RFLNYSEPharmaceutical PreparationsFiscal year ends July 31
Rafael Holdings, Inc.
Financials through Q3 FY2026, quarter ended Apr 30, 2026Last filing: 10-Q on Jun 11, 2026
$1.29−0.10 (-7.19%)
Close on Oct 19, 2026
- Market cap
- $66.09M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
7.5%
4M of 52M shares
Institutional holders
43
6 new, 5 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| I9 Plus, LLC | 3,616,431 | 7.00% | 13D (active) amendment | Jun 5, 2025 |
| Howard S. Jonas | 14,688,994 | 28.40% | 13D (active) amendment | Jun 5, 2025 |
| Rafael Holdings, Inc. | 12,780,543 | 49.00% | 13D (active) amendment | Oct 20, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of RFL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Vanguard Capital Management LLC | 1,365,997 | 2.63% | $4.48M | +106,086 | 0.00% |
| Geode Capital Management, LLC | 429,879 | 0.83% | $1.41M | −12,525 | 0.00% |
| BlackRock, Inc. | 390,068 | 0.75% | $1.28M | +24,450 | 0.00% |
| Dimensional Fund Advisors LP | 278,910 | 0.54% | $914.75K | – | 0.00% |
| Vanguard Fiduciary Trust Co | 206,521 | 0.40% | $677.39K | +1,566 | 0.00% |
| Ieq Capital, LLC | 164,963 | 0.32% | $541.08K | −24,997 | 0.00% |
| State Street Corp | 157,270 | 0.30% | $515.85K | +95,100 | 0.00% |
| Kahn Brothers Group Inc | 150,493 | 0.29% | $493.62K | +91,936 | 0.08% |
| Jane Street Group, LLC | 112,720 | 0.22% | $369.72K | +67,675 | 0.00% |
| Wells Fargo & Company/Mn | 103,590 | 0.20% | $339.77K | +239 | 0.00% |
| Northern Trust Corp | 88,602 | 0.17% | $290.61K | +4,588 | 0.00% |
| Susquehanna International Group, Llp | 70,673 | 0.14% | $231.81K | +47,395 | 0.00% |
| Renaissance Technologies LLC | 59,815 | 0.12% | $196.19K | −29,323 | 0.00% |
| LPL Financial LLC | 55,770 | 0.11% | $182.93K | −650 | 0.00% |
| Citadel Advisors LLC | 49,122 | 0.09% | $161.12K | +38,541 | 0.00% |
| Cerity Partners LLC | 44,023 | 0.08% | $144.40K | −709 | 0.00% |
| Americana Partners, LLC | 43,793 | 0.08% | $143.64K | – | 0.00% |
| Wellington Shields Capital Management, LLC | 28,953 | 0.06% | $94.97K | +2,953 | 0.01% |
| Wealth Enhancement Advisory Services, LLC | 16,937 | 0.03% | $37.77K | −1,662 | 0.00% |
| Virtu Financial LLC | 14,157 | 0.03% | $46 | +578 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 43 | 4M | 7.5% | 6 / 15 | 9 / 5 | 1M | 0M |
| Q1 2026 | 43 | 4M | 6.8% | 7 / 7 | 13 / 4 | 2M | 0M |
| Q4 2025 | 43 | 4M | 7.6% | 3 / 9 | 13 / 9 | 0M | 0M |
| Q3 2025 | 50 | 4M | 7.8% | 7 / 17 | 9 / 6 | 1M | 0M |
| Q2 2025 | 49 | 4M | 7.1% | 15 / 15 | 6 / 7 | 1M | 0M |
| Q1 2025 | 41 | 3M | 6.1% | 11 / 12 | 7 / 7 | 1M | 0M |
| Q4 2024 | 37 | 2M | 4.6% | 7 / 9 | 9 / 3 | 0M | 0M |
| Q3 2024 | 33 | 2M | 4.5% | 3 / 7 | 6 / 11 | 0M | 0M |
| Q2 2024 | 43 | 3M | 4.8% | 2 / 7 | 16 / 3 | 0M | 0M |
| Q1 2024 | 45 | 3M | 5.4% | 3 / 6 | 17 / 2 | 0M | 0M |
| Q4 2023 | 44 | 3M | 5.4% | 4 / 14 | 8 / 2 | 0M | 0M |
| Q3 2023 | 42 | 3M | 4.8% | 0 / 5 | 18 / 3 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of RFL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 854,864 | 1.64% | $2.80M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 474,431 | 0.91% | $1.56M | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 213,525 | 0.41% | $292.53K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 108,615 | 0.21% | $356.26K | 0.02% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 92,711 | 0.18% | $179.86K | 0.00% | Jul 31, 2026 |
| Fidelity Total Market Index Fund | 74,962 | 0.14% | $102.70K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 58,483 | 0.11% | $80.12K | 0.00% | May 31, 2026 |
| Dimensional U.S. Small Cap ETF | 27,736 | 0.05% | $53.81K | 0.00% | Jul 31, 2026 |
| U.S. Vector Equity Portfolio | 20,549 | 0.04% | $39.87K | 0.00% | Jul 31, 2026 |
| U.S. Core Equity 2 Portfolio | 20,215 | 0.04% | $39.22K | 0.00% | Jul 31, 2026 |
