RENN Fund, Inc. (RCG) 10% owner Horizon Kinetics adds 756 common shares
Rhea-AI Filing Summary
RENN Fund, Inc. reported that Horizon Kinetics Asset Management LLC, a ten percent owner and the fund’s investment adviser, purchased 756 shares of common stock on July 29, 2026 at $3.04 per share. Following this open-market purchase, Horizon Kinetics has a pecuniary interest in 943,248 shares held across various managed accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
756 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 756 | $3.04 | $2K |
Holdings After Transaction:
Common Stock — 943,248 shares (Direct)
Footnotes (1)
- F1. Horizon Kinetics Asset Management LLC, a Delaware limited liability company and wholly owned subsidiary of Horizon Kinetics Holding Corporation, serves as the investment adviser to the Issuer and has a pecuniary interest in shares held in various accounts that it manages.
Key Figures
Shares purchased: 756 shares
Purchase price: $3.04 per share
Holdings after transaction: 943,248 shares
+1 more
4 metrics
Shares purchased
756 shares
Common stock bought on July 29, 2026
Purchase price
$3.04 per share
Price for the 756 RENN Fund common shares
Holdings after transaction
943,248 shares
Total common shares with pecuniary interest after the purchase
Insider status
Ten percent owner
Reporting person identified as a ten percent owner of RENN Fund, Inc.
Key Terms
investment adviser, pecuniary interest, ten percent owner, open market or private transaction
4 terms
investment adviser financial
"serves as the investment adviser to the Issuer and has a pecuniary interest"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
pecuniary interest financial
"and has a pecuniary interest in shares held in various accounts that it manages"
ten percent owner regulatory
"reporting person is indicated as a ten percent owner of the issuer"
open market or private transaction financial
"transaction code "P" indicates a Purchase in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RENN Fund (RCG) disclose in this Form 4?
RENN Fund disclosed that Horizon Kinetics Asset Management LLC purchased 756 shares of its common stock. The transaction was an open-market or private purchase, increasing Horizon Kinetics’ pecuniary interest in RENN Fund shares.
What is Horizon Kinetics’ relationship to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC is the investment adviser to RENN Fund, Inc. and is reported as a ten percent owner, with a pecuniary interest in shares held in multiple managed accounts.
Was the RENN Fund (RCG) insider purchase made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5‑1 checkbox was not selected, so the reported purchase of 756 shares at $3.04 by Horizon Kinetics was not affirmed as being executed under a Rule 10b5‑1 trading plan.
Is the Horizon Kinetics transaction in RENN Fund (RCG) direct or indirect ownership?
The Form 4 classifies the 943,248 shares following the transaction as direct ownership by Horizon Kinetics Asset Management LLC, reflecting its pecuniary interest in client accounts it manages.