Braemar Hotels & Resorts 5.50% Series B Preferred Stock

BHR.PRB

Market cap $47.5M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Forward Management San Francisco, California	$49.7M	+$51.8M	+2,631,755	New
2	LA 2 Linden Advisors New York	$5.27M	+$5.45M	+276,663	New
3	3 PenderFund Capital Management Vancouver, British Columbia, Canada	$2.54M	–	–	–
4	LCM 4 LDR Capital Management New York	$2.54M	+$2.65M	+134,628	New
5	5 Fidelity Investments Boston, Massachusetts	$2.2M	+$2.28M	+115,684	New
6	OWIM 6 Old West Investment Management Los Angeles, California	$1.06M	+$1.1M	+55,704	New
7	7 Advisornet Financial Minnetonka, Minnesota	$770K	+$803K	+40,800	New
8	CPP 8 Crow Point Partners Boston, Massachusetts	$705K	+$709K	+36,000	New
9	9 Morgan Stanley New York	$397K	+$414K	+21,033	New
10	10 LPL Financial San Diego, California	$324K	+$338K	+17,150	New
11	GC 11 Gratia Capital Los Angeles, California	$91K	+$95.2K	+4,835	New
12	12 Global X Management Company New York	$72K	+$74.8K	+3,801	New
13	13 UBS Group Zurich, Switzerland	$28K	+$28.8K	+1,461	New
14	14 Bank of America Charlotte, North Carolina	$20K	+$21.1K	+1,071	New
15	15 Nuveen Charlotte, North Carolina	$8K	–	–	–