Research Frontiers
REFR
37 hedge funds and large institutions have $3.43M invested in Research Frontiers in 2023 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 17 reducing their positions, and 3 closing their positions.
0.68% less ownership
Funds ownership: 10.16% → 9.48% (-0.68%)
5% less funds holding
Funds holding: 39 → 37 (-2)
37% less capital invested
Capital invested by funds: $5.44M → $3.43M (-$2.02M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
76% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
+$31.5K |
| 2 |
WWP
WR Wealth Planners
Columbia,
Missouri
|
+$6.04K |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$819 |
| 4 |
JP Morgan Chase
New York
|
+$276 |
| 5 |
Wells Fargo
San Francisco,
California
|
+$21 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$81.8K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$58.4K |
| 3 |
HF
HRT Financial
New York
|
-$46.4K |
| 4 |
Jane Street
New York
|
-$45.6K |
| 5 |
BlackRock
New York
|
-$33.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Squarepoint
New York
| $11.6K | -$1.94K | -1,279 | -11% |
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $11.3K | -$18K | -11,861 | -53% |
|
|
HWM
28
HB Wealth Management
Atlanta,
Georgia
| $10.8K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $9.42K | -$3 | -2 | -0% |
|
|
CSPIA
30
Cary Street Partners Investment Advisory
Richmond,
Virginia
| $4.32K | – | – | – |
|
|
31
JP Morgan Chase
New York
| $1.32K | +$276 | +182 | +17% |
|
32
Osaic Holdings
Scottsdale,
Arizona
| $1.08K | – | – | – |
|
33
BNP Paribas Financial Markets
Paris,
France
| $865 | – | – | – |
|
34
UBS Group
Zurich,
Switzerland
| $732 | -$329 | -217 | -24% |
|
|
35
Qube Research & Technologies (QRT)
London,
United Kingdom
| $584 | +$819 | +541 | New |
|
|
36
Goldman Sachs
New York
| – | -$81.8K | -51,106 | Closed |
|
|
E
37
Ergoteles
New York
| – | -$29.3K | -18,300 | Closed |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$294 | -194 | -54% |
|
|
TC
39
Trust Company
Manhattan,
Kansas
| – | -$80 | -50 | Closed |
|
40
Simplex Trading
Chicago,
Illinois
| – | -$8 | -5 | -5% |
|
REFR Hedge Fund Activity: Q3 2023 in Review
37 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q3 2023, worth a combined $3.43M — down 37% from $5.44M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of REFR and 1 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 4 added.
The largest buyer was Geode Capital Management, adding an estimated $31.5K. The largest seller was Goldman Sachs, exiting entirely with an estimated $81.8K sold.
- 37 institutional investors held Research Frontiers (REFR) as of Q3 2023, down from 39 in Q2 2023.
- Funds reported $3.43M of Research Frontiers stock for Q3 2023, down 37% quarter-over-quarter.
- 1 fund opened new Research Frontiers positions in Q3 2023 and 3 closed out, a net change of -2 holders.
- The largest Research Frontiers buyer in Q3 2023 was Geode Capital Management, an estimated $31.5K added.
- The largest Research Frontiers seller in Q3 2023 was Goldman Sachs, an estimated $81.8K sold.
Based on aggregated 13F filings for Q3 2023.