RESEARCH FRONTIERS INC - common stock (REFR) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / common stock
Symbol
REFR on Nasdaq
Shares outstanding
33,749,130
Price per share
$1.30
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
3,980,437
Total reported value
$5,214,236
% of total 13F portfolios
0%
Share change
-224,189
Value change
-$298,721
Number of holders
34
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 31 Dec 2025, 34 institutional investors reported holding 3,980,437 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 2.7% 918,182 -7.4% 0.02% $1,202,818
VANGUARD GROUP INC 2.3% 774,479 +20% 0% $1,014,567
BlackRock, Inc. 1.8% 605,126 +0.64% 0% $792,715
Focus Partners Wealth 1.5% 496,422 -44% 0% $650,313
GEODE CAPITAL MANAGEMENT, LLC 0.92% 311,211 +1% 0% $407,795
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.36% 123,002 +34% 0% $161,133
STATE STREET CORP 0.31% 105,623 0% 0% $138,366
Kingsview Wealth Management, LLC 0.31% 103,060 -28% 0% $135,009
SHUFRO ROSE & CO LLC 0.29% 97,500 -14% 0.01% $127,725
RENAISSANCE TECHNOLOGIES LLC 0.23% 78,282 -11% 0% $102,549
CITADEL ADVISORS LLC 0.18% 60,312 0% $79,009
NORTHERN TRUST CORP 0.16% 52,630 +1.4% 0% $68,945
RAYMOND JAMES FINANCIAL INC 0.13% 42,932 +3.9% 0% $56,241
TWO SIGMA SECURITIES, LLC 0.07% 22,874 0% $29,965
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% 21,870 0% 0% $28,650
XTX Topco Ltd 0.06% 21,057 0% $27,585
Virtu Financial LLC 0.06% 20,798 0% $27,000
FreeGulliver LLC 0.06% 20,000 0% 0.01% $26,200
HM PAYSON & CO 0.06% 20,000 0% 0% $26,200
JANE STREET GROUP, LLC 0.04% 15,091 0% $19,770
HALBERT HARGROVE GLOBAL ADVISORS, LLC 0.04% 15,000 0% $19,650
MERCER GLOBAL ADVISORS INC /ADV 0.04% 14,000 0% 0% $18,340
Schonfeld Strategic Advisors LLC 0.04% 13,836 +2.2% 0% $18,124
HB Wealth Management, LLC 0.03% 10,000 0% 0% $13,100
OSAIC HOLDINGS, INC. 0.01% 4,000 0% $5,240

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 Q4 3,980,437 $5,214,236 -$298,721 $1.31 34
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