BRAEMAR HOTELS & RESORTS INC

Ticker: BHR CUSIP: 10482B101 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
BlackRock, Inc.8,356,978$23,985
VANGUARD GROUP INC3,467,966$9,953
ZAZOVE ASSOCIATES LLC2,432,460$6,981
LSV ASSET MANAGEMENT1,719,381$5
STATE STREET CORP1,346,048$3,929
GEODE CAPITAL MANAGEMENT, LLC1,328,889$3,815
Anson Funds Management LP1,217,903$3,495
LANDMARK INVESTMENT PARTNERS, L.P.1,083,493$3,110
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP971,409$2,788
DIMENSIONAL FUND ADVISORS LP782,388$2,245
RENAISSANCE TECHNOLOGIES LLC728,900$2,092
Universal- Beteiligungs- und Servicegesellschaft mbH480,000$1,378
IRONWOOD INVESTMENT MANAGEMENT LLC431,444$1,238
Russell Investments Group, Ltd.428,794$1,231
NORTHERN TRUST CORP423,182$1,215
PRUDENTIAL FINANCIAL INC415,169$1,192
Penserra Capital Management LLC408,301$1
Orvieto Partners, L.P.327,502$940
MORGAN STANLEY311,835$895
D. E. Shaw & Co., Inc.285,806$820
GOLDMAN SACHS GROUP INC270,226$776
PFG Investments, LLC199,609$573
UBS Group AG198,816$571
INFRASTRUCTURE CAPITAL ADVISORS, LLC194,418$558
Penn Capital Management Company, LLC192,147$551
O'SHAUGHNESSY ASSET MANAGEMENT, LLC191,981$551
Connor, Clark & Lunn Investment Management Ltd.188,865$542
CastleKnight Management LP187,920$539
SEI INVESTMENTS CO181,391$521
GAMCO INVESTORS, INC. ET AL165,300$474
Nuveen, LLC162,292$466
CHARLES SCHWAB INVESTMENT MANAGEMENT INC159,878$459
BARCLAYS PLC157,773$453
Bank of New York Mellon Corp156,712$450
State of New Jersey Common Pension Fund D147,995$425
JACOBS LEVY EQUITY MANAGEMENT, INC146,544$421
RITHOLTZ WEALTH MANAGEMENT135,831$390
GatePass Capital, LLC135,500$389
Lighthouse Investment Partners, LLC130,882$376
Worth Venture Partners, LLC121,400$348
HSBC HOLDINGS PLC107,120$298
BANK OF AMERICA CORP /DE/92,094$264
ALLIANCEBERNSTEIN L.P.83,550$240
ALPS ADVISORS INC81,691$234
RHUMBLINE ADVISERS79,286$228
NOMURA ASSET MANAGEMENT CO LTD78,100$224
Invesco Ltd.76,373$219
AMERIPRISE FINANCIAL INC75,722$217
Rangeley Capital, LLC73,895$212
Asset Management One Co., Ltd.72,540$211
Sowell Financial Services LLC71,397$205
NOESIS CAPITAL MANGEMENT CORP70,000$201
Accretive Wealth Partners, LLC63,230$181
WELLS FARGO & COMPANY/MN61,975$178
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO56,831$163
Sumitomo Mitsui Trust Holdings, Inc.55,322$159
ACADIAN ASSET MANAGEMENT LLC55,211$0
Corient Private Wealth LLC51,490$148
DEUTSCHE BANK AG\46,319$133
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.45,551$130
CITADEL ADVISORS LLC42,538$122
Rockefeller Capital Management L.P.40,914$117
ALGERT GLOBAL LLC39,546$0
CITIGROUP INC38,636$111
Odyssean, LLC36,363$104
PRICE T ROWE ASSOCIATES INC /MD/31,673$0
MILLENNIUM MANAGEMENT LLC30,084$86
CAMPBELL CAPITAL MANAGEMENT INC30,000$86
LPL Financial LLC29,000$83
CANADA PENSION PLAN INVESTMENT BOARD28,300$81
State of Alaska, Department of Revenue26,830$0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.26,280$75
Sessa Capital IM, L.P.25,951$74
SUSQUEHANNA INTERNATIONAL GROUP, LLP25,610$74
INTECH INVESTMENT MANAGEMENT LLC25,566$73
AQR CAPITAL MANAGEMENT LLC25,342$73
JANE STREET GROUP, LLC24,706$71
Resona Asset Management Co.,Ltd.24,123$70
HB Wealth Management, LLC23,295$67
JPMORGAN CHASE & CO22,028$63
Daiwa Securities Group Inc.20,885$0
Quinn Opportunity Partners LLC20,000$57
RAYMOND JAMES FINANCIAL INC20,000$57
Police & Firemen's Retirement System of New Jersey18,350$53
NewEdge Advisors, LLC18,197$52
NEW YORK STATE COMMON RETIREMENT FUND17,948$52
MANUFACTURERS LIFE INSURANCE COMPANY, THE17,124$49
Global Retirement Partners, LLC15,000$43
FRANKLIN RESOURCES INC14,767$42
TWO SIGMA ADVISERS, LP14,583$42
XTX Topco Ltd14,364$41
NEUBERGER BERMAN GROUP LLC13,756$39
Verition Fund Management LLC13,479$39
MARSHALL WACE, LLP13,233$38
BNP PARIBAS ARBITRAGE, SA12,710$36
STRS OHIO12,700$36
Voya Investment Management LLC12,697$36
Beverly Hills Private Wealth, LLC11,131$32
Cornerstone Wealth Management, LLC11,000$32
Quadrature Capital Ltd10,317$30
33 other institutions104,141$260
Total (133 institutions)32,774,192$87,484