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Asset Manager ← All Institutions

Arbiter Partners Capital Management LLC

Q4 2025 · Filed 2026-02-12
Market Value
$180M
+27.2%
Holdings
42
+8
New Purchases
9
Added To
12
Closed
2
Reduced
4
Top 10 Concentration
83.3%
Turnover
26.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GRAL 49.32% 43.34% +5.97% $89M
ODV 1.82% 0.82% +1.01% $3M
OPRT 0.42% 0.00% +0.42% $746K
CBL 2.48% 2.09% +0.39% $4M
AVBC 0.31% 0.00% +0.31% $551K
ARVN 2.99% 2.73% +0.26% $5M
CRBG 4.53% 4.28% +0.25% $8M
VOXCF 0.32% 0.07% +0.25% $578K
LESL 0.22% 0.00% +0.22% $392K
TFPM.TO 1.33% 1.12% +0.21% $2M
GROY 0.18% 0.00% +0.18% $318K
MLCI 0.16% 0.00% +0.16% $293K
OLN 0.15% 0.00% +0.15% $269K
MTA 0.15% 0.00% +0.15% $265K
NAVI 1.12% 0.98% +0.14% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STXS 3.69% 6.28% -2.59% $7M
JBGS 0.00% 1.23% -1.23% $0
SNDA 3.29% 4.29% -1.01% $6M
SHG 4.12% 4.89% -0.77% $7M
EMX 0.00% 0.75% -0.75% $0
OPY 2.21% 2.88% -0.66% $4M
LILAK 1.49% 2.14% -0.65% $3M
GNW 2.45% 3.07% -0.62% $4M
GEF-B 8.19% 8.59% -0.40% $15M
LILA 0.68% 0.96% -0.29% $1M
MTG 1.20% 1.49% -0.28% $2M
LEN-B 0.30% 0.48% -0.18% $535K
SENEA 0.11% 0.28% -0.17% $203K
VET 1.24% 1.38% -0.15% $2M
DVN 0.18% 0.32% -0.14% $330K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $4M 2.1%
Large Cap 5 $17M 9.3%
Mid Cap 9 $115M 63.9%
Small Cap 18 $35M 19.2%
Micro Cap 9 $10M 5.6%

Portfolio Analytics

Avg Market Cap
$114.3B
Median Market Cap
$974M
Avg P/E
32.8
Median P/E
12.5
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
42
# ETFs / Funds
0

Top Holdings (42 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GRAL 49.32% 1,035,597 $89M $85.59 $27M -300 -0.0%
2 GEF-B 8.19% 197,033 $15M $74.69 $3M
3 CRBG 4.53% 270,055 $8M $30.17 $2M +81,400 +43.1%
4 SHG 4.12% 138,169 $7M $53.63 $501K +1,000 +0.7%
5 STXS 3.69% 2,883,856 $7M $2.30 -$2M +30,000 +1.1%
6 SNDA 3.29% 182,824 $6M $32.31 -$160K -36,009 -16.5%
7 ARVN 2.99% 452,789 $5M $11.86 $2M
8 CBL 2.48% 120,244 $4M $37.00 $1M +23,681 +24.5%
9 GNW 2.45% 487,400 $4M $9.03 $63K
10 OPY 2.21% 54,999 $4M $72.29 -$89K
11 GOOGL 2.09% 12,000 $4M $313.00 $839K
12 ODV 1.82% 937,854 $3M $3.49 $2M +597,854 +175.8%
13 LILAK 1.49% 359,048 $3M $7.46 -$352K
14 TFPM.TO 1.33% 72,000 $2M $33.22 $812K +18,000 +33.3%
15 VET 1.24% 266,738 $2M $8.34 $268K +16,503 +6.6%
16 MTG 1.20% 74,000 $2M $29.22 $63K
17 NAVI 1.12% 155,094 $2M $13.00 $626K +49,350 +46.7%
18 TBN 0.87% 57,212 $2M $27.23 $201K +7,670 +15.5%
19 NMM 0.72% 24,800 $1M $52.43 $183K
20 LILA 0.68% 164,481 $1M $7.39 -$148K
21 WFRD 0.44% 10,000 $783K $78.26 $98K
22 OPRT 0.42% 141,109 $746K $5.29 +141,109 NEW
23 NODK 0.38% 51,392 $684K $13.30 -$13K
24 VOXCF 0.32% 121,920 $578K $4.74 $475K +98,000 +409.7%
25 AVBC 0.31% 32,800 $551K $16.81 +32,800 NEW
26 MRT 0.30% 229,935 $545K $2.37 $192K +56,760 +32.8%
27 LEN-B 0.30% 5,629 $535K $95.12 -$140K
28 LESL 0.22% 237,637 $392K $1.65 +237,637 NEW
29 OABI 0.20% 192,585 $356K $1.85 $99K +32,056 +20.0%
30 DVN 0.18% 9,000 $330K $36.63 -$126K -4,000 -30.8%
31 GROY 0.18% 78,600 $318K $4.04 +78,600 NEW
32 MLCI 0.16% 35,505 $293K $8.25 +35,505 NEW
33 OLN 0.15% 12,900 $269K $20.83 +12,900 NEW
34 MTA 0.15% 34,000 $265K $7.78 +34,000 NEW
35 RITM-PD 0.12% 20,000 $218K $10.90 +20,000 NEW
36 TRC 0.12% 13,742 $217K $15.77 -$3K
37 SENEA 0.11% 1,839 $203K $110.63 -$195K -1,851 -50.2%
38 BTG 0.06% 25,000 $113K $4.51 -$11K
39 CLPR 0.05% 22,618 $86K $3.82 $453
40 LRE 0.02% 18,495 $29K $1.57 +18,495 NEW
41 JBGS —% -$2M -78,209 -100.0% SOLD
42 EMX —% -$1M -205,915 -100.0% SOLD

Options Breakdown

2 Calls $2M Call Value 3 Puts $17M Put Value 7.33 P/C Ratio

Top Calls

SymbolSharesValueStatus
GOOGL 4,900 $2M
MET 10,000 $789K

Top Puts

SymbolSharesValueStatus
TSLA 28,800 $13M
ABR 353,600 $3M
AAPL 4,900 $1M

New Positions

SymbolValue% Port
OPRT $746K 0.42%
AVBC $551K 0.31%
LESL $392K 0.22%
GROY $318K 0.18%
MLCI $293K 0.16%
OLN $269K 0.15%
MTA $265K 0.15%
RITM-PD $218K 0.12%
LRE $29K 0.02%

Sold Out Positions

SymbolValue% Port
JBGS —%
EMX —%
View SEC EDGAR Filings for Arbiter Partners Capital Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms