BRAEMAR HOTELS & RESORTS INC BHR
COM · REIT · CUSIP 10482B101
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersDallas, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.5k this quarter). Holder counts are more reliable. Shares outstanding: 68.7m as of 2026-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.16. Options: 1 managers hold calls ($563.3k notional), 2 hold puts ($78.4k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 143 |
| Q4 2022 | 128 |
| Q1 2023 | 128 |
| Q2 2023 | 123 |
| Q3 2023 | 121 |
| Q4 2023 | 109 |
| Q1 2024 | 109 |
| Q2 2024 | 118 |
| Q3 2024 | 120 |
| Q4 2024 | 127 |
| Q1 2025 | 122 |
| Q2 2025 | 108 |
| Q3 2025 | 124 |
| Q4 2025 | 134 |
| Q1 2026 | 136 |
| Q2 2026 | 128 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 43 | 51 |
| Q4 2024 | 47 | 49 |
| Q1 2025 | 41 | 59 |
| Q2 2025 | 35 | 63 |
| Q3 2025 | 65 | 49 |
| Q4 2025 | 61 | 50 |
| Q1 2026 | 64 | 57 |
| Q2 2026 | 65 | 53 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $726.4k | $36.8k | 0.05 |
| Q4 2025 | $608.4k | $275.5k | 0.45 |
| Q1 2026 | $246.4k | $9.4k | 0.04 |
| Q2 2026 | $563.3k | $78.4k | 0.14 |
Biggest buyers
| MARSHALL WACE, LLP | Added | +651.5k |
| GOLDMAN SACHS GROUP INC | Added | +358.9k |
| BlackRock, Inc. | Added | +302.5k |
| Catalyst Funds Management Pty Ltd | New | +249.0k |
| Rockefeller Capital Management L.P. | Added | +207.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | New | +197.0k |
| D. E. Shaw & Co., Inc. | Added | +183.8k |
| Simplify Asset Management Inc. | New | +183.0k |
| Point72 Asset Management, L.P. | New | +117.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +104.0k |
Biggest sellers
| Anson Funds Management LP | Sold out | -3.6m |
| ZAZOVE ASSOCIATES LLC | Reduced | -1.9m |
| SEI INVESTMENTS CO | Sold out | -464.9k |
| Russell Investments Group, Ltd. | Reduced | -418.7k |
| Penn Capital Management Company, LLC | Sold out | -252.0k |
| UBS Group AG | Reduced | -187.6k |
| GAMCO INVESTORS, INC. ET AL | Sold out | -165.3k |
| LANDMARK INVESTMENT PARTNERS, L.P. | Reduced | -150.9k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -140.9k |
| XTX Topco Ltd | Sold out | -112.7k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $563.3k260.8k shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $69.8k32.3k shares |
| GROUP ONE TRADING LLC | Unchanged | $8.6k4.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Al Shams Investments LTD
13D · may seek influence
no change · filed 2026-10-08
Stated purposeItem 4 is hereby amended and supplemented as follows: On October 6, 2026 (the "Effective Date"), ASIL and, solely for purposes of Section 8 thereof, Mr. Said (together, the "Al Shams Parties") entered into a Cooperation and Settlement Agreement (the "Settlement Agreement") with the Issuer, Ashford Hospitality Trust, Inc. and Ashford Inc. (collectively, the "Company Group"). Pursuant to the Settlement Agreement, ASIL has withdrawn the Nomination Notice. The Al Shams Parties have also agreed to certain standstill restrictions and voting commitments. In connection with the Board's previously announced Board refresh process, ASIL will have the opportunity to consult with the Issuer's search firm regarding candidates for one additional director seat. The Board retains sole discretion over the s… Full filing |
9.5% |
| ZAZOVE ASSOCIATES LLC 13G · institution -1.4 pts · filed 2026-08-14 | 7.6% |
| BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-07-27 | 7.5% |
Blackwells Capital LLC
13D · may seek influence
+1.1 pts · filed 2025-12-23
Stated purposeNo amendment to this Item is being made. Full filing |
6.9% |
| BlackRock Portfolio Management LLC 13G · institution new · filed 2025-04-15 | 6.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26), Ghassemieh Babak (3.6%, 2026-03-17)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $6.7k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | — | — |
| Q3 2025 | 1 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 8.7m $18.7m | Added +302.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.7m $5.9m | Reduced -17.4k |
| ZAZOVE ASSOCIATES LLC 0.39% of their portfolio | 2.2m $4.8m | Reduced -1.9m |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 1.7m $3.7m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.5m $3.3m | Added +104.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $2.8m | Reduced -35.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 1.1m $2.5m | Added +92.7k |
| LANDMARK INVESTMENT PARTNERS, L.P. 1.84% of their portfolio | 988.9k $2.0m | Reduced -150.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 857.7k $1.9m | Added +651.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 706.5k $1.5m | Reduced -25.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 592.8k $1.3m | Added +358.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 562.7k $1.2m | Reduced -140.9k |
| Penserra Capital Management LLC 0.01% of their portfolio | 494.1k $1.1m | Added +73.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 480.0k $1.0m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 470.7k $1.0m | Added +4.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 435.8k $941.4k | Added +43.0k |
| IRONWOOD INVESTMENT MANAGEMENT LLC 0.32% of their portfolio | 431.4k $931.9k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 424.3k $916.5k | Added +183.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 423.9k $915.6k | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 406.8k $878.7k | Added +28.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 399.3k $862.5k | Added +80.3k |
| MORGAN STANLEY 0.00% of their portfolio | 350.2k $756.4k | Added +63.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 272.8k $589.2k | Added +76.8k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 0.04% of their portfolio | 259.6k $560.6k | Added +34.9k |
