0001085146-12-000102.txt : 20120201
0001085146-12-000102.hdr.sgml : 20120201
20120131180138
ACCESSION NUMBER: 0001085146-12-000102
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120201
DATE AS OF CHANGE: 20120131
EFFECTIVENESS DATE: 20120201
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Forward Management, LLC
CENTRAL INDEX KEY: 0001385864
IRS NUMBER: 943310130
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-12088
FILM NUMBER: 12560382
BUSINESS ADDRESS:
STREET 1: 101 CALIFORNIA STREET, 16TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
BUSINESS PHONE: 415-869-6300
MAIL ADDRESS:
STREET 1: 101 CALIFORNIA STREET, 16TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
13F-HR
1
forward4q2011.txt
FORWARD MANAGEMENT, LLC
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Forward Management, LLC
Address: 101 California Street
Suite 1600
San Francisco, CA 94111
13F File Number: 028-12088
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert S. Naka
Title: Senior Vice President, Operations
Phone: (415) 869-6000
Signature, Place, and Date of Signing:
/s/ Robert S. Naka San Francisco, CA January 31, 2012
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
028-06435 Broadmark Asset Management LLC
028-05618 Emerald Advisers Inc.
028-11664 Pictet Asset Management Limited
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 380
Form 13F Information Table Value Total: $892,687 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM 88579Y101 1417 17325 SH SOLE 17325 0 0
ACACIA RESH CORP ACACIA TCH COM 003881307 1 40 SH SOLE 40 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 311 15400 SH SOLE 15400 0 0
ACTUANT CORP CL A NEW 00508X203 6 250 SH SOLE 250 0 0
ADVISORY BRD CO COM 00762W107 383 5172 SH SOLE 5172 0 0
AECOM TECHNOLOGY CORP DELAWA COM 00766T100 874 42500 SH SOLE 42500 0 0
AES CORP COM 00130H105 1184 100000 SH SOLE 100000 0 0
AGL RES INC COM 001204106 7 167 SH SOLE 167 0 0
AGRIUM INC COM 008916108 7 110 SH SOLE 110 0 0
AK STL HLDG CORP COM 001547108 1 75 SH SOLE 75 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 3 105 SH SOLE 105 0 0
ALBEMARLE CORP COM 012653101 260 5063 SH SOLE 5063 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1142 16550 SH SOLE 16550 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM 02082E106 2 450 SH SOLE 450 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SBI 021060108 2 480 SH SOLE 480 0 0
ALTERA CORP COM 021441100 8 215 SH SOLE 215 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 14 270 SH SOLE 270 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 474 11300 SH SOLE 11300 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 189 18132 SH SOLE 18132 0 0
AMERICAN EXPRESS CO COM 025816109 546 11571 SH SOLE 11571 0 0
AMERICAN STS WTR CO COM 029899101 5 150 SH SOLE 150 0 0
AMERICAN TOWER CORP CL A 029912201 1094 18225 SH SOLE 18225 0 0
ANADARKO PETE CORP COM 032511107 9 120 SH SOLE 120 0 0
ANGIES LIST INC COM 034754101 1 85 SH SOLE 85 0 0
ANIXTER INTL INC COM 035290105 221 3712 SH SOLE 3712 0 0
APOLLO GROUP INC CL A 037604105 11 200 SH SOLE 200 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 752 26297 SH SOLE 26297 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 9 325 SH SOLE 325 0 0
