# EDGAR Filing Document

**Accession Number:** 0000919567
**File Stem:** 0001193125-26-241628
**Filing Date:** 2026-5
**Character Count:** 44191
**Document Hash:** 914c733a105e34962ff140a68effac21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-241628.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001193125-26-241628

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RENN Fund, Inc.
- **CENTRAL INDEX KEY:** 0000919567

**ORGANIZATION NAME:**
- **EIN:** 752533518
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22299
- **FILM NUMBER:** 261025511

**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

## Nport-Ex

RENN FUND, Inc.

CONSOLIDATED SCHEDULE OF INVESTMENTS

AS OF MARCH 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| Shares or <br>Principal <br>Amount | Company | Cost | Value |
|  | **MONEY MARKET FUNDS – 12.04%** |  |  |
| 95292 | &nbsp;&nbsp;&nbsp;Fidelity Government Cash Reserves Portfolio - Institutional Class, 3.31% <sup>(1)</sup> | $95292 | $95292 |
| 2716756 | &nbsp;&nbsp;&nbsp;Fidelity Investment Money Market Funds Government Portfolio - Class III, 3.28%<sup>(1)</sup> | 2716756 | 2716756 |
|  | Total Money Market Funds | 2812048 | 2812048 |
|  | **CONVERTIBLE BONDS – 0.00%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Oil and Gas – 0.00% |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;PetroHunter Energy Corporation 8.50% Maturity 12/31/2014<sup>(2)(3)(6)</sup> | 540225 | - |
|  | &nbsp;&nbsp;&nbsp;Total Convertible Bonds | 540225 | - |
|  | **COMMON EQUITIES – 87.11%** |  |  |
|  | &nbsp;&nbsp;&nbsp;*Accomodations – 0.23%* |  |  |
| 2000 | &nbsp;&nbsp;&nbsp;&nbsp;Civeo Corp.<sup>(3)(5)</sup> | 54150 | 52920 |
|  | &nbsp;&nbsp;&nbsp;*Communication Services – 0.03%* |  |  |
| 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IG Port, Inc. | 6557 | 3113 |
| 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOEI Animation Co. Ltd. | 4839 | 3270 |
|  |  | 11396 | 6383 |
|  | &nbsp;&nbsp;&nbsp;*Electric Power Generation, Transmission and Distribution – 3.85%* |  |  |
| 60500 | &nbsp;&nbsp;&nbsp;&nbsp;Hawaiian Electric Industries, Inc.<sup>(3)</sup> | 671407 | 897821 |
|  | &nbsp;&nbsp;&nbsp;*Financial Services – 0.65%* |  |  |
| 973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Associated Cap Group - Class A | 40594 | 38239 |
| 72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burford Capital, Ltd. | 611 | 325 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;Circle Internet Group, Inc.<sup>(3)</sup> | 187 | 191 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;Fairfax Financial Holdings Ltd.<sup>(5)</sup> | 2734 | 3404 |
| 416 | &nbsp;&nbsp;&nbsp;&nbsp;Fairfax India Holdings Corp.<sup>(3)(5)(8)</sup> | 6734 | 6698 |
| 40 | &nbsp;&nbsp;&nbsp;&nbsp;Partners Value Investments LP.<sup>(3)(5)</sup> | 781 | 769 |
| 113964 | &nbsp;&nbsp;&nbsp;&nbsp;Tetra Digital Group, Inc.<sup>(2)(3)(4)</sup> | 100000 | 98308 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;White Mountains Insurance Group, Inc.<sup>(5)</sup> | 3456 | 4394 |
