| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| ZAZOVE ASSOCIATES LLC | 9% | $11,890,850 | 6,258,342 | ZAZOVE ASSOCIATES LLC | 31 Dec 2024 | |||
| Blackwells Capital LLC | 6.9% | +18% | $12,547,750 | +$2,028,575 | 4,735,000 | +19% | Jason Aintabi | 23 Dec 2025 |
| BlackRock, Inc. | 6.5% | -22% | $12,148,877 | -$3,335,700 | 4,450,138 | -22% | BlackRock, Inc. | 30 Sep 2025 |
| BlackRock Portfolio Management LLC | 6% | $7,638,310 | 4,020,163 | BlackRock Portfolio Management LLC | 31 Mar 2025 | |||
| Ghassemieh Babak | 3.7% | -2.5% | $6,696,812 | -$51,187 | 2,615,942 | -0.76% | Ghassemieh Babak | 25 Aug 2025 |
As of 31 Dec 2025, 132 institutional investors reported holding 32,667,072 shares of Braemar Hotels & Resorts Inc. - Common Stock, $0.01 par value per share (BHR). This represents 48% of the company’s total 68,623,188 outstanding shares.
The largest institutional shareholders of Braemar Hotels & Resorts Inc. - Common Stock, $0.01 par value per share (BHR) together control 41% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| BlackRock, Inc. | 12% | 8,356,978 | +4.8% | 0% | $23,984,528 |
| VANGUARD GROUP INC | 5.1% | 3,467,966 | +0.33% | 0% | $9,953,063 |
| ZAZOVE ASSOCIATES LLC | 3.5% | 2,432,460 | +7.2% | 0.6% | $6,981,160 |
| LSV ASSET MANAGEMENT | 2.5% | 1,719,381 | 0% | 0.01% | $4,935,000 |
| STATE STREET CORP | 2% | 1,346,048 | -1.7% | 0% | $3,929,099 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 1,328,889 | -3.3% | 0% | $3,814,546 |
| Anson Funds Management LP | 1.8% | 1,217,903 | 0.49% | $3,495,382 | |
| LANDMARK INVESTMENT PARTNERS, L.P. | 1.6% | 1,083,493 | +40% | 2.7% | $3,109,625 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.4% | 971,409 | +18% | 0% | $2,787,944 |
| DIMENSIONAL FUND ADVISORS LP | 1.1% | 782,388 | -0.57% | 0% | $2,245,493 |
| RENAISSANCE TECHNOLOGIES LLC | 1.1% | 728,900 | +0.65% | 0% | $2,091,943 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.7% | 480,000 | 0% | 0% | $1,377,600 |
| IRONWOOD INVESTMENT MANAGEMENT LLC | 0.63% | 431,444 | 0% | 0.52% | $1,238,244 |
| Russell Investments Group, Ltd. | 0.62% | 428,794 | -69% | 0% | $1,230,638 |
| NORTHERN TRUST CORP | 0.62% | 423,182 | -13% | 0% | $1,214,534 |
| PRUDENTIAL FINANCIAL INC | 0.6% | 415,169 | +37% | 0% | $1,191,535 |
| Penserra Capital Management LLC | 0.59% | 408,301 | -23% | 0.01% | $1,171,000 |
| Orvieto Partners, L.P. | 0.48% | 327,502 | 0% | 0.78% | $939,931 |
| MORGAN STANLEY | 0.45% | 311,835 | +29% | 0% | $894,971 |
| D. E. Shaw & Co., Inc. | 0.42% | 285,806 | +56% | 0% | $820,263 |
| GOLDMAN SACHS GROUP INC | 0.39% | 270,226 | +13% | 0% | $775,548 |
| PFG Investments, LLC | 0.29% | 199,609 | -15% | 0.03% | $572,879 |
| UBS Group AG | 0.29% | 198,816 | +477% | 0% | $570,602 |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC | 0.28% | 194,418 | +15% | 0.06% | $557,980 |
| Penn Capital Management Company, LLC | 0.28% | 192,147 | -35% | 0.04% | $551,462 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 32,667,072 | $93,823,500 | -$2,263,232 | $2.87 | 132 |
| 2025 Q3 | 33,654,964 | $91,913,680 | +$5,233,282 | $2.73 | 124 |
| 2025 Q2 | 33,933,150 | $83,207,517 | -$4,212,527 | $2.45 | 108 |
| 2025 Q1 | 33,542,800 | $83,593,197 | -$1,278,246 | $2.49 | 120 |
| 2024 Q4 | 34,079,764 | $102,348,881 | -$2,196,742 | $3.00 | 125 |
| 2024 Q3 | 33,782,003 | $104,472,199 | -$4,839,735 | $3.09 | 115 |
| 2024 Q2 | 35,875,599 | $91,558,805 | -$777,018 | $2.55 | 113 |
| 2024 Q1 | 36,242,455 | $72,565,093 | -$5,605,941 | $2.00 | 103 |
| 2023 Q4 | 38,162,141 | $95,488,208 | -$1,075,232 | $2.50 | 107 |
| 2023 Q3 | 38,077,480 | $105,571,590 | -$10,659,000 | $2.77 | 118 |
| 2023 Q2 | 40,909,556 | $164,537,064 | -$3,495,935 | $4.02 | 120 |
| 2023 Q1 | 44,104,007 | $170,306,961 | -$11,911,906 | $3.86 | 126 |
| 2022 Q4 | 44,698,892 | $183,784,708 | -$10,405,753 | $4.11 | 128 |
| 2022 Q3 | 47,210,828 | $203,004,738 | +$3,749,106 | $4.30 | 133 |
| 2022 Q2 | 46,342,418 | $198,823,869 | +$15,873,048 | $4.29 | 133 |
| 2022 Q1 | 41,983,326 | $259,415,882 | +$14,481,438 | $6.18 | 134 |
| 2021 Q4 | 38,176,197 | $194,576,643 | -$249,724 | $5.10 | 127 |
| 2021 Q3 | 39,736,028 | $192,744,496 | +$7,475,691 | $4.85 | 117 |
| 2021 Q2 | 37,965,097 | $235,759,639 | +$121,952,445 | $6.21 | 113 |
| 2021 Q1 | 18,348,420 | $111,372,730 | +$32,374,561 | $6.07 | 84 |
| 2020 Q4 | 13,121,849 | $60,542,314 | -$8,373,072 | $4.61 | 81 |
| 2020 Q3 | 11,168,178 | $27,922,535 | -$7,174,572 | $2.50 | 72 |
| 2020 Q2 | 14,710,237 | $42,034,494 | -$9,120,118 | $2.86 | 92 |
| 2020 Q1 | 19,645,378 | $33,396,698 | -$24,686,701 | $1.70 | 98 |
| 2019 Q4 | 23,317,554 | $208,321,488 | -$1,328,906 | $8.93 | 124 |
| 2019 Q3 | 23,547,932 | $221,220,252 | -$8,623,078 | $9.39 | 118 |
| 2019 Q2 | 24,422,476 | $242,213,879 | +$1,701,377 | $9.90 | 128 |
| 2019 Q1 | 24,352,854 | $297,449,679 | -$5,203,116 | $12.21 | 134 |
| 2018 Q4 | 24,935,021 | $222,777,089 | -$3,864,376 | $8.93 | 117 |
| 2018 Q3 | 25,067,646 | $294,973,695 | +$12,379,564 | $11.77 | 113 |
| 2018 Q2 | 24,029,320 | $274,584,881 | +$261,534,428 | $11.42 | 113 |
| 2018 Q1 | 1,128,393 | $10,968,000 | +$10,968,000 | $9.72 | 6 |