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Research Frontiers
REFR

51 hedge funds and large institutions have $14.4M invested in Research Frontiers in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

929% more call options, than puts

Call options by funds: $247K | Put options by funds: $24K

0.15% more ownership

Funds ownership: 16.79% → 16.94% (+0.15%)

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

9% less funds holding

Funds holding: 56 → 51 (-5)

32% less capital invested

Capital invested by funds: $21.4M → $14.4M (-$6.94M)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

Holders
51
Holders Change
-5
Holders Change %
-8.93%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
14
Reduced
15
Closed
14
Calls
$247K
Puts
$24K
Net Calls
+$223K
Net Calls Change
-$523K

Top Buyers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
+$568K
2
GCP
GSA Capital Partners
United Kingdom
+$194K
3
SSA
Schonfeld Strategic Advisors
New York
+$135K
4
BlackRock
BlackRock
New York
+$134K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$107K

Top Sellers

Rank Fund Capital Flow
1
NSGL
No Street GP LP
California
-$597K
2
Millennium Management
Millennium Management
New York
-$213K
3
Jane Street
Jane Street
New York
-$147K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$134K
5
BRWM
B. Riley Wealth Management
Tennessee
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
51
Panagora Asset Management
Massachusetts
$1K +$933 +322 New
NSGL
52
No Street GP LP
California
– -$597K -147,075 Closed
Millennium Management
53
Millennium Management
New York
– -$213K -52,424 Closed
Jane Street
54
Jane Street
New York
– -$147K -36,211 Closed
Fiera Capital (Canada)
55
Fiera Capital (Canada)
Quebec, Canada
– -$134K -32,966 Closed
BRWM
56
B. Riley Wealth Management
Tennessee
– -$106K -26,200 Closed
Manulife (Manufacturers Life Insurance)
57
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$68K -17,850 Closed
VF
58
Virtu Financial
New York
– -$59K -14,614 Closed
SG Americas Securities
59
SG Americas Securities
New York
– -$58K -14,322 Closed
FIA
60
FNY Investment Advisers
New York
– -$38K -9,476 Closed
WEC
61
Winslow Evans & Crocker
Massachusetts
– -$6K -1,495 Closed
TI
62
tru Independence
Oregon
– -$4 -1,000 Closed
US Bancorp
63
US Bancorp
Minnesota
– -$4K -1,000 Closed
CAN
64
Cetera Advisor Networks
California
– -$3K -800 Closed
GWM
65
Geneos Wealth Management
Colorado
– -$1K -300 Closed
1 2
3

REFR Hedge Fund Activity: Q3 2020 in Review

51 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q3 2020, worth a combined $14.4M — down 32% from $21.4M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of REFR and 9 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 14 added.

The largest buyer was Northern Trust, adding an estimated $568K. The largest seller was No Street GP LP, exiting entirely with an estimated $597K sold.

  • 51 institutional investors held Research Frontiers (REFR) as of Q3 2020, down from 56 in Q2 2020.
  • Funds reported $14.4M of Research Frontiers stock for Q3 2020, down 32% quarter-over-quarter.
  • 9 funds opened new Research Frontiers positions in Q3 2020 and 14 closed out, a net change of -5 holders.
  • The largest Research Frontiers buyer in Q3 2020 was Northern Trust, an estimated $568K added.
  • The largest Research Frontiers seller in Q3 2020 was No Street GP LP, an estimated $597K sold.

Based on aggregated 13F filings for Q3 2020.