RENN Fund, Inc.
Consolidated Schedule of Investments
As of March 31, 2022 (Unaudited)
Shares or Principal Amount | Company | Cost | Value | |||||||||
| MONEY MARKET FUNDS – 34.36% | ||||||||||||
| 83,886 | Fidelity Government Cash Reserves Portfolio - Institutional Class, 0.01% | $ | 83,886 | $ | 83,886 | |||||||
| 5,126,235 | Fidelity Investment Money Market Funds Government Portfolio - Institutional Class, 0.01% | 5,126,235 | 5,126,235 | |||||||||
| Total Money Market Funds | 5,210,121 | 5,210,121 | ||||||||||
| CONVERTIBLE BONDS – 0.00% | ||||||||||||
| Oil and Gas – 0.00% | ||||||||||||
| 1,000,000 | PetroHunter Energy Corporation 8.50% Maturity 12/31/2014(1)(2)(5) | 727,396 | - | |||||||||
| Total Convertible Bonds | 727,396 | - | ||||||||||
| COMMON EQUITIES – 63.88% | ||||||||||||
| Accomodations – 0.56% | ||||||||||||
| 3,608 | Civeo Corp.(2) | 127,363 | 85,167 | |||||||||
| Aerospace & Defense – 0.03% | ||||||||||||
| 20 | Boeing Co.(2) | 4,267 | 3,831 | |||||||||
| Asset Management – 1.30% | ||||||||||||
| 973 | Associated Capital Group, Inc. - Class A | 40,594 | 40,778 | |||||||||
| 7,098 | Gamco Investors, Inc. | 189,620 | 156,937 | |||||||||
| 230,214 | 197,715 | |||||||||||
| Diversified Financial Services – 0.20% | ||||||||||||
| 1,800 | Galaxy Digital Holdings Ltd.(2)(4) | 31,086 | 30,667 | |||||||||
| Marine Shipping – 0.10% | ||||||||||||
| 300 | Clarkson PLC(4) | 16,197 | 14,582 | |||||||||
| Metal Mining – 4.35% | ||||||||||||
| 580 | Franco-Nevada Corp. | 83,192 | 92,522 | |||||||||
| 18,478 | Mesabi Trust | 496,054 | 492,254 | |||||||||
| 1,560 | Wheaton Precious Metals Corp. | 65,121 | 74,225 | |||||||||
| 644,367 | 659,001 | |||||||||||
| Medicinal Chemicals and Botanical Products – 6.10% | ||||||||||||
| 77,228 | FitLife Brands, Inc.(2) | 9,131,688 | 925,964 | |||||||||
| Oil and Gas – 19.31% | ||||||||||||
| 9,859 | Permian Basin Royalty Trust | 125,710 | 123,336 | |||||||||
| 808,445 | PetroHunter Energy Corporation(1)(2)(5) | 101,056 | - | |||||||||
| 16,300 | PrairieSky Royalty Ltd.(4) | 193,455 | 225,426 | |||||||||
| 1,908 | Texas Pacific Land Trust | 1,079,739 | 2,579,826 | |||||||||
| 1,499,960 | 2,928,588 | |||||||||||
| Other Financial Investment Activities – 0.03% | ||||||||||||
| 100 | CF Acquisition Corp.VI – Class A. (2) | 1,206 | 1,187 | |||||||||
| 1 | Morgan Group Holding Co.(2) | 16 | 2 | |||||||||
| 900 | Urbana Corp.(4) | 2,910 | 2,807 | |||||||||
| 4,132 | 3,996 | |||||||||||
| Real Estate – 0.43% | ||||||||||||
| 3,600 | Tejano Ranch Co.(2) | 68,859 | 65,736 | |||||||||
| Securities and Commodity Exchanges – 1.78% | ||||||||||||
| 685 | Cboe Global Markets, Inc. | 80,892 | 78,378 | |||||||||
| 204 | CME Group, Inc. | 46,086 | 48,523 | |||||||||
| 240 | Intercontinental Exchange, Inc. | 30,806 | 31,709 | |||||||||
| 14,000 | Miami International Holdings, Inc.(1)(2)(3) | 105,000 | 110,740 | |||||||||
| 262,784 | 269,350 | |||||||||||
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities – 1.10% | ||||||||||||
| 5,460 | Grayscale Bitcoin Trust(2) | 258,912 | 166,748 | |||||||||
| Surgical & Medical Instruments & Apparatus – 26.48% | ||||||||||||
| 615,000 | Apyx Medical Corp.(2) | 1,470,958 | 4,015,950 | |||||||||
| Technology Services – 2.11% | ||||||||||||
| 550 | Core Scientific, Inc.(2) | 7,513 | 4,526 | |||||||||
| 1,048 | CACI International, Inc. – Class A. (2) | 296,486 | 315,720 | |||||||||
| 303,999 | 320,246 | |||||||||||
| Total Common Equities | 14,054,786 | 9,687,541 | ||||||||||
| EXCHANGE TRADED FUNDS – 0.05% | ||||||||||||
| 124 | ProShares Short VIX Short-Term Futures ETF(2) | 7,201 | 6,765 | |||||||||
| Total Exchange Traded Funds | 7,201 | 6,765 | ||||||||||
| OPEN ENDED MUTUAL FUNDS – 0.10% | ||||||||||||
| 824 | Kinetics Spin-Off and Corporate Restructuring Fund | 13,167 | 15,829 | |||||||||
| Total Open Ended Mutual Funds | 13,167 | 15,829 | ||||||||||
| PREFERRED STOCKS – 1.23% | ||||||||||||
| 30,966 | Diamond Standard, Inc.(1)(2)(3) | 185,798 | 185,798 | |||||||||
| Total Preferred Stocks | 185,798 | 185,798 | ||||||||||
| WARRANTS – 0.03% | ||||||||||||
| 837 | Diamond Standard, Inc., Exercise Price: $9.00, Expiration Date: January 15, 2026(1)(2)(3) | - | - | |||||||||
| 2,132 | Miami International Holdings, Inc., Exercise Price: $7.50, Expiration Date: March 31, 2026(1)(2)(3) | - | 4,413 | |||||||||
| Total Warrants | - | 4,413 | ||||||||||
| TOTAL INVESTMENTS – 99.65% | $ | 20,198,468 | $ | 15,110,467 | ||||||||
| OTHER ASSETS LESS LIABILITIES – 0.35% | 53,792 | |||||||||||
| NET ASSETS - 100.00% | $ | 15,164,259 |
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 | ) | $ | (144 | ) | ||||
| (12 | ) | Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF(2) | (123 | ) | (93 | ) | ||||||
| (7 | ) | ProShares Ultra VIX Short-Term Futures ETF(2) | (1,102 | ) | (94 | ) | ||||||
| Total Exchange Traded Funds | (1,427 | ) | (331 | ) | ||||||||
| TOTAL SECURITIES SOLD SHORT – 0.00% | $ | (1,427 | ) | $ | (331 | ) | ||||||
| (1) | See Annual Report Note 5 - Fair Value Measurements. |
| (2) | Non-Income Producing. |
| (3) | 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. |