Horizon Kinetics adds RENN Fund (NYSE: RCG) shares in open-market buy
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc. and its investment adviser, purchased 756 shares of common stock on 2026-07-20 at $3.03 per share. The transaction, reported as a purchase in an open-market or private transaction, increased its direct holdings to 937,956 shares. A footnote states that Horizon Kinetics Asset Management LLC has a pecuniary interest in shares held in various accounts that it manages, and the transaction was not marked as conducted under a Rule 10b5-1 trading plan.
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 — 937,956 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: 937,956 shares
3 metrics
Shares purchased
756 shares
Common Stock bought on 2026-07-20
Purchase price
$3.03 per share
Price for the 756-share Common Stock purchase
Shares owned after transaction
937,956 shares
Direct Common Stock holdings following the 2026-07-20 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 that it manages"
investment adviser financial
"serves as the investment adviser to the Issuer and has a pecuniary interest"
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 reported as a ten percent owner"
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 2026-07-20, it bought 756 shares in a transaction classified as an open-market or private purchase, increasing its disclosed direct position.
What is Horizon Kinetics’ total RENN Fund (RCG) holding after this Form 4 trade?
After the reported purchase, Horizon Kinetics Asset Management LLC directly holds 937,956 shares of RENN Fund (RCG) common stock. This figure reflects its position immediately following the 756-share acquisition on 2026-07-20.
What is Horizon Kinetics’ role in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC is a ten percent owner of RENN Fund (RCG) and serves as its investment adviser. It has a pecuniary interest in shares held across various accounts that it manages, as disclosed in the footnote.
Was Horizon Kinetics’ RENN Fund (RCG) trade under a Rule 10b5-1 plan?
The Form 4 indicates the transaction was not made under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 arrangements is marked false, and no footnote states that a pre-arranged plan governed this trade.
Is Horizon Kinetics’ ownership of RENN Fund (RCG) direct or through other entities?
The reported 937,956 shares of RENN Fund (RCG) are classified as directly owned by Horizon Kinetics Asset Management LLC. A footnote adds that it has a pecuniary interest in shares held in various accounts that it manages.