Arbiter Partners Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Arbiter Partners Capital Management LLC reported 29 stock positions worth $112.7 million. Its top holding was Grail (GRAL) at 47.3% of the portfolio, followed by Greif Class B (GEF.B, 12.1%) and Corebridge Financial (CRBG, 5.9%). Compared with Q1 2025, it sold out of 2, added to 7 and reduced 6. The biggest buy was Grail (GRAL, shares +1%) and the biggest sale Sonida Senior Living (SNDA, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001513193
- Portfolio Value
- $112.7M (Q2 2025)
- SEC Filing
- 0001062993-25-014393 ↗ filed Aug 14, 2025
Holdings Value
Holdings 29 stocks · $112.7M
| GRAL Grail Inc. | 47.35% | 1,037,898 | $53.4M | Add +1.3% |
| GEF.B Greif Inc. Class B | 12.06% | 197,033 | $13.6M | No change |
| CRBG Corebridge Financial Inc. | 5.94% | 188,655 | $6.7M | Add +3.6% |
| STXS Stereotaxis Inc. | 5.37% | 2,853,856 | $6.1M | No change |
| SNDA Sonida Senior Living Inc. | 4.96% | 225,331 | $5.6M | Reduce -29.8% |
| SPNT Siriuspoint Ltd. | 3.63% | 200,832 | $4.1M | Reduce -6.3% |
| OPY Oppenheimer Holdings Class A | 3.21% | 54,999 | $3.6M | No change |
| GNW Genworth Financial Inc. | 2.39% | 346,400 | $2.7M | Add +43.1% |
| LILAK Liberty Latin Americ Class C | 1.98% | 359,048 | $2.2M | No change |
| GOOGL Alphabet Inc. Class A | 1.88% | 12,000 | $2.1M | Add +700.0% |
| MTG Mgic Investment Corp. | 1.83% | 74,000 | $2.1M | No change |
| SHG Shinhan Financial Group-ADR | 1.59% | 39,600 | $1.8M | Add +54.7% |
| JBGS JBG Smith Properties | 1.20% | 78,209 | $1.4M | Add +212.8% |
| TFPM Triple Flag Precious Met | 1.14% | 54,000 | $1.3M | No change |
| LILA Liberty Latin Americ Class A | 0.89% | 164,481 | $1.0M | No change |
| CWBC Community West Bancshares | 0.76% | 43,864 | $856K | Reduce -13.6% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 0.58% | 51,392 | $655K | No change |
| LEN.B Lennar Corp. Class B | 0.53% | 5,629 | $592K | No change |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.46% | 205,915 | $519K | Add +100.1% |
| BURFORD CAPITAL LTD | 0.43% | 14,800 | $487K | Reduce -81.0% |
| SENEA Seneca Foods Corp. Class A | 0.38% | 4,190 | $425K | No change |
| DVN Devon Energy Corp. | 0.37% | 13,000 | $414K | No change |
| SENEB Seneca Foods Corp. Class B | 0.26% | 2,878 | $294K | Reduce -54.3% |
| INBX Inhibrx Biosciences Inc. | 0.25% | 19,759 | $282K | Reduce -29.7% |
| TRC Tejon Ranch Co. | 0.21% | 13,742 | $233K | No change |
| MRT Marti Technologies Inc. | 0.18% | 65,952 | $200K | No change |
| BTG B2GOLD Corp. | 0.08% | 25,000 | $90K | No change |
| CLPR Clipper Realty Inc. | 0.07% | 22,618 | $83K | No change |
| OSISKO DEVELOPMENT CORP | 0.04% | 20,000 | $43K | No change |
Options reported separately and not counted above: GOOGL calls ($864K).
Portfolio Sells Q1 2025 → Q2 2025
| SNDA Sonida Senior Living Inc. | Reduce -29.8% | 4.96% | −4.14 |
| VET Vermilion Energy Inc. | Sold out | 0.00% | −2.13 |
| BURFORD CAPITAL LTD | Reduce -81.0% | 0.43% | −2.06 |
| FSEA First Seacoast Bancorp Inc. | Sold out | 0.00% | −1.28 |
| SPNT Siriuspoint Ltd. | Reduce -6.3% | 3.63% | −0.88 |
| SENEB Seneca Foods Corp. Class B | Reduce -54.3% | 0.26% | −0.44 |
| CWBC Community West Bancshares | Reduce -13.6% | 0.76% | −0.38 |
| INBX Inhibrx Biosciences Inc. | Reduce -29.7% | 0.25% | −0.23 |
Portfolio Buys Q1 2025 → Q2 2025
| GRAL Grail Inc. | Add +1.3% | 47.35% | +15.49 |
| GOOGL Alphabet Inc. Class A | Add +700.0% | 1.88% | +1.59 |
| JBGS JBG Smith Properties | Add +212.8% | 1.20% | +0.71 |
| SHG Shinhan Financial Group-ADR | Add +54.7% | 1.59% | +0.59 |
| GNW Genworth Financial Inc. | Add +43.1% | 2.39% | +0.30 |
| EMX Emx Royalty Corp. | Add +100.1% | 0.46% | +0.20 |
| CRBG Corebridge Financial Inc. | Add +3.6% | 5.94% | −1.06 |
Options Activity Q1 2025 → Q2 2025
| TSLA Tesla Inc. | put | Sold out | 205,900 | $53.4Mbefore exit |
| ABR Arbor Realty Trust Inc. | put | Sold out | 241,800 | $2.8Mbefore exit |
| GOOGL Alphabet Inc. Class A | call | New | 4,900 | $864K |
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 |