Arbiter Partners Capital Management LLC

NEW YORK, NY · CIK 1513193 · 13F filing filed 2026-08-10

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$1.3bn
Staff12 · 7 in investment roles
Main clients (by assets)Private funds 46%, High net worth individuals 34%, Charities 12%
Private funds6 (6 hedge) · $678.3m gross assets
Websitearbiterpartners.net
Form ADV · 2026-04-28SEC adviser record

Legal entityARBITER PARTNERS CAPITAL MANAGEMENT, LLC (US)

Other 13F filers in this group: Arbiter Partners QP, LP files a notice

Kindhedge funds
Others nearbyNew York, NY
FamilyArbiter Partners Capital Management LLC · 2 related pages

As an employer

Offices in1 country
Private fundshedge 6

$360.9m reported value +144.8% vs Q1 2026

40positions

79.3%in top 10

3 new 35 added 1 reduced 3 sold out vs Q1 2026

Options: 0 call positions (— notional), 2 put positions ($18.8m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Arbiter Partners QP LP – no 13F of its own this quarter
Broken Clock Management LLC – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	GRAIL INC COM GRAL	GRAL	2,068,594	$141.2m39.13%	39.13%	Added +1.0m	+1,033,997 99.9%
2	GREIF INC CL B GEF.B	GEF.B	387,542	$36.3m10.04%	10.04%	Added +192.5k	+192,509 98.7%
3	COREBRIDGE FINL INC COM CRBG	CRBG	794,310	$22.7m6.30%	6.30%	Added +560.7k	+560,655 239.9%
4	SONIDA SENIOR LIVING INC COM SNDA	SNDA	404,282	$16.4m4.55%	4.55%	Added +252.1k	+252,051 165.6%
5	OPPENHEIMER HLDGS INC CL A NON VTG OPY	OPY	133,198	$14.1m3.90%	3.90%	Added +78.2k	+78,199 142.2%
6	SIRIUSPOINT LTD COM SPNT	SPNT	485,064	$11.6m3.23%	3.23%	Added +284.2k	+284,232 141.5%
7	CBL & ASSOC PPTYS INC COMMON STOCK CBL	CBL	218,488	$11.6m3.21%	3.21%	Added +109.2k	+109,244 100.0%
8	NAVIENT CORPORATION COM NAVI	NAVI	1,325,096	$11.3m3.12%	3.12%	Added +812.5k	+812,548 158.5%
9	OSISKO DEVELOPMENT CORP COM NEW COM NEW		4,324,992	$10.6m2.95%	2.95%	Added +2.2m	+2,237,496 107.2%
10	GENWORTH FINL INC COM SHS GNW	GNW	1,080,248	$10.2m2.83%	2.83%	Added +592.8k	+592,848 121.6%
11	SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD SHG	SHG	134,338	$8.5m2.35%	2.35%	New
12	ATRIUM THERAPEUTICS INC COM RNA	RNA	522,576	$7.0m1.95%	1.95%	Added +292.6k	+292,576 127.2%
13	ELEMENTAL RTY CORP COM NEW ELE	ELE	336,634	$5.9m1.63%	1.63%	Added +168.3k	+168,317 100.0%
14	VERMILION ENERGY INC COM VET	VET	533,476	$5.0m1.39%	1.39%	Added +266.7k	+266,738 100.0%
15	STEREOTAXIS INC COM NEW STXS	STXS	2,883,856	$5.0m1.37%	1.37%	Unchanged
16	MGIC INVT CORP WIS COM MTG	MTG	174,000	$4.9m1.36%	1.36%	Added +87.0k	+87,000 100.0%
