APCM

Arbiter Partners Capital Management Portfolio holdings

AUM $113M
This Quarter Return
+9.01%
1 Year Return
+73.56%
3 Year Return
+175.68%
5 Year Return
+179.87%
10 Year Return
+217.25%
AUM
$170M
AUM Growth
+$170M
Cap. Flow
-$76.8M
Cap. Flow %
-45.21%
Top 10 Hldgs %
83.74%
Holding
54
New
4
Increased
3
Reduced
14
Closed
8

Top Buys

1
AIV
Aimco
AIV
$5.22M
2
BBDC icon
Barings BDC
BBDC
$1.97M
3
BCIC
BCP Investment Corporation Common Stock
BCIC
$290K
4
MLVF
Malvern Bancorp, Inc.
MLVF
$231K
5
CWBC
Community West BanCshares
CWBC
$231K

Top Sells

1
COWN
Cowen Inc. Class A Common Stock
COWN
$12.8M
2
WRK
WestRock Company
WRK
$2.96M
3
CIT
CIT Group Inc.
CIT
$2.87M
4
GEG icon
Great Elm Group
GEG
$2.71M
5
STT icon
State Street
STT
$2.67M

Sector Composition

1 Financials 49.85%
2 Consumer Discretionary 19.59%
3 Healthcare 15%
4 Communication Services 9.1%
5 Real Estate 3.2%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
DVN icon
26
Devon Energy
DVN
$22.3B
$292K 0.04%
18,444
-10,340
-36% -$164K
SENEB
27
Seneca Foods Class B
SENEB
$292K 0.04%
7,400
– –
KKR icon
28
KKR & Co
KKR
$120B
$283K 0.03%
7,000
– –
SENEA icon
29
Seneca Foods Class A
SENEA
$778M
$257K 0.03%
6,440
– –
TMHC icon
30
Taylor Morrison
TMHC
$6.67B
$256K 0.03%
10,000
– –
ICCH
31
DELISTED
ICC Holdings, Inc.
ICCH
$243K 0.03%
16,965
– –
CWBC
32
DELISTED
Community West BanCshares
CWBC
$231K 0.03%
+25,411
New +$231K
CLPR
33
Clipper Realty
CLPR
$67.8M
$212K 0.03%
30,108
– –
BATL icon
34
Battalion Oil
BATL
$18.8M
$155K 0.02%
18,682
– –
PTVCB
35
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$141K 0.02%
+10,319
New +$141K
HNNA icon
36
Hennessy Advisors
HNNA
$95.6M
$133K 0.02%
15,646
– –
JMP
37
DELISTED
JMP Group LLC
JMP
$66K 0.01%
17,088
-6,501
-28% -$25.1K
AMG icon
38
Affiliated Managers Group
AMG
$6.55B
– –
-6,000
Closed -$410K
APPF icon
39
AppFolio
APPF
$9.91B
– –
0
– –
ASHR icon
40
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$2.31B
– –
0
– –
BYND icon
41
Beyond Meat
BYND
$178M
– –
0
– –
DDS icon
42
Dillards
DDS
$8.73B
– –
0
– –
GEG icon
43
Great Elm Group
GEG
$89.6M
– –
-1,150,000
Closed -$2.71M
MSI icon
44
Motorola Solutions
MSI
$79B
– –
0
– –
PEN icon
45
Penumbra
PEN
$10.5B
– –
0
– –
RRC icon
46
Range Resources
RRC
$8.18B
– –
0
– –
RTX icon
47
RTX Corp
RTX
$212B
– –
0
– –
STT icon
48
State Street
STT
$32.1B
– –
-45,000
Closed -$2.67M
TRUP icon
49
Trupanion
TRUP
$1.9B
– –
0
– –
TSLA icon
50
Tesla
TSLA
$1.08T
– –
-15
Closed -$2K
1
2
3