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Livermore
Livermore
ZHEN

Rangeley Capital, LLC

SEC CIK
0001517796
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
115
−6 vs. Q3 2025
Portfolio value
$116.1M
+$9.66M (+9.1%) vs. Q3 2025
Filed
Feb 17, 2026
SEC
Holdings of Rangeley Capital, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
WBDWarner Bros. Discovery, Inc.Stock216,000$6.23M5.4%+216,000NewHistory
GDENNew Royal Holdco I Inc.COM209,881$5.71M4.9%+209,881NewHistory
CLMTCalumet, Inc.COM259,300$5.15M4.4%−71,700−21.7%ReducedHistory
PRTAProthena Corp Public Ltd CoSHS524,600$5.01M4.3%−35,857−6.4%ReducedHistory
YEXTYext, Inc.COM585,360$4.72M4.1%+40,360+7.4%AddedHistory
ARVNArvinas, Inc.COM395,800$4.69M4.0%−299,600−43.1%ReducedHistory
ABUSArbutus Biopharma CorpCOM840,000$4.04M3.5%00.0%UnchangedHistory
Avidity Biosciences, Inc.05370A108COM54,000$3.90M3.4%+54,000New–
RPTXRepare Therapeutics Inc.COM1,287,829$3.35M2.9%+641,953+99.4%AddedHistory
KWKennedy-Wilson Holdings, Inc.COM342,000$3.31M2.8%+342,000NewHistory
SEGSeaport Entertainment Group Inc.COMMON STOCK153,517$3.04M2.6%−483−0.3%ReducedHistory
DKDelek US Holdings, Inc.COM102,000$3.03M2.6%−104,000−50.5%ReducedHistory
TACOBerto Acquisition Corp.COM289,514$2.94M2.5%−27,536−8.7%ReducedHistory
GRNDGrindr Inc.COM212,000$2.87M2.5%+212,000NewHistory
ECHOEchoStar CORPCL A24,000$2.61M2.2%+1,000+4.3%AddedHistory
PLYMPlymouth Industrial REIT, Inc.COM114,000$2.49M2.1%+114,000NewHistory
FLLFull House Resorts IncCOM896,000$2.34M2.0%+4,990+0.6%AddedHistory
KROSKeros Therapeutics, Inc.COM96,800$1.97M1.7%−161,819−62.6%ReducedHistory
CWANClearwater Analytics Holdings, Inc.CL A80,000$1.93M1.7%+80,000NewHistory
FWRDForward Air CorpCOM76,000$1.90M1.6%+48,600+177.4%AddedHistory
SEPNSepterna, Inc.COM65,800$1.83M1.6%−22,200−25.2%ReducedHistory
NLOPNet Lease Office PropertiesCOM68,480$1.77M1.5%−1,520−2.2%ReducedHistory
MRSNMersana Therapeutics, Inc.COMMON STOCK57,098$1.65M1.4%+57,098NewHistory
AVDLAvadel Pharmaceuticals PLCStock75,953$1.64M1.4%+75,953NewHistory
BHFBrighthouse Financial, Inc.COM25,000$1.62M1.4%+15,150+153.8%AddedHistory
STHOStar HoldingsSHS BEN INT187,100$1.54M1.3%+10,100+5.7%AddedHistory
LEGLeggett & Platt IncStock135,930$1.50M1.3%+135,930NewHistory
CORZWCore Scientific, Inc.*W EXP 01/23/20296,400$1.40M1.2%−39,800−29.2%ReducedHistory
CDZICadiz IncCOM NEW249,000$1.40M1.2%−267,000−51.7%ReducedHistory
SEMSelect Medical Holdings CorpCOM81,072$1.20M1.0%+81,072NewHistory
OMEXOdyssey Marine Exploration IncCOM NEW608,749$1.19M1.0%+129,271+27.0%AddedHistory
RGRSturm Ruger & Co IncStock35,107$1.15M1.0%+35,107NewHistory
SWK Holdings Corp78501P203COM NEW63,000$1.08M0.9%+22,000+53.7%Added–
KURAKura Oncology, Inc.COM102,900$1.07M0.9%−17,100−14.2%ReducedHistory
