Arbiter Partners Capital Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Arbiter Partners Capital Management LLC reported 25 stock positions worth $49.4 million. Its top holding was Greif Class B (GEF.B) at 25.2% of the portfolio, followed by Sonida Senior Living (SNDA, 20.2%) and Stereotaxis (STXS, 10.2%). Compared with Q1 2024, it opened 1 new position, added to 1 and reduced 3. The biggest buy was a new position in Grail (GRAL) and the biggest sale Sonida Senior Living (SNDA, shares −25%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001513193
Portfolio Value
$49.4M (Q2 2024)
SEC Filing
0001062993-24-014909 ↗ filed Aug 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $55.2M Q1 2024 Q2 2024: $49.4M $49.4M Q2 2024 Q3 2024: $50.6M Q3 2024 Q4 2024: $67.6M Q4 2024 Q1 2025: $82.2M Q1 2025 Q2 2025: $112.7M Q2 2025 Q3 2025: $145.9M Q3 2025 Q4 2025: $185.8M Q4 2025 Q1 2026: $147.4M Q1 2026 Q2 2026: $187.1M Q2 2026

Holdings 25 stocks · $49.4M
GEF.B Greif Inc. Class B 25.17% 199,063 $12.4M No change
SNDA Sonida Senior Living Inc. 20.17% 363,629 $10.0M Reduce -25.4%
STXS Stereotaxis Inc. 10.24% 2,781,719 $5.1M Add +0.9%
LILAK Liberty Latin Americ Class C 7.18% 369,048 $3.6M No change
CRBG Corebridge Financial Inc. 5.23% 88,755 $2.6M No change
GRAL Grail Inc. 4.35% 140,000 $2.2M New
LH Labcorp Holdings Inc. 3.33% 8,100 $1.6M No change
MTG Mgic Investment Corp. 3.23% 74,000 $1.6M No change
LILA Liberty Latin Americ Class A 3.20% 164,481 $1.6M No change
LRFC Logan Ridge Finance Corp. 2.77% 61,113 $1.4M No change
OPY Oppenheimer Holdings Class A 2.22% 22,900 $1.1M No change
LEN.B Lennar Corp. Class B 2.17% 7,687 $1.1M No change
SPNT Siriuspoint Ltd. 2.12% 85,747 $1.0M No change
FSEA First Seacoast Bancorp Inc. 1.64% 90,000 $810K No change
DVN Devon Energy Corp. 1.57% 16,400 $777K No change
GEG Great Elm Group Inc. 0.93% 255,728 $460K Reduce -69.5%
SENEB Seneca Foods Corp. Class B 0.87% 7,400 $432K No change
SHG Shinhan Financial Group-ADR 0.75% 10,600 $369K No change
LNC Lincoln National Corp. 0.69% 11,000 $342K Reduce -62.7%
NODK Ni Holdings Inc. filed as NI HLDGS INC 0.63% 20,392 $312K No change
TRC Tejon Ranch Co. 0.51% 14,742 $251K No change
SENEA Seneca Foods Corp. Class A 0.49% 4,190 $241K No change
RBKB Rhinebeck Bancorp Inc. 0.21% 13,521 $106K No change
CRESY Cresud S.A.-Spons ADR 0.17% 10,098 $83K No change
CLPR Clipper Realty Inc. 0.17% 22,618 $82K No change

Options reported separately and not counted above: TSLA puts ($37.9M), ABR puts ($7.4M), ARKK puts ($1.5M), WD puts ($943K), CLX puts ($805K), SU calls ($762K), FMC puts ($708K), INVH puts ($646K).

Portfolio Sells Q1 2024 → Q2 2024
SNDA Sonida Senior Living Inc. Reduce -25.4% 20.17% −5.00
GEG Great Elm Group Inc. Reduce -69.5% 0.93% −1.99
LNC Lincoln National Corp. Reduce -62.7% 0.69% −1.01

Portfolio Buys Q1 2024 → Q2 2024
GRAL Grail Inc. New 4.35% +4.35
STXS Stereotaxis Inc. Add +0.9% 10.24% −2.79

Options Activity Q1 2024 → Q2 2024
TSLA Tesla Inc. put Add +529.6% 191,400 $37.9M
ABR Arbor Realty Trust Inc. put Add +12.4% 516,900 $7.4M
DLR Digital Realty Trust Inc. put Sold out 29,500 $4.2Mbefore exit
ARKK ARK Innovation ETF put Reduce -44.3% 33,700 $1.5M
WD Walker & Dunlop Inc. put Reduce -43.9% 9,600 $943K
DASH DoorDash Inc. Class A put Sold out 4,900 $675Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 42$187.1MGRAL, GEF.B, CRBG, OPY, SBMT
Q1 2026 40$147.4MGRAL, GEF.B, OSISKO DEVELOPMENT CORP, CRBG, STXS
Q4 2025 44$185.8MGRAL, GEF.B, CRBG, SHG, STXS
Q3 2025 35$145.9MGRAL, GEF.B, STXS, SHG, SNDA
Q2 2025 29$112.7MGRAL, GEF.B, CRBG, STXS, SNDA
Q1 2025 31$82.2MGRAL, GEF.B, SNDA, CRBG, STXS
Q4 2024 24$67.6MGRAL, GEF.B, SNDA, STXS, CRBG
Q3 2024 24$50.6MGEF.B, SNDA, STXS, GRAL, LILAK
Q2 2024 25$49.4MGEF.B, SNDA, STXS, LILAK, CRBG
Q1 2024 24$55.2MSNDA, GEF.B, STXS, LILAK, CRBG