SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$116M
Q4 2022
Positions
47
Filings on Record
33
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Arbiter Partners Capital Management LLC reported $116M in U.S.-listed holdings across 47 positions for Q4 2022.

Its largest position, GEF/B, represents 14.4% of the portfolio.

Compared with Q3 2022, the fund opened 8 new positions and exited 0.

Portfolio Metrics

Turnover
+18.6%
vs prior filed quarter
Top-10 Concentration
+59.8%
share of reported value
Largest Position
+14.4%
Greif

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 88.6%ETP: 7.3%REIT: 2.2%Other: 1.9%
  • Common Stock · 88.6% · $103M
  • ETP · 7.3% · $9M
  • REIT · 2.2% · $3M
  • Other · 1.9% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRBGCOREBRIDGE FINANCIAL INCNEW+130.0K130.0K+$3M$3M
IBMINTL BUSINESS MACHINES CORPNEW+15.0K15.0K+$2M$2M
BHVNBIOHAVEN LTDNEW+70.0K70.0K+$971,600$971,600
RIGTRANSOCEAN LTDNEW+190.3K190.3K+$867,900$867,900
ENVIVA INCNEW+13.0K13.0K+$688,610$688,610
SICPSILVERGATE CAPITAL CORP-CL ANEW+33.4K33.4K+$581,160$581,160
MSFTMICROSOFT CORPNEW+1.9K1.9K+$443,907$443,907
COINCOINBASE GLOBAL INC -CLASS ANEW+10.9K10.9K+$385,751$385,751

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

Holdings — Q4 2022

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GEF/BGREIF INC-CL Bhistory →COM14.44%$17M213.8K
2LILABLIBERTY LATIN AMERIC-CL CCOM9.42%$11M1.44M
3LEN/BLENNAR CORP - B SHShistory →COM6.14%$7M95.1K
4SNDASONIDA SENIOR LIVING INChistory →COM5.50%$6M509.3K
5SPWHSPORTSMAN'S WAREHOUSE HOLDINhistory →COM5.43%$6M668.9K
6NATIONAL WESTERN LIFE GROU-ACOM4.86%$6M20.0K
7STXSSTEREOTAXIS INChistory →COM4.60%$5M2.57M
8JXNJACKSON FINANCIAL INC-Ahistory →COM4.52%$5M150.4K
9WESTROCK COCOM2.63%$3M86.8K
10CRBGCOREBRIDGE FINANCIAL INChistory →COM2.25%$3M130.0K
11GEGGREAT ELM GROUP INChistory →COM1.66%$2M949.9K
12DVNDEVON ENERGY CORPhistory →COM1.15%$1M21.7K
13FCNCAFIRST CITIZENS BCSHS -CL Ahistory →COM1.13%$1M1.7K
14SPNTSIRIUSPOINT LTDCOM0.91%$1M179.2K
15BHVNBIOHAVEN LTDCOM0.84%$971,60070.0K
16LNCLINCOLN NATIONAL CORPCOM0.77%$890,88029.0K
17MTGMGIC INVESTMENT CORPCOM0.75%$871,00067.0K
18RIGTRANSOCEAN LTDCOM0.75%$867,900190.3K
19SENEBSENECA FOODS CORP - CL BCOM0.73%$840,44013.8K
20ESABESAB CORPCOM0.65%$751,98716.0K
21LOGAN RIDGE FINANCE CORPCOM0.54%$623,03127.9K
22BCICPORTMAN RIDGE FINANCE CORPCOM0.52%$607,89026.4K
23COMMUNITY WEST BANCSHARESCOM0.45%$518,99534.7K
24FIRST FINANCIAL NORTHWESTCOM0.39%$449,40030.0K
25MSFTMICROSOFT CORPCOM0.38%$443,9071.9K
26OPYOPPENHEIMER HOLDINGS-CL ACOM0.37%$423,30010.0K
27TRCTEJON RANCH COCOM0.24%$277,73914.7K
28NODKNI HOLDINGS INCCOM0.23%$270,60220.4K
29BATLBATTALION OIL CORPCOM0.15%$174,38218.0K
30CLPRCLIPPER REALTY INCCOM0.13%$145,33122.7K
31REVOLUTION HEALTHCARE -CW28WTS0.00%$1117.8K

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 ↗.