SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$161M
Q2 2022
Positions
33
Filings on Record
33
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Arbiter Partners Capital Management LLC reported $161M in U.S.-listed holdings across 33 positions for Q2 2022.

Its largest position, COWNEUR, represents 13.8% of the portfolio.

Compared with Q1 2022, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+55.7%
share of reported value
Largest Position
+13.8%
Cowen Inc A
New / Exited
1 / 2
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: 89.7%Other: 9.1%ETP: 1.1%REIT: 0.1%
  • Common Stock · 89.7% · $144M
  • Other · 9.1% · $15M
  • ETP · 1.1% · $2M
  • REIT · 0.1% · $175,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WEWORK INC-CL ANEW+119.5K119.5K+$600,000$600,000
SPWHSPORTSMAN'S WAREHOUSE HOLDINADDED+332.6K660.4K+$3M$6M
IPINTERNATIONAL PAPER COSOLD OUT−60.0K0−$3M$0
KFFBKENTUCKY FIRST FEDERAL BANCOSOLD OUT−68.3K0−$503,000$0
TSLATESLA INCADDED+35.0K79.3K+$6M$53M
CPTAUSDLOGAN RIDGE FINANCE CORPADDED+11.9K27.9K+$80,000$440,000
ARK INNOVATION ETFADDED+19.0K46.0K+$44,000$2M
WRKUSDWESTROCK COTRIMMED−116.7K86.8K−$6M$3M

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

Holdings — Q2 2022

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1COWNEURCOWEN INC - Ahistory →COM13.75%$22M933.6K
2GEF/BGREIF INC-CL Bhistory →COM9.88%$16M255.1K
3SNDASONIDA SENIOR LIVING INChistory →COM8.09%$13M619.6K
4LIBERTY LATIN AMERIC-CL CCOM7.19%$12M1.48M
5SPWHSPORTSMAN'S WAREHOUSE HOLDINhistory →COM3.94%$6M660.4K
6LEN/BLENNAR CORP - B SHShistory →COM3.62%$6M99.1K
7RJR1STEREOTAXIS INChistory →COM2.92%$5M2.55M
8JXNJACKSON FINANCIAL INC-Ahistory →COM2.50%$4M150.4K
9NWLIEURNATIONAL WESTERN LIFE GROU-Ahistory →COM2.37%$4M18.8K
10WRKUSDWESTROCK COhistory →COM2.15%$3M86.8K
11GEGGREAT ELM GROUP INChistory →COM1.29%$2M964.8K
12FCNCAFIRST CITIZENS BCSHS -CL Ahistory →COM1.11%$2M2.7K
13LNCLINCOLN NATIONAL CORPCOM0.84%$1M29.0K
14SIRIUSPOINT LTDCOM0.66%$1M195.3K
15DVNDEVON ENERGY CORPCOM0.63%$1M18.4K
16BCICPORTMAN RIDGE FINANCE CORPCOM0.48%$779,00033.2K
17SENEBSENECA FOODS CORP - CL BCOM0.47%$760,00013.8K
18FIRST FINANCIAL NORTHWESTCOM0.39%$634,00040.8K
19COMMUNITY WEST BANCSHARESCOM0.31%$496,00034.7K
20CPTAUSDLOGAN RIDGE FINANCE CORPCOM0.27%$440,00027.9K
21NODKNI HOLDINGS INCCOM0.21%$335,00020.4K
22ICC HOLDINGS INCCOM0.16%$260,00016.3K
23TRCTEJON RANCH COCOM0.14%$229,00014.7K
24CLPRCLIPPER REALTY INCCOM0.11%$175,00022.7K
25BATLBATTALION OIL CORPCOM0.10%$153,00018.0K
26REVOLUTION HEALTHCARE -CW28WTS0.00%$4,00017.8K

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 ↗.