BHR β€” BRAEMAR HOTELS & RESORTS INC

Ownership history in Advisory Services Network, LLC  Β·  24 quarters on record

This page tracks every 13F SEC filing in which Advisory Services Network, LLC reported a position in BRAEMAR HOTELS & RESORTS INC (BHR). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.03% (2021 Q3)
πŸ“Š Avg. % of fund
0.01%
πŸ“… First filed
2018 Q4
πŸ“… Last filed
2025 Q3
⏱ Quarters held
24

Position Intelligence

Advisory Services Network, LLC Γ— BHR AI Analytics

πŸ“‰ Advisory Services Network, LLC underperformed the S&P 500 by –9.8% annually on this BHR position. Timing score: 53% (10/19 decisions correct). Average cost basis: $4.03. Maximum drawdown during holding period: –82.0%.

πŸ“ˆ Position Alpha vs SPY
-9.8%
annualised excess return

❌ Significantly underperformed the S&P 500 by 9.8% ann.
23 quarters analyzed

⏱️ Timing Score
53%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
10 of 19 add/trim decisions correct

πŸ’° Entry Quality
$4.03
-33.5% vs current ($2.68)

Best entry: $1.35 (2020 Q1)  Β·  Worst: $7.50 (2019 Q2)

πŸ›‘οΈ Drawdown Resilience
–82.0%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
55%
buy-side decisions

11 adds Β· 9 trims. Bought during 5 of 12 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    BHR price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 2,000 -10,500 -84.0% 0.00% $5K $2.68
2024 Q3 UNCHANGED 12,500 β€” 0% 0.00% $32K $2.82
2024 Q2 UNCHANGED 12,500 β€” 0% 0.00% $32K $2.30
2024 Q1 REDUCED 12,500 -1,000 -7.4% 0.00% $25K $1.76
2023 Q4 REDUCED 13,500 -19,000 -58.5% 0.00% $34K $2.15
2023 Q3 ADDED 32,500 +20,000 +160.0% 0.00% $90K $2.34
2023 Q2 UNCHANGED 12,500 β€” 0% 0.00% $50K $3.33
2023 Q1 REDUCED 12,500 -27,500 -68.8% 0.00% $48K $3.16
2022 Q4 REDUCED 40,000 -10,000 -20.0% 0.01% $164K $3.32
2022 Q3 REDUCED 50,000 -16,950 -25.3% 0.01% $215K $3.43
14 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding BHR

As of 2025 Q4 β€” sorted by position size

Worth Venture Partners, LLC 3Y 7Y 2.52% ZAZOVE ASSOCIATES LLC 3Y 7Y 0.6% IRONWOOD INVESTMENT MANAGEMENT LLC 3Y 7Y 0.52% Anson Funds Management LP 3Y 7Y 0.33% Rangeley Capital, LLC 0.18% Odyssean, LLC 0.07% INFRASTRUCTURE CAPITAL ADVISORS, LLC 3Y 7Y 0.05% Accretive Wealth Partners, LLC 3Y 0.05% Penn Capital Management Company, LLC 3Y 7Y 0.04% CAMPBELL CAPITAL MANAGEMENT INC 3Y 7Y 0.03%
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