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Arbiter Partners Capital Management LLC — 13F Holdings & Portfolio

CIK 1513193 · latest 13F-HR filed 2026-08-10

Backtest portfolio

Arbiter Partners Capital Management LLC manages $189.9M in 13F-reported U.S. long-equity assets across 42 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GRAL (37.18%), GEF.B (9.54%), CRBG (5.99%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 4; 17 existing positions rose in reported value and 16 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$189.9M

Long-equity book

Holdings
42

Distinct positions

Period
2026-06-30

Filed 2026-08-10

Q/Q Activity
+3 / −4 / ↑17 / ↓16

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
GRAL37.7% · -0%GEF.B9.7% · -1%CRBG6.1% · +70%OPY3.8% · +21%SBMT3.5% · newSPNT3.1% · +21%CBL3.1% · 0%SNDA3.1% · -7%NAVI3.0% · +29%ODV2.8% · +4%GNW2.7% · +11%STXS2.6% · 0%SHG2.3% · newRNA1.9% · +14%ELE1.6% · 0%VET1.3% · 0%MTG1.3% · 0%ARVN1.3% · newLILAK1.2% · -3%TBN1.2% · 0%TFPM0.9% · 0%NMM0.9% · 0%CWBC0.7% · +19%LILA0.7% · 0%NODK0.5% · +22%WFRD0.4% · 0%OPRT0.4% · -36%AVBC0.4% · 0%LEN.B0.3% · 0%OABI0.3% · 0%MRT0.2% · +13%MTA0.1% · 0%OLN0.1% · 0%TRC0.1% · 0%GROY0.1% · 0%NICM0.1% · newMLCI0.1% · 0%VOXR0.1% · -80%BUR0.1% · 0%BTG0.1% · 0%LRE0.0% · newCLPR0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 75.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 28, 2026.

