Horizon Kinetics adds to RENN Fund (NYSE: RCG) stake with stock purchase
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc., reported purchasing 756 shares of Common Stock on July 31, 2026 at $3.03 per share. After this open-market transaction, it reported holding 944,760 shares in various managed accounts in which it has a pecuniary interest.
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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 | $3.03 | $2K |
Holdings After Transaction:
Common Stock — 944,760 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: $3.03 per share
Shares owned after transaction: 944,760 shares
3 metrics
Shares purchased
756 shares
Common Stock acquired on July 31, 2026
Purchase price
$3.03 per share
Price for Common Stock transaction on July 31, 2026
Shares owned after transaction
944,760 shares
Common Stock reported following the July 31, 2026 purchase
Key Terms
pecuniary interest, investment adviser, wholly owned subsidiary
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.
wholly owned subsidiary financial
"a Delaware limited liability company and wholly owned subsidiary"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
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 a purchase of RENN Fund (RCG) Common Stock. On July 31, 2026, it acquired shares in an open-market transaction and updated its total holdings across managed accounts where it has a pecuniary interest.
What are Horizon Kinetics’ total reported RENN Fund (RCG) holdings after the trade?
Following the July 31, 2026 transaction, Horizon Kinetics reported holding 944,760 RENN Fund (RCG) Common shares. These holdings reflect shares in various client accounts it manages, in which it has a pecuniary interest as investment adviser.
Was the July 31, 2026 RENN Fund (RCG) trade made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the transaction was not reported as made under a Rule 10b5-1 trading plan. No footnote describes it as a pre-arranged trading program.
What is Horizon Kinetics’ relationship to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC is described as the investment adviser to RENN Fund (RCG) and a ten percent owner. It manages various accounts that hold RENN shares and has a pecuniary interest in those client holdings as disclosed.