Arbiter Partners Capital Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Arbiter Partners Capital Management LLC reported 24 stock positions worth $67.6 million. Its top holding was Grail (GRAL) at 21.9% of the portfolio, followed by Greif Class B (GEF.B, 19.8%) and Sonida Senior Living (SNDA, 10.5%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 5 and reduced 5. The biggest buy was Grail (GRAL, shares +209%) and the biggest sale Greif Class B (GEF.B, shares −1%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001513193
Portfolio Value
$67.6M (Q4 2024)
SEC Filing
0001062993-25-002253 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $67.6M $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 · $67.6M
GRAL Grail Inc. 21.94% 830,642 $14.8M Add +208.7%
GEF.B Greif Inc. Class B 19.78% 197,033 $13.4M Reduce -1.0%
SNDA Sonida Senior Living Inc. 10.46% 307,569 $7.1M Reduce -4.2%
STXS Stereotaxis Inc. 9.42% 2,791,068 $6.4M No change
CRBG Corebridge Financial Inc. 8.07% 182,155 $5.5M Add +105.2%
SPNT Siriuspoint Ltd. 5.20% 214,282 $3.5M Add +149.9%
OPY Oppenheimer Holdings Class A 4.71% 49,683 $3.2M Add +117.0%
LILAK Liberty Latin Americ Class C 3.37% 359,048 $2.3M No change
BURFORD CAPITAL LTD filed as NAVIOS MARITIME PARTNERS LP 3.24% 78,000 $2.2M New
MTG Mgic Investment Corp. 2.60% 74,000 $1.8M No change
LRFC Logan Ridge Finance Corp. 1.86% 50,358 $1.3M Reduce -16.4%
LILA Liberty Latin Americ Class A 1.55% 164,481 $1.0M No change
FSEA First Seacoast Bancorp Inc. 1.34% 90,000 $904K No change
NODK Ni Holdings Inc. filed as NI HLDGS INC 1.19% 51,392 $807K Add +152.0%
LEN.B Lennar Corp. Class B 1.10% 5,629 $744K Reduce -18.3%
SENEB Seneca Foods Corp. Class B 0.87% 7,400 $588K No change
INBX Inhibrx Biosciences Inc. 0.64% 28,095 $433K No change
DVN Devon Energy Corp. 0.63% 13,000 $425K Reduce -20.7%
SHG Shinhan Financial Group-ADR 0.52% 10,600 $349K No change
SENEA Seneca Foods Corp. Class A 0.49% 4,190 $332K No change
TRC Tejon Ranch Co. 0.35% 14,742 $234K No change
MRT Marti Technologies Inc. 0.33% 65,952 $224K New
CRESY Cresud S.A.-Spons ADR 0.19% 10,098 $128K No change
CLPR Clipper Realty Inc. 0.15% 22,618 $104K No change

Options reported separately and not counted above: TSLA puts ($87.3M), ABR puts ($4.4M), ARKK puts ($1.9M), FMC puts ($598K).

Portfolio Sells Q3 2024 → Q4 2024
GEF.B Greif Inc. Class B Reduce -1.0% 19.78% −7.67
SNDA Sonida Senior Living Inc. Reduce -4.2% 10.46% −6.42
LEN.B Lennar Corp. Class B Reduce -18.3% 1.10% −1.25
LRFC Logan Ridge Finance Corp. Reduce -16.4% 1.86% −1.09
DVN Devon Energy Corp. Reduce -20.7% 0.63% −0.64
DESP Despegar.com Corp. Sold out 0.00% −0.49
RBKB Rhinebeck Bancorp Inc. Sold out 0.00% −0.25

Portfolio Buys Q3 2024 → Q4 2024
GRAL Grail Inc. Add +208.7% 21.94% +14.63
BURFORD CAPITAL LTD New 3.24% +3.24
CRBG Corebridge Financial Inc. Add +105.2% 8.07% +2.96
SPNT Siriuspoint Ltd. Add +149.9% 5.20% +2.77
OPY Oppenheimer Holdings Class A Add +117.0% 4.71% +2.40
NODK Ni Holdings Inc. Add +152.0% 1.19% +0.56
MRT Marti Technologies Inc. New 0.33% +0.33

Options Activity Q3 2024 → Q4 2024
TSLA Tesla Inc. put Add +5.5% 216,200 $87.3M
ABR Arbor Realty Trust Inc. put Reduce -26.2% 321,100 $4.4M

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