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Arbiter Partners Capital Management LLC

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13F filer, CIK 1513193, NEW YORK, NY

Arbiter Partners Capital Management LLC reported $196,546,873 across 44 holdings for the quarter ended 2026-06-30, in a 13F-HR/A filed 2026-09-15. Its ten largest share positions make up 75.84% of the portfolio.

Accepted , ingested 13F-HR/A 0001062993-26-004959

A NEW HOLDINGS amendment repeated most of the original and was read as a restatement (H3).

Period
2026-06-30
Reported value
$197M
Holdings
44
Top 10 weight
75.84%
New
5
Sold out
6

Part of the filer group Arbiter Partners Capital Management LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SBMTnew+958,010$6.48M
CRBGadded+163,500$4.68M
SHGnew+67,169$4.25M
ARVNnew+294,594$2.45M
NAVIadded+150,000$1.28M

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
MSFTexited-2,000-$740K
GOOGLexited-2,500-$719K
VOXRreduced-98,000-$464K
SNDAreduced-11,334-$462K
OPRTreduced-70,000-$400K

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, Q2 2026

Share positions as resolved from 13F-HR/A 0001062993-26-004959, largest first. % of portfolio is the value over $187,147,019, 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; 2024Q3: 269,108 shares; 2024Q4: 830,642 shares; 2025Q1: 1,025,042 shares; 2025Q2: 1,037,898 shares; 2025Q3: 1,035,897 shares; 2025Q4: 1,035,597 shares; 2026Q1: 1,034,597 shares; 2026Q2: 1,034,297 shares 1,034,297$70.6M37.73%-300Timeline
GEF-BGREIF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 199,063 shares; 2024Q4: 197,033 shares; 2025Q1: 197,033 shares; 2025Q2: 197,033 shares; 2025Q3: 197,033 shares; 2025Q4: 197,033 shares; 2026Q1: 195,033 shares; 2026Q2: 193,771 shares 193,771$18.1M9.69%-1,262Timeline
CRBGCOREBRIDGE FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 88,755 shares; 2024Q4: 182,155 shares; 2025Q1: 182,155 shares; 2025Q2: 188,655 shares; 2025Q3: 188,655 shares; 2025Q4: 270,055 shares; 2026Q1: 233,655 shares; 2026Q2: 397,155 shares 397,155$11.4M6.08%+163,500Timeline
OPYOPPENHEIMER HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 22,900 shares; 2024Q4: 49,683 shares; 2025Q1: 54,999 shares; 2025Q2: 54,999 shares; 2025Q3: 54,999 shares; 2025Q4: 54,999 shares; 2026Q1: 54,999 shares; 2026Q2: 66,599 shares 66,599$7.03M3.76%+11,600Timeline
SBMTSILVER BOW MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 958,010 shares 958,010$6.48M3.46%newTimeline
SPNTSIRIUSPOINT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 85,747 shares; 2024Q4: 214,282 shares; 2025Q1: 214,282 shares; 2025Q2: 200,832 shares; 2025Q3: 200,832 shares; 2025Q4: 200,832 shares; 2026Q1: 200,832 shares; 2026Q2: 242,532 shares 242,532$5.82M3.11%+41,700Timeline
CBLCBL & ASSOC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 96,563 shares; 2025Q4: 120,244 shares; 2026Q1: 109,244 shares; 2026Q2: 109,244 shares 109,244$5.8M3.1%0Timeline
SNDASONIDA SENIOR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 320,983 shares; 2024Q4: 307,569 shares; 2025Q1: 320,995 shares; 2025Q2: 225,331 shares; 2025Q3: 218,833 shares; 2025Q4: 182,824 shares; 2026Q1: 152,231 shares; 2026Q2: 140,897 shares 140,897$5.75M3.07%-11,334Timeline
NAVINAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 105,744 shares; 2025Q4: 155,094 shares; 2026Q1: 512,548 shares; 2026Q2: 662,548 shares 662,548$5.64M3.01%+150,000Timeline
