Research Frontiers
REFR
36 hedge funds and large institutions have $21M invested in Research Frontiers in 2014 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 4 reducing their positions, and 6 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 4
121% more call options, than puts
Call options by funds: $161K | Put options by funds: $73K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less capital invested
Capital invested by funds: $23.4M → $21M (-$2.37M)
12% less funds holding
Funds holding: 41 → 36 (-5)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sophrosyne Capital
New York
|
+$413K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$83.3K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$33.2K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$29.8K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$29K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$256K |
| 2 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
-$157K |
| 3 |
ST
Spot Trading
Chicago,
Illinois
|
-$25K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$19.8K |
| 5 |
SFSIG
San Francisco Sentry Investment Group
San Francisco,
California
|
-$17K |
REFR Hedge Fund Activity: Q4 2014 in Review
36 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q4 2014, worth a combined $21M — down 10% from $23.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of REFR and 3 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 12 added.
The largest buyer was Sophrosyne Capital, opening a new position worth an estimated $413K. The largest seller was Fidelity Investments, cutting an estimated $256K.
- 36 institutional investors held Research Frontiers (REFR) as of Q4 2014, down from 41 in Q3 2014.
- Funds reported $21M of Research Frontiers stock for Q4 2014, down 10% quarter-over-quarter.
- 3 funds opened new Research Frontiers positions in Q4 2014 and 6 closed out, a net change of -3 holders.
- The largest Research Frontiers buyer in Q4 2014 was Sophrosyne Capital, an estimated $413K added.
- The largest Research Frontiers seller in Q4 2014 was Fidelity Investments, an estimated $256K sold.
Based on aggregated 13F filings for Q4 2014.