Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc., acquired a total of 1,154 shares of the fund's common stock on January 30, 2026. Each share was purchased at a price of $2.62, bringing the total value of the transaction to $2,971.
The share acquisition combined both direct and indirect purchases. Stahl made a direct purchase of 360 shares. Indirect purchases recorded that day included 18 shares acquired by Stahl's spouse, 180 shares by Fromex Equity Corp., 180 shares by FRMO Corp., 296 shares by Horizon Common Inc., 18 shares by Horizon Kinetics Hard Assets LLC, and 82 shares by Horizon Kinetics Asset Management LLC.
Following these transactions, Stahl's direct holdings in RENN Fund, Inc. amount to 144,494 shares. The reported activity reflects multiple channels of acquisition on a single trading date and distinguishes between shares held directly by Stahl and those held indirectly through affiliated entities and family.
Context and mechanics
The trade was executed at a unit price of $2.62, and the reported total purchase cost equals $2,971. The breakdown between direct and indirect purchases is specific and itemized, with ownership increments attributed to distinct entities and to Stahl's spouse. The disclosure of both direct and indirect purchases gives a clear view of the provenance of the 1,154 shares bought on the same date.
Holdings after the trade
After the January 30, 2026 transactions, Stahl is reported to directly own 144,494 shares of RENN Fund, Inc. No changes to indirect holdings totals beyond the day-of purchases are provided in the record.
Summary takeaway
The entry documents a modest-sized purchase by a senior executive and portfolio manager of the fund, executed through a combination of personal and affiliated accounts. The record specifies exact share counts for each purchaser and restates Stahl's direct holding total after the trades.