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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
+1.91%
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
$1.16B
AUM Growth
+$78.9M
(+7.3%)
Cap. Flow
-$35.7M
Cap. Flow
% of AUM
-3.09%
Top 10 Holdings %
Top 10 Hldgs %
62.69%
Holding
142
New
15
Increased
17
Reduced
13
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
I
INTELSAT S. A.
I
|
+$13.6M |
| 2 |
BNCL
Beneficial Bancorp, Inc.
BNCL
|
+$7.47M |
| 3 |
ESSA
ESSA Bancorp
ESSA
|
+$3.37M |
| 4 |
ANH
Anworth Mortgage Asset Corporation
ANH
|
+$2.92M |
| 5 |
Oppenheimer Holdings
OPY
|
+$2.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RUSS
Direxion Daily Russia Bear 3x Shares
RUSS
|
+$9.38M |
| 2 |
VER
VEREIT, Inc.
VER
|
+$9.07M |
| 3 |
Equinix
EQIX
|
+$8.31M |
| 4 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$7.53M |
| 5 |
PBF Energy
PBF
|
+$7.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 73.9% |
| 2 | Consumer Discretionary | 6.85% |
| 3 | Financials | 5.72% |
| 4 | Healthcare | 4.26% |
| 5 | Real Estate | 3.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Amazon
AMZN
$2.68T
| $270M | 23.34% |
14,512,000
+3,892,000
| +37% | +$68.4M |
|
2
PUT
Tesla
TSLA
$1.41T
| $143M | 12.38% |
11,377,500
| – | – |
|
3
CALL
Citigroup
C
$228B
| $72.1M | 6.23% |
1,400,000
+700,000
| +100% | +$35.6M |
|
4
Sonida Senior Living
SNDA
$1.89B
| $48.9M | 4.22% |
125,599
+3,588
| +3% | +$1.32M |
|
5
Greif Class B
GEF.B
$3.97B
| $41.7M | 3.6% |
910,265
+3,526
| +0.4% | +$161K |
|
6
PUT
Netflix
NFLX
$326B
| $41.2M | 3.56% |
6,916,000
| – | – |
|
7
CALL
Devon Energy
DVN
$56.2B
| $34.3M | 2.96% |
568,700
-234,500
| -29% | -$14.3M |
|
8
CALL
Carnival Corporation Ltd
CCL
$30.3B
| $28.2M | 2.44% |
590,000
| – | – |
|
|
FCE.A
9
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $24.6M | 2.13% |
964,208
| – | – |
|
|
10
CALL
Equinix
EQIX
$99.4B
| $21.1M | 1.82% |
90,400
| – | – |
|
11
CALL
APA Corp
APA
$16.6B
| $19.9M | 1.72% |
330,000
-230,000
| -41% | -$14.5M |
|
|
I
12
DELISTED
INTELSAT S. A.
I
| $19.1M | 1.65% |
1,592,867
+947,047
| +147% | +$13.6M |
|
13
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.5B
| $18.7M | 1.62% |
+450,000
| New | +$16.6M |
|
|
QVCGA
14
DELISTED
QVC Group Inc Series A
QVCGA
| $16.9M | 1.46% |
11,921
| – | – |
|
15
Texas Pacific Land
TPL
$25.7B
| $16.6M | 1.43% |
1,031,382
| – | – |
|
16
CALL
Halliburton
HAL
$29.7B
| $16.2M | 1.4% |
370,000
| – | – |
|
17
First Citizens BancShares
FCNCA
$24.5B
| $13.7M | 1.19% |
52,880
| – | – |
|
|
VIAB
18
CALL
DELISTED
Viacom Inc. Class B
VIAB
| $13.7M | 1.18% |
+200,000
| New | +$13.8M |
|
|
NWLIA
19
DELISTED
NATL WESTN LIFE INS CO CL A
NWLIA
| $13.6M | 1.18% |
53,623
-4,953
| -8% | -$1.26M |
|
20
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$258M
| $12.5M | 1.08% |
183,400
+56,800
| +45% | +$3.42M |
|
21
CALL
GE Aerospace
GE
$320B
| $12.4M | 1.07% |
104,331
| – | – |
|
|
VXX
22
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $11.5M | 1% |
28,100
+4,506
| +19% | +$2.19M |
|
23
Lennar Class B
LEN.B
$19B
| $11M | 0.95% |
286,008
+44,969
| +19% | +$1.61M |
|
24
CALL
Huntsman Corp
HUN
$1.61B
| $9.98M | 0.86% |
450,000
+350,000
| +350% | +$7.81M |
|
|
SHLD
25
PUT
DELISTED
Sears Holding Corporation
SHLD
| $9.91M | 0.86% |
239,500
| – | – |
|
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TM
GWM
BAM
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HVCM
Arbiter Partners Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Arbiter Partners Capital Management held 142 positions worth $1.16B, up 7.3% from $1.08B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Arbiter Partners Capital Management withdrew a net $35.7M in Q1 2015, closing 20 positions and reducing 13 holdings. Its most notable exit was Direxion Daily Russia Bear 3x Shares, an estimated $9.38M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 74% of assets, up from 70% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Arbiter Partners Capital Management opened a new position in Beneficial Bancorp, Inc. worth $7.61M.
- Arbiter Partners Capital Management's largest Q1 2015 buy was Beneficial Bancorp, Inc.: 673,709 shares worth $7.61M.
- Arbiter Partners Capital Management added most to INTELSAT S. A. in Q1 2015, an estimated $13.6M increase.
- Arbiter Partners Capital Management's biggest Q1 2015 reduction was Equinix, cutting an estimated $8.31M.
- Arbiter Partners Capital Management fully exited Direxion Daily Russia Bear 3x Shares in Q1 2015, selling an estimated $9.38M.
- Arbiter Partners Capital Management's ten largest holdings make up 63% of its $1.16B portfolio in Q1 2015.
- Arbiter Partners Capital Management opened 15 new positions and closed 20 in Q1 2015.
- Arbiter Partners Capital Management's portfolio value rose 7.3% quarter-over-quarter to $1.16B.
Based on Arbiter Partners Capital Management's 13F filing for Q1 2015, filed 11 May 2015.