 18.88
Sabra Health Care REIT (SBRA) 3.8 $23M 1.1M 21.73
Epr Pptys conv pfd 9% sr e (EPR.PE) 3.4 $21M 593k 34.92
Jernigan Cap 3.4 $20M 1.1M 19.06
Consolidated Tomoka Ld Co note 4.500% 3/1 3.2 $19M 18M 1.05
Stag Industrial (STAG) 3.2 $19M 706k 27.23
Rlj Lodging Tr Cum Conv Pfd A reit (RLJ.PA) 3.0 $19M 704k 26.24
Colony Cap Inc New cl a 3.0 $18M 2.9M 6.24
Chatham Lodging Trust (CLDT) 2.7 $16M 773k 21.22
Lexington Rlty Trst Pref 6.50% p (LXP.PC) 2.6 $16M 317k 49.13
American Homes 4 Rent-a reit (AMH) 2.4 $15M 660k 22.18
Ramco-gershenson Pptys Tr perp pfd-d cv 2.1 $13M 246k 52.72
Corenergy Infrastructure note 7% 6/15 2.1 $13M 11M 1.16
Uba 6 3/4 12/31/49 1.9 $11M 450k 25.19
Corr 7 3/8 12/31/49 1.9 $11M 450k 25.20
iShares MSCI ACWI ex US Index Fund (ACWX) 1.6 $9.5M 201k 47.25
Exantas Cap Corp 1.6 $9.4M 928k 10.18
Taubman Centers 1.4 $8.7M 148k 58.76
Clipper Realty Inc Reit equities - reit (CLPR) 1.4 $8.6M 1.0M 8.54
Park Hotels & Resorts Inc-wi (PK) 1.4 $8.4M 275k 30.63
Epr Properties Pfd C 5.75% (EPR.PC) 1.1 $6.5M 249k 25.98
Wheeler Real Estate Invt Tr cv pfd ser b (WHLRP) 1.0 $6.2M 388k 16.07
Infosys Technologies (INFY) 0.8 $4.6M 238k 19.43
Schlumberger (SLB) 0.7 $4.4M 66k 67.02
Taiwan Semiconductor Mfg (TSM) 0.7 $3.9M 108k 36.57
China Yuchai Intl (CYD) 0.6 $3.9M 181k 21.70
Armada Hoffler Pptys (AHH) 0.6 $3.7M 250k 14.90
Wpp Plc- (WPP) 0.5 $3.1M 39k 78.62
Unilever (UL) 0.5 $2.9M 53k 55.27
Landmark Infrastructure Lp 7% cnv pfd unt c 0.5 $2.9M 125k 23.54
Shaw Communications Inc cl b conv 0.4 $2.5M 122k 20.36
Microsoft Corporation (MSFT) 0.4 $2.3M 23k 98.55
Novartis (NVS) 0.4 $2.2M 29k 75.60
Prologis (PLD) 0.3 $2.1M 32k 65.70
Comcast Corporation (CMCSA) 0.3 $1.9M 58k 32.81
Wheeler Real Estate Invt Tr pfd cnv ser d (WHLRD) 0.3 $1.9M 100k 18.56
3M Company (MMM) 0.3 $1.8M 9.2k 196.72
Robert Half International (RHI) 0.3 $1.8M 28k 65.08
Texas Instruments Incorporated (TXN) 0.3 $1.7M 16k 110.28
Apple (AAPL) 0.3 $1.7M 9.3k 185.21
KLA-Tencor Corporation (KLAC) 0.3 $1.7M 17k 102.49
BlackRock 0.3 $1.6M 3.2k 499.07
Cme (CME) 0.3 $1.6M 9.6k 163.85
Digital Realty Trust (DLR) 0.3 $1.6M 14k 111.52
United Technologies Corporation 0.3 $1.5M 12k 125.03
Belmond 0.3 $1.6M 139k 11.15
Public Storage (PSA) 0.2 $1.5M 6.7k 226.83
Prudential Public Limited Company (PUK) 0.2 $1.5M 33k 45.70
U.S. Bancorp (USB) 0.2 $1.5M 30k 50.00
Equity Residential (EQR) 0.2 $1.5M 23k 63.70
Becton, Dickinson and (BDX) 0.2 $1.5M 6.1k 239.64
American Assets Trust Inc reit (AAT) 0.2 $1.5M 38k 38.31
Paramount Group Inc reit (PGRE) 0.2 $1.5M 95k 15.40
AvalonBay Communities (AVB) 0.2 $1.4M 8.2k 171.78
