Research Frontiers
REFR
51 hedge funds and large institutions have $14.4M invested in Research Frontiers in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 14 closing their positions.
929% more call options, than puts
Call options by funds: $247K | Put options by funds: $24K
0.15% more ownership
Funds ownership: 16.79% → 16.94% (+0.15%)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
9% less funds holding
Funds holding: 56 → 51 (-5)
32% less capital invested
Capital invested by funds: $21.4M → $14.4M (-$6.94M)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$568K |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$194K |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
+$135K |
| 4 |
BlackRock
New York
|
+$134K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSGL
No Street GP LP
San Francisco,
California
|
-$597K |
| 2 |
Millennium Management
New York
|
-$213K |
| 3 |
Jane Street
New York
|
-$147K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$134K |
| 5 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$106K |
REFR Hedge Fund Activity: Q3 2020 in Review
51 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q3 2020, worth a combined $14.4M — down 32% from $21.4M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of REFR and 9 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 14 added.
The largest buyer was Northern Trust, adding an estimated $568K. The largest seller was No Street GP LP, exiting entirely with an estimated $597K sold.
- 51 institutional investors held Research Frontiers (REFR) as of Q3 2020, down from 56 in Q2 2020.
- Funds reported $14.4M of Research Frontiers stock for Q3 2020, down 32% quarter-over-quarter.
- 9 funds opened new Research Frontiers positions in Q3 2020 and 14 closed out, a net change of -5 holders.
- The largest Research Frontiers buyer in Q3 2020 was Northern Trust, an estimated $568K added.
- The largest Research Frontiers seller in Q3 2020 was No Street GP LP, an estimated $597K sold.
Based on aggregated 13F filings for Q3 2020.