0001085146-16-002946.txt : 20160211 0001085146-16-002946.hdr.sgml : 20160211 20160210201824 ACCESSION NUMBER: 0001085146-16-002946 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160211 DATE AS OF CHANGE: 20160210 EFFECTIVENESS DATE: 20160211 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: 161407588 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 primary_doc.xml 13F-HR LIVE false true false 0001385864 XXXXXXXX 12-31-2015 12-31-2015 Forward Management, LLC

101 CALIFORNIA STREET, 16TH FLOOR SAN FRANCISCO CA 94111

13F COMBINATION REPORT 028-12088 0001095952 028-06435 BROADMARK ASSET MANAGEMENT LLC 0001291274 028-11664 PICTET ASSET MANAGEMENT LTD N Robert S. Naka 415 869-6300 /s/ Robert S. Naka San Francisco CA 02-10-2016 0 260 1180703 false INFORMATION TABLE 2 form13fInfoTable.xml DESCRIPTION FOR INFORMATION TABLE 3M COCOM88579Y101216514367SHSOLE 1436700ALEXANDER & BALDWIN INC NEWCOM014491104130336890SHSOLE 3689000ALEXANDRIA REAL ESTATE EQ INCOM0152711096737450SHSOLE 745000ALEXANDRIA REAL ESTATE EQ INPFD CONV SER D0152715052826102798SHSOLE 10279800AMBEV SASPONSORED ADR02319V10350741137553SHSOLE 113755300AMERICAN ASSETS TR INCCOM0240131044146108098SHSOLE 10809800AMERICAN CAMPUS CMNTYS INCCOM024835100149336122SHSOLE 3612200AMERICAN EXPRESS COCOM02581610972510424SHSOLE 1042400AMERICAN HOMES 4 RENTCL A02665T3069729584000SHSOLE 58400000AMERICAN RESIDENTIAL PPTYS ICOM02927E303219241160000SHSOLE 116000000AMERICAN TOWER CORP NEWCOM03027X100151815662SHSOLE 1566200AMERICAN WTR WKS CO INC NEWCOM030420103154225800SHSOLE 2580000AMERIGAS PARTNERS L PUNIT L P INT03097510695927990SHSOLE 2799000ANADARKO PETE CORPCOM03251110776415720SHSOLE 1572000APPLE INCCOM0378331002842700SHSOLE 270000ARBOR RLTY TR INCCOM03892310866092316SHSOLE 9231600ARES COML REAL ESTATE CORPCOM04013V1084462390000SHSOLE 39000000ARMADA HOFFLER PPTYS INCCOM04208T1081725164557SHSOLE 16455700ARTISAN PARTNERS ASSET MGMTCL A04316A10811300SHSOLE 30000ASHFORD HOSPITALITY PRIME INCOM04410210150835000SHSOLE 3500000ASHFORD HOSPITALITY TR INC9% CUM PFD SER E04410350510206402587SHSOLE 40258700AUTOMATIC DATA PROCESSING INCOM05301510384910018SHSOLE 1001800AVALONBAY CMNTYS INCCOM053484101524428480SHSOLE 2848000BANKUNITED INCCOM06652K10348013304SHSOLE 1330400BECTON DICKINSON & COCOM07588710910346711SHSOLE 671100BELMOND LTDCL AG1154H10757060000SHSOLE 6000000BIOMED REALTY TRUST INCCOM09063H10793839622SHSOLE 3962200BLACK KNIGHT FINL SVCS INCCL A09214X10041912665SHSOLE 1266500BLACKROCK INCCOM09247X10115464541SHSOLE 454100BLACKSTONE GROUP L PCOM UNIT LTD09253U10836312400SHSOLE 