Braemar Hotels & Resorts Inc.
US ˙ NYSE ˙ US10482B1017

SecurityBHR / Braemar Hotels & Resorts Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership286,704 shares
Latest Disclosed Value $ 676,624
Morgan Stanley reports 8.06% decrease in ownership of BHR / Braemar Hotels & Resorts Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 286,704 shares of Braemar Hotels & Resorts Inc. (US:BHR) valued at $676,621 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 311,835 shares of Braemar Hotels & Resorts Inc.. This represents a change in shares of -8.06% during the quarter. The current value of the position is $711,026 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.

Upgrade to unlock premium data and export to Excel .

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 286,704 -25,131 -8.06 677 -24.38 0.0000
2026-05-27 2025-12-31 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 311,835 69,559 28.71 895 35.25 0.0001
2026-02-13 2025-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 311,835 69,559 895 0.0001
2026-05-27 2025-09-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 242,276 -29,430 -10.83 661 -0.60 0.0000
2025-11-14 2025-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 242,276 -29,430 661 0.0000
2025-08-15 2025-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 271,706 -90,314 -24.95 666 -26.19 0.0000
2025-05-15 2025-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 362,020 -106,072 -22.66 901 -35.83 0.0001
2025-05-15 2024-12-31 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 468,092 -174,996 -27.21 1,404 -29.34 0.0001
2025-02-14 2024-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 468,092 -174,996 1,404 0.0001
2025-05-14 2024-09-30 13F/A-2 BRAEMAR HOTELS & RESORTS COM 10482B101 643,088 180,944 39.15 1,987 68.68 0.0001
2025-02-14 2024-09-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 643,088 180,944 1,987 0.0001
2024-11-14 2024-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 643,088 180,944 1,987 0.0000
2025-05-14 2024-06-30 13F/A-2 BRAEMAR HOTELS & RESORTS COM 10482B101 462,144 654 0.14 1,178 27.77 0.0001
2024-10-17 2024-06-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 462,144 654 1,178 0.0001
2024-08-14 2024-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 462,144 654 1,178 0.0001
2024-10-17 2024-03-31 13F/A-2 BRAEMAR HOTELS & RESORTS COM 10482B101 461,490 -238,398 -34.06 923 -47.28 0.0001
2024-08-16 2024-03-31 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 461,490 -238,398 923 0.0000
2024-05-15 2024-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 461,490 -238,398 923 0.0001
2024-08-16 2023-12-31 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 699,888 28,352 4.22 1,750 -5.97 0.0002
2024-02-13 2023-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 699,888 28,352 1,750 0.0002
2023-11-15 2023-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 671,536 540,455 412.31 1,860 253.61 0.0002
2023-08-14 2023-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 131,081 -64,320 -32.92 527 -30.24 0.0001
2023-05-15 2023-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 195,401 -60,791 -23.73 754 -28.33 0.0001
2023-02-14 2022-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 256,192 -85,737 -25.07 1,053 -28.48 0.0001
2022-11-14 2022-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 341,929 -63,938 -15.75 1,471 -15.51 0.0002
2022-10-27 2022-06-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 405,867 326,765 413.09 1,741 256.03 0.0002
2022-08-15 2022-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 405,867 326,765 1,741 0.0000
2022-10-27 2022-03-31 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 79,102 4,568 6.13 489 28.68 0.0001
2022-05-13 2022-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 79,102 4,568 489 0.0001
2022-02-14 2021-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 74,534 -45,854 -38.09 380 -34.82 0.0000
2021-11-15 2021-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 120,388 -274,344 -69.50 583 -76.21 0.0001
2021-08-23 2021-06-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 394,732 340,845 632.52 2,451 651.84 0.0003
2021-08-16 2021-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 394,732 340,845 2,451 0.0001
2021-05-17 2021-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 53,887 -16,971 -23.95 326 -0.31 0.0000
2021-02-16 2020-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 70,858 44,110 164.91 327 388.06 0.0001
2020-11-13 2020-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 26,748 -201,843 -88.30 67 -89.77 0.0000
2020-08-14 2020-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 228,591 -40,924 -15.18 655 43.01 0.0001
