Research Frontiers
REFR
29 hedge funds and large institutions have $4.05M invested in Research Frontiers in 2017 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 9 closing their positions.
1.39% less ownership
Funds ownership: 17.57% → 16.18% (-1.4%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
19% less funds holding
Funds holding: 36 → 29 (-7)
20% less capital invested
Capital invested by funds: $5.03M → $4.05M (-$981K)
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$297K |
| 2 |
Renaissance Technologies
New York
|
+$24.7K |
| 3 |
CIS
Connors Investor Services
Wyomissing,
Pennsylvania
|
+$16.3K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$14.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$7.79K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Goldman Capital Management
New York
|
-$517K |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$38K |
| 3 |
ISL
Ingalls & Snyder LLC
New York
|
-$29K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$26K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$24.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
|
27
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$38K | -31,600 | Closed |
|
|
ISL
28
Ingalls & Snyder LLC
New York
| – | -$29K | -24,000 | Closed |
|
|
29
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$26K | -21,800 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$24K | -20,426 | Closed |
|
31
Citadel Advisors
Miami,
Florida
| – | -$19K | -15,762 | Closed |
|
|
TSS
32
Two Sigma Securities
New York
| – | -$16K | -13,800 | Closed |
|
33
Group One Trading
Chicago,
Illinois
| – | -$10K | -8,375 | Closed |
|
34
Barclays
London,
United Kingdom
| – | +$5 | +5 | +8% |
|
REFR Hedge Fund Activity: Q4 2017 in Review
29 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q4 2017, worth a combined $4.05M — down 20% from $5.03M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of REFR and 2 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 6 added.
The largest buyer was Anson Funds Management, opening a new position worth an estimated $297K. The largest seller was Goldman Capital Management, cutting an estimated $517K.
- 29 institutional investors held Research Frontiers (REFR) as of Q4 2017, down from 36 in Q3 2017.
- Funds reported $4.05M of Research Frontiers stock for Q4 2017, down 20% quarter-over-quarter.
- 2 funds opened new Research Frontiers positions in Q4 2017 and 9 closed out, a net change of -7 holders.
- The largest Research Frontiers buyer in Q4 2017 was Anson Funds Management, an estimated $297K added.
- The largest Research Frontiers seller in Q4 2017 was Goldman Capital Management, an estimated $517K sold.
Based on aggregated 13F filings for Q4 2017.