Horizon Kinetics adds RENN Fund (NYSE: RCG) stake with 756-share buy
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a 10% owner of RENN Fund, Inc., reported purchasing 756 shares of common stock on July 23, 2026 at $3.06 per share. After this purchase, accounts it manages held 940,224 shares. Horizon Kinetics Asset Management LLC, a Delaware limited liability company and wholly owned subsidiary of Horizon Kinetics Holding Corporation, serves as investment adviser to RENN Fund and has a pecuniary interest in shares held in various managed accounts. The transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
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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 | $3.06 | $2K |
Holdings After Transaction:
Common Stock — 940,224 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: $3.06 per share
Shares held after transaction: 940,224 shares
3 metrics
Shares purchased
756 shares
Common stock purchased on July 23, 2026 by Horizon Kinetics Asset Management LLC
Purchase price
$3.06 per share
Price paid for RENN Fund, Inc. common stock in the reported transaction
Shares held after transaction
940,224 shares
Total RENN Fund common shares held in various accounts managed after the purchase
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 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.
limited liability company regulatory
"Horizon Kinetics Asset Management LLC, a Delaware limited liability company"
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 in RENN Fund (RCG) did Horizon Kinetics report?
Horizon Kinetics Asset Management LLC reported a purchase of 756 RENN Fund common shares on July 23, 2026. The filing describes it as a standard purchase transaction, not made under a Rule 10b5-1 trading plan.
Is Horizon Kinetics a 10% owner of RENN Fund (RCG)?
Yes. Horizon Kinetics Asset Management LLC is identified as a ten percent owner of RENN Fund, Inc. in the Form 4. It serves as the fund’s investment adviser and has a pecuniary interest in shares held in managed accounts.
Was the RENN Fund (RCG) trade by Horizon Kinetics under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, meaning the reported purchase of 756 shares was not made under a Rule 10b5-1 trading plan but as a discretionary transaction.