SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$978M
Q2 2019
Positions
91
includes revealed positions
Filings on Record
33
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Arbiter Partners Capital Management LLC reported $978M in U.S.-listed holdings across 91 positions for Q2 2019.

Its largest position, COWNEUR, represents 2.9% of the portfolio.

Compared with Q1 2019, the fund opened 12 new positions and exited 5.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+15.5%
share of reported value
Largest Position
+2.9%
Cowen Inc A
New / Exited
12 / 5
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: 3.5%ETP: 0.4%REIT: 0.2%
  • Common Stock · 96.0% · $939M
  • Other · 3.5% · $34M
  • ETP · 0.4% · $3M
  • REIT · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSGOLDMAN SACHS GROUP INCREVEALEDNEW+39.0K39.0K+$8M$8M
KTBKONTOOR BRANDS INCREVEALEDNEW+247.4K247.4K+$7M$7M
OLLIOLLIE'S BARGAIN OUTLET HOLDIREVEALEDNEW+48.7K48.7K+$4M$4M
CARLYLE GROUP/THEREVEALEDNEW+60.0K60.0K+$1M$1M
AERCAP HOLDINGS NVREVEALEDNEW+23.0K23.0K+$1M$1M
PGPROCTER & GAMBLE CO/THEREVEALEDNEW+10.0K10.0K+$1M$1M
DDSDILLARDS INC-CL AREVEALEDNEW+10.0K10.0K+$623,000$623,000
NWLIEURNATIONAL WESTERN LIFE GROU-AREVEALEDNEW+2.0K2.0K+$502,000$502,000

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

Holdings — Q2 2019REVEALED

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CSUUSDCAPITAL SENIOR LIVING CORPREVEALEDhistory →COM4.66%$46M9.06M
2GEF/BGREIF INC-CL BREVEALEDhistory →COM3.56%$35M798.3K
3COWNEURCOWEN INC - AREVEALEDhistory →COM2.92%$29M1.66M
4INTELSAT SAREVEALEDCOM2.12%$21M1.07M
5LNCLINCOLN NATIONAL CORPREVEALEDhistory →COM1.55%$15M234.8K
6LEN/BLENNAR CORP - B SHSREVEALEDhistory →COM1.25%$12M317.4K
7SPWHSPORTSMAN'S WAREHOUSE HOLDINREVEALEDhistory →COM1.17%$11M3.02M
8GECEURGREAT ELM CAPITAL GROUP INCREVEALEDhistory →COM1.01%$10M2.30M
9PRTKEURPARATEK PHARMACEUTICALS INCREVEALEDCOM0.90%$9M2.21M
10KTBKONTOOR BRANDS INCREVEALEDCOM0.71%$7M247.4K
11LAKE SHORE BANCORP INCREVEALEDCOM0.52%$5M342.9K
12MVCMVC CAPITAL INCREVEALEDCOM0.36%$4M381.7K
13BONANZA CREEK ENERGY INCREVEALEDCOM0.33%$3M153.5K
14PTVCAPROTECTIVE INSURANCE CORP- AREVEALEDCOM0.33%$3M194.1K
15CITUSDCIT GROUP INCREVEALEDCOM0.31%$3M57.0K
16GSGOLDMAN SACHS GROUP INCREVEALEDCOM0.13%$1M6.0K
17AERCAP HOLDINGS NVREVEALEDCOM0.12%$1M23.0K

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 ↗.