RENN Fund (RCG)

• Market cap: $17.5M
• 1 day: 0.40%
• 5 days: -1.19%
• 1 month: 5.96%
• 3 months: 20.87%
• 6 months: 49.10%
• Year to date: 49.10%
• 1 year: 48.21%
• 5 years: 54.66%
• 10 years: 91.54%

About: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed to provide return through capital appreciation and income by a long-term, value-oriented investment process that invests in a wide variety of financial instruments, including but not limited to, common stocks, fixed-income securities including convertible and non-convertible debt securities or loans, distressed debt, warrants, and preferred stock, exchange-traded funds and exchange-traded notes, and other instruments. It invests in various industries, including communication services, surgical and medical instruments and apparatus, Oil and Gas, medical chemicals, botanical products, and others.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 2

30% more capital invested

Capital invested by funds: $1.92M [Q2] → $2.51M (+$586K) [Q3]

0.83% more ownership

Funds ownership: 16.12% [Q2] → 16.95% (+0.83%) [Q3]

20% less funds holding

Funds holding: 15 [Q2] → 12 (-3) [Q3]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 3