SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$495M
Q1 2019
Positions
46
Filings on Record
33
2019–present window
Filed
May 15, 2019
original filing

Summary

Arbiter Partners Capital Management LLC reported $495M in U.S.-listed holdings across 46 positions for Q1 2019.

Its largest position, COWNEUR, represents 4.9% of the portfolio.

Compared with Q4 2018, the fund opened 1 new position and exited 11.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+22.0%
share of reported value
Largest Position
+4.9%
Cowen
New / Exited
1 / 11
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: 96.0%Other: 3.3%ETP: 0.4%REIT: 0.3%
  • Common Stock · 96.0% · $476M
  • Other · 3.3% · $16M
  • ETP · 0.4% · $2M
  • REIT · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMGAFFILIATED MANAGERS GROUPNEW+2.0K2.0K+$214,000$214,000
ISHARES RUSSELL 2000 ETFSOLD OUT−250.0K0−$33M$0
SPDR BBG BARC HIGH YIELD BNDSOLD OUT−740.0K0−$25M$0
SAMBOSTON BEER COMPANY INC-ASOLD OUT−19.0K0−$5M$0
BURLBURLINGTON STORES INCSOLD OUT−20.0K0−$3M$0
DPZDOMINO'S PIZZA INCSOLD OUT−10.0K0−$2M$0
GMEGAMESTOP CORP-CLASS ASOLD OUT−80.0K0−$1M$0
RFLRAFAEL HOLDINGS INC-CLASS BSOLD OUT−103.2K0−$818,000$0

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

Holdings — Q1 2019

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1COWNEURCOWEN INChistory →COM4.87%$24M1.66M
2GEF/BGREIF INC-CL Bhistory →COM4.52%$22M458.0K
3CSUUSDCAPITAL SENIOR LIVING CORPhistory →COM3.64%$18M4.52M
4INTELSAT SACOM2.05%$10M647.3K
5SPWHSPORTSMAN'S WAREHOUSE HOLDINhistory →COM1.46%$7M1.51M
6LNCLINCOLN NATIONAL CORPhistory →COM1.39%$7M117.4K
7LEN/BLENNAR CORP - B SHShistory →COM1.25%$6M158.7K
8PRTKEURPARATEK PHARMACEUTICALS INChistory →COM1.20%$6M1.11M
9GECEURGREAT ELM CAPITAL GROUP INCCOM0.99%$5M1.15M
10HKEURHALCON RESOURCES CORPCOM0.59%$3M2.16M
11LAKE SHORE BANCORP INCCOM0.55%$3M173.4K
12BONANZA CREEK ENERGY INCCOM0.35%$2M76.7K
13MVCMVC CAPITAL INCCOM0.35%$2M190.9K
14THIRD POINT REINSURANCE LTDCOM0.31%$2M148.8K
15CLPRCLIPPER REALTY INCCOM0.31%$2M114.1K
16PTVCAPROTECTIVE INSURANCE CORP- ACOM0.29%$1M74.6K
17CITUSDCIT GROUP INCCOM0.28%$1M28.5K
18DVNDEVON ENERGY CORPCOM0.18%$908,00028.8K
19TRCTEJON RANCH COCOM0.13%$653,00037.1K
20MCKMCKESSON CORPCOM0.12%$585,0005.0K
21LONEEURLONESTAR RESOURCES US I-CL ACOM0.11%$526,000131.3K
22KFFBKENTUCKY FIRST FEDERAL BANCOCOM0.10%$512,00068.3K
23AXRAMREP CORPCOM0.10%$501,00087.1K
24LPI1USDLAREDO PETROLEUM INCCOM0.09%$429,000138.8K
25BXUSDBLACKSTONE GROUP LP/THECOM0.07%$350,00010.0K
26KKRKKR & CO INC -ACOM0.06%$282,00012.0K
27VSTOEURVISTA OUTDOOR INCCOM0.06%$276,00034.4K
28ICC HOLDINGS INCCOM0.04%$216,00016.0K
29AMGAFFILIATED MANAGERS GROUPCOM0.04%$214,0002.0K
30SENEBSENECA FOODS CORP - CL BCOM0.04%$202,0007.4K
31SEA1EURSEABRIDGE GOLD INCCOM0.03%$153,00012.4K
32HNNAHENNESSY ADVISORS INCCOM0.03%$145,00015.6K
33HPREURHIGHPOINT RESOURCES CORPCOM0.02%$123,00055.4K
34JMP GROUP LLCCOM0.02%$88,00023.6K
35GROWU.S. GLOBAL INVESTORS INC-ACOM0.01%$41,00038.1K

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 4 additional managers.

  • Broken Clock Management LLC
  • Arbiter Partners QP LP
  • Arbiter Partners LP
  • Arbiter Partners Offshore LTD

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 ↗.