Horizon Kinetics Increases Stake in RENN Fund with Latest Purchase

Horizon Kinetics Asset Management LLC, a major shareholder holding over 10% of RENN Fund Inc (RCG), has further expanded its position. A regulatory filing dated September 23, 2026, reveals that the firm acquired 756 additional shares at a price of $3.05 per share, representing an investment of $2,305. This latest move brings the firm's total ownership to 972,732 shares. RENN Fund, a closed-end investment company focused on small and mid-cap growth, currently maintains a market capitalization of approximately $21.120 million. The transaction underscores a persistent trend of bullish sentiment among company insiders; over the past year, RENN Fund has seen 225 insider purchases and zero sales. Horizon Kinetics itself has been a primary driver of this activity, accumulating 61,992 shares during that period without divesting any holdings, signaling a long-term commitment to the fund's portfolio strategy.