Horizon Kinetics Asset Management LLC, together with Murray Stahl, President and Co-Portfolio Manager, reported purchases of common stock in RENN Fund, Inc. (EXCHANGE: RCG) on April 7, 2026. The disclosed transactions show an acquisition price of $3.24 per share.
The filing specifies a total cash outlay of $3,674 to complete the purchases. Horizon Kinetics directly bought 360 shares. Additional acquisitions tied to the organization were executed indirectly through entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics Hard Assets LLC.
Market data in the filing indicates RCG is trading at $2.96, which is below the reported $3.24 purchase price. The filing also notes that RCG returned 29% over the past 12 months. According to InvestingPro data referenced in the notice, RCG has shown strong returns in recent months and carries a market capitalization of $21.33 million.
After the April 7 transactions, the number of shares owned indirectly by Horizon Kinetics Asset Management LLC and related entities stands at 367858.
Reporting note
The filing includes a procedural update tied to Mr. Stahl. It states that on April 7, 2026, Mr. Stahl, a co-manager of the issuer, passed away unexpectedly. As a result, shares held directly by Mr. Stahl and his wife will no longer be subject to Section 16 reporting requirements and therefore will not appear in future Section 16 filings.
The disclosure documents provide the numerical and procedural details above. They do not offer additional commentary on strategy or intent behind the purchases, and they limit their scope to the transactions, ownership totals, market price, recent returns, and the change in reporting status following Mr. Stahl's death.