Arbiter Partners Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed September 15, 2026), Arbiter Partners Capital Management LLC reported 42 stock positions worth $187.1 million. Its top holding was Grail (GRAL) at 37.7% of the portfolio, followed by Greif Class B (GEF.B, 9.7%) and Corebridge Financial (CRBG, 6.1%). Compared with Q1 2026, it opened 5 new positions, sold out of 3, added to 10 and reduced 6. The biggest buy was a new position in Silver Bow Mining (SBMT) and the biggest sale Greif Class B (GEF.B, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001513193
- Portfolio Value
- $187.1M (Q2 2026)
- SEC Filing
- 0001062993-26-004959 ↗ filed Sep 15, 2026
Holdings Value
Holdings 42 stocks · $187.1M
| GRAL Grail Inc. | 37.73% | 1,034,297 | $70.6M | Reduce -0.0% |
| GEF.B Greif Inc. Class B | 9.69% | 193,771 | $18.1M | Reduce -0.7% |
| CRBG Corebridge Financial Inc. | 6.08% | 397,155 | $11.4M | Add +70.0% |
| OPY Oppenheimer Holdings Class A | 3.76% | 66,599 | $7.0M | Add +21.1% |
| SBMT Silver Bow Mining Corp. | 3.46% | 958,010 | $6.5M | New |
| SPNT Siriuspoint Ltd. | 3.11% | 242,532 | $5.8M | Add +20.8% |
| CBL CBL & Associates Properties | 3.10% | 109,244 | $5.8M | No change |
| SNDA Sonida Senior Living Inc. | 3.07% | 140,897 | $5.7M | Reduce -7.5% |
| NAVI Navient Corp. | 3.01% | 662,548 | $5.6M | Add +29.3% |
| OSISKO DEVELOPMENT CORP | 2.84% | 2,162,496 | $5.3M | Add +3.6% |
| GNW Genworth Financial Inc. | 2.73% | 540,124 | $5.1M | Add +10.8% |
| STXS Stereotaxis Inc. | 2.65% | 2,883,856 | $5.0M | No change |
| SHG Shinhan Financial Group-ADR | 2.27% | 67,169 | $4.2M | New |
| RNA Atrium Therapeutics Inc. | 1.88% | 261,288 | $3.5M | Add +13.6% |
| ELE Elemental Royalty Corp. | 1.57% | 168,317 | $2.9M | No change |
| VET Vermilion Energy Inc. | 1.34% | 266,738 | $2.5M | No change |
| MTG Mgic Investment Corp. | 1.31% | 87,000 | $2.5M | No change |
| ARVN Arvinas Inc. | 1.31% | 294,594 | $2.4M | New |
| LILAK Liberty Latin Americ Class C | 1.24% | 299,048 | $2.3M | Reduce -3.2% |
| TBN Tamboran Resources Corp. | 1.17% | 67,212 | $2.2M | No change |
| TFPM Triple Flag Precious Met | 0.94% | 58,476 | $1.8M | No change |
| NMM Navios Maritime Partners LP | 0.93% | 24,800 | $1.7M | No change |
| CWBC Community West Bancshares | 0.75% | 52,064 | $1.4M | Add +18.7% |
| LILA Liberty Latin Americ Class A | 0.69% | 164,481 | $1.3M | No change |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 0.53% | 62,592 | $983K | Add +21.8% |
| WFRD Weatherford International PL | 0.44% | 10,000 | $815K | No change |
| OPRT Oportun Financial Corp. | 0.37% | 122,106 | $697K | Reduce -36.4% |
| AVBC Avidia Bancorp Inc. | 0.37% | 32,800 | $688K | No change |
| LEN.B Lennar Corp. Class B | 0.27% | 5,629 | $499K | No change |
| OABI Omniab Inc. | 0.25% | 192,585 | $474K | No change |
| MRT Marti Technologies Inc. | 0.23% | 323,076 | $423K | Add +12.9% |
| MTA Metalla Royalty & Streaming | 0.14% | 34,000 | $259K | No change |
| OLN Olin Corp. | 0.14% | 12,900 | $256K | No change |
| TRC Tejon Ranch Co. | 0.13% | 12,993 | $243K | No change |
| GROY Gold Royalty Corp. | 0.12% | 78,600 | $217K | No change |
| NICM Nicola Mining Inc. | 0.10% | 31,193 | $196K | New |
| MLCI Mount Logan Capital Inc. | 0.07% | 35,505 | $122K | No change |
| VOXR Vox Royalty Corp. | 0.06% | 23,920 | $113K | Reduce -80.4% |
| BUR Burford Capital Ltd. | 0.06% | 27,000 | $111K | No change |
| BTG B2GOLD Corp. | 0.05% | 25,000 | $94K | No change |
| LRE Lead Real Estate Co. Ltd. | 0.05% | 64,752 | $85K | New |
| CLPR Clipper Realty Inc. | 0.03% | 22,618 | $62K | No change |
Options reported separately and not counted above: TSLA puts ($8.7M), ABR puts ($735K).
Portfolio Sells Q1 2026 → Q2 2026
| GEF.B Greif Inc. Class B | Reduce -0.7% | 9.69% | −1.90 |
| LILAK Liberty Latin Americ Class C | Reduce -3.2% | 1.24% | −0.60 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.50 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.49 |
| VOXR Vox Royalty Corp. | Reduce -80.4% | 0.06% | −0.37 |
| OPRT Oportun Financial Corp. | Reduce -36.4% | 0.37% | −0.23 |
| SNDA Sonida Senior Living Inc. | Reduce -7.5% | 3.07% | −0.22 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.14 |
| GRAL Grail Inc. | Reduce -0.0% | 37.73% | +1.46 |
Portfolio Buys Q1 2026 → Q2 2026
| SBMT Silver Bow Mining Corp. | New | 3.46% | +3.46 |
| CRBG Corebridge Financial Inc. | Add +70.0% | 6.08% | +2.29 |
| SHG Shinhan Financial Group-ADR | New | 2.27% | +2.27 |
| ARVN Arvinas Inc. | New | 1.31% | +1.31 |
| OPY Oppenheimer Holdings Class A | Add +21.1% | 3.76% | +0.43 |
| SPNT Siriuspoint Ltd. | Add +20.8% | 3.11% | +0.18 |
| NAVI Navient Corp. | Add +29.3% | 3.01% | +0.17 |
| NICM Nicola Mining Inc. | New | 0.10% | +0.10 |
| NODK Ni Holdings Inc. | Add +21.8% | 0.53% | +0.08 |
| CWBC Community West Bancshares | Add +18.7% | 0.75% | +0.05 |
| GNW Genworth Financial Inc. | Add +10.8% | 2.73% | +0.05 |
| LRE Lead Real Estate Co. Ltd. | New | 0.05% | +0.05 |
| MRT Marti Technologies Inc. | Add +12.9% | 0.23% | −0.16 |
| RNA Atrium Therapeutics Inc. | Add +13.6% | 1.88% | −0.21 |
| OSISKO DEVELOPMENT CORP | Add +3.6% | 2.84% | −1.76 |
Options Activity Q1 2026 → Q2 2026
| TSLA Tesla Inc. | put | Reduce -58.3% | 20,600 | $8.7M |
| GOOGL Alphabet Inc. Class A | call | Sold out | 9,800 | $2.8Mbefore exit |
| MET Metlife Inc. | call | Sold out | 20,000 | $1.4Mbefore exit |
| AAPL Apple Inc. | put | Sold out | 4,900 | $1.2Mbefore exit |
| ABR Arbor Realty Trust Inc. | put | Reduce -67.7% | 135,700 | $735K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 42 | $187.1M | GRAL, GEF.B, CRBG, OPY, SBMT |
| Q1 2026 | 40 | $147.4M | GRAL, GEF.B, OSISKO DEVELOPMENT CORP, CRBG, STXS |
| Q4 2025 | 44 | $185.8M | GRAL, GEF.B, CRBG, SHG, STXS |
| Q3 2025 | 35 | $145.9M | GRAL, GEF.B, STXS, SHG, SNDA |
| Q2 2025 | 29 | $112.7M | GRAL, GEF.B, CRBG, STXS, SNDA |
| Q1 2025 | 31 | $82.2M | GRAL, GEF.B, SNDA, CRBG, STXS |
| Q4 2024 | 24 | $67.6M | GRAL, GEF.B, SNDA, STXS, CRBG |
| Q3 2024 | 24 | $50.6M | GEF.B, SNDA, STXS, GRAL, LILAK |
| Q2 2024 | 25 | $49.4M | GEF.B, SNDA, STXS, LILAK, CRBG |
| Q1 2024 | 24 | $55.2M | SNDA, GEF.B, STXS, LILAK, CRBG |