Horizon Kinetics (RCG) adds to RENN Fund position with share purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc., bought 756 shares of common stock in an open-market purchase at $2.93 per share on June 30, 2026. Following this trade, it directly holds 928,128 shares, reflecting a small addition to its existing position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares ($2,215)
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 | $2.93 | $2K |
Holdings After Transaction:
Common Stock — 928,128 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 756 shares
Purchase price: $2.93 per share
Shares held after transaction: 928,128 shares
+2 more
5 metrics
Shares purchased
756 shares
Open-market purchase on June 30, 2026
Purchase price
$2.93 per share
Price for the 756-share buy
Shares held after transaction
928,128 shares
Total direct holdings following the trade
Net shares bought
756 shares
Net buy shares in this Form 4
Buy transactions count
1 transaction
Number of buy trades reported
Key Terms
open-market purchase, pecuniary interest, investment adviser, ten percent owner
4 terms
open-market purchase financial
"transaction_action": "open-market purchase""
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"
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.
ten percent owner financial
""is_ten_percent_owner": 1"
FAQ
What insider transaction did Horizon Kinetics report in RCG on June 30, 2026?
Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund, Inc. common stock at $2.93 per share on June 30, 2026. This was an open-market purchase reported on Form 4 for ticker RCG.
Was the Horizon Kinetics RENN Fund (RCG) transaction a buy or a sell?
The transaction was a buy. Horizon Kinetics Asset Management LLC executed an open-market purchase of 756 RENN Fund, Inc. common shares at $2.93 each, as indicated by transaction code P and the buy classification in the Form 4 data.
What role does Horizon Kinetics play in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund, Inc. and has a pecuniary interest in its shares through various managed accounts. The Form 4 also identifies Horizon Kinetics as a ten percent owner of the issuer’s common stock.