|  |  | 155097 | 152328 |
|  | &nbsp;&nbsp;&nbsp;*Hospitality – 0.87%* |  |  |
| 7300 | &nbsp;&nbsp;&nbsp;&nbsp;Carnival Corp.<sup>(5)</sup> | 104635 | 188924 |
| 50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Caribbean Ltd. | 2940 | 13759 |
|  |  | 107575 | 202683 |
|  | &nbsp;&nbsp;&nbsp;*Industrial Specialties – 0.64%* |  |  |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;Nocopi Technologies, Inc. <sup>(3)(8)</sup> | 150000 | 150000 |
|  | &nbsp;&nbsp;&nbsp;*Live Sports (Spectator Sports) – 1.33%* |  |  |
| 5091 | &nbsp;&nbsp;&nbsp;&nbsp;Big League Advance, LLC<sup>(2)(3)(4)</sup> | 280000 | 311162 |
|  | &nbsp;&nbsp;&nbsp;*Metal Mining – 2.63%* |  |  |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anglo American PLC - ADR | 46 | 65 |
| 19510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mesabi Trust | 534586 | 614565 |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valterra Platnium Ltd. - ADR | 7 | 14 |
|  |  | 534639 | 614644 |
|  | &nbsp;&nbsp;&nbsp;*Medicinal Chemicals and Botanical Products – 9.39%* |  |  |
| 154456 | &nbsp;&nbsp;&nbsp;&nbsp;FitLife Brands, Inc.<sup>(3)</sup> | 9131687 | 2193275 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;*Oil and Gas – 38.38%* |  |  |
| 19835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian Basin Royalty Trust | 308899 | 426849 |
| 808445 | &nbsp;&nbsp;&nbsp;&nbsp;PetroHunter Energy Corporation<sup>(2)(3)(6)</sup> | 101056 |  |
| 16306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PrairieSky Royalty Ltd. | 207079 | 377437 |
| 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabine Royalty Trust | 8002 | 7534 |
| 17172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Pacific Land Corp. | 1079738 | 8149144 |
|  |  | 1704774 | 8960964 |
|  | &nbsp;&nbsp;&nbsp;*Oilfield Services – 0.17%* |  |  |
| 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liberty Energy, Inc. | 27247 | 40320 |
|  | &nbsp;&nbsp;&nbsp;*Other Financial Investment Activities – 3.26%* |  |  |
| 103800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Urbana Corp. | 420788 | 717072 |
| 6900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Urbana Corp. Class A | 23305 | 42905 |
|  |  | 444093 | 759977 |
|  | &nbsp;&nbsp;&nbsp;*Pipelines – 0.04%* |  |  |
| 201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners, LP. | 8773 | 8275 |
|  | &nbsp;&nbsp;&nbsp;*Real Estate – 0.03%* |  |  |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aztec Land and Cattle Company, Ltd. | 1300 | 1975 |
| 240 | &nbsp;&nbsp;&nbsp;&nbsp;Tejon Ranch<sup>(3)</sup> | 4227 | 4522 |
|  |  | 5527 | 6497 |
|  | &nbsp;&nbsp;&nbsp;*Real Estate Ops - Development – 0.86%* |  |  |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;Bolt data and Energy, Inc. <sup>(2)(3)(4)</sup> | 200000 | 200000 |
| 124 | &nbsp;&nbsp;&nbsp;&nbsp;Fermi, Inc. <sup>(3)</sup> | 1335 | 724 |
|  |  | 201335 | 200724 |
|  | &nbsp;&nbsp;&nbsp;*Remediation and Other Water Management Services – 0.00%* |  |  |