17	ARVINAS INC COM ARVN	ARVN	589,188	$4.9m1.36%	1.36%	New
18	LIBERTY LATIN AMERICA LTD COM CL C LILAK	LILAK	598,096	$4.7m1.29%	1.29%	Added +289.0k	+289,048 93.5%
19	TAMBORAN RES CORP COM TBN	TBN	134,424	$4.4m1.21%	1.21%	Added +67.2k	+67,212 100.0%
20	TRIPLE FLAG PRECIOUS METAL COM TFPM	TFPM	116,952	$3.5m0.97%	0.97%	Added +58.5k	+58,476 100.0%
21	NAVIOS MARITIME PARTNERS L P COM UNIT LPI NMM	NMM	49,600	$3.5m0.96%	0.96%	Added +24.8k	+24,800 100.0%
22	COMMUNITY WEST BANCSHARES NE COM CWBC	CWBC	104,128	$2.8m0.77%	0.77%	Added +60.3k	+60,264 137.4%
23	LIBERTY LATIN AMERICA LTD COM CL A LILA	LILA	328,962	$2.6m0.71%	0.71%	Added +164.5k	+164,481 100.0%
24	NI HLDGS INC COM NODK	NODK	125,184	$2.0m0.54%	0.54%	Added +73.8k	+73,792 143.6%
25	WEATHERFORD INTL PLC ORD SHS WFRD	WFRD	20,000	$1.6m0.45%	0.45%	Added +10.0k	+10,000 100.0%
26	OPORTUN FINL CORP COM OPRT	OPRT	244,212	$1.4m0.39%	0.39%	Added +52.1k	+52,106 27.1%
27	AVIDIA BANCORP INC COMMON STOCK AVBC	AVBC	65,600	$1.4m0.38%	0.38%	Added +32.8k	+32,800 100.0%
28	LENNAR CORP CL B LEN.B	LEN.B	11,258	$998.7k0.28%	0.28%	Added +5.6k	+5,629 100.0%
29	OMNIAB INC COM OABI	OABI	385,170	$947.5k0.26%	0.26%	Added +192.6k	+192,585 100.0%
30	MARTI TECHNOLOGIES INC SHS CL A MRT	MRT	646,152	$846.5k0.23%	0.23%	Added +359.9k	+359,898 125.7%
31	METALLA RTY & STREAMING LTD COM NEW MTA	MTA	68,000	$517.5k0.14%	0.14%	Added +34.0k	+34,000 100.0%
32	OLIN CORP COM PAR $1 OLN	OLN	25,800	$511.4k0.14%	0.14%	Added +12.9k	+12,900 100.0%
33	TEJON RANCH CO COM TRC	TRC	25,986	$485.9k0.13%	0.13%	Added +13.0k	+12,993 100.0%
34	GOLD ROYALTY CORP COMMON SHARES GROY	GROY	157,200	$433.9k0.12%	0.12%	Added +78.6k	+78,600 100.0%
35	MOUNT LOGAN CAP INC COM MLCI	MLCI	71,010	$244.3k0.07%	0.07%	Added +35.5k	+35,505 100.0%
36	VOX ROYALTY CORP COM VOXR	VOXR	47,840	$226.3k0.06%	0.06%	Reduced -74.1k	-74,080 -60.8%
37	BURFORD CAP LTD ORD SHS BUR	BUR	54,000	$221.4k0.06%	0.06%	Added +27.0k	+27,000 100.0%
38	B2GOLD CORP COM BTG	BTG	50,000	$187.0k0.05%	0.05%	Added +25.0k	+25,000 100.0%
39	LEAD REAL ESTATE CO LTD SPON ADS LRE	LRE	129,504	$170.9k0.05%	0.05%	New
40	CLIPPER RLTY INC COM CLPR	CLPR	45,236	$123.0k0.03%	0.03%	Added +22.6k	+22,618 100.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MICROSOFT CORP MSFT	MSFT	2,000	$740.3k2.0k shares
ALPHABET INC GOOGL	GOOGL	2,500	$718.9k2.5k shares
DEVON ENERGY CORP NEW DVN	DVN	4,000	$201.3k4.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TESLA INC TSLA · Put	TSLA	Put	41,200	$17.3m41.2k shares	Reduced
ARBOR REALTY TRUST INC ABR · Put	ABR	Put	271,400	$1.5m271.4k shares	Reduced