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BHR

Braemar Hotels & Resorts
BHR

119 hedge funds and large institutions have $106M invested in Braemar Hotels & Resorts in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 41 increasing their positions, 28 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 28

4% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 24

2% less funds holding

Funds holding: 121 → 119 (-2)

4.33% less ownership

Funds ownership: 62.03% → 57.7% (-4.3%)

36% less capital invested

Capital invested by funds: $165M → $106M (-$59M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

53% less call options, than puts

Call options by funds: $136K | Put options by funds: $288K

Holders
119
Holders Change
-2
Holders Change %
-1.65%
% of All Funds
1.89%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
23
Increased
41
Reduced
28
Closed
24
Calls
$136K
Puts
$288K
Net Calls
-$152K
Net Calls Change
-$237K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$1.68M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.55M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$869K
4
Millennium Management
Millennium Management
New York
+$356K
5
ICM
Invenomic Capital Management
Massachusetts
+$327K

Top Sellers

1
KCM
Knighthead Capital Management
New York
-$6.03M
2
BlackRock
BlackRock
New York
-$2.98M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.02M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.32M
5
UBS Group
UBS Group
Switzerland
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$25.7M -$2.98M -958,595 -9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$9.36M +$21.3K +6,863 +0.2%
LSV Asset Management
3
LSV Asset Management
Illinois
$8.44M -$80.4K -25,900 -0.8%
DKCM
4
Davidson Kempner Capital Management
New York
$6.37M – – –
ZA
5
Zazove Associates
Nevada
$5.82M – – –
Hotchkis & Wiley Capital Management
6
Hotchkis & Wiley Capital Management
California
$4.65M +$869K +279,900 +20%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$3.51M +$201K +64,609 +5%
State Street
8
State Street
Massachusetts
$3.38M +$127K +40,960 +4%
JRCM
9
Jones Road Capital Management
New York
$3.34M – – –
CM
10
CastleKnight Management
New York
$3.34M +$73.8K +23,761 +2%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$2.1M -$10.9K -3,521 -0.5%
N
12
Nuveen
North Carolina
$2.06M +$250K +80,678 +12%
UBS Group
13
UBS Group
Switzerland
$1.97M -$1.15M -369,531 -34%
Morgan Stanley
14
Morgan Stanley
New York
$1.86M +$1.68M +540,455 +412%
Northern Trust
15
Northern Trust
Illinois
$1.5M +$14.3K +4,603 +0.9%
Balyasny Asset Management
16
Balyasny Asset Management
Illinois
$1.38M +$1.55M +497,842 New
Renaissance Technologies
17
Renaissance Technologies
New York
$1.36M -$409K -131,600 -21%
State of New Jersey Common Pension Fund D
18
State of New Jersey Common Pension Fund D
New Jersey
$1.12M – – –
LPL Financial
19
LPL Financial
California
$1.11M -$1.6K -516 -0.1%
IIM
20
Ironwood Investment Management
Massachusetts
$1.05M +$121K +39,000 +11%
BA
21
Bard Associates
Illinois
$974K -$9.62K -3,100 -0.9%
Prudential Financial
22
Prudential Financial
New Jersey
$926K -$152K -49,100 -13%
Millennium Management
23
Millennium Management
New York
$826K +$356K +114,589 +62%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$778K +$8.65K +2,786 +1%
KCM
25
Kennedy Capital Management
Missouri
$735K – – –
1
2 3 4 5

BHR Hedge Fund Activity: Q3 2023 in Review

119 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q3 2023, worth a combined $106M — down 36% from $165M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of BHR and 23 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 41 added.

The largest buyer was Morgan Stanley, adding an estimated $1.68M. The largest seller was Knighthead Capital Management, exiting entirely with an estimated $6.03M sold.

  • 119 institutional investors held Braemar Hotels & Resorts (BHR) as of Q3 2023, down from 121 in Q2 2023.
  • Funds reported $106M of Braemar Hotels & Resorts stock for Q3 2023, down 36% quarter-over-quarter.
  • 23 funds opened new Braemar Hotels & Resorts positions in Q3 2023 and 24 closed out, a net change of -1 holder.
  • The largest Braemar Hotels & Resorts buyer in Q3 2023 was Morgan Stanley, an estimated $1.68M added.
  • The largest Braemar Hotels & Resorts seller in Q3 2023 was Knighthead Capital Management, an estimated $6.03M sold.

Based on aggregated 13F filings for Q3 2023.