Arbiter Partners Capital Management
NEW YORK, NYfiles as Arbiter Partners Capital Management LLC
$361m in 40 US stocks at the end of 30 June 2026. The top 10 are 79.3% of the money. It changed about 12.3% of the portfolio this quarter.
Value
$361m
Stocks
40
Top 10 share
79.3%
Turnover
12.3%
What changed this quarter
New
Bought for the first time this quarter.
- Shinhan Financial Group CO LSHG2.4% of the fund
- ArvinasARVN1.4% of the fund
- Lead Real EstateLRE<0.1% of the fund
Added
Bought more of a stock they already held.
- GrailGRAL39.1% of the fund+100%
- GreifGEF-B10.0% of the fund+99%
- Corebridge FinancialCRBG6.3% of the fund+240%
- Sonida Senior LivingSNDA4.5% of the fund+166%
- Oppenheimer HoldingsOPY3.9% of the fund+142%
- SiriusPointSPNT3.2% of the fund+142%
- CBL & Associates PropertiesCBL3.2% of the fund+100%
- NavientNAVI3.1% of the fund+159%
- Osisko Development2.9% of the fund+107%
- Genworth FinancialGNW2.8% of the fund+122%
- Atrium TherapeuticsRNA1.9% of the fund+127%
- Elemental RoyaltyELE1.6% of the fund+100%
- Vermilion EnergyVET1.4% of the fund+100%
- Mgic InvestmentMTG1.4% of the fund+100%
- Liberty Latin AmericaLILAK1.3% of the fund+94%
- Tamboran ResourcesTBN1.2% of the fund+100%
- Triple Flag Precious MetalsTFPM1.0% of the fund+100%
- Navios Maritime Partners LPNMM1.0% of the fund+100%
- Community West BancsharesCWBC0.8% of the fund+137%
- Liberty Latin AmericaLILA0.7% of the fund+100%
- NI HoldingsNODK0.5% of the fund+144%
- Weatherford InternationalWFRD0.5% of the fund+100%
- Oportun FinancialOPRT0.4% of the fund+27%
- Avidia BancorpAVBC0.4% of the fund+100%
- LennarLEN-B0.3% of the fund+100%
Cut
Sold some of their stake.
- VOX RoyaltyVOXR<0.1% of the fund-61%
Sold out
Sold their entire stake.
- MicrosoftMSFT-100%
- AlphabetGOOGL-100%
- Devon EnergyDVN-100%
Holdings
- Osisko Development
- Share
- 2.9%
- Value
- $11m
- Shares
- 4,324,992
+107%
- Shinhan Financial Group CO LSHG
- Share
- 2.4%
- Value
- $8m
- Shares
- 134,338
New
- Atrium TherapeuticsRNA
- Share
- 1.9%
- Value
- $7m
- Shares
- 522,576
+127%
- Elemental RoyaltyELE
- Share
- 1.6%
- Value
- $6m
- Shares
- 336,634
+100%
- Vermilion EnergyVET
- Share
- 1.4%
- Value
- $5m
- Shares
- 533,476
+100%
- Triple Flag Precious MetalsTFPM
- Share
- 1.0%
- Value
- $4m
- Shares
- 116,952
+100%
- Navios Maritime Partners LPNMM
- Share
- 1.0%
- Value
- $3m
- Shares
- 49,600
+100%
- Metalla Royalty & StreamingMTA
- Share
- 0.1%
- Value
- $517,480
- Shares
- 68,000
+100%
- VOX RoyaltyVOXR
- Share
- <0.1%
- Value
- $226,284
- Shares
- 47,840
-61%
- B2goldBTG
- Share
- <0.1%
- Value
- $187,000
- Shares
- 50,000
+100%
- Lead Real EstateLRE
- Share
- <0.1%
- Value
- $170,946
- Shares
- 129,504
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| GrailGRAL | 39.1% | $141m | 2,068,594 | +100% |
