Vault-13

BRAEMAR HOTELS & RESORTS INC BHR 5.5 PERP b

5.5 CUM CV PFD B · PRIVATE · CUSIP 10482B200

14 institutional holders -3 vs Q1 2023
1,545,4691.5m shares reported held*
$22.3mreported value*
0 new 4 added 6 reduced 3 sold out net sold ≈ $1.0m (-71.4k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $14.41.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 14Q4 22: 18Q1 23: 17Q2 23: 1414Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202214
Q4 202218
Q1 202317
Q2 202314

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q4 22: 9 bought or addedQ4 22: 5 cut or sold outQ4 22Q1 23: 9 bought or addedQ1 23: 6 cut or sold outQ1 23Q2 23: 4 bought or addedQ2 23: 9 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202295
Q1 202396
Q2 202349

Biggest buyers

INFRASTRUCTURE CAPITAL ADVISORS, LLC Added +7,892+7.9k
Janney Montgomery Scott LLC Added +7,350+7.3k
WELLS FARGO & COMPANY/MN Added +3,800+3.8k
LPL Financial LLC Added +1,200+1.2k

Biggest sellers

BlackRock Inc. Reduced -44,188-44.2k
INDEPENDENT FINANCIAL GROUP, LLC Reduced -28,093-28.1k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -10,985-11.0k
FMR LLC Reduced -2,700-2.7k
ROYAL BANK OF CANADA Reduced -2,128-2.1k
Cullen/Frost Bankers, Inc. Sold out -2,100-2.1k
Parallel Advisors, LLC Sold out -1,695-1.7k
UBS Group AG Reduced -1,521-1.5k
LDR Capital Management LLC Reduced -355-355

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.

HolderStakeChangeShares Last filed
INFRASTRUCTURE CAPITAL ADVISORS, LLC 13G · institution +2.4 pts · filed 2026-08-14 21.9% +2.4 pts 674.4k≈ $9.3m 2026-08-14
ZAZOVE ASSOCIATES LLC 13G · institution new · filed 2026-08-14 8.0% new 247.9k≈ $3.4m 2026-08-14

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NEXPOINT ASSET MANAGEMENT, L.P. 1.19% of their portfolio Dallas, TX 565,750565.8k $7.9m $7.9m 1.19% Unchanged
2 INFRASTRUCTURE CAPITAL ADVISORS, LLC 0.80% of their portfolio New York, NY 390,675390.7k $5.5m $5.5m 0.80% Added +7.9k +7,892
3 BlackRock Inc. 0.00% of their portfolio New York, NY 335,545335.5k $4.7m $4.7m 0.00% Reduced -44.2k -44,188
4 LDR Capital Management LLC 1.16% of their portfolio New York, NY 133,530133.5k $1.9m $1.9m 1.16% Reduced -355 -355
5 INDEPENDENT FINANCIAL GROUP, LLC 0.06% of their portfolio SAN DIEGO, CA 60,84060.8k $851.8k $851.8k 0.06% Reduced -28.1k -28,093
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 44,95145.0k $629.0k $629.0k 0.00% Reduced -2.1k -2,128
7 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 32,32532.3k $453.0k $453.0k 0.00% Added +7.3k +7,350
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 12,29412.3k $172.1k $172.1k 0.00% Added +1.2k +1,200
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,5006.5k $91.0k $91.0k 0.00% Added +3.8k +3,800
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,0504.0k $56.7k $56.7k 0.00% Reduced -1.5k -1,521
11 FMR LLC 0.00% of their portfolio BOSTON, MA 2,7002.7k $37.8k $37.8k 0.00% Reduced -2.7k -2,700
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,0711.1k $15.0k $15.0k 0.00% Unchanged
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 189189 $2.7k $2.7k 0.00% Unchanged
14 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged