RENN Fund, Inc. (RCG) sees insider purchase by Horizon Kinetics Asset Management
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner and investment adviser to RENN Fund, Inc., purchased 756 shares of common stock at $3.06 per share on 2026-08-04 in an open-market or private transaction, increasing its directly reported holdings to 946,272 shares held through 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 — 946,272 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 owned after transaction: 946,272 shares
+1 more
4 metrics
Shares purchased
756 shares
Common Stock purchase on 2026-08-04
Purchase price
$3.06 per share
Common Stock transaction on 2026-08-04
Shares owned after transaction
946,272 shares
Directly reported holdings following 2026-08-04 trade
Net buy shares in filing
756 shares
Net increase from reported non-derivative transactions
Key Terms
pecuniary interest, investment adviser, open market or private transaction, wholly owned subsidiary
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.
open market or private transaction financial
"Purchase in open market or private transaction"
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 in RENN Fund (RCG) did Horizon Kinetics report?
Horizon Kinetics Asset Management LLC reported a purchase of 756 shares of RENN Fund, Inc. common stock at $3.06 per share on 2026-08-04, classified as an open-market or private transaction in the Form 4 data.
Was the Horizon Kinetics trade in RENN Fund (RCG) under a Rule 10b5-1 plan?
The Form 4 indicates the transaction was not made under a Rule 10b5-1 trading plan. The filing’s 10b5-1 checkbox is explicitly unchecked, so the 756-share purchase appears outside any affirmed pre-arranged trading program.
What is Horizon Kinetics Asset Management’s role in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund, Inc. and is a wholly owned subsidiary of Horizon Kinetics Holding Corporation, with a pecuniary interest in shares held in various managed accounts.