NPORT-EX 2 rennfundpartfattachment.htm RENN FUND, INC. PART F ATTACHMENT

 

RENN Fund, Inc.
Consolidated Schedule of Investments
As of September 30, 2022 (Unaudited)

 

 
Shares or Principal Amount   Company  Cost   Value 
     MONEY MARKET FUNDS – 33.7%          
 84,338   Fidelity Government Cash Reserves Portfolio -
Institutional Class, 0.01%		  $84,338   $84,338 
 4,893,973   Fidelity Investment Money Market Funds Government Portfolio - Institutional Class, 0.01%   4,893,973    4,893,973 
     Total Money Market Funds   4,978,311    4,978,311 
                
     CONVERTIBLE BONDS – 0.00%          
     Oil and Gas – 0.00%          
 1,000,000   PetroHunter Energy Corporation 8.50% Maturity 12/31/2014(1)(2)(5)   541,331    - 
     Total Convertible Bonds   541,331    - 
                
     COMMON EQUITIES – 64.80%          
     Accomodations – 0.62%          
 3,668   Civeo Corp.(2)   137,069    92,177 
                
     Aerospace & Defense – 0.02%          
 20   Boeing Co.(2)   4,267    2,422 
                
     Asset Management – 1.06%          
 973   Associated Capital Group, Inc. - Class A   40,594    35,767 
 7,098   Gamco Investors, Inc.   189,620    121,021 
         230,214    156,788 
                
     Communication Services – 0.01%          
 100   Rumble, Inc.(2)   1,206    1,225 
                
     Diversified Financial Services – 0.05%          
 1,800   Galaxy Digital Holdings Ltd.(2)(4)   31,086    7,636 
                
     Marine Shipping – 0.06%          
 300   Clarkson PLC(4)   16,197    8,810 
                
     Metal Mining – 3.50%          
 580   Franco-Nevada Corp.   83,192    69,298 
 18,478   Mesabi Trust   496,054    397,462 
 1,560   Wheaton Precious Metals Corp.   65,121    50,482 
         644,367    517,242 
                
                
    Medicinal Chemicals and Botanical Products – 7.84%        
 77,228   FitLife Brands, Inc.(2)   9,131,688    1,158,420 
                
     Oil and Gas – 26.54%          
 19,159   Permian Basin Royalty Trust   280,584    312,866 
 808,445   PetroHunter Energy Corporation(1)(2)(5)   101,056    - 
 16,300   PrairieSky Royalty Ltd.(4)   206,969    210,151 
 100   Sabine Royalty Trust   8,002    7,108 
 1,908   Texas Pacific Land Corp.   1,079,739    3,390,955 
         1,676,350    3,921,080 
     Other Financial Investment Activities – 0.26%          
 1   Morgan Group Holding Co.(2)   16    1 
 13,200   Urbana Corp.(4)   42,349    39,178 
         42,365    39,179 
                
     Real Estate – 0.35%          
 3,600   Tejon Ranch(2)   68,859    51,840 

 

    Securities and Commodity Exchanges – 1.63%        
 685   Cboe Global Markets, Inc.   80,892    80,398 
 204   CME Group, Inc.   46,086    36,134 
 240   Intercontinental Exchange, Inc.   30,806    21,684 
 14,000   Miami International Holdings, Inc.(1)(2)(3)   105,000    102,760 
         262,784    240,976 
                
     Securities, Commodity Contracts, and Other Financial Investments and Related Activities – 0.42%  
 5,460   Grayscale Bitcoin Trust(2)   258,912    62,299 
                
     Live Sports (Spectator Sports) – 1.89%          
 5,091   Big League Advance, LLC.(1)(2)(3)   280,000    280,005 
                
     Surgical & Medical Instruments & Apparatus – 18.69%          
 615,000    Apyx Medical Corp.(2)   1,470,958    2,761,350 
                
     Technology Services – 1.86%          
 550   Core Scientific, Inc.(2)   7,513    715 
 1,048   CACI International, Inc. – Class A. (2)   296,485    273,591 
         303,998    274,306 
     Total Common Equities   14,560,320    9,575,755 
                
