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, Q4 2025
Institutional positions in Research Frontiers Inc as of Dec 31, 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
- 35
- +5 vs. Q3 2025
- Shares held
- 3.98M
- −224.1K (−5.3%) vs. Q3 2025
- Total value
- $5.21M
- −$1.42M (−21.4%) vs. Q3 2025
- New holders
- 9
- 10 more added
- Sold out
- 4
- 7 more reduced
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 34 | $1.91M |
| Q1 2026 | 35 | $3.48M |
| Q4 2025 | 35 | $5.21M |
| Q3 2025 | 30 | $6.63M |
| Q2 2025 | 30 | $7.09M |
| Q1 2025 | 33 | $5.11M |
| Q4 2024 | 30 | $7.06M |
| Q3 2024 | 30 | $6.99M |
| Q2 2024 | 31 | $7.84M |
| Q1 2024 | 34 | $5.45M |
| Q4 2023 | 35 | $3.27M |
| Q3 2023 | 38 | $3.67M |
| Q2 2023 | 39 | $5.44M |
| Q1 2023 | 31 | $6.42M |
| Q4 2022 | 32 | $5.43M |
| Q3 2022 | 26 | $5.94M |
| Q2 2022 | 25 | $4.81M |
| Q1 2022 | 31 | $5.65M |
| Q4 2021 | 32 | $5.21M |
| Q3 2021 | 32 | $8.21M |
| Q2 2021 | 42 | $7.99M |
| Q1 2021 | 54 | $16.2M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Research Frontiers Inc; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Royal Bank of Canada | 144 | $0 | 0.00% | +115+396.6% | Added |
| Citigroup Inc | 1 | $1 | 0.00% | +1 | New |
| Bank of America Corp | 26 | $34 | 0.00% | +1+4.0% | Added |
| Fairman Group, LLC | 125 | $164 | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 250 | $328 | 0.00% | −1,722−87.3% | Reduced |
| JPMorgan Chase & Co | 1,042 | $1.36K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 2,069 | $2.71K | 0.00% | +787+61.4% | Added |
| Rockefeller Capital Management L.P. | 2,700 | $3.54K | 0.00% | +2,700 | New |
| UBS Group AG | 3,002 | $3.93K | 0.00% | −4,549−60.2% | Reduced |
| Morgan Stanley | 3,935 | $5.16K | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 4,000 | $5.24K | 0.00% | +4,000 | New |
| HB Wealth Management, LLC | 10,000 | $13.1K | 0.00% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 13,836 | $18.1K | 0.00% | +300+2.2% | Added |
| Mercer Global Advisors Inc | 14,000 | $18.3K | 0.00% | 00.0% | Unchanged |
| Halbert Hargrove Global Advisors, LLC | 15,000 | $19.6K | 0.00% | +15,000 | New |
| Jane Street Group, LLC | 15,091 | $19.8K | 0.00% | +15,091 | New |
| HM Payson & Co | 20,000 | $26.2K | 0.00% | 00.0% | Unchanged |
| FreeGulliver LLC | 20,000 | $26.2K | 0.01% | 00.0% | Unchanged |
| Virtu Financial LLC | 20,798 | $27.0K | 0.00% | +20,798 | New |
| XTX Topco Ltd | 21,057 | $27.6K | 0.00% | +21,057 | New |
| Charles Schwab Investment Management Inc | 21,870 | $28.6K | 0.00% | 00.0% | Unchanged |
| Two Sigma Securities, LLC | 22,874 | $30.0K | 0.00% | +22,874 | New |
| Raymond James Financial Inc | 42,932 | $56.2K | 0.00% | +1,595+3.9% | Added |
| Northern Trust Corp | 52,630 | $68.9K | 0.00% | +736+1.4% | Added |
| Citadel Advisors LLC | 60,312 | $79.0K | 0.00% | +60,312 | New |
| Renaissance Technologies LLC | 78,282 | $102.5K | 0.00% | −9,818−11.1% | Reduced |
| Shufro Rose & Co LLC | 97,500 | $127.7K | 0.01% | −15,300−13.6% | Reduced |
| Kingsview Wealth Management, LLC | 103,060 | $135.0K | 0.00% | −40,175−28.0% | Reduced |
| State Street Corp | 105,623 | $138.4K | 0.00% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 123,002 | $161.1K | 0.00% | +31,126+33.9% | Added |
| Geode Capital Management, LLC | 311,211 | $407.8K | 0.00% | +3,111+1.0% | Added |
| Colony Group, LLC | 496,422 | $650.3K | 0.00% | −394,010−44.2% | Reduced |
| BlackRock, Inc. | 605,126 | $792.7K | 0.00% | +3,850+0.6% | Added |
| Vanguard Group Inc | 774,479 | $1.01M | 0.00% | +128,409+19.9% | Added |
| We Are One Seven, LLC | 918,182 | $1.20M | 0.02% | −73,272−7.4% | Reduced |
| Foundations Investment Advisors, LLC | 0 | $0 | 0.00% | −13,800−100.0% | Sold out |
| Northwestern Mutual Wealth Management Co | 0 | $0 | 0.00% | −3,263−100.0% | Sold out |
| SBI Securities Co., Ltd. | 0 | $0 | 0.00% | −19−100.0% | Sold out |
| Barclays PLC | 0 | $0 | 0.00% | −9−100.0% | Sold out |