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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
-0.01%
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
$495M
AUM Growth
-$400M
(-45%)
Cap. Flow
-$387M
Cap. Flow
% of AUM
-78.04%
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 | Financials | 9.05% |
| 2 | Consumer Discretionary | 7.24% |
| 3 | Healthcare | 4.95% |
| 4 | Energy | 1.34% |
| 5 | Real Estate | 0.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.18T
| $180M | 36.3% |
9,639,000
-9,204,000
| -49% | -$185M |
|
2
PUT
Motorola Solutions
MSI
$72.1B
| $118M | 23.89% |
843,000
-332,500
| -28% | -$43.1M |
|
|
COWN
3
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $24.1M | 4.87% |
1,664,180
-33,080
| -2% | -$506K |
|
4
PUT
lululemon athletica
LULU
$13.5B
| $23.9M | 4.82% |
145,800
| – | – |
|
|
5
Greif Class B
GEF.B
$4.13B
| $22.4M | 4.52% |
457,969
-139,725
| -23% | -$6.37M |
|
6
Sonida Senior Living
SNDA
$1.93B
| $18M | 3.64% |
301,242
-1,333
| -0.4% | -$121K |
|
7
PUT
Clorox
CLX
$12B
| $11.2M | 2.27% |
70,000
| – | – |
|
|
I
8
DELISTED
INTELSAT S. A.
I
| $10.1M | 2.05% |
647,337
-136,369
| -17% | -$2.89M |
|
9
PUT
Hormel Foods
HRL
$14.2B
| $8.95M | 1.81% |
200,000
-260,000
| -57% | -$11.1M |
|
10
PUT
AT&T
T
$164B
| $8.47M | 1.71% |
357,480
-66,200
| -16% | -$1.52M |
|
|
11
Sportsman's Warehouse
SPWH
$44.9M
| $7.25M | 1.46% |
1,511,397
-601,105
| -28% | -$3.24M |
|
12
Lincoln National
LNC
$7.92B
| $6.89M | 1.39% |
117,398
| – | – |
|
13
Lennar Class B
LEN.B
$19.9B
| $6.21M | 1.25% |
166,946
| – | – |
|
|
PRTK
14
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $5.93M | 1.2% |
1,106,422
-5,514
| -0.5% | -$35.6K |
|
15
PUT
Textron
TXT
$14.9B
| $5.13M | 1.04% |
101,300
| – | – |
|
16
Great Elm Group
GEG
$68.7M
| $4.89M | 0.99% |
1,150,000
| – | – |
|
17
PUT
NVIDIA
NVDA
$4.6T
| $4.31M | 0.87% |
960,000
| – | – |
|
18
PUT
Chipotle Mexican Grill
CMG
$43.9B
| $3.55M | 0.72% |
250,000
-1,700,000
| -87% | -$19.7M |
|
|
HK
19
DELISTED
Halcon Resources Corporation
HK
| $2.92M | 0.59% |
2,162,593
| – | – |
|
20
PUT
Five Below
FIVE
$11.6B
| $2.88M | 0.58% |
23,200
-40,000
| -63% | -$4.84M |
|
21
Lake Shore Bancorp
LSBK
$135M
| $2.74M | 0.55% |
173,406
-1,200
| -0.7% | -$18.8K |
|
22
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
| $1.75M | 0.35% |
61,100
-170,000
| -74% | -$4.35M |
|
|
CIVI
23
DELISTED
Civitas Resources
CIVI
| $1.74M | 0.35% |
76,747
-15,885
| -17% | -$366K |
|
|
MVC
24
DELISTED
MVC Capital, Inc.
MVC
| $1.73M | 0.35% |
190,854
| – | – |
|
25
SiriusPoint
SPNT
$3.03B
| $1.54M | 0.31% |
148,850
| – | – |
|
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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 $387M 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 Financials at 9.1% of assets, up from 5% a quarter earlier, followed by Consumer Discretionary and Healthcare.
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.