APCM

Arbiter Partners Capital Management Portfolio holdings

AUM $113M
This Quarter Return
+0.1%
1 Year Return
+73.56%
3 Year Return
+175.68%
5 Year Return
+179.87%
10 Year Return
+217.25%
AUM
$351M
AUM Growth
+$351M
Cap. Flow
+$2.63M
Cap. Flow %
0.75%
Top 10 Hldgs %
72.02%
Holding
86
New
1
Increased
10
Reduced
11
Closed
9

Top Buys

1
JBGS
JBG SMITH
JBGS
$20M
2
MCK icon
McKesson
MCK
$6.24M
3
VSTO
Vista Outdoor Inc.
VSTO
$3.34M
4
CNDT icon
Conduent
CNDT
$2.26M
5
CIT
CIT Group Inc.
CIT
$1.82M

Top Sells

1
WLH
WILLIAM LYON HOMES
WLH
$12.2M
2
LEN.B icon
Lennar Class B
LEN.B
$5.1M
3
MTH icon
Meritage Homes
MTH
$4.46M
4
SA
Seabridge Gold
SA
$3.97M
5
GEF.B icon
Greif Class B
GEF.B
$2.6M

Sector Composition

1 Consumer Discretionary 24.51%
2 Healthcare 21.29%
3 Financials 15.77%
4 Real Estate 8.98%
5 Industrials 8.56%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MVC
26
DELISTED
MVC Capital, Inc.
MVC
$2.02M 0.22%
190,854
– –
EQFN
27
DELISTED
Equitable Financial Corp.
EQFN
$1.76M 0.2%
161,600
– –
CZWI icon
28
Citizens Community Bancorp
CZWI
$161M
$1.61M 0.18%
119,389
-1,714
-1% -$23.1K
SPNT icon
29
SiriusPoint
SPNT
$2.21B
$1.57M 0.17%
106,850
+3,500
+3% +$51.3K
AR icon
30
Antero Resources
AR
$9.82B
$1.49M 0.17%
78,200
+50,000
+177% +$950K
SEE icon
31
Sealed Air
SEE
$4.76B
$1.49M 0.17%
30,114
– –
OFED
32
DELISTED
Oconee Federal Financial Corp.
OFED
$1.25M 0.14%
43,399
– –
ERIE icon
33
Erie Indemnity
ERIE
$17.2B
$1.11M 0.12%
9,099
– –
TRC icon
34
Tejon Ranch
TRC
$454M
$1.02M 0.11%
49,251
+12,212
+33% +$253K
AXR icon
35
AMREP Corp
AXR
$109M
$794K 0.09%
113,095
– –
TPL icon
36
Texas Pacific Land
TPL
$20.9B
$760K 0.08%
5,103
-13,380
-72% -$1.99M
BX icon
37
Blackstone
BX
$131B
$640K 0.07%
20,000
– –
KFFB icon
38
Kentucky First Federal Bancorp
KFFB
$611K 0.07%
68,283
-9,695
-12% -$86.8K
UBOH
39
DELISTED
United Bancshares Inc/OH
UBOH
$535K 0.06%
24,104
-20,132
-46% -$447K
APO icon
40
Apollo Global Management
APO
$75.9B
$502K 0.06%
15,000
– –
XRX icon
41
Xerox
XRX
$478M
$437K 0.05%
15,000
– –
ICCH
42
DELISTED
ICC Holdings, Inc.
ICCH
$379K 0.04%
23,265
-1,735
-7% -$28.3K
ABFL
43
Abacus FCF Leaders ETF
ABFL
$732M
$330K 0.04%
9,800
– –
NBL
44
DELISTED
Noble Energy, Inc.
NBL
$284K 0.03%
9,756
– –
HNNA icon
45
Hennessy Advisors
HNNA
$95.6M
$265K 0.03%
15,995
– –
SENEB
46
Seneca Foods Class B
SENEB
$255K 0.03%
7,500
– –
KKR icon
47
KKR & Co
KKR
$120B
$253K 0.03%
12,000
– –
MMM icon
48
3M
MMM
$81B
$235K 0.03%
1,196
– –
CCO icon
49
Clear Channel Outdoor Holdings
CCO
$636M
$230K 0.03%
50,000
– –
GROW icon
50
US Global Investors
GROW
$32.1M
$222K 0.02%
56,815
– –
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