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Forward Management, LLC

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13F filer, CIK 1385864, San Francisco, CA

Forward Management, LLC reported $907,108,000 across 32 holdings for the quarter ended 2022-09-30, in a 13F-HR filed 2022-11-03. Its ten largest share positions make up 93.86% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-22-003740

Period
2022-09-30
Reported value
$907M
Holdings
32
Top 10 weight
93.86%
New
9
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYnew+608,621$217M
Proshares Short S&Padded+7,907,587$137M
APLEadded+163,588$2.3M
PECOnew+80,000$2.24M
OUTFRONT MEDIA INCnew+136,000$2.07M

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
BILreduced-3,281,851-$301M
DIAexited-219,123-$67.5M
BRXexited-65,000-$1.31M
BXPreduced-14,900-$1.12M
PCHreduced-21,700-$890K

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, Q3 2022

Share positions as resolved from 13F-HR 0001085146-22-003740, largest first. % of portfolio is the value over $907,108,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: 6,744,105 shares; 2022Q2: 7,050,427 shares; 2022Q3: 3,768,576 shares 3,768,576$345M38.06%-3,281,851Timeline
Proshares Short S&PProshares Short S&PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: 18,755 shares; 2022Q2: 5,446,756 shares; 2022Q3: 13,354,343 shares 13,354,343$231M25.44%+7,907,587
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 571,243 shares; 2021Q2: 726,084 shares; 2021Q3: 533,228 shares; 2021Q4: 720,647 shares; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 608,621 shares 608,621$217M23.96%newTimeline
RLJ LODGING TRRLJ LODGING TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 425,140 shares; 2022Q1: 425,155 shares; 2022Q2: 430,155 shares; 2022Q3: 430,155 shares 430,155$10.6M1.17%0
LXP INDUSTRIAL TRUSTLXP INDUSTRIAL TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 218,560 shares; 2022Q1: 218,500 shares; 2022Q2: 219,000 shares; 2022Q3: 217,864 shares 217,864$10.5M1.16%-1,136
RPT REALTYRPT REALTYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 231,070 shares; 2022Q1: 231,080 shares; 2022Q2: 220,918 shares; 2022Q3: 217,011 shares 217,011$9.51M1.05%-3,907
AOKISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 151,558 shares; 2021Q4: 421,984 shares; 2022Q1: 292,243 shares; 2022Q2: 210,968 shares; 2022Q3: 230,640 shares 230,640$7.52M0.83%+19,672Timeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 280,110 shares; 2022Q1: 280,100 shares; 2022Q2: 280,100 shares; 2022Q3: 280,100 shares 280,100$7.19M0.79%0
APLEAPPLE HOSPITALITY REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 223,900 shares; 2021Q3: 330,000 shares; 2021Q4: 275,000 shares; 2022Q1: 200,000 shares; 2022Q2: 301,412 shares; 2022Q3: 465,000 shares 465,000$6.54M0.72%+163,588Timeline
RETAIL OPPORTUNITY INVESTME…RETAIL OPPORTUNITY INVESTMENTSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 42,000 shares; 2021Q2: 42,100 shares; 2021Q3: 192,100 shares; 2021Q4: 267,200 shares; 2022Q1: 267,370 shares; 2022Q2: 355,270 shares; 2022Q3: 452,270 shares 452,270$6.22M0.69%+97,000
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: 50,500 shares; 2022Q3: 50,520 shares 50,520$5.13M0.57%+20Timeline
GLPIGAMING & LEISURE PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: 72,100 shares; 2022Q2: 77,100 shares; 2022Q3: 111,600 shares 111,600$4.94M0.54%+34,500Timeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: 103,000 shares; 2022Q3: 123,000 shares 123,000$4.93M0.54%+20,000Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: 20,000 shares; 2022Q2: 73,000 shares; 2022Q3: 73,070 shares 73,070$4.91M0.54%+70Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 30,000 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 100,000 shares; 2022Q1: 130,035 shares; 2022Q2: 130,035 shares; 2022Q3: 110,035 shares 110,035$4.59M0.51%-20,000Timeline
SUISUN CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: 16,800 shares; 2022Q3: 32,000 shares 32,000$4.33M0.48%+15,200Timeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 143,439 shares; 2022Q1: 154,340 shares; 2022Q2: 154,340 shares; 2022Q3: 169,340 shares 169,340$4.17M0.46%+15,000Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 29,000 shares; 2021Q3: 25,000 shares; 2021Q4: 25,600 shares; 2022Q1: 19,824 shares; 2022Q2: 20,424 shares; 2022Q3: 17,424 shares 17,424$3.74M0.41%-3,000Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 51,500 shares; 2021Q2: 51,520 shares; 2021Q3: 42,520 shares; 2021Q4: 44,520 shares; 2022Q1: 44,500 shares; 2022Q2: 62,600 shares; 2022Q3: 47,700 shares 47,700$3.58M0.39%-14,900Timeline
FPIFARMLAND PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 635,542 shares; 2022Q1: 440,360 shares; 2022Q2: 255,360 shares; 2022Q3: 255,360 shares 255,360$3.23M0.36%0Timeline
PCHPOTLATCHDELTIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 104,000 shares; 2021Q4: 66,400 shares; 2022Q1: 54,906 shares; 2022Q2: 84,550 shares; 2022Q3: 62,850 shares 62,850$2.58M0.28%-21,700Timeline
PECOPHILLIPS EDISON & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 80,000 shares 80,000$2.24M0.25%newTimeline
OUTFRONT MEDIA INCOUTFRONT MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 136,000 shares 136,000$2.07M0.23%new
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 4,100 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 4,810 shares; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 4,400 shares 4,400$810K0.09%newTimeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 4,500 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 5,715 shares; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 5,720 shares 5,720$802K0.09%newTimeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 8,020 shares 8,020$723K0.08%newTimeline
AOMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: not reported; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 18,380 shares 18,380$673K0.07%newTimeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 840 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 1,003 shares; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 1,000 shares 1,000$569K0.06%newTimeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 31,000 shares; 2022Q1: 31,000 shares; 2022Q2: 31,000 shares; 2022Q3: 31,000 shares 31,000$536K0.06%0
NSANATIONAL STORAGE AFFILIATESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: 85,100 shares; 2021Q3: 85,000 shares; 2021Q4: 5,800 shares; 2022Q1: 12,050 shares; 2022Q2: 12,050 shares; 2022Q3: 12,050 shares 12,050$501K0.06%0Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: 5,700 shares; 2021Q2: not reported; 2021Q3: not reported; 2021Q4: 7,520 shares; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 7,540 shares 7,540$303K0.03%newTimeline
DRHDIAMONDROCK HOSPITALITY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2020Q4: restricted; 2021Q1: not reported; 2021Q2: not reported; 2021Q3: 391,000 shares; 2021Q4: 396,000 shares; 2022Q1: 396,000 shares; 2022Q2: 155,679 shares; 2022Q3: 40,000 shares 40,000$300K0.03%-115,679Timeline

Sold out in Q3 2022

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

SecurityShares beforeValue beforeType
DIASTATE STR SPDR DOW JONES IND219,123$67.5Mshares
BRXBRIXMOR PPTY GROUP INC65,000$1.31Mshares
AATAMERICAN ASSETS TR INC19,000$564Kshares
MACMACERICH CO50,350$439Kshares

How Q3 2022 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 0001085146-22-003740 base2022-11-03acceptance time not in the bulk data set