| U.S. Core Equity 1 Portfolio | 19,697 | 0.04% | $38.21K | 0.00% | Jul 31, 2026 |
| Vanguard Balanced Index Fund | 18,676 | 0.04% | $61.26K | 0.00% | Jun 30, 2026 |
| Vanguard Institutional Total Stock Market Index Fund | 18,026 | 0.03% | $59.13K | 0.00% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 17,033 | 0.03% | $33.04K | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 16,227 | 0.03% | $31.48K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Howard S. Jonas | Exec Chairman, CEO & President, Director, 10% owner | 15,042,108 | 28.93% | Jul 31, 2026 |
| David Polinsky | Chief Financial Officer | 297,084 | 0.57% | Sep 23, 2026 |
| Joshua M. Fine | Chief Operating Officer | 9,380 | 0.02% | Sep 5, 2025 |
| William Conkling | Chief Executive Officer | 564,455 | 1.09% | Apr 24, 2025 |
| John Goldberg | CHIEF MEDICAL OFFICER | 50,000 | 0.10% | Jan 15, 2025 |
| Markus Sieger | Director | 219,710 | 0.42% | Jan 30, 2026 |
| Mark N. Stein | Director | 50,845 | 0.10% | Jan 29, 2026 |
| Michael J. Weiss | Director | 141,861 | 0.27% | Jan 29, 2026 |
| Alan Grayson | Director | 6,562 | 0.01% | Jan 29, 2026 |
| N. Scott Fine | Director | 335,348 | 0.64% | Jul 22, 2025 |
| Stephen M. Greenberg | Director | 102,491 | 0.20% | Jan 8, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David Polinsky Chief Financial Officer | Sep 21, 2026 | Tax withholding | −2,027 | $2.03 | $4.11K | 297,084 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jul 29, 2026 | Award | +54,945 | $2.73 | $150.00K | 512,030 |
| David Polinsky Chief Financial Officer | Jun 21, 2026 | Tax withholding | −2,386 | $2.64 | $6.30K | 299,111 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jun 13, 2026 | Award | +142,857 | $1.75 | $250.00K | 457,085 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jun 13, 2026 | Tax withholding | −8,786 | $2.33 | $20.47K | 314,228 |
| David Polinsky Chief Financial Officer | Mar 21, 2026 | Tax withholding | −2,318 | $1.28 | $2.97K | 301,497 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Mar 13, 2026 | Tax withholding | −9,826 | $1.50 | $14.74K | 323,014 |
| Markus Sieger Director | Jan 28, 2026 | Award | +29,528 | $1.27 | $37.50K | 219,710 |
| Michael J. Weiss Director | Jan 28, 2026 | Award | +39,370 | $1.27 | $50.00K | 141,861 |
| Alan Grayson Director | Jan 28, 2026 | Award | +6,562 | $1.27 | $8.33K | 6,562 |
| Mark N. Stein Director | Jan 28, 2026 | Award | +39,370 | $1.27 | $50.00K | 50,845 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jan 13, 2026 | Award | +75,000 | $1.25 | $93.75K | 332,840 |
| David Polinsky Chief Financial Officer | Jan 13, 2026 | Award | +50,000 | $1.25 | $62.50K | 303,815 |
| David Polinsky Chief Financial Officer | Jan 13, 2026 | Tax withholding | −4,865 | $1.25 | $6.08K | 253,815 |
| David Polinsky Chief Financial Officer | Dec 21, 2025 | Tax withholding | −1,961 | $1.29 | $2.53K | 258,680 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Dec 13, 2025 | Tax withholding | −9,867 | $1.50 | $14.80K | 257,840 |
| David Polinsky Chief Financial Officer | Oct 25, 2025 | Tax withholding | −4,180 | $1.35 | $5.64K | 260,641 |
| David Polinsky Chief Financial Officer | Sep 23, 2025 | Tax withholding | −1,284 | $1.48 | $1.90K | 264,821 |
| David Polinsky Chief Financial Officer | Sep 21, 2025 | Tax withholding | −1,970 | $1.49 | $2.94K | 266,105 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Sep 13, 2025 | Tax withholding | −9,905 | $1.35 | $13.37K | 267,707 |
| David Polinsky Chief Financial Officer | Jun 21, 2025 | Tax withholding | −2,347 | $1.60 | $3.76K | 268,075 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jun 13, 2025 | Award | +118,596 | $2.11 | $250.24K | 277,612 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jun 5, 2025 | Buy | +457,031 | $1.28 | $585.00K | 457,031 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jun 5, 2025 | Buy | +12,299,207 | $1.28 | $15.74M | 12,299,207 |