ODVOSISKO DEVELOPMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares; 2025Q3: 340,000 shares; 2025Q4: 937,854 shares; 2026Q1: 2,087,496 shares; 2026Q2: 2,162,496 shares 2,162,496$5.32M2.84%+75,000Timeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 242,000 shares; 2025Q2: 346,400 shares; 2025Q3: 487,400 shares; 2025Q4: 487,400 shares; 2026Q1: 487,400 shares; 2026Q2: 540,124 shares 540,124$5.11M2.73%+52,724Timeline
STXSSTEREOTAXIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,883,856 shares; 2026Q1: 2,883,856 shares; 2026Q2: 2,883,856 shares 2,883,856$4.96M2.65%0Timeline
SHGSHINHAN FINANCIAL GROUP CO LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 10,600 shares; 2024Q4: 10,600 shares; 2025Q1: 25,600 shares; 2025Q2: 39,600 shares; 2025Q3: 137,169 shares; 2025Q4: 138,169 shares; 2026Q1: not reported; 2026Q2: 67,169 shares 67,169$4.25M2.27%newTimeline
RNAATRIUM THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 230,000 shares; 2026Q2: 261,288 shares 261,288$3.51M1.88%+31,288Timeline
ELEELEMENTAL RTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 27,033 shares; 2026Q1: 168,317 shares; 2026Q2: 168,317 shares 168,317$2.94M1.57%0Timeline
VETVERMILION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 216,235 shares; 2025Q2: not reported; 2025Q3: 250,235 shares; 2025Q4: 266,738 shares; 2026Q1: 266,738 shares; 2026Q2: 266,738 shares 266,738$2.5M1.34%0Timeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 74,000 shares; 2024Q4: 74,000 shares; 2025Q1: 74,000 shares; 2025Q2: 74,000 shares; 2025Q3: 74,000 shares; 2025Q4: 74,000 shares; 2026Q1: 87,000 shares; 2026Q2: 87,000 shares 87,000$2.45M1.31%0Timeline
ARVNARVINAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 452,789 shares; 2025Q4: 452,789 shares; 2026Q1: not reported; 2026Q2: 294,594 shares 294,594$2.45M1.31%newTimeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 359,048 shares; 2024Q4: 359,048 shares; 2025Q1: 359,048 shares; 2025Q2: 359,048 shares; 2025Q3: 359,048 shares; 2025Q4: 359,048 shares; 2026Q1: 309,048 shares; 2026Q2: 299,048 shares 299,048$2.33M1.24%-10,000Timeline
TBNTAMBORAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 49,542 shares; 2025Q4: 57,212 shares; 2026Q1: 67,212 shares; 2026Q2: 67,212 shares 67,212$2.19M1.17%0Timeline
TFPMTRIPLE FLAG PRECIOUS METALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 54,000 shares; 2025Q2: 54,000 shares; 2025Q3: 54,000 shares; 2025Q4: 72,000 shares; 2026Q1: 58,476 shares; 2026Q2: 58,476 shares 58,476$1.75M0.94%0Timeline
NMMNAVIOS MARITIME PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 24,800 shares; 2025Q4: 24,800 shares; 2026Q1: 24,800 shares; 2026Q2: 24,800 shares 24,800$1.74M0.93%0Timeline
CWBCCOMMUNITY WEST BANCSHARES NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,739 shares; 2025Q2: 43,864 shares; 2025Q3: 43,864 shares; 2025Q4: 43,864 shares; 2026Q1: 43,864 shares; 2026Q2: 52,064 shares 52,064$1.4M0.75%+8,200Timeline
LILALIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 164,481 shares; 2024Q4: 164,481 shares; 2025Q1: 164,481 shares; 2025Q2: 164,481 shares; 2025Q3: 164,481 shares; 2025Q4: 164,481 shares; 2026Q1: 164,481 shares; 2026Q2: 164,481 shares 164,481$1.29M0.69%0Timeline
NODKNI HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 20,392 shares; 2024Q4: 51,392 shares; 2025Q1: 51,392 shares; 2025Q2: 51,392 shares; 2025Q3: 51,392 shares; 2025Q4: 51,392 shares; 2026Q1: 51,392 shares; 2026Q2: 62,592 shares 62,592$983K0.53%+11,200Timeline
WFRDWEATHERFORD INTL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares; 2025Q4: 10,000 shares; 2026Q1: 10,000 shares; 2026Q2: 10,000 shares 10,000$815K0.44%0Timeline
