Horizon Kinetics buys 756 RENN Fund shares at $2.95
RENN Fund, Inc. (RCG) reported an open-market purchase of its common stock by Horizon Kinetics Asset Management LLC, a ten percent owner.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) reported an open-market purchase of its common stock by Horizon Kinetics Asset Management LLC, a ten percent owner. On 2026-08-28, Horizon Kinetics Asset Management LLC purchased 756 shares at $2.95 per share, bringing its reported holdings to 959,880 shares. According to a related note, Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation, serves as investment adviser to RENN Fund, Inc. 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 | $2.95 | $2K |
Holdings After Transaction:
Common Stock — 959,880 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: $2.95
Shares held after transaction: 959,880 shares
+1 more
4 metrics
Shares purchased
756 shares
Common Stock acquired on 2026-08-28 by Horizon Kinetics Asset Management LLC
Purchase price per share
$2.95
Price per share for the 756 shares of Common Stock purchased on 2026-08-28
Shares held after transaction
959,880 shares
Total reported RENN Fund, Inc. Common Stock held by Horizon Kinetics Asset Management LLC following the 2026-08-28 purchase
Net buy shares
756 shares
Net buy activity across all reported transactions in this Form 4
Key Terms
ten percent owner, pecuniary interest, investment adviser
3 terms
ten percent owner regulatory
"HORIZON KINETICS ASSET MANAGEMENT LLC is listed as a ten percent owner"
pecuniary interest financial
"has a pecuniary interest in shares held in 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.
FAQ
What insider transaction did RCG disclose for Horizon Kinetics Asset Management LLC?
RCG disclosed that Horizon Kinetics Asset Management LLC purchased 756 shares of RENN Fund, Inc. common stock on 2026-08-28 at $2.95 per share, increasing its reported holdings to 959,880 shares.
What is Horizon Kinetics Asset Management LLC’s relationship to RCG?
Horizon Kinetics Asset Management LLC is a ten percent owner of RENN Fund, Inc. and serves as the fund’s investment adviser. It has a pecuniary interest in RENN Fund, Inc. shares held in various accounts that it manages.
Was the RCG insider trade made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for this transaction, and there is no footnote stating that the 2026-08-28 purchase was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.