Rangeley Capital, LLC

NEW CANAAN, CT · CIK 1517796 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2024 · limited liability company

Assets managed$220.5m
Staff5 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds6 (6 hedge) · $220.0m gross assets
Form ADV · 2026-05-12SEC adviser record

Kindhedge funds
Others nearbyNew Canaan, CT

As an employer

Offices in1 country
Private fundshedge 6

$107.5m reported value +16.1% vs Q1 2026

176positions

32.7%in top 10

70 new 28 added 42 reduced 27 sold out vs Q1 2026

Options: 7 call positions ($1.9m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	DRIVEN BRANDS HLDGS INC COM DRVN	DRVN	518,246	$7.2m6.72%	6.72%	Reduced -107.3k	-107,254 -17.1%
2	REVOLUTION MEDICINES INC *W EXP 12/17/202 RVMDW	RVMDW	25,000	$4.7m4.35%	4.35%	New
3	PROTHENA CORP PLC SHS PRTA	PRTA	417,270	$4.1m3.80%	3.80%	Reduced -32.2k	-32,190 -7.2%
4	SEAPORT ENTMT GROUP INC COMMON STOCK SEG	SEG	153,517	$4.1m3.80%	3.80%	Unchanged
5	GRINDR INC COM GRND	GRND	220,000	$3.2m2.94%	2.94%	Reduced -14.0k	-14,000 -6.0%
6	STAR HLDGS SHS BEN INT STHO	STHO	324,408	$3.0m2.75%	2.75%	Added +50.3k	+50,336 18.4%
7	FULL HSE RESORTS INC COM FLL	FLL	925,578	$2.6m2.40%	2.40%	Added +10.0k	+10,000 1.1%
8	ARBUTUS BIOPHARMA CORP COM ABUS	ABUS	500,000	$2.4m2.23%	2.23%	Unchanged
9	TRIPADVISOR INC COM TRIP	TRIP	152,000	$2.1m1.94%	1.94%	Reduced -38.0k	-38,000 -20.0%
10	ECHOSTAR CORP CL A ECHO	ECHO	17,800	$1.8m1.72%	1.72%	Reduced -200	-200 -1.1%
11	ABIVAX SA SPONSORED ADS ABVX	ABVX	13,000	$1.7m1.61%	1.61%	Added +9.0k	+9,000 225.0%
12	GREEN DOT CORP CL A GDOT	GDOT	127,594	$1.7m1.60%	1.60%	Reduced -35.1k	-35,138 -21.6%
13	DISTRIBUTION SOLUTIONS GRP I COM DSGR	DSGR	63,000	$1.7m1.60%	1.60%	Added +46.1k	+46,143 273.7%
14	THERAVANCE BIOPHARMA INC COM 0TB	0TB	99,500	$1.7m1.57%	1.57%	Reduced -3.5k	-3,500 -3.4%
15	RALLYBIO CORP COM RLYB	RLYB	104,850	$1.7m1.56%	1.56%	Added +74.7k	+74,720 248.0%
16	ORION OFFICE REIT INC COM ONL	ONL	578,567	$1.7m1.56%	1.56%	Reduced -336.4k	-336,433 -36.8%
17	MONRO INC COM MNRO	MNRO	96,500	$1.7m1.54%	1.54%	Added +44.2k	+44,156 84.4%
18	REVOLUTION MEDICINES INC COM RVMD	RVMD	8,700	$1.6m1.52%	1.52%	Reduced -58.0k	-58,000 -87.0%
19	BRIGHTHOUSE FINL INC COM BHF	BHF	25,000	$1.6m1.47%	1.47%	Unchanged
20	JANUX THERAPEUTICS INC COM JANX	JANX	97,978	$1.5m1.40%	1.40%	Reduced -24.5k	-24,522 -20.0%
21	NOMAD FOODS LTD USD ORD SHS NOMD	NOMD	135,000	$1.5m1.37%	1.37%	New
22	ARVINAS INC COM ARVN	ARVN	175,590	$1.5m1.36%	1.36%	Reduced -48.4k	-48,400 -21.6%
23	DELEK US HLDGS INC NEW COM DK	DK	27,000	$1.4m1.28%	1.28%	Reduced -33.0k	-33,000 -55.0%
24	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	51,000	$1.4m1.26%	1.26%	Unchanged
25	ZIM INTEGRATED SHIPPING SERV SHS ZIM	ZIM	52,000	$1.4m1.26%	1.26%	Reduced -3.0k	-3,000 -5.5%
