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Institutional Investment Manager
Forward Management, LLC
Forward Management, LLC (CIK: 0001385864) incorporated in Delaware, located at 244 California Street, San Francisco, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Original 13F HR (0001085146-14-001000) filed in 2014.05.08
#
Name
Shares
Value ($)
%
Options
Notes
1 SPDR S&P 500 ETF TR 2,141,876 400,594 22.99%
2 SPDR SERIES TRUST 3,876,379 177,422 10.18%
3 STAG INDL INC 2,195,000 52,900 3.04%
4 DIGITAL RLTY TR INC 937,886 49,783 2.86%
5 CAMPUS CREST CMNTYS INC 4,481,313 38,897 2.23%
6 TAUBMAN CTRS INC 457,495 32,386 1.86%
7 MACK-CALI REALTY CORP COM 1,477,700 30,721 1.76%
8 CHATHAM LODGING TR COM 1,400,000 28,308 1.62%
9 FELCOR LODGING TR INC PFD CV A $1.95 1,132,888 28,163 1.62%
10 SUMMIT HOTEL PPTYS 2,977,201 27,629 1.59%
11 LXP INDUSTRIAL TRUST COM 2,485,600 27,118 1.56%
12 HEALTHCARE RLTY TR 1,100,000 26,565 1.52%
13 ASSOCIATED ESTATES 1,508,516 25,554 1.47%
14 SABRA HEALTH CARE REIT INC 850,000 23,707 1.36%
15 TRADE STREET RESIDENTIAL INC 2,713,660 20,569 1.18%
16 FRANKLIN STREET PPTY CP 1,599,000 20,147 1.16%
17 EPR PPTYS 644,101 19,774 1.13%
18 SUNSTONE HOTEL INVS INC NEW 727,592 18,772 1.08%
19 ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 683,000 18,380 1.05%
20 W P CAREY INC 302,112 18,148 1.04%
21 EXCEL TR INC 1,420,898 18,016 1.03%
22 AMREIT INC NEW 1,023,639 16,963 0.97%
23 SYNGENTA AG 218,157 16,525 0.95%
24 UMH PPTYS INC 630,000 16,311 0.94%
25 VANGUARD SCOTTSDALE FDS 253,600 15,434 0.89%
26 RAMCO-GERSHENSON PPTYS TR 245,700 14,803 0.85%
27 LEXINGTON REALTY TRUST 303,428 14,231 0.82%
28 SPIRIT RLTY CAP INC NEW 1,269,048 13,934 0.80%
29 WINTHROP RLTY TR 1,198,237 13,888 0.80%
30 SIMON PPTY GROUP INC NEW 80,693 13,234 0.76%
31 RETAIL OPPORTUNITY INVTS COR 875,000 13,073 0.75%
32 ARMADA HOFFLER PPTYS INC 1,191,900 11,967 0.69%
33 AVALONBAY COMM 87,664 11,511 0.66%
34 WPP PLC NEW 107,799 11,110 0.64%
35 AMERICAN HOMES 4 RENT CL A 629,000 10,511 0.60%
36 EQUITY RESIDENTIAL 179,800 10,427 0.60%
37 CHINA YUCHAI INTL LTD 451,548 9,343 0.54%
38 CREDICORP LTD 65,225 9,016 0.52%
39 BANCO SANTANDER SA 937,231 8,978 0.52%
40 First Potomac Realty Trust 644,197 8,323 0.48%
41 PUBLIC STORAGE 47,268 7,964 0.46%
42 NOVARTIS A G 93,448 7,946 0.46%
43 ARES COML REAL ESTATE CORP COM 590,700 7,922 0.45%
44 VANGUARD SCOTTSDALE FDS 95,750 7,658 0.44%
45 ROYAL DUTCH SHELL PLC 96,744 7,069 0.41%
46 PROLOGIS INC 169,752 6,931 0.40%
47 HSBC HLDGS PLC 134,541 6,839 0.39%
48 VENTAS INC 109,276 6,619 0.38%
49 SL GREEN RLTY CORP 65,469 6,588 0.38%
50 ENSCO PLC 116,986 6,298 0.36%
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