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

What Happened

• Horizon Kinetics Asset Management LLC (a reported 10% owner and the fund's investment adviser) purchased 756 shares of RENN Fund, Inc. (RCG) on 2026-09-24 at $3.04 per share, for a total of approximately $2,298. The transaction is reported as a purchase (Code P), which is a net buy rather than a sale.

Key Details

• Transaction date: 2026-09-24
• Transaction type/code: Open market or private purchase (P)
• Price and size: 756 shares at $3.04 each; total ≈ $2,298
• Shares owned after transaction: Not specified in the provided filing
• Footnote: F1 — 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 accounts it manages (institutional/advisory holdings)
• Filing date/timeliness: Form filed 2026-09-25 (filed the day after the transaction; not identified as late)

Context

• This filing reflects an institutional purchase by a 10% owner and adviser managing client accounts, not an individual insider buying for personal account reasons. Such institutional buys can indicate portfolio adjustments across managed accounts and may not directly signal management’s personal view. Purchases generally attract more attention from retail investors than routine sales, but interpret institutional activity with that context in mind.