0001085146-18-000323.txt : 20180202 0001085146-18-000323.hdr.sgml : 20180202 20180202164648 ACCESSION NUMBER: 0001085146-18-000323 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180202 DATE AS OF CHANGE: 20180202 EFFECTIVENESS DATE: 20180202 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: 18571394 BUSINESS ADDRESS: STREET 1: 345 CALIFORNIA STREET STREET 2: SUITE 1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-869-6300 MAIL ADDRESS: STREET 1: 345 CALIFORNIA STREET STREET 2: SUITE 1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001385864 XXXXXXXX 12-31-2017 12-31-2017 Forward Management, LLC

345 CALIFORNIA STREET SUITE 1600 SAN FRANCISCO CA 94104

13F COMBINATION REPORT 028-12088 0001095952 028-06435 BROADMARK ASSET MANAGEMENT LLC 0001291274 028-11664 PICTET ASSET MANAGEMENT LTD N Paul A. Bachtold 415 869-6300 /s/ Paul A. Bachtold San Francisco CA 02-01-2018 0 217 886922 false INFORMATION TABLE 2 form13fInfoTable.xml DESCRIPTION FOR INFORMATION TABLE 3M COCOM88579Y10119568311SHSOLE 831100ACADIA RLTY TRCOM SH BEN INT004239109164760200SHSOLE 6020000ACCENTURE PLC IRELANDSHS CLASS AG1151C1018485541SHSOLE 554100ACUITY BRANDS INCCOM00508Y1022771579SHSOLE 157900ALEXANDER & BALDWIN INC NEWCOM01449110477427900SHSOLE 2790000ALEXANDRIA REAL ESTATE EQ INCOM015271109167112800SHSOLE 1280000ALEXANDRIA REAL ESTATE EQ INPFD CONV SER D0152715053869102798SHSOLE 10279800AMBEV SASPONSORED ADR02319V1032135330477SHSOLE 33047700AMERICAN ASSETS TR INCCOM024013104214956200SHSOLE 5620000AMERICAN CAMPUS CMNTYS INCCOM0248351003739100SHSOLE 910000AMERICAN HOMES 4 RENTCL A02665T3063265149498SHSOLE 14949800AMGEN INCCOM0311621009015185SHSOLE 518500APARTMENT INVT & MGMT COCL A03748R10121667495700SHSOLE 49570000APOGEE ENTERPRISES INCCOM0375981091663631SHSOLE 363100APPLE INCCOM03783310015729290SHSOLE 929000ASHFORD HOSPITALITY PRIME INCOM0441021012303236700SHSOLE 23670000ASHFORD HOSPITALITY PRIME INPFD CV SER B044102507555982781275SHSOLE 278127500AVALONBAY CMNTYS INCCOM053484101210511800SHSOLE 1180000BANKUNITED INCCOM06652K1032205400SHSOLE 540000BECTON DICKINSON & COCOM07588710912555860SHSOLE 586000BELMOND LTDCL AG1154H1072045166900SHSOLE 16690000BERKSHIRE HATHAWAY INC DELCL B NEW0846707024562300SHSOLE 230000BLACK KNIGHT INCCOM09215C1052726157SHSOLE 615700BLACKROCK INCCOM09247X10117453399SHSOLE 339900BLACKSTONE GROUP L PCOM UNIT LTD09253U1082959200SHSOLE 920000BRANDYWINE RLTY TRSH BEN INT NEW1053682031588664SHSOLE 866400BRIGHTHOUSE FINL INCCOM10922N10348816SHSOLE 81600BRIXMOR PPTY GROUP INCCOM11120U10593550100SHSOLE 5010000BROADRIDGE FINL SOLUTIONS INCOM11133T1035946566SHSOLE 656600BROOKDALE SR LIVING INCCOM1124631041627167700SHSOLE 16770000BT GROUP PLCADR05577E10144724498SHSOLE 2449800CANADA GOOSE HOLDINGS INCSHS SUB VTG13508610631710040SHSOLE 1004000CARDINAL HEALTH INCCOM14149Y108109517861SHSOLE 1786100CASEYS GEN STORES INCCOM1475281034163712SHSOLE 371200CATALENT INCCOM1488061022696533SHSOLE 653300CECO ENVIRONMENTAL CORPCOM125141101183416SHSOLE 341600CENTERSTATE BK CORPCOM15201P10942216402SHSOLE 1640200CHATHAM LODGING TRCOM16208T10220723910500SHSOLE 91050000CHEVRON CORP NEWCOM1667641009897894SHSOLE 789400CHINA YUCHAI INTL LTDCOMG210821055500229206SHSOLE 22920600CHIPOTLE MEXICAN GRILL INCCOM169656105217750SHSOLE 75000CIM COML TR CORPCOM12552510537319545SHSOLE 1954500CISCO SYS INCCOM17275R10295424912SHSOLE 2491200CLIPPER RLTY INCCOM18885T306100861009496SHSOLE 100949600CME GROUP INCCOM CL A12572Q10514459891SHSOLE 989100COLONY NORTHSTAR INCCL A COM19625W104334022927354SHSOLE 292735400COMCAST CORP NEWCL A20030N101234858657SHSOLE 5865700CONSOLIDATED TOMOKA LD CONOTE 4.500% 3/1210226AB22282720450000SHSOLE 2045000000COOPER COS INCCOM NEW2166484024201930SHSOLE 193000CORE LABORATORIES N VCOMN227171073162891SHSOLE 289100CORENERGY INFRASTRUCTURE TRDEP SHS REPSTG21870U30412870500000SHSOLE 50000000CORENERGY INFRASTRUCTURE TRNOTE 7.000% 6/121870UAA42275319000000SHSOLE 1900000000CORESITE RLTY CORPCOM21870Q105226619900SHSOLE 1990000COSAN LTDSHS AG253431074375SHSOLE 37500COSTCO WHSL CORP NEWCOM22160K10593500SHSOLE 50000CREDIT SUISSE NASSAU BRHINVRS VIX STERM22542D7954143078SHSOLE 307800DDR CORPCOM23317H10277085900SHSOLE 8590000DIGITAL RLTY TR INCCOM253868103195917200SHSOLE 1720000DIREXION SHS ETF TR20YR TRES BULL25459W540914100SHSOLE 410000DISNEY WALT COCOM DISNEY2546871066916419SHSOLE 641900DST SYS INC DELCOM2333261074867835SHSOLE 783500EASTMAN CHEM COCOM277432100110111882SHSOLE 1188200EATON CORP PLCSHSG2918310397012274SHSOLE 1227400ENEL AMERICAS S ASPONSORED ADR29274F104151300SHSOLE 130000ENSTAR GROUP LIMITEDSHSG3075P1012591289SHSOLE 128900EPR PPTYSCONV PFD 9% SR E26884U30723542644101SHSOLE 64410100EPR PPTYSPFD C CNV 5.75%26884U2086695248700SHSOLE 24870000EQUINIX INCCOM PAR $0.00129444U700408900SHSOLE 90000EQUITY RESIDENTIALSH BEN INT29476L107194530500SHSOLE 3050000ESSEX PPTY TR INCCOM29717810517627300SHSOLE 730000EVERCORE INCCLASS A29977A1054585086SHSOLE 508600EXXON MOBIL CORPCOM30231G10215181SHSOLE 18100FARMLAND PARTNERS INCCOM31154R10957065600SHSOLE 6560000FIRST AMERN FINL CORPCOM31847R1024548097SHSOLE 809700FOMENTO ECONOMICO MEXICANO SSPON ADR UNITS344419106122613057SHSOLE 1305700FOREST CITY RLTY TR INCCOM CL A345605109133755500SHSOLE 