Research Frontiers
REFR
32 hedge funds and large institutions have $8.21M invested in Research Frontiers in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 14 reducing their positions, and 12 closing their positions.
10% more call options, than puts
Call options by funds: $292K | Put options by funds: $266K
3% more capital invested
Capital invested by funds: $7.99M → $8.21M (+$225K)
0.51% less ownership
Funds ownership: 10.65% → 10.14% (-0.51%)
24% less funds holding
Funds holding: 42 → 32 (-10)
57% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 14
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$116K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$70.1K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$38.6K |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$24.2K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$23.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$292K |
| 2 |
Renaissance Technologies
New York
|
-$114K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$44K |
| 4 |
ECM
ExodusPoint Capital Management
New York
|
-$41K |
| 5 |
Morgan Stanley
New York
|
-$36.4K |
REFR Hedge Fund Activity: Q3 2021 in Review
32 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q3 2021, worth a combined $8.21M — up 2.8% from $7.99M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of REFR and 2 opened new positions — a net loss of 10 holders — while 14 trimmed existing stakes and 6 added.
The largest buyer was Susquehanna International Group, adding an estimated $116K. The largest seller was Millennium Management, cutting an estimated $292K.
- 32 institutional investors held Research Frontiers (REFR) as of Q3 2021, down from 42 in Q2 2021.
- Funds reported $8.21M of Research Frontiers stock for Q3 2021, up 2.8% quarter-over-quarter.
- 2 funds opened new Research Frontiers positions in Q3 2021 and 12 closed out, a net change of -10 holders.
- The largest Research Frontiers buyer in Q3 2021 was Susquehanna International Group, an estimated $116K added.
- The largest Research Frontiers seller in Q3 2021 was Millennium Management, an estimated $292K sold.
Based on aggregated 13F filings for Q3 2021.