Horizon Kinetics (RCG) adds to RENN Fund stake with open-market share purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., reported an open-market purchase of 756 shares of common stock at $3.04 per share. Following this transaction, it holds 931,152 shares of RENN Fund common stock with direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares ($2,298)
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
null
Bought
756 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 756 | $3.04 | $2K |
Holdings After Transaction:
Common Stock — 931,152 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 756 shares
Purchase price: $3.04 per share
Shares owned after transaction: 931,152 shares
+2 more
5 metrics
Shares purchased
756 shares
Open-market purchase of common stock
Purchase price
$3.04 per share
Price paid for RENN Fund common stock
Shares owned after transaction
931,152 shares
Direct holdings following July 7, 2026 trade
Transaction date
July 7, 2026
Date of reported open-market purchase
Ownership status
More than ten percent owner
Reporting person status for RENN Fund
Key Terms
open-market purchase, pecuniary interest, ten percent owner, investment adviser
4 terms
open-market purchase financial
"reported an open-market purchase of 756 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
pecuniary interest financial
"has a pecuniary interest in shares of the Issuer through various accounts"
ten percent owner financial
"is_ten_percent_owner": 1"
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.
FAQ
What insider transaction did Horizon Kinetics report for RCG on this Form 4?
Horizon Kinetics Asset Management LLC reported an open-market purchase of 756 shares of RENN Fund (RCG) common stock. The shares were bought at a price of $3.04 per share, increasing its directly held position in the fund.
Was the Horizon Kinetics RENN Fund (RCG) transaction a purchase or a sale?
The Form 4 shows a purchase. Horizon Kinetics Asset Management LLC executed an open-market purchase of 756 RENN Fund common shares, classified under transaction code “P,” which indicates a standard buy in the open market or private transaction.
What is Horizon Kinetics’ relationship to RENN Fund (RCG) according to the filing?
The filing states that Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund and has a pecuniary interest in shares through various managed accounts. It is also identified as a more than ten percent owner of the issuer’s common stock.