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Research Frontiers
REFR

31 hedge funds and large institutions have $6.42M invested in Research Frontiers in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

18% more capital invested

Capital invested by funds: $5.43M → $6.42M (+$986K)

2.64% more ownership

Funds ownership: 8.57% → 11.2% (+2.6%)

3% less funds holding

Funds holding: 32 → 31 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
31
Holders Change
-1
Holders Change %
-3.13%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
7
Reduced
5
Closed
3
Calls
$70K
Puts
–
Net Calls
+$70K
Net Calls Change
+$44K

Top Buyers

Rank Fund Capital Flow
1
WWP
WR Wealth Planners
Missouri
+$1.87M
2
BG
Benedetti & Gucer
Georgia
+$61.6K
3
Millennium Management
Millennium Management
New York
+$27.2K
4
Morgan Stanley
Morgan Stanley
New York
+$19.8K
5
Northern Trust
Northern Trust
Illinois
+$8.45K

Top Sellers

Rank Fund Capital Flow
1
MCC
Money Concepts Capital
Florida
-$124K
2
VF
Virtu Financial
New York
-$29K
3
RCM
RNC Capital Management
California
-$24K
4
UBS Group
UBS Group
Switzerland
-$8.38K
5
Wells Fargo
Wells Fargo
California
-$5.55K
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.06M – – –
WWP
2
WR Wealth Planners
Missouri
$1.62M +$1.87M +948,038 New
BlackRock
3
BlackRock
New York
$1.07M +$4.03K +2,038 +0.3%
Geode Capital Management
4
Geode Capital Management
Massachusetts
$326K – – –
SRC
5
Shufro Rose & Co
New York
$255K +$4.94K +2,500 +2%
Millennium Management
6
Millennium Management
New York
$231K +$27.2K +13,753 +11%
State Street
7
State Street
Massachusetts
$181K – – –
Northern Trust
8
Northern Trust
Illinois
$98.3K +$8.45K +4,276 +8%
AWS
9
Atria Wealth Solutions
New York
$56K – – –
Wells Fargo
10
Wells Fargo
California
$54.2K -$5.55K -2,811 -8%
BG
11
Benedetti & Gucer
Georgia
$53K +$61.6K +31,168 New
KWM
12
Kingsview Wealth Management
Oregon
$49.6K +$988 +500 +2%
SSA
13
Schonfeld Strategic Advisors
New York
$41.4K – – –
Morgan Stanley
14
Morgan Stanley
New York
$37.6K +$19.8K +10,000 +84%
Charles Schwab
15
Charles Schwab
California
$37.4K – – –
Bank of New York Mellon
16
Bank of New York Mellon
New York
$31.5K – – –
NLP
17
Next Level Private
New York
$27.4K – – –
RJFSA
18
Raymond James Financial Services Advisors
Florida
$27.2K – – –
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$26K – – –
DCM
20
Dudley Capital Management
Virginia
$25.8K – – –
Mercer Global Advisors
21
Mercer Global Advisors
Colorado
$24K – – –
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$23.9K – – –
Citadel Advisors
23
Citadel Advisors
Florida
$20.8K +$5.49K +2,781 +30%
HWM
24
HB Wealth Management
Georgia
$17.1K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$11K -$1.9K -964 -13%
1
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REFR Hedge Fund Activity: Q1 2023 in Review

31 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q1 2023, worth a combined $6.42M — up 18% from $5.43M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of REFR and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 7 added.

The largest buyer was WR Wealth Planners, opening a new position worth an estimated $1.87M. The largest seller was Money Concepts Capital, exiting entirely with an estimated $124K sold.

  • 31 institutional investors held Research Frontiers (REFR) as of Q1 2023, down from 32 in Q4 2022.
  • Funds reported $6.42M of Research Frontiers stock for Q1 2023, up 18% quarter-over-quarter.
  • 2 funds opened new Research Frontiers positions in Q1 2023 and 3 closed out, a net change of -1 holder.
  • The largest Research Frontiers buyer in Q1 2023 was WR Wealth Planners, an estimated $1.87M added.
  • The largest Research Frontiers seller in Q1 2023 was Money Concepts Capital, an estimated $124K sold.

Based on aggregated 13F filings for Q1 2023.