| 100 | &nbsp;&nbsp;&nbsp;&nbsp;Pure Cycle Corp.<sup>(3)</sup> | 1029 | 1006 |
|  |  | 1029 | 1006 |
|  | &nbsp;&nbsp;&nbsp;*Securities and Commodity Exchanges – 2.84%* |  |  |
| 720 | &nbsp;&nbsp;&nbsp;&nbsp;Bakkt Holdings, Inc.<sup>(3)</sup> | 16978 | 5299 |
| 3000 | &nbsp;&nbsp;&nbsp;&nbsp;CNSX Markets, Inc.<sup>(2)(3)(4)</sup> | 13502 | 15096 |
| 837 | &nbsp;&nbsp;&nbsp;&nbsp;Diamond Standard, Inc.<sup>(2)(3)(4)</sup> | 7533 | 7508 |
| 240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | 30806 | 37747 |
| 7000 | &nbsp;&nbsp;&nbsp;&nbsp;Miami International, Inc.<sup>(3)(9)</sup> | 105000 | 272440 |
| 5774 | &nbsp;&nbsp;&nbsp;&nbsp;Miami International Holdings, Inc.<sup>(3)(8)</sup> | 126062 | 224724 |
| 4350 | &nbsp;&nbsp;&nbsp;&nbsp;TXSE Group, Inc.<sup>(2)(3)(4)</sup> | 100050 | 100050 |
|  |  | 399931 | 662864 |
|  | &nbsp;&nbsp;&nbsp;*Securities, Commodity Contracts, and Other Financial Investments and Related Activities – 1.88%* |  |  |
| 1652 | &nbsp;&nbsp;&nbsp;&nbsp;Grayscale Bitcoin Mini Trust<sup>(3)</sup> | 39871 | 49543 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;Grayscale Ethereum Classic Trust<sup>(3)</sup> | 46 | 18 |
| 7282 | &nbsp;&nbsp;&nbsp;&nbsp;Grayscale Bitcoin Trust<sup>(3)</sup> | 249806 | 384198 |
| 114 | &nbsp;&nbsp;&nbsp;&nbsp;iShares Bitcoin Trust<sup>(3)</sup> | 4037 | 4380 |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;iShares Silver Trust ETF<sup>(3)</sup> | 111 | 273 |
|  |  | 293871 | 438412 |
|  | &nbsp;&nbsp;&nbsp;*Software Publisher – 0.86%* |  |  |
| 11621 | &nbsp;&nbsp;&nbsp;&nbsp;SB Technology, Inc.<sup>(2)(3)(4)</sup> | 199997 | 199997 |
|  | &nbsp;&nbsp;&nbsp;*Support Activities for Water Transportation – 6.34%* |  |  |
| 21448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Landbridge Company LLC | 368273 | 1480984 |
|  | &nbsp;&nbsp;&nbsp;*Surgical & Medical Instruments & Apparatus – 9.72%* |  |  |
| 615000 | &nbsp;&nbsp;&nbsp;&nbsp;Apyx Medical Corp.<sup>(3)</sup> | 1470958 | 2269350 |
|  | &nbsp;&nbsp;&nbsp;*Water, Sewage and Other Systems – 2.26%* |  |  |
| 19664 | &nbsp;&nbsp;&nbsp;&nbsp;Waterbridge Infrastructure LLC - Class A.<sup>(3)</sup> | 393280 | 526799 |
|  | Total Common Equities | 16615039 | 20137385 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **OPEN ENDED MUTUAL FUNDS – 0.13%** |  |  |
| 824.0 | &nbsp;&nbsp;&nbsp;Kinetics Spin-Off and Corporate Restructuring Fund<sup>(7)</sup> | 13168 | 29433 |
|  | Total Open Ended Mutual Funds | 13168 | 29433 |
|  | **PREFERRED STOCKS – 1.40%** |  |  |
| 22633.0 | &nbsp;&nbsp;&nbsp;Diamond Standard, Inc. Junior-1 Preferred<sup>(2)(3)(4)</sup> | 135800 | 237194 |
| 8333.0 | &nbsp;&nbsp;&nbsp;Diamond Standard, Inc. Junior-2 Preferred<sup>(2)(3)(4)</sup> | 49998 | 90080 |
|  | Total Preferred Stocks | 185798 | 327274 |
|  | **TOTAL INVESTMENTS – 100.68%** | $**20166278** | $**23306140** |
|  | OTHER ASSETS LESS LIABILITIES – 0.18% |  | 41116 |
|  | **NET ASSETS - 100.00%** |  | $**23347256** |

