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Livermore
Livermore
ZHEN

Rangeley Capital, LLC

SEC CIK
0001517796
Latest filing
Aug 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
121
+51 vs. Q2 2025
Portfolio value
$106.4M
+$27.0M (+34.0%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Rangeley Capital, LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
DKDelek US Holdings, Inc.COM206,000$6.65M6.2%−107,000−34.2%ReducedHistory
CLMTCalumet, Inc.COM331,000$6.04M5.7%+12,000+3.8%AddedHistory
ARVNArvinas, Inc.COM695,400$5.92M5.6%+600+0.1%AddedHistory
PRTAProthena Corp Public Ltd CoSHS560,457$5.47M5.1%−154,910−21.7%ReducedHistory
WOWWideOpenWest, Inc.COM948,000$4.89M4.6%+149,000+18.6%AddedHistory
YEXTYext, Inc.COM545,000$4.64M4.4%+545,000NewHistory
KROSKeros Therapeutics, Inc.COM258,619$4.09M3.8%−26,781−9.4%ReducedHistory
ABUSArbutus Biopharma CorpCOM840,000$3.81M3.6%−25,000−2.9%ReducedHistory
SEGSeaport Entertainment Group Inc.COMMON STOCK154,000$3.53M3.3%−4,000−2.5%ReducedHistory
TACOBerto Acquisition Corp.COM317,050$3.30M3.1%+317,050NewHistory
FLLFull House Resorts IncCOM891,010$2.86M2.7%+8,584+1.0%AddedHistory
SGRYSurgery Partners, Inc.Stock124,000$2.68M2.5%−42,060−25.3%ReducedHistory
CORZWCore Scientific, Inc.*W EXP 01/23/202136,200$2.44M2.3%−10,000−6.8%ReducedHistory
CDZICadiz IncCOM NEW516,000$2.44M2.3%+47,000+10.0%AddedHistory
NLOPNet Lease Office PropertiesCOM70,000$2.08M2.0%00.0%UnchangedHistory
ECHOEchoStar CORPCL A23,000$1.76M1.7%+23,000NewHistory
SEPNSepterna, Inc.COM88,000$1.66M1.6%+29,395+50.2%AddedHistory
STHOStar HoldingsSHS BEN INT177,000$1.46M1.4%+5,000+2.9%AddedHistory
NRPNatural Resource Partners LPCOM UNIT LTD PAR12,100$1.27M1.2%00.0%UnchangedHistory
LQDALiquidia CorpCOM NEW51,000$1.16M1.1%+51,000NewHistory
CCOICogent Communications Holdings, Inc.COM NEW29,700$1.14M1.1%+29,700NewHistory
RPTXRepare Therapeutics Inc.COM645,876$1.14M1.1%+290,584+81.8%AddedHistory
UANCVR Partners, LPCOM12,496$1.13M1.1%−2,504−16.7%ReducedHistory
KURAKura Oncology, Inc.COM120,000$1.06M1.0%+4,000+3.4%AddedHistory
GELGenesis Energy LPUNIT LTD PARTN62,000$1.04M1.0%−12,000−16.2%ReducedHistory
GSR III Acquisition Corp.G4R103107CL A100,000$1.04M1.0%+89,000+809.1%Added–
BSMBlack Stone Minerals, L.P.COM UNIT78,173$1.03M1.0%+78,173NewHistory
BCYCBicycle Therapeutics PLCSPONSORED ADS130,000$1.01M0.9%+55,000+73.3%AddedHistory
OMEXOdyssey Marine Exploration IncCOM NEW479,478$935.0K0.9%+479,478NewHistory
WENNWEN Acquisition CorpCOM84,180$851.9K0.8%+84,180NewHistory
Smart SH Global Ltd ADS83193E102ADR626,000$845.1K0.8%+626,000New–
BRRSilvia, Inc.SHS CL A83,000$840.0K0.8%+83,000NewHistory
GLUEMonte Rosa Therapeutics, Inc.COM113,000$837.3K0.8%+113,000NewHistory
SHCOSoho House & Co Inc.COM CL A93,200$824.8K0.8%+65,600+237.7%AddedHistory
SBXDSilverBox Corp IVSHS CL A77,027$806.5K0.8%+67,027+670.3%AddedHistory
ETNB89bio, Inc.COM54,000$793.8K0.7%+54,000NewHistory
SOCSable Offshore Corp.COM SHS42,000$733.3K0.7%+17,000+68.0%AddedHistory
FWRDForward Air CorpCOM27,400$702.5K0.7%+27,400NewHistory
