SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$107M
Q1 2023
Positions
43
Filings on Record
33
2019–present window
Filed
May 10, 2023
original filing

Summary

Arbiter Partners Capital Management LLC reported $107M in U.S.-listed holdings across 43 positions for Q1 2023.

Its largest position, GEF/B, represents 15.1% of the portfolio.

Compared with Q4 2022, the fund opened 6 new positions and exited 10.

Portfolio Metrics

Turnover
+20.8%
vs prior filed quarter
Top-10 Concentration
+57.3%
share of reported value
Largest Position
+15.1%
Greif
New / Exited
6 / 10
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: 71.4%Other: 16.5%ETP: 6.8%ADR: 3.0%REIT: 2.3%
  • Common Stock · 71.4% · $76M
  • Other · 16.5% · $18M
  • ETP · 6.8% · $7M
  • ADR · 3.0% · $3M
  • REIT · 2.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVONOVO-NORDISK A/S-SPONS ADRNEW+20.0K20.0K+$3M$3M
NOBLE CORP PLCNEW+50.0K50.0K+$2M$2M
FGF&G ANNUITIES & LIFE INCNEW+108.1K108.1K+$2M$2M
PIEDMONT LITHIUM INCNEW+30.1K30.1K+$2M$2M
SUSUNCOR ENERGY INCNEW+20.0K20.0K+$621,000$621,000
RBKBRHINEBECK BANCORP INCNEW+11.2K11.2K+$85,604$85,604
BYNDBEYOND MEAT INCADDED+263.4K438.6K+$5M$7M
ARK INNOVATION ETFADDED+108.3K180.6K+$5M$7M

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

Holdings — Q1 2023

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GEF/BGREIF INC-CL Bhistory →COM15.13%$16M211.6K
2LIBERTY LATIN AMERIC-CL CCOM11.10%$12M1.44M
3SNDASONIDA SENIOR LIVING INChistory →COM5.99%$6M513.0K
4SPWHSPORTSMAN'S WAREHOUSE HOLDINhistory →COM5.30%$6M668.9K
5RJR1STEREOTAXIS INChistory →COM4.90%$5M2.57M
6JXNJACKSON FINANCIAL INC-Ahistory →COM4.80%$5M137.4K
7NWLIEURNATIONAL WESTERN LIFE GROU-Ahistory →COM4.54%$5M20.0K
8WRKUSDWESTROCK COhistory →COM2.47%$3M86.8K
9CRBGCOREBRIDGE FINANCIAL INChistory →COM2.24%$2M150.0K
10MTGMGIC INVESTMENT CORPhistory →COM2.09%$2M167.0K
11GEGGREAT ELM GROUP INChistory →COM1.98%$2M934.1K
12LEN/BLENNAR CORP - B SHShistory →COM1.91%$2M22.9K
13FGF&G ANNUITIES & LIFE INChistory →COM1.83%$2M108.1K
14CPTAUSDLOGAN RIDGE FINANCE CORPhistory →COM1.19%$1M61.1K
15TRANSOCEAN LTDCOM1.13%$1M190.3K
16FCNCAFIRST CITIZENS BCSHS -CL ACOM0.91%$973,1001.0K
17BIOHAVEN LTDCOM0.89%$956,20070.0K
18DVNDEVON ENERGY CORPCOM0.85%$913,20718.0K
19SIRIUSPOINT LTDCOM0.81%$867,853106.7K
20SENEBSENECA FOODS CORP - CL BCOM0.69%$736,21913.8K
21LNCLINCOLN NATIONAL CORPCOM0.61%$651,63029.0K
22COMMUNITY WEST BANCSHARESCOM0.41%$438,56334.7K
23OPYOPPENHEIMER HOLDINGS-CL ACOM0.37%$391,50010.0K
24FIRST FINANCIAL NORTHWESTCOM0.36%$383,10030.0K
25TRCTEJON RANCH COCOM0.25%$269,33614.7K
26NODKNI HOLDINGS INCCOM0.25%$265,09620.4K
27BCICPORTMAN RIDGE FINANCE CORPCOM0.20%$216,46710.5K
28CLPRCLIPPER REALTY INCCOM0.12%$130,34422.7K
29BATLBATTALION OIL CORPCOM0.11%$117,99118.0K
30RBKBRHINEBECK BANCORP INCCOM0.08%$85,60411.2K

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 2 additional managers.

  • Broken Clock Management LLC
  • Arbiter Partners QP LP

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 ↗.