Research Frontiers
REFR
32 hedge funds and large institutions have $8.41M invested in Research Frontiers in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 9 closing their positions.
102% more call options, than puts
Call options by funds: $240K | Put options by funds: $119K
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
0.14% less ownership
Funds ownership: 9.13% → 8.99% (-0.14%)
7% less capital invested
Capital invested by funds: $9.07M → $8.41M (-$661K)
16% less funds holding
Funds holding: 38 → 32 (-6)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$264K |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$45.7K |
| 3 |
Jane Street
New York
|
+$40.6K |
| 4 |
SRC
Shufro Rose & Co
New York
|
+$20.8K |
| 5 |
RCA
Ranch Capital Advisors
Sarasota,
Florida
|
+$15.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Family Management
New York
|
-$120K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$114K |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$89K |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$83.8K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$57.8K |
REFR Hedge Fund Activity: Q4 2019 in Review
32 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q4 2019, worth a combined $8.41M — down 7.3% from $9.07M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of REFR and 4 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Vanguard Group, adding an estimated $264K. The largest seller was Family Management, exiting entirely with an estimated $120K sold.
- 32 institutional investors held Research Frontiers (REFR) as of Q4 2019, down from 38 in Q3 2019.
- Funds reported $8.41M of Research Frontiers stock for Q4 2019, down 7.3% quarter-over-quarter.
- 4 funds opened new Research Frontiers positions in Q4 2019 and 9 closed out, a net change of -5 holders.
- The largest Research Frontiers buyer in Q4 2019 was Vanguard Group, an estimated $264K added.
- The largest Research Frontiers seller in Q4 2019 was Family Management, an estimated $120K sold.
Based on aggregated 13F filings for Q4 2019.