Assets Under Management
$1.25B
Discretionary
$886.2M
Employees
12
Accounts
20
Address
530 FIFTH AVENUE
20TH FLOOR
NEW YORK, NY 10036
Phone
(212) 650-4660
Website
Name Title / Status Ownership Type
HANKIN, MATTHEW, BARASCH ControlPARTNER
since Jul 2010
10–25%Individual
ISAAC, PAUL, JEROME ControlPRESIDENT, MANAGING MEMBER, AND CIO OF ARBITER PARTNERS CAPITAL MANAGEMENT, LLC
since Jan 2007
50–75%Individual
ISAAC, PAUL, JEROME ControlPRESIDENT AND MANAGING MEMBER OF BROKEN CLOCK MANGEMENT, L.L.C.
since Apr 2001
50–75%Individual
LEVIN, ROSS, BENJAMIN ControlDIRECTOR OF RESEARCH AND PARTNER
since Jan 2010
10–25%Individual
MUSHER, JOSHUA, NAHUM ControlCHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, SECRETARY AND PARTNER
since Dec 2009
10–25%Individual
Ownership & leadership changes · 7 filings with changes since Dec 19, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 12, 2025 filing
  • ChangedLEVIN, ROSS, BENJAMIN · title DIRECTOR OF RESEARCH, SECRETARY AND PARTNER → DIRECTOR OF RESEARCH AND PARTNER
  • ChangedMUSHER, JOSHUA, NAHUM · title COO, CHIEF COMPLIANCE OFFICER AND PARTNER → CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, SECRETARY AND PARTNER; ownership 5–10% → 10–25%
Mar 27, 2024 filing
  • ChangedHANKIN, MATTHEW, BARASCH · title PRINCIPAL → PARTNER; ownership 5–10% → 10–25%
  • ChangedLEVIN, ROSS, BENJAMIN · title DIRECTOR OF RESEARCH AND SECRETARY → DIRECTOR OF RESEARCH, SECRETARY AND PARTNER
  • ChangedMUSHER, JOSHUA, NAHUM · title COO & CHIEF COMPLIANCE OFFICER → COO, CHIEF COMPLIANCE OFFICER AND PARTNER; ownership Less than 5% → 5–10%
Mar 31, 2021 filing
  • ChangedHANKIN, MATTHEW, BARASCH · title RESEARCH ANALYST → PRINCIPAL
Feb 9, 2017 filing
  • ChangedHANKIN, MATTHEW, BARASCH · ownership Less than 5% → 5–10%
  • ChangedISAAC, PAUL, JEROME · ownership 75% or more → 50–75%
Apr 30, 2015 filing
  • ChangedLEVIN, ROSS, BENJAMIN · title DIRECTOR OF RESEARCH AND SECRETARY OF FORT HOOSAC MANAGEMENT, LLC AND SECRETARY OF BROKEN CLOCK MANAGEMENT, L.L.C. → DIRECTOR OF RESEARCH AND SECRETARY
  • ChangedMUSHER, JOSHUA, NAHUM · title COO & CHIEF COMPLIANCE OFFICER, FORT HOOSAC MANAGEMENT LLC → COO & CHIEF COMPLIANCE OFFICER
Mar 27, 2015 filing
  • AddedHANKIN, MATTHEW, BARASCH · RESEARCH ANALYST · Less than 5% · control person
  • ChangedISAAC, PAUL, JEROME · title PRESIDENT AND MANAGING MEMBER OF BROKEN CLOCK MANGEMENT, L.L.C. / PRESIDENT, MANAGING MEMBER, AND CIO OF FORT HOOSAC MANAGEMENT, LLC → PRESIDENT AND MANAGING MEMBER OF BROKEN CLOCK MANGEMENT, L.L.C. / PRESIDENT, MANAGING MEMBER, AND CIO OF ARBITER PARTNERS CAPITAL MANAGEMENT, LLC
Mar 27, 2013 filing
  • ChangedISAAC, PAUL, JEROME · title CEO, CIO & MANAGING MEMBER → PRESIDENT AND MANAGING MEMBER OF BROKEN CLOCK MANGEMENT, L.L.C. / PRESIDENT, MANAGING MEMBER, AND CIO OF FORT HOOSAC MANAGEMENT, LLC
  • ChangedLEVIN, ROSS, BENJAMIN · title DIRECTOR OF RESEARCH → DIRECTOR OF RESEARCH AND SECRETARY OF FORT HOOSAC MANAGEMENT, LLC AND SECRETARY OF BROKEN CLOCK MANAGEMENT, L.L.C.
  • ChangedMUSHER, JOSHUA, NAHUM · title COO & CHIEF COMPLIANCE OFFICER → COO & CHIEF COMPLIANCE OFFICER, FORT HOOSAC MANAGEMENT LLC
Dec 19, 2011 filing (earliest on record)
  • ListedISAAC, PAUL, JEROME · CEO, CIO & MANAGING MEMBER · 75% or more · control person
  • ListedLEVIN, ROSS, BENJAMIN · DIRECTOR OF RESEARCH · 10–25% · control person