ASHFORD HOSPITALITY TR INC CV PFD SER E 044103505 15511 637000 SH SOLE 637000 0 0
AT&T INC COM 00206R102 1365 45125 SH SOLE 45125 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 923 17095 SH SOLE 17095 0 0
AUTOZONE INC COM 053332102 16 50 SH SOLE 50 0 0
AVALONBAY CMNTYS INC COM 053484101 1672 12800 SH SOLE 12800 0 0
B & G FOODS INC NEW COM 05508R106 5 195 SH SOLE 195 0 0
BANCO MACRO SA SPON ADR B 05961W105 575 29494 SH SOLE 29494 0 0
BARD C R INC COM 067383109 9 100 SH SOLE 100 0 0
BARRICK GOLD CORP COM 067901108 5 110 SH SOLE 110 0 0
BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 187 38451 SH SOLE 38451 0 0
BECTON DICKINSON & CO COM 075887109 924 12372 SH SOLE 12372 0 0
BEMIS INC COM 081437105 830 27553 SH SOLE 27553 0 0
BHP BILLITON PLC SPONSORED ADR 05545E209 11 190 SH SOLE 190 0 0
BLACKROCK INC COM 09247X101 762 4268 SH SOLE 4268 0 0
BOEING CO COM 097023105 9 125 SH SOLE 125 0 0
BOSTON PROPERTIES INC COM 101121101 4287 43045 SH SOLE 43045 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 245 25800 SH SOLE 25800 0 0
BRE PROPERTIES INC CL A 05564E106 232 4600 SH SOLE 4600 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 222 9818 SH SOLE 9818 0 0
BROADSOFT INC COM 11133B409 6 200 SH SOLE 200 0 0
C&J ENERGY SVCS INC COM 12467B304 8 400 SH SOLE 400 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 5 300 SH SOLE 300 0 0
CAMDEN PPTY TR SH BEN INT 133131102 1521 24433 SH SOLE 24433 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 8 160 SH SOLE 160 0 0
CAPSTEAD MTG CORP PFD B CV $1.26 14067E308 282 19499 SH SOLE 19499 0 0
CARBO CERAMICS INC COM 140781105 7 55 SH SOLE 55 0 0
CARDINAL HEALTH INC COM 14149Y108 1513 37261 SH SOLE 37261 0 0
CARTER INC COM 146229109 10 250 SH SOLE 250 0 0
CASH AMER INTL INC COM 14754D100 214 4585 SH SOLE 4585 0 0
CERNER CORP COM 156782104 61 1000 SH SOLE 1000 0 0
CF INDS HLDGS INC COM 125269100 1740 12000 SH SOLE 12000 0 0
CHATHAM LODGING TR COM 16208T102 9945 922507 SH SOLE 922507 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 907 58700 SH SOLE 58700 0 0
CHEVRON CORP NEW COM 166764100 2385 22423 SH SOLE 22423 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 699 18500 SH SOLE 18500 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 48 1000 SH SOLE 1000 0 0
CHINA YUCHAI INTL LTD COM G21082105 339 24551 SH SOLE 24551 0 0
CHUBB CORP COM 171232101 3 45 SH SOLE 45 0 0
CIENA CORP COM NEW 171779309 4 300 SH SOLE 300 0 0
CIRRUS LOGIC INC COM 172755100 6 390 SH SOLE 390 0 0
CITIGROUP INC COM NEW 172967424 7 250 SH SOLE 250 0 0
CITY NATL CORP COM 178566105 210 4750 SH SOLE 4750 0 0
CITY TELECOM H K LTD SPONSORED ADR 178677209 855 81374 SH SOLE 81374 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 4 70 SH SOLE 70 0 0
CME GROUP INC COM 12572Q105 1087 4460 SH SOLE 4460 0 0
COACH INC COM 189754104 9 150 SH SOLE 150 0 0
COCA COLA CO COM 191216100 911 13029 SH SOLE 13029 0 0
COEUR D ALENE MINES CORP IDA COM NEW 192108504 9 385 SH SOLE 385 0 0
COGNEX CORP COM 192422103 6 160 SH SOLE 160 0 0
COLFAX CORP COM 194014106 4 145 SH SOLE 145 0 0
COMCAST CORP NEW CL A 20030N101 1316 55525 SH SOLE 55525 0 0
COMMERCIAL VEH GROUP INC COM 202608105 4 460 SH SOLE 460 0 0
COMMONWEALTH REIT 6.50% PFD CUM CO 203233408 14032 691555 SH SOLE 691555 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 20331 1221800 SH SOLE 1221800 0 0
