Arbiter Partners Capital Management LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Arbiter Partners Capital Management LLC reported 24 stock positions worth $55.2 million . Its top holding was Sonida Senior Living (SNDA) at 25.2% of the portfolio, followed by Greif Class B (GEF.B, 25.1% ) and Stereotaxis (STXS, 13.0% ). Compared with Q4 2023, it sold out of 7, added to 4 and reduced 3. The biggest buy was Corebridge Financial (CRBG, shares +13% ) and the biggest sale an exit from Jackson Financial Class A (JXN).
Location NEW YORK, NY
CIK 0001513193
Portfolio Value $55.2M (Q1 2024) Holdings 24 stocks · $55.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 SNDA Sonida Senior Living Inc. 487,407 $13.9M Reduce -4.2% GEF.B Greif Inc. Class B 199,063 $13.8M No change STXS Stereotaxis Inc. 2,755,693 $7.2M No change LILAK Liberty Latin Americ Class C 369,048 $2.6M No change CRBG Corebridge Financial Inc. 88,755 $2.5M Add +13.0% LH Laboratory CRP of Amer Hldgs 8,100 $1.8M No change MTG Mgic Investment Corp. 74,000 $1.7M No change GEG Great Elm Group Inc. 838,827 $1.6M Reduce -1.5% LRFC Logan Ridge Finance Corp. 61,113 $1.4M No change LEN.B Lennar Corp. Class B 7,687 $1.2M No change LILA Liberty Latin Americ Class A 164,481 $1.1M Add +1.5% SPNT Siriuspoint Ltd. 85,747 $1.1M No change LNC Lincoln National Corp. 29,500 $942K No change OPY Oppenheimer Holdings Class A 22,900 $914K No change DVN Devon Energy Corp. 16,400 $823K Reduce -9.1% FSEA First Seacoast Bancorp Inc. 90,000 $754K No change SENEB Seneca Foods Corp. Class B 7,400 $414K No change SHG Shinhan Financial Group-ADR 10,600 $376K No change NODK Ni Holdings Inc. filed as NI HLDGS INC 20,392 $309K No change SENEA Seneca Foods Corp. Class A 4,190 $238K No change TRC Tejon Ranch Co. 14,742 $227K No change RBKB Rhinebeck Bancorp Inc. 13,521 $114K Add +8.0% CLPR Clipper Realty Inc. 22,618 $109K No change CRESY Cresud S.A.-Spons ADR 10,098 $90K Add +1.0%
Options reported separately and not counted above: ABR puts ($6.1M), TSLA puts ($5.3M), DLR puts ($4.2M), ARKK puts ($3.0M), WD puts ($1.7M), CLX puts ($903K), FMC puts ($784K), SU calls ($738K), DASH puts ($675K), INVH puts ($641K).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ JXN Jackson Financial Inc. Class A Sold out 0.00% −7.29 FG F&G Annuities & Life Inc. Sold out 0.00% −1.85 CWBC Community West Bancshares Sold out 0.00% −1.25 FFNW First Financial Northwest Sold out 0.00% −0.82 FTRE Fortrea Holdings Inc. Sold out 0.00% −0.57 WRK Westrock Co. Sold out 0.00% −0.53 GEG Great Elm Group Inc. Reduce -1.5% 2.92% −0.42 SPWH Sportsman's Warehouse Holdin Sold out 0.00% −0.35 DVN Devon Energy Corp. Reduce -9.1% 1.49% −0.16 SNDA Sonida Senior Living Inc. Reduce -4.2% 25.17% +12.33
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ CRBG Corebridge Financial Inc. Add +13.0% 4.62% +1.19 RBKB Rhinebeck Bancorp Inc. Add +8.0% 0.21% +0.00 CRESY Cresud S.A.-Spons ADR Add +1.0% 0.16% −0.03 LILA Liberty Latin Americ Class A Add +1.5% 2.08% −0.31
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ ABR Arbor Realty Trust Inc. put Add +94.9% 459,900 $6.1M TSLA Tesla Inc. put Reduce -6.2% 30,400 $5.3M DLR Digital Realty Trust Inc. put Reduce -50.4% 29,500 $4.2M ARKK ARK Innovation ETF put Reduce -29.4% 60,500 $3.0M NOBLE CORP PLC call Sold out 50,000 $2.4Mbefore exit JXN Jackson Financial Inc. Class A call Sold out 40,000 $2.0Mbefore exit WD Walker & Dunlop Inc. put Add +128.0% 17,100 $1.7M BYND Beyond Meat Inc. put Sold out 163,500 $1.5Mbefore exit CLX Clorox Company put Reduce -81.3% 5,900 $903K DASH DoorDash Inc. Class A put New 4,900 $675K WDFC WD-40 Co. put Sold out 2,700 $645Kbefore exit PLL Piedmont Lithium Inc. put Sold out 10,000 $282Kbefore exit
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 2026 Amended 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