Research Frontiers
REFR
38 hedge funds and large institutions have $25.5M invested in Research Frontiers in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
21% more capital invested
Capital invested by funds: $21M → $25.5M (+$4.5M)
6% more funds holding
Funds holding: 36 → 38 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
35% less call options, than puts
Call options by funds: $231K | Put options by funds: $358K
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Invicta Capital Management
New York
|
+$1.39M |
| 2 |
EEG
E.E. Geduld
|
+$52K |
| 3 |
HB
Homrich & Berg
Atlanta,
Georgia
|
+$52K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$46.8K |
| 5 |
PCM
Prelude Capital Management
New York
|
+$20.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sophrosyne Capital
New York
|
-$418K |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$221K |
| 3 |
GCM
Goldman Capital Management
New York
|
-$192K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$84K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$76.8K |
REFR Hedge Fund Activity: Q1 2015 in Review
38 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q1 2015, worth a combined $25.5M — up 21% from $21M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new REFR positions and 3 closed out — a net gain of 2 holders — while 7 added to existing stakes and 14 trimmed.
The largest buyer was Invicta Capital Management, opening a new position worth an estimated $1.39M. The largest seller was Sophrosyne Capital, exiting entirely with an estimated $418K sold.
- 38 institutional investors held Research Frontiers (REFR) as of Q1 2015, up from 36 in Q4 2014.
- Funds reported $25.5M of Research Frontiers stock for Q1 2015, up 21% quarter-over-quarter.
- 5 funds opened new Research Frontiers positions in Q1 2015 and 3 closed out, a net change of +2 holders.
- The largest Research Frontiers buyer in Q1 2015 was Invicta Capital Management, an estimated $1.39M added.
- The largest Research Frontiers seller in Q1 2015 was Sophrosyne Capital, an estimated $418K sold.
Based on aggregated 13F filings for Q1 2015.