SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Arbiter Partners Capital Management LLC

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

Reported Value
$167M
Q3 2025
Positions
40
Filings on Record
33
2019–present window
Filed
Nov 12, 2025
original filing

Summary

Arbiter Partners Capital Management LLC reported $167M in U.S.-listed holdings across 40 positions for Q3 2025.

The portfolio is heavily concentrated: GRAL alone accounts for 36.6% of reported value.

Compared with Q2 2025, the fund opened 13 new positions and exited 3.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+70.0%
share of reported value
Largest Position
+36.6%
Grail
New / Exited
13 / 3
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: 84.8%Other: 5.9%REIT: 5.2%ADR: 4.1%
  • Common Stock · 84.8% · $142M
  • Other · 5.9% · $10M
  • REIT · 5.2% · $9M
  • ADR · 4.1% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSLATESLA INCNEW+32.5K32.5K+$14M$14M
ARVNARVINAS INCNEW+452.8K452.8K+$4M$4M
ABRARBOR REALTY TRUST INCNEW+315.9K315.9K+$4M$4M
0HQKCBL & ASSOCIATES PROPERTIESNEW+96.6K96.6K+$3M$3M
VETVERMILION ENERGY INCNEW+250.2K250.2K+$2M$2M
NAVINAVIENT CORPNEW+105.7K105.7K+$1M$1M
TBNTAMBORAN RESOURCES CORPNEW+49.5K49.5K+$1M$1M
AAPLAPPLE INCNEW+4.9K4.9K+$1M$1M

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

Holdings — Q3 2025

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GRALGRAIL INChistory →COM36.58%$61M1.04M
2GEF/BGREIF INC-CL Bhistory →COM7.25%$12M197.0K
3RJR1STEREOTAXIS INChistory →COM5.30%$9M2.85M
4SHGSHINHAN FINANCIAL GROUP-ADRhistory →COM4.13%$7M137.2K
5SNDASONIDA SENIOR LIVING INChistory →COM3.62%$6M218.8K
6CRBGCOREBRIDGE FINANCIAL INChistory →COM3.61%$6M188.7K
7LIBERTY LATIN AMERIC-CL CCOM2.62%$4M523.5K
8GNWGENWORTH FINANCIAL INChistory →COM2.59%$4M487.4K
9OPYOPPENHEIMER HOLDINGS-CL Ahistory →COM2.43%$4M55.0K
10ARVNARVINAS INChistory →COM2.30%$4M452.8K
11SIRIUSPOINT LTDCOM2.17%$4M200.8K
120HQKCBL & ASSOCIATES PROPERTIEShistory →COM1.76%$3M96.6K
13GOOGLALPHABET INC-CL Ahistory →COM1.74%$3M12.0K
14MTGMGIC INVESTMENT CORPhistory →COM1.25%$2M74.0K
15VETVERMILION ENERGY INChistory →COM1.17%$2M250.2K
16JBGSJBG SMITH PROPERTIEShistory →COM1.04%$2M78.2K
17TFPMTRIPLE FLAG PRECIOUS METCOM0.94%$2M54.0K
18NAVINAVIENT CORPCOM0.83%$1M105.7K
19TBNTAMBORAN RESOURCES CORPCOM0.81%$1M49.5K
20ODVOSISKO DEVELOPMENT CORPCOM0.69%$1M340.0K
21NAVIOS MARITIME PARTNERS LPCOM0.67%$1M24.8K
22EMXEMX ROYALTY CORPCOM0.63%$1M205.9K
23CWBCCOMMUNITY WEST BANCSHARESCOM0.55%$914,12643.9K
24NODKNI HOLDINGS INCCOM0.42%$696,87551.4K
25WEATHERFORD INTERNATIONAL PLCOM0.41%$684,30010.0K
26LEN/BLENNAR CORP - B SHSCOM0.40%$675,4235.6K
27DVNDEVON ENERGY CORPCOM0.27%$455,78013.0K
28SENEASENECA FOODS CORP - CL ACOM0.24%$398,2983.7K
29MRTMARTI TECHNOLOGIES INCCOM0.21%$353,277173.2K
30OABIOMNIAB INCCOM0.15%$256,846160.5K
31TRCTEJON RANCH COCOM0.13%$219,59713.7K
32BTOB2GOLD CORPCOM0.07%$123,75025.0K
33VOXRVOX ROYALTY CORPCOM0.06%$102,85623.9K
34CLPRCLIPPER REALTY INCCOM0.05%$85,94822.6K

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 ↗.