Research Frontiers
REFR
45 hedge funds and large institutions have $22.4M invested in Research Frontiers in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 3 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 6
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
66% more call options, than puts
Call options by funds: $271K | Put options by funds: $163K
7% more funds holding
Funds holding: 42 → 45 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less capital invested
Capital invested by funds: $24.5M → $22.4M (-$2.03M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Goldman Capital Management
New York
|
+$1.05M |
| 2 |
Morgan Stanley
New York
|
+$424K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$286K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$203K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$195K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$633K |
| 2 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$137K |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$137K |
| 4 |
Renaissance Technologies
New York
|
-$98K |
| 5 |
TAM
Telluride Asset Management
Wayzata,
Minnesota
|
-$94K |
REFR Hedge Fund Activity: Q1 2014 in Review
45 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q1 2014, worth a combined $22.4M — down 8.3% from $24.5M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new REFR positions and 3 closed out — a net gain of 3 holders — while 16 added to existing stakes and 6 trimmed.
The largest buyer was Goldman Capital Management, adding an estimated $1.05M. The largest seller was Invesco, exiting entirely with an estimated $633K sold.
- 45 institutional investors held Research Frontiers (REFR) as of Q1 2014, up from 42 in Q4 2013.
- Funds reported $22.4M of Research Frontiers stock for Q1 2014, down 8.3% quarter-over-quarter.
- 6 funds opened new Research Frontiers positions in Q1 2014 and 3 closed out, a net change of +3 holders.
- The largest Research Frontiers buyer in Q1 2014 was Goldman Capital Management, an estimated $1.05M added.
- The largest Research Frontiers seller in Q1 2014 was Invesco, an estimated $633K sold.
Based on aggregated 13F filings for Q1 2014.