COMMONWEALTH REIT CV PFD-E 7.25% 203233606 6245 255000 SH SOLE 255000 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 76 2100 SH SOLE 2100 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 3113 175000 SH SOLE 175000 0 0
CONOCOPHILLIPS COM 20825C104 1863 25555 SH SOLE 25555 0 0
CONTINENTAL RESOURCES INC COM 212015101 8 120 SH SOLE 120 0 0
CORPBANCA SPONSORED ADR 21987A209 54 2700 SH SOLE 2700 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2126 100004 SH SOLE 100004 0 0
COUSINS PPTYS INC COM 222795106 569 88800 SH SOLE 88800 0 0
CROWN CASTLE INTL CORP COM 228227104 9 190 SH SOLE 190 0 0
CUMMINS INC COM 231021106 8 95 SH SOLE 95 0 0
DANA HLDG CORP COM 235825205 4 330 SH SOLE 330 0 0
DANAHER CORP DEL COM 235851102 94 2000 SH SOLE 2000 0 0
DARDEN RESTAURANTS INC COM 237194105 9 200 SH SOLE 200 0 0
DEVON ENERGY CORP NEW COM 25179M103 7 105 SH SOLE 105 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1414 146700 SH SOLE 146700 0 0
DIGITAL RLTY TR INC COM 253868103 2483 37250 SH SOLE 37250 0 0
DIREXION SHS ETF TR DLY R/E BULL3X 25459W755 645 12500 SH SOLE 12500 0 0
DOMINOS PIZZA INC COM 25754A201 3 100 SH SOLE 100 0 0
DOUGLAS EMMETT INC COM 25960P109 557 30500 SH SOLE 30500 0 0
E M C CORP MASS COM 268648102 129 6000 SH SOLE 6000 0 0
EATON CORP COM 278058102 1612 37045 SH SOLE 37045 0 0
ELECTRONIC ARTS INC COM 285512109 52 2500 SH SOLE 2500 0 0
ELIZABETH ARDEN INC COM 28660G106 7 200 SH SOLE 200 0 0
EMAGIN CORP COM NEW 29076N206 60 16040 SH SOLE 16040 0 0
EMERSON ELEC CO COM 291011104 1261 27054 SH SOLE 27054 0 0
ENDOLOGIX INC COM 29266S106 7 600 SH SOLE 600 0 0
ENERSIS S A SPONSORED ADR 29274F104 793 45000 SH SOLE 45000 0 0
ENSCO PLC SPONSORED ADR 29358Q109 1877 40000 SH SOLE 40000 0 0
ENTERTAINMENT PPTYS TR CONV PFD 9% SR E 29380T600 18358 686801 SH SOLE 686801 0 0
ENTERTAINMENT PPTYS TR PFD C CNV 5.75% 29380T402 2378 123700 SH SOLE 123700 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 3461 60700 SH SOLE 60700 0 0
ESSEX PPTY TR INC COM 297178105 703 5000 SH SOLE 5000 0 0
EVERCORE PARTNERS INC CLASS A 29977A105 4 150 SH SOLE 150 0 0
EXCEL TR INC COM 30068C109 14927 1243908 SH SOLE 1243908 0 0
EXXON MOBIL CORP COM 30231G102 1165 13732 SH SOLE 13732 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1864 20535 SH SOLE 20535 0 0
FEI CO COM 30241L109 6 150 SH SOLE 150 0 0
FELCOR LODGING TR INC COM 31430F101 2246 736500 SH SOLE 736500 0 0
FELCOR LODGING TR INC PFD CV A $1.95 31430F200 27666 1245088 SH SOLE 1245088 0 0
FINISAR CORP COM NEW 31787A507 3 195 SH SOLE 195 0 0
FINISH LINE INC CL A 317923100 3 150 SH SOLE 150 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 1001 97800 SH SOLE 97800 0 0
FIRST POTOMAC RLTY TR COM 33610F109 268 20500 SH SOLE 20500 0 0
FIRSTENERGY CORP COM 337932107 7 152 SH SOLE 152 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 720 10327 SH SOLE 10327 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 86 8000 SH SOLE 8000 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 1446 122307 SH SOLE 122307 0 0
FOSSIL INC COM 349882100 4 45 SH SOLE 45 0 0
FOSTER WHEELER AG COM H27178104 144 7500 SH SOLE 7500 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 1291 35080 SH SOLE 35080 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 0 15 SH SOLE 15 0 0