---

---

| | | | |
|:---|:---|:---|:---|
| Shares or<br> Principal<br> Amount | Company | Proceeds | Value |
|  | **SECURITIES SOLD SHORT – (0.10)%** |  |  |
|  | **EXCHANGE TRADED FUNDS – (0.08)%** |  |  |
| (105) | &nbsp;&nbsp;&nbsp;Direxion Daily Energy Bear 2X Shares ETF | (1900) | (1079) |
| (32) | &nbsp;&nbsp;&nbsp;Direxion Daily Gold Miners Index Bear 2X Shares ETF | (10708) | (1632) |
| (32) | &nbsp;&nbsp;&nbsp;Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF | (9886) | (1111) |
| (190) | &nbsp;&nbsp;&nbsp;Direxion Daily S&P Biotech Bear 3X Shares ETF | (8318) | (3097) |
| (38) | &nbsp;&nbsp;&nbsp;Direxion Daily S&P Oil & Gas Bear 2X Shares ETF | (309) | (157) |
| (41) | &nbsp;&nbsp;&nbsp;ProShares Ultra VIX Short-Term Futures ETF<sup>(3)</sup> | (3485) | (2144) |
| (6) | &nbsp;&nbsp;&nbsp;ProShares Ultra Bloomberg Crude Oil ETF<sup>(3)</sup> | (247) | (236) |
| (22) | &nbsp;&nbsp;&nbsp;ProShares Ultra Bloomberg Natural Gas ETF<sup>(3)</sup> | (396) | (355) |
| (24) | &nbsp;&nbsp;&nbsp;ProShares UltraShort ETF<sup>(3)</sup> | (1405) | (540) |
| (1) | &nbsp;&nbsp;&nbsp;ProShares UltraShort Bitcoin ETF | (42) | (57) |
| (72) | &nbsp;&nbsp;&nbsp;ProShares UltraShort Bloomberg Natural Gas ETF<sup>(3)</sup> | (2094) | (1563) |
| (54) | &nbsp;&nbsp;&nbsp;ProShares UltraShort Energy ETF | (1578) | (908) |
| (94) | &nbsp;&nbsp;&nbsp;ProShares UltraShort NASDAQ ETF | (970) | (830) |
| (113) | &nbsp;&nbsp;&nbsp;ProShares VIX Short-Term Futures ETF<sup>(3)</sup> | (5668) | (3882) |
| (10) | &nbsp;&nbsp;&nbsp;2X Long Vix Futures ETF<sup>(3)(5)</sup> | (101) | (87) |
|  | Total Exchange Traded Funds | (47107) | (17678) |
|  | **EXCHANGE TRADED NOTES – (0.02)%** |  |  |
| (136) | &nbsp;&nbsp;&nbsp;iPath Series B S&P VIX Short-Term Futures ETN<sup>(3)(5)</sup> | (7640) | (4855) |
|  | Total Exchange Traded Notes | (7640) | (4855) |
|  | **TOTAL SECURITIES SOLD SHORT – (0.10)%** | $(54747) | $(22533) |

---

ADR - American Depository Receipt

<sup>(1)</sup> The rate is the annualized seven-day yield at period end.

<sup>(2)</sup> See Annual Report Note 5 - Fair Value Measurements.

<sup>(3)</sup> Non-Income Producing.

<sup>(4)</sup> Security is a private company thats is illiquid and valued at fair value.

<sup>(5)</sup> Foreign security denominated in U.S. Dollars.

<sup>(6)</sup> The PetroHunter Energy Corporation ("PetroHunter") securities are in bankruptcy. The securities are valued at fair value.

<sup>(7)</sup> Affiliated security, given that the security is managed by the same Investment Advisor as the Fund.

<sup>(8)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $381,422, which represents 1.63% of Net Assets.

<sup>(9)</sup> Security is restricted.