GLUEMonte Rosa Therapeutics, Inc.COM67,500$1.06M0.9%−45,500−40.3%ReducedHistory
TGNATegna IncCOM53,000$1.03M0.9%+43,000+430.0%AddedHistory
BCYCBicycle Therapeutics PLCSPONSORED ADS132,000$934.6K0.8%+2,000+1.5%AddedHistory
ZIMZIM Integrated Shipping Services Ltd.SHS41,052$871.5K0.8%+41,052NewHistory
PLPlanet Labs PBCCOM CL A40,000$788.8K0.7%+40,000NewHistory
LNSRLENSAR, Inc.COM59,000$686.2K0.6%+4,000+7.3%AddedHistory
HGVHilton Grand Vacations Inc.COM15,000$671.3K0.6%00.0%UnchangedHistory
WENNWEN Acquisition CorpCOM62,530$631.6K0.5%−21,650−25.7%ReducedHistory
GBIOGeneration Bio Co.COMMON STOCK98,280$558.2K0.5%+98,280NewHistory
Smart SH Global Ltd ADS83193E102ADR476,600$557.6K0.5%−149,400−23.9%Reduced–
KOREKORE Group Holdings, Inc.COM NEW131,347$554.3K0.5%+131,347NewHistory
KZRKezar Life Sciences, Inc.COM85,926$540.5K0.5%+85,926NewHistory
ABVXAbivax S.A.SPONSORED ADS4,000$539.4K0.5%−2,000−33.3%ReducedHistory
BURBurford Capital LtdORD SHS58,000$517.4K0.4%+3,000+5.5%AddedHistory
GPACUGeneral Purpose Acquisition Corp.UNIT 12/03/203050,000$500.5K0.4%+50,000NewHistory
HEPSD-MARKET Electronic Services & TradingSPONSORED ADS200,000$496.0K0.4%00.0%UnchangedHistory
PCAPProCap Acquisition CorpSHS CL A47,304$479.2K0.4%00.0%UnchangedHistory
FONRFonar CorpCOM NEW25,113$466.1K0.4%+25,113NewHistory
DRDBRoman DBDR Acquisition Corp. IICOM43,200$450.6K0.4%00.0%UnchangedHistory
THSTreeHouse Foods, Inc.COM18,530$437.1K0.4%+18,530NewHistory
OACCOaktree Acquisition Corp. III Life SciencesSHS CL A40,032$423.5K0.4%+2,205+5.8%AddedHistory
OKUROnKure Therapeutics, Inc.COM CL A145,000$420.5K0.4%−10,490−6.7%ReducedHistory
GTERUGloba Terra Acquisition CorpUNIT 99/99/999940,361$414.9K0.4%−27−0.1%ReducedHistory
New Amer Acquisition I Corp023634207UNIT 99/99/999940,000$414.0K0.4%+40,000New–
TMQTrilogy Metals Inc.COM87,000$375.0K0.3%00.0%UnchangedHistory
JANXJanux Therapeutics, Inc.COM25,414$350.7K0.3%+25,414NewHistory
WWWW International, Inc.COM NEW12,000$350.6K0.3%+1,000+9.1%AddedHistory
D. Boral Arc Acq I Corp.G2616F127UNIT 07/23/203033,780$344.6K0.3%+6,990+26.1%Added–
FERAFifth Era Acquisition Corp IORD SHS CL A33,458$344.3K0.3%+2,468+8.0%AddedHistory
PRTHPriority Technology Holdings, Inc.COM61,000$332.4K0.3%+61,000NewHistory
NBISNebius Group N.V.Stock3,900$326.4K0.3%00.0%UnchangedHistory
DMIIUDrugs Made In America Acquisition II Corp.UNIT 09/16/203032,551$326.0K0.3%+32,551NewHistory
ABEOAbeona Therapeutics Inc.COM NEW57,600$303.6K0.3%+57,600NewHistory
FDMT4D Molecular Therapeutics, Inc.COM38,665$290.0K0.2%−4,000−9.4%ReducedHistory
AVIRAtea Pharmaceuticals, Inc.COM80,000$285.6K0.2%00.0%UnchangedHistory
OTGAUOTG Acquisition Corp. IUNIT 09/05/203027,520$280.4K0.2%+2,520+10.1%AddedHistory