  • ListedMUSHER, JOSHUA, NAHUM · COO & CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Arbiter Partners Capital Management LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 GRAIL INC GRAL 384747101 $70.6M 37.18% 1,034,297 SH
2 GREIF INC-CL B GEF.B 397624206 $18.1M 9.54% 193,771 SH
3 COREBRIDGE FINANCIAL INC CRBG 21871X109 $11.4M 5.99% 397,155 SH
4 TESLA INC Put TSLA 88160R101 $8.7M 4.56% 20,600 SH
5 OPPENHEIMER HOLDINGS-CL A OPY 683797104 $7.0M 3.70% 66,599 SH
6 SIRIUSPOINT LTD SPNT G8192H106 $5.8M 3.07% 242,532 SH
7 CBL & ASSOCIATES PROPERTIES CBL 124830878 $5.8M 3.05% 109,244 SH
8 SONIDA SENIOR LIVING INC SNDA 140475203 $5.7M 3.03% 140,897 SH
9 NAVIENT CORP NAVI 63938C108 $5.6M 2.97% 662,548 SH
10 OSISKO DEVELOPMENT CORP ODV 68828E809 $5.3M 2.80% 2,162,496 SH
11 GENWORTH FINANCIAL INC GNW 37247D106 $5.1M 2.69% 540,124 SH
12 SONIDA SENIOR LIVING INC SNDA 140475203 $5.0M 2.63% 124,286 SH
13 SHINHAN FINANCIAL GROUP-ADR SHG 824596100 $4.2M 2.24% 67,169 SH
14 ATRIUM THERAPEUTICS INC RNA 04965N104 $3.5M 1.85% 261,288 SH
15 ELEMENTAL ROYALTY CORP ELE 28620K106 $2.9M 1.55% 168,317 SH
16 VERMILION ENERGY INC VET 923725105 $2.5M 1.32% 266,738 SH
17 MGIC INVESTMENT CORP MTG 552848103 $2.5M 1.29% 87,000 SH
18 ARVINAS INC ARVN 04335A105 $2.4M 1.29% 294,594 SH
19 LIBERTY LATIN AMERIC-CL C LILAK G9001E128 $2.3M 1.23% 299,048 SH
20 TAMBORAN RESOURCES CORP TBN 87507T101 $2.2M 1.15% 67,212 SH
21 TRIPLE FLAG PRECIOUS MET TFPM 89679M104 $1.8M 0.92% 58,476 SH
22 NAVIOS MARITIME PARTNERS LP NMM Y62267409 $1.7M 0.92% 24,800 SH
23 COMMUNITY WEST BANCSHARES CWBC 203937107 $1.4M 0.74% 52,064 SH
24 LIBERTY LATIN AMERIC-CL A LILA G9001E102 $1.3M 0.68% 164,481 SH
25 NI HOLDINGS INC NODK 65342T106 $983.3K 0.52% 62,592 SH
26 WEATHERFORD INTERNATIONAL PL WFRD G48833118 $815.0K 0.43% 10,000 SH
27 ARBOR REALTY TRUST INC Put ABR 038923108 $735.5K 0.39% 135,700 SH
28 OPORTUN FINANCIAL CORP OPRT 68376D104 $697.2K 0.37% 122,106 SH
29 AVIDIA BANCORP INC AVBC 05369T100 $688.5K 0.36% 32,800 SH
30 LENNAR CORP - B SHS LEN.B 526057302 $499.3K 0.26% 5,629 SH
31 OMNIAB INC OABI 68218J103 $473.8K 0.25% 192,585 SH
32 MARTI TECHNOLOGIES INC MRT 573134103 $423.2K 0.22% 323,076 SH
33 METALLA ROYALTY & STREAMING MTA 59124U605 $258.7K 0.14% 34,000 SH
34 OLIN CORP OLN 680665205 $255.7K 0.13% 12,900 SH
35 TEJON RANCH CO TRC 879080109 $243.0K 0.13% 12,993 SH
36 GOLD ROYALTY CORP GROY 38071H106 $216.9K 0.11% 78,600 SH
37 MOUNT LOGAN CAPITAL INC MLCI 62188E103 $122.1K 0.06% 35,505 SH
38 VOX ROYALTY CORP VOXR 92919F103 $113.1K 0.06% 23,920 SH
39 BURFORD CAPITAL LTD BUR G17977110 $110.7K 0.06% 27,000 SH
40 B2GOLD CORP BTG 11777Q209 $93.5K 0.05% 25,000 SH
41 LEAD REAL ESTATE CO LTD LRE 52168R109 $85.5K 0.05% 64,752 SH
42 CLIPPER REALTY INC CLPR 18885T306 $61.5K 0.03% 22,618 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-19 $189.8M 42 0001062993-26-004507
2026-06-30 2026-08-10 $189.9M 42 0001062993-26-004109
2026-06-30 2026-09-15 $196.5M 44 0001062993-26-004959
2026-03-31 2026-05-12 $174.5M 45 0001062993-26-002509
2025-12-31 2026-02-12 $205.2M 49 0001062993-26-000828
2025-09-30 2025-11-12 $167.4M 40 0001062993-25-016665
Filer Information
Address
530 FIFTH AVENUE, 20TH FLOOR
NEW YORK, NY 10036
Phone
(212) 650-4660
Filing Manager
Arbiter Partners Capital Management LLC
NEW YORK, NY
Signatory
Paul J. Isaac
Manager