Braemar Hotels & Resorts 5.50% Series B Preferred Stock

BHR.PRB

Market cap $47.3M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Nexpoint Asset Management Dallas, Texas	$14.1M	-$43.3K	-3,661	-0.3%
2	2 Infrastructure Capital Advisors New York	$5.85M	+$5.74M	+485,295	New
3	3 BlackRock New York	$4.56M	-$218K	-18,403	-5%
4	4 Zazove Associates Incline Village, Nevada	$3.58M	-$38.9K	-3,285	-1%
5	5 Linden Advisors New York	$3.41M	–	–	–
6	6 LDR Capital Management New York	$1.75M	+$50.5K	+4,265	+3%
7	7 PenderFund Capital Management Vancouver, British Columbia, Canada	$1.6M	–	–	–
8	8 Fidelity Investments Boston, Massachusetts	$1.44M	–	–	–
9	9 LPL Financial San Diego, California	$494K	-$44.4K	-3,750	-8%
10	10 Hilltop Holdings Dallas, Texas	$396K	+$64.8K	+5,475	+20%
11	11 RMR Advisors Newton, Massachusetts	$301K	–	–	–
12	12 Independent Financial Group San Diego, California	$265K	+$260K	+22,000	New
13	13 TCW Group Los Angeles, California	$187K	–	–	–
14	14 Clear Harbor Asset Management Stamford, Connecticut	$142K	-$1.18K	-100	-0.8%
15	15 Susquehanna International Group Bala Cynwyd, Pennsylvania	$136K	+$133K	+11,275	New
16	16 Advisornet Financial Minnetonka, Minnesota	$55K	–	–	–
17	17 UBS Group Zurich, Switzerland	$15K	-$22.9K	-1,933	-61%
18	18 Bank of America Charlotte, North Carolina	$13K	–	–	–
19	19 Morgan Stanley New York	$10K	-$8.07K	-682	-44%
20	20 Royal Bank of Canada Toronto, Ontario, Canada	$4K	–	–	–