RENN Fund : 3/30/2023 Quarterly Schedule of Portfolio Holdings

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		RENN Fund, Inc.
		Consolidated Schedule of Investments
		As of March 30, 2023 (Unaudited)
Shares or Principal
Amount		Company				Cost			Value
		MONEY MARKET FUNDS - 33.97%
85,656		Fidelity Government Cash Reserves Portfolio - Institutional Class, 4.51%	$	85,656	$	85,656
4,720,353		Fidelity Investment Money Market Funds Government Portfolio - Institutional Class, 4.72%		4,720,352			4,720,352
		Total Money Market Funds				4,806,008			4,806,008
		CONVERTIBLE BONDS - 0.00%
		Oil and Gas - 0.00%
1,000,000		PetroHunter Energy Corporation 8.50% Maturity 12/31/2014(1)(2)(5)		540,225			-
		Total Convertible Bonds				540,225			-
		COMMON EQUITIES - 64.15%
		Accomodations - 0.59%
4,050		Civeo Corp.(2)				149,418			83,633
		Aerospace & Defense - 0.03%
20		Boeing Co.(2)				4,267			4,249
		Asset Management - 1.21%
973		Associated Capital Group, Inc. - Class A				40,594			35,952
7,098		Gamco Investors, Inc.				189,620			134,507
						230,214			170,459
		Communication Services - 0.01%
100		Rumble, Inc.(2)				1,206			1,000
		Hospitality - 0.26%
3,300		Carnival Corp.(2)				36,634			33,495
50		Royal Caribbean Ltd.(2)				2,940			3,265
						39,574			36,760
		Marine Shipping - 0.08%
300		Clarkson PLC(4)				16,197			11,436
		Metal Mining - 4.45%
580		Franco-Nevada Corp.				83,192			84,564
18,650		Mesabi Trust				499,731			469,607
1,560		Wheaton Precious Metals Corp.				65,121			75,130
						648,044			629,301
		Medicinal Chemicals and Botanical Products - 9.14%
77,228		FitLife Brands, Inc.(2)				9,131,688			1,293,570
		Oil and Gas - 28.15%
19,315		Permian Basin Royalty Trust				291,622			471,286
808,445		PetroHunter Energy Corporation(1)(2)(5)				101,056			-
16,300		PrairieSky Royalty Ltd.(4)				206,969			258,098
100		Sabine Royalty Trust				8,002			7,181
1,908		Texas Pacific Land Corp.				1,079,739			3,245,546
						1,687,388			3,982,111

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	Other Financial Investment Activities - 0.43%
1	Morgan Group Holding Co.(2)			16			1
21,800	Urbana Corp.(4)			69,286			60,488
				69,302			60,489
	Real Estate - 0.47%
3,600	Tejon Ranch(2)			68,859			65,772
	Securities and Commodity Exchanges - 1.80%
685	Cboe Global Markets, Inc.			80,892			91,954
204	CME Group, Inc.			46,086			39,070
240	Intercontinental Exchange, Inc.			30,806			25,030
14,000	Miami International Holdings, Inc.(1)(2)(3)		105,000			98,980
				262,784			255,034
	Securities, Commodity Contracts, and Other Financial Investments and Related Activities -
	0.83%
7,200	Grayscale Bitcoin Trust(2)			277,162			117,792
	Live Sports (Spectator Sports) - 1.98%
5,091	Big League Advance, LLC.(1)(2)(3)			280,000			280,005
	Surgical & Medical Instruments & Apparatus - 12.52%
615,000	Apyx Medical Corp.(2)			1,470,958			1,771,200
	Technology Services - 2.20%
1,048	CACI International, Inc. - Class A.	(2)		296,485			310,501
	Total Common Equities			14,633,546			9,073,311
	EXCHANGE TRADED FUNDS - 0.06%
124	ProShares Short VIX Short-Term Futures ETF(2)		7,201			7,905
	Total Exchange Traded Funds			7,201			7,905
	OPEN ENDED MUTUAL FUNDS - 0.12%
824	Kinetics Spin-Off and Corporate Restructuring Fund(6)		13,167			17,040
	Total Open Ended Mutual Funds			13,167			17,040
	PREFERRED STOCKS - 1.31%
30,966	Diamond Standard, Inc.(1)(2)(3)			185,798			185,798
	Total Preferred Stocks			185,798			185,798
	WARRANTS - 0.02%
	Diamond Standard, Inc., Exercise Price: $9.00,
837	Expiration Date: January 15, 2026(1)(2)(3)		-			17
	Miami International Holdings, Inc., Exercise Price: $7.50,
2,132	Expiration Date: March 31, 2026(1)(2)(3)		-			2,942
	Total Warrants			-			2,959
	TOTAL INVESTMENTS - 99.63%		$	20,185,944		$	14,093,022
	OTHER ASSETS LESS LIABILITIES - 0.37%					52,778
	NET ASSETS - 100.00%					$	14,145,800

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Shares or Principal
Amount	Company
		SECURITIES SOLD SHORT - 0.00%
		EXCHANGE TRADED FUNDS - 0.00%
(13)	Direxion Daily Gold Miners Index Bear 2X Shares ETF
(14)	Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF(2)
(17)	ProShares Ultra VIX Short-Term Futures ETF(2)
(11)	ProShares VIX Short-Term Futures ETF(2)
		Total Exchange Traded Funds
		EXCHANGE TRADED NOTES - 0.00%
(5)	iPath Series B S&P VIX Short-Term Futures ETN(2)
		Total Exchange Traded Funds

TOTAL SECURITIES SOLD SHORT - 0.00%

	Proceeds			Value
$	(213)	$	(140)
	(135)		(83)
	(1,160)		(79)
	(109)		(100)
	(1,617)			(402	)
$	(245)	$	(225)
	(245)			(225	)
$	(1,862	)	$	(626	)

1. See Annual Report Note 5 - Fair Value Measurements.
2. Non-IncomeProducing.
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.

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RENN Fund, Inc.

CONSOLIDATED NOTES TO FINANCIAL STATEMENTS

As of March 31, 2023 (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, 2023 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.

												Change in
			Value								Unrealized
			Beginning			Sales		Net Realized			Appreciation		Value End of
Name of Issuer and Title of Issue		of Period	Purchases		Proceeds		Gain (Loss)			(Depreciation)		Period
Kinetics Spin-off and Corporate
Restructuring Fund	$	17,189		$	-	$	-	$	-	$	(149)	$	17,040
Total	$	17,189		$	-	$	-	$	-	$	(149)	$	17,040
					Shares
					Beginning				Sales					Shares End of
Name of Issuer and Title of Issue				of Period		Purchases		Proceeds			Stock Split		Period
Kinetics Spin-off and Corporate
Restructuring Fund					824		-		-		-		824
Total					824		-		-		-		824