Horizon Kinetics adds RENN Fund (NYSE: RCG) shares in insider buy
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, reported as a ten percent owner of RENN Fund, Inc., filed that it purchased 756 shares of Common Stock on July 24, 2026 at $3.02 per share, classified as a purchase in the open market or a private transaction. After this trade, it reports direct holdings with pecuniary interest in managed accounts of 940,980 shares. The filing indicates this purchase was not made pursuant to a Rule 10b5-1 trading plan.
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 — 940,980 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: $3.02 per share
Shares held after transaction: 940,980 shares
+2 more
5 metrics
Shares purchased
756 shares
Common Stock acquired on July 24, 2026
Purchase price
$3.02 per share
Price for RENN Fund Common Stock in the reported trade
Shares held after transaction
940,980 shares
Direct holdings with pecuniary interest after the July 24, 2026 purchase
Reported buy transactions
1 transaction
Number of buy transactions disclosed in this Form 4
Net shares bought
756 shares
Net buy shares across all reported transactions in this filing
Key Terms
pecuniary interest, investment adviser, limited liability company
3 terms
pecuniary interest financial
"has a pecuniary interest in shares held in various accounts"
investment adviser financial
"serves as the investment adviser to the Issuer"
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.
limited liability company financial
"a Delaware limited liability company and wholly owned subsidiary"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Horizon Kinetics report for RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC reported buying 756 RENN Fund (RCG) common shares at $3.02 per share on July 24, 2026. This transaction is classified as a purchase in the open market or a private transaction and is disclosed on a Form 4.
Was the Horizon Kinetics RENN Fund (RCG) purchase under a Rule 10b5-1 plan?
The Form 4 indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan. The document’s Rule 10b5-1 checkbox is left unchecked, so the timing reflects a discretionary purchase rather than execution under a pre-arranged trading plan.
What is Horizon Kinetics’ relationship to RENN Fund (RCG) in this filing?
Horizon Kinetics Asset Management LLC is identified as a ten percent owner of RENN Fund (RCG) and serves as the fund’s investment adviser. It has a pecuniary interest in shares held in various client accounts that it manages for the issuer.