PLRXPliant Therapeutics, Inc.COM225,000$274.5K0.2%+164,780+273.6%AddedHistory
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/203026,092$264.1K0.2%+2,492+10.6%AddedHistory
EVCEntravision Communications CorpCL A90,000$263.7K0.2%+90,000NewHistory
BHR.PBBraemar Hotels & Resorts Inc.5.5 CUM CV PFD B17,245$255.4K0.2%+17,245NewHistory
TDAYUSA TODAY Co., Inc.COM47,300$243.6K0.2%−52,700−52.7%ReducedHistory
PETSPetmed Express IncCOM75,000$240.0K0.2%+75,000NewHistory
PEPGPepGen Inc.COM36,200$235.7K0.2%−7,800−17.7%ReducedHistory
PACHUPioneer Acquisition I CorpUNIT 06/16/203022,145$226.3K0.2%−12−0.1%ReducedHistory
EXELExelixis, Inc.COM5,000$219.2K0.2%+5,000NewHistory
CCIICohen Circle Acquisition Corp. IICOM20,809$212.9K0.2%+20,809NewHistory
BHRBraemar Hotels & Resorts Inc.COM73,895$212.1K0.2%+73,895NewHistory
DBRGDigitalBridge Group, Inc.CL A NEW13,800$211.7K0.2%+13,800NewHistory
ACETAdicet Bio, Inc.COM NEW25,001$210.5K0.2%+25,001NewHistory
RDAGRepublic Digital Acquisition CoCOM20,188$204.4K0.2%+188+0.9%AddedHistory
QUREuniQure N.V.SHS8,500$203.4K0.2%+8,500NewHistory
HVMCUHighview Merger Corp.UNIT 07/24/203020,000$202.6K0.2%00.0%UnchangedHistory
NVRIEnviri CorpCOM10,667$191.2K0.2%+10,667NewHistory
RZLTRezolute, Inc.COM NEW78,200$184.6K0.2%+78,200NewHistory
EMISEmmis Acquisition Corp.SHS CL A18,107$180.2K0.2%+18,107NewHistory
SOCSable Offshore Corp.COM SHS19,000$171.4K0.1%−23,000−54.8%ReducedHistory
IMXIInternational Money Express, Inc.COM10,000$153.6K0.1%00.0%UnchangedHistory
MREOMereo BioPharma Group plcSPON ADS364,000$151.7K0.1%+364,000NewHistory
CORZCore Scientific, Inc.COM10,000$145.6K0.1%00.0%UnchangedHistory
HCMAHCM III Acquisition Corp.ORD SHS CL A14,046$141.0K0.1%+1,516+12.1%AddedHistory
IMAImageneBio, Inc.COM18,244$125.9K0.1%+3,244+21.6%AddedHistory
CPACCementos Pacasmayo SaaSPONSORED ADR12,000$125.0K0.1%+12,000NewHistory
SPKLSpark I Acquisition CorpORD SHS10,813$123.6K0.1%−3,360−23.7%ReducedHistory
TASKTaskUs, Inc.CLASS A COM10,000$117.9K0.1%+10,000NewHistory
PMTRPerimeter Acquisition Corp. ICOM CL A10,000$102.8K0.1%+10,000NewHistory
MCGAUYorkville Acquisition Corp.UNIT 06/06/203010,000$102.6K0.1%00.0%UnchangedHistory

Options (7)

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 Q4 2025
SecurityClassPutsCalls
WBDWarner Bros. Discovery, Inc.Stock–$1.69M
iShares Russell 2000 ETF464287655ETF$1.23M–
FWRDForward Air CorpCOM–$557.5K
BBIOBridgeBio Pharma, Inc.COM–$382.4K
BHFBrighthouse Financial, Inc.COM–$278.6K
PLYMPlymouth Industrial REIT, Inc.COM$2.19K$142.2K
NVRIEnviri CorpCOM–$17.9K

Sold out since Q3 2025 (52)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Rangeley Capital, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
WOWWideOpenWest, Inc.COM948,000$4.89M4.6%History
SGRYSurgery Partners, Inc.Stock124,000$2.68M2.5%History
