<SEC-DOCUMENT>0001145549-25-017750.txt : 20250313
<SEC-HEADER>0001145549-25-017750.hdr.sgml : 20250313
<ACCEPTANCE-DATETIME>20250313164322
ACCESSION NUMBER:		0001145549-25-017750
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250313
DATE AS OF CHANGE:		20250313
EFFECTIVENESS DATE:		20250313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RENN Fund, Inc.
		CENTRAL INDEX KEY:			0000919567
		ORGANIZATION NAME:           	
		IRS NUMBER:				752533518
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22299
		FILM NUMBER:		25736479

	BUSINESS ADDRESS:	
		STREET 1:		8080 N CENTRAL EXPRWY
		STREET 2:		STE 210 LB59
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75206
		BUSINESS PHONE:		2148918294

	MAIL ADDRESS:	
		STREET 1:		8080 N CENTRAL EXPWY., SUITE 210 LB 59
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENN Global Entrepreneurs Fund, Inc.
		DATE OF NAME CHANGE:	20090519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAISSANCE CAPITAL GROWTH & INCOME FUND III INC
		DATE OF NAME CHANGE:	19940228
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <investmentCompFileNo>811-22299</investmentCompFileNo>
      <registrantCik>0000919567</registrantCik>
      <registrantLei>549300EVIWYKS7DR4714</registrantLei>
      <registrantstreet1>470 Park Avenue South</registrantstreet1>
      <registrantcity>New York</registrantcity>
      <registrantzipCode>10016</registrantzipCode>
      <registrantstate>US-NY</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>6462912300</registrantphoneNumber>
      <websites>
        <website webpage="www.rencapital.com"/>
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        <locationBooksRecord>
          <officeName>Renn Fund, Inc.</officeName>
          <officeAddress1>470 Park Avenue South</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeState="US-NY" officeCountry="US"/>
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          <officePhone>6462912300</officePhone>
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        <locationBooksRecord>
          <officeName>Horizon Kinetics Asset Management LLC</officeName>
          <officeAddress1>470 Park Avenue South</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeState="US-NY" officeCountry="US"/>
          <officeRecordsZipCode>10016</officeRecordsZipCode>
          <officePhone>6462912300</officePhone>
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        <locationBooksRecord>
          <officeName>UMB BANK, N.A.</officeName>
          <officeAddress1>928 GRAND BOULEVARD, 5TH FLOOR</officeAddress1>
          <officeCity>KANSAS CITY</officeCity>
          <officeStateCountry officeState="US-MO" officeCountry="US"/>
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          <directorName>Alice C. Brennan</directorName>
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          <directorName>Douglas Cohen</directorName>
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          <directorName>Anita Allen</directorName>
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          <directorName>Meliinda Newman</directorName>
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        <chiefComplianceOfficer>
          <ccoName>Jay Kesslen</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>470 Park Avenue South</ccoStreet1>
          <ccoCity>New York</ccoCity>
          <ccoStateCountry ccoState="US-NY" ccoCountry="US"/>
          <ccoZipCode>10016</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
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      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y"/>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
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      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
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        <publicAccountant>
          <publicAccountantName>TAIT, WELLER &amp; BAKER LLP</publicAccountantName>
          <pcaobNumber>00445</pcaobNumber>
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          <publicAccountantStateCountry publicAccountantState="US-PA" publicAccountantCountry="US"/>
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      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>RENN Fund, Inc.</mgmtInvFundName>
        <mgmtInvLei>549300EVIWYKS7DR4714</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <fundType>N/A</fundType>
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        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="The Renn Fund, Inc. (Cayman)" foreignSubsidiaryLei="N/A"/>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HORIZON KINETICS ASSET MANAGEMENT LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-47515</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106096</investmentAdviserCrdNo>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Equiniti Trust Company, LLC</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>INTERCONTINENTAL EXCHANGE, INC.</pricingServiceName>
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            <custodianName>RBC INV Services</custodianName>
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            <custodianName>Euroclear BK SA NV</custodianName>
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            <custodianName>Caceis Bank</custodianName>
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            <custodianName>BNP Greece</custodianName>
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        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
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          <admin>
            <adminName>UMB FUND SERVICES, INC.</adminName>
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          <principalTransaction>
            <principalName>GOLDMAN SACHS &amp; CO. LLC</principalName>
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          <principalTransaction>
            <principalName>NATIONAL FINANCIAL SERVICES LLC</principalName>
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        </principalTransactions>
        <principalAggregatePurchase>374712.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>16303060.000000000000</mnthlyAvgNetAssets>
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    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Common Stock</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="ARCX" commonStockTickerSymbol="RCG"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <isRepurchaseSecurity>N</isRepurchaseSecurity>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>0.000000000000</managementFee>
      <netOperatingExpenses>1.680000000000</netOperatingExpenses>
      <marketPricePerShare>2.230000000000</marketPricePerShare>
      <netAssetValuePerShare>2.740000000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <exchangeSeriesInfo/>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="RENN FUND, INC." signedDate="2025-03-12" signature="/s/ Murray Stahl" title="Chief Executive Officer"/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>rennletter.txt
<DESCRIPTION>RENN FUND
<TEXT>



REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM


Shareholders and Board of Directors
RENN Fund, Inc.
New York, NY


In planning and performing our audit of
the consolidated financial statements of
RENN Fund, Inc. (the "Fund") as of and
for the year ended December 31, 2024,
in accordance with the standards of the
Public Company Accounting Oversight
Board (United States), we considered its
internal control over financial reporting,
including control activities for
safeguarding securities, as a basis for
designing our auditing procedures for
the purpose of expressing our opinion
on the financial statements and to
comply with the requirements of Form
N-CEN, but not for the purpose of
expressing an opinion on the
effectiveness of the Funds' internal
control over financial reporting.
Accordingly, we express no such
opinion.

The management of the Fund is
responsible for establishing and
maintaining effective internal control
over financial reporting.   In fulfilling
this responsibility, estimates and
judgments by management are required
to assess the expected benefits and
related costs of controls.   A company's
internal control over financial reporting
is a process designed to provide
reasonable assurance regarding the
reliability of financial reporting and the
preparation of financial statements for
external purposes in accordance with
generally accepted accounting
principles.   A company's internal
control over financial reporting includes
those policies and procedures that (1)
pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the
company; (2) provide reasonable
assurance that transactions are recorded
as necessary to permit preparation of
financial statements in accordance with
generally accepted accounting
principles, and that receipts and
expenditures of the company are being
made only in accordance with
authorizations of management and
directors of the company; and (3)
provide reasonable assurance regarding
prevention or timely detection of
unauthorized acquisition, use or
disposition of a company's assets that
could have a material effect on the
financial statements.

Because of inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements.   Also,
projections of any evaluation of
effectiveness to future periods are
subject to the risk that controls may
become inadequate because of changes
in conditions, or that the degree of
compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over
financial reporting exists when the
design or operation of a control does not
allow management or employees, in the
normal course of performing their
assigned functions, to prevent or detect
misstatements on a timely basis.   A
material weakness is a deficiency, or
combination of deficiencies, in internal
control over financial reporting, such
that there is a reasonable possibility that
a material misstatement of the
company's annual or interim financial
statements will not be prevented or
detected on a timely basis.




Shareholders and Board of Directors
RENN Fund, Inc.
Page Two


Our consideration of the Fund's internal
control over financial reporting was for
the limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal
control that might be material
weaknesses under standards established
by the Public Company Accounting
Oversight Board (United States).
However, we noted no deficiencies in
the Fund's internal control over
financial reporting and its operation,
including controls for safeguarding
securities, that we consider to be
material weaknesses, as defined above,
as of December 31, 2024.

This report is intended solely for the
information and use of management,
Shareholders and Board of Directors of
RENN Fund, Inc. and the Securities and
Exchange Commission, and is not
intended to be and should not be used by
anyone other than these specified
parties.

/s/ TAIT, WELLER & BAKER LLP

TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania
February 27, 2025


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