Horizon Kinetics adds to RENN Fund, Inc. (NYSE: RCG) stake with 756-share buy
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 21, 2026 at $3.0700 per share in an open market or private transaction, increasing its directly reported holdings to 938,712 shares 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 | $3.07 | $2K |
Holdings After Transaction:
Common Stock — 938,712 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: 756.0000 shares
Purchase price: $3.0700 per share
Shares held after transaction: 938712.0000 shares
3 metrics
Shares purchased
756.0000 shares
Common Stock bought on 2026-07-21
Purchase price
$3.0700 per share
Price for Common Stock purchase on 2026-07-21
Shares held after transaction
938712.0000 shares
Directly reported holdings after purchase
Key Terms
investment adviser, pecuniary interest, limited liability company, wholly owned subsidiary, +1 more
5 terms
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.
pecuniary interest financial
"has a pecuniary interest in shares held in various accounts"
limited liability company financial
"a Delaware limited liability company and wholly owned subsidiary"
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.
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.
open market or private transaction financial
"Purchase in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Horizon Kinetics report for RCG?
Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund, Inc. (RCG) Common Stock on July 21, 2026 at $3.0700 per share. This open market or private transaction increased its directly reported holdings to 938,712 shares.
Were the RENN Fund (RCG) purchases by Horizon Kinetics under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 trading plan checkbox was not selected, so this 756-share purchase at $3.0700 per share was not affirmatively reported as executed under a pre-arranged 10b5-1 trading plan.