SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$1.3B
Q2 2020
Positions
49
Filings on Record
33
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Arbiter Partners Capital Management LLC reported $1.3B in U.S.-listed holdings across 49 positions for Q2 2020.

Its largest position, COWNEUR, represents 2.5% of the portfolio.

Compared with Q1 2020, the fund opened 7 new positions and exited 8.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+8.7%
share of reported value
Largest Position
+2.5%
Cowen Inc A
New / Exited
7 / 8
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: 97.8%ETP: 1.7%Other: 0.5%REIT: 0.0%
  • Common Stock · 97.8% · $1.2B
  • ETP · 1.7% · $22M
  • Other · 0.5% · $6M
  • REIT · 0.0% · $244,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTXRAYTHEON TECHNOLOGIES CORPNEW+40.0K40.0K+$2M$2M
LIBERTY LATIN AMERIC-CL CNEW+147.9K147.9K+$1M$1M
FIRST FINANCIAL NORTHWESTNEW+46.9K46.9K+$454,000$454,000
LOBLIVE OAK BANCSHARES INCNEW+20.0K20.0K+$290,000$290,000
MLVFUSDMALVERN BANCORP INCNEW+22.4K22.4K+$285,000$285,000
CODORUS VALLEY BANCORP INCNEW+18.8K18.8K+$260,000$260,000
WRKUSDWESTROCK CONEW+270.0K270.0K+$0$0
NWLIEURNATIONAL WESTERN LIFE GROU-AADDED+10.0K14.2K+$2M$3M

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

Holdings — Q2 2020

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1COWNEURCOWEN INC - Ahistory →COM2.52%$32M1.95M
2RJR1STEREOTAXIS INChistory →COM1.58%$20M4.45M
3GEF/BGREIF INC-CL Bhistory →COM1.01%$13M303.3K
4CITUSDCIT GROUP INChistory →COM0.97%$12M590.6K
5LNCLINCOLN NATIONAL CORPCOM0.72%$9M245.4K
6LEN/BLENNAR CORP - B SHSCOM0.66%$8M180.8K
7NMI1EURKIRKLAND LAKE GOLD LTDCOM0.49%$6M150.0K
8IPINTERNATIONAL PAPER COCOM0.28%$4M100.0K
9CSUUSDCAPITAL SENIOR LIVING CORPCOM0.26%$3M4.54M
10NWLIEURNATIONAL WESTERN LIFE GROU-ACOM0.23%$3M14.2K
11STTSTATE STREET CORPCOM0.23%$3M45.0K
12GECEURGREAT ELM CAPITAL GROUP INCCOM0.21%$3M1.15M
13THIRD POINT REINSURANCE LTDCOM0.18%$2M303.5K
14PTVCAPROTECTIVE INSURANCE CORP- ACOM0.17%$2M123.5K
15CSTRUSDCAPSTAR FINANCIAL HOLDINGS ICOM0.12%$1M124.7K
16MVCMVC CAPITAL INCCOM0.11%$1M218.6K
17LIBERTY LATIN AMERIC-CL CCOM0.11%$1M147.9K
18GSGOLDMAN SACHS GROUP INCCOM0.09%$1M6.0K
19BONANZA CREEK ENERGY INCCOM0.09%$1M76.7K
20BXBLACKSTONE GROUP INC/THE-ACOM0.05%$567,00010.0K
21TRCTEJON RANCH COCOM0.04%$534,00037.1K
22SENEBSENECA FOODS CORP - CL BCOM0.04%$462,00013.8K
23KFFBKENTUCKY FIRST FEDERAL BANCOCOM0.04%$461,00068.3K
24FIRST FINANCIAL NORTHWESTCOM0.04%$454,00046.9K
25AMGAFFILIATED MANAGERS GROUPCOM0.04%$447,0006.0K
26KCAPUSDPORTMAN RIDGE FINANCE CORPCOM0.03%$380,000345.6K
27DVNDEVON ENERGY CORPCOM0.03%$326,00028.8K
28LOBLIVE OAK BANCSHARES INCCOM0.02%$290,00020.0K
29MLVFUSDMALVERN BANCORP INCCOM0.02%$285,00022.4K
30CODORUS VALLEY BANCORP INCCOM0.02%$260,00018.8K
31CLPRCLIPPER REALTY INCCOM0.02%$244,00030.1K
32KKRKKR & CO INCCOM0.02%$216,0007.0K
33TMHCTAYLOR MORRISON HOME CORPCOM0.02%$193,00010.0K
34ICC HOLDINGS INCCOM0.01%$178,00016.0K
35BATLBATTALION OIL CORPCOM0.01%$177,00018.7K
36HNNAHENNESSY ADVISORS INCCOM0.01%$123,00015.6K
37AXRAMREP CORPCOM0.01%$75,00016.5K
38JMP GROUP LLCCOM0.01%$66,00023.6K
39LONEEURLONESTAR RESOURCES US I-CL ACOM0.00%$54,000115.8K
40HPREURHIGHPOINT RESOURCES CORPCOM0.00%$16,00055.4K
41WRKUSDWESTROCK COCOM0.00%$0270.0K

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 ↗.