Horizon Kinetics adds to RENN Fund, Inc. (RCG) stake with open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a 10% owner of RENN Fund, Inc., purchased 756 shares of common stock in an open-market transaction on July 15, 2026 at $3.00 per share. Following the trade, it directly holds 935,688 shares. Horizon Kinetics serves as the investment adviser to RENN Fund and has a pecuniary interest in these shares through various managed accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares ($2,268)
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 | 756 | $3.00 | $2K |
Holdings After Transaction:
Common Stock — 935,688 shares (Direct)
Footnotes (1)
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Key Figures
Shares purchased: 756 shares
Purchase price: $3.0000 per share
Shares held after transaction: 935,688 shares
+1 more
4 metrics
Shares purchased
756 shares
Open-market purchase of common stock on July 15, 2026
Purchase price
$3.0000 per share
Price paid for RENN Fund common stock in the reported transaction
Shares held after transaction
935,688 shares
Direct ownership by Horizon Kinetics Asset Management following the purchase
Buy transactions reported
1
Single open-market purchase of common stock disclosed in this Form 4
Key Terms
pecuniary interest, investment adviser, ten percent owner, open-market purchase
4 terms
pecuniary interest financial
"has a pecuniary interest in shares of the Issuer through various accounts"
investment adviser financial
"Horizon Kinetics Asset Management LLC 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 regulatory
"HORIZON KINETICS ASSET MANAGEMENT LLC is reported as a ten percent owner"
open-market purchase financial
"transaction_action is described as an open-market purchase of common stock"
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.
FAQ
What insider purchase did Horizon Kinetics report for RENN Fund (RCG)?
Horizon Kinetics Asset Management, a 10% owner and investment adviser to RENN Fund, bought 756 common shares at $3.00 per share on July 15, 2026, in an open-market transaction, increasing its direct holdings to 935,688 shares.
What is Horizon Kinetics’ relationship to RENN Fund (RCG)?
Horizon Kinetics Asset Management serves as the investment adviser to RENN Fund, Inc. and has a pecuniary interest in the fund’s shares through various accounts it manages. It is also reported as a ten percent owner of the issuer’s common stock.
Did the RENN Fund (RCG) insider activity involve derivatives?
The reported activity involves only common stock. Horizon Kinetics Asset Management’s July 15, 2026 transaction was an open-market purchase of 756 shares at $3.00 per share, and no derivative securities transactions are included in this Form 4 data.