RENN Fund, Inc. (NYSE: RCG) holder Horizon Kinetics buys 756 more shares
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc., reported purchasing 756 shares of common stock on July 17, 2026 at $3.02 per share, increasing its direct holdings to 937,200 shares. Horizon Kinetics serves as the investment adviser to RENN Fund and has a pecuniary interest in shares held in 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 | $3.02 | $2K |
Holdings After Transaction:
Common Stock — 937,200 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 per share: $3.02 per share
Shares held after transaction: 937,200 shares
3 metrics
Shares purchased
756 shares
Common stock transaction on July 17, 2026
Purchase price per share
$3.02 per share
Price for the 756 common shares acquired
Shares held after transaction
937,200 shares
Direct holdings with pecuniary interest after the purchase
Key Terms
pecuniary interest, investment adviser, ten percent owner, Rule 10b5-1
4 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 identified as a ten percent owner"
Rule 10b5-1 regulatory
"The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Horizon Kinetics report in its latest Form 4 for RENN Fund (RCG)?
Horizon Kinetics Asset Management reported a purchase of 756 RENN Fund common shares on July 17, 2026 at $3.02 per share. After this transaction, it reported 937,200 shares held directly with a pecuniary interest through accounts it manages.
What is Horizon Kinetics’ total reported holding in RENN Fund (RCG) after this trade?
Following the reported transaction, Horizon Kinetics’ direct position is 937,200 RENN Fund shares. The firm has a pecuniary interest in these shares, which are held in various client accounts that it manages as investment adviser to the fund.
Was Horizon Kinetics’ RENN Fund (RCG) trade made under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not describe the purchase as made under a Rule 10b5-1 trading plan. The filing characterizes it simply as a reported purchase of common stock.
What role does Horizon Kinetics play in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund, Inc. It has a pecuniary interest in shares held across various accounts it manages, linking its economic exposure to the fund’s common stock held for clients.