Research Frontiers
REFR
35 hedge funds and large institutions have $21.5M invested in Research Frontiers in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 7 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
31% more call options, than puts
Call options by funds: $211K | Put options by funds: $161K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 38 → 35 (-3)
16% less capital invested
Capital invested by funds: $25.5M → $21.5M (-$3.98M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$730K |
| 2 |
GCM
Goldman Capital Management
New York
|
+$194K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$194K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$88.1K |
| 5 |
JP Morgan Chase
New York
|
+$71.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$155K |
| 2 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$87K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$84K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$78K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$75.2K |
REFR Hedge Fund Activity: Q2 2015 in Review
35 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q2 2015, worth a combined $21.5M — down 16% from $25.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of REFR and 4 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 13 added.
The largest buyer was Fidelity Investments, adding an estimated $730K. The largest seller was Dimensional Fund Advisors, exiting entirely with an estimated $155K sold.
- 35 institutional investors held Research Frontiers (REFR) as of Q2 2015, down from 38 in Q1 2015.
- Funds reported $21.5M of Research Frontiers stock for Q2 2015, down 16% quarter-over-quarter.
- 4 funds opened new Research Frontiers positions in Q2 2015 and 7 closed out, a net change of -3 holders.
- The largest Research Frontiers buyer in Q2 2015 was Fidelity Investments, an estimated $730K added.
- The largest Research Frontiers seller in Q2 2015 was Dimensional Fund Advisors, an estimated $155K sold.
Based on aggregated 13F filings for Q2 2015.