Research Frontiers
REFR
33 hedge funds and large institutions have $5.11M invested in Research Frontiers in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
10% more funds holding
Funds holding: 30 → 33 (+3)
1.11% more ownership
Funds ownership: 12.32% → 13.43% (+1.1%)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
28% less capital invested
Capital invested by funds: $7.06M → $5.11M (-$1.96M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$1.39M |
| 2 |
DWM
Destination Wealth Management
Walnut Creek,
California
|
+$236K |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$213K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$50.5K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$46.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$68.9K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$21K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$5.71K |
| 4 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$5.51K |
| 5 |
BlackRock
New York
|
-$2.06K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $4.03K | +$247 | +173 | +5% |
|
|
NA
27
NewEdge Advisors
New Orleans,
Louisiana
| $2.23K | – | – | – |
|
28
JP Morgan Chase
New York
| $1.25K | -$7 | -5 | -0.5% |
|
29
BNP Paribas Financial Markets
Paris,
France
| $905 | – | – | – |
|
|
30
Bank of America
Charlotte,
North Carolina
| $275 | -$5.71K | -3,989 | -94% |
|
|
FG
31
Fairman Group
Chesterbrook,
Pennsylvania
| $214 | – | – | – |
|
|
SS
32
SBI Securities
Tokyo,
Japan
| $21 | – | – | – |
|
|
33
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$21K | -12,000 | Closed |
|
34
Fidelity Investments
Boston,
Massachusetts
| – | -$1.24K | -727 | Closed |
|
35
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$44 | -31 | -25% |
|
REFR Hedge Fund Activity: Q1 2025 in Review
33 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q1 2025, worth a combined $5.11M — down 28% from $7.06M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new REFR positions and 2 closed out — a net gain of 4 holders — while 6 added to existing stakes and 8 trimmed.
The largest buyer was MGO One Seven, opening a new position worth an estimated $1.39M. The largest seller was Focus Partners Wealth, cutting an estimated $68.9K.
- 33 institutional investors held Research Frontiers (REFR) as of Q1 2025, up from 30 in Q4 2024.
- Funds reported $5.11M of Research Frontiers stock for Q1 2025, down 28% quarter-over-quarter.
- 6 funds opened new Research Frontiers positions in Q1 2025 and 2 closed out, a net change of +4 holders.
- The largest Research Frontiers buyer in Q1 2025 was MGO One Seven, an estimated $1.39M added.
- The largest Research Frontiers seller in Q1 2025 was Focus Partners Wealth, an estimated $68.9K sold.
Based on aggregated 13F filings for Q1 2025.