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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
-0.56%
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
$2.23B
AUM Growth
+$976M
Cap. Flow
-$367M
Cap. Flow %
-16.43%
Top 10 Hldgs %
97.48%
Holding
54
New
5
Increased
4
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
LILAK icon
Liberty Latin America Class C
LILAK
+$10.2M
2
LILA icon
Liberty Latin America Class A
LILA
+$1.56M
3
NWLI
National Western Life Group, Inc. Class A
NWLI
+$205K
4
CSTR
CapStar Financial Holdings, Inc
CSTR
+$148K
5
ICCH
ICC Holdings, Inc.
ICCH
+$11.5K

Top Sells

Rank Stock Value
1
LEN.B icon
Lennar Class B
LEN.B
+$2.29M
2
KL
Kirkland Lake Gold Ltd Ordinary
KL
+$2.25M
3
CIVI
Civitas Resources
CIVI
+$1.14M
4
SPNT icon
SiriusPoint
SPNT
+$908K
5
STXS icon
Stereotaxis
STXS
+$673K

Sector Composition

Rank Sector Weight
1 Financials 3%
2 Consumer Discretionary 1.56%
3 Healthcare 0.81%
4 Communication Services 0.54%
5 Materials 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSLA icon
1
PUT
Tesla
TSLA
$1.18T
$2.03B 90.76%
14,166,000
-2,967,000
-17% -$350M
COWN
2
DELISTED
Cowen Inc. Class A Common Stock
COWN
$31.7M 1.42%
1,950,351
– –
ASHR icon
3
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
$21.4M 0.96%
621,300
-103,200
-14% -$3.54M
MSI icon
4
PUT
Motorola Solutions
MSI
$72.1B
$20.2M 0.91%
129,000
-215,500
-63% -$31.5M
TRUP icon
5
PUT
Trupanion
TRUP
$1.13B
$18.9M 0.85%
+240,000
New +$14.4M
STXS icon
6
Stereotaxis
STXS
$133M
$15.3M 0.69%
4,270,952
-174,623
-4% -$673K
GEF.B icon
7
Greif Class B
GEF.B
$4.13B
$12M 0.54%
303,330
– –
LILAK icon
8
Liberty Latin America Class C
LILAK
$1.69B
$10.7M 0.48%
1,447,514
+1,274,790
+738% +$10.2M
CIT
9
DELISTED
CIT Group Inc.
CIT
$10.5M 0.47%
590,610
– –
WRK
10
DELISTED
WestRock Company
WRK
$9.38M 0.42%
270,000
– –
LEN.B icon
11
Lennar Class B
LEN.B
$19.9B
$9.22M 0.41%
147,806
-42,381
-22% -$2.29M
LNC icon
12
Lincoln National
LNC
$7.92B
$7.69M 0.34%
245,432
– –
KL
13
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
$5.12M 0.23%
105,000
-45,000
-30% -$2.25M
IP icon
14
International Paper
IP
$22.6B
$4.05M 0.18%
105,600
– –
SNDA icon
15
Sonida Senior Living
SNDA
$1.93B
$2.85M 0.13%
302,445
– –
NWLI
16
DELISTED
National Western Life Group, Inc. Class A
NWLI
$2.78M 0.12%
15,195
+1,000
+7% +$205K
GEG icon
17
Great Elm Group
GEG
$68.7M
$2.71M 0.12%
1,150,000
– –
STT icon
18
State Street
STT
$48.4B
$2.67M 0.12%
45,000
– –
RTX icon
19
CALL
RTX Corp
RTX
$290B
$2.3M 0.1%
40,000
– –
PTVCA
20
DELISTED
Protective Insurance Corporation Class A Common Stock
PTVCA
$1.73M 0.08%
123,525
– –
MVC
21
DELISTED
MVC Capital, Inc.
MVC
$1.71M 0.08%
218,633
– –
LNC icon
22
CALL
Lincoln National
LNC
$7.92B
$1.49M 0.07%
47,600
– –
LILA icon
23
Liberty Latin America Class A
LILA
$1.72B
$1.43M 0.06%
+255,480
New +$1.56M
CSTR
24
DELISTED
CapStar Financial Holdings, Inc
CSTR
$1.36M 0.06%
138,729
+14,057
+11% +$148K
SPNT icon
25
SiriusPoint
SPNT
$3.03B
$1.33M 0.06%
191,054
-112,460
-37% -$908K
1
2 3

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Arbiter Partners Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Arbiter Partners Capital Management held 54 positions worth $2.23B, up 78% from $1.26B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Arbiter Partners Capital Management withdrew a net $367M in Q3 2020, closing 4 positions and reducing 8 holdings. Its most notable exit was Civitas Resources, an estimated $1.14M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3% of assets, down from 5.7% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Arbiter Partners Capital Management opened a new position in Liberty Latin America Class A worth $1.43M.

  • Arbiter Partners Capital Management's largest Q3 2020 buy was Liberty Latin America Class A: 255,480 shares worth $1.43M.
  • Arbiter Partners Capital Management added most to Liberty Latin America Class C in Q3 2020, an estimated $10.2M increase.
  • Arbiter Partners Capital Management's biggest Q3 2020 reduction was Lennar Class B, cutting an estimated $2.29M.
  • Arbiter Partners Capital Management fully exited Civitas Resources in Q3 2020, selling an estimated $1.14M.
  • Arbiter Partners Capital Management's ten largest holdings make up 97% of its $2.23B portfolio in Q3 2020.
  • Arbiter Partners Capital Management opened 5 new positions and closed 4 in Q3 2020.
  • Arbiter Partners Capital Management's portfolio value rose 78% quarter-over-quarter to $2.23B.

Based on Arbiter Partners Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.