Renn Fund, Inc. (RCG) President and Co-Portfolio Manager Murray Stahl reported insider purchases executed on February 26, 2026. The disclosure shows Stahl acquired a total of 1,134 shares of common stock at a price of $2.85 per share, amounting to $3,231 in aggregate consideration.
The transactions were completed in multiple tranches and through a mixture of direct and indirect channels. Stahl directly purchased 360 shares. Additional shares were acquired indirectly through several entities and family interest: 18 shares via his spouse; 180 shares through Fromex Equity Corp.; 180 shares via FRMO Corp.; 296 shares through Horizon Common Inc.; 18 shares via Horizon Kinetics Hard Assets LLC; and 82 shares through Horizon Kinetics Asset Management LLC.
Post-transaction holdings as reported reflect both Stahl’s direct stake and substantial indirect positions across affiliated vehicles. Following these purchases, Stahl’s reported direct ownership stands at 150,974 shares. Indirect holdings are listed as 5,498 shares held by his spouse; 133,248 shares held by Fromex Equity Corp.; 318,500 shares held by FRMO Corp.; 359,866 shares held by Horizon Common Inc.; 11,574 shares held by Horizon Kinetics Hard Assets LLC; and 66,384 shares held by Horizon Kinetics Asset Management LLC.
The filing notes that Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest in those positions.
Market context included in the report indicates RCG’s shares have returned 13% year-to-date and the stock is trading at a price-to-earnings ratio of 5.44, per InvestingPro data.
Summary
Murray Stahl increased his stake in Renn Fund via a small cash purchase totaling 1,134 shares executed across direct and indirect channels on February 26, 2026. The filing details both the transaction breakdown and the composition of his direct and indirect holdings following the trades.