Braemar Hotels & Resorts Inc. - Common Stock, $0.01 par value per share (BHR)

Historical Holders from Q1 2018 to Q4 2025

Type / Class: Equity / Common Stock, $0.01 par value per share
Symbol: BHR on NYSE
Underlying class: Common Stock
Shares outstanding: 68,623,188
Price per share: $3.00
All holders as of 30 Sep 2025: Q3 2025
Total 13F shares as of 30 Sep 2025: 33,654,964
Total reported value: $91,913,680
% of total 13F portfolios: 0%
Share change: +1,804,438
Value change: +$5,233,279
Avg buy value change: +0%
Avg sell value change: -0%
Number of holders: 124
Price from insider filings: $2.49

Reported Shares, Excluding Options vs Price

Reported Value, Excluding Options

Total Investors

Significant Owners of Braemar Hotels & Resorts Inc. - Common Stock, $0.01 par value per share (BHR) based on Schedule 13D/G filings

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 30 Sep 2025, Braemar Hotels & Resorts Inc. - Common Stock, $0.01 par value per share (BHR) has 124 institutional shareholders filing 13F forms. They hold 33,654,964 shares. of 68,623,188 outstanding shares (49%) .

Top 25 institutional shareholders own 43% of the company.

Filer	Ownership	Nb Shares	Share Change %	Portfolio %	Holdings Value
BlackRock, Inc.	12%	7,970,996	-9.8%	0%	$21,760,819
VANGUARD GROUP INC	5%	3,456,675	+0.39%	0%	$9,436,723
Davidson Kempner Capital Management LP	3.4%	2,300,700	0%	0.12%	$6,280,911
ZAZOVE ASSOCIATES LLC	3.3%	2,269,263	+8.6%	0.56%	$6,195,088
LSV ASSET MANAGEMENT	2.5%	1,719,381	-7.4%	0.01%	$4,694,000
Russell Investments Group, Ltd.	2%	1,390,521	+21%	0%	$3,796,120
GEODE CAPITAL MANAGEMENT, LLC	2%	1,374,526	-0.13%	0%	$3,753,090
STATE STREET CORP	2%	1,369,872	+3.7%	0%	$3,806,816
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	1.2%	822,847	+121%	0%	$2,246,372
DIMENSIONAL FUND ADVISORS LP	1.1%	786,880	+7.6%	0%	$2,148,248
LANDMARK INVESTMENT PARTNERS, L.P.	1.1%	773,000		1.7%	$2,110,290
RENAISSANCE TECHNOLOGIES LLC	1.1%	724,200	+2.1%	0%	$1,977,066
Penserra Capital Management LLC	0.77%	530,825	+3.5%	0.02%	$1,449,000
NORTHERN TRUST CORP	0.71%	487,094	-3.6%	0%	$1,329,767
Universal- Beteiligungs- und Servicegesellschaft mbH	0.7%	480,000	0%	0%	$1,310,400
MILLENNIUM MANAGEMENT LLC	0.68%	466,672	+632%	0%	$1,274,015
IRONWOOD INVESTMENT MANAGEMENT LLC	0.63%	431,444	+7.2%	0.51%	$1,177,842
Orvieto Partners, L.P.	0.48%	327,502	-36%	0.76%	$894,080
PRUDENTIAL FINANCIAL INC	0.44%	302,122	+42%	0%	$824,793
Penn Capital Management Company, LLC	0.43%	294,343		0.06%	$803,556
JANE STREET GROUP, LLC	0.38%	259,543		0%	$708,553
MORGAN STANLEY	0.35%	242,276	-11%	0%	$661,416
GOLDMAN SACHS GROUP INC	0.35%	239,060	+87%	0%	$652,633
PFG Investments, LLC	0.34%	235,427	+217%	0.03%	$642,717
CastleKnight Management LP	0.27%	187,920	0%	0.03%	$513,022

Institutional Holders of Braemar Hotels & Resorts Inc. - Common Stock, $0.01 par value per share (BHR) across Reporting Periods

Period	Reported Shares, Excl. Options	Value, Excl. Options	Value Change	Puts Notional Value	Calls Notional Value	Price (% of par)	Investors
2025 Q4	6	$18	+$18			300%	1
2025 Q3	33,654,964	$91,913,680	+$5,233,279	$0	$0	273%	124
2025 Q2	33,933,150	$83,207,517	-$4,212,549	$52,675	$153,125	245%	108
2025 Q1	33,542,800	$83,593,506	-$1,278,260	$105,327	$125,745	249%	120
2024 Q4	33,992,257	$102,087,274	-$2,199,762	$7,800	$333,900	300%	124
2024 Q3	33,782,003	$104,471,740	-$4,839,744	$144,921	$265,740	309%	116
2024 Q2	35,850,987	$91,497,598	-$776,998	$194,565	$4,845	255%	112
2024 Q1	36,242,456	$72,565,125	-$5,129,179	$66,600	$2,600	200%	103
2023 Q4	28,682	$71,705				250%	1
2023 Q3	37,124,999	$102,933,524	-$12,164,578	$287,249	$91,964	277%	116
2023 Q2	40,909,556	$164,537,082	-$3,495,841	$12,060	$110,952	402%	120
2023 Q1	44,103,987	$170,306,481	-$12,104,486	$33,196	$156,716	386%	125
2022 Q4	44,673,879	$183,681,561	-$10,407,213	$59,184	$332,910	411%	126
2022 Q3	47,185,815	$202,897,352	+$3,746,768	$214,000	$544,000	429.98%	131
2022 Q2	45,698,685	$196,063,144	+$14,720,802		$604,000	429%	129
2022 Q1	41,983,306	$259,415,320	+$14,481,438	$0	$704,000	617.99%	133
2021 Q4	38,044,307	$193,904,431	-$32,053	$109,000	$545,000	509.99%	124
2021 Q3	39,692,367	$192,539,264	+$7,441,063	$74,000	$136,000	485%	115
2021 Q2	37,965,524	$235,762,515	+$117,387,095	$293,000	$221,000	621%	115
2021 Q1	18,348,737	$111,374,609	+$32,376,806	$422,000	$416,000	606.98%	83
2020 Q4	13,121,823	$60,541,222	-$8,097,111	$434,000	$469,000	460.99%	79
2020 Q3	10,882,990	$27,209,485	-$6,109,834	$360,000	$47,000	250.09%	69
2020 Q2	14,360,696	$41,034,437	-$9,000,383	$153,000	$52,000	285.96%	87
2020 Q1	16,872,459	$28,682,664	-$24,778,328	$64,000	$27,000	170%	94
2019 Q4	20,908,596	$186,809,309	-$1,258,827	$134,000	$653,000	892.97%	121
2019 Q3	21,115,508	$198,381,064	-$4,924,554	$707,000	$634,000	938.97%	114
2019 Q2	21,918,560	$217,425,681	+$3,449,770	$181,000	$4,580,000	990.01%	126
2019 Q1	24,302,954	$296,841,435	-$5,433,493	$0	$3,502,000	1,221.03%	131
2018 Q4	22,561,741	$201,583,910	-$4,765,483	$1,397,000	$128,000	892.98%	115
2018 Q3	24,976,338	$293,899,400	+$11,305,874	$1,033,000	$155,000	1,177.05%	111
2018 Q2	23,664,849	$270,236,625	+$257,186,070	$794,000	$3,728,000	1,142%	110
2018 Q1	1,128,393	$10,968,000	+$10,967,985			972.03%	6