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Rangeley Capital, LLC — 13F Holdings & Portfolio

CIK 1517796 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Rangeley Capital, LLC manages $109.5M in 13F-reported U.S. long-equity assets across 184 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DRVN (6.60%), RVMDW (4.28%), PRTA (3.73%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 70 new positions and exited 27; 45 existing positions rose in reported value and 32 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$109.5M

Long-equity book

Holdings
184

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+70 / −27 / ↑45 / ↓32

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
DRVN6.7% · -17%RVMDW4.4% · newPRTA3.8% · -7%SEG3.8% · 0%GRND2.9% · -6%STHO2.8% · +18%FLL2.4% · +1%ABUS2.2% · 0%TRIP1.9% · -20%ECHO1.7% · newABVX1.6% · +225%GDOT1.6% · -22%DSGR1.6% · +274%TBPH1.6% · -3%RLYB1.6% · +248%ONL1.6% · -37%MNRO1.5% · +84%RVMD1.5% · -87%BHF1.5% · 0%JANX1.4% · -20%NOMD1.4% · newARVN1.4% · -22%DK1.3% · -55%WBD1.3% · 0%ZIM1.3% · -6%MLAA1.2% · newEVC1.1% · -9%RPD1.1% · newBCYC1.0% · +9%NLOP1.0% · -17%KURA1.0% · -7%WLFC0.9% · newWENN0.8% · +4%DOMO0.8% · +962%META0.8% · newRYAM0.8% · newIMMR0.7% · +47%FWRD0.7% · -35%INMD0.7% · newDDI0.7% · newCLMT0.6% · -64%XPOF0.6% · newCHTR0.6% · newBCAR0.6% · newAXIN0.6% · newDRDB0.6% · 0%GO0.6% · +58%PAHC0.6% · newCCII0.6% · +502%YEXT0.6% · +31%KROS0.5% · 0%HEPS0.5% · 0%CORZW0.5% · -21%ENGN0.5% · newSSP0.5% · +119%GPACU0.5% · 0%NKTR0.5% · newKVYO0.4% · newSVAQ0.4% · newQURE0.4% · -23%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 32.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated May 12, 2026.

Assets Under Management
$220.5M
Discretionary
$220.5M
Employees
5
Accounts
10
Address
3 FOREST STREET
NEW CANAAN, CT 06840
Phone
(203) 801-9975
Website
Name Title / Status Ownership Type
DEMUTH JR., CHRISTOPHER, CLAY ControlMANAGING MEMBER
since Jan 2007
75% or moreIndividual
DeMuth, Catherine, Elizabeth ControlCHIEF COMPLIANCE OFFICER
since Jun 2024
Less than 5%Individual
STERNER, ROBERT, E. ControlCHIEF OPERATING OFFICER
since Jan 2017
Less than 5%Individual
Ownership & leadership changes · 3 filings with changes since Sep 5, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jun 26, 2024 filing
  • AddedDeMuth, Catherine, Elizabeth · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 28, 2019 filing
  • No longer listedRICHARD, TOWNSEND, JOHN · MANAGING MEMBER · 50–75% · control person · listed since Jan 2008
  • ChangedDEMUTH JR., CHRISTOPHER, CLAY · ownership 50–75% → 75% or more
Mar 27, 2017 filing
  • AddedSTERNER, ROBERT, E. · CHIEF OPERATING OFFICER · Less than 5% · control person
Sep 5, 2012 filing (earliest on record)
  • ListedDEMUTH JR., CHRISTOPHER, CLAY · MANAGING MEMBER · 50–75% · control person
  • ListedRICHARD, TOWNSEND, JOHN · MANAGING MEMBER · 50–75% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 45 →

Top Trims

Show all 32 →

New Positions

Show all 70 →

Exited Positions

Show all 27 →

Rangeley Capital, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 DRIVEN BRANDS HLDGS INC DRVN 26210V102 $7.2M 6.60% 518,246 SH
2 REVOLUTION MEDICINES INC RVMDW 76155X118 $4.7M 4.28% 25,000 SH
3 PROTHENA CORP PLC PRTA G72800108 $4.1M 3.73% 417,270 SH
4 SEAPORT ENTMT GROUP INC SEG 812215200 $4.1M 3.73% 153,517 SH
5 GRINDR INC GRND 39854F101 $3.2M 2.89% 220,000 SH
6 STAR HLDGS STHO 85512G106 $3.0M 2.71% 324,408 SH
7 FULL HSE RESORTS INC FLL 359678109 $2.6M 2.36% 925,578 SH
8 ARBUTUS BIOPHARMA CORP ABUS 03879J100 $2.4M 2.19% 500,000 SH
9 TRIPADVISOR INC TRIP 896945201 $2.1M 1.90% 152,000 SH
10 ECHOSTAR CORP ECHO 278768106 $1.8M 1.69% 17,800 SH
11 ABIVAX SA ABVX 00370M103 $1.7M 1.58% 13,000 SH
12 GREEN DOT CORP GDOT 39304D102 $1.7M 1.57% 127,594 SH
13 DISTRIBUTION SOLUTIONS GRP I DSGR 520776105 $1.7M 1.57% 63,000 SH
14 THERAVANCE BIOPHARMA INC TBPH G8807B106 $1.7M 1.55% 99,500 SH
15 RALLYBIO CORP RLYB 75120L209 $1.7M 1.53% 104,850 SH
16 ORION PROPERTIES INC ONL 68629Y103 $1.7M 1.53% 578,567 SH
17 MONRO INC MNRO 610236101 $1.7M 1.51% 96,500 SH
18 REVOLUTION MEDICINES INC RVMD 76155X100 $1.6M 1.49% 8,700 SH
19 BRIGHTHOUSE FINL INC BHF 10922N103 $1.6M 1.45% 25,000 SH
20 JANUX THERAPEUTICS INC JANX 47103J105 $1.5M 1.37% 97,978 SH
21 NOMAD FOODS LTD NOMD G6564A105 $1.5M 1.35% 135,000 SH
22 ARVINAS INC ARVN 04335A105 $1.5M 1.33% 175,590 SH
23 DELEK US HLDGS INC NEW DK 24665A103 $1.4M 1.25% 27,000 SH
24 WARNER BROS DISCOVERY INC WBD 934423104 $1.4M 1.24% 51,000 SH
25 ZIM INTEGRATED SHIPPING SERV ZIM M9T951109 $1.4M 1.24% 52,000 SH
26 MOUNTAIN LAKE ACQUISIT CORP MLAA G6301L109 $1.3M 1.16% 127,791 SH
27 ENTRAVISION COMMUNICATIONS C EVC 29382R107 $1.2M 1.08% 91,000 SH
28 RAPID7 INC RPD 753422104 $1.2M 1.06% 143,000 SH
29 BICYCLE THERAPEUTICS PLC BCYC 088786108 $1.1M 0.98% 253,500 SH
30 NET LEASE OFFICE PROPERTIES NLOP 64110Y108 $1.1M 0.97% 95,000 SH
31 KURA ONCOLOGY INC KURA 50127T109 $1.0M 0.94% 94,000 SH
32 WILLIS LEASE FIN CORP WLFC 970646105 $915.2K 0.84% 4,000 SH
33 WEN ACQUISITION CORP WENN G9R39C103 $897.3K 0.82% 88,113 SH
34 DOMO INC DOMO 257554105 $863.9K 0.79% 276,000 SH
35 META PLATFORMS INC META 30303M102 $844.9K 0.77% 1,500 SH
36 RAYONIER ADVANCED MATLS INC RYAM 75508B104 $823.8K 0.75% 104,808 SH
37 IMMERSION CORP IMMR 452521107 $744.7K 0.68% 110,000 SH
38 FORWARD AIR CORP FWRD 34986A104 $743.0K 0.68% 55,000 SH
39 INMODE LTD INMD M5425M103 $731.0K 0.67% 50,000 SH
40 DOUBLEDOWN INTERACTIVE CO LT DDI 25862B109 $700.3K 0.64% 61,000 SH
41 CALUMET INC CLMT 131428104 $684.4K 0.63% 19,000 SH
42 XPONENTIAL FITNESS INC XPOF 98422X101 $674.6K 0.62% 97,485 SH
43 CHARTER COMMUNICATIONS INC CHTR 16119P108 $639.9K 0.58% 4,500 SH
44 D. BORAL ARC ACQ I CORP. BCAR G2616F101 $637.8K 0.58% 61,150 SH
45 AXIOM INTELLIGENCE AC CORP 1 AXIN G0750N104 $632.7K 0.58% 61,193 SH
46 ROMAN DBDR ACQUISITION CORP DRDB G7633M104 $632.1K 0.58% 60,000 SH
47 GROCERY OUTLET HLDG CORP GO 39874R101 $628.7K 0.57% 63,000 SH
48 PHIBRO ANIMAL HEALTH CORP PAHC 71742Q106 $628.0K 0.57% 20,000 SH
49 COHEN CIRCLE ACQUISIT CORP I CCII G2254C121 $615.8K 0.56% 60,200 SH
50 YEXT INC YEXT 98585N106 $608.6K 0.56% 130,328 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $109.5M 184 0001892688-26-000133
2026-03-31 2026-05-15 $102.9M 138 0001892688-26-000089
2025-12-31 2026-02-17 $120.4M 123 0000919574-26-001155
2025-09-30 2025-11-14 $115.6M 136 0000919574-25-006964
Filer Information
Address
3 FOREST STREET
NEW CANAAN, CT 06840
Phone
(203) 801-9970
Filing Manager
Rangeley Capital, LLC
NEW CANAAN, CT
Signatory
Robert Sterner
Chief Operating Officer