RESEARCH FRONTIERS INC - common stock (REFR) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q3 2025

Type / Class
Equity / common stock
Symbol
REFR on Nasdaq
Shares outstanding
33,749,130
Price per share
$1.37
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
4,204,626
Total reported value
$6,633,604
% of total 13F portfolios
0%
Share change
-182,774
Value change
-$293,902
Number of holders
29
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of RESEARCH FRONTIERS INC - common stock (REFR) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Morgan Stephen L. 6.9% $3,097,158 2,328,690 Morgan Stephen L. 30 Sep 2025

As of 30 Sep 2025, 29 institutional investors reported holding 4,204,626 shares of RESEARCH FRONTIERS INC - common stock (REFR). This represents 12% of the company’s total 33,749,130 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of RESEARCH FRONTIERS INC - common stock (REFR) together control 12% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
MGO ONE SEVEN LLC 2.9% 991,454 +1.3% 0.04% $1,576,412
Focus Partners Wealth 2.6% 890,432 -6.3% 0% $1,415,787
VANGUARD GROUP INC 1.9% 646,070 +3.3% 0% $1,027,251
BlackRock, Inc. 1.8% 601,276 +0.14% 0% $956,029
GEODE CAPITAL MANAGEMENT, LLC 0.91% 308,100 +1.6% 0% $490,017
Kingsview Wealth Management, LLC 0.42% 143,235 -9.6% 0% $227,744
SHUFRO ROSE & CO LLC 0.33% 112,800 0% 0.01% $127,464
STATE STREET CORP 0.31% 105,623 0% 0% $167,941
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.27% 91,876 -29% 0% $146,083
RENAISSANCE TECHNOLOGIES LLC 0.26% 88,100 +1.6% 0% $140,079
NORTHERN TRUST CORP 0.15% 51,894 0% 0% $82,511
RAYMOND JAMES FINANCIAL INC 0.12% 41,337 0% 0% $65,726
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% 21,870 0% 0% $34,773
HM PAYSON & CO 0.06% 20,000 0% 0% $31,800
FreeGulliver LLC 0.06% 20,000 0% 0.01% $31,800
MERCER GLOBAL ADVISORS INC /ADV 0.04% 14,000 0% 0% $22,260
Foundations Investment Advisors, LLC 0.04% 13,800 0% 0% $21,942
Schonfeld Strategic Advisors LLC 0.04% 13,536 +1.5% 0% $21,521
HB Wealth Management, LLC 0.03% 10,000 0% 0% $15,900
UBS Group AG 0.02% 7,551 -63% 0% $12,006
MORGAN STANLEY 0.01% 3,935 0% 0% $6,257
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% 3,263 0% $5,188
NewEdge Advisors, LLC 0.01% 1,972 0% 0% $3,135
Tower Research Capital LLC (TRC) 0% 1,282 -38% 0% $2,038
JPMORGAN CHASE & CO 0% 1,042 0% 0% $1,657

Institutional Holders of RESEARCH FRONTIERS INC - common stock (REFR) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q3 4,204,626 $6,633,604 -$293,902 $1.59 29
2025 Q2 4,388,201 $7,092,949 -$116,356 $1.62 30
2025 Q1 4,519,734 $5,107,643 +$1,506,218 $1.13 32
2024 Q4 4,130,439 $7,063,699 +$1,549,173 $1.71 29
2024 Q3 3,210,316 $6,987,905 -$1,892,216 $2.19 29
2024 Q2 4,146,388 $7,838,869 +$398,791 $1.84 29
2024 Q1 2,969,513 $3,858,963 -$203,358 $1.30 32
2023 Q4 3,232,875 $3,272,299 -$173,417 $1.01 34
2023 Q3 3,398,113 $3,668,380 -$41,033 $1.08 36
2023 Q2 3,402,950 $5,442,577 -$565,389 $1.60 37
2023 Q1 3,753,388 $6,417,768 +$1,668,432 $1.71 31
2022 Q4 2,839,277 $5,431,922 +$65,664 $1.91 32
2022 Q3 2,789,910 $5,940,789 +$52,434 $2.13 26
2022 Q2 2,761,072 $4,803,810 -$345,484 $1.74 22
2022 Q1 2,942,629 $5,650,119 -$211,218 $1.92 27
2021 Q4 3,029,929 $5,212,921 -$435,035 $1.72 30
2021 Q3 3,207,999 $8,211,865 -$409,474 $2.56 29
2021 Q2 3,369,333 $7,985,474 -$5,679,093 $2.37 40
2021 Q1 5,685,671 $16,156,127 +$174,419 $2.84 52
2020 Q4 5,627,362 $15,813,791 +$758,817 $2.81 53
2020 Q3 5,347,801 $14,442,372 -$284,611 $2.70 50
2020 Q2 5,266,877 $21,373,036 +$10,103,411 $4.06 54
2020 Q1 2,796,239 $6,546,000 -$27,480 $2.34 33
2019 Q4 2,792,270 $8,405,000 -$131,601 $3.01 30
2019 Q3 2,831,706 $9,065,600 +$1,739,802 $3.20 37
2019 Q2 2,287,366 $7,617,000 +$1,122,110 $3.33 26
2019 Q1 1,988,382 $4,293,000 +$806,486 $2.16 28
2018 Q4 1,614,330 $2,519,000 -$180,766 $1.56 22
2018 Q3 1,730,150 $2,717,000 -$100,270 $1.57 22
2018 Q2 1,862,207 $1,535,000 -$187,220 $0.82 22
2018 Q1 2,077,588 $2,029,000 -$168,465 $0.98 25
2017 Q4 3,889,084 $4,046,000 -$370,935 $1.04 25
2017 Q3 4,223,996 $5,028,000 +$20,917 $1.19 30
2017 Q2 4,203,386 $5,419,492 -$685,237 $1.29 31
2017 Q1 4,696,012 $6,573,000 +$468,294 $1.40 29
2016 Q4 5,050,129 $9,194,000 +$116,666 $1.82 36
2016 Q3 4,944,786 $12,807,000 +$563,794 $2.59 37
2016 Q2 4,724,039 $17,252,000 +$645,951 $3.65 38
2016 Q1 4,551,462 $20,758,000 +$226,525 $4.56 37
2015 Q4 4,500,290 $23,443,000 +$1,853,324 $5.21 36
2015 Q3 4,136,597 $20,974,000 +$350,847 $5.07 35
2015 Q2 4,066,080 $21,714,000 -$958,984 $5.34 34
2015 Q1 4,195,763 $25,514,000 +$593,197 $6.10 37
2014 Q4 4,104,967 $21,014,000 +$154,857 $5.11 36
2014 Q3 4,068,274 $23,388,000 +$733,665 $5.75 39
2014 Q2 3,934,114 $23,840,315 -$2,679,260 $6.06 40
2014 Q1 4,495,324 $22,441,237 +$1,251,473 $5.19 44