13F HOLDINGS REPORT
Rangeley Capital, LLC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000919574-26-001155
Total Value
$120.4M
Positions
123
Other Managers
0
Confidential Omitted
No
Holdings (123)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | WARNER BROS DISCOVERY INC | WBD | 216,000 | $6.2M | 5.17% |
| 2 | GOLDEN ENTMT INC | NVGLF | 209,881 | $5.7M | 4.74% |
| 3 | CALUMET INC | CLMT | 259,300 | $5.2M | 4.28% |
| 4 | PROTHENA CORP PLC | PRTA | 524,600 | $5.0M | 4.16% |
| 5 | YEXT INC | YEXT | 585,360 | $4.7M | 3.92% |
| 6 | ARVINAS INC | ARVN | 395,800 | $4.7M | 3.90% |
| 7 | ARBUTUS BIOPHARMA CORP | ABUS | 840,000 | $4.0M | 3.36% |
| 8 | AVIDITY BIOSCIENCES INC | 05370A108 | 54,000 | $3.9M | 3.23% |
| 9 | REPARE THERAPEUTICS INC | 760273102 | 1,287,829 | $3.3M | 2.78% |
| 10 | KENNEDY-WILSON HOLDINGS INC | KW | 342,000 | $3.3M | 2.75% |
| 11 | SEAPORT ENTMT GROUP INC | SE | 153,517 | $3.0M | 2.52% |
| 12 | DELEK US HLDGS INC NEW | DK | 102,000 | $3.0M | 2.51% |
| 13 | BERTO ACQUISITION CORP | TACOW | 289,514 | $2.9M | 2.44% |
| 14 | GRINDR INC | GRND | 212,000 | $2.9M | 2.38% |
| 15 | ECHOSTAR CORP | SATS | 24,000 | $2.6M | 2.17% |
| 16 | PLYMOUTH INDL REIT INC | 729640102 | 114,000 | $2.5M | 2.07% |
| 17 | FULL HSE RESORTS INC | 359678109 | 896,000 | $2.3M | 1.94% |
| 18 | KEROS THERAPEUTICS INC | KROS | 96,800 | $2.0M | 1.64% |
| 19 | CLEARWATER ANALYTICS HLDGS I | CWAN | 80,000 | $1.9M | 1.60% |
| 20 | FORWARD AIR CORP | FWRD | 76,000 | $1.9M | 1.58% |
| 21 | SEPTERNA INC | SEPN | 65,800 | $1.8M | 1.52% |
| 22 | NET LEASE OFFICE PROPERTIES | NLOP | 68,480 | $1.8M | 1.47% |
| 23 | WARNER BROS DISCOVERY INC | WBD | 58,600 | $1.7M | 1.40% |
| 24 | MERSANA THERAPEUTICS INC | 59045L205 | 57,098 | $1.7M | 1.37% |
| 25 | AVADEL PHARMACEUTICALS PLC | G29687103 | 75,953 | $1.6M | 1.36% |
| 26 | BRIGHTHOUSE FINL INC | 10922N103 | 25,000 | $1.6M | 1.35% |
| 27 | STAR HLDGS | STHO | 187,100 | $1.5M | 1.28% |
| 28 | LEGGETT & PLATT INC | LEG | 135,930 | $1.5M | 1.24% |
| 29 | CORE SCIENTIFIC INC NEW | 21874A114 | 96,400 | $1.4M | 1.17% |
| 30 | CADIZ INC | CDZIP | 249,000 | $1.4M | 1.16% |
| 31 | ISHARES TR | 464287655 | 5,000 | $1.2M | 1.02% |
| 32 | SELECT MED HLDGS CORP | 81619Q105 | 81,072 | $1.2M | 1.00% |
| 33 | ODYSSEY MARINE EXPL INC | OMEX | 608,749 | $1.2M | 0.99% |
| 34 | STURM RUGER & CO INC | RGR | 35,107 | $1.1M | 0.95% |
| 35 | SWK HLDGS CORP | SWKHL | 63,000 | $1.1M | 0.90% |
| 36 | KURA ONCOLOGY INC | KURA | 102,900 | $1.1M | 0.89% |
| 37 | MONTE ROSA THERAPEUTICS INC | GLUE | 67,500 | $1.1M | 0.88% |
| 38 | TEGNA INC | 87901J105 | 53,000 | $1.0M | 0.85% |
| 39 | BICYCLE THERAPEUTICS PLC | BCYC | 132,000 | $934,560 | 0.78% |
| 40 | ZIM INTEGRATED SHIPPING SERV | ZIM | 41,052 | $871,534 | 0.72% |
