Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Braemar Hotels & Resorts Inc (BHR)

133 + Investors. Track Smart Money conviction in BHR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
3Q ▲
Buyers last Q
52%

Smart Money Signals — BHR

Based on 135 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added BHR than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
135 hedge funds hold BHR right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

65 buying60 selling
Last quarter: 65 funds bought or added vs 60 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~21 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 29 → 23 → 21. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 20% medium ■ 21% new
79 out of 135 hedge funds have held BHR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +5%, value -12%

Value
-11%
Shares
+4%
Last quarter: funds added +5% more shares while total portfolio value only changed -12%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

16 → 9 → 29 → 23 → 21 new funds/Q
New funds entering each quarter: 9 → 29 → 23 → 21. A growing number of institutions are discovering BHR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 24% newcomers

■ 66% veterans ■ 10% 1-2yr ■ 24% new
Entry-cohort mix of 135 holders: 89 (66%) are 2+ year veterans, 13 entered 1–2 years ago, and 33 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
39 of 135 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BHR

In 2026 Q1, 65 hedge funds were net buyers of BHR (21 opened a new position, 44 added to an existing one), while 60 reduced or exited (40 trimmed, 20 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 22% of total institutional value in BHR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 135.

Hedge Fund Ownership: BHR

How many hedge funds hold BHR — quarterly history vs. share price
Quarterly hedge fund ownership of BHR vs. share price

Market Analysis: BHR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BHR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Braemar Hotels & Resorts Inc (BHR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BHR has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
BHR
nan%
XLRE
+7.7%

BHR outperformed XLRE by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
BHR
nan%
XLRE
+1.7%

Since the filing became public, BHR outperformed XLRE by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: BHR
133 + Investors

Track Smart Money conviction in BHR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 133 134 -0.75%
13F Shares 32M 33M -2.42%
Total Value $77M $95M -18.89%
New Positions 20 23 -3
Increased Positions 42 41 +1
Closed Positions 21 13 +8
Reduced Positions 41 40 +1
Total Calls 0 2 -100.0%
Total Puts 0 3 -100.0%
PUT/CALL Ratio 0.0 1.5 Bullish

Statistics: BHR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

133 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BHR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BHR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Landmark Investment Partners, L.P. 1.93% 1,139,798 $2.7M
2 Worth Venture Partners, LLC 1.06% 141,700 $334K
3 Zazove Associates LLC 0.60% 2,432,460 $7.0M
4 Rangeley Capital, LLC 0.51% 222,000 $524K
5 Ironwood Investment Management LLC 0.42% 431,444 $1.0M
6 Anson Funds Management LP 0.37% 1,808,219 $4.3M
7 Orvieto Partners, L.P. 0.30% 149,380 $353K
8 GatePass Capital, LLC 0.14% 125,000 $295K
9 Penn Capital Management Company, LLC 0.05% 252,026 $595K
10 Infrastructure Capital Advisors, LLC 0.04% 224,658 $530K
11 Accretive Wealth Partners, LLC 0.03% 41,500 $98K
12 Noesis Capital Mangement Corp 0.02% 70,000 $165K
13 Odyssean, LLC 0.02% 26,358 $62K
14 PFG Investments, LLC 0.02% 171,270 $404K
15 FJ Capital Management LLC 0.01% 41,436 $98K
16 CastleKnight Management LP 0.01% 187,920 $443K
17 JBF Capital, Inc. 0.01% 19,903 $47K
18 NJ State Employees Deferred Compensation Plan 0.01% 21,300 $58K
19 Ritholtz Wealth Management 0.01% 152,331 $360K
20 Sowell Financial Services LLC 0.01% 69,897 $165K
21 NINE MASTS CAPITAL Ltd 0.01% 14,784 $35K
22 XTX Topco Ltd 0.00% 112,732 $266K
23 Beverly Hills Private Wealth, LLC 0.00% 11,131 $26K
24 Jacobs Levy Equity Management, Inc 0.00% 392,817 $927K
25 Gamco Investors, INC. Et Al 0.00% 165,300 $390K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Braemar Hotels & Resorts Inc (BHR)

What does the Smart Money Trend signal show for BHR?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added BHR than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BHR?

Slight buying edge — 52% buying: Last quarter: 65 funds bought or added vs 60 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BHR holders?

Strong quality — 22% AUM from major funds: 39 of 135 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BHR?

59% of holders stayed for 2+ years: 79 out of 135 hedge funds have held BHR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Braemar Hotels & Resorts Inc (BHR) following the 2026 Q1 hedge fund 13F filings?

As of today, BHR has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), BHR has gained nan% vs +7.7% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →