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APCM
Arbiter Partners Capital Management Portfolio holdings
AUM
$175M
1-Year Est. Return
99.81%
This Fund
S&P 500
This Quarter
Est. Return
+8.51%
1 Year Est. Return
+99.81%
3 Year Est. Return
+329.06%
5 Year Est. Return
+284.7%
10 Year Est. Return
+937.68%
AUM
$596M
AUM Growth
-$245M
(-29%)
Cap. Flow
-$268M
Cap. Flow
% of AUM
-44.89%
Top 10 Holdings %
Top 10 Hldgs %
69.91%
Holding
97
New
9
Increased
12
Reduced
20
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sonida Senior Living
SNDA
|
+$24.2M |
| 2 |
Gilead Sciences
GILD
|
+$7.66M |
| 3 |
UFS
DOMTAR CORPORATION (New)
UFS
|
+$7.59M |
| 4 |
Xerox
XRX
|
+$7.28M |
| 5 |
GameStop
GME
|
+$6.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Citizens BancShares
FCNCA
|
+$18.2M |
| 2 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$15M |
| 3 |
Texas Pacific Land
TPL
|
+$8.23M |
| 4 |
SPLS
Staples Inc
SPLS
|
+$2.93M |
| 5 |
ESSA
ESSA Bancorp
ESSA
|
+$2.43M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 14.03% |
| 2 | Healthcare | 13.68% |
| 3 | Financials | 8.7% |
| 4 | Energy | 6.5% |
| 5 | Technology | 3.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.18T
| $69.2M | 11.6% |
4,857,000
-750,000
| -13% | -$9.86M |
|
|
2
Sonida Senior Living
SNDA
$1.93B
| $68.1M | 11.43% |
283,043
+102,190
| +57% | +$24.2M |
|
|
PXD
3
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $62.1M | 10.41% |
344,900
| – | – |
|
4
Greif Class B
GEF.B
$4.13B
| $52.2M | 8.76% |
773,284
-33,783
| -4% | -$2.18M |
|
5
CALL
Citigroup
C
$213B
| $40.1M | 6.73% |
675,000
-100,000
| -13% | -$5.4M |
|
6
CALL
SPDR Gold Trust
GLD
$131B
| $38.9M | 6.53% |
355,000
| – | – |
|
|
7
Texas Pacific Land
TPL
$26.9B
| $35.2M | 5.9% |
1,067,103
-262,548
| -20% | -$8.23M |
|
8
Extreme Networks
EXTR
$3.8B
| $18.5M | 3.1% |
3,678,863
| – | – |
|
|
COWN
9
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $17.6M | 2.95% |
1,133,623
+46,027
| +4% | +$661K |
|
|
I
10
DELISTED
INTELSAT S. A.
I
| $15M | 2.51% |
5,599,575
+10,000
| +0.2% | +$30.3K |
|
|
CBI
11
CALL
DELISTED
Chicago Bridge & Iron Nv
CBI
| $14.6M | 2.45% |
460,000
-200,000
| -30% | -$6.26M |
|
12
Lennar Class B
LEN.B
$19.9B
| $12.7M | 2.13% |
395,406
| – | – |
|
|
VXX
13
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $11.2M | 1.87% |
109,475
-154,125
| -58% | -$18.5M |
|
|
14
CALL
Gilead Sciences
GILD
$165B
| $10.7M | 1.8% |
150,000
+50,000
| +50% | +$3.72M |
|
|
15
Gilead Sciences
GILD
$165B
| $9.67M | 1.62% |
135,000
+103,000
| +322% | +$7.66M |
|
16
CALL
McKesson
MCK
$104B
| $9.55M | 1.6% |
68,000
| – | – |
|
|
WLH
17
DELISTED
WILLIAM LYON HOMES
WLH
| $8.99M | 1.51% |
472,493
+22,825
| +5% | +$433K |
|
18
CALL
Devon Energy
DVN
$51.3B
| $7.99M | 1.34% |
175,000
-25,000
| -13% | -$1.1M |
|
|
UFS
19
DELISTED
DOMTAR CORPORATION (New)
UFS
| $7.78M | 1.3% |
+199,338
| New | +$7.59M |
|
20
PUT
Blackrock
BLK
$167B
| $7.61M | 1.28% |
+20,000
| New | +$7.33M |
|
|
21
Xerox
XRX
$345M
| $7.25M | 1.22% |
315,048
+292,278
| +1,284% | +$7.28M |
|
|
22
Citigroup
C
$213B
| $7.19M | 1.21% |
121,000
| – | – |
|
|
23
GameStop
GME
$9.8B
| $6.2M | 1.04% |
+981,812
| New | +$6.06M |
|
|
NAK
24
Northern Dynasty Minerals
NAK
$773M
| $5.25M | 0.88% |
2,535,027
+644,764
| +34% | +$749K |
|
25
Affiliated Managers Group
AMG
$9.51B
| $4.88M | 0.82% |
+33,585
| New | +$4.88M |
|
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Arbiter Partners Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Arbiter Partners Capital Management held 97 positions worth $596M, down 29% from $841M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Arbiter Partners Capital Management withdrew a net $268M in Q4 2016, closing 15 positions and reducing 20 holdings. Its most notable exit was Staples Inc, an estimated $2.93M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 14% of assets, up from 9.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Arbiter Partners Capital Management opened a new position in DOMTAR CORPORATION (New) worth $7.78M.
- Arbiter Partners Capital Management's largest Q4 2016 buy was DOMTAR CORPORATION (New): 199,338 shares worth $7.78M.
- Arbiter Partners Capital Management added most to Sonida Senior Living in Q4 2016, an estimated $24.2M increase.
- Arbiter Partners Capital Management's biggest Q4 2016 reduction was First Citizens BancShares, cutting an estimated $18.2M.
- Arbiter Partners Capital Management fully exited Staples Inc in Q4 2016, selling an estimated $2.93M.
- Arbiter Partners Capital Management's ten largest holdings make up 70% of its $596M portfolio in Q4 2016.
- Arbiter Partners Capital Management opened 9 new positions and closed 15 in Q4 2016.
- Arbiter Partners Capital Management's portfolio value fell 29% quarter-over-quarter to $596M.
Based on Arbiter Partners Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.