Horizon Kinetics adds RENN Fund (RCG) shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., bought 756 shares of common stock in an open-market purchase at $2.85 per share. After this transaction, it directly holds 920,568 shares, modestly increasing its stake through accounts it manages.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares ($2,155)
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
null
Bought
756 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 756 | $2.85 | $2K |
Holdings After Transaction:
Common Stock — 920,568 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 756 shares
Purchase price: $2.85 per share
Shares after transaction: 920,568 shares
+2 more
5 metrics
Shares purchased
756 shares
Open-market purchase on 2026-06-15
Purchase price
$2.85 per share
Price for RENN Fund common stock
Shares after transaction
920,568 shares
Direct holdings following the trade
Net buy shares
756 shares
Net change in position from this filing
Transaction code
P (purchase)
Open-market or private transaction classification
Key Terms
open-market purchase, pecuniary interest, investment adviser, ten percent owner
4 terms
open-market purchase financial
"bought 756 shares of common stock in an open-market purchase at"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
pecuniary interest financial
"has a pecuniary interest in shares of the Issuer through various accounts"
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.
ten percent owner regulatory
"HORIZON KINETICS ASSET MANAGEMENT LLC is indicated as a ten percent owner"
FAQ
What insider transaction did Horizon Kinetics report for RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund common stock in an open-market transaction at $2.85 per share, modestly increasing the shares it directly holds.
Was the Horizon Kinetics RENN Fund (RCG) trade a purchase or sale?
The trade was a purchase. Horizon Kinetics Asset Management LLC executed an open-market buy of 756 RENN Fund common shares, coded as a “P” transaction, which indicates a purchase in the reporting framework.
What is Horizon Kinetics’ role in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund and has a pecuniary interest in its shares through various managed accounts, as disclosed in the filing’s footnote.