Braemar Hotels & Resorts
BHR
119 hedge funds and large institutions have $280M invested in Braemar Hotels & Resorts in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 51 reducing their positions, and 13 closing their positions.
822% more call options, than puts
Call options by funds: $6.3M | Put options by funds: $684K
2.01% more ownership
Funds ownership: 76.83% → 78.85% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2% less funds holding
Funds holding: 122 → 119 (-3)
8% less capital invested
Capital invested by funds: $304M → $280M (-$23.7M)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
33% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$29.9M |
| 2 |
KC
KRV Capital
New York
|
+$6.21M |
| 3 |
JP Morgan Chase
New York
|
+$1.99M |
| 4 |
FM
Forward Management
San Francisco,
California
|
+$1.92M |
| 5 |
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$42.9M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$6.35M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$2.47M |
| 4 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$1.77M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.69M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ST
126
Spot Trading
Chicago,
Illinois
| – | -$270K | -19,308 | Closed |
|
|
VKH
127
Virtu KCG Holdings
New York
| – | -$204K | -14,571 | Closed |
|
|
DTL
128
Dynamic Technology Lab
Singapore
| – | -$148K | -10,582 | Closed |
|
|
HM
129
Harvest Management
New York
| – | -$141K | -10,100 | Closed |
|
|
TRCT
130
Tower Research Capital (TRC)
New York
| – | -$63K | -4,527 | Closed |
|
131
Teacher Retirement System of Texas
Austin,
Texas
| – | -$50K | -3,595 | Closed |
|
132
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -48 | Closed |
|
BHR Hedge Fund Activity: Q3 2016 in Review
119 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q3 2016, worth a combined $280M — down 7.8% from $304M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BHR and 10 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 34 added.
The largest buyer was Raging Capital Management, opening a new position worth an estimated $29.9M. The largest seller was Fidelity Investments, cutting an estimated $42.9M.
- 119 institutional investors held Braemar Hotels & Resorts (BHR) as of Q3 2016, down from 122 in Q2 2016.
- Funds reported $280M of Braemar Hotels & Resorts stock for Q3 2016, down 7.8% quarter-over-quarter.
- 10 funds opened new Braemar Hotels & Resorts positions in Q3 2016 and 13 closed out, a net change of -3 holders.
- The largest Braemar Hotels & Resorts buyer in Q3 2016 was Raging Capital Management, an estimated $29.9M added.
- The largest Braemar Hotels & Resorts seller in Q3 2016 was Fidelity Investments, an estimated $42.9M sold.
Based on aggregated 13F filings for Q3 2016.