Arbiter Partners Capital Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Arbiter Partners Capital Management LLC reported 24 stock positions worth $50.6 million. Its top holding was Greif Class B (GEF.B) at 27.5% of the portfolio, followed by Sonida Senior Living (SNDA, 16.9%) and Stereotaxis (STXS, 11.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 3, added to 2 and reduced 4. The biggest buy was Grail (GRAL, shares +92%) and the biggest sale an exit from Labcorp (LH).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001513193
Portfolio Value
$50.6M (Q3 2024)
SEC Filing
0001062993-24-018964 ↗ filed Nov 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $55.2M Q1 2024 Q2 2024: $49.4M Q2 2024 Q3 2024: $50.6M $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 24 stocks · $50.6M
GEF.B Greif Inc. Class B 27.46% 199,063 $13.9M No change
SNDA Sonida Senior Living Inc. 16.88% 320,983 $8.5M Reduce -11.7%
STXS Stereotaxis Inc. 11.25% 2,791,068 $5.7M Add +0.3%
GRAL Grail Inc. 7.31% 269,108 $3.7M Add +92.2%
LILAK Liberty Latin Americ Class C 6.73% 359,048 $3.4M Reduce -2.7%
CRBG Corebridge Financial Inc. 5.11% 88,755 $2.6M No change
MTG Mgic Investment Corp. 3.74% 74,000 $1.9M No change
LILA Liberty Latin Americ Class A 3.11% 164,481 $1.6M No change
LRFC Logan Ridge Finance Corp. 2.96% 60,271 $1.5M Reduce -1.4%
SPNT Siriuspoint Ltd. 2.43% 85,747 $1.2M No change
LEN.B Lennar Corp. Class B 2.35% 6,889 $1.2M Reduce -10.4%
OPY Oppenheimer Holdings Class A 2.31% 22,900 $1.2M No change
FSEA First Seacoast Bancorp Inc. 1.61% 90,000 $816K No change
DVN Devon Energy Corp. 1.27% 16,400 $642K No change
SENEB Seneca Foods Corp. Class B 0.89% 7,400 $452K No change
SHG Shinhan Financial Group-ADR 0.89% 10,600 $449K No change
INBX Inhibrx Biosciences Inc. 0.87% 28,095 $440K New
NODK Ni Holdings Inc. filed as NI HLDGS INC 0.63% 20,392 $320K No change
SENEA Seneca Foods Corp. Class A 0.52% 4,190 $261K No change
TRC Tejon Ranch Co. 0.51% 14,742 $259K No change
DESP Despegar.com Corp. 0.49% 20,000 $248K New
CLPR Clipper Realty Inc. 0.25% 22,618 $129K No change
RBKB Rhinebeck Bancorp Inc. 0.25% 13,521 $125K No change
CRESY Cresud S.A.-Spons ADR 0.17% 10,098 $87K No change

Options reported separately and not counted above: TSLA puts ($53.6M), ABR puts ($6.8M), ARKK puts ($1.6M), FMC puts ($811K).

Portfolio Sells Q2 2024 → Q3 2024
LH Labcorp Holdings Inc. Sold out 0.00% −3.33
SNDA Sonida Senior Living Inc. Reduce -11.7% 16.88% −3.29
GEG Great Elm Group Inc. Sold out 0.00% −0.93
LNC Lincoln National Corp. Sold out 0.00% −0.69
LILAK Liberty Latin Americ Class C Reduce -2.7% 6.73% −0.45
LEN.B Lennar Corp. Class B Reduce -10.4% 2.35% +0.19
LRFC Logan Ridge Finance Corp. Reduce -1.4% 2.96% +0.19

Portfolio Buys Q2 2024 → Q3 2024
GRAL Grail Inc. Add +92.2% 7.31% +2.96
STXS Stereotaxis Inc. Add +0.3% 11.25% +1.01
INBX Inhibrx Biosciences Inc. New 0.87% +0.87
DESP Despegar.com Corp. New 0.49% +0.49

Options Activity Q2 2024 → Q3 2024
TSLA Tesla Inc. put Add +7.1% 205,000 $53.6M
ABR Arbor Realty Trust Inc. put Reduce -15.8% 435,100 $6.8M
WD Walker & Dunlop Inc. put Sold out 9,600 $943Kbefore exit
CLX Clorox Company put Sold out 5,900 $805Kbefore exit
SU Suncor Energy Inc. call Sold out 20,000 $762Kbefore exit
INVH Invitation Homes Inc. put Sold out 18,000 $646Kbefore 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