    EXCHANGE TRADED FUNDS – 0.04%        
 124   ProShares Short VIX Short-Term Futures ETF(2)   7,201    6,025 
     Total Exchange Traded Funds   7,201    6,025 
                
     OPEN ENDED MUTUAL FUNDS – 0.12%          
 824   Kinetics Spin-Off and Corporate Restructuring Fund(6)   13,167    17,189 
     Total Open Ended Mutual Funds   13,167    17,189 
                
     PREFERRED STOCKS – 1.26%          
 30,966   Diamond Standard, Inc.(1)(2)(3)   185,798    185,798 
     Total Preferred Stocks   185,798    185,798 
                
     WARRANTS – 0.03%          
     Diamond Standard, Inc., Exercise Price: $9.00,          
 837    Expiration Date: January 15, 2026(1)(2)(3)   -    33 
     Miami International Holdings, Inc., Exercise Price: $7.50,          
 2,132    Expiration Date: March 31, 2026(1)(2)(3)   -    3,731 
     Total Warrants   -    3,764 
                
     TOTAL INVESTMENTS – 99.95%  $20,286,127   $14,766,842 
     OTHER ASSETS LESS LIABILITIES – 0.05%        6,962 
     NET ASSETS - 100.00%       $14,773,804 

 
Shares or Principal Amount   Company  Proceeds   Value 
     SECURITIES SOLD SHORT – 0.00%          
     EXCHANGE TRADED FUNDS – 0.00%          
 (12)  Direxion Daily Gold Miners Index Bear 2X Shares ETF  $(202)  $(297)
 (12)  Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF(2)   (123)   (171)
 (7)  ProShares Ultra VIX Short-Term Futures ETF(2)   (1,102)   (90)
     Total Exchange Traded Funds   (1,427)   (558)
                
     TOTAL SECURITIES SOLD SHORT – 0.00%  $(1,427)  $(558)

 

(1)See Semi-Annual Report Note 5 - Fair Value Measurements.
(2)Non-Income Producing.
(3)Big League Advance, LLC., Diamond Standard, Inc. and Miami International Holdings, Inc. are each currently a private company. These securities are illiquid and valued at fair value.
(4)Foreign security denominated in U.S. Dollars.
(5)The PetroHunter Energy Corporation (“PetroHunter”) securities are in bankruptcy. The securities are valued at fair value.
(6)Affiliated security, given that the security is managed by the same Investment Advisor as the Fund.

 

 

 

 

RENN Fund, Inc.

CONSOLIDATED NOTES TO FINANCIAL STATEMENTS

As of September 30, 2022 (Unaudited)

 

Investments in Affiliated Issuers

An affiliated issuer is an entity in which the Fund has ownership of at least 5% of the voting securities, or any investment which is advised or sponsored by the advisor. In this instance, affiliation is based on the fact that the Kinetics Spin-off and Corporate Restructuring Fund is advised by Horizon, the same Investment Advisor to the Fund. Issuers that are affiliates of the Fund at period-end are noted in the Fund’s Schedule of Investments. Additional security purchases and the reduction of certain securities shares outstanding of existing portfolio holdings that were not considered affiliated in prior years may result in the Fund owning in excess of 5% of the outstanding shares at period-end. The table below reflects transactions during the period with entities that are affiliates as of September 30, 2022 and may include acquisitions of new investments, prior year holdings that became affiliated during the period and prior period affiliated holdings that are no longer affiliated as of period-end.

Name of Issuer and Title of Issue  Value
Beginning
of Period		  Purchases  Sales Proceeds  Net Realized Gain (Loss)  Change in Unrealized Appreciation (Depreciation)  Value End of Period 
Kinetics Spin-off and Corporate                        
Restructuring Fund  $-  $13,167  $-  $-  $4,022  $17,189 
                          
Total  $-  $13,167  $-  $-  $4,022  $17,189 

 

Name of Issuer and Title of Issue  Shares
Beginning
of Period		  Purchases  Sales Proceeds  Stock Split  Shares End of Period 
Kinetics Spin-off and Corporate                     
Restructuring Fund   -   824   -   -   824 
Total   -   824   -   -   824