SEC 13F Intelligence

Managers / Q1 2026

Arbiter Partners Capital Management LLC

CIK 0001513193 · 530 FIFTH AVENUE, 20TH FLOOR, NEW YORK, NY, 10036 · 212-650-4660

Reported Value
$175M
Q1 2026
Positions
45
Filings on Record
33
2019–present window
Filed
May 12, 2026
original filing

Summary

Arbiter Partners Capital Management LLC reported $175M in U.S.-listed holdings across 45 positions for Q1 2026.

The portfolio is heavily concentrated: GRAL alone accounts for 30.6% of reported value.

Compared with Q4 2025, the fund opened 3 new positions and exited 7.

Portfolio Metrics

Turnover
+14.1%
vs prior filed quarter
Top-10 Concentration
+63.4%
share of reported value
Largest Position
+30.6%
Grail
New / Exited
3 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $895MQ4 ’18Q1 ’19: $495MQ2 ’19: $978MQ3 ’19: $549MQ4 ’19: $689MQ4 ’19Q1 ’20: $672MQ2 ’20: $1.3BQ3 ’20: $2.2BQ4 ’20: $831MQ4 ’20Q1 ’21: $1.4BQ2 ’21: $601MQ3 ’21: $1.3BQ4 ’21: $821MQ4 ’21Q1 ’22: $190MQ2 ’22: $161MQ3 ’22: $157MQ4 ’22: $116MQ4 ’22Q1 ’23: $107MQ2 ’23: $93MQ3 ’23: $78MQ4 ’23: $88MQ4 ’23Q1 ’24: $79MQ2 ’24: $100MQ3 ’24: $113MQ4 ’24: $162MQ4 ’24Q1 ’25: $138MQ2 ’25: $114MQ3 ’25: $167MQ4 ’25: $205MQ4 ’25Q1 ’26: $175Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.3%Other: 6.4%REIT: 4.3%
  • Common Stock · 89.3% · $156M
  • Other · 6.4% · $11M
  • REIT · 4.3% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RNAATRIUM THERAPEUTICS INCNEW+230.0K230.0K+$3M$3M
MSFTMICROSOFT CORPNEW+2.0K2.0K+$740,340$740,340
BURFORD CAPITAL LTDNEW+27.0K27.0K+$122,040$122,040
ELEELEMENTAL ROYALTY CORPADDED+141.3K168.3K+$3M$3M
NAVINAVIENT CORPADDED+357.5K512.5K+$2M$4M
ODVOSISKO DEVELOPMENT CORPADDED+1.15M2.09M+$4M$7M
SHGSHINHAN FINANCIAL GROUP-ADRSOLD OUT−138.2K0−$7M$0
ARVNARVINAS INCSOLD OUT−452.8K0−$5M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GRALGRAIL INChistory →COM30.64%$53M1.03M
2GEF/BGREIF INC-CL Bhistory →COM9.78%$17M195.0K
3ODVOSISKO DEVELOPMENT CORPhistory →COM3.89%$7M2.09M
4CRBGCOREBRIDGE FINANCIAL INChistory →COM3.19%$6M233.7K
5RJR1STEREOTAXIS INChistory →COM3.04%$5M2.88M
6OPYOPPENHEIMER HOLDINGS-CL Ahistory →COM2.81%$5M55.0K
7SNDASONIDA SENIOR LIVING INChistory →COM2.78%$5M152.2K
8SIRIUSPOINT LTDCOM2.48%$4M200.8K
90HQKCBL & ASSOCIATES PROPERTIEShistory →COM2.41%$4M109.2K
10NAVINAVIENT CORPhistory →COM2.40%$4M512.5K
11LIBERTY LATIN AMERIC-CL CCOM2.38%$4M473.5K
12GNWGENWORTH FINANCIAL INChistory →COM2.27%$4M487.4K
13VETVERMILION ENERGY INChistory →COM2.11%$4M266.7K
14TBNTAMBORAN RESOURCES CORPhistory →COM1.93%$3M67.2K
15ELEELEMENTAL ROYALTY CORPhistory →COM1.82%$3M168.3K
16RNAATRIUM THERAPEUTICS INChistory →COM1.76%$3M230.0K
17MTGMGIC INVESTMENT CORPhistory →COM1.31%$2M87.0K
18TFPMTRIPLE FLAG PRECIOUS METhistory →COM1.16%$2M58.5K
19NAVIOS MARITIME PARTNERS LPCOM0.96%$2M24.8K
20CWBCCOMMUNITY WEST BANCSHARESCOM0.59%$1M43.9K
21WEATHERFORD INTERNATIONAL PLCOM0.54%$945,80010.0K
22OPRTOPORTUN FINANCIAL CORPCOM0.51%$885,609192.1K
23MSFTMICROSOFT CORPCOM0.42%$740,3402.0K
24GOOGLALPHABET INC-CL ACOM0.41%$718,9002.5K
25NODKNI HOLDINGS INCCOM0.38%$662,44351.4K
26AVBCAVIDIA BANCORP INCCOM0.37%$645,17632.8K
27VOXRVOX ROYALTY CORPCOM0.37%$638,861121.9K
28MRTMARTI TECHNOLOGIES INCCOM0.33%$572,508286.3K
29LEN/BLENNAR CORP - B SHSCOM0.27%$473,5115.6K
30OLNOLIN CORPCOM0.22%$383,51712.9K
31OABIOMNIAB INCCOM0.17%$302,358192.6K
32GROYGOLD ROYALTY CORPCOM0.16%$281,38878.6K
33TRCTEJON RANCH COCOM0.14%$244,78813.0K
34MTAMETALLA ROYALTY & STREAMINGCOM0.13%$225,42034.0K
35DVNDEVON ENERGY CORPCOM0.12%$201,2804.0K
36MLCIMOUNT LOGAN CAPITAL INCCOM0.07%$127,10935.5K
37BURFORD CAPITAL LTDCOM0.07%$122,04027.0K
38BTOB2GOLD CORPCOM0.06%$113,25025.0K
39CLPRCLIPPER REALTY INCCOM0.04%$68,30622.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$175M45May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$205M49Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$167M40Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$114M30Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$138M34May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$162M29Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$113M28Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$100M33Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$79M34May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$88M45Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$78M45Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$93M45Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$107M43May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$116M47Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$157M39Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$161M33Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$190M33May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$821M36Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021REVEALED$1.3B71Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$601M33Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.4B43May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$831M46Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.2B50Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.3B49Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$672M52May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$689M43Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$549M51Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019REVEALED$978M91Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$495M46May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$895M57Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Broken Clock Management LLC
  • Arbiter Partners QP LP

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.