 

*See accompanying Consolidated Notes to Schedule of Investments.*

**RENN Fund, Inc.**

**CONSOLIDATED NOTES TO SCHEDULE OF INVESTMENTS**

**As of March 31, 2026 (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 March 31, 2026, 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.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | | | | Dividends and Distributions | Dividends and Distributions |
| Name of Issuer and Title of Issue | Value<br> Beginning<br> of Period | Purchases | Sales Proceeds | Net Realized <br> Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value End <br> of Period | Capital Gains | Income |
| Kinetics Spin-off and Corporate | $19331 | $- | $- | $- | $10102 | $29433 | $- | $- |
| Restructuring Fund |  |  |  |  |  |  |  |  |
| **Total** | $19331 | $- | $- | $- | $10102 | $29433 | $- | $- |

---

<u>Name of Issuer and Title of Issue</u>   <u>Shares<br> Beginning<br> of Period</u>     <u>Purchases</u>     <u>Sales Proceeds</u>     <u>Stock Split</u>     <u>Shares End <br> of Period</u>   <br> Kinetics Spin-off and Corporate   <u>824</u>       <u>-</u>       <u>-</u>       <u>-</u>       <u>824</u>   <br> Restructuring Fund   <u>824</u>       <u>-</u>       <u>-</u>       <u>-</u>       <u>824</u>

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RENN FUND, INC.

- **b. Investment Company Act file number:** 811-22299

- **c. CIK number of Registrant:** 0000919567

- **d. LEI of Registrant:** 549300EVIWYKS7DR4714

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 470 PARK AVENUE SOUTH

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10016

  - **Telephone number:** 9147036904

**Item A.2. Information about the Series.**

- **a. Name of Series:** RENN Fund, Inc.