FUSION-IO INC COM 36112J107 14 595 SH SOLE 595 0 0
FXCM INC COM CL A 302693106 201 20562 SH SOLE 20562 0 0
GARDNER DENVER INC COM 365558105 8 100 SH SOLE 100 0 0
GENERAL DYNAMICS CORP COM 369550108 903 13591 SH SOLE 13591 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 978 65076 SH SOLE 65076 0 0
GEORGIA GULF CORP COM PAR$0.01 NEW 373200302 2 100 SH SOLE 100 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 904 19810 SH SOLE 19810 0 0
GNC HLDGS INC COM CL A 36191G107 6 200 SH SOLE 200 0 0
GOLDEN STAR RES LTD CDA COM 38119T104 5 3075 SH SOLE 3075 0 0
GOOGLE INC CL A 38259P508 336 520 SH SOLE 520 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 902 40000 SH SOLE 40000 0 0
GRAINGER W W INC COM 384802104 7 40 SH SOLE 40 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 699 12500 SH SOLE 12500 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 400 67400 SH SOLE 67400 0 0
HAIN CELESTIAL GROUP INC COM 405217100 4 100 SH SOLE 100 0 0
HALLIBURTON CO COM 406216101 86 2500 SH SOLE 2500 0 0
HCP INC COM 40414L109 4491 108400 SH SOLE 108400 0 0
HEALTH CARE REIT INC COM 42217K106 2791 51200 SH SOLE 51200 0 0
HEALTH NET INC COM 42222G108 5 170 SH SOLE 170 0 0
HEALTHCARE RLTY TR COM 421946104 9946 535000 SH SOLE 535000 0 0
HEARTLAND PMT SYS INC COM 42235N108 2 100 SH SOLE 100 0 0
HECKMANN CORP COM 422680108 2 295 SH SOLE 295 0 0
HECLA MNG CO COM 422704106 3 615 SH SOLE 615 0 0
HEXCEL CORP NEW COM 428291108 6 250 SH SOLE 250 0 0
HHGREGG INC COM 42833L108 4 300 SH SOLE 300 0 0
HMS HLDGS CORP COM 40425J101 5 150 SH SOLE 150 0 0
HOME PROPERTIES INC COM 437306103 1186 20600 SH SOLE 20600 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3379 228773 SH SOLE 228773 0 0
HOUSTON WIRE & CABLE CO COM 44244K109 234 16910 SH SOLE 16910 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 414 10863 SH SOLE 10863 0 0
HUDSON PAC PPTYS INC COM 444097109 1282 90515 SH SOLE 90515 0 0
INTEL CORP COM 458140100 2249 92716 SH SOLE 92716 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1701 9256 SH SOLE 9256 0 0
INVENSENSE INC COM 46123D205 2 180 SH SOLE 180 0 0
INVESCO LTD SHS G491BT108 414 20577 SH SOLE 20577 0 0
ISHARES INC MSCI MALAYSIA 464286830 0 33 SH SOLE 33 0 0
ISHARES INC MSCI TURKEY FD 464286715 10 257 SH SOLE 257 0 0
ISHARES TR BARCLYS GOVT CR 464288596 83 725 SH SOLE 725 0 0
ISHARES TR BARCLYS INTER CR 464288638 10342 96497 SH SOLE 96497 0 0
ISHARES TR BARCLYS MBS BD 464288588 1395 12913 SH SOLE 12913 0 0
ISHARES TR RUSSELL 1000 464287622 60 865 SH SOLE 865 0 0
ISHARES TR RUSSELL 2000 464287655 30342 528684 SH SOLE 232448 0 3211
ISHARES TR S&P 500 INDEX 464287200 4 35 SH SOLE 35 0 0
ISHARES TR S&P NTL AMTFREE 464288414 29 265 SH SOLE 265 0 0
ISTAR FINL INC COM 45031U101 1082 204582 SH SOLE 204582 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 109 5850 SH SOLE 5850 0 0
JDA SOFTWARE GROUP INC COM 46612K108 2 50 SH SOLE 50 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 4 420 SH SOLE 420 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 209 13558 SH SOLE 13558 0 0
JOHNSON & JOHNSON COM 478160104 303 4616 SH SOLE 4616 0 0
JONES LANG LASALLE INC COM 48020Q107 319 5200 SH SOLE 5200 0 0