| UBS Group AG 0.00% of their portfolio | 258.8k $558.9k | Reduced -187.6k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 252.2k $544.7k | Added +207.6k |
| Catalyst Funds Management Pty Ltd 0.03% of their portfolio | 249.0k $537.8k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 205.0k $442.8k | Added +42.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 197.0k $425.5k | New |
| Worth Venture Partners, LLC 0.93% of their portfolio | 190.2k $410.8k | Added +48.5k |
| CastleKnight Management LP 0.01% of their portfolio | 187.9k $405.9k | Unchanged |
| Simplify Asset Management Inc. 0.01% of their portfolio | 183.0k $395.3k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 176.2k $380.6k | Added +31.4k |
| Rangeley Capital, LLC 0.33% of their portfolio | 162.6k $351.1k | Reduced -59.4k |
| PFG Investments, LLC 0.01% of their portfolio | 148.3k $320.3k | Reduced -23.0k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 148.0k $319.7k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 145.8k $315.0k | Added +7.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 144.2k $311.5k | Reduced -1.4k |
| BARCLAYS PLC 0.00% of their portfolio | 142.0k $306.7k | Added +9.2k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 133.7k $288.8k | Reduced -106.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 131.4k $283.8k | Added +45.3k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 117.6k $254.0k | New |
| Nuveen, LLC 0.00% of their portfolio | 115.6k $249.8k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 107.5k $228.4k | Added +370 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 105.2k $227.3k | Added +3.0k |
| Orvieto Partners, L.P. 0.16% of their portfolio | 99.4k $214.7k | Reduced -50.0k |
| RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio | 99.2k $214.3k | Reduced -53.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 97.0k $228.8k | Added +13.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 93.8k $202.6k | Added +81.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 89.1k $192.5k | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 79.9k $172.6k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 79.4k $171.4k | Reduced -16.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 78.4k $169.4k | Added +214 |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 72.5k $156.7k | Unchanged |
| NOESIS CAPITAL MANGEMENT CORP 0.02% of their portfolio | 70.0k $151.2k | Unchanged |
| Sowell Financial Services LLC 0.00% of their portfolio | 69.9k $151.0k | Added +2 |
| Invesco Ltd. 0.00% of their portfolio | 67.3k $145.3k | Reduced -6.2k |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 67.0k $144.6k | New |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 54.8k $118.3k | Reduced -456 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 49.6k $107.1k | Added +28.6k |
| CITIGROUP INC 0.00% of their portfolio | 49.4k $106.7k | Added +46.5k |
| GatePass Capital, LLC 0.04% of their portfolio | 48.0k $103.7k | Reduced -77.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 47.9k $103.6k | Added +1.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 45.6k $98.4k | Unchanged |
| FJ Capital Management LLC 0.01% of their portfolio | 44.9k $97.0k | Added +3.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 37.8k $81.7k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 35.9k $76.0k | Added +25.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 31.7k $69.0k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 31.5k $68.1k | Reduced -418.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 30.2k $59.2k | Added +6.6k |
| LPL Financial LLC 0.00% of their portfolio | 29.0k $62.7k | Added +16 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 27.2k $58.7k | Added +264 |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 26.8k $57.0k | Unchanged |
| Sessa Capital IM, L.P. 0.00% of their portfolio | 26.0k $56.1k | Unchanged |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 25.2k $54.4k | Added +12.4k |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 23.9k $47.2k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 23.6k $50.9k | Unchanged |
| HB Wealth Management, LLC 0.00% of their portfolio | 22.7k $49.1k | Added +347 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 22.1k $47.8k | Reduced -20.0k |
| JBF Capital, Inc. 0.01% of their portfolio | 21.9k $47.2k | Added +2.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 21.5k $46.4k | Added +5.4k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 20.5k $44.2k | Reduced -339 |
| Quinn Opportunity Partners LLC 0.00% of their portfolio | 20.0k $43.2k | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 18.8k $40.5k | Added +4.7k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 18.4k $39.6k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 17.9k $38.8k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 16.3k $35.3k | Reduced -569 |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 14.0k $30.2k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 12.7k $27.4k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 11.9k $25.7k | New |
| Beverly Hills Private Wealth, LLC 0.00% of their portfolio | 11.1k $24.0k | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 11.0k $23.7k | Reduced -458 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 9.5k $20.6k | Reduced -2.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 8.3k $17.9k | Reduced -3.7k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 7.6k $16.5k | Reduced -9.5k |
| Legal & General Group Plc 0.00% of their portfolio | 6.8k $14.8k | Added +2.6k |
| FMR LLC 0.00% of their portfolio | 6.4k $13.8k | Added +888 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 5.2k $11.2k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 3.8k $8.2k | Added +3.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.8k $4.0k | Added +1.7k |