Braemar Hotels & Resorts
BHR on NYSE. Market value $106m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
1 long-term investor we follow owns it, down from 2 last quarter. 128 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $4m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $4m | <0.1% |
Sold out this quarter
- GAMCO InvestorsMario GabelliSold out
Largest holders overall
- BlackRock$19mAdded
- Vanguard Capital Management$6m
- Zazove Associates$5mCut
- LSV Asset Management$4m
- Geode Capital Management$3mAdded
- State Street$3mCut
- Arrowstreet Capital, Limited Partnership$2mAdded
- Landmark Investment Partners, L.P.$2mCut
- Marshall Wace, LLP$2mAdded
- Renaissance Technologies$2mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
8 investors own more than 5%; 2 of them are pushing for change.
- Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust IPassive investorat least 21.9%+2.4 pts(filed with 2 related holders)Since 30 June 2026
- VIRTUS INFRACAP U.S. PREFERRED STOCK ETF, A SERIES OF ETFIS SERIES TRUST 1Passive investor12.5%Since 31 December 2024
- Al Shams Investments LTDActivistWants board seatsat least 9.5%0.0 pts(filed with 6 related holders)Since 13 September 2026
What they said
Item 4 is hereby amended to add the following: On September 13, 2026, ASIL delivered a notice of nomination (the "Nomination Notice") to the Issuer by email nominating a slate of five highly qualified director candidates--Jennifer L. Bitterman, Jonathan Klein, Anna Massion, Sir…
Read the filing - Wafic Rida SaidActivistWants board seats9.5%−0.1 ptsSince 8 September 2026
What they said
Item 4 is hereby amended to add the following: On September 8, 2026, the Reporting Persons issued a press release regarding an open letter (the "September 8, 2026 Letter") to the Issuer's shareholders. In the September 8, 2026 Letter, the Reporting Persons reiterated their…
Read the filing - BlackRock, Inc.Passive investor7.5%+1.0 ptsSince 30 June 2026
- Jason AintabiPassive investorat least 6.9%+1.1 pts(filed with 5 related holders)Since 23 December 2025
- BlackRock Portfolio Management LLCPassive investor6.0%Since 31 March 2025
- Ghassemieh Babakat least 3.6%−0.1 pts(filed with 28 related holders)Since 13 March 2026
What they said
Item 4 is hereby amended to add the following: On March 13, 2026, the Issuer notified Mr. Bob Ghassemieh that it had filed a lawsuit in the United States District Court for the District of Maryland (the "Issuer Complaint") against the Reporting Persons and certain other third…
Read the filing - Zazove Associates, Inc.Passive investorSold down below 5%Since 31 July 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- InfraCap Equity Income Fund ETF, a series of Series Portfolios TrustPassive investorSold down below 5%Since 30 September 2025
- Samuel J. JaggerSold down below 5%Since 25 August 2025
What they said
Item 4 is hereby amended to add the following: On August 25, 2025, the Reporting Persons entered into a cooperation agreement (the "Cooperation Agreement") with the Issuer, Ashford Inc. ("Ashford"), and Ashford Hospitality Trust, Inc. (collectively, the "Company Group") pursuant…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I Passive investor | at least 21.9%+2.4 pts (filed with 2 related holders) | 30 June 2026 | |
VIRTUS INFRACAP U.S. PREFERRED STOCK ETF, A SERIES OF ETFIS SERIES TRUST 1 Passive investor | 12.5% | 31 December 2024 | |
Al Shams Investments LTD Activist Wants board seats | at least 9.5%0.0 pts (filed with 6 related holders) | 13 September 2026 | What they saidItem 4 is hereby amended to add the following: On September 13, 2026, ASIL delivered a notice of nomination (the "Nomination Notice") to the Issuer by email nominating a slate of five highly qualified director candidates--Jennifer L. Bitterman, Jonathan Klein, Anna Massion, Sir… Read the filing |
Wafic Rida Said Activist Wants board seats | 9.5%−0.1 pts | 8 September 2026 | What they saidItem 4 is hereby amended to add the following: On September 8, 2026, the Reporting Persons issued a press release regarding an open letter (the "September 8, 2026 Letter") to the Issuer's shareholders. In the September 8, 2026 Letter, the Reporting Persons reiterated their… Read the filing |
BlackRock, Inc. Passive investor | 7.5%+1.0 pts | 30 June 2026 | |
Jason Aintabi Passive investor | at least 6.9%+1.1 pts (filed with 5 related holders) | 23 December 2025 | |
BlackRock Portfolio Management LLC Passive investor | 6.0% | 31 March 2025 | |
Ghassemieh Babak | at least 3.6%−0.1 pts (filed with 28 related holders) | 13 March 2026 | What they saidItem 4 is hereby amended to add the following: On March 13, 2026, the Issuer notified Mr. Bob Ghassemieh that it had filed a lawsuit in the United States District Court for the District of Maryland (the "Issuer Complaint") against the Reporting Persons and certain other third… Read the filing |
Zazove Associates, Inc. Passive investor | Sold down below 5% | 31 July 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust Passive investor | Sold down below 5% | 30 September 2025 | |
Samuel J. Jagger | Sold down below 5% | 25 August 2025 | What they saidItem 4 is hereby amended to add the following: On August 25, 2025, the Reporting Persons entered into a cooperation agreement (the "Cooperation Agreement") with the Issuer, Ashford Inc. ("Ashford"), and Ashford Hospitality Trust, Inc. (collectively, the "Company Group") pursuant… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 12 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 24 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.