Research Frontiers
REFR
35 hedge funds and large institutions have $3.27M invested in Research Frontiers in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 6 closing their positions.
0.49% less ownership
Funds ownership: 10.14% → 9.65% (-0.49%)
8% less funds holding
Funds holding: 38 → 35 (-3)
11% less capital invested
Capital invested by funds: $3.67M → $3.27M (-$396K)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$84.4K |
| 2 |
GW
GW & Wade
Wellesley,
Massachusetts
|
+$75.4K |
| 3 |
Renaissance Technologies
New York
|
+$73.2K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$28.8K |
| 5 |
VF
Virtu Financial
New York
|
+$16.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
StoneX Group
New York
|
-$142K |
| 2 |
Millennium Management
New York
|
-$100K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$48.9K |
| 4 |
WWP
WR Wealth Planners
Columbia,
Missouri
|
-$38.4K |
| 5 |
HF
HRT Financial
New York
|
-$35.3K |
REFR Hedge Fund Activity: Q4 2023 in Review
35 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q4 2023, worth a combined $3.27M — down 11% from $3.67M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of REFR and 3 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 8 added.
The largest buyer was Morgan Stanley, adding an estimated $84.4K. The largest seller was StoneX Group, cutting an estimated $142K.
- 35 institutional investors held Research Frontiers (REFR) as of Q4 2023, down from 38 in Q3 2023.
- Funds reported $3.27M of Research Frontiers stock for Q4 2023, down 11% quarter-over-quarter.
- 3 funds opened new Research Frontiers positions in Q4 2023 and 6 closed out, a net change of -3 holders.
- The largest Research Frontiers buyer in Q4 2023 was Morgan Stanley, an estimated $84.4K added.
- The largest Research Frontiers seller in Q4 2023 was StoneX Group, an estimated $142K sold.
Based on aggregated 13F filings for Q4 2023.