RENN Fund (RCG) 10% Owner Horizon Kinetics Buys 756 Shares

What Happened

• Horizon Kinetics Asset Management LLC (a 10% owner and the fund's investment adviser) purchased 756 shares of RENN Fund, Inc. (RCG) on 2026-09-01 at $2.95 per share, for a total cost of $2,230. This was a purchase (acquisition), which is generally more informative than a sale but the dollar amount is small.

Key Details

• Transaction date and price: 2026-09-01 — 756 shares at $2.95 each.
• Total value: $2,230.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: 2026-09-02 (filed next day — appears timely).
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware LLC, wholly owned by Horizon Kinetics Holding Corporation, and has a pecuniary interest in shares held across various accounts it manages (institutional/advisory holdings).
• Transaction type code: P = Purchase (open market or private purchase as reported).

Context

• This is institutional/adviser buying by a reported 10% owner, not an executive or director trade; such purchases reflect account-level activity rather than a single individual's personal view.
• The purchase size ($2.2K) is small for institutional trades, so while it shows a net buy, it may not be materially significant on its own.