Skip to content
Disclosery

Arbiter Partners Capital Management LLC

Follow

13F filer, CIK 1513193, NEW YORK, NY

Arbiter Partners Capital Management LLC reported $167,440,481 across 40 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 80.33% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001062993-25-016665

Period
2025-09-30
Reported value
$167M
Holdings
40
Top 10 weight
80.33%
New
13
Sold out
3

Part of the filer group Arbiter Partners Capital Management LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SHGadded+97,569$4.91M
ARVNnew+452,789$3.86M
CBLnew+96,563$2.95M
VETnew+250,235$1.96M
NAVInew+105,744$1.39M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BURFORD CAPITAL LTDexited-14,800-$487K
SENECA FOODS CORP NEWexited-2,878-$294K
INBXexited-19,759-$282K
SNDAreduced-6,498-$180K
GRALreduced-2,001-$118K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001062993-25-016665, largest first. % of portfolio is the value over $145,867,365, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GRALGRAIL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 269,108 shares; 2024Q4: 830,642 shares; 2025Q1: 1,025,042 shares; 2025Q2: 1,037,898 shares; 2025Q3: 1,035,897 shares 1,035,897$61.3M41.99%-2,001Timeline
GEF-BGREIF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,063 shares; 2024Q4: 197,033 shares; 2025Q1: 197,033 shares; 2025Q2: 197,033 shares; 2025Q3: 197,033 shares 197,033$12.1M8.32%0Timeline
STXSSTEREOTAXIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,791,068 shares; 2024Q4: 2,791,068 shares; 2025Q1: 2,853,856 shares; 2025Q2: 2,853,856 shares; 2025Q3: 2,853,856 shares 2,853,856$8.88M6.08%0Timeline
SHGSHINHAN FINANCIAL GROUP CO LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,600 shares; 2024Q4: 10,600 shares; 2025Q1: 25,600 shares; 2025Q2: 39,600 shares; 2025Q3: 137,169 shares 137,169$6.91M4.74%+97,569Timeline
SNDASONIDA SENIOR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,983 shares; 2024Q4: 307,569 shares; 2025Q1: 320,995 shares; 2025Q2: 225,331 shares; 2025Q3: 218,833 shares 218,833$6.07M4.16%-6,498Timeline
CRBGCOREBRIDGE FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,755 shares; 2024Q4: 182,155 shares; 2025Q1: 182,155 shares; 2025Q2: 188,655 shares; 2025Q3: 188,655 shares 188,655$6.05M4.15%0Timeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 242,000 shares; 2025Q2: 346,400 shares; 2025Q3: 487,400 shares 487,400$4.34M2.97%+141,000Timeline
OPYOPPENHEIMER HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,900 shares; 2024Q4: 49,683 shares; 2025Q1: 54,999 shares; 2025Q2: 54,999 shares; 2025Q3: 54,999 shares 54,999$4.06M2.79%0Timeline
ARVNARVINAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 452,789 shares 452,789$3.86M2.64%newTimeline
SPNTSIRIUSPOINT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,747 shares; 2024Q4: 214,282 shares; 2025Q1: 214,282 shares; 2025Q2: 200,832 shares; 2025Q3: 200,832 shares 200,832$3.63M2.49%0Timeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 359,048 shares; 2024Q4: 359,048 shares; 2025Q1: 359,048 shares; 2025Q2: 359,048 shares; 2025Q3: 359,048 shares 359,048$3.03M2.08%0Timeline
CBLCBL & ASSOC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 96,563 shares 96,563$2.95M2.02%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,500 shares; 2025Q2: 12,000 shares; 2025Q3: 12,000 shares 12,000$2.92M2%0Timeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,000 shares; 2024Q4: 74,000 shares; 2025Q1: 74,000 shares; 2025Q2: 74,000 shares; 2025Q3: 74,000 shares 74,000$2.1M1.44%0Timeline
VETVERMILION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 216,235 shares; 2025Q2: not reported; 2025Q3: 250,235 shares 250,235$1.96M1.34%newTimeline
