Welcome to our dedicated page for RENN Fund SEC filings (Ticker: RCG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
RENN Fund Inc. (RCG) filings document the regulatory record of a Texas closed-end fund, including material-event reports and shareholder proxy materials. The disclosures cover fund governance, officer and portfolio-management changes, adviser-related matters, shareholder meeting procedures, voting items, and board oversight.
Recent Form 8-K filings record other events affecting the fund and its adviser relationship, while definitive proxy statements describe annual meeting matters, proxy solicitation, director governance, and shareholder voting mechanics. The filing record also supports review of the fund’s capital structure, public-company status, and risk disclosures as a listed closed-end investment company.
On 9 July 2025, Murray Stahl—President, Co-Portfolio Manager and 10 % owner of RENN Fund, Inc. (RCG)—filed a Form 4 detailing open-market purchases of the company’s common stock.
- Total acquired: 1,132 shares at $2.71 each (approx. $3,070).
- Direct purchase: 360 shares, increasing his direct holding to 93,530 shares.
- Indirect purchases: 772 shares allocated across seven related accounts (spouse and several corporate entities).
After the transactions, Stahl reports beneficial ownership—direct and indirect—of roughly 864,752 shares. He disclaims beneficial ownership of the indirect accounts except to the extent of his pecuniary interest.
No sales or derivative transactions were reported. The filing reflects continued insider accumulation, though the size is modest relative to his existing position.
Form 4 highlights: On 07/08/2025, Murray Stahl—President, Co-Portfolio Manager, Director and >10% owner of RENN Fund, Inc. (RCG)—reported a series of open-market purchases at $2.69 per share.
- Direct account: 356 shares acquired, lifting his direct holding to 93,170 shares.
- Indirect accounts: An additional 782 shares were bought across six affiliated entities and a spouse account, bringing their respective post-transaction balances to between 2,600 and 312,210 shares.
- Total shares purchased: 1,138, representing roughly $3.06 k in aggregate consideration.
The filing reiterates that Mr. Stahl disclaims beneficial ownership of indirect shares beyond any pecuniary interest. No derivative transactions were reported.
Take-away: While dollar value is modest, repeated insider buying—especially by a long-standing control person—can signal incremental confidence in RCG’s outlook.
Form 4 filing for RENN Fund, Inc. (RCG) discloses that Murray Stahl—President, Co-Portfolio Manager, Director and 10% owner— purchased an aggregate 1,108 shares of RCG common stock on 07/07/2025 at $2.65 per share. The purchases were made across seven ownership accounts:
- Direct account: 356 shares; new direct balance 92,814 shares
- Spouse: 18 shares; balance 2,582 shares
- Fromex Equity Corp.: 180 shares; balance 104,088 shares*
- FRMO Corp.: 180 shares; balance 289,340 shares*
- Horizon Common Inc.: 274 shares; balance 311,916 shares*
- Horizon Kinetics Hard Assets LLC: 18 shares; balance 8,658 shares*
- Horizon Kinetics Asset Management LLC: 82 shares; balance 53,084 shares*
*Mr. Stahl disclaims beneficial ownership in indirect accounts except to the extent of his pecuniary interest.
Total reported holdings after the transactions equal approximately 862,482 shares across all accounts (92,814 held directly). The filing re-affirms Mr. Stahl’s status as a 10% owner and contains no dispositions—only open-market purchases coded "P." No derivative securities were reported.
For investors, insider buying—particularly by a senior executive with an existing 10% stake—can signal confidence in the fund’s prospects. However, the dollar value (~$2,940) is relatively modest, so the signal should be weighed accordingly.
RENN Fund, Inc. (RCG) – Form 4 insider activity
On 07/03/2025, Murray Stahl – the fund’s President, Co-Portfolio Manager, Director and >10% owner – disclosed a series of open-market purchases totaling 1,144 common shares at a uniform price of $2.66 per share (≈ $3.0 thousand aggregate). The trades were allocated across seven accounts: 356 shares bought directly and 788 shares through six affiliated or family accounts, including FRMO Corp., Fromex Equity Corp., Horizon Common Inc., and several Horizon Kinetics entities, plus 18 shares in his spouse’s account.
