BRAEMAR HOTELS & RESORTS INC

Ticker: BHR CUSIP: 10482B101 Class: Common Stock

STEVENS CAPITAL MANAGEMENT LP's Holding History (CIK: 0001134813)

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

Q4 2019

Shares 11,850 Value ($000) $106 Avg Close — Range —

Q3 2019

Shares 12,056 Value ($000) $113 Avg Close — Range —

Q2 2019

Shares 15,473 Value ($000) $153 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	11,850	$106	—	—
Q3 2019	12,056	$113	—	—
Q2 2019	15,473	$153	—	—