26	MOUNTAIN LAKE ACQUISIT CORP USD CL A ORD SHS MLAA	MLAA	127,791	$1.3m1.18%	1.18%	New
27	ENTRAVISION COMMUNICATIONS C CL A EVC	EVC	91,000	$1.2m1.10%	1.10%	Reduced -9.0k	-9,000 -9.0%
28	RAPID7 INC COM RPD	RPD	143,000	$1.2m1.08%	1.08%	New
29	BICYCLE THERAPEUTICS PLC SPONSORED ADS BCYC	BCYC	253,500	$1.1m1.00%	1.00%	Added +21.2k	+21,240 9.1%
30	NET LEASE OFFICE PROPERTIES COM NLOP	NLOP	95,000	$1.1m0.98%	0.98%	Reduced -19.9k	-19,870 -17.3%
31	KURA ONCOLOGY INC COM KURA	KURA	94,000	$1.0m0.96%	0.96%	Reduced -7.2k	-7,220 -7.1%
32	WILLIS LEASE FIN CORP COM WLFC	WLFC	4,000	$915.2k0.85%	0.85%	New
33	WEN ACQUISITION CORP COM CL A WENN	WENN	88,113	$897.3k0.83%	0.83%	Added +3.1k	+3,113 3.7%
34	DOMO INC COM CL B HUCK	HUCK	276,000	$863.9k0.80%	0.80%	Added +250.0k	+250,000 961.5%
35	META PLATFORMS INC CL A META	META	1,500	$844.9k0.79%	0.79%	New
36	RAYONIER ADVANCED MATLS INC COM RYAM	RYAM	104,808	$823.8k0.77%	0.77%	New
37	IMMERSION CORP COM IMMR	IMMR	110,000	$744.7k0.69%	0.69%	Added +35.0k	+35,000 46.7%
38	FORWARD AIR CORP COM FWRD	FWRD	55,000	$743.0k0.69%	0.69%	Reduced -30.0k	-30,000 -35.3%
39	INMODE LTD SHS INMD	INMD	50,000	$731.0k0.68%	0.68%	New
40	DOUBLEDOWN INTERACTIVE CO LT ADS DDI	DDI	61,000	$700.3k0.65%	0.65%	New
41	CALUMET INC COM CLMT	CLMT	19,000	$684.4k0.64%	0.64%	Reduced -34.0k	-34,000 -64.2%
42	XPONENTIAL FITNESS INC COM CL A XPOF	XPOF	97,485	$674.6k0.63%	0.63%	New
43	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	4,500	$639.9k0.60%	0.60%	New
44	D. BORAL ARC ACQ I CORP. SHS CL A SHS CL A		61,150	$637.8k0.59%	0.59%	New
45	AXIOM INTELLIGENCE AC CORP 1 ORD SHS CL A AXIN	AXIN	61,193	$632.7k0.59%	0.59%	New
46	ROMAN DBDR ACQUISITION CORP ORD SHS CL A DRDB	DRDB	60,000	$632.1k0.59%	0.59%	Unchanged
47	GROCERY OUTLET HLDG CORP COM GO	GO	63,000	$628.7k0.58%	0.58%	Added +23.0k	+23,000 57.5%
48	PHIBRO ANIMAL HEALTH CORP CL A COM PAHC	PAHC	20,000	$628.0k0.58%	0.58%	New
49	COHEN CIRCLE ACQUISIT CORP I SHS CL A CCII	CCII	60,200	$615.8k0.57%	0.57%	Added +50.2k	+50,200 502.0%
50	YEXT INC COM YEXT	YEXT	130,328	$608.6k0.57%	0.57%	Added +31.0k	+31,000 31.2%
51	KEROS THERAPEUTICS INC COM KROS	KROS	54,400	$582.1k0.54%	0.54%	Unchanged
52	D MARKET ELECTR SVCS & TRADI SPONSORED ADS HEPS	HEPS	200,000	$582.0k0.54%	0.54%	Unchanged
53	CORE SCIENTIFIC INC NEW *W EXP 01/23/202 CORZW	CORZW	21,600	$552.7k0.51%	0.51%	Reduced -5.6k	-5,600 -20.6%
54	ENGENE THERAPEUTICS INC COM ENGN	ENGN	305,102	$527.8k0.49%	0.49%	New
55	SCRIPPS E W CO OHIO CL A NEW SSP	SSP	187,000	$518.0k0.48%	0.48%	Added +101.5k	+101,510 118.7%
56	GENERAL PURP ACQUISITION COR UNIT 12/03/2030 GPACU	GPACU	50,000	$505.0k0.47%	0.47%	Unchanged
57	NEKTAR THERAPEUTICS COM NEW NKTR	NKTR	7,000	$488.7k0.45%	0.45%	New
58	KLAVIYO INC COM SER A KVYO	KVYO	31,000	$468.1k0.44%	0.44%	New