JOY GLOBAL INC COM 481165108 7 100 SH SOLE 100 0 0
JPMORGAN CHASE & CO COM 46625H100 470 14174 SH SOLE 14174 0 0
K V PHARMACEUTICAL CO CL A 482740206 7 4805 SH SOLE 4805 0 0
KENEXA CORP COM 488879107 8 295 SH SOLE 295 0 0
KEY ENERGY SVCS INC COM 492914106 6 405 SH SOLE 405 0 0
KEYNOTE SYS INC COM 493308100 8 395 SH SOLE 395 0 0
KILROY RLTY CORP COM 49427F108 1416 37200 SH SOLE 37200 0 0
KIMCO RLTY CORP COM 49446R109 1979 121900 SH SOLE 121900 0 0
KLA-TENCOR CORP COM 482480100 1119 23212 SH SOLE 23212 0 0
KODIAK OIL & GAS CORP COM 50015Q100 7 750 SH SOLE 750 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 947 39100 SH SOLE 39100 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 5 303 SH SOLE 303 0 0
LEXINGTON REALTY TRUST COM 529043101 271 36200 SH SOLE 36200 0 0
LEXINGTON REALTY TRUST PFD CONV SER C 529043309 14072 335118 SH SOLE 335118 0 0
LILLY ELI & CO COM 532457108 25 600 SH SOLE 600 0 0
LINCOLN EDL SVCS CORP COM 533535100 218 27527 SH SOLE 27527 0 0
LINEAR TECHNOLOGY CORP COM 535678106 45 1500 SH SOLE 1500 0 0
LITTELFUSE INC COM 537008104 201 4690 SH SOLE 4690 0 0
LIZ CLAIBORNE INC COM 539320101 3 395 SH SOLE 395 0 0
LOCKHEED MARTIN CORP COM 539830109 178 2200 SH SOLE 2200 0 0
MACERICH CO COM 554382101 1938 38300 SH SOLE 38300 0 0
MACK CALI RLTY CORP COM 554489104 923 34600 SH SOLE 34600 0 0
MAGMA DESIGN AUTOMATION COM 559181102 7 945 SH SOLE 945 0 0
MANHATTAN ASSOCS INC COM 562750109 4 100 SH SOLE 100 0 0
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 1319 90631 SH SOLE 90631 0 0
MARTIN MARIETTA MATLS INC COM 573284106 211 2796 SH SOLE 2796 0 0
MCCORMICK & CO INC COM NON VTG 579780206 467 9259 SH SOLE 9259 0 0
MCDERMOTT INTL INC COM 580037109 2014 175000 SH SOLE 175000 0 0
MCDONALDS CORP COM 580135101 2746 27373 SH SOLE 27373 0 0
MEADWESTVACO CORP COM 583334107 6 190 SH SOLE 190 0 0
MEDTRONIC INC COM 585055106 6 160 SH SOLE 160 0 0
MET PRO CORP COM 590876306 28 3151 SH SOLE 3151 0 0
METLIFE INC COM 59156R108 671 21494 SH SOLE 21494 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 22 800 SH SOLE 800 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 749 20430 SH SOLE 20430 0 0
MICROS SYS INC COM 594901100 332 7137 SH SOLE 7137 0 0
MICROSOFT CORP COM 594918104 1507 58042 SH SOLE 58042 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 531 126697 SH SOLE 126697 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 147 10000 SH SOLE 10000 0 0
MOLYCORP INC DEL COM 608753109 22 900 SH SOLE 900 0 0
MORGAN STANLEY COM NEW 617446448 45 3000 SH SOLE 3000 0 0
MOSAIC CO NEW COM 61945C103 7 140 SH SOLE 140 0 0
MSCI INC CL A 55354G100 125 3800 SH SOLE 3800 0 0
MYRIAD GENETICS INC COM 62855J104 6 295 SH SOLE 295 0 0
NATIONAL BEVERAGE CORP COM 635017106 3 200 SH SOLE 200 0 0
NATIONAL OILWELL VARCO INC COM 637071101 578 8500 SH SOLE 8500 0 0
NEENAH PAPER INC COM 640079109 255 11410 SH SOLE 11410 0 0
NETSUITE INC COM 64118Q107 4 100 SH SOLE 100 0 0
NEW JERSEY RES COM 646025106 10 213 SH SOLE 213 0 0
NEWMONT MINING CORP COM 651639106 5 90 SH SOLE 90 0 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 41 1600 SH SOLE 1600 0 0
NORDSON CORP COM 655663102 304 7393 SH SOLE 7393 0 0
NORDSTROM INC COM 655664100 4 75 SH SOLE 75 0 0
NORFOLK SOUTHERN CORP COM 655844108 1207 16560 SH SOLE 16560 0 0
