Horizon Kinetics boosts RENN Fund, Inc. (RCG) stake with new share purchase
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc., purchased 756 shares of common stock on July 27, 2026 at $3.03 per share, classified as an open market or private transaction. After this trade it reports beneficial ownership of 941,736 shares, reflecting pecuniary interests in 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 | $3.03 | $2K |
Holdings After Transaction:
Common Stock — 941,736 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: 941,736 shares
3 metrics
Shares purchased
756 shares
Common Stock transaction on July 27, 2026
Purchase price
$3.03 per share
Price for Common Stock purchase on July 27, 2026
Shares owned after transaction
941,736 shares
Reported Common Stock beneficial ownership following July 27, 2026 trade
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 trade was reported for RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund, Inc. common stock at $3.03 per share. After this July 27, 2026 transaction, it reported beneficial ownership of 941,736 shares held through various accounts it manages.
Who is the insider involved in the latest RCG Form 4 filing?
The insider is Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc. and a wholly owned subsidiary of Horizon Kinetics Holding Corporation. It serves as investment adviser to the issuer and holds a pecuniary interest in managed accounts.
Is the Horizon Kinetics RCG trade under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes Horizon Kinetics’ role and pecuniary interest only. There is no indication in the provided information that this particular purchase was executed under a Rule 10b5-1 trading plan.