New Positions
8 managers initiated
Top five by reported value
Research Frontiers Inc NASDAQ NMS - GLOBAL MARKET:REFR
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
8 new11 added17 reduced3 exited
Total Institutional Holders
36
as of 2025-12-31
Top Holder
MGO ONE SEVEN LLC
$1.2M
Largest QoQ Increase
VANGUARD GROUP INC
+128,409 sh
Largest QoQ Decrease
Focus Partners Wealth
-394,010 sh
New Positions(8)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| TWO SIGMA SECURITIES, LLC | 22,874 | +22,874 | $30.0K | +$30.0K | — |
| XTX Topco Ltd | 21,057 | +21,057 | $27.6K | +$27.6K | — |
| JANE STREET GROUP, LLC | 15,091 | +15,091 | $19.8K | +$19.8K | — |
| HALBERT HARGROVE GLOBAL ADVISORS, LLC | 15,000 | +15,000 | $19.6K | +$19.6K | — |
| ADVISOR GROUP HOLDINGS, INC. | 4,000 | +4,000 | $5.2K | +$5.2K | — |
| Rockefeller Capital Management L.P. | 2,700 | +2,700 | $3.5K | +$3.5K | — |
| Virtu Financial LLC | 20,798 | +20,798 | $27 | +$27 | — |
| CITIGROUP INC | 1 | +1 | $1 | +$1 | — |
Added To(11)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 9,010 | +5,747 | $604.0K | +$598.8K | 176.1% |
| BlackRock, Inc. | 605,126 | +3,850 | $792.7K | -$163.3K | 0.6% |
| GEODE CAPITAL MANAGEMENT, LLC | 311,211 | +3,111 | $407.8K | -$82.2K | 1.0% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 138,602 | +46,726 | $181.6K | +$35.5K | 50.9% |
| NORTHERN TRUST CORP | 52,630 | +736 | $68.9K | -$13.6K | 1.4% |
| VANGUARD GROUP INC | 774,479 | +128,409 | $1.0M | -$12.7K | 19.9% |
| RAYMOND JAMES FINANCIAL INC | 42,932 | +1,595 | $56.2K | -$9.5K | 3.9% |
| Schonfeld Strategic Advisors LLC | 13,836 | +300 | $18.1K | -$3.4K | 2.2% |
| Tower Research Capital LLC (TRC) | 2,069 | +787 | $2.7K | +$672 | 61.4% |
| BANK OF AMERICA CORP /DE/ | 26 | +1 | $34 | -$6 | 4.0% |
| Royal Bank of Canada | 144 | +52 | $0 | $0 | 56.5% |
Reduced(17)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Focus Partners Wealth | 496,422 | -394,010 | $650.3K | -$765.5K | -44.2% |
| MGO ONE SEVEN LLC | 920,182 | -78,272 | $1.2M | -$382.1K | -7.8% |
| CITADEL ADVISORS LLC | 75,712 | -75,588 | $99.2K | -$141.4K | -50.0% |
| Kingsview Wealth Management, LLC | 103,060 | -40,175 | $135.0K | -$92.7K | -28.0% |
| HM PAYSON & CO | 20,000 | -20,000 | $26.2K | -$38.0K | -50.0% |
| RENAISSANCE TECHNOLOGIES LLC | 78,282 | -9,818 | $102.5K | -$37.5K | -11.1% |
| STATE STREET CORP | 105,623 | 0 | $138.4K | -$29.6K | 0.0% |
| UBS Group AG | 3,002 | -4,549 | $3.9K | -$8.1K | -60.2% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 21,870 | 0 | $28.6K | -$6.1K | 0.0% |
| FreeGulliver LLC | 20,000 | 0 | $26.2K | -$5.6K | 0.0% |
| MERCER GLOBAL ADVISORS INC /ADV | 14,000 | 0 | $18.3K | -$3.9K | 0.0% |
| NewEdge Advisors, LLC | 250 | -1,722 | $328 | -$2.8K | -87.3% |
| HB Wealth Management, LLC | 10,000 | 0 | $13.1K | -$2.8K | 0.0% |
| MORGAN STANLEY | 3,935 | 0 | $5.2K | -$1.1K | 0.0% |
| JPMORGAN CHASE & CO | 1,042 | 0 | $1.4K | -$292 | 0.0% |
| SHUFRO ROSE & CO LLC | 97,500 | -15,300 | $127.7K | +$261 | -13.6% |
| Fairman Group, LLC | 125 | 0 | $164 | -$35 | 0.0% |
Sold Out(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Foundations Investment Advisors, LLC | 0 | -13,800 | $0 | -$21.9K | — |
| SBI Securities Co., Ltd. | 0 | -19 | $0 | -$30 | — |
| BARCLAYS PLC | 0 | -9 | $0 | -$14 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| MGO ONE SEVEN LLC | 920,182 | $1.2M | -78,272 | -7.8% |
| VANGUARD GROUP INC | 774,479 | $1.0M | +128,409 | 19.9% |
| BlackRock, Inc. | 605,126 | $792.7K | +3,850 | 0.6% |
| Focus Partners Wealth | 496,422 | $650.3K | -394,010 | -44.2% |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 9,010 | $604.0K | +5,747 | 176.1% |
| GEODE CAPITAL MANAGEMENT, LLC | 311,211 | $407.8K | +3,111 | 1.0% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 138,602 | $181.6K | +46,726 | 50.9% |
| STATE STREET CORP | 105,623 | $138.4K | 0 | 0.0% |
| Kingsview Wealth Management, LLC | 103,060 | $135.0K | -40,175 | -28.0% |
| SHUFRO ROSE & CO LLC | 97,500 | $127.7K | -15,300 | -13.6% |
| RENAISSANCE TECHNOLOGIES LLC | 78,282 | $102.5K | -9,818 | -11.1% |
| CITADEL ADVISORS LLC | 75,712 | $99.2K | -75,588 | -50.0% |
| NORTHERN TRUST CORP | 52,630 | $68.9K | +736 | 1.4% |
| RAYMOND JAMES FINANCIAL INC | 42,932 | $56.2K | +1,595 | 3.9% |
| TWO SIGMA SECURITIES, LLC | 22,874 | $30.0K | +22,874 | — |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 21,870 | $28.6K | 0 | 0.0% |
| XTX Topco Ltd | 21,057 | $27.6K | +21,057 | — |
| FreeGulliver LLC | 20,000 | $26.2K | 0 | 0.0% |
| HM PAYSON & CO | 20,000 | $26.2K | -20,000 | -50.0% |
| JANE STREET GROUP, LLC | 15,091 | $19.8K | +15,091 | — |
New & Closed Positions this quarter
Closed Positions
3 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for REFR against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.