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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, Q1 2026

Institutional positions in Research Frontiers Inc as of Mar 31, 2026. 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
+1 vs. Q4 2025
Shares held
3.83M
+619.5K (+19.3%) vs. Q4 2025
Total value
$3.48M
−$722.2K (−17.2%) vs. Q4 2025
New holders
9
6 more added
Sold out
8
7 more reduced

1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 35 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 heldQ1 2026: $3.48M
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, Q1 2026

Shares, value and share of portfolio for each institution holding Research Frontiers Inc; share changes are against Q4 2025.

Institutions holding REFR in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
We Are One Seven, LLC918,182$828.2K0.02%00.0%Unchanged
BlackRock, Inc.608,398$559.7K0.00%+3,272+0.5%Added
Vanguard Capital Management LLC568,154$512.5K0.00%+568,154New
Colony Group, LLC496,422$456.7K0.00%00.0%Unchanged
Geode Capital Management, LLC302,761$273.2K0.00%−8,450−2.7%Reduced
Vanguard Fiduciary Trust Co177,030$159.7K0.00%+177,030New
Susquehanna International Group, LLP156,786$141.4K0.00%+33,784+27.5%Added
State Street Corp105,623$95.3K0.00%00.0%Unchanged
Shufro Rose & Co LLC97,500$89.7K0.01%00.0%Unchanged
Renaissance Technologies LLC68,300$62.8K0.00%−9,982−12.8%Reduced
Northern Trust Corp52,630$48.4K0.00%00.0%Unchanged
Kingsview Wealth Management, LLC44,950$41.4K0.00%−58,110−56.4%Reduced
XTX Topco Ltd32,970$29.7K0.00%+11,913+56.6%Added
HM Payson & Co20,000$18.0K0.00%00.0%Unchanged
FreeGulliver LLC20,000$18.0K0.01%00.0%Unchanged
Goldman Sachs Group Inc18,506$17.0K0.00%+18,506New
Raymond James Financial Inc17,880$16.4K0.00%−25,052−58.4%Reduced
Two Sigma Securities, LLC15,809$14.5K0.00%−7,065−30.9%Reduced
Mercer Global Advisors Inc14,000$12.9K0.00%00.0%Unchanged
Buckingham Strategic Partners14,091$12.8K0.00%+14,091New
Schonfeld Strategic Advisors LLC13,857$12.7K0.00%+21+0.2%Added
Jane Street Group, LLC11,575$10.6K0.00%−3,516−23.3%Reduced
Vanguard Global Advisers, LLC11,108$10.0K0.00%+11,108New
Farrell Financial LLC10,457$9.43K0.01%+10,457New
HB Wealth Management, LLC10,000$9.02K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)6,055$5.57K0.00%+3,986+192.7%Added
Advisor Group Holdings, Inc.4,000$3.68K0.00%00.0%Unchanged
Morgan Stanley3,935$3.62K0.00%00.0%Unchanged
MAI Capital Management1,500$1.35K0.00%+1,500New
UBS Group AG1,174$1.08K0.00%−1,828−60.9%Reduced
JPMorgan Chase & Co1,042$9480.00%00.0%Unchanged
Citigroup Inc438$3950.00%+437+43,700.0%Added
Simplex Trading, LLC332$3050.00%+332New
Fairman Group, LLC125$1130.00%00.0%Unchanged
SBI Securities Co., Ltd.5$50.00%+5New
Citadel Advisors LLC0$00.00%−60,312−100.0%Sold out
Charles Schwab Investment Management Inc0$00.00%−21,870−100.0%Sold out
Virtu Financial LLC0$00.00%−20,798−100.0%Sold out
Halbert Hargrove Global Advisors, LLC0$00.00%−15,000−100.0%Sold out
Rockefeller Capital Management L.P.0$00.00%−2,700−100.0%Sold out
GWM Advisors LLC0$00.00%−250−100.0%Sold out
Bank of America Corp0$00.00%−26−100.0%Sold out
Royal Bank of Canada0$00.00%−144−100.0%Sold out
Vanguard Group Inc––––Not filed