Horizon Kinetics Asset Management LLC has increased its direct stake in RENN Fund, Inc. (NASDAQ:RCG) through a recent acquisition of common equity. The investment adviser, which already serves as the fund's manager and holds a 10% ownership position, executed the purchase on June 16, 2026. The transaction involved the acquisition of 756 shares priced at $2.74 each, totaling $2,071 in value.
Following this acquisition, Horizon Kinetics Asset Management LLC directly holds 921,324 shares of RENN Fund. The firm maintains a pecuniary interest in the issuer's shares through various accounts it manages. Horizon Kinetics Asset Management LLC operates as a Delaware limited liability company and functions as a wholly-owned subsidiary of Horizon Kinetics Holding Corporation.
The transaction was formally reported in a Form 4 filing submitted to the Securities and Exchange Commission on June 17, 2026. This regulatory disclosure confirms the insider activity and the resulting shift in the firm's direct holdings within the fund.
At the time of reporting, RENN Fund shares were trading at $2.78. The company carries a market capitalization of $20 million. According to data from InvestingPro, RENN Fund has demonstrated profitability over the last twelve months and has generated a 7% return year-to-date. The platform provides access to two additional exclusive ProTips and comprehensive Pro Research Reports for deeper analysis.