Horizon Kinetics buys 756 RENN Fund shares at $2.87
RENN Fund, Inc. (RCG) reported an insider purchase by Horizon Kinetics Asset Management LLC, a ten percent owner.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) reported an insider purchase by Horizon Kinetics Asset Management LLC, a ten percent owner. On 2026-08-21, Horizon Kinetics purchased 756 shares of common stock at $2.87 per share. Following this transaction, it had 956,100 shares reported with a pecuniary interest through accounts it manages as investment adviser.
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 | $2.87 | $2K |
Holdings After Transaction:
Common Stock — 956,100 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 of Common Stock
Purchase price: $2.87 per share
Shares held after transaction: 956,100 shares
3 metrics
Shares purchased
756 shares of Common Stock
Purchased on 2026-08-21 by Horizon Kinetics Asset Management LLC
Purchase price
$2.87 per share
Price for the 756 shares purchased on 2026-08-21
Shares held after transaction
956,100 shares
Total RCG common shares in which Horizon Kinetics Asset Management LLC had a reported pecuniary interest after the purchase
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 RCG report for Horizon Kinetics Asset Management LLC?
RCG reported that Horizon Kinetics Asset Management LLC purchased 756 shares of common stock on 2026-08-21 at $2.87 per share, increasing its reported holdings with a pecuniary interest to 956,100 shares held in various managed accounts.
Is Horizon Kinetics Asset Management LLC a ten percent owner of RCG?
Yes. Horizon Kinetics Asset Management LLC is identified as a ten percent owner of RENN Fund, Inc. in the filing and serves as the investment adviser to the issuer with a pecuniary interest in shares held in various managed accounts.
Were the RCG insider purchases under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not affirmed for this filing, and there is no footnote stating the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.