Renaissance Technologies Llc reports 0.41% increase in ownership of BHR / Braemar Hotels & Resorts Inc.

브래마 호텔 & 리조트 Inc.

US ˙ NYSE ˙ US10482B1017

Security	BHR / Braemar Hotels & Resorts Inc.
Institution	Renaissance Technologies Llc
Manager	James Simons
Latest Disclosed Ownership	731,900 shares
Latest Disclosed Value	$ 1,727,284

On May 14, 2026 - Renaissance Technologies Llc filed a 13F-HR form disclosing ownership of 731,900 shares of Braemar Hotels & Resorts Inc. (US:BHR) valued at $1,727,284 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 728,900 shares of Braemar Hotels & Resorts Inc.. This represents a change in shares of 0.41% during the quarter. The current value of the position is $1,829,750 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-14	2026-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	731,900	3,000	0.41	1,727	-17.41	0.0027
2026-02-12	2025-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	728,900	4,700	0.65	2,092	5.77	0.0032
2025-11-13	2025-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	724,200	14,900	2.10	1,977	13.82	0.0026
2025-08-13	2025-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	709,300	24,600	3.59	1,738	1.94	0.0023
2025-05-14	2025-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	684,700	17,600	2.64	1,705	-14.84	0.0026
2025-02-13	2024-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	667,100	15,100	2.32	2,001	-0.65	0.0030
2024-11-13	2024-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	652,000	72,300	12.47	2,015	36.27	0.0030
2024-08-09	2024-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	579,700	40,100	7.43	1,478	147,700.00	0.0025
2024-05-13	2024-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	539,600	31,000	6.10	1	0.00	0.0017
2024-02-13	2023-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	508,600	16,600	3.37	1	0.00	0.0020
2023-11-14	2023-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	492,000	-131,600	-21.10	1	-50.00	0.0023
2023-08-11	2023-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	623,600	133,850	27.33	3	100.00	0.0036
2023-05-12	2023-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	489,750	64,350	15.13	2	0.00	0.0025
2023-02-13	2022-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	425,400	-284,400	-40.07	2	-99.97	0.0024
2022-11-14	2022-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	709,800	122,700	20.90	3,052	21.16	0.0043
2022-08-12	2022-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	587,100	202,089	52.49	2,519	5.88	0.0030
2022-05-13	2022-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	385,011	239,311	164.25	2,379	220.19	0.0028
2022-02-11	2021-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	145,700	-41,900	-22.33	743	-18.35	0.0009
2021-11-12	2021-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	187,600	-198,553	-51.42	910	-62.05	0.0012
2021-08-13	2021-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	386,153	286,953	289.27	2,398	298.34	0.0030
2021-05-13	2021-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	99,200	23,400	30.87	602	72.49	0.0007
2021-02-10	2020-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	75,800	75,800	-23.59	349	-42.03	0.0004
2020-11-13	2020-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	0	-102,409	-100.00	0	-100.00
2020-08-13	2020-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	102,409	-622,800	-85.88	293	-76.24	0.0003
2020-05-14	2020-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	725,209	235,700	48.15	1,233	-71.79	0.0012
2020-02-13	2019-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	489,509	-35,866	-6.83	4,371	-11.39	0.0034
2019-11-13	2019-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	525,375	-266,800	-33.68	4,933	-37.10	0.0042
2019-08-12	2019-06-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	792,175	17,266	2.23	7,843	-17.11	0.0069
2019-05-14	2019-03-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	774,909	144,259	22.87	9,462	68.00	0.0086
2019-02-12	2018-12-31	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	630,650	-56,284	-8.19	5,632	-30.34	0.0062
2018-11-13	2018-09-30	13F	BRAEMAR HOTELS & RESORTS	COM	10482B101	686,934	121,100	21.40	8,085	25.12	0.0083
2018-08-13	2018-06-30	13F/A-1	BRAEMAR HOTELS & RESORTS	COM	10482B101	565,834	457,400	421.82	6,462	513.09	0.0070
2018-08-13	2018-06-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	108,434	0		1,054		0.0012
2018-05-14	2018-03-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	108,434	-195,400	-64.31	1,054	-64.34	0.0012
2018-02-13	2017-12-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	303,834	-1,900	-0.62	2,956	1.79	0.0033
2017-11-13	2017-09-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	305,734	17,500	6.07	2,904	-2.09	0.0034
2017-08-11	2017-06-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	288,234	199,510	224.87	2,966	215.20	0.0038
2017-05-12	2017-03-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	88,724	-58,792	-39.85	941	-53.28	0.0013
2017-02-13	2016-12-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	147,516	3,134	2.17	2,014	-1.08	0.0032
2016-11-14	2016-09-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	144,382	-79,400	-35.48	2,036	-35.65	0.0036
2016-08-12	2016-06-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	223,782	-115,000	-33.95	3,164	-19.98	0.0060
2016-05-13	2016-03-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	338,782	-66,200	-16.35	3,954	-32.66	0.0075
2016-02-11	2015-12-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	404,982	12,100	3.08	5,872	6.53	0.0128
2015-11-12	2015-09-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	392,882	167,182	74.07	5,512	62.60	0.0132
2015-08-14	2015-06-30	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	225,700	142,500	171.27	3,390	143.01	0.0077
2015-05-13	2015-03-31	13F	ASHFORD HOSPITALITY PRIME IN	COM	044102101	83,200	83,200		1,395		0.0030

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.