Arbiter Partners Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Arbiter Partners Capital Management LLC reported 31 stock positions worth $82.2 million. Its top holding was Grail (GRAL) at 31.9% of the portfolio, followed by Greif Class B (GEF.B, 14.2%) and Sonida Senior Living (SNDA, 9.1%). Compared with Q4 2024, it opened 9 new positions, sold out of 2, added to 5 and reduced 2. The biggest buy was Grail (GRAL, shares +23%) and the biggest sale an exit from Logan Ridge Finance (LRFC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001513193
- Portfolio Value
- $82.2M (Q1 2025)
- SEC Filing
- 0001062993-25-009183 ↗ filed May 13, 2025
Holdings Value
Holdings 31 stocks · $82.2M
| GRAL Grail Inc. | 31.86% | 1,025,042 | $26.2M | Add +23.4% |
| GEF.B Greif Inc. Class B | 14.21% | 197,033 | $11.7M | No change |
| SNDA Sonida Senior Living Inc. | 9.10% | 320,995 | $7.5M | Add +4.4% |
| CRBG Corebridge Financial Inc. | 7.00% | 182,155 | $5.8M | No change |
| STXS Stereotaxis Inc. | 6.11% | 2,853,856 | $5.0M | Add +2.3% |
| SPNT Siriuspoint Ltd. | 4.51% | 214,282 | $3.7M | No change |
| OPY Oppenheimer Holdings Class A | 3.99% | 54,999 | $3.3M | Add +10.7% |
| LILAK Liberty Latin Americ Class C | 2.71% | 359,048 | $2.2M | No change |
| BURFORD CAPITAL LTD filed as NAVIOS MARITIME PARTNERS LP | 2.49% | 78,000 | $2.0M | No change |
| MTG Mgic Investment Corp. | 2.23% | 74,000 | $1.8M | No change |
| VET Vermilion Energy Inc. | 2.13% | 216,235 | $1.8M | New |
| GNW Genworth Financial Inc. | 2.09% | 242,000 | $1.7M | New |
| FSEA First Seacoast Bancorp Inc. | 1.28% | 90,000 | $1.0M | No change |
| LILA Liberty Latin Americ Class A | 1.27% | 164,481 | $1.0M | No change |
| TFPM Triple Flag Precious Met | 1.26% | 54,000 | $1.0M | New |
| CWBC Community West Bancshares | 1.14% | 50,739 | $938K | New |
| SHG Shinhan Financial Group-ADR | 1.00% | 25,600 | $821K | Add +141.5% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 0.89% | 51,392 | $733K | No change |
| LEN.B Lennar Corp. Class B | 0.75% | 5,629 | $614K | No change |
| SENEB Seneca Foods Corp. Class B | 0.70% | 6,303 | $572K | Reduce -14.8% |
| DVN Devon Energy Corp. | 0.59% | 13,000 | $486K | No change |
| JBGS JBG Smith Properties | 0.49% | 25,000 | $403K | New |
| INBX Inhibrx Biosciences Inc. | 0.48% | 28,095 | $393K | No change |
| SENEA Seneca Foods Corp. Class A | 0.45% | 4,190 | $373K | No change |
| GOOGL Alphabet Inc. Class A | 0.28% | 1,500 | $232K | New |
| TRC Tejon Ranch Co. | 0.27% | 13,742 | $218K | Reduce -6.8% |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.26% | 102,895 | $210K | New |
| MRT Marti Technologies Inc. | 0.25% | 65,952 | $205K | No change |
| CLPR Clipper Realty Inc. | 0.11% | 22,618 | $87K | No change |
| BTG B2GOLD Corp. | 0.09% | 25,000 | $71K | New |
| OSISKO DEVELOPMENT CORP | 0.04% | 20,000 | $30K | New |
Options reported separately and not counted above: TSLA puts ($53.4M), ABR puts ($2.8M).
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| GRAL Grail Inc. | Add +23.4% | 31.86% | +9.91 |
| VET Vermilion Energy Inc. | New | 2.13% | +2.13 |
| GNW Genworth Financial Inc. | New | 2.09% | +2.09 |
| TFPM Triple Flag Precious Met | New | 1.26% | +1.26 |
| CWBC Community West Bancshares | New | 1.14% | +1.14 |
| JBGS JBG Smith Properties | New | 0.49% | +0.49 |
| SHG Shinhan Financial Group-ADR | Add +141.5% | 1.00% | +0.48 |
| GOOGL Alphabet Inc. Class A | New | 0.28% | +0.28 |
| EMX Emx Royalty Corp. | New | 0.26% | +0.26 |
| BTG B2GOLD Corp. | New | 0.09% | +0.09 |
| OSISKO DEVELOPMENT CORP | New | 0.04% | +0.04 |
| OPY Oppenheimer Holdings Class A | Add +10.7% | 3.99% | −0.72 |
| SNDA Sonida Senior Living Inc. | Add +4.4% | 9.10% | −1.37 |
| STXS Stereotaxis Inc. | Add +2.3% | 6.11% | −3.31 |
Options Activity Q4 2024 → Q1 2025
| TSLA Tesla Inc. | put | Reduce -4.8% | 205,900 | $53.4M |
| ABR Arbor Realty Trust Inc. | put | Reduce -24.7% | 241,800 | $2.8M |
| ARKK ARK Innovation ETF | put | Sold out | 33,700 | $1.9Mbefore exit |
| FMC FMC Corp. | put | Sold out | 12,300 | $598Kbefore 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 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 |