# EDGAR Filing Document

**Accession Number:** 0001517796
**File Stem:** 0000919574-25-004826
**Filing Date:** 2025-8
**Character Count:** 11321
**Document Hash:** 81022abf189c3c9316b3d9589ef5339a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-004826.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000919574-25-004826

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rangeley Capital, LLC
- **CENTRAL INDEX KEY:** 0001517796

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24993
- **FILM NUMBER:** 251216492

**BUSINESS ADDRESS:**
- **STREET 1:** 3 FOREST STREET
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840
- **BUSINESS PHONE:** 203-801-9970

**MAIL ADDRESS:**
- **STREET 1:** 3 FOREST STREET
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Rangeley Capital LLC<br>**Address:** 3 Forest Street<br>New Canaan, CT 06840

**Form 13F File Number:** 028-24993

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Robert Sterner<br>**Title:** Chief Operating Officer<br>**Phone:** 203-801-9978

**Signature, Place, and Date of Signing:**

/s/ Robert Sterner  New Canaan, CT  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 77

**Form 13F Information Table Value Total:** $83809642

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 4D MOLECULAR THERAPEUTICS IN | COM | 35104E100 |  | 48230 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| AKOYA BIOSCIENCES INC | COM | 00974H104 |  | 42946 | 33035 | SH |  | SOLE |  | 33035 | 0 | 0 |
| AMPLIFY ENERGY CORP NEW | COM | 03212B103 |  | 896000 | 280000 | SH |  | SOLE |  | 280000 | 0 | 0 |
| AN2 THERAPEUTICS INC | COM | 037326105 |  | 68900 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| ARBUTUS BIOPHARMA CORP | COM | 03879J100 |  | 2672850 | 865000 | SH |  | SOLE |  | 865000 | 0 | 0 |
| ARES ACQUISITION CORP II | SHS CLASS A | G33033104 |  | 135054 | 11920 | SH |  | SOLE |  | 11920 | 0 | 0 |
| ARVINAS INC | COM | 04335A105 |  | 5113728 | 694800 | SH |  | SOLE |  | 694800 | 0 | 0 |
| ATEA PHARMACEUTICALS INC | COM | 04683R106 |  | 190800 | 53000 | SH |  | SOLE |  | 53000 | 0 | 0 |
| BICYCLE THERAPEUTICS PLC | SPONSORED ADS | 088786108 |  | 521250 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| BLUEPRINT MEDICINES CORP | COM | 09627Y109 |  | 640900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 86360 | 2000 | SH | Call | SOLE |  | 2000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 129540 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 727260 | 51000 | SH |  | SOLE |  | 51000 | 0 | 0 |
| CABALETTA BIO INC | COM | 12674W109 |  | 24320 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| CADIZ INC | COM NEW | 127537207 |  | 1402310 | 469000 | SH |  | SOLE |  | 469000 | 0 | 0 |
| CALUMET INC | COM | 131428104 |  | 5025846 | 319000 | SH |  | SOLE |  | 319000 | 0 | 0 |
| CARGO THERAPEUTICS INC | COM | 14179K101 |  | 172426 | 41851 | SH |  | SOLE |  | 41851 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 1635240 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 1635240 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 408810 | 1000 | SH | Call | SOLE |  | 1000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 2495634 | 146200 | SH |  | SOLE |  | 146200 | 0 | 0 |
| CVR PARTNERS LP | COM | 126633205 |  | 1332600 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| D MARKET ELECTR SVCS  TRADI | SPONSORED ADS | 23292B104 |  | 540000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 6629340 | 313000 | SH |  | SOLE |  | 313000 | 0 | 0 |
| ELEVATION ONCOLOGY INC | COM | 28623U101 |  | 332332 | 905289 | SH |  | SOLE |  | 905289 | 0 | 0 |
| ESSA PHARMA INC | COM NEW | 29668H708 |  | 289000 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 3229679 | 882426 | SH |  | SOLE |  | 882426 | 0 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 1275020 | 74000 | SH |  | SOLE |  | 74000 | 0 | 0 |
| GSR III ACQUISITION CORP | CL A | G4R103107 |  | 118690 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| HILLEVAX INC | COM | 43157M102 |  | 306042 | 153790 | SH |  | SOLE |  | 153790 | 0 | 0 |
| INTERNATIONAL GAME TECHNOLOG | SHS USD | G4863A108 |  | 63272 | 4002 | SH |  | SOLE |  | 4002 | 0 | 0 |
| INTERNATIONAL GAME TECHNOLOG | SHS USD | G4863A108 |  | 205498 | 12998 | SH |  | SOLE |  | 12998 | 0 | 0 |
| ITEOS THERAPEUTICS INC | COM | 46565G104 |  | 3011738 | 302080 | SH |  | SOLE |  | 302080 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 238590 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| KEROS THERAPEUTICS INC | COM | 492327101 |  | 3810090 | 285400 | SH |  | SOLE |  | 285400 | 0 | 0 |
| KURA ONCOLOGY INC | COM | 50127T109 |  | 669320 | 116000 | SH |  | SOLE |  | 116000 | 0 | 0 |
| LAVA THERAPEUTICS NV | SHS | N51517105 |  | 35736 | 27073 | SH |  | SOLE |  | 27073 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 658500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| MACROGENICS INC | COM | 556099109 |  | 32670 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| MEI PHARMA INC | COM | 55279B301 |  | 24700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | RIGHT 11/15/2028 | G6301B127 |  | 307800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| MURAL ONCOLOGY PUB LTD CO | ORD SHS | G63365103 |  | 114887 | 46513 | SH |  | SOLE |  | 46513 | 0 | 0 |
| NATURAL RESOURCE PARTNERS L | COM UNIT LTD PAR | 63900P608 |  | 1155671 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 215787 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| NET LEASE OFFICE PROPERTIES | COM | 64110Y108 |  | 2278500 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| NOVABAY PHARMACEUTICALS INC | COM NEW | 66987P409 |  | 19262 | 33210 | SH |  | SOLE |  | 33210 | 0 | 0 |
| NUVATION BIO INC | COM CL A | 67080N101 |  | 25350 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| ONKURE THERAPEUTICS INC | COM CL A | 68277Q105 |  | 71466 | 29902 | SH |  | SOLE |  | 29902 | 0 | 0 |
| PEPGEN INC | COM | 713317105 |  | 38850 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| PERCEPTIVE CAP SOLUTIONS COR | CL A ORD SHS | G70077105 |  | 212400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PLIANT THERAPEUTICS INC | COM | 729139105 |  | 69855 | 60220 | SH |  | SOLE |  | 60220 | 0 | 0 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 4342278 | 715367 | SH |  | SOLE |  | 715367 | 0 | 0 |
| REPARE THERAPEUTICS INC | COM | 760273102 |  | 493856 | 355292 | SH |  | SOLE |  | 355292 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 549500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SAGE THERAPEUTICS INC | COM | 78667J108 |  | 6657600 | 730000 | SH |  | SOLE |  | 730000 | 0 | 0 |
| SEAPORT ENTMT GROUP INC | COMMON STOCK | 812215200 |  | 2946700 | 158000 | SH |  | SOLE |  | 158000 | 0 | 0 |
| SEER INC | COM CL A | 81578P106 |  | 21400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SEPTERNA INC | COM | 81734D104 |  | 619455 | 58605 | SH |  | SOLE |  | 58605 | 0 | 0 |
| SILVERBOX CORP IV | SHS CL A | G81354105 |  | 109600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SITE CTRS CORP | COM | 82981J851 |  | 452411 | 40001 | SH |  | SOLE |  | 40001 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 2271600 | 36000 | SH |  | SOLE |  | 36000 | 0 | 0 |
| SOHO HOUSE  CO INC | COM CL A | 586001109 |  | 202860 | 27600 | SH |  | SOLE |  | 27600 | 0 | 0 |
| STAR HLDGS | SHS BEN INT | 85512G106 |  | 1343320 | 172000 | SH |  | SOLE |  | 172000 | 0 | 0 |
| SURGERY PARTNERS INC | COM | 86881A100 |  | 3691514 | 166060 | SH |  | SOLE |  | 166060 | 0 | 0 |
| SWK HLDGS CORP | COM NEW | 78501P203 |  | 604340 | 41000 | SH |  | SOLE |  | 41000 | 0 | 0 |
| SYNLOGIC INC | COM NEW | 87166L209 |  | 17268 | 13597 | SH |  | SOLE |  | 13597 | 0 | 0 |
| THERATECHNOLOGIES INC | COM NEW | 88338H704 |  | 118000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| THERAVANCE BIOPHARMA INC | COM | G8807B106 |  | 372031 | 33729 | SH |  | SOLE |  | 33729 | 0 | 0 |
| THIRD HARMONIC BIO INC | COM | 88427A107 |  | 1574700 | 290000 | SH |  | SOLE |  | 290000 | 0 | 0 |
| TRILOGY METALS INC NEW | COM | 89621C105 |  | 117450 | 87000 | SH |  | SOLE |  | 87000 | 0 | 0 |
| VERVE THERAPEUTICS INC | COM | 92539P101 |  | 696260 | 62000 | SH |  | SOLE |  | 62000 | 0 | 0 |
| VIGIL NEUROSCIENCE INC | COM | 92673K108 |  | 539010 | 67800 | SH |  | SOLE |  | 67800 | 0 | 0 |
| VIVID SEATS INC | COM CL A | 92854T100 |  | 42250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 1170960 | 102000 | SH |  | SOLE |  | 102000 | 0 | 0 |
| WIDEOPENWEST INC | COM | 96758W101 |  | 203000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| WIDEOPENWEST INC | COM | 96758W101 |  | 3243940 | 799000 | SH |  | SOLE |  | 799000 | 0 | 0 |
| ZURA BIO LTD | CLASS A ORD SHS | G9TY5A101 |  | 22050 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |

---