Braemar Hotels & Resorts Inc.
US ˙ NYSE ˙ US10482B1017

SecurityBHR / Braemar Hotels & Resorts Inc.
InstitutionD. E. Shaw & Co., Inc.
ManagerDE Shaw
Latest Disclosed Ownership240,497 shares
Latest Disclosed Value $ 567,573
D. E. Shaw & Co., Inc. reports 15.85% decrease in ownership of BHR / Braemar Hotels & Resorts Inc.

On May 15, 2026 - D. E. Shaw & Co., Inc. filed a 13F-HR form disclosing ownership of 240,497 shares of Braemar Hotels & Resorts Inc. (US:BHR) valued at $567,573 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 285,806 shares of Braemar Hotels & Resorts Inc.. This represents a change in shares of -15.85% during the quarter. The current value of the position is $589,218 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 240,497 -45,309 -15.85 568 -30.85 0.0003
2026-02-17 2025-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 285,806 102,351 55.79 820 64.00 0.0004
2025-11-14 2025-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 183,455 165,702 933.37 501 1,062.79 0.0003
2025-08-14 2025-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 17,753 17,753 43 0.0000
2024-05-15 2024-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 0 -26,108 -100.00 0 -100.00
2024-02-14 2023-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 26,108 -6,619 -20.22 65 -27.78 0.0001
2023-11-14 2023-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 32,727 32,727 91 0.0001
2023-08-14 2023-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 0 -26,876 -100.00 0 -100.00
2023-05-15 2023-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 26,876 -54,908 -67.14 104 -69.35 0.0001
2023-02-14 2022-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 81,784 -199,268 -70.90 336 -72.21 0.0004
2022-11-14 2022-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 281,052 -85,588 -23.34 1,209 -23.14 0.0014
2022-08-15 2022-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 366,640 -21,993 -5.66 1,573 -34.51 0.0018
2022-05-16 2022-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 388,633 73,228 23.22 2,402 49.29 0.0022
2022-02-14 2021-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 315,405 -82,394 -20.71 1,609 -16.59 0.0013
2021-11-15 2021-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 397,799 -201,597 -33.63 1,929 -48.17 0.0017
2021-08-16 2021-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 599,396 484,532 421.83 3,722 434.00 0.0032
2021-05-17 2021-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 114,864 -201,930 -63.74 697 -52.26 0.0007
2021-02-16 2020-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 316,794 155,008 95.81 1,460 261.39 0.0013
2020-11-16 2020-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 161,786 139,896 639.09 404 541.27 0.0004
2020-08-14 2020-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 21,890 -60,776 -73.52 63 -55.32 0.0001
2020-05-15 2020-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 82,666 54,598 194.52 141 -43.82 0.0002
2020-02-14 2019-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 28,068 28,068 251 0.0003
2019-11-14 2019-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 0 -10,575 -100.00 0 -100.00
2019-08-14 2019-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 10,575 10,575 105 0.0001
2018-11-14 2018-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 0 -46,458 -100.00 0 -100.00
2018-08-14 2018-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 46,458 -28,938 -38.38 531 -27.56 0.0007
2018-05-15 2018-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 75,396 -60,308 -44.44 733 -44.47 0.0010
2018-02-14 2017-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 135,704 12,777 10.39 1,320 13.01 0.0018
2017-11-14 2017-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 122,927 -81,553 -39.88 1,168 -44.49 0.0018
2017-08-14 2017-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 204,480 147,143 256.63 2,104 246.05 0.0035
2017-05-15 2017-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 57,337 57,337 608 0.0011
2016-11-14 2016-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 0 -23,500 -100.00 0 -100.00
2016-08-15 2016-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 23,500 -214 -0.90 332 19.86 0.0006
2016-05-16 2016-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 23,714 -1,983 -7.72 277 -25.74 0.0005
2016-02-16 2015-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 25,697 5,217 25.47 373 29.97 0.0006
2015-11-16 2015-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 20,480 -73,491 -78.21 287 -79.66 0.0004
2015-08-14 2015-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 93,971 6,608 7.56 1,411 -3.69 0.0021
2015-05-15 2015-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 87,363 -14,954 -14.62 1,465 -16.57 0.0022
2015-02-17 2014-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 102,317 14,833 16.96 1,756 31.83 0.0023
2014-11-14 2014-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 87,484 -61,051 -41.10 1,332 -47.72 0.0017
2014-08-14 2014-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 148,535 37,054 33.24 2,548 51.22 0.0035
2014-05-15 2014-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 111,481 49,522 79.93 1,685 49.38 0.0024
2014-02-14 2013-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 61,959 61,959 1,128 0.0015
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.