5550000GENERAL DYNAMICS CORPCOM36955010813756758SHSOLE 675800GENERAL ELECTRIC COCOM36960410324614100SHSOLE 1410000GENESIS HEALTHCARE INCCL A COM37185X106312408200SHSOLE 40820000GENTHERM INCCOM37253A1031755499SHSOLE 549900GGP INCCOM36174X101118550700SHSOLE 5070000GLAXOSMITHKLINE PLCSPONSORED ADR37733W105123734873SHSOLE 3487300GLOBAL X FDSMSCI PAKISTAN37950E68944535940SHSOLE 3594000GOVERNMENT PPTYS INCOME TRCOM SHS BEN INT38376A103216291166600SHSOLE 116660000GRUPO AEROPORTUARIO CTR NORTSPON ADR40050110213310SHSOLE 31000GUIDEWIRE SOFTWARE INCCOM40171V1002042755SHSOLE 275500HCP INCCOM40414L109107241100SHSOLE 4110000HFF INCCL A40418F10897220007SHSOLE 2000700HOEGH LNG PARTNERS LPCOM UNIT LTDY3262R10019610495SHSOLE 1049500HOME DEPOT INCCOM43707610210725660SHSOLE 566000HOWARD HUGHES CORPCOM44267D1079977600SHSOLE 760000HSBC HLDGS PLCSPON ADR NEW40428040613255SHSOLE 25500INFOSYS LTDSPONSORED ADR4567881084630285414SHSOLE 28541400INSTEEL INDUSTRIES INCCOM45774W1081716050SHSOLE 605000INTERPUBLIC GROUP COS INCCOM46069010083441367SHSOLE 4136700INTERXION HOLDING N.VSHSN47279109100717100SHSOLE 1710000INVESCO LTDSHSG491BT10896726453SHSOLE 2645300ISHARES INCCORE MSCI EMKT46434G103112SHSOLE 1200ISHARES INCEM MKTS DIV ETF464286319116SHSOLE 1600ISHARES INCMSCI BRIC INDX464286657115SHSOLE 1500ISHARES INCMSCI FRNTR100ETF464286145120SHSOLE 2000ISHARES INCMSCI GBL ETF NEW46434G848121SHSOLE 2100ISHARES INCMSCI TAIWAN ETF46434G772108129845SHSOLE 2984500ISHARES INCMSCI TURKEY ETF46428671511250SHSOLE 25000ISHARES TRCORE MSCI TOTAL46432F834761204SHSOLE 120400ISHARES TRCORE S&P MCP ETF46428750770370SHSOLE 37000ISHARES TRCORE S&P SCP ETF464287804219SHSOLE 1900ISHARES TRCORE S&P500 ETF464287200105389SHSOLE 38900ISHARES TREAFE SML CP ETF464288273111SHSOLE 1100ISHARES TREUROPE ETF46428786114289SHSOLE 28900ISHARES TRIBOXX HI YD ETF4642885131792049SHSOLE 204900ISHARES TRIBOXX INV CP ETF4642872421711404SHSOLE 140400ISHARES TRINTRMD CR BD ETF464288638125511491SHSOLE 1149100ISHARES TRJPMORGAN USD EMG4642882811711473SHSOLE 147300ISHARES TRLATN AMER 40 ETF464287390120SHSOLE 2000ISHARES TRMBS ETF4642885888638096SHSOLE 809600ISHARES TRMICRO-CAP ETF46428886917SHSOLE 700ISHARES TRMSCI AC ASIA ETF46428818219SHSOLE 900ISHARES TRMSCI ACWI ETF46428825745623SHSOLE 62300ISHARES TRMSCI ACWI EX US46428824011261225460SHSOLE 22546000ISHARES TRMSCI CHINA ETF46429B671110SHSOLE 1000ISHARES TRMSCI EAFE ETF46428746516564235579SHSOLE 23160803971ISHARES TRMSCI EMG MKT ETF46428723416788356255SHSOLE 35020106054ISHARES TRRUSSELL 2000 ETF46428765534069223457SHSOLE 21966603791ISHARES TRS&P 500 GRWT ETF46428730914SHSOLE 