Horizon Kinetics Asset Management disclosed a $2,169 purchase of RENN Fund common stock on August 21, 2026, according to regulatory filings.
The transaction involved 756 shares at a price of $2.87 per share, bringing the firm’s total beneficial ownership to 956,100 shares. Horizon Kinetics, already a 10% owner and investment adviser to RENN Fund, noted that it maintains a pecuniary interest in shares held across its managed accounts.
RENN Fund’s stock, trading at $2.95, has gained 13.81% year-to-date, with a market capitalization of $20.69 million. The company has been profitable over the last twelve months, according to InvestingPro data cited in the filing.
Horizon Kinetics did not disclose further details regarding the purpose of the acquisition.
