![Steve Bregman](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Steve Bregman
Founder at
FRMO CORPORATION
Net worth: 6 M $ as of 2026-08-30
Profile
Steven is a co-founder, Co-Chief Executive Officer and Co-Chief Investment Officer of Horizon Kinetics.
He is a senior member of the Firm’s research team, a member of the Investment Committee and Board of Directors and supervises all research reports produced by the Firm.
Steven is a Co-Portfolio Manager for several registered investment companies, private funds, and separately managed accounts.
As one of the largest independent research firms, Horizon Kinetics focuses on structurally inefficient market sectors, including domestic spin-offs, global spin-offs (The Spin-Off Report and Global Spin-Off Report), distressed debt (Fixed Income Contrarian) and short sale candidates (Devil’s Advocate), among others.
Horizon Kinetics has also taken an interest in creating functionally improved indexes, such as the Spin-Off Indexes and the Wealth Indexes (which incorporate the owner-operator return variable) Steven is also the Co-Chief Executive Officer of FRMO Corp., an affiliated publicly traded company and is a member of the Board of Directors of Winland Holdings Inc., a public company.
He received a BA from Hunter College, and his CFA® Charter in 1989.
Steven has authored a variety of papers, notably “Spin-offs Revisited: A Review of a Structural Pricing Anomaly” (1996) and “Equity Strategies and Inflation” (2012).
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
1.33% | 2026-04-23 | 248,197 ( 1.33% ) | 6 M $ | 2026-08-30 |
RENN FUND INC 0.07% | 2026-06-29 | 4,934 ( 0.07% ) | 14 511 $ | 2026-08-30 |
Steve Bregman active positions
| Companies | Position | Start |
|---|---|---|
| FRMO CORPORATION | Founder | 1993-10-31 |
| WINLAND HOLDINGS CORPORATION | Director/Board Member | - |
| RENN FUND, INC. | Corporate Officer/Principal | 2020-12-31 |
Horizon Kinetics Asset Management LLC
 Horizon Kinetics Asset Management LLC Investment ManagersFinance HKAM is a contrarian (fact-based) investor. The firm conducts their own proprietary in-house research consisting primarily of qualitative and quantitative, bottom-up, value-oriented analysis of a wide universe of companies operating in the US and abroad. | Chief Executive Officer | 2026-03-31 |
Fromex Equity Corp.
 Fromex Equity Corp. Investment ManagersFinance Provides investment management services | Director of Finance/CFO | - |
Horizon Kinetics LLC
 Horizon Kinetics LLC Investment ManagersFinance Provides investment management company | Chief Executive Officer | - |
Winland Electronics, Inc.
 Winland Electronics, Inc. Electronic Equipment/InstrumentsElectronic Technology Manufactures medical condition monitoring products | Director/Board Member | - |
Former positions of Steve Bregman
| Companies | Position | End |
|---|---|---|
Kinetics Asset Management LLC
 Kinetics Asset Management LLC Investment ManagersFinance Kinetics Asset Management, along with their affiliates, conducts their own proprietary in-house research consisting primarily of a qualitative and quantitative, bottom-up, value-oriented analysis of a wide universe of companies operating in the US and abroad. Kinetics manages accounts primarily by investing, trading and dealing in public securities of all kinds and descriptions, including, but not limited to, equity, debt, convertible securities, bank loans, preferred stock, options, warrants, trade claims, and monetary instruments. On behalf of their clients, Kinetics may also invest in arbitrage and special situations, both long and short securities positions, option arbitrage, international arbitrage, and other strategies. | Founder | 2019-03-31 |
Kinetics Advisers LLC
 Kinetics Advisers LLC Investment ManagersFinance Kinetics Advisers focuses on long/short investments in invests in the next-generation Internet, communications and biotechnology sectors. The firm seeks to invest in companies with products and services that meet the needs of large, untapped markets. | Founder | 2019-03-31 |
| ░░░░░░░ ░░░░░ ░░░ ░░░░ ░░░░░░░ ░░░░░ | ░░░░░░░░░ ░░░░░░░░░░░░░░░░ | ░░░░░░░░░░ |
| ░░░░░░░░ ░░░░░░ ░░░░░ ░░░ | ░░░░░░░░░░░░░░ ░░░░░░ | - |
Training of Steve Bregman
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
42
1st degree connections
12
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 12 |
|---|---|
American Locker Group, Inc.
 American Locker Group, Inc. Building ProductsProducer Manufacturing Manufactures and sells lockers, locks and keys with a wide-range of applications for use in numerous industries | Producer Manufacturing |
Winland Holdings Corp.
 Winland Holdings Corp. Electronic Equipment/InstrumentsElectronic Technology Provides investment holdings for the marketing and selling of its line of proprietary critical condition monitoring products | Electronic Technology |
FRMO Corp.
 FRMO Corp. Investment ManagersFinance Operates as an intellectual capital company | Finance |
Bankers Trust Co. (Des Moines, Iowa)
 Bankers Trust Co. (Des Moines, Iowa) Investment ManagersFinance Bankers Trust treats investment management as an ongoing process to help clients achieve their future goals. The firm’s approach addresses their whole financial picture, from retirement planning to education funding to managing risk, and developing appropriate investment strategies for each area. | Finance |
Horizon Kinetics Asset Management LLC
Horizon Kinetics Asset Management LLC Investment ManagersFinance HKAM is a contrarian (fact-based) investor. The firm conducts their own proprietary in-house research consisting primarily of qualitative and quantitative, bottom-up, value-oriented analysis of a wide universe of companies operating in the US and abroad. | Finance |
Kinetics Asset Management LLC
Kinetics Asset Management LLC Investment ManagersFinance Kinetics Asset Management, along with their affiliates, conducts their own proprietary in-house research consisting primarily of a qualitative and quantitative, bottom-up, value-oriented analysis of a wide universe of companies operating in the US and abroad. Kinetics manages accounts primarily by investing, trading and dealing in public securities of all kinds and descriptions, including, but not limited to, equity, debt, convertible securities, bank loans, preferred stock, options, warrants, trade claims, and monetary instruments. On behalf of their clients, Kinetics may also invest in arbitrage and special situations, both long and short securities positions, option arbitrage, international arbitrage, and other strategies. | Finance |
Fromex Equity Corp.
Fromex Equity Corp. Investment ManagersFinance Provides investment management services | Finance |
Hunter College
 Hunter College Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Kinetics Advisers LLC
Kinetics Advisers LLC Investment ManagersFinance Kinetics Advisers focuses on long/short investments in invests in the next-generation Internet, communications and biotechnology sectors. The firm seeks to invest in companies with products and services that meet the needs of large, untapped markets. | Finance |
RENN Fund, Inc.
 RENN Fund, Inc. Investment Trusts/Mutual FundsMiscellaneous Acts as Closed-End Investment Fund/Investment Trust | Miscellaneous |
Horizon Kinetics LLC
Horizon Kinetics LLC Investment ManagersFinance Provides investment management company | Finance |
Winland Electronics, Inc.
Winland Electronics, Inc. Electronic Equipment/InstrumentsElectronic Technology Manufactures medical condition monitoring products | Electronic Technology |
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