| 41 | PLANET LABS PBC | PL-WT | 40,000 | $788,800 | 0.66% |
| 42 | LENSAR INC | LNSR | 59,000 | $686,170 | 0.57% |
| 43 | HILTON GRAND VACATIONS INC | HGV | 15,000 | $671,250 | 0.56% |
| 44 | WEN ACQUISITION CORP | WENNW | 62,530 | $631,553 | 0.52% |
| 45 | GENERATION BIO CO | 37148K209 | 98,280 | $558,230 | 0.46% |
| 46 | SMART SH GLOBAL LTD | 83193E102 | 476,600 | $557,622 | 0.46% |
| 47 | FORWARD AIR CORP | FWRD | 22,300 | $557,500 | 0.46% |
| 48 | KORE GROUP HLDGS INC | KORGW | 131,347 | $554,284 | 0.46% |
| 49 | KEZAR LIFE SCIENCES INC | KZR | 85,926 | $540,475 | 0.45% |
| 50 | ABIVAX SA | AAVXF | 4,000 | $539,420 | 0.45% |
| 51 | BURFORD CAP LTD | BUR | 58,000 | $517,360 | 0.43% |
| 52 | GENERAL PURP ACQUISITION COR | G3810N122 | 50,000 | $500,500 | 0.42% |
| 53 | D MARKET ELECTR SVCS & TRADI | 23292B104 | 200,000 | $496,000 | 0.41% |
| 54 | PROCAP ACQUISITION CORP | PCAPW | 47,304 | $479,190 | 0.40% |
| 55 | FONAR CORP | FONR | 25,113 | $466,097 | 0.39% |
| 56 | ROMAN DBDR ACQUISITION CORP | DRDBW | 43,200 | $450,576 | 0.37% |
| 57 | TREEHOUSE FOODS INC | 89469A104 | 18,530 | $437,123 | 0.36% |
| 58 | OAKTREE ACQUISITION CORP III | OACCW | 40,032 | $423,539 | 0.35% |
| 59 | ONKURE THERAPEUTICS INC | OKUR | 145,000 | $420,500 | 0.35% |
| 60 | GLOBA TERRA ACQUISITION COR | GTERW | 40,361 | $414,911 | 0.34% |
| 61 | NEW AMER ACQUISITION I CORP | 023634207 | 40,000 | $414,000 | 0.34% |
| 62 | BRIDGEBIO PHARMA INC | BBIO | 5,000 | $382,450 | 0.32% |
| 63 | TRILOGY METALS INC NEW | TMQ | 87,000 | $374,970 | 0.31% |
| 64 | JANUX THERAPEUTICS INC | JANX | 25,414 | $350,713 | 0.29% |
| 65 | WW INTL INC | 98262P200 | 12,000 | $350,580 | 0.29% |
| 66 | D. BORAL ARC ACQ I CORP. | G2616F127 | 33,780 | $344,556 | 0.29% |
| 67 | FIFTH ERA ACQUISITION CORP I | FERAU | 33,458 | $344,283 | 0.29% |
| 68 | PRIORITY TECHNOLOGY HLDGS IN | PRTHU | 61,000 | $332,450 | 0.28% |
| 69 | NEBIUS GROUP N.V. | NBIS | 3,900 | $326,450 | 0.27% |
| 70 | DRUGS MADE IN AMER ACQ II CO | G2851K120 | 32,551 | $325,998 | 0.27% |
| 71 | ABEONA THERAPEUTICS INC | ABEO | 57,600 | $303,552 | 0.25% |
| 72 | 4D MOLECULAR THERAPEUTICS IN | FDMT | 38,665 | $289,988 | 0.24% |
| 73 | ATEA PHARMACEUTICALS INC | AVIR | 80,000 | $285,600 | 0.24% |
| 74 | OTG ACQUISITION CORP. I | OTGAW | 27,520 | $280,429 | 0.23% |
| 75 | BRIGHTHOUSE FINL INC | 10922N103 | 4,300 | $278,597 | 0.23% |
| 76 | PLIANT THERAPEUTICS INC | PLRX | 225,000 | $274,500 | 0.23% |
| 77 | CSLM DIGITA ASSET ACQ CORP I | CMXHF | 26,092 | $264,051 | 0.22% |
| 78 | ENTRAVISION COMMUNICATIONS C | EVC | 90,000 | $263,700 | 0.22% |
| 79 | BRAEMAR HOTELS & RESORTS INC | BHR-PD | 17,245 | $255,398 | 0.21% |
| 80 | USA TODAY CO INC | TDAY | 47,300 | $243,595 | 0.20% |
| 81 | PETMED EXPRESS INC | PETS | 75,000 | $240,000 | 0.20% |
