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BHR

Braemar Hotels & Resorts
BHR

134 hedge funds and large institutions have $94.3M invested in Braemar Hotels & Resorts in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 40 increasing their positions, 40 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more call options, than puts

Call options by funds: $608K | Put options by funds: $276K

109% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 11

8% more funds holding

Funds holding: 124 → 134 (+10)

3% more capital invested

Capital invested by funds: $91.9M → $94.3M (+$2.36M)

0% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 40

1.22% less ownership

Funds ownership: 49.33% → 48.12% (-1.2%)

Holders
134
Holders Change
+10
Holders Change %
+8.06%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
40
Reduced
40
Closed
11
Calls
$608K
Puts
$276K
Net Calls
+$332K
Net Calls Change
-$357K

Top Buyers

1
AFM
Anson Funds Management
Texas
+$3.28M
2
BlackRock
BlackRock
New York
+$1.04M
3
LIP
Landmark Investment Partners
Florida
+$837K
4
OSAM
O'Shaughnessy Asset Management
Connecticut
+$518K
5
SEI Investments
SEI Investments
Pennsylvania
+$489K

Top Sellers

1
DKCM
Davidson Kempner Capital Management
New York
-$6.28M
2
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.59M
3
Millennium Management
Millennium Management
New York
-$1.18M
4
Jane Street
Jane Street
New York
-$633K
5
SBH
Segall Bryant & Hamill
Illinois
-$334K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$24M +$1.04M +385,982 +5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$9.95M +$30.4K +11,291 +0.3%
ZA
3
Zazove Associates
Nevada
$6.98M +$440K +163,197 +7%
LSV Asset Management
4
LSV Asset Management
Illinois
$4.93M – – –
State Street
5
State Street
Massachusetts
$3.93M -$64.2K -23,824 -2%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$3.81M -$123K -45,637 -3%
AFM
7
Anson Funds Management
Texas
$3.5M +$3.28M +1,217,903 New
LIP
8
Landmark Investment Partners
Florida
$3.11M +$837K +310,493 +40%
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$2.79M +$400K +148,562 +18%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$2.25M -$12.1K -4,492 -0.6%
Renaissance Technologies
11
Renaissance Technologies
New York
$2.09M +$12.7K +4,700 +0.6%
Universal-Beteiligungs- und Servicegesellschaft
12
Universal-Beteiligungs- und Servicegesellschaft
Germany
$1.38M – – –
IIM
13
Ironwood Investment Management
Massachusetts
$1.24M – – –
Russell Investments Group
14
Russell Investments Group
United Kingdom
$1.23M -$2.59M -961,727 -69%
Northern Trust
15
Northern Trust
Illinois
$1.21M -$172K -63,912 -13%
Prudential Financial
16
Prudential Financial
New Jersey
$1.19M +$305K +113,047 +37%
PCM
17
Penserra Capital Management
California
$1.17M -$330K -122,524 -23%
OP
18
Orvieto Partners
Massachusetts
$940K – – –
Morgan Stanley
19
Morgan Stanley
New York
$895K +$188K +69,559 +29%
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
$820K +$276K +102,351 +56%
Goldman Sachs
21
Goldman Sachs
New York
$776K +$84K +31,166 +13%
PI
22
PFG Investments
New York
$573K -$96.6K -35,818 -15%
UBS Group
23
UBS Group
Switzerland
$571K +$443K +164,383 +477%
ICA
24
Infrastructure Capital Advisors
New York
$558K +$67.4K +25,000 +15%
PCM
25
Penn Capital Management
Pennsylvania
$551K -$276K -102,196 -35%
1
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BHR Hedge Fund Activity: Q4 2025 in Review

134 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Braemar Hotels & Resorts (BHR) for Q4 2025, worth a combined $94.3M — up 2.6% from $91.9M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BHR positions and 11 closed out — a net gain of 12 holders — while 40 added to existing stakes and 40 trimmed.

The largest buyer was Anson Funds Management, opening a new position worth an estimated $3.28M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $6.28M sold.

  • 134 institutional investors held Braemar Hotels & Resorts (BHR) as of Q4 2025, up from 124 in Q3 2025.
  • Funds reported $94.3M of Braemar Hotels & Resorts stock for Q4 2025, up 2.6% quarter-over-quarter.
  • 23 funds opened new Braemar Hotels & Resorts positions in Q4 2025 and 11 closed out, a net change of +12 holders.
  • The largest Braemar Hotels & Resorts buyer in Q4 2025 was Anson Funds Management, an estimated $3.28M added.
  • The largest Braemar Hotels & Resorts seller in Q4 2025 was Davidson Kempner Capital Management, an estimated $6.28M sold.

Based on aggregated 13F filings for Q4 2025.