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BHR

Braemar Hotels & Resorts
BHR

108 hedge funds and large institutions have $370M invested in Braemar Hotels & Resorts in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 39 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more capital invested

Capital invested by funds: $302M → $370M (+$67.2M)

2.07% more ownership

Funds ownership: 83.79% → 85.87% (+2.1%)

4% less funds holding

Funds holding: 113 → 108 (-5)

21% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 39

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

Holders
108
Holders Change
-5
Holders Change %
-4.42%
% of All Funds
3.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
31
Reduced
39
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$50.7M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$7.46M
3
Norges Bank
Norges Bank
Norway
+$2.67M
4
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
+$2.66M
5
DVM
Dreman Value Management
Florida
+$2.31M

Top Sellers

Rank Fund Capital Flow
1
WMSA
Weiss Multi-Strategy Advisers
New York
-$9.52M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$8.28M
3
Morgan Stanley
Morgan Stanley
New York
-$7.34M
4
UOC
UBS O'Connor
Illinois
-$5.29M
5
CC
Coastland Capital
California
-$4.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$2.62M +$173K +10,996 +8%
UOC
27
UBS O'Connor
Illinois
$2.58M -$5.29M -335,358 -69%
D.E. Shaw & Co
28
D.E. Shaw & Co
New York
$2.55M +$590K +37,424 +33%
Daiwa Securities Group
29
Daiwa Securities Group
Japan
$2.54M +$1.59K +101 +0.1%
DVM
30
Dreman Value Management
Florida
$2.49M +$2.31M +146,697 New
TCIM
31
TIAA CREF Investment Management
New York
$1.93M +$688K +43,610 +62%
BIM
32
BlackRock Investment Management
Delaware
$1.79M -$9.18K -582 -0.6%
QBFM
33
QS Batterymarch Financial Management
New York
$1.66M -$126K -8,010 -8%
Charles Schwab
34
Charles Schwab
California
$1.57M +$107K +6,782 +8%
TA
35
Teachers Advisors
New York
$1.31M +$95.1K +6,033 +8%
PAM
36
Panagora Asset Management
Massachusetts
$1.26M +$286K +18,133 +32%
Asset Management One
37
Asset Management One
Japan
$1.21M – – –
Prudential Financial
38
Prudential Financial
New Jersey
$1.19M +$443K +28,125 +67%
Barclays
39
Barclays
United Kingdom
$1.19M -$606K -38,462 -35%
GC
40
Globeflex Capital
California
$1.18M – – –
PCM
41
PAR Capital Management
Massachusetts
$1.17M +$1.08M +68,579 New
MOACM
42
Mutual of America Capital Management
New York
$1.13M – – –
Goldman Sachs
43
Goldman Sachs
New York
$1.08M +$612K +38,802 +158%
MCM
44
Munder Capital Management
Michigan
$1.05M -$34.2K -2,170 -3%
Bank of America
45
Bank of America
North Carolina
$987K +$154K +9,756 +20%
Deutsche Bank
46
Deutsche Bank
Germany
$928K -$453K -28,728 -34%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$813K – – –
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$795K +$207K +13,130 +39%
CS
49
Credit Suisse
Switzerland
$736K +$245K +15,537 +56%
TIAAOA
50
Teachers Insurance & Annuity Association of America
New York
$703K – – –
1
2
3 4 5

BHR Hedge Fund Activity: Q2 2014 in Review

108 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q2 2014, worth a combined $370M — up 22% from $302M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of BHR and 15 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 31 added.

The largest buyer was Fidelity Investments, adding an estimated $50.7M. The largest seller was Weiss Multi-Strategy Advisers, cutting an estimated $9.52M.

  • 108 institutional investors held Braemar Hotels & Resorts (BHR) as of Q2 2014, down from 113 in Q1 2014.
  • Funds reported $370M of Braemar Hotels & Resorts stock for Q2 2014, up 22% quarter-over-quarter.
  • 15 funds opened new Braemar Hotels & Resorts positions in Q2 2014 and 19 closed out, a net change of -4 holders.
  • The largest Braemar Hotels & Resorts buyer in Q2 2014 was Fidelity Investments, an estimated $50.7M added.
  • The largest Braemar Hotels & Resorts seller in Q2 2014 was Weiss Multi-Strategy Advisers, an estimated $9.52M sold.

Based on aggregated 13F filings for Q2 2014.