JBGSJBG SMITH PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,000 shares; 2025Q2: 78,209 shares; 2025Q3: 78,209 shares 78,209$1.74M1.19%0Timeline
TFPMTRIPLE FLAG PRECIOUS METALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 54,000 shares; 2025Q2: 54,000 shares; 2025Q3: 54,000 shares 54,000$1.58M1.08%0Timeline
NAVINAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 105,744 shares 105,744$1.39M0.95%newTimeline
LILALIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 164,481 shares; 2024Q4: 164,481 shares; 2025Q1: 164,481 shares; 2025Q2: 164,481 shares; 2025Q3: 164,481 shares 164,481$1.36M0.93%0Timeline
TBNTAMBORAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 49,542 shares 49,542$1.36M0.93%newTimeline
ODVOSISKO DEVELOPMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares; 2025Q3: 340,000 shares 340,000$1.15M0.79%+320,000Timeline
NMMNAVIOS MARITIME PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 24,800 shares 24,800$1.12M0.77%newTimeline
EMX RTY CORPEMX RTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 102,895 shares; 2025Q2: 205,915 shares; 2025Q3: 205,915 shares 205,915$1.06M0.73%0
CWBCCOMMUNITY WEST BANCSHARES NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,739 shares; 2025Q2: 43,864 shares; 2025Q3: 43,864 shares 43,864$914K0.63%0Timeline
NODKNI HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,392 shares; 2024Q4: 51,392 shares; 2025Q1: 51,392 shares; 2025Q2: 51,392 shares; 2025Q3: 51,392 shares 51,392$697K0.48%0Timeline
WFRDWEATHERFORD INTL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$684K0.47%newTimeline
LEN-BLENNAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,889 shares; 2024Q4: 5,629 shares; 2025Q1: 5,629 shares; 2025Q2: 5,629 shares; 2025Q3: 5,629 shares 5,629$675K0.46%0Timeline
DVNDEVON ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,400 shares; 2024Q4: 13,000 shares; 2025Q1: 13,000 shares; 2025Q2: 13,000 shares; 2025Q3: 13,000 shares 13,000$456K0.31%0Timeline
SENEASENECA FOODS CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,190 shares; 2024Q4: 4,190 shares; 2025Q1: 4,190 shares; 2025Q2: 4,190 shares; 2025Q3: 3,690 shares 3,690$398K0.27%-500Timeline
MRTMARTI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 65,952 shares; 2025Q1: 65,952 shares; 2025Q2: 65,952 shares; 2025Q3: 173,175 shares 173,175$353K0.24%+107,223Timeline
OABIOMNIAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 160,529 shares 160,529$257K0.18%newTimeline
TRCTEJON RANCH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,742 shares; 2024Q4: 14,742 shares; 2025Q1: 13,742 shares; 2025Q2: 13,742 shares; 2025Q3: 13,742 shares 13,742$220K0.15%0Timeline
BTGB2GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares; 2025Q3: 25,000 shares 25,000$124K0.08%0Timeline
VOXRVOX ROYALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 23,920 shares 23,920$103K0.07%newTimeline
CLPRCLIPPER RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,618 shares; 2024Q4: 22,618 shares; 2025Q1: 22,618 shares; 2025Q2: 22,618 shares; 2025Q3: 22,618 shares 22,618$85.9K0.06%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TSLATESLA INC COMput32,500$14.5Mnew
ABRARBOR REALTY TRUST INC COMput315,900$3.86Mnew
AAPLAPPLE INC COMput4,900$1.25Mnew
GOOGLALPHABET INC COMcall4,900$1.19M0
METMETLIFE INC Stockcall10,000$824Knew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BURFORD CAPITAL LTDBURFORD CAPITAL LTD14,800$487Kshares
SENECA FOODS CORP NEWSENECA FOODS CORP NEW2,878$294Kshares
INBXINHIBRX BIOSCIENCES INC19,759$282Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001062993-25-016665 base2025-11-12acceptance time not in the bulk data set