APCM
Arbiter Partners Capital Management Portfolio holdings
AUM
$197M
Turnover
22%
1-Year Est. Return
47.99%
This Fund
S&P 500
This Quarter
Est. Return
+14.78%
1 Year Est. Return
+47.99%
3 Year Est. Return
+378.43%
5 Year Est. Return
+279.49%
10 Year Est. Return
+1,046.63%
AUM
$197M
AUM Growth
+$22M
(+13%)
Cap. Flow
+$21.4M
Cap. Flow
% of AUM
10.89%
Top 10 Holdings %
Top 10 Hldgs %
73.92%
Holding
50
New
5
Increased
10
Reduced
9
Closed
6
Avg Time Held Equity + Options
2.7
years
Top 10 Avg Time Held Equity + Options
2.4
years
Top 20 Avg Time Held Equity + Options
2.8
years
Avg Time Held Equity only
2.7
years
Top 10 Avg Time Held Equity only
2.6
years
Top 20 Avg Time Held Equity only
3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Silver Bow Mining Corp
SBMT
|
+$8.46M |
| 2 |
Corebridge Financial
CRBG
|
+$4.42M |
| 3 |
Shinhan Financial Group
SHG
|
+$4.41M |
| 4 |
Arvinas
ARVN
|
+$2.75M |
| 5 |
Navient
NAVI
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$740K |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$719K |
| 3 |
Vox Royalty Corp
VOXR
|
+$539K |
| 4 |
Liberty Latin America Class A
LILA
|
+$433K |
| 5 |
Sonida Senior Living
SNDA
|
+$406K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 44.65% |
| 2 | Financials | 23.24% |
| 3 | Consumer Discretionary | 9.48% |
| 4 | Materials | 8.97% |
| 5 | Miscellaneous | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
NI Holdings
NODK
$303M
| $983K | 0.5% |
62,592
+11,200
| +22% | +$157K |
2021 Q3
19 quarters
|
|
27
Weatherford International
WFRD
$5.4B
| $815K | 0.41% |
10,000
| – | – |
2025 Q3
3 quarters
|
|
28
PUT
Arbor Realty Trust
ABR
$487M
| $735K | 0.37% |
135,700
-284,000
| -68% | -$1.85M |
2025 Q3
3 quarters
|
|
29
Oportun Financial
OPRT
$404M
| $697K | 0.35% |
122,106
-70,000
| -36% | -$375K |
2025 Q4
2 quarters
|
|
30
Avidia Bancorp
AVBC
$404M
| $688K | 0.35% |
32,800
| – | – |
2025 Q4
2 quarters
|
|
31
Lennar Class B
LEN.B
$17.4B
| $499K | 0.25% |
5,629
| – | – |
2013 Q2
52 quarters
|
|
32
OmniAb
OABI
$662M
| $474K | 0.24% |
192,585
| – | – |
2025 Q3
3 quarters
|
|
33
Marti Technologies
MRT
$153M
| $423K | 0.22% |
323,076
+36,822
| +13% | +$71.3K |
2024 Q4
6 quarters
|
|
34
Metalla Royalty & Streaming
MTA
$726M
| $259K | 0.13% |
34,000
| – | – |
2025 Q4
2 quarters
|
|
35
Olin
OLN
$1.71B
| $256K | 0.13% |
12,900
| – | – |
2025 Q4
2 quarters
|
|
36
Tejon Ranch
TRC
$438M
| $243K | 0.12% |
12,993
| – | – |
2017 Q3
35 quarters
|
|
37
Gold Royalty Corp
GROY
$642M
| $217K | 0.11% |
78,600
| – | – |
2025 Q4
2 quarters
|
|
38
Nicola Mining Inc
NICM
$99.5M
| $196K | 0.1% |
+31,193
| New | +$199K |
2026 Q2
0 quarters
|
|
39
Mount Logan Capital Inc
MLCI
$35.1M
| $122K | 0.06% |
35,505
| – | – |
2025 Q4
2 quarters
|
|
|
40
Vox Royalty Corp
VOXR
$329M
| $113K | 0.06% |
23,920
-98,000
| -80% | -$539K |
2025 Q3
3 quarters
|
|
41
Burford Capital
BUR
$722M
| $111K | 0.06% |
27,000
| – | – |
2026 Q1
1 quarter
|
|
42
B2Gold
BTG
$6.59B
| $93.5K | 0.05% |
25,000
| – | – |
2025 Q1
5 quarters
|
|
43
Lead Real Estate
LRE
$15.4M
| $85.5K | 0.04% |
+64,752
| New | +$83.6K |
2026 Q2
0 quarters
|
|
44
Clipper Realty
CLPR
$50.9M
| $61.5K | 0.03% |
22,618
| – | – |
2017 Q2
36 quarters
|
|
45
PUT
Apple
AAPL
$5.01T
| – | – |
-4,900
| Closed | -$1.24M | – |
|
46
Devon Energy
DVN
$54.9B
| – | – |
-4,000
| Closed | -$201K | – |
|
|
47
CALL
Alphabet (Google) Class A
GOOGL
$4.25T
| – | – |
-9,800
| Closed | -$2.82M | – |
|
|
48
Alphabet (Google) Class A
GOOGL
$4.25T
| – | – |
-2,500
| Closed | -$719K | – |
|
49
CALL
MetLife
MET
$63.4B
| – | – |
-20,000
| Closed | -$1.41M | – |
|
|
50
Microsoft
MSFT
$3.96T
| – | – |
-2,000
| Closed | -$740K | – |
|
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Arbiter Partners Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Arbiter Partners Capital Management held 50 positions worth $197M, up 13% from $175M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Arbiter Partners Capital Management deployed $21.4M of net new capital in Q2 2026, opening 5 new positions and adding to 10 existing holdings. Its largest new stake was Silver Bow Mining Corp: 958,010 shares worth $6.48M.
By sector, the portfolio is most concentrated in Healthcare at 45% of assets, up from 38% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Vox Royalty Corp, an estimated $539K trimmed.
- Arbiter Partners Capital Management's largest Q2 2026 buy was Silver Bow Mining Corp: 958,010 shares worth $6.48M.
- Arbiter Partners Capital Management added most to Corebridge Financial in Q2 2026, an estimated $4.42M increase.
- Arbiter Partners Capital Management's biggest Q2 2026 reduction was Vox Royalty Corp, cutting an estimated $539K.
- Arbiter Partners Capital Management fully exited Microsoft in Q2 2026, selling an estimated $740K.
- Arbiter Partners Capital Management's ten largest holdings make up 74% of its $197M portfolio in Q2 2026.
- Arbiter Partners Capital Management opened 5 new positions and closed 6 in Q2 2026.
- Arbiter Partners Capital Management's portfolio value rose 13% quarter-over-quarter to $197M.
Based on Arbiter Partners Capital Management's 13F filing for Q2 2026, filed 10 Aug 2026.