Horizon Kinetics (RCG) ups RENN Fund stake with 756-share open-market 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 2026-08-11 at $2.99 per share. Following this open-market transaction, it reported holding 950,052 shares with direct ownership, reflecting its pecuniary interest as investment adviser to 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 | $2.99 | $2K |
Holdings After Transaction:
Common Stock — 950,052 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: $2.99 per share
Shares held after transaction: 950,052 shares
+1 more
4 metrics
Shares purchased
756 shares
Common stock bought on 2026-08-11
Purchase price
$2.99 per share
Price for common stock transaction on 2026-08-11
Shares held after transaction
950,052 shares
Directly owned common stock following the purchase
Net buy shares
756 shares
Net common shares bought across all reported transactions
Key Terms
pecuniary interest, investment adviser, ten percent owner
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.
ten percent owner regulatory
"HORIZON KINETICS ASSET MANAGEMENT LLC is a ten percent owner"
FAQ
What insider transaction did Horizon Kinetics report for RCG?
Horizon Kinetics Asset Management LLC reported a purchase of 756 RENN Fund (RCG) common shares on 2026-08-11 at $2.99 per share in an open-market or private transaction.
Was the RENN Fund (RCG) trade by Horizon Kinetics under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is unchecked, indicating the reported RENN Fund (RCG) purchase was not affirmed as made under a Rule 10b5-1 trading plan.
What is the role of Horizon Kinetics in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund (RCG) and has a pecuniary interest in shares held in various client accounts it manages, according to the footnote.
What type of security did Horizon Kinetics purchase in RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC purchased common stock of RENN Fund (RCG), acquiring 756 shares at a price of $2.99 per share in this reported transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.