- **c. LEI of Series:** 549300EVIWYKS7DR4714

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $23439140.36

**Total Liabilities:** $91881.80

**Net Assets:** $23347258.56

**Amount of Assets Invested in Other Investment Companies:** $1344978.11

**Cash Not Reported:** $84667.73

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 8.48%                | 13.03%               | -4.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $229.45                  | $1682401.57                                |
| Month 2  | $10036.43                | $2851919.38                                |
| Month 3  | $168253.78               | $-1163774.07                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apyx Medical Corp                              | Apyx Medical Corp.                                                       | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |    615000 | NS      | $2269350.00   | 9.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Aztec Land and Cattle Co Ltd                   | Aztec Land and Cattle Co., Ltd.                                          | CUSIP: 054807102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $1975.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BIG LEAGUE ADVANCE LLC   /                     | BIG LEAGUE ADVANCE LLC   /                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5091 | NS      | $311161.92    | 1.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ProShares UltraShort Nasdaq Bi                 | ProShares UltraShort Nasdaq Biotechnology                                | CUSIP: 74347G838<br>LEI: PTULAHCC8IQGXP6RZP70 | Short            |  | RF                | US        |       -94 | NS      | $-830.02      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bakkt Inc                                      | Bakkt, Inc.                                                              | CUSIP: 05759B305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       720 | NS      | $5299.20      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Ultra Bloomberg Natu                 | ProShares Ultra Bloomberg Natural Gas                                    | CUSIP: 74347Y748<br>LEI: 549300EPPCKR546IOD19 | Short            |  | RF                | US        |       -22 | NS      | $-354.64      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BOLT DATA AND ENERGY, Inc.   /                 | BOLT DATA AND ENERGY, Inc.   /                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $200000.00    | 0.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Burford Capital Ltd                            | Burford Capital Ltd.                                                     | CUSIP: G17977110<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | US        |        72 | NS      | $325.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAD SPOT FORWARD CONTRACT   /                  | CAD SPOT FORWARD CONTRACT   /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CA        |       970 | OU      | $697.17       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                  | Carnival Corp.                                                           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |      7300 | NS      | $188924.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CNSX MARKETS, Inc..    /                       | CNSX MARKETS, Inc..    /                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      3000 | NS      | $15095.97     | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Circle Internet Group Inc                      | Circle Internet Group, Inc.                                              | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |         2 | NS      | $190.82       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Civeo Corp                                     | Civeo Corp.                                                              | CUSIP: 17878Y207<br>LEI: 254900H0BM0N0O4MSY43 | Long             | EC               | CORP              | US        |      2000 | NS      | $52920.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMOND STANDARD, Inc. JUNIOR-1 PREFERRED   /  | DIAMOND STANDARD, Inc. JUNIOR-1 PREFERRED   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     22633 | NS      | $237193.84    | 1.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DIAMOND STANDARD, Inc. COMMON STOCK - CL C   / | DIAMOND STANDARD, Inc. COMMON STOCK - CL C   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       837 | NS      | $7507.89      | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DIAMOND STANDARD, Inc. JUNIOR-2 PREFERRED   /  | DIAMOND STANDARD, Inc. JUNIOR-2 PREFERRED   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8333 | NS      | $90079.73     | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Direxion Daily S&P Oil & Gas E                 | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF                    | CUSIP: 25460G328<br>LEI: 549300UOLMLVGDCGJM06 | Short            |  | RF                | US        |       -38 | NS      | $-157.32      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Bitcoin Mini Trust E                 | Grayscale Bitcoin Mini Trust ETF                                         | CUSIP: 389930207<br>LEI: 529900WHTNX5LZCNWB27 | Long             |  | RF                | US        |      1652 | NS      | $49543.48     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraShort Energy                    | ProShares UltraShort Energy                                              | CUSIP: 74347G176<br>LEI: FQG71REHBHQSGRANGU57 | Short            |  | RF                | US        |       -54 | NS      | $-908.28      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily Gold Miners Ind                 | Direxion Daily Gold Miners Index Bear 2X ETF                             | CUSIP: 25461A189<br>LEI: 549300HIQ2RB0ZCO0820 | Short            |  | RF                | US        |       -32 | NS      | $-1631.36     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PETROHUNTER ENERGY CORP                        | PetroHunter Energy Corp.                                                 | CUSIP: EI3249758<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $0.00         | 0.00%             | 2027-12-31      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| Direxion Daily Energy Bear 2X                  | Direxion Daily Energy Bear 2X ETF                                        | CUSIP: 25460G179<br>LEI: 7CGLL92I97RWQVY01719 | Short            |  | RF                | US        |      -105 | NS      | $-1079.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Ethereum Classic Tru                 | Grayscale Ethereum Classic Trust                                         | CUSIP: 38963Q107<br>LEI: 54930092HET8DVEQYD83 | Long             |  | RF                | US        |         4 | NS      | $17.60        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio - Class III                                | CUSIP: 316175603<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   2718967 | PA      | $2718967.19   | 11.