2020-05-26 2020-03-31 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 269,515 48,658 22.03 458 -76.77 0.0001
2020-05-15 2020-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 269,515 269,193 458 35.1839
2020-02-14 2019-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 220,857 75,904 52.36 1,972 44.89 0.0005
2019-11-14 2019-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 144,953 93,966 184.29 1,361 170.04 0.0004
2019-08-14 2019-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 50,987 -710 -1.37 504 -20.00 0.0001
2019-05-15 2019-03-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 51,697 -79,042 -60.46 630 -46.06 0.0002
2019-02-14 2018-12-31 13F BRAEMAR HOTELS & RESORTS COM 10482B101 130,739 65,145 99.32 1,168 51.30 0.0003
2019-04-23 2018-09-30 13F/A-2 BRAEMAR HOTELS & RESORTS COM 10482B101 65,594 -103,689 -61.25 772 -60.08 0.0002
2018-11-20 2018-09-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 65,594 0 772 0.0002
2018-11-14 2018-09-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 65,594 -103,689 772
2019-04-23 2018-06-30 13F/A-1 BRAEMAR HOTELS & RESORTS COM 10482B101 169,283 146,177 632.64 1,934 331.70 0.0005
2018-08-14 2018-06-30 13F BRAEMAR HOTELS & RESORTS COM 10482B101 169,283 1,934
2019-04-23 2018-03-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 23,106 3,212 16.15 448 12.28 0.0001
2019-04-23 2018-03-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN COM 044102101 349,019 104,242 3,393 0.0009
2018-05-14 2018-03-31 13F ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 23,106 -325,913 448
2018-05-14 2018-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 349,019 329,125 3,393
2019-04-23 2017-12-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 19,894 17,977 937.77 399 923.08 0.0001
2019-04-23 2017-12-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN COM 044102101 244,777 56,102 2,382 0.0007
2018-02-14 2017-12-31 13F ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 19,894 -224,883 399
2018-02-14 2017-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 244,777 242,860 2,382
2017-11-14 2017-09-30 13F ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 1,917 1,113 138.43 39 143.75 0.0000
2017-11-14 2017-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 188,675 116,282 1,792 0.0005
2017-08-11 2017-06-30 13F ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 804 -2,326 -74.31 16 -74.19 0.0000
2017-08-11 2017-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 72,393 -61,236 744 0.0002
2017-05-22 2017-03-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 3,130 -83,254 -96.38 62 -94.74 0.0000
2017-05-22 2017-03-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN COM 044102101 133,629 47,245 1,418 0.0004
2017-05-12 2017-03-31 13F ASHFORD HOSPITALITY PRIME IN PFD CV SER B 044102507 3,130 62
2017-05-12 2017-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 133,629 1,418
2017-02-22 2016-12-31 13F/A-1 ASHFORD HOSPITALITY PRIME IN COM 044102101 86,384 79,967 1,246.17 1,179 1,210.00 0.0004
2017-02-13 2016-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 86,384 1,179
2016-11-10 2016-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 6,417 -17,001 -72.60 90 -72.73 0.0000
2016-08-12 2016-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 23,418 22,058 1,621.91 330 1,962.50 0.0001
2016-05-12 2016-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 1,360 -162,043 -99.17 16 -99.32 0.0000
2016-02-09 2015-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 163,403 -45,084 -21.62 2,370 -18.95 0.0009
2016-02-08 2015-09-30 13F/A-1 ASHFORD HOSPITALITY PRIME IN COM 044102101 208,487 185,961 825.54 2,924 765.09 0.0011
2015-11-09 2015-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 208,487 2,924
2015-08-12 2015-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 22,526 -14,446 -39.07 338 -45.48 0.0001
2015-05-14 2015-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 36,972 6,535 21.47 620 18.77 0.0002
2015-02-13 2014-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 30,437 -38,034 -55.55 522 -49.90 0.0002
2014-12-16 2014-09-30 13F/A-1 ASHFORD HOSPITALITY PRIME IN COM 044102101 68,471 -85,441 -55.51 1,042 -60.55 0.0004
2014-11-14 2014-09-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 68,471 1,042
2014-08-12 2014-06-30 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 153,912 -461,138 -74.98 2,641 -71.60 0.0045
2014-05-13 2014-03-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 615,050 -596,139 -49.22 9,299 -57.81 0.0039
2014-02-13 2013-12-31 13F ASHFORD HOSPITALITY PRIME IN COM 044102101 1,211,189 1,211,189 22,043 0.0094
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.