Rangeley Capital Portfolio holdings

AUM $88.6M

This Quarter Return

-8.4%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$88.6M

AUM Growth

-$16.4M (-16%)

Cap. Flow

-$3.37M

Cap. Flow % of AUM

-3.8%

Top 10 Holdings %Top 10 Hldgs %

49.88%

Holding

103

New

Increased

Reduced

Closed

Top Buys

1	Keros Therapeutics KROS	$4.16M
2	Arvinas ARVN	$3.81M
3	Sage Therapeutics SAGE	$3.06M
4	Surgery Partners SGRY	$2.16M
5	SWTX SpringWorks Therapeutics SWTX	$1.47M

Top Sells

1	DRDBU Roman DBDR Acquisition Corp. II Unit DRDBU	$2.17M
2	NLOP Net Lease Office Properties NLOP	$1.8M
3	Burford Capital BUR	$1.45M
4	SMC Summit Midstream Corporation SMC	$1.45M
5	Target Hospitality TH	$1.39M

Sector Composition

1	Healthcare	30.18%
2	Energy	16.93%
3	Consumer Discretionary	10.18%
4	Real Estate	9.79%
5	Materials	9.78%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Star Holdings Shares of Beneficial Interest STHO $104M	$1.1M	1.18%	129,000 +2,000	+2%	+$17K
27	27 Third Harmonic Bio THRD $246M	$937K	1%	+270,000	New	+$937K
28	DRDB 28 Roman DBDR Acquisition Corp. II Ordinary shares DRDB $314M	$894K	0.96%	+89,167	New	+$894K
29	MLACR 29 Mountain Lake Acquisition Corp. Right MLACR	$804K	0.86%	+80,000	New	+$804K
30	30 SWK Holdings SWKH $186M	$759K	0.81%	43,662	–	–
31	FNA 31 DELISTED Paragon 28, Inc. FNA	$653K	0.7%	+50,000	New	+$653K
32	32 TripAdvisor TRIP $2.07B	$638K	0.68%	+45,009	New	+$638K
33	33 Core Scientific CORZ $4.09B	$626K	0.67%	86,400 -86,400	-50%	-$626K
34	DESP 34 DELISTED Despegar.com DESP	$558K	0.6%	+29,702	New	+$558K
35	SMC 35 Summit Midstream Corporation SMC $318M	$508K	0.54%	15,000 -42,777	-74%	-$1.45M
36	36 BridgeBio Pharma BBIO $8.88B	$449K	0.48%	13,000	–	–
37	DRDBW 37 Roman DBDR Acquisition Corp. II Warrants DRDBW	$447K	0.48%	+44,583	New	+$447K
38	38 Mammoth Energy Services TUSK $127M	$420K	0.45%	205,880 -226,458	-52%	-$462K
39	HEPS 39 D-Market Electronic Services & Trading HEPS $851M	$411K	0.44%	144,326 +44,326	+44%	+$126K
40	40 Howard Hughes HHH $4.1B	$354K	0.38%	4,781 -6,182	-56%	-$458K
41	41 CARGO Therapeutics CRGX $214M	$333K	0.36%	+81,851	New	+$333K
42	SEPN 42 Septerna, Inc. Common Stock SEPN $562M	$307K	0.33%	+52,950	New	+$307K
43	MLAC 43 Mountain Lake Acquisition Corp. Class A Ordinary Shares MLAC $318M	$291K	0.31%	+29,000	New	+$291K
44	CEP 44 Cantor Equity Partners, Inc. Class A Ordinary Shares CEP $431M	$284K	0.3%	26,482	–	–
45	45 Inhibrx INBX $342M	$249K	0.27%	17,810 -31,591	-64%	-$442K
46	46 Atlanta Braves Holdings Series B BATRK $2.91B	$239K	0.26%	5,981 -4,019	-40%	-$161K
47	47 Cardlytics CDLX $88.2M	$237K	0.25%	130,000 -190,000	-59%	-$346K
48	BRSL 48 Brightstar Lottery BRSL $2.93B	$232K	0.25%	+14,249	New	+$232K
49	AMTM 49 Amentum Holdings, Inc. AMTM $6.21B	$228K	0.24%	12,500 -34,500	-73%	-$628K
50	50 Bausch + Lomb BLCO $5.01B	$218K	0.23%	15,000 -1,200	-7%	-$17.4K