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BHR

Braemar Hotels & Resorts
BHR

107 hedge funds and large institutions have $78.1M invested in Braemar Hotels & Resorts in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 39 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

104% more call options, than puts

Call options by funds: $173K | Put options by funds: $85K

2.61% less ownership

Funds ownership: 50.1% → 47.5% (-2.6%)

10% less capital invested

Capital invested by funds: $87.2M → $78.1M (-$9.14M)

12% less funds holding

Funds holding: 121 → 107 (-14)

33% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 39

61% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 23

Holders
107
Holders Change
-14
Holders Change %
-11.57%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
26
Reduced
39
Closed
23
Calls
$173K
Puts
$85K
Net Calls
+$88K
Net Calls Change
+$75K

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$1.12M
2
Citadel Advisors
Citadel Advisors
Florida
+$158K
3
NCM
Noesis Capital Mangement
Florida
+$154K
4
Millennium Management
Millennium Management
New York
+$103K
5
N
Nuveen
North Carolina
+$98.3K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$790K
2
BA
Bard Associates
Illinois
-$756K
3
BlackRock
BlackRock
New York
-$750K
4
Russell Investments Group
Russell Investments Group
United Kingdom
-$430K
5
LPL Financial
LPL Financial
California
-$307K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$21.6M -$750K -341,831 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$8.44M -$39.8K -18,158 -0.5%
DKCM
3
Davidson Kempner Capital Management
New York
$5.64M – – –
ZA
4
Zazove Associates
Nevada
$5.12M – – –
LSV Asset Management
5
LSV Asset Management
Illinois
$4.55M – – –
Geode Capital Management
6
Geode Capital Management
Massachusetts
$3.37M -$132K -60,353 -4%
State Street
7
State Street
Massachusetts
$3.3M +$92.4K +42,131 +3%
Russell Investments Group
8
Russell Investments Group
United Kingdom
$2.82M -$430K -195,982 -15%
JRCM
9
Jones Road Capital Management
New York
$2.19M -$169K -77,240 -8%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$1.79M -$115K -52,595 -7%
Renaissance Technologies
11
Renaissance Technologies
New York
$1.74M +$54K +24,600 +4%
PCM
12
Penserra Capital Management
California
$1.26M +$1.12M +512,814 New
OP
13
Orvieto Partners
Massachusetts
$1.25M – – –
Northern Trust
14
Northern Trust
Illinois
$1.24M -$92K -41,947 -8%
Universal-Beteiligungs- und Servicegesellschaft
15
Universal-Beteiligungs- und Servicegesellschaft
Germany
$1.18M – – –
IIM
16
Ironwood Investment Management
Massachusetts
$986K – – –
Arrowstreet Capital
17
Arrowstreet Capital
Massachusetts
$913K +$91K +41,472 +13%
Morgan Stanley
18
Morgan Stanley
New York
$666K -$198K -90,314 -25%
RhumbLine Advisers
19
RhumbLine Advisers
Massachusetts
$664K -$269K -122,462 -31%
Prudential Financial
20
Prudential Financial
New Jersey
$523K -$66.5K -30,336 -12%
CM
21
CastleKnight Management
New York
$460K – – –
GC
22
GatePass Capital
Ohio
$428K +$4.39K +2,000 +1%
Charles Schwab
23
Charles Schwab
California
$423K -$31K -14,122 -8%
GI
24
GAMCO Investors
Connecticut
$385K +$219 +100 +0.1%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$370K -$1.13K -514 -0.3%
1
2 3 4 5

BHR Hedge Fund Activity: Q2 2025 in Review

107 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q2 2025, worth a combined $78.1M — down 10% from $87.2M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BHR and 9 opened new positions — a net loss of 14 holders — while 39 trimmed existing stakes and 26 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $1.12M. The largest seller was Goldman Sachs, cutting an estimated $790K.

  • 107 institutional investors held Braemar Hotels & Resorts (BHR) as of Q2 2025, down from 121 in Q1 2025.
  • Funds reported $78.1M of Braemar Hotels & Resorts stock for Q2 2025, down 10% quarter-over-quarter.
  • 9 funds opened new Braemar Hotels & Resorts positions in Q2 2025 and 23 closed out, a net change of -14 holders.
  • The largest Braemar Hotels & Resorts buyer in Q2 2025 was Penserra Capital Management, an estimated $1.12M added.
  • The largest Braemar Hotels & Resorts seller in Q2 2025 was Goldman Sachs, an estimated $790K sold.

Based on aggregated 13F filings for Q2 2025.