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BHR

Braemar Hotels & Resorts
BHR

127 hedge funds and large institutions have $170M invested in Braemar Hotels & Resorts in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 50 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more call options, than puts

Call options by funds: $203K | Put options by funds: $145K

4.27% more ownership

Funds ownership: 62.52% → 66.79% (+4.3%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less funds holding

Funds holding: 128 → 127 (-1)

7% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 15

6% less capital invested

Capital invested by funds: $181M → $170M (-$10.6M)

34% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 50

Holders
127
Holders Change
-1
Holders Change %
-0.78%
% of All Funds
2.02%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
33
Reduced
50
Closed
15
Calls
$203K
Puts
$145K
Net Calls
+$58K
Net Calls Change
-$259K

Top Buyers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
+$2.58M
2
LSV Asset Management
LSV Asset Management
Illinois
+$1.49M
3
Russell Investments Group
Russell Investments Group
United Kingdom
+$876K
4
OSAM
O'Shaughnessy Asset Management
Connecticut
+$655K
5
CM
CastleKnight Management
New York
+$360K

Top Sellers

Rank Fund Capital Flow
1
KSCM
King Street Capital Management
New York
-$3.7M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$2.17M
3
BlackRock
BlackRock
New York
-$1.85M
4
RA
Royce & Associates
New York
-$1.72M
5
Millennium Management
Millennium Management
New York
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$41.1M -$1.85M -397,679 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$12.8M -$83.7K -17,945 -0.5%
LSV Asset Management
3
LSV Asset Management
Illinois
$10.4M +$1.49M +319,560 +14%
DKCM
4
Davidson Kempner Capital Management
New York
$8.88M – – –
DKP
5
Davidson Kempner Partners
New York
$8.88M +$10.7M +2,300,700 New
ZA
6
Zazove Associates
Nevada
$8.11M – – –
KCM
7
Knighthead Capital Management
New York
$5.79M – – –
JRCM
8
Jones Road Capital Management
New York
$4.65M +$233K +50,000 +4%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$4.58M +$64.4K +13,801 +1%
State Street
10
State Street
Massachusetts
$4.47M +$202K +43,385 +4%
N
11
Nuveen
North Carolina
$4.44M +$2.58M +554,046 +93%
UBS Group
12
UBS Group
Switzerland
$4.2M -$113K -24,166 -2%
CM
13
CastleKnight Management
New York
$4.16M +$360K +77,180 +8%
Hotchkis & Wiley Capital Management
14
Hotchkis & Wiley Capital Management
California
$4.14M -$1.26M -271,140 -20%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$2.79M +$286K +61,346 +9%
Northern Trust
16
Northern Trust
Illinois
$2.07M -$213K -45,620 -8%
Renaissance Technologies
17
Renaissance Technologies
New York
$1.89M +$300K +64,350 +15%
Prudential Financial
18
Prudential Financial
New Jersey
$1.7M -$225K -48,150 -10%
AQR Capital Management
19
AQR Capital Management
Connecticut
$1.61M -$2.17M -466,073 -53%
LPL Financial
20
LPL Financial
California
$1.59M +$19K +4,077 +1%
Millennium Management
21
Millennium Management
New York
$1.57M -$1.4M -300,655 -42%
KCM
22
Kennedy Capital Management
Missouri
$1.45M – – –
State of New Jersey Common Pension Fund D
23
State of New Jersey Common Pension Fund D
New Jersey
$1.45M – – –
IIM
24
Ironwood Investment Management
Massachusetts
$1.41M – – –
CCM
25
Campbell Capital Management
Florida
$1.39M – – –
1
2 3 4 5

BHR Hedge Fund Activity: Q1 2023 in Review

127 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q1 2023, worth a combined $170M — down 5.9% from $181M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BHR and 14 opened new positions — a net loss of 1 holder — while 50 trimmed existing stakes and 33 added.

The largest buyer was Nuveen, adding an estimated $2.58M. The largest seller was King Street Capital Management, exiting entirely with an estimated $3.7M sold.

  • 127 institutional investors held Braemar Hotels & Resorts (BHR) as of Q1 2023, down from 128 in Q4 2022.
  • Funds reported $170M of Braemar Hotels & Resorts stock for Q1 2023, down 5.9% quarter-over-quarter.
  • 14 funds opened new Braemar Hotels & Resorts positions in Q1 2023 and 15 closed out, a net change of -1 holder.
  • The largest Braemar Hotels & Resorts buyer in Q1 2023 was Nuveen, an estimated $2.58M added.
  • The largest Braemar Hotels & Resorts seller in Q1 2023 was King Street Capital Management, an estimated $3.7M sold.

Based on aggregated 13F filings for Q1 2023.