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Research Frontiers Inc

REFR
Exchange
Nasdaq
Industry
Patent Owners & Lessors
SEC CIK
0000793524

No open-market purchases or sales by Research Frontiers Inc insiders were filed in the last 90 days; 34 institutions reported holding it in 13F filings for Q2 2026, worth $1.91M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Research Frontiers Inc as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
30
0 vs. Q2 2025
Shares held
4.20M
−183.5K (−4.2%) vs. Q2 2025
Total value
$6.63M
−$459.3K (−6.5%) vs. Q2 2025
New holders
3
6 more added
Sold out
3
6 more reduced

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting REFR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 30 institutions
Q1 2021: 54 institutionsQ2 2021: 42 institutionsQ3 2021: 32 institutionsQ4 2021: 32 institutionsQ1 2022: 31 institutionsQ2 2022: 25 institutionsQ3 2022: 26 institutionsQ4 2022: 32 institutionsQ1 2023: 31 institutionsQ2 2023: 39 institutionsQ3 2023: 38 institutionsQ4 2023: 35 institutionsQ1 2024: 34 institutionsQ2 2024: 31 institutionsQ3 2024: 30 institutionsQ4 2024: 30 institutionsQ1 2025: 33 institutionsQ2 2025: 30 institutionsQ3 2025: 30 institutionsQ4 2025: 35 institutionsQ1 2026: 35 institutionsQ2 2026: 34 institutions
Value heldQ3 2025: $6.63M
Q1 2021: $16.2MQ2 2021: $7.99MQ3 2021: $8.21MQ4 2021: $5.21MQ1 2022: $5.65MQ2 2022: $4.81MQ3 2022: $5.94MQ4 2022: $5.43MQ1 2023: $6.42MQ2 2023: $5.44MQ3 2023: $3.67MQ4 2023: $3.27MQ1 2024: $5.45MQ2 2024: $7.84MQ3 2024: $6.99MQ4 2024: $7.06MQ1 2025: $5.11MQ2 2025: $7.09MQ3 2025: $6.63MQ4 2025: $5.21MQ1 2026: $3.48MQ2 2026: $1.91M
Institutions holding REFR and their total value by quarter
QuarterHoldersValue
Q2 202634$1.91M
Q1 202635$3.48M
Q4 202535$5.21M
Q3 202530$6.63M
Q2 202530$7.09M
Q1 202533$5.11M
Q4 202430$7.06M
Q3 202430$6.99M
Q2 202431$7.84M
Q1 202434$5.45M
Q4 202335$3.27M
Q3 202338$3.67M
Q2 202339$5.44M
Q1 202331$6.42M
Q4 202232$5.43M
Q3 202226$5.94M
Q2 202225$4.81M
Q1 202231$5.65M
Q4 202132$5.21M
Q3 202132$8.21M
Q2 202142$7.99M
Q1 202154$16.2M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Research Frontiers Inc; share changes are against Q2 2025.

Institutions holding REFR in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
We Are One Seven, LLC991,454$1.58M0.04%+13,049+1.3%Added
Colony Group, LLC890,432$1.42M0.00%−60,100−6.3%Reduced
Vanguard Group Inc646,070$1.03M0.00%+20,941+3.3%Added
BlackRock, Inc.601,276$956.0K0.00%+861+0.1%Added
Geode Capital Management, LLC308,100$490.0K0.00%+4,810+1.6%Added
Kingsview Wealth Management, LLC143,235$227.7K0.00%−15,165−9.6%Reduced
State Street Corp105,623$167.9K0.00%00.0%Unchanged
Susquehanna International Group, LLP91,876$146.1K0.00%−38,432−29.5%Reduced
Renaissance Technologies LLC88,100$140.1K0.00%+1,400+1.6%Added
Shufro Rose & Co LLC112,800$127.5K0.01%00.0%Unchanged
Northern Trust Corp51,894$82.5K0.00%00.0%Unchanged
Raymond James Financial Inc41,337$65.7K0.00%00.0%Unchanged
Charles Schwab Investment Management Inc21,870$34.8K0.00%00.0%Unchanged
HM Payson & Co20,000$31.8K0.00%00.0%Unchanged
FreeGulliver LLC20,000$31.8K0.01%00.0%Unchanged
Mercer Global Advisors Inc14,000$22.3K0.00%00.0%Unchanged
Foundations Investment Advisors, LLC13,800$21.9K0.00%00.0%Unchanged
Schonfeld Strategic Advisors LLC13,536$21.5K0.00%+200+1.5%Added
HB Wealth Management, LLC10,000$15.9K0.00%00.0%Unchanged
UBS Group AG7,551$12.0K0.00%−12,862−63.0%Reduced
Morgan Stanley3,935$6.26K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co3,263$5.19K0.00%+3,263New
GWM Advisors LLC1,972$3.13K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,282$2.04K0.00%−786−38.0%Reduced
JPMorgan Chase & Co1,042$1.66K0.00%00.0%Unchanged
Fairman Group, LLC125$1990.00%00.0%Unchanged
Bank of America Corp25$400.00%−259−91.2%Reduced
SBI Securities Co., Ltd.19$300.00%00.0%Unchanged
Barclays PLC9$140.00%+9New
Royal Bank of Canada29$00.00%+29New
Destination Wealth Management0$00.00%−84,703−100.0%Sold out
Mariner, LLC0$00.00%−15,000−100.0%Sold out
BNP Paribas Arbitrage, SA0$00.00%−801−100.0%Sold out