Research Frontiers
REFR
30 hedge funds and large institutions have $6.63M invested in Research Frontiers in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 3 closing their positions.
0% more funds holding
Funds holding: 30 → 30 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
0.6% less ownership
Funds ownership: 13.09% → 12.5% (-0.6%)
6% less capital invested
Capital invested by funds: $7.09M → $6.63M (-$459K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$31.7K |
| 2 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$19.7K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$7.28K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$4.93K |
| 5 |
Renaissance Technologies
New York
|
+$2.12K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWM
Destination Wealth Management
Walnut Creek,
California
|
-$137K |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$90.9K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$58.1K |
| 4 |
Mariner
Overland Park,
Kansas
|
-$24.6K |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$22.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FG
26
Fairman Group
Chesterbrook,
Pennsylvania
| $199 | – | – | – |
|
27
Bank of America
Charlotte,
North Carolina
| $40 | -$392 | -259 | -91% |
|
|
SS
28
SBI Securities
Tokyo,
Japan
| $30 | – | – | – |
|
29
Barclays
London,
United Kingdom
| $14 | +$14 | +9 | New |
|
|
DWM
30
Destination Wealth Management
Walnut Creek,
California
| – | -$137K | -84,703 | Closed |
|
|
31
Mariner
Overland Park,
Kansas
| – | -$24.6K | -15,000 | Closed |
|
32
BNP Paribas Financial Markets
Paris,
France
| – | -$1.3K | -801 | Closed |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$44 | +29 | New |
|
REFR Hedge Fund Activity: Q3 2025 in Review
30 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q3 2025, worth a combined $6.63M — down 6.5% from $7.09M a quarter earlier.
Fund positioning in REFR was balanced in Q3 2025: 3 funds opened new positions, 3 closed out, 6 added to existing stakes and 6 trimmed.
The largest buyer was Vanguard Group, adding an estimated $31.7K. The largest seller was Destination Wealth Management, exiting entirely with an estimated $137K sold.
- 30 institutional investors held Research Frontiers (REFR) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $6.63M of Research Frontiers stock for Q3 2025, down 6.5% quarter-over-quarter.
- 3 funds opened new Research Frontiers positions in Q3 2025 and 3 closed out, a net change of 0 holders.
- The largest Research Frontiers buyer in Q3 2025 was Vanguard Group, an estimated $31.7K added.
- The largest Research Frontiers seller in Q3 2025 was Destination Wealth Management, an estimated $137K sold.
Based on aggregated 13F filings for Q3 2025.