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Disclosery

Forward Management, LLC

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13F filer, CIK 1385864, San Francisco, CA

Forward Management, LLC reported $1,037,819,000 across 32 holdings for the quarter ended 2021-12-31, in a 13F-HR filed 2022-02-04. Its ten largest share positions make up 93.75% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-22-000505

Period
2021-12-31
Reported value
$1.04B
Holdings
32
Top 10 weight
93.75%
New
15
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SHYadded+1,189,171$102M
SPYadded+187,419$89M
RPT REALTYnew+231,070$13.6M
LXP INDUSTRIAL TRUSTnew+218,560$13.6M
RLJ LODGING TRnew+425,140$12.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
QQQreduced-253,567-$101M
DIAexited-256,875-$86.9M
EQCexited-280,000-$7.27M
NSAreduced-79,200-$5.48M
CYRUSONE INCexited-66,000-$5.11M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2021

Share positions as resolved from 13F-HR 0001085146-22-000505, largest first. % of portfolio is the value over $1,037,819,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 2,389,284 shares; 2021Q2: 5,085,086 shares; 2021Q3: 5,158,656 shares; 2021Q4: 6,347,827 shares 6,347,827$543M52.32%+1,189,171Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 571,243 shares; 2021Q2: 726,084 shares; 2021Q3: 533,228 shares; 2021Q4: 720,647 shares 720,647$342M32.98%+187,419Timeline
AOKISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 151,558 shares; 2021Q4: 421,984 shares 421,984$16.9M1.63%+270,426Timeline
RPT REALTYRPT REALTYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 231,070 shares 231,070$13.6M1.31%new
LXP INDUSTRIAL TRUSTLXP INDUSTRIAL TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 218,560 shares 218,560$13.6M1.31%new
RLJ LODGING TRRLJ LODGING TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 425,140 shares 425,140$12.2M1.18%new
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 280,110 shares 280,110$10M0.96%new
FPIFARMLAND PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 635,542 shares 635,542$7.59M0.73%newTimeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 29,000 shares; 2021Q3: 25,000 shares; 2021Q4: 25,600 shares 25,600$7.49M0.72%+600Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 13,000 shares; 2021Q2: 13,000 shares; 2021Q3: not reported; 2021Q4: 30,000 shares 30,000$6.26M0.6%newTimeline
AMERICAN CAMPUS COMMUNITIESAMERICAN CAMPUS COMMUNITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 100,000 shares; 2021Q4: 105,000 shares 105,000$6.01M0.58%+5,000
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 30,000 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 100,000 shares 100,000$6M0.58%newTimeline
WPCWP CAREY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 45,000 shares; 2021Q2: 112,800 shares; 2021Q3: 102,800 shares; 2021Q4: 72,600 shares 72,600$5.96M0.57%-30,200Timeline
RETAIL OPPORTUNITY INVESTME…RETAIL OPPORTUNITY INVESTMENTSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 42,000 shares; 2021Q2: 42,100 shares; 2021Q3: 192,100 shares; 2021Q4: 267,200 shares 267,200$5.24M0.5%+75,100
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 51,500 shares; 2021Q2: 51,520 shares; 2021Q3: 42,520 shares; 2021Q4: 44,520 shares 44,520$5.13M0.49%+2,000Timeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 143,439 shares 143,439$4.7M0.45%newTimeline
SL GREEN REALTY CORPSL GREEN REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 10,587 shares; 2021Q2: 55,626 shares; 2021Q3: 70,039 shares; 2021Q4: 63,039 shares 63,039$4.52M0.44%-7,000
APLEAPPLE HOSPITALITY REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 223,900 shares; 2021Q3: 330,000 shares; 2021Q4: 275,000 shares 275,000$4.44M0.43%-55,000Timeline
PCHPOTLATCHDELTIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 104,000 shares; 2021Q4: 66,400 shares 66,400$4M0.39%-37,600Timeline
DRHDIAMONDROCK HOSPITALITY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 391,000 shares; 2021Q4: 396,000 shares 396,000$3.81M0.37%+5,000Timeline
VNOVORNADO RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 100,000 shares; 2021Q4: 85,000 shares 85,000$3.56M0.34%-15,000Timeline
CATCHMARK TIMBER TR INC CL ACATCHMARK TIMBER TR INC CL AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 366,685 shares 366,685$3.19M0.31%new
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 4,500 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 5,715 shares 5,715$1.27M0.12%newTimeline
FEDERAL REALTY INVESTMENT T…FEDERAL REALTY INVESTMENT TRUSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 7,200 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 9,020 shares 9,020$1.23M0.12%new
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 4,100 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 4,810 shares 4,810$1.22M0.12%newTimeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 246,545 shares; 2021Q3: 256,442 shares; 2021Q4: 2,875 shares 2,875$1.14M0.11%-253,567Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 840 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 1,003 shares 1,003$848K0.08%newTimeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 31,000 shares 31,000$793K0.08%new
AATAMERICAN ASSETS TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 19,000 shares; 2021Q2: 19,025 shares; 2021Q3: 19,025 shares; 2021Q4: 19,025 shares 19,025$714K0.07%0Timeline
NSANATIONAL STORAGE AFFILIATESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 85,100 shares; 2021Q3: 85,000 shares; 2021Q4: 5,800 shares 5,800$401K0.04%-79,200Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: 5,700 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 7,520 shares 7,520$384K0.04%newTimeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q1: restricted; 2020Q2: restricted; 2020Q3: restricted; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 125,000 shares; 2021Q4: 10,000 shares 10,000$301K0.03%-115,000Timeline

Sold out in Q4 2021

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
DIASTATE STR SPDR DOW JONES IND256,875$86.9Mshares
EQCEQUITY COMMONWEALTH280,000$7.27Mshares
CYRUSONE INCCYRUSONE INC66,000$5.11Mshares
STAGSTAG INDUSTRIAL INC120,000$4.71Mshares
CLPRCLIPPER RLTY INC283,423$2.3Mshares

How Q4 2021 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001085146-22-000505 base2022-02-04acceptance time not in the bulk data set