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Cash Reser                 | Fidelity Government Cash Reserves                                        | CUSIP: 316067107<br>LEI: 549300I3AUDS62CV2063 | Long             | STIV             | RF                | US        |     98532 | PA      | $98531.99     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax India Holdings Corp                    | Fairfax India Holdings Corp.                                             | CUSIP: 303897102<br>LEI: 549300K2JHXU7AX7CV78 | Long             | EC               | CORP              | CA        |       416 | NS      | $6697.60      | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd                 | Fairfax Financial Holdings Ltd.                                          | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |         2 | NS      | $3404.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fermi Inc                                      | Fermi, Inc.                                                              | CUSIP: 314911108<br>LEI: 529900TSHBYBCFMYZ228 | Long             | EC               | CORP              | US        |       124 | NS      | $724.16       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FitLife Brands Inc                             | FitLife Brands, Inc.                                                     | CUSIP: 33817P405<br>LEI: 549300A8X02SIUSI3V40 | Long             | EC               | CORP              | US        |    154456 | NS      | $2193275.20   | 9.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Grayscale Bitcoin Trust ETF                    | Grayscale Bitcoin Trust ETF                                              | CUSIP: 389637109<br>LEI: 549300XZGUJEF0EHBE41 | Long             |  | RF                | US        |      7282 | NS      | $384198.32    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I                 | Hawaiian Electric Industries, Inc.                                       | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     60500 | NS      | $897820.00    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trust ETF                      | iShares Bitcoin Trust ETF                                                | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             |  | RF                | US        |       114 | NS      | $4379.88      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange, Inc.                                          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       240 | NS      | $37747.20     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily Junior Gold Min                 | Direxion Daily Junior Gold Miners Index Bear 2X ETF                      | CUSIP: 25461A171<br>LEI: 54930022QLCZI8802L76 | Short            |  | RF                | US        |       -32 | NS      | $-1110.72     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraShort Bloomberg                 | ProShares UltraShort Bloomberg Natural Gas                               | CUSIP: 74347Y813<br>LEI: N/A                  | Short            |  | RF                | US        |       -72 | NS      | $-1563.12     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily S&P Biotech Bea                 | Direxion Daily S&P Biotech Bear 3X ETF                                   | CUSIP: 25461H853<br>LEI: 5493001EXBWSNYPRLT71 | Short            |  | RF                | US        |      -190 | NS      | $-3097.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Landbridge Co LLC                              | Landbridge Co. LLC - Class A                                             | CUSIP: 514952100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21448 | NS      | $1480984.40   | 6.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                             | Liberty Energy, Inc.                                                     | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1400 | NS      | $40320.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetics Spin-off and Corporat                 | Kinetics Spin-off and Corporate Restructuring Fund - Class Institutional | CUSIP: 494613532<br>LEI: N/A                  | Long             |  | RF                | US        |       824 | NS      | $29433.28     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MIAMI INTERNATIONAL HOLDINGS, INC.   /         | MIAMI INTERNATIONAL HOLDINGS, INC.   /                                   | CUSIP: 59364Z918<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $272440.00    | 1.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mesabi Trust                                   | Mesabi Trust                                                             | CUSIP: 590672101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18660 | NS      | $587790.00    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Royalty Trust                    | Permian Basin Royalty Trust                                              | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13122 | NS      | $282385.44    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabine Royalty Trust                           | Sabine Royalty Trust                                                     | CUSIP: 785688102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $7534.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WaterBridge Infrastructure LLC                 | WaterBridge Infrastructure LLC - Class A                                 | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19664 | NS      | $526798.56    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP                  | Western Midstream Partners LP                                            | CUSIP: 958669103<br>LEI: N/A                  | Long             |  | CORP              | US        |       201 | NS      | $8275.17      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Grou                 | White Mountains Insurance Group Ltd.                                     | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | US        |         2 | NS      | $4393.92      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraShort Silver                    | ProShares UltraShort Silver                                              | CUSIP: 74347Y672<br>LEI: V7DVKGAJ7ZORY4IOJ616 | Short            |  | RF                | US        |       -24 | NS      | $-540.24      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Toei Animation Co Ltd                          | Toei Animation Co., Ltd.                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       200 | NS      | $3270.22      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroHunter Energy Corp                        | PetroHunter Energy Corp.                                                 | CUSIP: 71649T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    808445 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Associated Capital Group Inc                   | Associated Capital Group, Inc. - Class A                                 | CUSIP: 045528106<br>LEI: 549300FBGXGSSUE01W24 | Long             | EC               | CORP              | US        |       973 | NS      | $38238.90     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd                          | Valterra Platinum Ltd. - ADR                                             | CUSIP: 03486T202<br>LEI: 529900RORCZ0E5S5FX81 | Long             |  | CORP              | ZA        |         1 | NS      | $14.14        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings I                 | Miami International Holdings, Inc.                                       | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |      5774 | NS      | $224724.08    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesabi Trust                                   | Mesabi Trust                                                             | CUSIP: 590672101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       850 | NS      | $26775.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Port Inc                                    | IG Port, Inc.                                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       400 | NS      | $3112.69      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                             | Anglo American PLC - ADR                                                 | CUSIP: 03485P409<br>LEI: 549300S9XF92D1X8ME43 | Long             |  | CORP              | GB        |         3 | NS      | $64.86        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nocopi Technologies Inc                        | Nocopi Technologies, Inc.                                                | CUSIP: 655213106<br>LEI: 5493009FRT4CFZEPIO73 | Long             | EC               | CORP              | US        |    100000 | NS      | $150000.00    | 0.64%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Permian Basin Royalty Trust                    | Permian Basin Royalty Trust                                              | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6709 | NS      | $144377.68    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Cycle Corp                                | Pure Cycle Corp.                                                         | CUSIP: 746228303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $1006.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PrairieSky Royalty Ltd                         | PrairieSky Royalty Ltd.                                                  | CUSIP: 739721959<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     16306 | NS      | $377437.42    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PARTNERS VALUE INVESTMENTS L                   | Partners Value Investments LP                                            | CUSIP: 70214W955<br>LEI: N/A                  | Long             | DE               | CORP              | CA        |        40 | NC      | $769.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                    | Royal Caribbean Cruises Ltd.                                             | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |        50 | NS      | $13759.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SB TECHNOLOGY, Inc. SANDBOX AQ   /             | SB TECHNOLOGY, Inc. SANDBOX AQ   /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11621 | NS      | $199997.41    | 0.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ProShares UltraShort Bitcoin E                 | ProShares UltraShort Bitcoin ETF                                         | CUSIP: 74349Y563<br>LEI: 5299006MOOTBKNV8XL39 | Short            |  | RF                | US        |        -1 | NS      | $-56.97       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust                           | iShares Silver Trust                                                     | CUSIP: 46428Q109<br>LEI: 549300K2C2CG14B0ZA09 | Long             |  | RF                | US        |         4 | NS      | $272.56       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA DIGITAL GROUP, Inc.   /                  | TETRA DIGITAL GROUP, Inc.   /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    113964 | NS      | $98308.39     | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Texas Pacific Land Corp                        | Texas Pacific Land Corp.                                                 | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17172 | NS      | $8149144.32   | 34.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                                 | Tejon Ranch Co.                                                          | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |       240 | NS      | $4521.60      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TXSE Group, Inc. COMMON STOCK   /              | TXSE Group, Inc. COMMON STOCK   /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4350 | NS      | $100050.00    | 0.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ProShares Ultra Bloomberg Crud                 | ProShares Ultra Bloomberg Crude Oil                                      | CUSIP: 74347Y888<br>LEI: W8URCVXVZUOAQKWNXQ58 | Short            |  | RF                | US        |        -6 | NS      | $-235.80      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Urbana Corp                                    | Urbana Corp.                                                             | CUSIP: 91707P950<br>LEI: 5493003WCSNG13LU3180 | Long             | EC               | CORP              | CA        |    103800 | NS      | $717071.38    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Urbana Corp                                    | Urbana Corp.                                                             | CUSIP: 91707P968<br>LEI: 5493003WCSNG13LU3180 | Long             | EC               | CORP              | CA        |      6900 | NS      | $42904.90     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| 2x Long VIX Futures ETF                        | 2x Long VIX Futures ETF                                                  | CUSIP: 92891H606<br>LEI: 549300VPUEG2PPXCMM61 | Short            |  | RF                | US        |       -10 | NS      | $-86.60       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Ultra VIX Short-Term                 | ProShares Ultra VIX Short-Term Futures ETF                               | CUSIP: 74347Y680<br>LEI: 549300EWSOHHPOVKHV20 | Short            |  | RF                | US        |       -41 | NS      | $-2144.30     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares VIX Short-Term Futur                 | ProShares VIX Short-Term Futures ETF                                     | CUSIP: 74347Y730<br>LEI: 5493005DV5M62XOUEG74 | Short            |  | RF                | US        |      -113 | NS      | $-3881.55     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                              | iPath Series B S&P 500 VIX Short-Term Futures ETN                        | CUSIP: 06748M196<br>LEI: N/A                  | Short            | STIV             | RF                | US        |      -136 | NS      | $-4855.20     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-06

**Name of Applicant:** RENN FUND, INC.

**Signature:** /s/ Jay Kesslen

**Name of Signer:** Jay Kesslen

**Title:** Chief Compliance Officer