SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$138M
Q1 2025
Positions
34
Filings on Record
33
2019–present window
Filed
May 13, 2025
original filing

Summary

Arbiter Partners Capital Management LLC reported $138M in U.S.-listed holdings across 34 positions for Q1 2025.

Its largest position, GRAL, represents 18.9% of the portfolio.

Compared with Q4 2024, the fund opened 9 new positions and exited 4.

Portfolio Metrics

Turnover
+13.0%
vs prior filed quarter
Top-10 Concentration
+49.8%
share of reported value
Largest Position
+18.9%
Grail
New / Exited
9 / 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: 90.5%Other: 6.5%REIT: 2.4%ADR: 0.6%
  • Common Stock · 90.5% · $125M
  • Other · 6.5% · $9M
  • REIT · 2.4% · $3M
  • ADR · 0.6% · $821,248

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VETVERMILION ENERGY INCNEW+216.2K216.2K+$2M$2M
GNWGENWORTH FINANCIAL INCNEW+242.0K242.0K+$2M$2M
TFPMTRIPLE FLAG PRECIOUS METNEW+54.0K54.0K+$1M$1M
CWBCCOMMUNITY WEST BANCSHARESNEW+50.7K50.7K+$937,657$937,657
JBGSJBG SMITH PROPERTIESNEW+25.0K25.0K+$402,750$402,750
GOOGLALPHABET INC-CL ANEW+1.5K1.5K+$231,960$231,960
EMXEMX ROYALTY CORPNEW+102.9K102.9K+$209,906$209,906
BTOB2GOLD CORPNEW+25.0K25.0K+$71,250$71,250

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

Holdings — Q1 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GRALGRAIL INChistory →COM18.92%$26M1.03M
2GEF/BGREIF INC-CL Bhistory →COM8.44%$12M197.0K
3SNDASONIDA SENIOR LIVING INChistory →COM5.40%$7M321.0K
4CRBGCOREBRIDGE FINANCIAL INChistory →COM4.16%$6M182.2K
5RJR1STEREOTAXIS INChistory →COM3.63%$5M2.85M
6SIRIUSPOINT LTDCOM2.68%$4M214.3K
7OPYOPPENHEIMER HOLDINGS-CL Ahistory →COM2.37%$3M55.0K
8LIBERTY LATIN AMERIC-CL CCOM2.36%$3M523.5K
9MTGMGIC INVESTMENT CORPhistory →COM1.33%$2M74.0K
10VETVERMILION ENERGY INChistory →COM1.27%$2M216.2K
11GNWGENWORTH FINANCIAL INChistory →COM1.24%$2M242.0K
12FSEAFIRST SEACOAST BANCORP INCCOM0.76%$1M90.0K
13TFPMTRIPLE FLAG PRECIOUS METCOM0.75%$1M54.0K
14PAGSEGURO DIGITAL LTD-CL ACOM0.74%$1M39.0K
15NAVIOS MARITIME PARTNERS LPCOM0.74%$1M39.0K
16SENEBSENECA FOODS CORP - CL BCOM0.68%$945,39010.5K
17CWBCCOMMUNITY WEST BANCSHARESCOM0.68%$937,65750.7K
18SHGSHINHAN FINANCIAL GROUP-ADRCOM0.59%$821,24825.6K
19NODKNI HOLDINGS INCCOM0.53%$732,85051.4K
20LEN/BLENNAR CORP - B SHSCOM0.44%$613,9555.6K
21DVNDEVON ENERGY CORPCOM0.35%$486,20013.0K
22JBGSJBG SMITH PROPERTIESCOM0.29%$402,75025.0K
23INBXINHIBRX BIOSCIENCES INCCOM0.28%$393,04928.1K
24GOOGLALPHABET INC-CL ACOM0.17%$231,9601.5K
25TRCTEJON RANCH COCOM0.16%$217,81113.7K
26EMXEMX ROYALTY CORPCOM0.15%$209,906102.9K
27MRTMARTI TECHNOLOGIES INCCOM0.15%$205,11166.0K
28CLPRCLIPPER REALTY INCCOM0.06%$86,85322.6K
29BTOB2GOLD CORPCOM0.05%$71,25025.0K
30ODVOSISKO DEVELOPMENT CORPCOM0.02%$29,80020.0K

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 ↗.