Research Frontiers
REFR
42 hedge funds and large institutions have $7.99M invested in Research Frontiers in 2021 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 17 reducing their positions, and 18 closing their positions.
74% more call options, than puts
Call options by funds: $193K | Put options by funds: $111K
7.36% less ownership
Funds ownership: 18.01% → 10.65% (-7.4%)
22% less funds holding
Funds holding: 54 → 42 (-12)
47% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 17
50% less capital invested
Capital invested by funds: $16.1M → $7.99M (-$8.13M)
67% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$834K |
| 2 |
E
Ergoteles
New York
|
+$299K |
| 3 |
HF
HRT Financial
New York
|
+$144K |
| 4 |
Renaissance Technologies
New York
|
+$70.6K |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$43.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.48M |
| 2 |
State Street
Boston,
Massachusetts
|
-$762K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$572K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$450K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$336K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| – | -$44 | -15,465 | Closed |
|
52
Goldman Sachs
New York
| – | -$43K | -15,246 | Closed |
|
53
Simplex Trading
Chicago,
Illinois
| – | -$37.6K | -15,113 | Closed |
|
54
VOYA Investment Management
Atlanta,
Georgia
| – | -$38K | -13,216 | Closed |
|
|
VF
55
Virtu Financial
New York
| – | -$30K | -10,608 | Closed |
|
|
RJA
56
Raymond James & Associates
St Petersburg,
Florida
| – | -$29K | -10,154 | Closed |
|
57
Legal & General Group
London,
United Kingdom
| – | -$8K | -2,803 | Closed |
|
|
AIP
58
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$7K | -2,344 | Closed |
|
59
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -1,485 | Closed |
|
60
Fidelity Investments
Boston,
Massachusetts
| – | -$85 | -34 | -64% |
|
REFR Hedge Fund Activity: Q2 2021 in Review
42 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q2 2021, worth a combined $7.99M — down 50% from $16.1M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of REFR and 6 opened new positions — a net loss of 12 holders — while 17 trimmed existing stakes and 9 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $834K. The largest seller was BlackRock, cutting an estimated $3.48M.
- 42 institutional investors held Research Frontiers (REFR) as of Q2 2021, down from 54 in Q1 2021.
- Funds reported $7.99M of Research Frontiers stock for Q2 2021, down 50% quarter-over-quarter.
- 6 funds opened new Research Frontiers positions in Q2 2021 and 18 closed out, a net change of -12 holders.
- The largest Research Frontiers buyer in Q2 2021 was Millennium Management, an estimated $834K added.
- The largest Research Frontiers seller in Q2 2021 was BlackRock, an estimated $3.48M sold.
Based on aggregated 13F filings for Q2 2021.