Braemar Hotels & Resorts 5.50% Series B Preferred Stock

BHR.PRB

Market cap $45.6M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Highland Capital Management (Texas) Dallas, Texas	$29.9M	–	–	–
2	2 Forward Management San Francisco, California	$16.3M	-$1.07M	-56,938	-7%
3	3 LDR Capital Management New York	$5.88M	+$1.37M	+73,270	+33%
4	4 Linden Advisors New York	$5.4M	–	–	–
5	5 PenderFund Capital Management Vancouver, British Columbia, Canada	$3.65M	–	–	–
6	6 Fidelity Investments Boston, Massachusetts	$2.38M	–	–	–
7	7 BlackRock New York	$2.23M	+$2.09M	+111,553	New
8	CPP 8 Crow Point Partners Boston, Massachusetts	$719K	–	–	–
9	9 Advisornet Financial Minnetonka, Minnesota	$669K	–	–	–
10	10 RMR Advisors Newton, Massachusetts	$499K	–	–	–
11	11 LPL Financial San Diego, California	$488K	–	–	–
12	12 Raymond James Financial Services Advisors St. Petersburg, Florida	$321K	-$9.36K	-500	-3%
13	13 TCW Group Los Angeles, California	$273K	+$257K	+13,700	New
14	14 &Partners Nashville, Tennessee	$220K	-$112K	-6,000	-35%
15	15 UBS Group Zurich, Switzerland	$63K	+$47.7K	+2,547	+425%
16	16 Bank of America Charlotte, North Carolina	$21K	–	–	–
17	17 Morgan Stanley New York	$8K	+$94	+5	+1%
18	18 Nuveen Charlotte, North Carolina	$7K	–	–	–
19	19 Old West Investment Management Los Angeles, California	–	-$955K	-55,704	Closed
20	20 Westwood Holdings Group Dallas, Texas	–	-$63K	-3,700	Closed