RCG RENN Fund, Inc.

NEUTRAL Impact: 2/10 8-K
Horizon immediate Filed May 8, 2026 Processed 1mo ago SEC 0001398344-26-008818
8-K context-dependent: Items 8.01
Latest settled — T+5d
RCG ▼ -3.57% at T+5d
NEUTRAL call ✗ call lost -3.57% · α vs SPY -3.49% · entry $2.80 → $2.70
Next anchor: T+20d due yesterday
Last close $2.76 (close Jun 8) · -1.43% from $2.80 entry
Entry anchored
May 8, 2026
via day open
T+1d
+0.71%
call +0.71% · α +0.85%
$2.82
settled 4w ago
T+5d
-3.57%
call -3.57% · α -3.49%
$2.70
settled 26d ago
T+20d
call — · α —
due yesterday
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

RENN Fund's co-manager Peter Doyle was appointed to the board of Texas Pacific Land Corporation (TPL), a significant fund holding, and Horizon Kinetics entered a Board Representative Agreement. This is a routine governance change with no financial impact.

Actionable Insight

This filing is routine and non-material. Monitor for any subsequent changes to fund governance or TPL board actions that could affect RCG's investment returns.

Key Facts

  • Peter Doyle, co-manager of RENN Fund, appointed to TPL board on May 5, 2026.
  • Doyle also appointed to TPL's strategic acquisitions committee.
  • Horizon Kinetics Asset Management entered a Board Representative Agreement with TPL.
  • TPL will nominate Doyle as Horizon's designee at the 2026 annual meeting.
  • Doyle will receive standard non-employee director compensation from TPL.
  • Doyle will no longer have investment discretion over TPL in fund accounts; delegation to other co-managers.

Financial Impact

No financial impact disclosed in the filing.

Risk Factors

  • Potential conflict of interest as fund manager serves on portfolio company board.
  • Delegation of trading discretion may alter investment decision-making for TPL position.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001398344-26-008818
Document: 0001398344-26-008818-index-headers.html0001398344-26-008818
Document: 0001398344-26-008818-index.html0001398344-26-008818
Document: 0001398344-26-008818.txt0001398344-26-008818
15 reports for RCG
Performance horizon
71% Hit rate 5 of 7 directional calls best @ T+20▲ +9.86%Mar 4, 2026
Filters
Rows
Reports for RCG — sortable, filterable
Type Now
Jun 9, 2026
today
Insider Cluster
NEUTRAL ★ 3/10
$2.74 awaiting T+1awaiting T+1$2.76 (+0.91%)
Jun 8, 2026
1d ago
Insider Cluster
BULLISH ★ 5/10
$2.74 awaiting T+1awaiting T+1$2.76 (+0.91%)
Jun 5, 2026
4d ago
Insider Cluster
BULLISH ★ 4/10
$2.74 awaiting T+1awaiting T+1$2.76 (+0.91%)
Jun 4, 2026
5d ago
Insider Cluster
BULLISH ★ 4/10
$2.79 $2.78▼ −0.36%▲ +2.24%$2.76 (−1.08%)
Jun 4, 2026
5d ago
Insider Cluster
NEUTRAL ★ 2/10
$2.79 $2.78▼ −0.36%▲ +2.22%$2.76 (−1.08%)
Jun 3, 2026
6d ago
Insider Cluster
BULLISH ★ 4/10
$2.74 $2.79▲ +1.64%▲ +1.24%$2.76 (+0.73%)
Jun 2, 2026
7d ago
Insider Cluster
BULLISH ★ 4/10
$2.75 $2.74▼ −0.36%▲ +0.33%$2.76 (+0.36%)
May 8, 2026
4w ago
8-K
NEUTRAL ★ 2/10
$2.80 $2.82▲ +0.71%▲ +0.85%$2.76 (−1.43%)
Apr 28, 2026
6w ago
8-K
NEUTRAL ★ 4/10
$2.76 $2.79▲ +1.09%▲ +0.06%$2.76 (−0.00%)
Mar 4, 2026
14w ago
Insider Cluster
BULLISH ★ 5/10
$2.94 $2.93▼ −0.34%▲ +0.23%$2.76 (−6.12%)
Showing 10 of 15

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