NORTHWEST PIPE CO COM 667746101 2 100 SH SOLE 100 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1012 17710 SH SOLE 17710 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 9 360 SH SOLE 360 0 0
NYSE EURONEXT COM 629491101 1678 64285 SH SOLE 64285 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 7 85 SH SOLE 85 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 8 90 SH SOLE 90 0 0
OIL STS INTL INC COM 678026105 344 4500 SH SOLE 4500 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 5956 307800 SH SOLE 307800 0 0
OMNICOM GROUP INC COM 681919106 533 11971 SH SOLE 11971 0 0
OPKO HEALTH INC COM 68375N103 2 505 SH SOLE 505 0 0
ORACLE CORP COM 68389X105 13 515 SH SOLE 515 0 0
OWENS & MINOR INC NEW COM 690732102 6 225 SH SOLE 225 0 0
OXFORD INDS INC COM 691497309 9 200 SH SOLE 200 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 444 14437 SH SOLE 14437 0 0
PAPA JOHNS INTL INC COM 698813102 6 150 SH SOLE 150 0 0
PATRIOT COAL CORP COM 70336T104 1 70 SH SOLE 70 0 0
PEPSICO INC COM 713448108 11 165 SH SOLE 165 0 0
PETROBRAS ARGENTINA S A SPONS ADR 71646J109 394 31190 SH SOLE 31190 0 0
PFIZER INC COM 717081103 2089 96506 SH SOLE 96506 0 0
PIONEER NAT RES CO COM 723787107 5 55 SH SOLE 55 0 0
PRAXAIR INC COM 74005P104 107 1000 SH SOLE 1000 0 0
PROCTER & GAMBLE CO COM 742718109 1062 15921 SH SOLE 15921 0 0
PROLOGIS INC COM 74340W103 3847 134552 SH SOLE 134552 0 0
PROSHARES TR REAL EST NEW 11 74348A871 790 21500 SH SOLE 21500 0 0
PROSHARES TR ULT R/EST NEW 74347X625 15147 297000 SH SOLE 297000 0 0
PUBLIC STORAGE COM 74460D109 3548 26380 SH SOLE 26380 0 0
QLIK TECHNOLOGIES INC COM 74733T105 12 500 SH SOLE 500 0 0
QUALCOMM INC COM 747525103 2119 38760 SH SOLE 38760 0 0
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 5 130 SH SOLE 130 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 318 66962 SH SOLE 66962 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 4768 485000 SH SOLE 485000 0 0
RAMCO-GERSHENSON PPTYS TR PERP PFD-D CV 751452608 8478 200000 SH SOLE 200000 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 216 6957 SH SOLE 6957 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 803 16500 SH SOLE 16500 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 986 83300 SH SOLE 83300 0 0
REX ENERGY CORPORATION COM 761565100 4 300 SH SOLE 300 0 0
RIVERBED TECHNOLOGY INC COM 768573107 6 235 SH SOLE 235 0 0
RLJ LODGING TR COM 74965L101 10098 600000 SH SOLE 600000 0 0
ROBERT HALF INTL INC COM 770323103 230 8089 SH SOLE 8089 0 0
ROCKWELL COLLINS INC COM 774341101 8 145 SH SOLE 145 0 0
ROSETTA RESOURCES INC COM 777779307 7 150 SH SOLE 150 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2326 31795 SH SOLE 31795 0 0
RTI INTL METALS INC COM 74973W107 8 365 SH SOLE 365 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 21189 1752579 SH SOLE 1752579 0 0
SAKS INC COM 79377W108 4 395 SH SOLE 395 0 0
SALIX PHARMACEUTICALS INC COM 795435106 5 100 SH SOLE 100 0 0
SANOFI SPONSORED ADR 80105N105 273 7476 SH SOLE 7476 0 0
SBA COMMUNICATIONS CORP COM 78388J106 687 16000 SH SOLE 16000 0 0
SCHLUMBERGER LTD COM 806857108 143 2100 SH SOLE 2100 0 0
SCHNITZER STL INDS CL A 806882106 719 17000 SH SOLE 17000 0 0
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