Simon Property (SPG) 0.2 $1.4M 8.1k 170.25
Ambev Sa- (ABEV) 0.2 $1.4M 307k 4.63
JPMorgan Chase & Co. (JPM) 0.2 $1.3M 13k 104.20
GlaxoSmithKline 0.2 $1.3M 33k 40.31
SL Green Realty 0.2 $1.3M 13k 100.54
Interxion Holding 0.2 $1.3M 21k 62.47
Equinix (EQIX) 0.2 $1.3M 3.1k 429.95
Pfizer (PFE) 0.2 $1.3M 35k 36.26
Cisco Systems (CSCO) 0.2 $1.2M 28k 43.02
Eastman Chemical Company (EMN) 0.2 $1.2M 12k 100.02
General Dynamics Corporation (GD) 0.2 $1.2M 6.6k 186.42
Ventas (VTR) 0.2 $1.2M 21k 56.91
Retail Opportunity Investments 0.2 $1.2M 65k 19.15
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.2 $1.2M 12k 106.29
Phillips 66 (PSX) 0.2 $1.2M 11k 112.25
Mobile TeleSystems OJSC 0.2 $1.1M 130k 8.83
Home Depot (HD) 0.2 $1.1M 5.8k 195.10
Essex Property Trust (ESS) 0.2 $1.1M 4.8k 238.88
Urstadt Biddle Properties 0.2 $1.1M 50k 22.62
Grupo Aeroportuario del Centro Nort (OMAB) 0.2 $1.2M 28k 41.62
Fomento Economico Mexicano SAB (FMX) 0.2 $1.1M 12k 87.80
Johnson & Johnson (JNJ) 0.2 $1.1M 8.9k 121.26
Chevron Corporation (CVX) 0.2 $1.1M 8.5k 126.34
Accenture (ACN) 0.2 $1.1M 6.6k 163.57
Medtronic (MDT) 0.2 $1.1M 13k 85.77
Ishares Inc etp (EWT) 0.2 $1.1M 30k 35.99
Mack-Cali Realty (VRE) 0.2 $1.0M 50k 20.28
Acadia Realty Trust (AKR) 0.2 $1.0M 38k 27.36
Terreno Realty Corporation (TRNO) 0.2 $1.0M 27k 37.65
Wal-Mart Stores (WMT) 0.2 $948k 11k 85.62
Amgen (AMGN) 0.2 $952k 5.2k 184.57
Alexandria Real Estate Equities (ARE) 0.2 $961k 7.6k 126.20
Eaton (ETN) 0.2 $949k 13k 74.78
Forest City Realty Trust Inc Class A 0.2 $951k 42k 22.82
iShares Lehman MBS Bond Fund (MBB) 0.1 $939k 9.0k 104.14
Interpublic Group of Companies (IPG) 0.1 $857k 37k 23.45
Pool Corporation (POOL) 0.1 $858k 5.7k 151.72
Kite Rlty Group Tr (KRG) 0.1 $873k 51k 17.09
Costco Wholesale Corporation (COST) 0.1 $807k 3.9k 209.12
HCP 0.1 $792k 31k 25.83
Vornado Realty Trust (VNO) 0.1 $747k 10k 73.81
Littelfuse (LFUS) 0.1 $742k 3.3k 228.24
Howard Hughes 0.1 $743k 5.6k 132.44
Welltower Inc Com reit (WELL) 0.1 $747k 12k 62.67
Procter & Gamble Company (PG) 0.1 $680k 8.7k 78.00
Starbucks Corporation (SBUX) 0.1 $642k 13k 48.84
Virtu Financial Inc Class A (VIRT) 0.1 $653k 25k 26.58
International Flavors & Fragrances (IFF) 0.1 $600k 4.8k 123.86
First American Financial (FAF) 0.1 $602k 12k 51.68
American Tower Reit (AMT) 0.1 $634k 4.4k 144.09
Wright Express (WEX) 0.1 $607k 3.2k 190.34
Crown Castle Intl (CCI) 0.1 $636k 5.9k 107.80
Worldpay Ord 0.1 $631k 7.7k 81.77
Broadridge Financial Solutions (BR) 0.1 $562k 4.9k 115.23
McDonald's Corporation (MCD) 0.1 $531k 3.4k 156.82
Pepsi (PEP) 0.1 $539k 4.9k 108.95
