Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
14 hedge funds and large institutions have $70.2M invested in Braemar Hotels & Resorts 5.50% Series B Preferred Stock in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 3 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
9% more capital invested
Capital invested by funds: $64.5M → $70.2M (+$5.72M)
2.11% less ownership
Funds ownership: 69.88% → 67.77% (-2.1%)
13% less funds holding
Funds holding: 16 → 14 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.46M |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$1.76M |
| 3 |
LPL Financial
San Diego,
California
|
+$315K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Forward Management
San Francisco,
California
|
-$3.92M |
| 2 |
LCM
LDR Capital Management
New York
|
-$853K |
| 3 |
CPP
Crow Point Partners
Boston,
Massachusetts
|
-$679K |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$567K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$299K |
BHR.PRB Hedge Fund Activity: Q3 2019 in Review
14 of the 4,573 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts 5.50% Series B Preferred Stock (BHR.PRB) for Q3 2019, worth a combined $70.2M — up 8.9% from $64.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BHR.PRB and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 2 added.
The largest buyer was BlackRock, adding an estimated $2.46M. The largest seller was Forward Management, cutting an estimated $3.92M.
- 14 institutional investors held Braemar Hotels & Resorts 5.50% Series B Preferred Stock (BHR.PRB) as of Q3 2019, down from 16 in Q2 2019.
- Funds reported $70.2M of Braemar Hotels & Resorts 5.50% Series B Preferred Stock stock for Q3 2019, up 8.9% quarter-over-quarter.
- 2 funds opened new Braemar Hotels & Resorts 5.50% Series B Preferred Stock positions in Q3 2019 and 3 closed out, a net change of -1 holder.
- The largest Braemar Hotels & Resorts 5.50% Series B Preferred Stock buyer in Q3 2019 was BlackRock, an estimated $2.46M added.
- The largest Braemar Hotels & Resorts 5.50% Series B Preferred Stock seller in Q3 2019 was Forward Management, an estimated $3.92M sold.
Based on aggregated 13F filings for Q3 2019.