Summary
Murray Stahl, who serves as president and co-portfolio manager of RENN Fund, Inc. (RCG), reported a series of purchases of the fund's common stock on March 30, 2026. The transactions added up to 1,128 shares bought at $3.25 apiece, for a total cash outlay of $3,666.
Transaction details
The reported trades were executed at a uniform price of $3.25 per share. Stahl acquired the shares through a mix of direct and affiliated accounts, including transactions conducted in his spouse's name, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, as well as purchases made directly by Stahl.
Post-transaction holdings and ownership statement
Following these buys, Stahl directly owns 158,888 shares of RENN Fund, Inc. He also has additional holdings that are held indirectly through the entities noted above. In public filings, he disclaims beneficial ownership of those indirectly held shares except to the extent of his pecuniary interest.
Market context provided in the filing
At the time of the report, RCG was trading at $3.27, a level noted to be close to the stock's 52-week high of $3.31, according to InvestingPro data referenced in the filing. The fund's market capitalization is reported as $22.9 million. Over the most recent six-month period cited in the filing, RENN Fund returned 26.5%.
Additional notes
The filing lists the precise dollar amount of the purchase activity and details the accounts involved. The disclosure of indirect holdings and the disclaimer of beneficial ownership for those indirect positions are part of the record accompanying the reported trades.
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