Research Frontiers
REFR
42 hedge funds and large institutions have $24.5M invested in Research Frontiers in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
75% more capital invested
Capital invested by funds: $13.9M → $24.5M (+$10.5M)
51% more call options, than puts
Call options by funds: $384K | Put options by funds: $255K
14% more funds holding
Funds holding: 37 → 42 (+5)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
+$2.72M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
+$1.15M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$699K |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$324K |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$106K |
| 2 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
-$101K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$59.8K |
| 4 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$59.6K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$40.8K |
REFR Hedge Fund Activity: Q4 2013 in Review
42 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q4 2013, worth a combined $24.5M — up 75% from $13.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new REFR positions and 5 closed out — a net gain of 6 holders — while 10 added to existing stakes and 9 trimmed.
The largest buyer was Harvest Capital Strategies, opening a new position worth an estimated $2.72M. The largest seller was Invesco, cutting an estimated $106K.
- 42 institutional investors held Research Frontiers (REFR) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $24.5M of Research Frontiers stock for Q4 2013, up 75% quarter-over-quarter.
- 11 funds opened new Research Frontiers positions in Q4 2013 and 5 closed out, a net change of +6 holders.
- The largest Research Frontiers buyer in Q4 2013 was Harvest Capital Strategies, an estimated $2.72M added.
- The largest Research Frontiers seller in Q4 2013 was Invesco, an estimated $106K sold.
Based on aggregated 13F filings for Q4 2013.