SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$78M
Q3 2023
Positions
45
Filings on Record
33
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Arbiter Partners Capital Management LLC reported $78M in U.S.-listed holdings across 45 positions for Q3 2023.

Its largest position, GEF/B, represents 16.9% of the portfolio.

Compared with Q2 2023, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+54.2%
share of reported value
Largest Position
+16.9%
Greif
New / Exited
2 / 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, 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: 73.3%Other: 18.0%REIT: 5.6%ETP: 2.7%ADR: 0.4%
  • Common Stock · 73.3% · $57M
  • Other · 18.0% · $14M
  • REIT · 5.6% · $4M
  • ETP · 2.7% · $2M
  • ADR · 0.4% · $280,794

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SHGSHINHAN FINANCIAL GROUP-ADRNEW+10.6K10.6K+$280,794$280,794
FTREFORTREA HOLDINGS INCNEW+8.1K8.1K+$231,579$231,579
OPYOPPENHEIMER HOLDINGS-CL AADDED+12.9K22.9K+$475,499$877,299
TRANSOCEAN LTDSOLD OUT−163.5K0−$1M$0
AAPLAPPLE INCSOLD OUT−4.7K0−$911,659$0
BYNDBEYOND MEAT INCTRIMMED−168.9K163.5K−$3M$2M
PIEDMONT LITHIUM INCTRIMMED−10.1K10.0K−$762,971$397,000
FQIDIGITAL REALTY TRUST INCTRIMMED−24.1K24.6K−$3M$3M

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

Holdings — Q3 2023

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GEF/BGREIF INC-CL Bhistory →COM16.93%$13M199.1K
2SNDASONIDA SENIOR LIVING INChistory →COM8.19%$6M513.0K
3LIBERTY LATIN AMERIC-CL CCOM7.95%$6M762.1K
4RJR1STEREOTAXIS INChistory →COM5.41%$4M2.68M
5SPWHSPORTSMAN'S WAREHOUSE HOLDINhistory →COM3.84%$3M668.9K
6JXNJACKSON FINANCIAL INC-Ahistory →COM3.56%$3M72.9K
7GEGGREAT ELM GROUP INChistory →COM2.52%$2M921.8K
8LABORATORY CRP OF AMER HLDGSCOM2.08%$2M8.1K
9CRBGCOREBRIDGE FINANCIAL INChistory →COM1.98%$2M78.5K
10WRKUSDWESTROCK COhistory →COM1.74%$1M38.1K
11LNCLINCOLN NATIONAL CORPhistory →COM1.74%$1M55.0K
12CPTAUSDLOGAN RIDGE FINANCE CORPhistory →COM1.62%$1M61.1K
13MTGMGIC INVESTMENT CORPhistory →COM1.58%$1M74.0K
14FGF&G ANNUITIES & LIFE INChistory →COM1.51%$1M42.1K
15SIRIUSPOINT LTDCOM1.39%$1M106.7K
16NWLIEURNATIONAL WESTERN LIFE GROU-Ahistory →COM1.34%$1M2.4K
17OPYOPPENHEIMER HOLDINGS-CL Ahistory →COM1.12%$877,29922.9K
18DVNDEVON ENERGY CORPhistory →COM1.10%$860,69918.0K
19LEN/BLENNAR CORP - B SHShistory →COM1.00%$785,8427.7K
20FSEAFIRST SEACOAST BANCORP INCCOM0.85%$664,20090.0K
21SENEBSENECA FOODS CORP - CL BCOM0.80%$628,03411.6K
22COMMUNITY WEST BANCSHARESCOM0.59%$463,34035.7K
23FIRST FINANCIAL NORTHWESTCOM0.49%$381,60030.0K
24SHGSHINHAN FINANCIAL GROUP-ADRCOM0.36%$280,79410.6K
25NODKNI HOLDINGS INCCOM0.34%$262,44520.4K
26TRCTEJON RANCH COCOM0.31%$239,11514.7K
27FTREFORTREA HOLDINGS INCCOM0.30%$231,5798.1K
28CLPRCLIPPER REALTY INCCOM0.15%$117,16122.6K
29BATLBATTALION OIL CORPCOM0.14%$110,98718.0K
30RBKBRHINEBECK BANCORP INCCOM0.14%$108,49116.0K

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 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 ↗.