Research Frontiers
REFR
33 hedge funds and large institutions have $5.42M invested in Research Frontiers in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 32 → 33 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.05% less ownership
Funds ownership: 19.54% → 17.49% (-2.1%)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
18% less capital invested
Capital invested by funds: $6.58M → $5.42M (-$1.16M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$14.5K |
| 2 |
Group One Trading
Chicago,
Illinois
|
+$9.89K |
| 3 |
SRC
Shufro Rose & Co
New York
|
+$2.76K |
| 4 |
ISL
Ingalls & Snyder LLC
New York
|
+$1.13K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$953 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$472K |
| 2 |
GCM
Goldman Capital Management
New York
|
-$87.3K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$62.1K |
| 4 |
BlackRock
New York
|
-$43.7K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$26K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $8K | – | – | – |
|
27
Bank of America
Charlotte,
North Carolina
| $3K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $3K | +$682 | +543 | +26% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $3K | +$953 | +759 | +42% |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | +$879 | +700 | New |
|
|
NA
31
NewEdge Advisors
New Orleans,
Louisiana
| $492 | +$502 | +400 | New |
|
|
32
Fidelity Investments
Boston,
Massachusetts
| – | -$472K | -337,372 | Closed |
|
|
VKH
33
Virtu KCG Holdings
New York
| – | -$26K | -18,580 | Closed |
|
REFR Hedge Fund Activity: Q2 2017 in Review
33 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q2 2017, worth a combined $5.42M — down 18% from $6.58M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new REFR positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $14.5K. The largest seller was Fidelity Investments, exiting entirely with an estimated $472K sold.
- 33 institutional investors held Research Frontiers (REFR) as of Q2 2017, up from 32 in Q1 2017.
- Funds reported $5.42M of Research Frontiers stock for Q2 2017, down 18% quarter-over-quarter.
- 3 funds opened new Research Frontiers positions in Q2 2017 and 2 closed out, a net change of +1 holder.
- The largest Research Frontiers buyer in Q2 2017 was Susquehanna International Group, an estimated $14.5K added.
- The largest Research Frontiers seller in Q2 2017 was Fidelity Investments, an estimated $472K sold.
Based on aggregated 13F filings for Q2 2017.