FORWARD MANAGEMENT, LLC Information

101 CALIFORNIA STREET, 16TH FLOOR, SAN FRANCISCO, California, 94111, (415) 869-6300

Report Date: 03/31/2015

Position Statistics

Total Positions 451
New Positions 69
Increased Positions 162
Decreased Positions 195
Positions with Activity 357
Sold Out Positions 87
Total Mkt Value (in $ millions) 1,670

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.92%
Capital Goods 1.96%
Conglomerates 1.5%
Consumer Cyclical 0.27%
Consumer/Non-Cyclical 0.87%
Energy 1.27%
Financial 35.54%
Healthcare 5.39%
Services 45.06%
Technology 1.69%
Transportation 0.41%
Utilities 0.27%

451 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES TR RUSSELL 2000 ETF 166,723 166,723 New 1,336,456
SPDR S&P 500 ETF TR TR UNIT 128,528 -413,184 (76.27) 604,268
SPDR SERIES TRUST BRCLYS 1-3MT ETF 122,219 37,352 44.01 2,673,212
CHATHAM LODGING TR COM 51,782 4,199 8.82 1,850,000
FRANKLIN STREET PPTYS CORP COM 42,041 -164 (0.39) 3,599,400
STAG INDL INC COM 40,209 -19,023 (32.12) 1,840,222
SUMMIT HOTEL PPTYS COM 38,732 New 2,850,000
EXCEL TR INC COM 37,884 8,263 27.89 2,381,148
AMERICAN RLTY CAP PPTYS INC COM 36,360 New 4,000,000
ISHARES TR CHINA LG-CAP ETF 36,186 36,186 New 701,954
ISHARES TR MSCI EAFE ETF 32,357 32,357 New 479,998
MACK CALI RLTY CORP COM 28,683 -450 (1.54) 1,658,957
SABRA HEALTH CARE REIT INC COM 28,218 -3,495 (11.02) 1,053,300
FELCOR LODGING TR INC PFD CV A $1.95 27,980 New 1,094,238
LIBERTY PPTY TR SH BEN INT 24,996 6,265 33.45 698,200
CAMPUS CREST CMNTYS INC COM 23,923 -539 (2.2) 3,993,831
DIGITAL RLTY TR INC COM 22,020 19,836 908.15 330,037
EPR PPTYS CONV PFD 9% SR E 21,642 New 644,101
TRADE STR RESIDENTIAL INC COM NEW 20,104 -146 (0.72) 2,757,693
AMERICAN RESIDENTIAL PPTYS INC COM 19,908 17,686 796.00 1,050,000