The fund invests in public equity markets of the United States and seeks to invest in stocks of companies operating across diversified sectors, with particular focus on small-cap and mid-cap companies. It employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. The active management model enables flexibility in adjusting asset allocations based on market trends, offering investors access to niche market segments potentially leading to unique investment opportunities not readily available through traditional products.
Cyborg Score Rationale
The stock has traded down significantly over the past three months as of June 2026. The company remains profitable over the last twelve months, but as a closed-end fund with modest assets, it operates in a competitive fund marketplace with structural limitations. Current assets stood at $626.1 million, primarily consisting of cash, equivalents, and equity securities.
Top Insights
RENN Fund was formed on January 20, 1994 and was formerly known as RENN Global Entrepreneurs Fund, Inc.
In June 2026, Horizon Kinetics Asset Management (the co-manager) purchased 756 shares at $2.75 per share, holding 924,348 shares total as a significant shareholder.
The fund declared a year-end distribution of $0.022371 per share, payable December 27, 2024 to stockholders of record December 16, 2024.
As of recent data, the fund had a market cap of approximately $19.2M with forward dividend yield of 0.79%.