59	SILICON VY ACQUISITION CORP CL A SVAQ	SVAQ	46,162	$466.3k0.43%	0.43%	New
60	UNIQURE NV SHS QURE	QURE	10,000	$460.6k0.43%	0.43%	Reduced -3.0k	-3,000 -23.1%
61	FUTURECREST ACQUISITION CORP CL A ORD SHS FCRS	FCRS	44,070	$453.9k0.42%	0.42%	Added +3.4k	+3,367 8.3%
62	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	13,600	$452.7k0.42%	0.42%	New
63	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	1,500	$451.5k0.42%	0.42%	New
64	INHIBIKASE THERAPEUTICS INC COM NEW IKT	IKT	220,000	$446.6k0.42%	0.42%	Unchanged
65	ADICET BIO INC COM NEW ACET	ACET	50,892	$439.7k0.41%	0.41%	Reduced -5.1k	-5,108 -9.1%
66	ONKURE THERAPEUTICS INC COM CL A OKUR	OKUR	95,000	$433.2k0.40%	0.40%	Unchanged
67	OAKTREE ACQUISITION CORP III SHS CL A OACC	OACC	40,239	$430.6k0.40%	0.40%	Reduced -20.9k	-20,949 -34.2%
68	GLOBA TERRA ACQUISITION COR UNIT 99/99/9999 GTERU	GTERU	40,361	$421.6k0.39%	0.39%	Unchanged
69	FULCRUM THERAPEUTICS INC COM FULC	FULC	114,890	$420.5k0.39%	0.39%	New
70	NEW AMER ACQUISITION I CORP UNIT 99/99/9999 NWAX.U	NWAX.U	40,000	$414.0k0.39%	0.39%	Unchanged
71	CORBUS PHARMACEUTICALS HLDGS COM NEW CRBP	CRBP	44,000	$412.7k0.38%	0.38%	Reduced -840	-840 -1.9%
72	ARQ INC COM ARQ	ARQ	157,000	$400.4k0.37%	0.37%	New
73	LSB INDS INC COM LXU	LXU	35,000	$378.4k0.35%	0.35%	New
74	AMERICAN AXLE & MFG HLDGS IN COM DCH	DCH	68,000	$368.6k0.34%	0.34%	New
75	SEER INC COM CL A SEER	SEER	222,000	$368.5k0.34%	0.34%	Added +37.7k	+37,698 20.4%
76	PERSHING SQUARE INC COMMON STOCK PS	PS	11,000	$361.5k0.34%	0.34%	New
77	STRATUS PPTYS INC COM NEW STRS	STRS	12,546	$360.7k0.34%	0.34%	Unchanged
78	ABEONA THERAPEUTICS INC COM NEW ABEO	ABEO	58,100	$359.1k0.33%	0.33%	Reduced -1.9k	-1,900 -3.2%
79	BRAEMAR HOTELS & RESORTS INC COM BHR	BHR	162,567	$351.1k0.33%	0.33%	Reduced -59.4k	-59,433 -26.8%
80	FIFTH ERA ACQUISITION CORP I ORD SHS CL A FERA	FERA	33,458	$348.6k0.32%	0.32%	Added +2.5k	+2,468 8.0%
81	PROFRAC HLDG CORP CLASS A COM ACDC	ACDC	59,578	$346.1k0.32%	0.32%	New
82	DRUGS MADE IN AMER ACQ II CO UNIT 09/16/2030 DMIIU	DMIIU	32,551	$330.7k0.31%	0.31%	Reduced -23.1k	-23,061 -41.5%
83	PRIORITY TECHNOLOGY HLDGS IN COM PRTH	PRTH	49,000	$326.8k0.30%	0.30%	Reduced -10.0k	-10,000 -16.9%
84	EGH ACQUISITION CORP. SHS CL A EGHA	EGHA	31,474	$323.9k0.30%	0.30%	New
85	D BORAL ACQUISITION I CORP ORD SHS CL A DBCA	DBCA	32,193	$321.0k0.30%	0.30%	New
86	XEROX HOLDINGS CORP *W EXP 02/11/202 XRXDW	XRXDW	100,000	$313.0k0.29%	0.29%	New
87	RENATUS TACTICAL ACQUIS SHS CL A RTAC	RTAC	29,659	$310.8k0.29%	0.29%	Reduced -6.1k	-6,123 -17.1%
88	NORTHFIELD BANCORP INC DEL COM COM		21,000	$309.3k0.29%	0.29%	New
89	ENVIRI CORP COM NVRI	NVRI	14,000	$307.3k0.29%	0.29%	New
90	TRILOGY METALS INC NEW COM TMQ	TMQ	87,000	$305.4k0.28%	0.28%	Unchanged
