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APCM
Arbiter Partners Capital Management Portfolio holdings
AUM
$197M
1-Year Est. Return
47.99%
This Fund
S&P 500
This Quarter
Est. Return
-0.01%
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
$495M
AUM Growth
-$400M
(-45%)
Cap. Flow
-$42.5M
Cap. Flow
% of AUM
-8.57%
Top 10 Holdings %
Top 10 Hldgs %
85.86%
Holding
58
New
1
Increased
2
Reduced
24
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PTVCA
Protective Insurance Corporation Class A Common Stock
PTVCA
|
+$478K |
| 2 |
Affiliated Managers Group
AMG
|
+$212K |
| 3 |
Hennessy Advisors
HNNA
|
+$31.3K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$14.2M |
| 2 |
Greif Class B
GEF.B
|
+$6.37M |
| 3 |
CIT
CIT Group Inc.
CIT
|
+$5.5M |
| 4 |
CLPR
Clipper Realty
CLPR
|
+$5.12M |
| 5 |
Sportsman's Warehouse
SPWH
|
+$3.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.35% |
| 2 | Financials | 9.4% |
| 3 | Consumer Discretionary | 7.24% |
| 4 | Healthcare | 4.95% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CLPR
26
Clipper Realty
CLPR
$54.1M
| $1.53M | 0.31% |
114,059
-391,839
| -77% | -$5.12M |
|
|
PTVCA
27
DELISTED
Protective Insurance Corporation Class A Common Stock
PTVCA
| $1.46M | 0.29% |
74,612
+24,015
| +47% | +$478K |
|
|
CIT
28
DELISTED
CIT Group Inc.
CIT
| $1.37M | 0.28% |
28,500
-116,892
| -80% | -$5.5M |
|
29
Devon Energy
DVN
$56.5B
| $908K | 0.18% |
28,784
| – | – |
|
30
Tejon Ranch
TRC
$429M
| $653K | 0.13% |
37,102
-10,170
| -22% | -$187K |
|
|
31
McKesson
MCK
$105B
| $585K | 0.12% |
4,994
-114,806
| -96% | -$14.2M |
|
|
LONE
32
DELISTED
Lonestar Resources US Inc. Class A Common Stock
LONE
| $526K | 0.11% |
131,250
-67,539
| -34% | -$316K |
|
33
Kentucky First Federal Bancorp
KFFB
$47.1M
| $512K | 0.1% |
68,283
| – | – |
|
34
AMREP Corp
AXR
$121M
| $501K | 0.1% |
87,095
-26,000
| -23% | -$158K |
|
|
VTLE
35
DELISTED
Vital Energy
VTLE
| $429K | 0.09% |
6,941
-784
| -10% | -$55.8K |
|
36
Blackstone
BX
$95.1B
| $350K | 0.07% |
10,000
| – | – |
|
37
KKR & Co
KKR
$89.8B
| $282K | 0.06% |
12,000
| – | – |
|
|
VSTO
38
DELISTED
Vista Outdoor Inc.
VSTO
| $276K | 0.06% |
34,401
| – | – |
|
|
ICCH
39
DELISTED
ICC Holdings, Inc.
ICCH
| $216K | 0.04% |
15,965
| – | – |
|
|
40
Affiliated Managers Group
AMG
$9B
| $214K | 0.04% |
+2,000
| New | +$212K |
|
|
SENEB
41
Seneca Foods Class B
SENEB
| $202K | 0.04% |
7,400
| – | – |
|
|
SA
42
Seabridge Gold
SA
$3.16B
| $153K | 0.03% |
12,385
-170,623
| -93% | -$2.33M |
|
|
43
Hennessy Advisors
HNNA
$81.8M
| $145K | 0.03% |
15,646
+3,000
| +24% | +$31.3K |
|
|
HPR
44
DELISTED
HighPoint Resources Corporation
HPR
| $123K | 0.02% |
1,109
-1,754
| -61% | -$234K |
|
|
JMP
45
DELISTED
JMP Group LLC
JMP
| $88K | 0.02% |
23,589
| – | – |
|
46
US Global Investors
GROW
$36.6M
| $41K | 0.01% |
38,069
| – | – |
|
47
PUT
Burlington
BURL
$14.3B
| – | – |
-20,000
| Closed | -$3.25M |
|
48
PUT
Domino's
DPZ
$10.3B
| – | – |
-10,000
| Closed | -$2.48M |
|
49
Flotek Industries
FTK
$977M
| – | – |
-7,107
| Closed | -$46K |
|
50
CALL
GameStop
GME
$10.8B
| – | – |
-320,000
| Closed | -$1.01M |
|
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Arbiter Partners Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Arbiter Partners Capital Management held 58 positions worth $495M, down 45% from $895M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Arbiter Partners Capital Management withdrew a net $42.5M in Q1 2019, closing 12 positions and reducing 24 holdings. Its most notable exit was Rafael Holdings, an estimated $818K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 74% of assets, down from 81% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Arbiter Partners Capital Management opened a new position in Affiliated Managers Group worth $214K.
- Arbiter Partners Capital Management's largest Q1 2019 buy was Affiliated Managers Group: 2,000 shares worth $214K.
- Arbiter Partners Capital Management added most to Protective Insurance Corporation Class A Common Stock in Q1 2019, an estimated $478K increase.
- Arbiter Partners Capital Management's biggest Q1 2019 reduction was McKesson, cutting an estimated $14.2M.
- Arbiter Partners Capital Management fully exited Rafael Holdings in Q1 2019, selling an estimated $818K.
- Arbiter Partners Capital Management's ten largest holdings make up 86% of its $495M portfolio in Q1 2019.
- Arbiter Partners Capital Management opened 1 new position and closed 12 in Q1 2019.
- Arbiter Partners Capital Management's portfolio value fell 45% quarter-over-quarter to $495M.
Based on Arbiter Partners Capital Management's 13F filing for Q1 2019, filed 15 May 2019.