Horizon Kinetics (RCG) boosts RENN Fund stake with open-market share purchase
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc., reported an open-market purchase of 756 shares of common stock at $2.96 per share on 2026-08-10. Following this transaction, it reports 949,296 shares held with direct ownership, reflecting its pecuniary interest in accounts it manages as investment adviser.
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 | $2.96 | $2K |
Holdings After Transaction:
Common Stock — 949,296 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: $2.96 per share
Shares held after transaction: 949,296 shares
3 metrics
Shares purchased
756 shares
Common Stock bought on 2026-08-10, transaction code P
Purchase price
$2.96 per share
Price for 756-share Common Stock purchase on 2026-08-10
Shares held after transaction
949,296 shares
Total Common Stock directly owned following the reported purchase
Key Terms
pecuniary interest, investment adviser, ten percent owner
3 terms
pecuniary interest financial
"has a pecuniary interest in shares held in various accounts that it manages"
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 financial
"HORIZON KINETICS ASSET MANAGEMENT LLC is marked as a ten percent owner"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Horizon Kinetics Asset Management LLC buy in RCG’s latest Form 4?
Horizon Kinetics Asset Management LLC reported purchasing 756 shares of RENN Fund, Inc. common stock at $2.96 per share on 2026-08-10, in an open-market or private transaction, increasing its reported directly owned position.
Was the RENN Fund (RCG) Form 4 trade under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states a trading plan. The reported 756-share purchase at $2.96 per share therefore is not described as made under a pre-arranged Rule 10b5-1 plan.
Who is the reporting person for the latest RCG insider transaction?
The reporting person is Horizon Kinetics Asset Management LLC, a Delaware limited liability company and wholly owned subsidiary of Horizon Kinetics Holding Corporation, which serves as investment adviser to RENN Fund, Inc. and has a pecuniary interest in managed accounts.
What type of transaction was reported for RENN Fund (RCG) on this Form 4?
The Form 4 reports a purchase of RENN Fund, Inc. common stock, coded “P” for open-market or private transaction, covering 756 shares at a price of $2.96 per share on 2026-08-10.