Research Frontiers
REFR
38 hedge funds and large institutions have $23.6M invested in Research Frontiers in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 4 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
12% more capital invested
Capital invested by funds: $21.1M → $23.6M (+$2.48M)
3% more funds holding
Funds holding: 37 → 38 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
44% less call options, than puts
Call options by funds: $221K | Put options by funds: $398K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$774K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$358K |
| 3 |
GCM
Goldman Capital Management
New York
|
+$322K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$235K |
| 5 |
CIS
Connors Investor Services
Wyomissing,
Pennsylvania
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$147K |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$71.7K |
| 3 |
Morgan Stanley
New York
|
-$7.62K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.51K |
| 5 |
KF
Krilogy Financial
St. Louis,
Missouri
|
-$3K |
REFR Hedge Fund Activity: Q4 2015 in Review
38 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q4 2015, worth a combined $23.6M — up 12% from $21.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new REFR positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 3 trimmed.
The largest buyer was Granite Investment Partners, opening a new position worth an estimated $774K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $147K sold.
- 38 institutional investors held Research Frontiers (REFR) as of Q4 2015, up from 37 in Q3 2015.
- Funds reported $23.6M of Research Frontiers stock for Q4 2015, up 12% quarter-over-quarter.
- 5 funds opened new Research Frontiers positions in Q4 2015 and 4 closed out, a net change of +1 holder.
- The largest Research Frontiers buyer in Q4 2015 was Granite Investment Partners, an estimated $774K added.
- The largest Research Frontiers seller in Q4 2015 was Susquehanna International Group, an estimated $147K sold.
Based on aggregated 13F filings for Q4 2015.