1240000BOSTON PROPERTIES INCCOM101121101480137645SHSOLE 3764500BRANDYWINE RLTY TRSH BEN INT NEW10536820370351500SHSOLE 5150000BRIXMOR PPTY GROUP INCCOM11120U105214182935SHSOLE 8293500BROADRIDGE FINL SOLUTIONS INCOM11133T10381515156SHSOLE 1515600BT GROUP PLCADR05577E101231966986SHSOLE 6698600CADIZ INCCOM NEW12753720730858596SHSOLE 5859600CALIFORNIA WTR SVC GROUPCOM13078810265528139SHSOLE 2813900CAMPUS CREST CMNTYS INCCOM13466Y105111371637764SHSOLE 163776400CANADIAN SOLAR INCCOM136635109123842735SHSOLE 4273500CARDINAL HEALTH INCCOM14149Y108229525715SHSOLE 2571500CARE CAP PPTYS INCCOM14162410638112482SHSOLE 1248200CASEYS GEN STORES INCCOM147528103128810690SHSOLE 1069000CATALENT INCCOM14880610240716245SHSOLE 1624500CBOE HLDGS INCCOM12503M10881112491SHSOLE 1249100CDK GLOBAL INCCOM12508E1011372893SHSOLE 289300CECO ENVIRONMENTAL CORPCOM125141101263416SHSOLE 341600CEDAR REALTY TRUST INCCOM NEW15060220942560000SHSOLE 6000000CHATHAM LODGING TRCOM16208T102384081875400SHSOLE 187540000CHEVRON CORP NEWCOM166764100136415174SHSOLE 1517400CHINA YUCHAI INTL LTDCOMG210821056437572598SHSOLE 57259800CME GROUP INCCOM12572Q105141115569SHSOLE 1556900COCA COLA COCOM1912161004104SHSOLE 10400COHEN & STEERS INCCOM19247A10043714350SHSOLE 1435000COLONY CAP INCCL A19624R106214281100000SHSOLE 110000000COLONY CAP INCCONV PFD-C19624R4038764400000SHSOLE 40000000COMCAST CORP NEWCL A20030N101276949034SHSOLE 4903400CONOCOPHILLIPSCOM20825C10492919888SHSOLE 1988800COOPER COS INCCOM NEW2166484026875118SHSOLE 511800CORE LABORATORIES N VCOMN227171077356750SHSOLE 675000CORENERGY INFRASTRUCTURE TRCOM NEW21870U502120981487SHSOLE 8148700CORENERGY INFRASTRUCTURE TRDEP SHS REPSTG21870U3047284400000SHSOLE 40000000CORENERGY INFRASTRUCTURE TRNOTE 7.000% 6/121870UAA41067514000000SHSOLE 1400000000CORESITE RLTY CORPCOM21870Q10596517000SHSOLE 1700000CORPORATE OFFICE PPTYS TRSH BEN INT22002T10894543282SHSOLE 4328200COUSINS PPTYS INCCOM22279510664668500SHSOLE 6850000CREDICORP LTDCOMG2519Y108264327158SHSOLE 2715800CROWN CASTLE INTL CORP NEWCOM22822V101153017700SHSOLE 1770000DDR CORPCOM23317H10236521700SHSOLE 2170000DIAMONDROCK HOSPITALITY COCOM25278430128829817SHSOLE 2981700DIGITAL RLTY TR INCCOM2538681033464575SHSOLE 457500DST SYS INC DELCOM2333261079778566SHSOLE 856600EASTGROUP PPTY INCCOM2772761013736700SHSOLE 670000EASTMAN CHEM COCOM27743210078811681SHSOLE 1168100EATON CORP PLCSHSG291831034358354SHSOLE 835400EMERSON ELEC COCOM29101110488718557SHSOLE 1855700ENSTAR GROUP LIMITEDSHSG3075P1016784516SHSOLE 451600EPR PPTYSCONV PFD 9% SR E26884U30719838644101SHSOLE 