Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
15 hedge funds and large institutions have $63.5M invested in Braemar Hotels & Resorts 5.50% Series B Preferred Stock in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
15% more funds holding
Funds holding: 13 → 15 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
0.02% less ownership
Funds ownership: 67.21% → 67.19% (-0.02%)
3% less capital invested
Capital invested by funds: $65.7M → $63.5M (-$2.24M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$2.6M |
| 2 |
RA
RMR Advisors
Newton,
Massachusetts
|
+$482K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$286K |
| 4 |
LPL Financial
San Diego,
California
|
+$42.4K |
| 5 |
PAMG
Patton Albertson Miller Group
Chattanooga,
Tennessee
|
+$19.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Forward Management
San Francisco,
California
|
-$2.9M |
| 2 |
Morgan Stanley
New York
|
-$384K |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$91K |
| 4 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
-$7.71K |
BHR.PRB Hedge Fund Activity: Q3 2018 in Review
15 of the 4,390 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts 5.50% Series B Preferred Stock (BHR.PRB) for Q3 2018, worth a combined $63.5M — down 3.4% from $65.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BHR.PRB positions and 1 closed out — a net gain of 3 holders — while 3 added to existing stakes and 3 trimmed.
The largest buyer was PenderFund Capital Management, opening a new position worth an estimated $2.6M. The largest seller was Forward Management, cutting an estimated $2.9M.
- 15 institutional investors held Braemar Hotels & Resorts 5.50% Series B Preferred Stock (BHR.PRB) as of Q3 2018, up from 13 in Q2 2018.
- Funds reported $63.5M of Braemar Hotels & Resorts 5.50% Series B Preferred Stock stock for Q3 2018, down 3.4% quarter-over-quarter.
- 4 funds opened new Braemar Hotels & Resorts 5.50% Series B Preferred Stock positions in Q3 2018 and 1 closed out, a net change of +3 holders.
- The largest Braemar Hotels & Resorts 5.50% Series B Preferred Stock buyer in Q3 2018 was PenderFund Capital Management, an estimated $2.6M added.
- The largest Braemar Hotels & Resorts 5.50% Series B Preferred Stock seller in Q3 2018 was Forward Management, an estimated $2.9M sold.
Based on aggregated 13F filings for Q3 2018.