Research Frontiers
REFR
34 hedge funds and large institutions have $1.91M invested in Research Frontiers in 2026 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.
0.47% less ownership
Funds ownership: 11.01% → 10.54% (-0.47%)
3% less funds holding
Funds holding: 35 → 34 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
45% less capital invested
Capital invested by funds: $3.48M → $1.91M (-$1.57M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
TCTC Holdings
Dallas,
Texas
|
+$16.1K |
| 2 |
CA
CGN Advisors
Manhattan,
Kansas
|
+$11.5K |
| 3 |
Vanguard Capital Management
Malvern,
Pennsylvania
|
+$10K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.54K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.48K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$60.9K |
| 2 |
MOS
MGO One Seven
Beachwood,
Ohio
|
-$25.4K |
| 3 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$22.3K |
| 4 |
Renaissance Technologies
New York
|
-$22.1K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$14.5K |
REFR Hedge Fund Activity: Q2 2026 in Review
34 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Research Frontiers (REFR) for Q2 2026, worth a combined $1.91M — down 45% from $3.48M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of REFR and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was TCTC Holdings, opening a new position worth an estimated $16.1K. The largest seller was BlackRock, cutting an estimated $60.9K.
- 34 institutional investors held Research Frontiers (REFR) as of Q2 2026, down from 35 in Q1 2026.
- Funds reported $1.91M of Research Frontiers stock for Q2 2026, down 45% quarter-over-quarter.
- 4 funds opened new Research Frontiers positions in Q2 2026 and 5 closed out, a net change of -1 holder.
- The largest Research Frontiers buyer in Q2 2026 was TCTC Holdings, an estimated $16.1K added.
- The largest Research Frontiers seller in Q2 2026 was BlackRock, an estimated $60.9K sold.
Based on aggregated 13F filings for Q2 2026.