NRPNatural Resource Partners LPCOM UNIT LTD PAR12,100$1.27M1.2%History
LQDALiquidia CorpCOM NEW51,000$1.16M1.1%History
CCOICogent Communications Holdings, Inc.COM NEW29,700$1.14M1.1%History
UANCVR Partners, LPCOM12,496$1.13M1.1%History
GELGenesis Energy LPUNIT LTD PARTN62,000$1.04M1.0%History
GSR III Acquisition Corp.G4R103107CL A100,000$1.04M1.0%–
BSMBlack Stone Minerals, L.P.COM UNIT78,173$1.03M1.0%History
BRRSilvia, Inc.SHS CL A83,000$840.0K0.8%History
SBXDSilverBox Corp IVSHS CL A77,027$806.5K0.8%History
ETNB89bio, Inc.COM54,000$793.8K0.7%History
MURAMural Oncology plcORD SHS305,000$631.4K0.6%History
NATHNathans Famous, Inc.COM5,410$599.1K0.6%History
CHTRCharter Communications, Inc.CL A2,000$550.2K0.5%History
SCPHscPharmaceuticals Inc.COM93,747$531.5K0.5%History
MGRMMonogram Technologies Inc.COM75,000$440.3K0.4%History
ODPODP CorpCOM15,337$427.1K0.4%History
VLOSVelos Acquisition I Corp.CL A36,214$382.1K0.4%History
LBTYKLiberty Global Ltd.COM CL C30,000$352.5K0.3%History
Churchill Capital Corp IX/CaymanG21301109CL A SHS33,226$348.2K0.3%–
UNHUnitedHealth Group IncStock1,000$345.3K0.3%History
KKellanovaStock4,000$328.1K0.3%History
Mountain Lake Acquisition Corp.G6301B101SHS CL A30,000$309.0K0.3%–
SRDXSurmodics IncCOM10,000$298.9K0.3%History
BRSLBrightstar Lottery PLCSHS USD17,000$293.3K0.3%History
NKTRNektar TherapeuticsCOM NEW4,895$278.5K0.3%History
STAAStaar Surgical CoCOM PAR $0.0110,000$268.7K0.3%History
ESTAEstablishment Labs Holdings Inc.COM6,499$266.4K0.3%History
MTSRMetsera, Inc.COM5,000$261.6K0.2%History
CEPOCantor Equity Partners I, Inc.COM25,000$261.5K0.2%History
LVTXLAVA Therapeutics NVSHS165,000$257.4K0.2%History
FRNMFreenome, Inc.CL A ORD SHS20,832$220.8K0.2%History
FGNXFG Nexus Inc.COM NEW40,000$219.6K0.2%History
TACOUBerto Acquisition Corp.UNIT 99/99/999918,900$202.4K0.2%History
TIPTTiptree Inc.COM10,000$191.7K0.2%History
TECXTectonic Therapeutic, Inc.COM12,000$188.3K0.2%History
Emmis Acquisition Corp.G3037D121UNIT 09/12/203018,107$180.8K0.2%–
LYELLyell Immunopharma, Inc.COM NEW10,000$162.4K0.2%History
BXBLBOXABL Inc.COM13,531$135.2K0.1%History
DOLEDole plcORD SHS10,000$134.4K0.1%History
AIVApartment Investment & Management CoCL A15,000$119.0K0.1%History
MLTXMoonLake ImmunotherapeuticsCLASS A ORD15,000$107.5K0.1%History
BTBTBit Digital, IncSHS22,950$68.8K0.1%History
ACETAdicet Bio, Inc.COM75,000$60.8K0.1%History
SPROSpero Therapeutics, Inc.COM30,000$56.4K0.1%History
AMPYAmplify Energy Corp.COM10,000$52.5K<0.1%History
REPLReplimune Group, Inc.COM10,400$43.6K<0.1%History
CABACabaletta Bio, Inc.COM11,300$26.4K<0.1%History
FRMMForum Markets IncCOM10,000$24.1K<0.1%History
NERVMinerva Neurosciences, Inc.COM NEW10,000$21.1K<0.1%History
TACOWBerto Acquisition Corp.COM10,000––History