| Howard S. Jonas Exec Chairman, CEO & President, Director, 10% owner | Jun 5, 2025 | Buy | +324,219 | $1.28 | $415.00K | 324,219 |
| David Polinsky Chief Financial Officer | May 29, 2025 | Option exercise | +76,882 | $1.28 | $98.41K | 270,422 |
| Markus Sieger Director | May 27, 2025 | Option exercise | +35,000 | $1.28 | $44.80K | 190,182 |
| William Conkling Chief Executive Officer | Mar 25, 2025 | Award | +27,454 | – | – | 564,455 |
| William Conkling Chief Executive Officer | Mar 21, 2025 | Tax withholding | −14,814 | $1.93 | $28.59K | 537,001 |
| David Polinsky Chief Financial Officer | Mar 21, 2025 | Tax withholding | −2,378 | $1.93 | $4.59K | 193,540 |
| William Conkling Chief Executive Officer | Jan 13, 2025 | Award | +60,000 | $1.95 | $117.00K | 551,815 |
| David Polinsky Chief Financial Officer | Jan 13, 2025 | Award | +50,000 | $1.95 | $97.50K | 195,918 |
| John Goldberg CHIEF MEDICAL OFFICER | Jan 13, 2025 | Award | +50,000 | $1.95 | $97.50K | 50,000 |
| Mark N. Stein Director | Jan 6, 2025 | Award | +11,475 | $1.82 | $20.88K | 11,475 |
| Stephen M. Greenberg Director | Jan 6, 2025 | Award | +27,541 | $1.82 | $50.12K | 102,491 |
| Michael J. Weiss Director | Jan 6, 2025 | Award | +27,541 | $1.82 | $50.12K | 102,491 |
| William Conkling Chief Executive Officer | Dec 21, 2024 | Tax withholding | −12,807 | $1.84 | $23.56K | 491,815 |
| David Polinsky Chief Financial Officer | Dec 21, 2024 | Tax withholding | −2,002 | $1.84 | $3.68K | 145,918 |
| David Polinsky Chief Financial Officer | Oct 25, 2024 | Tax withholding | −3,331 | $1.84 | $6.13K | 147,920 |
| William Conkling Chief Executive Officer | Oct 25, 2024 | Tax withholding | −3,431 | $1.84 | $6.31K | 504,622 |
| David Polinsky Chief Financial Officer | Sep 23, 2024 | Tax withholding | −1,431 | $1.73 | $2.48K | 151,251 |
| David Polinsky Chief Financial Officer | Sep 21, 2024 | Tax withholding | −2,384 | $1.73 | $4.12K | 152,682 |
| William Conkling Chief Executive Officer | Sep 21, 2024 | Tax withholding | −12,696 | $1.73 | $21.96K | 508,053 |
| Howard S. Jonas Executive Chairman, Director | Jul 24, 2024 | Other | +563,538 | – | – | 563,538 |
| Howard S. Jonas Executive Chairman, Director | Jul 24, 2024 | Other | −563,538 | – | – | 0 |
| Howard S. Jonas Executive Chairman, Director | Jun 26, 2024 | Other | +563,538 | – | – | 563,538 |
| Howard S. Jonas Executive Chairman, Director | Jun 26, 2024 | Other | −563,538 | – | – | 0 |
| William Conkling Chief Executive Officer | Jun 21, 2024 | Tax withholding | −13,295 | $1.46 | $19.41K | 520,749 |
| David Polinsky Chief Financial Officer | Jun 21, 2024 | Tax withholding | −2,296 | $1.46 | $3.35K | 155,066 |
| Howard S. Jonas Executive Chairman, Director | Jun 17, 2024 | Other | +187,427 | – | – | 563,538 |
| Howard S. Jonas Executive Chairman, Director | Jun 17, 2024 | Other | −187,427 | – | – | 159,016 |
| Howard S. Jonas Executive Chairman, Director | Jun 14, 2024 | Other | −376,111 | – | – | 346,443 |
| Howard S. Jonas Executive Chairman, Director | Jun 14, 2024 | Other | +376,111 | – | – | 376,111 |
| Howard S. Jonas Executive Chairman, Director | Jun 13, 2024 | Award | +159,016 | – | – | 722,554 |
| Howard S. Jonas Executive Chairman, Director | Apr 4, 2024 | Other | −348,259 | – | – | 0 |
| Howard S. Jonas Executive Chairman, Director | Apr 4, 2024 | Other | +348,259 | – | – | 563,538 |
| William Conkling Chief Executive Officer | Mar 21, 2024 | Tax withholding | +15,473 | $1.71 | $26.46K | 534,044 |
| David Polinsky Chief Financial Officer | Mar 21, 2024 | Tax withholding | −2,300 | $1.71 | $3.93K | 157,362 |
| Howard S. Jonas Executive Chairman, Director | Jan 30, 2024 | Other | +348,259 | – | – | 348,259 |
| Howard S. Jonas Executive Chairman, Director | Jan 30, 2024 | Other | −348,259 | – | – | 215,279 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.