LNSRLENSAR, Inc.COM55,000$679.3K0.6%+5,000+10.0%AddedHistory
BURBurford Capital LtdORD SHS55,000$657.8K0.6%+4,000+7.8%AddedHistory
MURAMural Oncology plcORD SHS305,000$631.4K0.6%+258,487+555.7%AddedHistory
HGVHilton Grand Vacations Inc.COM15,000$627.1K0.6%+15,000NewHistory
NATHNathans Famous, Inc.COM5,410$599.1K0.6%+5,410NewHistory
SWK Holdings Corp78501P203COM NEW41,000$596.5K0.6%00.0%Unchanged–
CHTRCharter Communications, Inc.CL A2,000$550.2K0.5%+2,000NewHistory
HEPSD-MARKET Electronic Services & TradingSPONSORED ADS200,000$538.0K0.5%00.0%UnchangedHistory
SCPHscPharmaceuticals Inc.COM93,747$531.5K0.5%+93,747NewHistory
BHFBrighthouse Financial, Inc.COM9,850$522.8K0.5%+9,850NewHistory
ABVXAbivax S.A.SPONSORED ADS6,000$509.4K0.5%+6,000NewHistory
PCAPProCap Acquisition CorpSHS CL A47,304$485.8K0.5%+47,304NewHistory
DRDBRoman DBDR Acquisition Corp. IICOM43,200$445.8K0.4%+43,200NewHistory
MGRMMonogram Technologies Inc.COM75,000$440.3K0.4%+75,000NewHistory
NBISNebius Group N.V.Stock3,900$437.9K0.4%00.0%UnchangedHistory
OKUROnKure Therapeutics, Inc.COM CL A155,490$427.6K0.4%+125,588+420.0%AddedHistory
ODPODP CorpCOM15,337$427.1K0.4%+15,337NewHistory
TDAYUSA TODAY Co., Inc.COM100,000$413.0K0.4%+100,000NewHistory
GTERUGloba Terra Acquisition CorpUNIT 99/99/999940,388$410.7K0.4%+40,388NewHistory
OACCOaktree Acquisition Corp. III Life SciencesSHS CL A37,827$397.6K0.4%+37,827NewHistory
VLOSVelos Acquisition I Corp.CL A36,214$382.1K0.4%+36,214NewHistory
FDMT4D Molecular Therapeutics, Inc.COM42,665$370.8K0.3%+29,665+228.2%AddedHistory
LBTYKLiberty Global Ltd.COM CL C30,000$352.5K0.3%+30,000NewHistory
Churchill Capital Corp IX/CaymanG21301109CL A SHS33,226$348.2K0.3%+33,226New–
UNHUnitedHealth Group IncStock1,000$345.3K0.3%+1,000NewHistory
KKellanovaStock4,000$328.1K0.3%+1,000+33.3%AddedHistory
FERAFifth Era Acquisition Corp IORD SHS CL A30,990$315.2K0.3%+30,990NewHistory
Mountain Lake Acquisition Corp.G6301B101SHS CL A30,000$309.0K0.3%+30,000New–
WWWW International, Inc.COM NEW11,000$301.0K0.3%+11,000NewHistory
SRDXSurmodics IncCOM10,000$298.9K0.3%+10,000NewHistory
BRSLBrightstar Lottery PLCSHS USD17,000$293.3K0.3%00.0%UnchangedHistory
NKTRNektar TherapeuticsCOM NEW4,895$278.5K0.3%+4,895NewHistory
STAAStaar Surgical CoCOM PAR $0.0110,000$268.7K0.3%+10,000NewHistory
D. Boral Arc Acq I Corp.G2616F127UNIT 07/23/203026,790$267.9K0.3%+26,790New–
ESTAEstablishment Labs Holdings Inc.COM6,499$266.4K0.3%+6,499NewHistory
MTSRMetsera, Inc.COM5,000$261.6K0.2%+5,000NewHistory
CEPOCantor Equity Partners I, Inc.COM25,000$261.5K0.2%+25,000NewHistory
LVTXLAVA Therapeutics NVSHS165,000$257.4K0.2%+137,927+509.5%AddedHistory
OTGAUOTG Acquisition Corp. IUNIT 09/05/203025,000$251.8K0.2%+25,000NewHistory
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/203023,600$238.4K0.2%+23,600NewHistory
AVIRAtea Pharmaceuticals, Inc.COM80,000$232.0K0.2%+27,000+50.9%AddedHistory
PACHUPioneer Acquisition I CorpUNIT 06/16/203022,157$222.7K0.2%+22,157NewHistory
FRNMFreenome, Inc.CL A ORD SHS20,832$220.8K0.2%+832+4.2%AddedHistory
