# EDGAR Filing Document

**Accession Number:** 0001517796
**File Stem:** 0001892688-26-000089
**Filing Date:** 2026-5
**Character Count:** 17645
**Document Hash:** c1bc4cefaa28000799535dab12d6f32d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001892688-26-000089.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001892688-26-000089

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**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:** 26989688

**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:** 03-31-2026

**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

**CRD Number (if applicable):** 000152725

**SEC File Number (if applicable):** 801-130770

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:**

Robert Sterner  NEW CANAAN, CT  05-15-2026<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:** 138

**Form 13F Information Table Value Total:** $102920856

      (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 |
| ABIVAX SA | SPONSORED ADS | 00370M103 |  | 445400 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| 4D MOLECULAR THERAPEUTICS IN | COM | 35104E100 |  | 292939 | 31465 | SH |  | SOLE |  | 31465 | 0 | 0 |
| ABEONA THERAPEUTICS INC | COM NEW | 00289Y206 |  | 268800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ACUMEN PHARMACEUTICALS INC | COM | 00509G209 |  | 82600 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| INVIVYD INC | COM | 00534A102 |  | 58500 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| ADICET BIO INC | COM NEW | 007002207 |  | 381360 | 56000 | SH |  | SOLE |  | 56000 | 0 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 28823 | 49464 | SH |  | SOLE |  | 49464 | 0 | 0 |
| ALT5 SIGMA CORP | COM | 47089W104 |  | 28860 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| APARTMENT INVT  MGMT CO | CL A | 03748R747 |  | 366300 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| ARBUTUS BIOPHARMA CORP | COM | 03879J100 |  | 2250000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ARVINAS INC | COM | 04335A105 |  | 2374294 | 223990 | SH |  | SOLE |  | 223990 | 0 | 0 |
| ATEA PHARMACEUTICALS INC | COM | 04683R106 |  | 250170 | 46500 | SH |  | SOLE |  | 46500 | 0 | 0 |
| BARINTHUS BIOTHERAPEUTICS PL | ADS | 91864C107 |  | 90736 | 159465 | SH |  | SOLE |  | 159465 | 0 | 0 |
| BERTO ACQUISITION CORP | *W EXP 05/01/203 | G1051H119 |  | 158875 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| BICYCLE THERAPEUTICS PLC | SPONSORED ADS | 088786108 |  | 1077686 | 232260 | SH |  | SOLE |  | 232260 | 0 | 0 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 523920 | 222000 | SH |  | SOLE |  | 222000 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 1497000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| BURFORD CAPITAL LIMITED | ORD SHS | G17977110 |  | 52292 | 11569 | SH |  | SOLE |  | 11569 | 0 | 0 |
| CADIZ INC | COM NEW | 127537207 |  | 245500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CALUMET INC | COM | 131428104 |  | 1902700 | 53000 | SH |  | SOLE |  | 53000 | 0 | 0 |
| CEMENTOS PACASMAYO S A A | SPONSORED ADR | 15126Q208 |  | 112210 | 11221 | SH |  | SOLE |  | 11221 | 0 | 0 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | 152309100 |  | 357480 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 44082 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 662200 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| COHEN CIRCLE ACQUISIT CORP I | SHS CL A | G2254C121 |  | 102300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CORBUS PHARMACEUTICALS HLDGS | COM NEW | 21833P301 |  | 421048 | 44840 | SH |  | SOLE |  | 44840 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 237728 | 27200 | SH |  | SOLE |  | 27200 | 0 | 0 |
| CSLM DIGITA ASSET ACQ CORP I | UNIT 08/12/2030 | G2584S135 |  | 265356 | 48944 | SH |  | SOLE |  | 48944 | 0 | 0 |
| D. BORAL ARC ACQ I CORP. | UNIT 07/23/2030 | G2616F127 |  | 274887 | 72430 | SH |  | SOLE |  | 72430 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 2704200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 154200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| DINGDONG CAYMAN LTD | ADS | 25445D101 |  | 128500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| DISTRIBUTION SOLUTIONS GRP I | COM | 520776105 |  | 442328 | 16857 | SH |  | SOLE |  | 16857 | 0 | 0 |
| D MARKET ELECTR SVCS  TRADI | SPONSORED ADS | 23292B104 |  | 524000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| DOMO INC | COM CL B | 257554105 |  | 79560 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| DRIVEN BRANDS HLDGS INC | COM | 26210V102 |  | 7887555 | 625500 | SH |  | SOLE |  | 625500 | 0 | 0 |
| DRUGS MADE IN AMER ACQ II CO | UNIT 09/16/2030 | G2851K120 |  | 326812 | 55612 | SH |  | SOLE |  | 55612 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 2107260 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 203870 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| EMMIS ACQUISITION CORP. | SHS CL A | G3037D105 |  | 181975 | 18107 | SH |  | SOLE |  | 18107 | 0 | 0 |
| ENTRAVISION COMMUNICATIONS C | CL A | 29382R107 |  | 297000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ENVIRI CORP | COM | 415864107 |  | 549360 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 214450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | ORD SHS CL A | G3415K101 |  | 319197 | 30990 | SH |  | SOLE |  | 30990 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 172200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| FORWARD AIR CORP | COM | 34986A104 |  | 1420350 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| FORWARD AIR CORP | COM | 34986A104 |  | 335871 | 20100 | SH | Call | SOLE |  | 20100 | 0 | 0 |
| FACT II ACQUISITION CORP | ORD SHS CL A | G32901103 |  | 162855 | 15510 | SH |  | SOLE |  | 15510 | 0 | 0 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 2060051 | 915578 | SH |  | SOLE |  | 915578 | 0 | 0 |
| FUTURECREST ACQUISITION CORP | CL A ORD SHS | G3730U107 |  | 221903 | 40703 | SH |  | SOLE |  | 40703 | 0 | 0 |
| GENERAL PURP ACQUISITION COR | UNIT 12/03/2030 | G3810N122 |  | 500500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| GLOBA TERRA ACQUISITION COR | UNIT 99/99/9999 | G3933N108 |  | 420360 | 40361 | SH |  | SOLE |  | 40361 | 0 | 0 |
| GREAT ELM CAP CORP | COM NEW | 390320703 |  | 50100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 |  | 1825853 | 162732 | SH |  | SOLE |  | 162732 | 0 | 0 |
| GRINDR INC | COM | 39854F101 |  | 2829060 | 234000 | SH |  | SOLE |  | 234000 | 0 | 0 |
| GROCERY OUTLET HLDG CORP | COM | 39874R101 |  | 282000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| HCM III ACQUISITION CORP | ORD SHS CL A | G4365E103 |  | 126302 | 12530 | SH |  | SOLE |  | 12530 | 0 | 0 |
| HIGHVIEW MERGER CORP | UNIT 07/24/2030 | G4569C127 |  | 203400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| HILTON GRAND VACATIONS INC | COM | 43283X105 |  | 978000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 982670 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 1958682 | 17700 | SH |  | SOLE |  | 17700 | 0 | 0 |
| IMAGENEBIO INC | COM | 45175G207 |  | 162950 | 32590 | SH |  | SOLE |  | 32590 | 0 | 0 |
| IMMERSION CORP | COM | 452521107 |  | 409500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| INHIBIKASE THERAPEUTICS INC | COM NEW | 45719W205 |  | 369600 | 220000 | SH |  | SOLE |  | 220000 | 0 | 0 |
| INTERNATIONAL MONEY EXPRESS | COM | 46005L101 |  | 158000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| JANUX THERAPEUTICS INC | COM | 47103J105 |  | 1702750 | 122500 | SH |  | SOLE |  | 122500 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 1049540 | 97000 | SH |  | SOLE |  | 97000 | 0 | 0 |
| KEROS THERAPEUTICS INC | COM | 492327101 |  | 600576 | 54400 | SH |  | SOLE |  | 54400 | 0 | 0 |
| KEZAR LIFE SCIENCES INC | COM NEW | 49372L209 |  | 1803602 | 243073 | SH |  | SOLE |  | 243073 | 0 | 0 |
| KIORA PHARMACEUTICALS INC | COM | 49721T507 |  | 19300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| KURA ONCOLOGY INC | COM | 50127T109 |  | 822919 | 101220 | SH |  | SOLE |  | 101220 | 0 | 0 |
| KYIVSTAR GROUP LTD | ORD SHS | G5331N101 |  | 101200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 2104440 | 213000 | SH |  | SOLE |  | 213000 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 375480 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 5661000 | 150000 | SH | Put | SOLE |  | 150000 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 2830500 | 75000 | SH | Call | SOLE |  | 75000 | 0 | 0 |
| LISATA THERAPEUTICS INC | COM | 128058302 |  | 375750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| MACROGENICS INC | COM | 556099109 |  | 62135 | 21500 | SH |  | SOLE |  | 21500 | 0 | 0 |
| MEREO BIOPHARMA GROUP PLC | SPON ADS | 589492107 |  | 108636 | 329200 | SH |  | SOLE |  | 329200 | 0 | 0 |
| MISTER CAR WASH INC | COM | 60646V105 |  | 1536885 | 220500 | SH |  | SOLE |  | 220500 | 0 | 0 |
| MONRO INC | COM | 610236101 |  | 839598 | 52344 | SH |  | SOLE |  | 52344 | 0 | 0 |
| MONTE ROSA THERAPEUTICS INC | COM | 61225M102 |  | 444413 | 27016 | SH |  | SOLE |  | 27016 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | SHS CL A | G6301B101 |  | 157952 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| NET LEASE OFFICE PROPERTIES | COM | 64110Y108 |  | 1323302 | 114870 | SH |  | SOLE |  | 114870 | 0 | 0 |
| NEW AMER ACQUISITION I CORP | UNIT 99/99/9999 | 023634207 |  | 414000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NKARTA INC | COM | 65487U108 |  | 143480 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| OAKTREE ACQUISITION CORP III | SHS CL A | G6717R104 |  | 423571 | 61188 | SH |  | SOLE |  | 61188 | 0 | 0 |
| ONKURE THERAPEUTICS INC | COM CL A | 68277Q105 |  | 393300 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| ORION PROPERTIES INC | COM | 68629Y103 |  | 1967250 | 915000 | SH |  | SOLE |  | 915000 | 0 | 0 |
| OTG ACQUISITION CORP. I | UNIT 09/05/2030 | G6791A126 |  | 281805 | 50805 | SH |  | SOLE |  | 50805 | 0 | 0 |
| PAGERDUTY INC | COM | 69553P100 |  | 155250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| PEPGEN INC | COM | 713317105 |  | 120530 | 68096 | SH |  | SOLE |  | 68096 | 0 | 0 |
| PETMED EXPRESS INC | COM | 716382106 |  | 248994 | 109208 | SH |  | SOLE |  | 109208 | 0 | 0 |
| PIONEER ACQUISITION I CORP | UNIT 06/16/2030 | G7117W123 |  | 228094 | 22145 | SH |  | SOLE |  | 22145 | 0 | 0 |
| PLIANT THERAPEUTICS INC | COM | 729139105 |  | 283500 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| PMV PHARMACEUTICALS INC | COM | 69353Y103 |  | 82889 | 66846 | SH |  | SOLE |  | 66846 | 0 | 0 |
| PRESIDIO PRODTN CO | CL A COM | 74102N101 |  | 85124 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| PRIORITY TECHNOLOGY HLDGS IN | COM | 74275G107 |  | 278480 | 59000 | SH |  | SOLE |  | 59000 | 0 | 0 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 4368751 | 449460 | SH |  | SOLE |  | 449460 | 0 | 0 |
| RALLYBIO CORP | COM | 75120L209 |  | 270266 | 30130 | SH |  | SOLE |  | 30130 | 0 | 0 |
| REAL ASSET ACQUISITION CORP | SHS CL A | G73944103 |  | 105000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | USD CL A ORD SHS | G7515A103 |  | 206523 | 20188 | SH |  | SOLE |  | 20188 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | SHS CL A | G7490F101 |  | 128582 | 35782 | SH |  | SOLE |  | 35782 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 1137825 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 98450 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| REZOLUTE INC | COM NEW | 76200L309 |  | 122000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ROMAN DBDR ACQUISITION CORP | ORD SHS CL A | G7633M104 |  | 628200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 313880 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| SCRIPPS E W CO OHIO | CL A NEW | 811054402 |  | 318023 | 85490 | SH |  | SOLE |  | 85490 | 0 | 0 |
| SEAPORT ENTMT GROUP INC | COMMON STOCK | 812215200 |  | 3297545 | 153517 | SH |  | SOLE |  | 153517 | 0 | 0 |
| SEER INC | COM CL A | 81578P106 |  | 309627 | 184302 | SH |  | SOLE |  | 184302 | 0 | 0 |
| SELECT MED HLDGS CORP | COM | 81619Q105 |  | 814500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SEPTERNA INC | COM | 81734D104 |  | 956394 | 39800 | SH |  | SOLE |  | 39800 | 0 | 0 |
| SITE CTRS CORP | COM | 82981J851 |  | 75600 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| SIZZLE ACQUISITION CORP. II | USD CL A ORD SHS | G8193F109 |  | 102800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SMART SH GLOBAL LTD | ADS | 83193E102 |  | 346910 | 307000 | SH |  | SOLE |  | 307000 | 0 | 0 |
| SOTERA HEALTH CO | COM | 83601L102 |  | 143400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SPARK I ACQUISITION CORP | ORD SHS | G8316B100 |  | 122295 | 10813 | SH |  | SOLE |  | 10813 | 0 | 0 |
| STANDARD BIOTOOLS INC | COM | 34385P108 |  | 45965 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| STAR HLDGS | SHS BEN INT | 85512G106 |  | 2074725 | 274072 | SH |  | SOLE |  | 274072 | 0 | 0 |
| STRATUS PPTYS INC | COM NEW | 863167201 |  | 382904 | 12546 | SH |  | SOLE |  | 12546 | 0 | 0 |
| SWK HLDGS CORP | COM NEW | 78501P203 |  | 1071630 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| TASKUS INC | CLASS A COM | 87652V109 |  | 67100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| THERAVANCE BIOPHARMA INC | COM | G8807B106 |  | 1671690 | 103000 | SH |  | SOLE |  | 103000 | 0 | 0 |
| TRILOGY METALS INC NEW | COM | 89621C105 |  | 312330 | 87000 | SH |  | SOLE |  | 87000 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 2025400 | 190000 | SH |  | SOLE |  | 190000 | 0 | 0 |
| TWO HARBORS INVENTMENT CORPO | COM | 90187B804 |  | 114200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| UNIQURE NV | SHS | N90064101 |  | 212550 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| USA TODAY CO INC | COM | 36472T109 |  | 262965 | 37300 | SH |  | SOLE |  | 37300 | 0 | 0 |
| VYNE THERAPEUTICS INC | COM | 92941V308 |  | 70543 | 118064 | SH |  | SOLE |  | 118064 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1400460 | 51000 | SH |  | SOLE |  | 51000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1463618 | 53300 | SH | Call | SOLE |  | 53300 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 |  | 1322580 | 658000 | SH |  | SOLE |  | 658000 | 0 | 0 |
| WEN ACQUISITION CORP | COM CL A | G9R39C103 |  | 865300 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| WW INTL INC | COM NEW | 98262P200 |  | 219840 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 9050 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 381420 | 99328 | SH |  | SOLE |  | 99328 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 |  | 1449250 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |

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