Arbiter Partners Capital Management’s Ambac Financial Group, Inc. AMBC.WS Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-58,482	Closed	-$515K	–	85
2016 Q3	$515K	Sell	58,482 -26,733	-31%	-$235K	0.06%	45
2016 Q2	$637K	Sell	85,215 -46,731	-35%	-$349K	0.08%	42
2016 Q1	$924K	Hold	131,946	–	–	0.17%	36
2015 Q4	$877K	Hold	131,946	–	–	0.11%	42
2015 Q3	$906K	Hold	131,946	–	–	0.09%	39
2015 Q2	$1M	Buy	131,946 +81,164	+160%	+$617K	0.09%	42
2015 Q1	$683K	Buy	50,782 +21,582	+74%	+$290K	0.06%	44
2014 Q4	$423K	Hold	29,200	–	–	0.04%	61
2014 Q3	$406K	Hold	29,200	–	–	0.04%	62
2014 Q2	$511K	Hold	29,200	–	–	0.05%	56
2014 Q1	$596K	Hold	29,200	–	–	0.07%	45
2013 Q4	$436K	Buy	+29,200	New	+$436K	0.06%	46
2013 Q3	–	Hold	0	–	–	–	90