Horizon Kinetics buys 756 RENN Fund shares at $2.95
A 10% holder of RENN Fund, Inc. increased its pecuniary interest through a small open-market purchase of common stock.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) reported that Horizon Kinetics Asset Management LLC, a ten percent owner, purchased 756 shares of common stock on September 1, 2026 at $2.95 per share in an open-market or private transaction. Following this trade, it is reported as having 961,392 shares with a pecuniary interest held across various managed accounts.
Horizon Kinetics Asset Management LLC is described as the investment adviser to RENN Fund, Inc. and a wholly owned subsidiary of Horizon Kinetics Holding Corporation. No Rule 10b5-1 trading plan is reported for this transaction.
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 | $2.95 | $2K |
Holdings After Transaction:
Common Stock — 961,392 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 per share: $2.95 per share
Shares following transaction: 961,392 shares
+2 more
5 metrics
Shares purchased
756 shares
Common stock acquired on September 1, 2026
Purchase price per share
$2.95 per share
Price paid for common stock on September 1, 2026
Shares following transaction
961,392 shares
Pecuniary interest reported after the September 1, 2026 purchase
Net buy shares reported
756 shares
Net change across all non-derivative transactions in this Form 4
Number of buy transactions
1 transaction
Open-market or private purchase of common stock
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 regulatory
"reporting person is marked as a ten percent owner"
open market or private transaction financial
"Purchase in open market or private transaction"
FAQ
Is this RENN Fund, Inc. (RCG) trade under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and no footnote states that the September 1, 2026 purchase was made pursuant to a Rule 10b5-1 trading plan.
What role does Horizon Kinetics Asset Management LLC have regarding RENN Fund, Inc. (RCG)?
Horizon Kinetics Asset Management LLC is described 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.
Is the ownership in RENN Fund, Inc. (RCG) direct or through managed accounts?
The ownership is reported as direct on the form, and a footnote explains that Horizon Kinetics Asset Management LLC has a pecuniary interest in shares held in various accounts that it manages as investment adviser to RENN Fund, Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.