400ISHARES TRS&P SML 600 GWT46428788714SHSOLE 400ISHARES TRSELECT DIVID ETF464287168550SHSOLE 5000ISTAR INCCOM45031U10125722700SHSOLE 2270000JERNIGAN CAP INCCOM476405105266771403300SHSOLE 140330000JOHN BEAN TECHNOLOGIES CORPCOM4778391047777008SHSOLE 700800JOHNSON & JOHNSONCOM47816010413499658SHSOLE 965800JPMORGAN CHASE & COCOM46625H100132312374SHSOLE 1237400KIMCO RLTY CORPCOM49446R10954329900SHSOLE 2990000KITE RLTY GROUP TRCOM NEW49803T300140771769SHSOLE 7176900KLA-TENCOR CORPCOM482480100169816159SHSOLE 1615900KOREA ELECTRIC PWRSPONSORED ADR50063110646226070SHSOLE 2607000LEXINGTON REALTY TRUSTPFD CONV SER C52904330916242316455SHSOLE 31645500LITTELFUSE INCCOM5370081044702375SHSOLE 237500MACERICH COCOM554382101105116000SHSOLE 1600000MACK CALI RLTY CORPCOM554489104138964400SHSOLE 6440000MADISON SQUARE GARDEN CO NEWCL A55825T10310124800SHSOLE 480000MCDONALDS CORPCOM580135101103600SHSOLE 60000MEDEQUITIES RLTY TR INCCOM58409L30664757684SHSOLE 5768400METLIFE INCCOM59156R1084589068SHSOLE 906800MICROSOFT CORPCOM594918104209724503SHSOLE 2450300MILLER HERMAN INCCOM6005441002005010SHSOLE 501000MOBILE TELESYSTEMS PJSCSPONSORED ADR6074091099885SHSOLE 88500MONSANTO CO NEWCOM61166W1013072627SHSOLE 262700NATIONAL STORAGE AFFILIATESCOM SHS BEN IN6378701065846214436SHSOLE 21443600NEENAH PAPER INCCOM6400791096056680SHSOLE 668000NEW JERSEY RESCOM64602510617426SHSOLE 42600NEW YORK CMNTY BANCORP INCCOM64944510316512700SHSOLE 1270000NOVARTIS A GSPONSORED ADR66987V109255430428SHSOLE 3042800OWENS CORNING NEWCOM6907421016216753SHSOLE 675300PARAMOUNT GROUP INCCOM69924R1082128134300SHSOLE 13430000PEPSICO INCCOM7134481085894916SHSOLE 491600PFIZER INCCOM717081103135037264SHSOLE 3726400PHILLIPS 66COM718546104118311707SHSOLE 1170700PIMCO ETF TRENHAN SHRT MA AC72201R8331521494SHSOLE 149400POOL CORPORATIONCOM73278L1057115482SHSOLE 548200POWERSHARES QQQ TRUSTUNIT SER 173935A10433827217171SHSOLE 21345903712PRA HEALTH SCIENCES INCCOM69354M1084825292SHSOLE 529200PROCTER AND GAMBLE COCOM7427181097608269SHSOLE 826900PROLOGIS INCCOM74340W10368310592SHSOLE 1059200PRUDENTIAL PLCADR74435K204189037244SHSOLE 3724400PUBLIC STORAGECOM74460D1092391143SHSOLE 114300RAMCO-GERSHENSON PPTYS TRPERP PFD-D CV75145260814231245700SHSOLE 24570000RESOURCE CAP CORPCOM NEW76120W708128191368100SHSOLE 136810000RETAIL OPPORTUNITY INVTS CORCOM76131N101144672500SHSOLE 7250000RITCHIE BROS AUCTIONEERSCOM7677441051896303SHSOLE 630300RLJ LODGING TRCUM CONV PFD A74965L200276851025000SHSOLE 102500000ROBERT HALF INTL INCCOM770323103163129364SHSOLE 2936400SABRA HEALTH CARE REIT INCCOM78573L106271311445425SHSOLE 144542500SCHLUMBERGER