SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$549M
Q3 2019
Positions
51
Filings on Record
33
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Arbiter Partners Capital Management LLC reported $549M in U.S.-listed holdings across 51 positions for Q3 2019.

Its largest position, COWNEUR, represents 4.7% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 7.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+21.4%
share of reported value
Largest Position
+4.7%
Cowen Inc A
New / Exited
4 / 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: 94.7%Other: 3.1%ETP: 2.2%REIT: 0.1%
  • Common Stock · 94.7% · $520M
  • Other · 3.1% · $17M
  • ETP · 2.2% · $12M
  • REIT · 0.1% · $292,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RJR1STEREOTAXIS INCNEW+4.68M4.68M+$16M$16M
PRUPRUDENTIAL FINANCIAL INCNEW+20.0K20.0K+$2M$2M
STTSTATE STREET CORPNEW+30.0K30.0K+$2M$2M
SENEASENECA FOODS CORP - CL ANEW+6.4K6.4K+$201,000$201,000
XTRACKERS HARVEST CSI 300 CHADDED+327.2K449.4K+$9M$12M
TAT&T INCSOLD OUT−280.0K0−$9M$0
KTBKONTOOR BRANDS INCSOLD OUT−247.4K0−$7M$0
MCKMCKESSON CORPSOLD OUT−10.0K0−$1M$0

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

Holdings — Q3 2019

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1COWNEURCOWEN INC - Ahistory →COM4.66%$26M1.66M
2CSUUSDCAPITAL SENIOR LIVING CORPhistory →COM3.62%$20M4.54M
3RJR1STEREOTAXIS INChistory →COM2.99%$16M4.68M
4GEF/BGREIF INC-CL Bhistory →COM2.94%$16M355.0K
5INTELSAT SACOM1.74%$10M420.0K
6LEN/BLENNAR CORP - B SHShistory →COM1.30%$7M160.8K
7LNCLINCOLN NATIONAL CORPhistory →COM1.29%$7M117.4K
8SPWHSPORTSMAN'S WAREHOUSE HOLDINhistory →COM1.24%$7M1.32M
9PRTKEURPARATEK PHARMACEUTICALS INCCOM0.87%$5M1.11M
10GECEURGREAT ELM CAPITAL GROUP INCCOM0.77%$4M1.15M
11PTVCAPROTECTIVE INSURANCE CORP- ACOM0.36%$2M119.5K
12BONANZA CREEK ENERGY INCCOM0.31%$2M76.7K
13MVCMVC CAPITAL INCCOM0.31%$2M190.9K
14CITUSDCIT GROUP INCCOM0.23%$1M28.5K
15LAKE SHORE BANCORP INCCOM0.23%$1M86.7K
16AERCAP HOLDINGS NVCOM0.23%$1M23.0K
17GSGOLDMAN SACHS GROUP INCCOM0.23%$1M6.0K
18THIRD POINT REINSURANCE LTDCOM0.20%$1M112.3K
19DVNDEVON ENERGY CORPCOM0.13%$693,00028.8K
20TRCTEJON RANCH COCOM0.11%$630,00037.1K
21NWLIEURNATIONAL WESTERN LIFE GROU-ACOM0.10%$525,0002.0K
22KFFBKENTUCKY FIRST FEDERAL BANCOCOM0.09%$512,00068.3K
23BXBLACKSTONE GROUP INC/THE-ACOM0.09%$488,00010.0K
24AXRAMREP CORPCOM0.09%$482,00084.3K
25SENEBSENECA FOODS CORP - CL BCOM0.08%$433,00013.8K
26LONEEURLONESTAR RESOURCES US I-CL ACOM0.06%$357,000131.3K
27LPI1USDLAREDO PETROLEUM INCCOM0.06%$335,000138.8K
28KKRKKR & CO INC -ACOM0.06%$322,00012.0K
29ANATUSDAMERICAN NATIONAL INSURANCECOM0.06%$309,0002.5K
30CLPRCLIPPER REALTY INCCOM0.05%$292,00028.6K
31ICC HOLDINGS INCCOM0.04%$220,00016.0K
32HNNAHENNESSY ADVISORS INCCOM0.03%$169,00015.6K
33HPREURHIGHPOINT RESOURCES CORPCOM0.02%$88,00055.4K
34JMP GROUP LLCCOM0.01%$81,00023.6K

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 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 ↗.