64410100EPR PPTYSPFD C CNV 5.75%26884U2085969248700SHSOLE 24870000EQUITY ONECOM294752100119243897SHSOLE 4389700EQUITY RESIDENTIALSH BEN INT29476L107408950117SHSOLE 5011700EVERCORE PARTNERS INCCLASS A29977A10568412665SHSOLE 1266500EXPONENT INCCOM30214U10288417691SHSOLE 1769100EXTRA SPACE STORAGE INCCOM30225T1022893272SHSOLE 327200EXXON MOBIL CORPCOM30231G10232423SHSOLE 42300FARMLAND PARTNERS INCCOM31154R1091646150000SHSOLE 15000000FBR & COCOM NEW30247C40024012084SHSOLE 1208400FCB FINL HLDGS INCCL A30255G10380422430SHSOLE 2243000FEDERAL REALTY INVT TRSH BEN INT NEW313747206162711135SHSOLE 1113500FELCOR LODGING TR INCCOM31430F101951130339SHSOLE 13033900FELCOR LODGING TR INCPFD CV A $1.9531430F200275201094238SHSOLE 109423800FIFTH THIRD BANCORPCOM31677310045722739SHSOLE 2273900FIRST POTOMAC RLTY TRCOM33610F10957750607SHSOLE 5060700FOMENTO ECONOMICO MEXICANO SSPON ADR UNITS344419106507254919SHSOLE 5491900FOREST CITY ENTERPRISES INCCL A34555010775934600SHSOLE 3460000FRANKLIN STREET PPTYS CORPCOM35471R106374063614100SHSOLE 361410000GENERAL DYNAMICS CORPCOM36955010812318962SHSOLE 896200GENERAL GROWTH PPTYS INC NEWCOM370023103226783300SHSOLE 8330000GENESIS HEALTHCARE INCCL A COM37185X1061685485756SHSOLE 48575600GENTHERM INCCOM37253A10379616800SHSOLE 1680000GLOBAL X FDSMSCI PAKISTAN37950E68957035940SHSOLE 3594000GRANITE REAL ESTATE INVT TRUNIT 99/99/999938743711440114600SHSOLE 1460000GREEN BANCORP INCCOM39260X10057354680SHSOLE 5468000GREENHUNTER RES INCCOM39530A1042542416697SHSOLE 241669700HCP INCCOM40414L109161842293SHSOLE 4229300HENRY JACK & ASSOC INCCOM4262811014746075SHSOLE 607500HMS HLDGS CORPCOM40425J1012180SHSOLE 18000HOEGH LNG PARTNERS LPCOM UNIT LTDY3262R10078442100SHSOLE 4210000HOST HOTELS & RESORTS INCCOM44107P1042949192232SHSOLE 19223200HOWARD HUGHES CORPCOM44267D1073172800SHSOLE 280000HSBC HLDGS PLCSPON ADR NEW4042804066398162096SHSOLE 16209600HUDSON PAC PPTYS INCCOM44409710949317546SHSOLE 1754600INDEPENDENCE RLTY TR INCCOM45378A1061159154333SHSOLE 15433300INGREDION INCCOM457187102555SHSOLE 5500INVESCO LTDSHSG491BT10858617498SHSOLE 1749800INVESTORS REAL ESTATE TRSH BEN INT46173010365894634SHSOLE 9463400ISHARESMSCI TAIWAN ETF46428673183659690SHSOLE 5969000ISHARESMSCI TURKEY ETF4642867159250SHSOLE 25000ISHARES TRCORE MSCITOTAL46432F8344438962SHSOLE 896200ISHARES TRCORE S&P SCP ETF4642878044874422SHSOLE 442200ISHARES TREUROPE ETF46428786111275SHSOLE 27500ISHARES TRGOV/CRED BD ETF46428859681725SHSOLE 72500ISHARES TRINTERM CR BD ETF464288638332430985SHSOLE 3098500ISHARES TRMBS ETF464288588108110036SHSOLE 1003600ISHARES TRMSCI ACWI ETF46428825728505SHSOLE 50500ISHARES TRMSCI ACWI EX US4642882406495147610SHSOLE 14761000ISHARES TRRUSSELL 2000 ETF46428765545461403671SHSOLE 1850660218605ISHARES TRRUSSELL 3000 ETF464287689185715435SHSOLE 1543500ISHARES TRSELECT DIVID ETF4642871682202930SHSOLE 293000JOHN BEAN TECHNOLOGIES CORPCOM477839104134827071SHSOLE 2707100JOHNSON & JOHNSONCOM478160104156415229SHSOLE 1522900JPMORGAN CHASE & COCOM46625H100215232576SHSOLE 3257600KIMCO RLTY CORPCOM49446R109129148800SHSOLE 4880000KITE RLTY GROUP TRCOM NEW49803T3003724143600SHSOLE 14360000KLA-TENCOR CORPCOM482480100169524432SHSOLE 2443200LEXINGTON REALTY TRUSTCOM5290431012163270390SHSOLE 27039000LEXINGTON REALTY TRUSTPFD CONV SER C52904330914413303428SHSOLE 30342800LIBERTY PPTY TRSH BEN INT531172104184559400SHSOLE 5940000LITTELFUSE INCCOM537008104124311621SHSOLE 1162100LLOYDS BANKING GROUP PLCSPONSORED ADR5394391094212966059SHSOLE 96605900MACERICH COCOM554382101108913500SHSOLE 1350000MACK CALI RLTY CORPCOM554489104113548600SHSOLE 4860000MACQUARIE INFRASTRUCTURE CORCOM55608B105134918580SHSOLE 1858000MARINE HARVEST ASASPONSORED ADR56824R2056024456950SHSOLE 45695000MARKET VECTORS ETF TRVIETNAM ETF57060U7614504282781SHSOLE 28278100MCDONALDS CORPCOM58013510117137SHSOLE 13700MEAD JOHNSON NUTRITION COCOM5828391063554500SHSOLE 450000METLIFE INCCOM59156R10862312928SHSOLE 1292800MICROCHIP TECHNOLOGY INCCOM59501710475316190SHSOLE 1619000MICROSOFT CORPCOM594918104208537596SHSOLE 3759600MITSUBISHI UFJ FINL GROUP INSPONSORED ADR6068221044399707184SHSOLE 70718400MOBILE TELESYSTEMS PJSCSPONSORED ADR607409109952154100SHSOLE 15410000MONMOUTH REAL ESTATE INVT COCL A609720107129701240000SHSOLE 124000000MONRO MUFFLER BRAKE INCCOM6102361014576905SHSOLE 690500NATIONAL HEALTH INVS INCCOM63633D1043024969SHSOLE 496900NATIONAL STORAGE AFFILIATESCOM SHS BEN IN637870106347072026100SHSOLE 202610000NEENAH PAPER INCCOM640079109122419595SHSOLE 1959500NEW JERSEY RESCOM64602510614426SHSOLE 42600NEW SR INVT GROUP INCCOM64869110348148800SHSOLE 4880000NEW YORK REIT INCCOM64976L1091210105200SHSOLE 10520000NORDIC AMERICAN TANKERS LIMICOMG6577310683954000SHSOLE 5400000NORDSON CORPCOM6556631025288231SHSOLE 823100NORDSTROM INCCOM6556641003246500SHSOLE 650000NORFOLK SOUTHERN CORPCOM65584410899811799SHSOLE 1179900NORTHSTAR REALTY EUROPE CORPCOM66706L10112010149SHSOLE 1014900NORTHSTAR RLTY FIN CORPCOM66704R80351930450SHSOLE 3045000NOVARTIS A GSPONSORED ADR66987V109645975070SHSOLE 7507000OMNICOM GROUP INCCOM6819191063805028SHSOLE 502800OWENS CORNING NEWCOM69074210167914459SHSOLE 1445900PARAMOUNT GROUP INCCOM69924R10873140400SHSOLE 4040000PARKWAY PPTYS INCCOM70159Q1041624103901SHSOLE 10390100PEAK RESORTS INCCOM70469L10077981297571SHSOLE 129757100PEPSICO INCCOM713448108100510055SHSOLE 1005500PERFORMANCE SPORTS GROUP LTDCOM71377G10030731890SHSOLE 3189000PFIZER INCCOM717081103260180575SHSOLE 8057500PHILLIPS 66COM718546104128315675SHSOLE 1567500PIMCO ETF TRENHAN SHRT MA AC72201R83315150SHSOLE 15000POOL CORPORATIONCOM73278L105119614812SHSOLE 1481200POST PPTYS INCCOM7374641072965000SHSOLE 500000POWERSHARES QQQ TRUSTUNIT SER 173935A10445293404896SHSOLE 1837730221123PRA HEALTH SCIENCES INCCOM69354M10886319044SHSOLE 1904400PROCTER & GAMBLE COCOM7427181097449374SHSOLE 937400PROLOGIS INCCOM74340W1035533128912SHSOLE 12891200PROSHARES TR IIULTRASHRT EURO74347W88262524500SHSOLE 2450000PUBLIC STORAGECOM74460D109368514878SHSOLE 1487800QTS RLTY TR INCCOM CL A74736A1032615783SHSOLE 578300QUALCOMM INCCOM747525103171534298SHSOLE 3429800RAIT FINANCIAL TRUSTCOM NEW749227609426157822SHSOLE 15782200RAMCO-GERSHENSON PPTYS TRPERP PFD-D CV75145260815025245700SHSOLE 24570000RAYMOND JAMES FINANCIAL INCCOM75473010912205SHSOLE 20500RESTORATION HARDWARE HLDGS ICOM76128310018225SHSOLE 22500RETAIL OPPORTUNITY INVTS CORCOM76131N1016086340000SHSOLE 34000000RETAIL PPTYS AMER INCCL A76131V20281855400SHSOLE 5540000REXFORD INDL RLTY INCCOM76169C10075145930SHSOLE 4593000RITCHIE BROS AUCTIONEERSCOM76774410556223315SHSOLE 2331500RLJ LODGING TRCOM74965L10122310300SHSOLE 1030000RMR GROUP INCCL A74967R10626018066SHSOLE 1806600ROBERT HALF INTL INCCOM77032310371615180SHSOLE 1518000ROYAL DUTCH SHELL PLCSPONS ADR A78025920618378SHSOLE 37800SABRA HEALTH CARE REIT INCCOM78573L106480072372976SHSOLE 237297600SCHLUMBERGER LTDCOM806857108119417120SHSOLE 1712000SELECT INCOME REITCOM SH BEN INT81618T100198201000000SHSOLE 100000000SELECT SECTOR SPDR TRSBI CONS DISCR81369Y4072312959SHSOLE 295900SELECT SECTOR SPDR TRSBI CONS STPLS81369Y3082364681SHSOLE 468100SELECT SECTOR SPDR TRSBI HEALTHCARE81369Y2092423357SHSOLE 335700SELECT SECTOR SPDR TRTECHNOLOGY81369Y8032335447SHSOLE 544700SENIOR HSG PPTYS TRSH BEN INT81721M10949133066SHSOLE 3306600SHAW COMMUNICATIONS INCCL B CONV82028K2003133182267SHSOLE 18226700SILVERCREST ASSET MGMT GROUPCL A828359109103787237SHSOLE 8723700SIMON PPTY GROUP INC NEWCOM828806109762139193SHSOLE 3919300SL GREEN RLTY CORPCOM78440X101224519875SHSOLE 1987500SOUTH ST CORPCOM840441109102414237SHSOLE 1423700SOVRAN SELF STORAGE INCCOM84610H1085635247SHSOLE 524700SPDR S&P 500 ETF TRTR UNIT78462F103136249668311SHSOLE 3043640363947SPDR SERIES TRUSTBRCLYS 1-3MT