Arbiter Partners Capital Management’s Lake Shore Bancorp LSBK Stock Holding History

Arbiter Partners Capital Management’s Portfolio LSBK Stock Details LSBK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-86,721	Closed	-$1.26M	–	48
2019 Q3	$1.26M	Sell	86,721 -84,750	-49%	-$1.26M	0.23%	27
2019 Q2	$2.56M	Sell	171,471 -1,935	-1%	-$29.3K	0.5%	20
2019 Q1	$2.74M	Sell	173,406 -1,200	-0.7%	-$18.8K	0.55%	21
2018 Q4	$2.63M	Hold	174,606	–	–	0.29%	30
2018 Q3	$2.88M	Sell	174,606 -5,154	-3%	-$88.3K	0.29%	31
2018 Q2	$3.08M	Sell	179,760 -11,169	-6%	-$192K	0.31%	29
2018 Q1	$3.2M	Sell	190,929 -9,948	-5%	-$167K	0.39%	27
2017 Q4	$3.44M	Hold	200,877	–	–	0.38%	28
2017 Q3	$3.21M	Hold	200,877	–	–	0.36%	38
2017 Q2	$3.16M	Hold	200,877	–	–	0.39%	34
2017 Q1	$3.13M	Hold	200,877	–	–	0.4%	30
2016 Q4	$3.27M	Hold	200,877	–	–	0.55%	28
2016 Q3	$2.72M	Hold	200,877	–	–	0.32%	28
2016 Q2	$2.62M	Hold	200,877	–	–	0.34%	35
2016 Q1	$2.67M	Hold	200,877	–	–	0.5%	37
2015 Q4	$2.69M	Hold	200,877	–	–	0.34%	47
2015 Q3	$2.71M	Hold	200,877	–	–	0.27%	52
2015 Q2	$2.7M	Hold	200,877	–	–	0.24%	54
2015 Q1	$2.76M	Hold	200,877	–	–	0.24%	53
2014 Q4	$2.72M	Buy	200,877 +4,200	+2%	+$55K	0.25%	56
2014 Q3	$2.48M	Buy	196,677 +300	+0.2%	+$3.71K	0.24%	53
2014 Q2	$2.44M	Buy	196,377 +4,484	+2%	+$55.2K	0.24%	55
2014 Q1	$2.38M	Buy	191,893 +201	+0.1%	+$2.48K	0.27%	54
2013 Q4	$2.34M	Hold	191,692	–	–	0.32%	51
2013 Q3	$2.19M	Hold	191,692	–	–	0.52%	41
2013 Q2	$2.24M	Buy	+191,692	New	+$2.23M	0.33%	46

Other funds holding LSBK

Stilwell Value New York $167M AUM 3.79% 1-Year Est. Return

HSA

HBK Sorce Advisory Erie, Pennsylvania $5.05B AUM 16.64% 1-Year Est. Return

BCM

Bridgeway Capital Management Houston, Texas $4.97B AUM 44.96% 1-Year Est. Return

Minerva Advisors Bala Cynwyd, Pennsylvania $155M AUM 35.49% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

TRCT

Tower Research Capital (TRC) New York $3.85B AUM 32.11% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Arbiter Partners Capital Management's LSBK Position: Q4 2019 in Review

Arbiter Partners Capital Management sold out of Lake Shore Bancorp (LSBK) in Q4 2019, closing a stake of 86,721 shares — an estimated $1.26M sold.

Arbiter Partners Capital Management first reported a position in LSBK in Q2 2013 and held it in 26 quarters. The position peaked at $3.44M in Q4 2017. 12 funds tracked by Wall St. Rank hold LSBK as of Q4 2019.

Arbiter Partners Capital Management reported no remaining Lake Shore Bancorp position as of Q4 2019 after selling out during the quarter.
Arbiter Partners Capital Management sold 86,721 Lake Shore Bancorp shares in Q4 2019, an estimated $1.26M.
Arbiter Partners Capital Management first reported a position in Lake Shore Bancorp in Q2 2013 and held it in 26 quarters.
Arbiter Partners Capital Management's Lake Shore Bancorp position peaked at $3.44M in Q4 2017.
12 funds tracked by Wall St. Rank held Lake Shore Bancorp as of Q4 2019.

Based on Arbiter Partners Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.