Horizon Kinetics (NYSE: RCG) adds to RENN Fund stake with share buy
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, reported as a ten percent owner of RENN Fund, Inc., purchased 756 shares of common stock on 2026-07-30 at $3.06 per share in a transaction reported as an open-market or private purchase. It now has a pecuniary interest in 944,004 shares held across accounts it manages.
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 | $3.06 | $2K |
Holdings After Transaction:
Common Stock — 944,004 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: $3.06 per share
Shares following transaction: 944,004 shares
+1 more
4 metrics
Shares purchased
756 shares
Non-derivative common stock transaction on 2026-07-30
Purchase price
$3.06 per share
Price for the 756 RENN Fund common shares bought
Shares following transaction
944,004 shares
Total shares in which Horizon Kinetics has a pecuniary interest after the purchase
Net buy shares in filing
756 shares
Net share change across all reported transactions in this Form 4
Key Terms
pecuniary interest, investment adviser, ten percent owner, open market or private transaction
4 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 financial
"identified as a ten percent owner of RENN Fund, Inc."
open market or private transaction financial
"transaction code description: 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 RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund common stock at $3.06 per share on 2026-07-30. This non-derivative purchase increased its pecuniary interest in managed accounts to 944,004 shares of the fund.
Was Horizon Kinetics’ RENN Fund (RCG) trade made under a Rule 10b5-1 plan?
No. The Form 4 indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan, as the corresponding checkbox is marked false. The purchase is therefore reported as a discretionary transaction rather than a pre-arranged plan trade.
What type of transaction did Horizon Kinetics report in the latest RCG Form 4?
The filing reports a non-derivative purchase of RENN Fund common stock, coded “P” for a purchase in an open market or private transaction. Horizon Kinetics bought 756 shares at $3.06 per share, increasing its reported share interest in managed accounts.
Is Horizon Kinetics a ten percent owner of RENN Fund (RCG)?
Yes. Horizon Kinetics Asset Management LLC is identified in the Form 4 as a ten percent owner of RENN Fund, Inc. It acts as the fund’s investment adviser and has a pecuniary interest in shares held across client accounts it manages.