ETF78464A6801181752587027SHSOLE 002587027STAG INDL INCCOM85254J102351671906100SHSOLE 190610000STANLEY BLACK & DECKER INCCOM8545021019699083SHSOLE 908300STARWOOD HOTELS&RESORTS WRLDCOM85590A401629790900SHSOLE 9090000SUMMIT HOTEL PPTYSCOM866082100138621160000SHSOLE 116000000SUN CMNTYS INCCOM866674104123418000SHSOLE 1800000SUN HYDRAULICS CORPCOM86694210560719118SHSOLE 1911800SUNCOR ENERGY INC NEWCOM8672241073370130596SHSOLE 13059600SUNSTONE HOTEL INVS INC NEWCOM8678921011473117900SHSOLE 11790000SUNSTONE HOTEL INVS INC NEWCV 8% CUM PFD-D86789250711692461592SHSOLE 46159200SYNGENTA AGSPONSORED ADR87160A100455SHSOLE 5500TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADR8740391006268275516SHSOLE 27551600TANGER FACTORY OUTLET CTRS ICOM87546510665420000SHSOLE 2000000TERRENO RLTY CORPCOM88146M10151322675SHSOLE 2267500TEXAS INSTRS INCCOM882508104133424339SHSOLE 2433900TIME INC NEWCOM887228104362329SHSOLE 232900TIME WARNER INCCOM NEW887317303119818524SHSOLE 1852400UBS GROUP AGSHSH420971076255322947SHSOLE 32294700UDR INCCOM9026531043168408SHSOLE 840800UMH PPTYS INCCV RED PFD-A90300220216204630000SHSOLE 63000000UMPQUA HLDGS CORPCOM9042141035330SHSOLE 33000UNILEVER PLCSPON ADR NEW9047677044911113870SHSOLE 11387000UNITED TECHNOLOGIES CORPCOM913017109122312725SHSOLE 1272500URSTADT BIDDLE PPTYS INCPFD-G CV 6.75%91728680911966450000SHSOLE 45000000US BANCORP DELCOM NEW90297330490121126SHSOLE 2112600US ECOLOGY INCCOM91732J10214386SHSOLE 38600VANGUARD SCOTTSDALE FDSMORTG-BACK SEC92206C77155110470SHSOLE 1047000VANGUARD SCOTTSDALE FDSSHRT TRM CORP BD92206C409377247750SHSOLE 4775000VANGUARD SCOTTSDALE FDSSHTRM GVT BD ETF92206C1027641125750SHSOLE 12575000VANTIV INCCL A92210H105107222610SHSOLE 2261000VARIAN MED SYS INCCOM92220P10590011143SHSOLE 1114300VENTAS INCCOM92276F100303253732SHSOLE 5373200VIRTU FINL INCCL A92825410144619731SHSOLE 1973100VISTEON CORPCOM NEW92839U2065735000SHSOLE 500000VORNADO RLTY TRSH BEN INT929042109377737784SHSOLE 3778400W P CAREY INCCOM92936U1095900100000SHSOLE 10000000WAL-MART STORES INCCOM93114210373812034SHSOLE 1203400WELLTOWER INCCOM95040Q104204130000SHSOLE 3000000WEX INCCOM96208T1047258195SHSOLE 819500WEYERHAEUSER COCOM962166104217472500SHSOLE 7250000WHEELER REAL ESTATE INVT TRCOM9630251011127583917SHSOLE 58391700WILLIAMS COS INC DELCOM969457100280SHSOLE 8000WILLIAMS SONOMA INCCOM9699041013976790SHSOLE 679000WINTHROP RLTY TRSH BEN INT NEW97639130011129858037SHSOLE 85803700WORLD FUEL SVCS CORPCOM98147510610270SHSOLE 27000WP GLIMCHER INCOM92939N102168221585409SHSOLE 158540900WPP PLC NEWADR92937A102724163112SHSOLE 6311200