| 82 | PEPGEN INC | PEPG | 36,200 | $235,662 | 0.20% |
| 83 | PIONEER ACQUISITION I CORP | PACHW | 22,145 | $226,322 | 0.19% |
| 84 | EXELIXIS INC | EXEL | 5,000 | $219,150 | 0.18% |
| 85 | COHEN CIRCLE ACQUISIT CORP I | COHN | 20,809 | $212,876 | 0.18% |
| 86 | BRAEMAR HOTELS & RESORTS INC | BHR-PD | 73,895 | $212,079 | 0.18% |
| 87 | DIGITALBRIDGE GROUP INC | DBRG-PJ | 13,800 | $211,692 | 0.18% |
| 88 | ADICET BIO INC | ACET | 25,001 | $210,508 | 0.17% |
| 89 | REPUBLIC DIGITAL ACQUISITION | RDAGW | 20,188 | $204,404 | 0.17% |
| 90 | UNIQURE NV | QURE | 8,500 | $203,405 | 0.17% |
| 91 | HIGHVIEW MERGER CORP | HVMCW | 20,000 | $202,600 | 0.17% |
| 92 | ENVIRI CORP | NVRI | 10,667 | $191,153 | 0.16% |
| 93 | REZOLUTE INC | RZLT | 78,200 | $184,552 | 0.15% |
| 94 | EMMIS ACQUISITION CORP. | EMISR | 18,107 | $180,165 | 0.15% |
| 95 | SABLE OFFSHORE CORP | SOC | 19,000 | $171,380 | 0.14% |
| 96 | INTERNATIONAL MNY EXPRESS IN | INTR | 10,000 | $153,600 | 0.13% |
| 97 | MEREO BIOPHARMA GROUP PLC | MREO | 364,000 | $151,679 | 0.13% |
| 98 | CORE SCIENTIFIC INC NEW | 21874A106 | 10,000 | $145,600 | 0.12% |
| 99 | PLYMOUTH INDL REIT INC | 729640102 | 6,500 | $142,220 | 0.12% |
| 100 | HCM III ACQUISITION CORP | HCMAW | 14,046 | $141,022 | 0.12% |
| 101 | IMAGENEBIO INC | IMA | 18,244 | $125,884 | 0.10% |
| 102 | CEMENTOS PACASMAYO S A A | 15126Q208 | 12,000 | $125,040 | 0.10% |
| 103 | SPARK I ACQUISITION CORP | SPKLW | 10,813 | $123,593 | 0.10% |
| 104 | TASKUS INC | TASK | 10,000 | $117,900 | 0.10% |
| 105 | PERIMETER ACQUISITION CORP I | PMTRW | 10,000 | $102,800 | 0.09% |
| 106 | YORKVILLE ACQUISITION CORP. | MCGAW | 10,000 | $102,600 | 0.09% |
| 107 | REAL ASSET ACQUISITION CORP | RAAQW | 10,000 | $102,200 | 0.08% |
| 108 | SITE CTRS CORP | 82981J851 | 14,000 | $89,880 | 0.07% |
| 109 | SOHO HOUSE & CO INC | 586001109 | 10,000 | $89,600 | 0.07% |
| 110 | AN2 THERAPEUTICS INC | ANTX | 65,000 | $74,100 | 0.06% |
| 111 | NKARTA INC | NKTX | 32,078 | $59,344 | 0.05% |
| 112 | BARINTHUS BIOTHERAPEUTICS PL | BRNS | 84,441 | $59,117 | 0.05% |
| 113 | VYNE THERAPEUTICS INC | VYNE | 100,000 | $58,010 | 0.05% |
| 114 | PMV PHARMACEUTICALS INC | PMVP | 45,500 | $56,875 | 0.05% |
| 115 | ANEBULO PHARMACEUTICALS INC | ANEB | 50,000 | $50,500 | 0.04% |
| 116 | MACROGENICS INC | MGNX | 30,220 | $48,654 | 0.04% |
| 117 | SEER INC | SEER | 20,000 | $36,600 | 0.03% |
| 118 | ALT5 SIGMA CORP | ALTS | 29,000 | $31,900 | 0.03% |
| 119 | RALLYBIO CORP | RLYB | 40,000 | $27,444 | 0.02% |
| 120 | EMMIS ACQUISITION CORP. | EMISR | 18,107 | $18,053 | 0.01% |
| 121 | ENVIRI CORP | NVRI | 1,000 | $17,920 | 0.01% |
| 122 | MOUNTAIN LAKE ACQUISITION CO | MLACU | 15,000 | $15,600 | 0.01% |
| 123 | PLYMOUTH INDL REIT INC | 729640102 | 100 | $2,188 | 0.00% |