SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$88M
Q4 2023
Positions
45
Filings on Record
33
2019–present window
Filed
Feb 12, 2024
original filing

Summary

Arbiter Partners Capital Management LLC reported $88M in U.S.-listed holdings across 45 positions for Q4 2023.

Its largest position, GEF/B, represents 15.0% of the portfolio.

Compared with Q3 2023, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+14.8%
vs prior filed quarter
Top-10 Concentration
+44.0%
share of reported value
Largest Position
+15.0%
Greif
New / Exited
5 / 4
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: 68.8%REIT: 14.0%Other: 11.6%ETP: 5.1%ADR: 0.5%
  • Common Stock · 68.8% · $60M
  • REIT · 14.0% · $12M
  • Other · 11.6% · $10M
  • ETP · 5.1% · $4M
  • ADR · 0.5% · $421,068

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABRARBOR REALTY TRUST INCNEW+236.0K236.0K+$4M$4M
WDWALKER & DUNLOP INCNEW+7.5K7.5K+$832,575$832,575
FMCFMC CORPNEW+12.3K12.3K+$775,515$775,515
INVHINVITATION HOMES INCNEW+18.0K18.0K+$613,980$613,980
CD8CRESUD S.A.-SPONS ADRNEW+10.0K10.0K+$94,800$94,800
FQIDIGITAL REALTY TRUST INCADDED+34.9K59.5K+$5M$8M
TSLATESLA INCADDED+17.2K32.4K+$4M$8M
CUBECUBESMARTSOLD OUT−33.0K0−$1M$0

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

Holdings — Q4 2023

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GEF/BGREIF INC-CL Bhistory →COM14.96%$13M199.1K
2SNDASONIDA SENIOR LIVING INChistory →COM7.24%$6M508.8K
3RJR1STEREOTAXIS INChistory →COM5.49%$5M2.76M
4LIBERTY LATIN AMERIC-CL CCOM4.43%$4M531.0K
5JXNJACKSON FINANCIAL INC-Ahistory →COM4.11%$4M70.5K
6LABORATORY CRP OF AMER HLDGSCOM2.10%$2M8.1K
7CRBGCOREBRIDGE FINANCIAL INChistory →COM1.94%$2M78.5K
8GEGGREAT ELM GROUP INChistory →COM1.88%$2M851.3K
9MTGMGIC INVESTMENT CORPhistory →COM1.62%$1M74.0K
10CPTAUSDLOGAN RIDGE FINANCE CORPhistory →COM1.57%$1M61.1K
11LEN/BLENNAR CORP - B SHShistory →COM1.17%$1M7.7K
12SIRIUSPOINT LTDCOM1.13%$994,66585.7K
13OPYOPPENHEIMER HOLDINGS-CL Ahistory →COM1.08%$946,22822.9K
14FGF&G ANNUITIES & LIFE INChistory →COM1.04%$917,60819.9K
15DVNDEVON ENERGY CORPCOM0.93%$817,39318.0K
16LNCLINCOLN NATIONAL CORPCOM0.91%$795,61529.5K
17FSEAFIRST SEACOAST BANCORP INCCOM0.79%$692,10090.0K
18COMMUNITY WEST BANCSHARESCOM0.71%$620,28435.7K
19SENEBSENECA FOODS CORP - CL BCOM0.69%$602,00811.6K
20FIRST FINANCIAL NORTHWESTCOM0.46%$404,40030.0K
21SHGSHINHAN FINANCIAL GROUP-ADRCOM0.37%$326,26810.6K
22FTREFORTREA HOLDINGS INCCOM0.32%$282,6908.1K
23NODKNI HOLDINGS INCCOM0.30%$264,89220.4K
24WRKUSDWESTROCK COCOM0.30%$264,5656.4K
25TRCTEJON RANCH COCOM0.29%$253,56214.7K
26SPWHSPORTSMAN'S WAREHOUSE HOLDINCOM0.20%$175,23541.1K
27CLPRCLIPPER REALTY INCCOM0.14%$122,13722.6K
28RBKBRHINEBECK BANCORP INCCOM0.11%$100,79412.5K
29CD8CRESUD S.A.-SPONS ADRCOM0.11%$94,80010.0K

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 ↗.