Rangeley Capital, LLC

Q4 2025 13F-HR Holdings

Location
New Canaan, CT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
123
Total value ($000)
$120,412
Net value change ($000)
+4,841 (4.2%)
New positions
44
Sold out positions
51
Turnover %
61.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
WBD 6,225 NEW
GDEN 5,707 NEW
RNAM 3,895 NEW
KW 3,307 NEW
GRND 2,870 NEW
PLYM 2,494 NEW
RPTX 2,211 194.5%
CWAN 1,930 NEW
MRSN 1,652 NEW
AVDL 1,637 NEW
Top Reduces (Value $000, Stocks/ETFs)
WOW -4,892 -100.0%
DK -3,623 -54.5%
SGRY -2,683 -100.0%
KROS -2,120 -51.8%
NRP -1,271 -100.0%
ARVN -1,231 -20.8%
LQDA -1,160 -100.0%
CCOI -1,139 -100.0%
UAN -1,126 -100.0%
CDZI -1,039 -42.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 4,301 (3.6% 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