FGNXFG Nexus Inc.COM NEW40,000$219.6K0.2%+40,000NewHistory
RDAGRepublic Digital Acquisition CoCOM20,000$204.2K0.2%+20,000NewHistory
TGNATegna IncCOM10,000$203.3K0.2%+10,000NewHistory
PEPGPepGen Inc.COM44,000$203.3K0.2%+9,000+25.7%AddedHistory
TACOUBerto Acquisition Corp.UNIT 99/99/999918,900$202.4K0.2%+18,900NewHistory
HVMCUHighview Merger Corp.UNIT 07/24/203020,000$202.4K0.2%+20,000NewHistory
TIPTTiptree Inc.COM10,000$191.7K0.2%+10,000NewHistory
TECXTectonic Therapeutic, Inc.COM12,000$188.3K0.2%+12,000NewHistory
TMQTrilogy Metals Inc.COM87,000$182.7K0.2%00.0%UnchangedHistory
Emmis Acquisition Corp.G3037D121UNIT 09/12/203018,107$180.8K0.2%+18,107New–
CORZCore Scientific, Inc.COM10,000$179.4K0.2%+10,000NewHistory
SPKLSpark I Acquisition CorpORD SHS14,173$164.8K0.2%+14,173NewHistory
LYELLyell Immunopharma, Inc.COM NEW10,000$162.4K0.2%+10,000NewHistory
IMXIInternational Money Express, Inc.COM10,000$139.7K0.1%+10,000NewHistory
BXBLBOXABL Inc.COM13,531$135.2K0.1%+13,531NewHistory
DOLEDole plcORD SHS10,000$134.4K0.1%+10,000NewHistory
AIFCAI Financial CorpCOM48,300$129.9K0.1%+48,300NewHistory
HCMAHCM III Acquisition Corp.ORD SHS CL A12,530$126.7K0.1%+12,530NewHistory
SITCSITE Centers Corp.COM14,000$126.1K0.1%−26,001−65.0%ReducedHistory

Options (6)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Rangeley Capital, LLC in Q3 2025
SecurityClassPutsCalls
iShares Russell 2000 ETF464287655ETF$4.84M–
CHTRCharter Communications, Inc.CL A–$2.48M
BHFBrighthouse Financial, Inc.COM–$759.0K
FWRDForward Air CorpCOM–$515.4K
BBIOBridgeBio Pharma, Inc.COM–$259.7K
EAElectronic Arts Inc.COM–$201.7K

Sold out since Q2 2025 (23)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Rangeley Capital, LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
SAGESage Therapeutics, Inc.COM730,000$6.66M8.4%History
ITOSiTeos Therapeutics, Inc.COM302,080$3.01M3.8%History
SKXSkechers USA IncCL A36,000$2.27M2.9%History
THRDThird Harmonic Bio, Inc.COM290,000$1.57M2.0%History
WBAWalgreens Boots Alliance, Inc.COM102,000$1.17M1.5%History
VERVVerve Therapeutics, Inc.COM62,000$696.3K0.9%History
BPMCBlueprint Medicines CorpCOM5,000$640.9K0.8%History
VIGLVigil Neuroscience, Inc.COM67,800$539.0K0.7%History
TBPHTheravance Biopharma, Inc.COM33,729$372.0K0.5%History
ELEVElevation Acquisition Group Inc.COM905,289$332.3K0.4%History
HLVXHilleVax, Inc.COM153,790$306.0K0.4%History
EPIXESSA Pharma Inc.COM NEW170,000$289.0K0.4%History
CRGXCARGO Therapeutics, Inc.COM41,851$172.4K0.2%History
Kodiak AI, Inc.G33033104SHS CLASS A11,920$135.1K0.2%–
Theratechnologies Inc88338H704COM NEW50,000$118.0K0.1%–
AKYAAkoya Biosciences, Inc.COM33,035$42.9K0.1%History
SEATVivid Seats Inc.COM CL A25,000$42.3K0.1%History
NUVBNuvation Bio Inc.COM CL A13,000$25.4K<0.1%History
LITSLite Strategy, Inc.COM10,000$24.7K<0.1%History
ZURAZura Bio LtdCLASS A ORD SHS21,000$22.1K<0.1%History
SDEVStablecoin Development CorpCOM NEW33,210$19.3K<0.1%History
SYBXSynlogic, Inc.COM NEW13,597$17.3K<0.1%History
Mountain Lake Acquisition Corp.G6301B127RIGHT 11/15/202830,000–––