Braemar Hotels & Resorts
BHR
120 hedge funds and large institutions have $282M invested in Braemar Hotels & Resorts in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 50 reducing their positions, and 12 closing their positions.
822% more call options, than puts
Call options by funds: $6.3M | Put options by funds: $684K
2.07% more ownership
Funds ownership: 76.77% → 78.85% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2% less funds holding
Funds holding: 122 → 120 (-2)
7% less capital invested
Capital invested by funds: $304M → $282M (-$21.5M)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
32% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 50
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 |
BHR Hedge Fund Activity: Q3 2016 in Review
120 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q3 2016, worth a combined $282M — down 7.1% from $304M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BHR and 10 opened new positions — a net loss of 2 holders — while 50 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.
- 120 institutional investors held Braemar Hotels & Resorts (BHR) as of Q3 2016, down from 122 in Q2 2016.
- Funds reported $282M of Braemar Hotels & Resorts stock for Q3 2016, down 7.1% quarter-over-quarter.
- 10 funds opened new Braemar Hotels & Resorts positions in Q3 2016 and 12 closed out, a net change of -2 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.