Who owns Rafael Holdings, Inc. (RFL)
Which tracked institutional funds hold RFL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RFL company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
1 tracked fund added or opened RFL while 1 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
RFL’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes RFL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in RFL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 44 tracked filers holding RFL, 15 increased or opened the position and 20 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in RFL between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- VANGUARD CAPITAL MANAGEMENT LLC$2M
Full exits 1
- VANGUARD GROUP INC$2M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,259,911 | $2M | 21.0% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 442,404 | $553K | 7.4% | 2026-Q1 |
| BlackRock, Inc. added | 365,618 | $457K | 6.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 278,910 | $349K | 4.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 204,955 | $256K | 3.4% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 189,960 | $237K | 3.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 103,351 | $129K | 1.7% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 89,138 | $111K | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP | 84,014 | $105K | 1.4% | 2026-Q1 |
| STATE STREET CORP | 62,170 | $78K | 1.0% | 2026-Q1 |
| KAHN BROTHERS GROUP INC trimmed | 58,557 | $73K | 1.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 56,420 | $71K | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 45,045 | $56K | 0.7% | 2026-Q1 |
| Cerity Partners LLC trimmed | 44,732 | $56K | 0.7% | 2026-Q1 |
| Americana Partners, LLC | 43,793 | $55K | 0.7% | 2026-Q1 |
| XTX Topco Ltd added | 30,742 | $38K | 0.5% | 2026-Q1 |
| Wellington Shields Capital Management, LLC added | 26,000 | $32K | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 23,278 | $29K | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 21,060 | $26K | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 18,599 | $23K | 0.3% | 2026-Q1 |
| Virtu Financial LLC added | 13,579 | $17K | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 10,581 | $13K | 0.2% | 2026-Q1 |
| MORGAN STANLEY | 9,808 | $12K | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 10,278 | $12K | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 7,763 | $10K | 0.1% | 2026-Q1 |
| Tower Research Capital LLC (TRC) trimmed | 2,071 | $3K | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 1,937 | $2K | 0.0% | 2026-Q1 |
| Advocate Investing Services LLC | 1,849 | $2K | 0.0% | 2026-Q1 |
| NFSG Corp | 1,500 | $2K | 0.0% | 2026-Q1 |
| PFS Partners, LLC | 1,450 | $2K | 0.0% | 2026-Q1 |
| Quent Capital, LLC added | 466 | $583 | 0.0% | 2026-Q1 |
| DEUTSCHE BANK AG\ | 325 | $406 | 0.0% | 2026-Q1 |
| SIMPLEX TRADING, LLC added | 137 | $171 | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC | 82 | $103 | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO | 62 | $76 | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 50 | $63 | 0.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC | 32 | $40 | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC | 24 | $30 | 0.0% | 2026-Q1 |
| Caitong International Asset Management Co., Ltd new | 8 | $10 | 0.0% | 2026-Q1 |
| CWM, LLC | 8 | $10 | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS | 6 | $8 | 0.0% | 2026-Q1 |
| CITIGROUP INC | 1 | $1 | 0.0% | 2026-Q1 |
| Covestor Ltd | 8 | — | 0.0% | 2026-Q1 |
| FNY Investment Advisers, LLC trimmed | 100 | — | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,493,277 | $2M | 23.5% | 2025-Q4 stale |
| Peapod Lane Capital LLC added | 336,393 | $629K | 8.4% | 2025-Q1 stale |
| Founders Fund V Management, LLC | 169,451 | $200K | 2.7% | 2025-Q4 stale |
| Cable Car Capital, LP new | 100,000 | $173K | 2.3% | 2025-Q2 stale |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 36,656 | $69K | 0.9% | 2025-Q1 stale |
| PRICE T ROWE ASSOCIATES INC /MD/ | 29,321 | $51K | 0.7% | 2025-Q2 stale |
| MARSHALL WACE, LLP added | 28,700 | $50K | 0.7% | 2025-Q2 stale |
| Founders Fund VI Management, LLC | 38,784 | $46K | 0.6% | 2025-Q4 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 23,112 | $43K | 0.6% | 2025-Q1 stale |
| TWO SIGMA SECURITIES, LLC added | 17,335 | $24K | 0.3% | 2025-Q3 stale |
| GOLDMAN SACHS GROUP INC trimmed | 15,063 | $18K | 0.2% | 2025-Q4 stale |
| CAPTRUST FINANCIAL ADVISORS added | 10,036 | $17K | 0.2% | 2025-Q2 stale |
| Causey Wealth LLC | 12,562 | $17K | 0.2% | 2025-Q3 stale |
| JONES FINANCIAL COMPANIES LLLP | 6,538 | $8K | 0.1% | 2025-Q4 stale |
| OPTIMUM INVESTMENT ADVISORS | 4,000 | $5K | 0.1% | 2025-Q3 stale |
| RHUMBLINE ADVISERS | 2,866 | $5K | 0.1% | 2025-Q1 stale |
| BARCLAYS PLC added | 1,602 | $2K | 0.0% | 2025-Q3 stale |
| SVB WEALTH LLC new | 1,142 | $2K | 0.0% | 2025-Q1 stale |
| GROUP ONE TRADING LLC trimmed | 1,145 | $2K | 0.0% | 2025-Q2 stale |
| BANK OF AMERICA CORP /DE/ trimmed | 1,175 | $1K | 0.0% | 2025-Q4 stale |
| NATIONAL BANK OF CANADA /FI/ | 705 | $959 | 0.0% | 2025-Q3 stale |
| RAYMOND JAMES FINANCIAL INC new | 450 | $779 | 0.0% | 2025-Q2 stale |
| American Capital Advisory, LLC | 97 | $115 | 0.0% | 2025-Q4 stale |
| FMR LLC trimmed | 71 | $97 | 0.0% | 2025-Q3 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
| ROYAL BANK OF CANADA trimmed | 17 | — | 0.0% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.