| GreifGEF-B | 10.0% | $36m | 387,542 | +99% |
| Corebridge FinancialCRBG | 6.3% | $23m | 794,310 | +240% |
| Sonida Senior LivingSNDA | 4.5% | $16m | 404,282 | +166% |
| Oppenheimer HoldingsOPY | 3.9% | $14m | 133,198 | +142% |
| SiriusPointSPNT | 3.2% | $12m | 485,064 | +142% |
| CBL & Associates PropertiesCBL | 3.2% | $12m | 218,488 | +100% |
| NavientNAVI | 3.1% | $11m | 1,325,096 | +159% |
| Osisko Development | 2.9% | $11m | 4,324,992 | +107% |
| Genworth FinancialGNW | 2.8% | $10m | 1,080,248 | +122% |
| Shinhan Financial Group CO LSHG | 2.4% | $8m | 134,338 | New |
| Atrium TherapeuticsRNA | 1.9% | $7m | 522,576 | +127% |
| Elemental RoyaltyELE | 1.6% | $6m | 336,634 | +100% |
| Vermilion EnergyVET | 1.4% | $5m | 533,476 | +100% |
| StereotaxisSTXS | 1.4% | $5m | 2,883,856 | Held |
| Mgic InvestmentMTG | 1.4% | $5m | 174,000 | +100% |
| ArvinasARVN | 1.4% | $5m | 589,188 | New |
| Liberty Latin AmericaLILAK | 1.3% | $5m | 598,096 | +94% |
| Tamboran ResourcesTBN | 1.2% | $4m | 134,424 | +100% |
| Triple Flag Precious MetalsTFPM | 1.0% | $4m | 116,952 | +100% |
| Navios Maritime Partners LPNMM | 1.0% | $3m | 49,600 | +100% |
| Community West BancsharesCWBC | 0.8% | $3m | 104,128 | +137% |
| Liberty Latin AmericaLILA | 0.7% | $3m | 328,962 | +100% |
| NI HoldingsNODK | 0.5% | $2m | 125,184 | +144% |
| Weatherford InternationalWFRD | 0.5% | $2m | 20,000 | +100% |
| Oportun FinancialOPRT | 0.4% | $1m | 244,212 | +27% |
| Avidia BancorpAVBC | 0.4% | $1m | 65,600 | +100% |
| LennarLEN-B | 0.3% | $998,698 | 11,258 | +100% |
| OmniAbOABI | 0.3% | $947,518 | 385,170 | +100% |
| Marti TechnologiesMRT | 0.2% | $846,460 | 646,152 | +126% |
| Metalla Royalty & StreamingMTA | 0.1% | $517,480 | 68,000 | +100% |
| OlinOLN | 0.1% | $511,356 | 25,800 | +100% |
| Tejon RanchTRC | 0.1% | $485,940 | 25,986 | +100% |
| Gold RoyaltyGROY | 0.1% | $433,872 | 157,200 | +100% |
| Mount Logan CapitalMLCI | <0.1% | $244,276 | 71,010 | +100% |
| VOX RoyaltyVOXR | <0.1% | $226,284 | 47,840 | -61% |
| Burford CapitalBUR | <0.1% | $221,400 | 54,000 | +100% |
| B2goldBTG | <0.1% | $187,000 | 50,000 | +100% |
| Lead Real EstateLRE | <0.1% | $170,946 | 129,504 | New |
| Clipper RealtyCLPR | <0.1% | $123,042 | 45,236 | +100% |
Options (2)
- TeslaTSLA
- Type
- Put
- Value
- $17m
- Contracts
- 41,200
- Arbor Realty TrustABR
- Type
- Put
- Value
- $1m
- Contracts
- 271,400
| Company | Type | Value | Contracts |
|---|---|---|---|
| TeslaTSLA | Put | $17m | 41,200 |
| Arbor Realty TrustABR | Put | $1m | 271,400 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 220.2% since 30 June 2025.
Where the money is
Health care48.6%
Financial services23.9%
Industrials10.0%
Real estate3.4%
Energy3.0%
Materials2.1%
Media & telecom2.0%
Retail & consumer0.5%
Other6.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.