OPRTOPORTUN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 141,109 shares; 2026Q1: 192,106 shares; 2026Q2: 122,106 shares 122,106$697K0.37%-70,000Timeline
AVBCAVIDIA BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 32,800 shares; 2026Q1: 32,800 shares; 2026Q2: 32,800 shares 32,800$688K0.37%0Timeline
LEN-BLENNAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 6,889 shares; 2024Q4: 5,629 shares; 2025Q1: 5,629 shares; 2025Q2: 5,629 shares; 2025Q3: 5,629 shares; 2025Q4: 5,629 shares; 2026Q1: 5,629 shares; 2026Q2: 5,629 shares 5,629$499K0.27%0Timeline
OABIOMNIAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 160,529 shares; 2025Q4: 192,585 shares; 2026Q1: 192,585 shares; 2026Q2: 192,585 shares 192,585$474K0.25%0Timeline
MRTMARTI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 65,952 shares; 2025Q1: 65,952 shares; 2025Q2: 65,952 shares; 2025Q3: 173,175 shares; 2025Q4: 229,935 shares; 2026Q1: 286,254 shares; 2026Q2: 323,076 shares 323,076$423K0.23%+36,822Timeline
MTAMETALLA RTY & STREAMING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 34,000 shares; 2026Q1: 34,000 shares; 2026Q2: 34,000 shares 34,000$259K0.14%0Timeline
OLNOLIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 12,900 shares; 2026Q1: 12,900 shares; 2026Q2: 12,900 shares 12,900$256K0.14%0Timeline
TRCTEJON RANCH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 14,742 shares; 2024Q4: 14,742 shares; 2025Q1: 13,742 shares; 2025Q2: 13,742 shares; 2025Q3: 13,742 shares; 2025Q4: 13,742 shares; 2026Q1: 12,993 shares; 2026Q2: 12,993 shares 12,993$243K0.13%0Timeline
GROYGOLD ROYALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 78,600 shares; 2026Q1: 78,600 shares; 2026Q2: 78,600 shares 78,600$217K0.12%0Timeline
NICMNICOLA MNG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 31,193 shares 31,193$196K0.1%newTimeline
MLCIMOUNT LOGAN CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 35,505 shares; 2026Q1: 35,505 shares; 2026Q2: 35,505 shares 35,505$122K0.07%0Timeline
VOXRVOX ROYALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 23,920 shares; 2025Q4: 121,920 shares; 2026Q1: 121,920 shares; 2026Q2: 23,920 shares 23,920$113K0.06%-98,000Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 27,000 shares; 2026Q2: 27,000 shares 27,000$111K0.06%0Timeline
BTGB2GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares; 2025Q3: 25,000 shares; 2025Q4: 25,000 shares; 2026Q1: 25,000 shares; 2026Q2: 25,000 shares 25,000$93.5K0.05%0Timeline
LRELEAD REAL ESTATE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 18,495 shares; 2026Q1: not reported; 2026Q2: 64,752 shares 64,752$85.5K0.05%newTimeline
CLPRCLIPPER RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 22,618 shares; 2024Q4: 22,618 shares; 2025Q1: 22,618 shares; 2025Q2: 22,618 shares; 2025Q3: 22,618 shares; 2025Q4: 22,618 shares; 2026Q1: 22,618 shares; 2026Q2: 22,618 shares 22,618$61.5K0.03%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 COMput20,600$8.66M-28,800
ABRARBOR REALTY TRUST INC COMput135,700$735K-284,000

Sold out in Q2 2026

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

SecurityShares beforeValue beforeType
GOOGLALPHABET INC9,800$2.82Mcall
METMETLIFE INC20,000$1.41Mcall
AAPLAPPLE INC4,900$1.24Mput
MSFTMICROSOFT CORP2,000$740Kshares
GOOGLALPHABET INC2,500$719Kshares
DVNDEVON ENERGY CORP NEW4,000$201Kshares

How Q2 2026 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 0001062993-26-004109 superseded2026-08-10acceptance time not in the bulk data set
13F-HR/A 0001062993-26-004507 supersedednew holdings2026-08-19acceptance time not in the bulk data set
13F-HR/A 0001062993-26-004959 basenew holdings2026-09-15