SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$1.4B
Q1 2021
Positions
43
Filings on Record
33
2019–present window
Filed
May 17, 2021
original filing

Summary

Arbiter Partners Capital Management LLC reported $1.4B in U.S.-listed holdings across 43 positions for Q1 2021.

Its largest position, COWNEUR, represents 2.7% of the portfolio.

Compared with Q4 2020, the fund opened 5 new positions and exited 7.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+11.5%
share of reported value
Largest Position
+2.7%
Cowen Inc A
New / Exited
5 / 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: 98.2%Other: 1.8%REIT: 0.0%
  • Common Stock · 98.2% · $1.4B
  • Other · 1.8% · $25M
  • REIT · 0.0% · $180,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMC ENTERTAINMENT HLDS-CL ANEW+348.5K348.5K+$4M$4M
GEGGREAT ELM GROUP INCNEW+1.15M1.15M+$3M$3M
SIRIUSPOINT LTDNEW+128.3K128.3K+$1M$1M
LMTLOCKHEED MARTIN CORPNEW+3.1K3.1K+$1M$1M
BONANZA CREEK ENERGY INCNEW+6.0K6.0K+$214,000$214,000
TSLATESLA INCADDED+870.5K1.74M+$549M$1.2B
AIVAPARTMENT INVT & MGMT CO -ASOLD OUT−988.4K0−$5M$0
PENPENUMBRA INCSOLD OUT−20.0K0−$4M$0

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

Holdings — Q1 2021

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1COWNEURCOWEN INC - Ahistory →COM2.72%$38M1.07M
2RJR1STEREOTAXIS INChistory →COM2.08%$29M4.27M
3WRKUSDWESTROCK COhistory →COM1.58%$22M452.8K
4LIBERTY LATIN AMERIC-CL CCOM1.35%$19M1.44M
5GEF/BGREIF INC-CL Bhistory →COM1.18%$16M284.2K
6SNDACAPITAL SENIOR LIVING CORPhistory →COM0.84%$12M301.6K
7LEN/BLENNAR CORP - B SHSCOM0.62%$9M103.9K
8CITUSDCIT GROUP INCCOM0.60%$8M161.3K
9LNCLINCOLN NATIONAL CORPCOM0.39%$5M87.6K
10IPINTERNATIONAL PAPER COCOM0.27%$4M70.0K
11NWLIEURNATIONAL WESTERN LIFE GROU-ACOM0.27%$4M15.2K
12AMC ENTERTAINMENT HLDS-CL ACOM0.26%$4M348.5K
13PTVCAPROTECTIVE INSURANCE CORP- ACOM0.21%$3M126.9K
14GEGGREAT ELM GROUP INCCOM0.20%$3M1.15M
15CSTRUSDCAPSTAR FINANCIAL HOLDINGS ICOM0.16%$2M127.8K
16GSGOLDMAN SACHS GROUP INCCOM0.14%$2M5.8K
17KCAPUSDPORTMAN RIDGE FINANCE CORPCOM0.10%$1M639.0K
18SIRIUSPOINT LTDCOM0.09%$1M128.3K
19LMTLOCKHEED MARTIN CORPCOM0.08%$1M3.1K
20TRCTEJON RANCH COCOM0.05%$712,00046.6K
21SENEBSENECA FOODS CORP - CL BCOM0.05%$676,00013.8K
22FIRST FINANCIAL NORTHWESTCOM0.05%$668,00046.9K
23MLVFUSDMALVERN BANCORP INCCOM0.04%$512,00027.5K
24KFFBKENTUCKY FIRST FEDERAL BANCOCOM0.03%$461,00068.3K
25COMMUNITY WEST BANCSHARESCOM0.03%$445,00034.7K
26DVNDEVON ENERGY CORPCOM0.03%$403,00018.4K
27NMI1EURKIRKLAND LAKE GOLD LTDCOM0.03%$395,00011.7K
28BXBLACKSTONE GROUP INC/THECOM0.03%$373,0005.0K
29KKRKKR & CO INCCOM0.02%$342,0007.0K
30PTVCBPROTECTIVE INSURANCE CORP- BCOM0.02%$257,00011.2K
31TMHCTAYLOR MORRISON HOME CORPCOM0.02%$256,00010.0K
32ICC HOLDINGS INCCOM0.02%$251,00017.0K
33BONANZA CREEK ENERGY INCCOM0.02%$214,0006.0K
34BATLBATTALION OIL CORPCOM0.01%$203,00018.7K
35CLPRCLIPPER REALTY INCCOM0.01%$180,00022.7K
36HNNAHENNESSY ADVISORS INCCOM0.01%$135,00015.6K

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 ↗.