Post-transaction, the filing lists 92,458 shares held directly by Mr. Stahl and more than 768 k shares indirectly via related entities, reaffirming his status as a significant insider. No derivative securities were involved, and no sales were reported.
While the dollar amount is modest relative to his existing stake, the continued open-market buying—rather than option exercises—offers a marginally positive signal of management confidence without materially altering the ownership structure.
RENN Fund, Inc. (RCG) – Insider Form 4 filing dated 07/01/2025
President, Director and >10% owner Murray Stahl disclosed a series of open-market purchases executed on 06/30/2025 at a uniform price of $2.65 per share. In total, 1,108 common shares were acquired across direct and multiple indirect accounts (spouse and affiliated entities). Aggregate cash outlay was roughly $2.9 thousand.
Post-transaction beneficial ownership stands at:
- 91,390 shares held directly
- 766,624 shares held indirectly through FRMO Corp, FROMEX Equity Corp, Horizon entities and spouse accounts (amounts individually itemised in the filing)
No derivative securities were reported. Stahl disclaims beneficial ownership in indirect accounts except for his pecuniary interest.
The purchases modestly increase an already sizeable position but represent <0.2 % of total reported holdings, implying symbolic confidence rather than a material capital commitment. No other corporate events, earnings data or option exercises were disclosed.
Form 4 discloses that Murray Stahl, President, Co-Portfolio Manager and 10% owner of RENN Fund, Inc. (RCG), purchased a total of 1,108 common shares on 06/27/2025 at a uniform price of $2.60 per share. The purchases were spread across his own account (356 shares) and six indirect accounts—including his spouse and several investment entities he controls—each of which added between 18 and 274 shares.
After the transactions, Stahl’s aggregate beneficial ownership stands at:
- Direct: 91,034 shares
- Spouse: 2,492 shares
- Fromex Equity Corp: 103,188 shares
- FRMO Corp: 288,440 shares
- Horizon Common Inc.: 310,510 shares
- Horizon Kinetics Hard Assets LLC: 8,568 shares
- Horizon Kinetics Asset Management LLC: 52,674 shares
Stahl expressly disclaims beneficial ownership of the indirect shares beyond his pecuniary interest. No derivative security activity was reported.
The filing signals continued insider accumulation, but the incremental share count is minor relative to Stahl’s existing holdings and RCG’s public float. Financial impact appears limited.
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, reported multiple insider purchases of common stock on June 26, 2025. The transactions were executed at $2.62 per share across various affiliated entities:
- 356 shares acquired directly, bringing direct ownership to 90,678 shares
- 18 shares through spouse ownership (total: 2,474 shares)
- 180 shares through Fromex Equity Corp (total: 103,008 shares)
- 180 shares through FRMO Corp (total: 288,260 shares)
- 274 shares through Horizon Common Inc (total: 310,236 shares)
- 18 shares through Horizon Kinetics Hard Assets LLC (total: 8,550 shares)
- 82 shares through Horizon Kinetics Asset Management LLC (total: 52,592 shares)
Total shares acquired across all entities: 1,108 shares. Stahl maintains significant ownership positions through multiple entities while disclaiming beneficial ownership except for his pecuniary interest.
RENN Fund, Inc. has filed a Preliminary Proxy Statement (Schedule 14A) for its 2025 Annual Meeting of Shareholders, set for 2:00 PM EST on Thursday, 18 September 2025 at Horizon Kinetics Asset Management’s New York offices with a simultaneous live webcast. The record date is 22 July 2025.
Shareholders will vote on six routine matters:
- Election of five directors—Douglas J. Cohen, Russell Cleveland, Alice C. Brennan, Anita L. Allen and Melinda J. Newman—each for a one-year term.
- Ratification of Tait, Weller & Baker LLP as independent auditor for the fiscal year ending 31 December 2025.
Proxies solicited by the Board default to “FOR” each proposal when no specification is made. Voting options include telephone, Internet, mail or live participation during the hybrid meeting. Shareholders may revoke proxies at any time before or during the meeting. Horizon Kinetics Asset Management LLC will bear all solicitation costs, and no SEC filing fee is required.
The filing contains no financial performance data, compensation changes or strategic transaction items; it is limited to standard governance actions unlikely to materially affect the fund’s investment thesis.