Rangeley Capital, LLC

Q3 2025 13F-HR Holdings

Location
New Canaan, CT
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
127
Total value ($000)
$115,571
Net value change ($000)
+31,761 (37.9%)
New positions
73
Sold out positions
22
Turnover %
50.3%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
YEXT 4,643 NEW
TACO 3,297 NEW
SATS 1,756 NEW
WOW 1,648 50.8%
LQDA 1,160 NEW
ABUS 1,141 42.7%
CCOI 1,139 NEW
PRTA 1,128 26.0%
SEPN 1,036 167.4%
CDZI 1,034 73.8%
Top Reduces (Value $000, Stocks/ETFs)
Sage Therapeutics, Inc. -6,658 -100.0%
iTeos Therapeutics, Inc. -3,012 -100.0%
SKAA -2,272 -100.0%
Third Harmonic Bio, Inc. -1,575 -100.0%
WBA -1,171 -100.0%
SGRY -1,009 -27.3%
AMPY -843 -94.1%
Verve Therapeutics, Inc. -696 -100.0%
BPMC -641 -100.0%
Vigil Neuroscience, Inc. -539 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 9,051 (7.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type