BFRI · Biofrontera Inc. · Shareholders & Ownership
Substantial doubt about the company's ability to continue as a going concern.
“Management believes that these conditions raise substantial doubt about the Company's ability to continue as a going concern for at least twelve months from the issuance date of this Quarterly Report on Form 10-Q.”View the 10-Q filed Aug 13, 2026
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Every disclosed holder of BFRI in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns BFRI
13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 3,745,083 | 25.22% |
| Insiders (Forms 3, 4, 5) | 3,194,497 | 21.51% |
| 13D/G-only blocks | 2,015,813 | 13.57% |
| Remaining | 5,896,966 | 39.70% |
| Registered funds (N-PORT, not summed) | 145,745 | 0.98% |
Shares outstanding: 14,852,359, the issuer's latest cover-page count restated onto today's split basis.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of BFRI
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
AIGH Capital Management LLC
13F
CIK 1835943 · Unknown · Sep 30, 2026
|
1,496,583 | ||
| 2 |
Rosalind Advisors, Inc.
13F
CIK 1622627 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
1,275,609 | ||
| 2.1 |
Rosalind Advisors, Inc.
13G
CIK 1622627 · Unknown · Jun 30, 2026
Rule 13d-1(d), exempt investor, not summed
|
16,801,629 | ||
| 3 |
Orin Hirschman
13G
CIK 1131362 · Investment adviser · Dec 31, 2025
Rule 13d-1(b), qualified institution
|
915,210 | ||
| 4 |
Michael Bigger
13G
CIK 1996245 · Unknown · Feb 19, 2024
Rule 13d-1(c), passive investor, unconfirmed, last confirmed Feb 19, 2024
|
502,754 | ||
| 5 |
DELPHI UNTERNEHMENSBERATUNG AKTIENGESELLSCHAFT
Insider
CIK 1571070 · Sep 16, 2025
10% Owner, issuer-wide
|
458,884 | ||
| 6 |
|
458,884 | ||
| 6.1 |
|
2,552,230 | ||
| 7 |
|
458,884 | ||
| 8 |
|
458,884 | ||
| 9 |
|
400,000 | ||
| 10 |
de la Huerta Martinez Maria del Pilar
Insider
CIK 2084869 · Sep 16, 2025
Director, 10% Owner, issuer-wide
|
400,000 | ||
| 11 |
|
352,711 | ||
| 12 |
|
306,700 | ||
| 13 |
ARMISTICE CAPITAL, LLC
13G
CIK 1601086 · Registered investment adviser · Sep 30, 2024
Rule 13d-1(b), qualified institution, unconfirmed, last confirmed Sep 30, 2024
|
291,149 | ||
| 14 |
|
206,250 | ||
| 15 |
RENAISSANCE TECHNOLOGIES LLC
13F
CIK 1037389 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
157,505 | ||
| 16 |
BARD ASSOCIATES INC
13F
CIK 1105907 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
154,900 | ||
| 17 |
GEODE CAPITAL MANAGEMENT, LLC
13F
CIK 1214717 · Registered investment adviser · Sep 30, 2026
|
110,511 | ||
| 18 |
CITADEL ADVISORS LLC
13F
CIK 1423053 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
104,941 | ||
| 19 |
JANE STREET GROUP, LLC
13F
CIK 1595888 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
93,000 | ||
| 20 |
VANGUARD CAPITAL MANAGEMENT LLC
13F
CIK 2100119 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
71,380 | ||
| 21 |
VANGUARD EXTENDED MARKET INDEX FUND
Fund
S000002841 · Registered fund · Jun 30, 2026
VANGUARD INDEX FUNDS, not summed
|
71,380 | ||
| 22 |
Fidelity Extended Market Index Fund
Fund
S000006021 · Registered fund · Aug 31, 2026
Fidelity Concord Street Trust, not summed
|
66,455 | ||
| 23 |
VANGUARD FIDUCIARY TRUST CO
13F
CIK 933478 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
61,697 | ||
| 24 |
XTX Topco Ltd
13F
CIK 1828301 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
51,894 | ||
| 25 |
HRT FINANCIAL LP
13F
CIK 1475597 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
43,349 | ||
| 26 |
NORTHERN TRUST CORP
13F
CIK 73124 · Bank · Jun 30, 2026
carried, not yet filed for the newest quarter
|
31,536 | ||
| 27 |
CITIGROUP INC
13F
CIK 831001 · Bank · Sep 30, 2026
|
26,668 | ||
| 28 |
UBS Group AG
13F
CIK 1610520 · Bank · Jun 30, 2026
Classes BFRI, BFRIW, carried, not yet filed for the newest quarter
|
18,860 | ||
| 29 |
Sanctuary Advisors, LLC
13F
CIK 1777271 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
10,200 | ||
| 30 |
GSA CAPITAL PARTNERS LLP
13F
CIK 1362033 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
10,022 | ||
| 31 |
JONES FINANCIAL COMPANIES LLLP
13F
CIK 815917 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
10,000 | ||
| 32 |
Clear Street Group Inc.
13F
CIK 1881567 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
9,044 | ||
| 33 |
Fidelity Series Total Market Index Fund
Fund
S000065248 · Registered fund · Aug 31, 2026
Fidelity Concord Street Trust, not summed
|
7,488 | ||
| 34 |
BlackRock, Inc.
13F
CIK 2012383 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
4,622 | ||
| 35 |
OSAIC HOLDINGS, INC.
13F
CIK 1677044 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
1,100 | ||
| 36 |
US BANCORP \DE\
13F
CIK 36104 · Bank · Sep 30, 2026
|
1,000 | ||
| 37 |
Fidelity Total Market Index Fund
Fund
S000006026 · Registered fund · Aug 31, 2026
Fidelity Concord Street Trust, not summed
|
422 | ||
| 38 |
Tower Research Capital LLC (TRC)
13F
CIK 1533421 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
332 | ||
| 39 |
SBI Securities Co., Ltd.
13F
CIK 1851815 · Non-US institution · Sep 30, 2026
|
323 | ||
| 40 |
Caitong International Asset Management Co., Ltd
13F
CIK 1963355 · Unknown · Sep 30, 2026
|
7 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.