91	OTG ACQUISITION CORP. I UNIT 09/05/2030 OTGAU	OTGAU	27,520	$284.0k0.26%	0.26%	Reduced -23.3k	-23,285 -45.8%
92	4D MOLECULAR THERAPEUTICS IN COM FDMT	FDMT	20,965	$278.8k0.26%	0.26%	Reduced -10.5k	-10,500 -33.4%
93	LISATA THERAPEUTICS INC COM LSTA	LSTA	81,000	$275.4k0.26%	0.26%	Added +6.0k	+6,000 8.0%
94	WEAVE COMMUNICATIONS INC COM WEAV	WEAV	45,700	$273.7k0.25%	0.25%	New
95	EXELIXIS INC COM EXEL	EXEL	5,000	$272.1k0.25%	0.25%	Unchanged
96	CSLM DIGITA ASSET ACQ CORP I UNIT 08/12/2030 KOYNU	KOYNU	26,092	$268.7k0.25%	0.25%	Reduced -22.9k	-22,852 -46.7%
97	AMERICAS CAR-MART INC COM CRMT	CRMT	94,500	$263.7k0.25%	0.25%	New
98	PAPA JOHNS INTL INC COM PZZA	PZZA	7,000	$257.4k0.24%	0.24%	New
99	PLIANT THERAPEUTICS INC COM PLRX	PLRX	225,000	$256.5k0.24%	0.24%	Unchanged
100	DYNAMIX CORP SHS CL A DYNC	DYNC	23,449	$253.0k0.24%	0.24%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
LEGGETT & PLATT INC LEG	LEG	213,000	$2.1m213.0k shares
ICON PLC ICLR	ICLR	17,700	$2.0m17.7k shares
KEZAR LIFE SCIENCES INC KZR	KZR	243,073	$1.8m243.1k shares
MISTER CAR WASH INC		220,500	$1.5m220.5k shares
ELME COMMUNITIES ELME	ELME	658,000	$1.3m658.0k shares
SWK HLDGS CORP		63,000	$1.1m63.0k shares
KENNEDY-WILSON HOLDINGS INC KW	KW	97,000	$1.0m97.0k shares
HOLOGIC INC HOLX	HOLX	13,000	$982.7k13.0k shares
HILTON GRAND VACATIONS INC HGV	HGV	25,000	$978.0k25.0k shares
SELECT MED HLDGS CORP SEM	SEM	50,000	$814.5k50.0k shares
CLEARWATER ANALYTICS HLDGS I		28,000	$662.2k28.0k shares
ENVIRI CORP		28,000	$549.4k28.0k shares
MONTE ROSA THERAPEUTICS INC GLUE	GLUE	27,016	$444.4k27.0k shares
LENSAR INC LNSR	LNSR	63,000	$375.5k63.0k shares
APARTMENT INVT & MGMT CO AIV	AIV	90,000	$366.3k90.0k shares
CENTESSA PHARMACEUTICALS PLC		9,000	$357.5k9.0k shares
SMART SH GLOBAL LTD EM	EM	307,000	$346.9k307.0k shares
WW INTL INC WW	WW	16,000	$219.8k16.0k shares
MOUNTAIN LAKE ACQUISITION CO		15,000	$158.0k15.0k shares
SPARK I ACQUISITION CORP SPKLF	SPKLF	10,813	$122.3k10.8k shares
PRESIDIO PRODTN CO FTW	FTW	100,000	$85.1k100.0k shares
MACROGENICS INC MGNX	MGNX	21,500	$62.1k21.5k shares
BURFORD CAP LTD BUR	BUR	11,569	$52.3k11.6k shares
STANDARD BIOTOOLS INC LAB	LAB	50,000	$46.0k50.0k shares
CLEAR CHANNEL OUTDOOR HLDGS CCO	CCO	18,600	$44.1k18.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
META PLATFORMS INC META · Call	META	Call	1,000	$563.3k1.0k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Call	IBIT	Call	15,800	$526.0k15.8k shares	New
MICROSOFT CORP MSFT · Call	MSFT	Call	1,000	$373.0k1.0k shares	New
FORWARD AIR CORP FWRD · Call	FWRD	Call	20,100	$271.6k20.1k shares	Unchanged
RAPID7 INC RPD · Call	RPD	Call	18,700	$151.5k18.7k shares	New
DOMO INC HUCK · Call	HUCK	Call	14,200	$44.4k14.2k shares	New
PROFRAC HLDG CORP ACDC · Call	ACDC	Call	2,000	$11.6k2.0k shares	New