LTDCOM806857108397859022SHSOLE 5902200SELECT SECTOR SPDR TRSBI CONS DISCR81369Y407262526600SHSOLE 2660000SELECT SECTOR SPDR TRSBI HEALTHCARE81369Y209292935426SHSOLE 3542600SELECT SECTOR SPDR TRSBI INT-FINL81369Y60570625293SHSOLE 2529300SELECT SECTOR SPDR TRSBI INT-UTILS81369Y886223342382SHSOLE 4238200SELECT SECTOR SPDR TRSBI MATERIALS81369Y100245540559SHSOLE 4055900SHAW COMMUNICATIONS INCCL B CONV82028K2002899126953SHSOLE 12695300SIMON PPTY GROUP INC NEWCOM8288061096874000SHSOLE 400000SL GREEN RLTY CORPCOM78440X101198919713SHSOLE 1971300SPDR DOW JONES INDL AVRG ETFUT SER 178467X10936553147764SHSOLE 14525502509SPDR S&P 500 ETF TRTR UNIT78462F103104134390221SHSOLE 38361906602STAG INDL INCCOM85254J10220697757306SHSOLE 75730600STARBUCKS CORPCOM85524410983814580SHSOLE 1458000STERLING BANCORP DELCOM85917A10047419278SHSOLE 1927800SUNCOR ENERGY INC NEWCOM8672241071734700SHSOLE 470000TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADR8740391005254132527SHSOLE 13252700TANGER FACTORY OUTLET CTRS ICOM875465106152257400SHSOLE 5740000TAUBMAN CTRS INCCOM87666410310315157650SHSOLE 15765000TEXAS INSTRS INCCOM882508104159315251SHSOLE 1525100TIME WARNER INCCOM NEW8873173034985441SHSOLE 544100TRAVELCENTERS AMER LLCCOM8941741011033251800SHSOLE 25180000UBS GROUP AGSHSH42097107173494306SHSOLE 9430600ULTRAPAR PARTICIPACOES S ASP ADR REP COM90400P10159626200SHSOLE 2620000UNILEVER PLCSPON ADR NEW904767704317757404SHSOLE 5740400UNITED TECHNOLOGIES CORPCOM913017109159812517SHSOLE 1251700URSTADT BIDDLE PPTYS INCCL A917286205144466400SHSOLE 6640000URSTADT BIDDLE PPTYS INCPFD-G CV 6.75%91728680911862450000SHSOLE 45000000US BANCORP DELCOM NEW902973304153828711SHSOLE 2871100VANECK VECTORS ETF TRGOLD MINERS ETF92189F10616649716358SHSOLE 704173012185VANGUARD TAX MANAGED INTL FDFTSE DEV MKT ETF921943858801776SHSOLE 177600VANGUARD WORLD FDSINDUSTRIAL ETF92204A6039556710SHSOLE 671000VANGUARD WORLD FDSINF TECH ETF92204A702393923910SHSOLE 2391000VANTIV INCCL A92210H1055447401SHSOLE 740100VARIAN MED SYS INCCOM92220P1053973572SHSOLE 357200VIRTU FINL INCCL A92825410155130140SHSOLE 3014000VORNADO RLTY TRSH BEN INT929042109167421400SHSOLE 2140000WAL-MART STORES INCCOM931142103105810715SHSOLE 1071500WELLTOWER INCCOM95040Q104105816600SHSOLE 1660000WEX INCCOM96208T1044333063SHSOLE 306300WEYERHAEUSER COCOM96216610477622000SHSOLE 2200000WHEELER REAL ESTATE INVT TRCV PFD SER B9630253098346390000SHSOLE 39000000WHEELER REAL ESTATE INVT TRPFD CNV SER D9630256064020200000SHSOLE 20000000WISDOMTREE CONTINUOUS COMMODSHS BEN INT97718W10822111504SHSOLE 1150400WPP PLC NEWADR92937A102311734412SHSOLE 3441200