Research Frontiers
REFR
40 hedge funds and large institutions have $12.8M invested in Research Frontiers in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 4 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 41 → 40 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
26% less capital invested
Capital invested by funds: $17.3M → $12.8M (-$4.44M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Goldman Capital Management
New York
|
+$1.14M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$178K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$120K |
| 4 |
CIS
Connors Investor Services
Wyomissing,
Pennsylvania
|
+$36.1K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$26.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$782K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$14.9K |
| 3 |
IWMPD
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
|
-$14.2K |
| 4 |
Bank of New York Mellon
New York
|
-$12.7K |
| 5 |
Morgan Stanley
New York
|
-$10.6K |
REFR Hedge Fund Activity: Q3 2016 in Review
40 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q3 2016, worth a combined $12.8M — down 26% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of REFR and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 9 added.
The largest buyer was Goldman Capital Management, adding an estimated $1.14M. The largest seller was Granite Investment Partners, cutting an estimated $782K.
- 40 institutional investors held Research Frontiers (REFR) as of Q3 2016, down from 41 in Q2 2016.
- Funds reported $12.8M of Research Frontiers stock for Q3 2016, down 26% quarter-over-quarter.
- 3 funds opened new Research Frontiers positions in Q3 2016 and 4 closed out, a net change of -1 holder.
- The largest Research Frontiers buyer in Q3 2016 was Goldman Capital Management, an estimated $1.14M added.
- The largest Research Frontiers seller in Q3 2016 was Granite Investment Partners, an estimated $782K sold.
Based on aggregated 13F filings for Q3 2016.