SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$114M
Q2 2025
Positions
30
Filings on Record
33
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Arbiter Partners Capital Management LLC reported $114M in U.S.-listed holdings across 30 positions for Q2 2025.

The portfolio is heavily concentrated: GRAL alone accounts for 47.0% of reported value.

Compared with Q1 2025, the fund opened 0 new positions and exited 4.

Portfolio Metrics

Turnover
+30.4%
vs prior filed quarter
Top-10 Concentration
+88.1%
share of reported value
Largest Position
+47.0%
Grail

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: 90.3%Other: 6.9%ADR: 1.6%REIT: 1.3%
  • Common Stock · 90.3% · $103M
  • Other · 6.9% · $8M
  • ADR · 1.6% · $2M
  • REIT · 1.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGLALPHABET INC-CL AADDED+15.4K16.9K+$3M$3M
JBGSJBG SMITH PROPERTIESADDED+53.2K78.2K+$950,265$1M
EMXEMX ROYALTY CORPADDED+103.0K205.9K+$308,999$518,905
TSLATESLA INCSOLD OUT−205.9K0−$53M$0
ABRARBOR REALTY TRUST INCSOLD OUT−241.8K0−$3M$0
VETVERMILION ENERGY INCSOLD OUT−216.2K0−$2M$0
FSEAFIRST SEACOAST BANCORP INCSOLD OUT−90.0K0−$1M$0
BURFORD CAPITAL LTDTRIMMED−63.2K14.8K−$2M$487,404

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

Holdings — Q2 2025

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GRALGRAIL INChistory →COM46.99%$53M1.04M
2GEF/BGREIF INC-CL Bhistory →COM11.97%$14M197.0K
3CRBGCOREBRIDGE FINANCIAL INChistory →COM5.90%$7M188.7K
4RJR1STEREOTAXIS INChistory →COM5.33%$6M2.85M
5SNDASONIDA SENIOR LIVING INChistory →COM4.92%$6M225.3K
6SIRIUSPOINT LTDCOM3.61%$4M200.8K
7OPYOPPENHEIMER HOLDINGS-CL Ahistory →COM3.18%$4M55.0K
8LIBERTY LATIN AMERIC-CL CCOM2.85%$3M523.5K
9GNWGENWORTH FINANCIAL INChistory →COM2.37%$3M346.4K
10GOOGLALPHABET INC-CL Ahistory →COM1.86%$2M12.0K
11MTGMGIC INVESTMENT CORPhistory →COM1.81%$2M74.0K
12SHGSHINHAN FINANCIAL GROUP-ADRhistory →COM1.58%$2M39.6K
13JBGSJBG SMITH PROPERTIEShistory →COM1.19%$1M78.2K
14TFPMTRIPLE FLAG PRECIOUS METhistory →COM1.13%$1M54.0K
15CWBCCOMMUNITY WEST BANCSHARESCOM0.75%$855,78643.9K
16SENEASENECA FOODS CORP - CL ACOM0.63%$718,5187.1K
17NODKNI HOLDINGS INCCOM0.58%$654,73451.4K
18LEN/BLENNAR CORP - B SHSCOM0.52%$592,4525.6K
19EMXEMX ROYALTY CORPCOM0.46%$518,905205.9K
20BURFORD CAPITAL LTDCOM0.43%$487,40414.8K
21DVNDEVON ENERGY CORPCOM0.36%$413,53013.0K
22INBXINHIBRX BIOSCIENCES INCCOM0.25%$281,96019.8K
23TRCTEJON RANCH COCOM0.21%$233,06413.7K
24MRTMARTI TECHNOLOGIES INCCOM0.18%$199,83566.0K
25BTOB2GOLD CORPCOM0.08%$90,25025.0K
26CLPRCLIPPER REALTY INCCOM0.07%$83,00822.6K
27ODVOSISKO DEVELOPMENT CORPCOM0.04%$42,80020.0K

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 ↗.