HFF 0.1 $550k 16k 34.35
Evercore Partners (EVR) 0.1 $560k 5.3k 105.38
Neenah Paper 0.1 $540k 6.4k 84.80
John Bean Technologies Corporation (JBTM) 0.1 $547k 6.2k 88.87
Tanger Factory Outlet Centers (SKT) 0.1 $477k 20k 23.45
Macerich Company (MAC) 0.1 $462k 8.1k 56.93
Veeva Sys Inc cl a (VEEV) 0.1 $490k 6.4k 76.86
Pra Health Sciences 0.1 $514k 5.5k 93.28
Casey's General Stores (CASY) 0.1 $411k 3.9k 105.30
CenterState Banks 0.1 $417k 14k 29.78
Guidewire Software (GWRE) 0.1 $414k 4.7k 88.65
Farmland Partners (FPI) 0.1 $450k 51k 8.81
Global X Fds msci pakistan 0.1 $398k 36k 11.07
Core Laboratories 0.1 $380k 3.0k 126.29
MetLife (MET) 0.1 $394k 9.0k 43.55
Kimco Realty Corporation (KIM) 0.1 $373k 22k 16.99
Sterling Bancorp 0.1 $356k 15k 23.48
Brixmor Prty (BRX) 0.1 $381k 22k 17.41
Ggp 0.1 $356k 17k 20.48
Qiagen Nv 0.1 $356k 9.9k 36.13
Black Knight 0.1 $337k 6.3k 53.56
Owens Corning (OC) 0.1 $310k 4.9k 63.54
Berkshire Hathaway (BRK.B) 0.1 $280k 1.5k 186.67
At&t (T) 0.1 $300k 9.4k 32.05
Enstar Group (ESGR) 0.1 $281k 1.4k 207.38
American Campus Communities 0.1 $319k 7.4k 42.99
BT 0.1 $308k 21k 14.50
Catalent 0.1 $287k 6.8k 41.97
Ritchie Bros. Auctioneers Inco 0.0 $227k 6.6k 34.15
Cantel Medical 0.0 $247k 2.5k 98.33
Brandywine Realty Trust (BDN) 0.0 $260k 15k 16.86
Bankunited (BKU) 0.0 $221k 5.4k 40.93
Gentherm (THRM) 0.0 $225k 5.7k 39.27
Madison Square Garden Cl A (MSGS) 0.0 $219k 708.00 309.32
Canada Goose Holdings Inc shs sub vtg (GOOS) 0.0 $273k 4.7k 58.71
Blackstone 0.0 $206k 6.4k 32.19
Herman Miller (MLKN) 0.0 $177k 5.2k 33.80
Apogee Enterprises (APOG) 0.0 $182k 3.8k 47.93
Chipotle Mexican Grill (CMG) 0.0 $162k 375.00 432.00
New York Community Ban 0.0 $140k 13k 11.02
Genesis Healthcare Inc Cl A (GENNQ) 0.0 $149k 65k 2.29
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.0 $31k 305.00 101.64
HSBC Holdings (HSBC) 0.0 $12k 255.00 47.06
Exxon Mobil Corporation (XOM) 0.0 $14k 166.00 84.34
PT Telekomunikasi Indonesia (TLK) 0.0 $9.0k 338.00 26.63
Ultrapar Participacoes SA (UGP) 0.0 $8.0k 700.00 11.43
New Jersey Resources Corporation (NJR) 0.0 $19k 426.00 44.60
Korea Electric Power Corporation (KEP) 0.0 $8.0k 570.00 14.04
Enersis 0.0 $11k 1.3k 8.46
iShares MSCI Turkey Index Fund (TUR) 0.0 $8.0k 250.00 32.00
iShares S&P Europe 350 Index (IEV) 0.0 $12k 275.00 43.64
iShares MSCI ACWI Index Fund (ACWI) 0.0 $30k 420.00 71.43
CECO Environmental (CECO) 0.0 $21k 3.4k 6.15
Alexandria Real Estate Equitie conv prf 0.0 $2.0k 50.00 40.00
Alexander & Baldwin (ALEX) 0.0 $1.0k 40.00 25.00
Hoegh Lng Partners 0.0 $5.0k 295.00 16.95
Ubs Group (UBS) 0.0 $2.0k 152.00 13.16