1y return+28.9%S&P 500 +20.9%
3y return+152.3%S&P 500 +68.5%
5y return+99.2%S&P 500 +74.5%
10y return+242.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $342 against $357 in the S&P 500.2
Arbiter Partners Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GRALGrail Inc | $141.2M | 39.1% | +99.9% |
| GEF/BGreif Inc-cl B | $36.3M | 10.0% | +98.7% |
| CRBGCorebridge Financial Inc | $22.7M | 6.3% | +239.9% |
| SNDASonida Senior Living Inc | $16.4M | 4.5% | +165.6% |
| OPYOppenheimer Holdings-cl A | $14.1M | 3.9% | +142.2% |
| Siriuspoint LtdCUSIP G8192H106 | $11.6M | 3.2% | +141.5% |
| CBLCbl & Associates Properties | $11.6M | 3.2% | +100.0% |
| NAVINavient Corp | $11.3M | 3.1% | +158.5% |
| Osisko Development CorpCUSIP 68828E809 | $10.6M | 2.9% | +107.2% |
| GNWGenworth Financial Inc | $10.2M | 2.8% | +121.6% |
| SHGShinhan Financial Group-adr | $8.5M | 2.4% | New |
| RNAAtrium Therapeutics Inc | $7.0M | 1.9% | +127.2% |
| ELEElemental Royalty Corp | $5.9M | 1.6% | +100.0% |
| VETVermilion Energy Inc | $5.0M | 1.4% | +100.0% |
| STXSStereotaxis Inc | $5.0M | 1.4% | |
| MTGMgic Investment Corp | $4.9M | 1.4% | +100.0% |
| ARVNArvinas Inc | $4.9M | 1.4% | New |
| Liberty Latin Americ-cl CCUSIP G9001E128 | $4.7M | 1.3% | +93.5% |
| TBNTamboran Resources Corp | $4.4M | 1.2% | +100.0% |
| TFPMTriple Flag Precious Met | $3.5M | 1.0% | +100.0% |
| Navios Maritime Partners LPCUSIP Y62267409 | $3.5M | 1.0% | +100.0% |
| CWBCCommunity West Bancshares | $2.8M | 0.8% | +137.4% |
| Liberty Latin Americ-cl ACUSIP G9001E102 | $2.6M | 0.7% | +100.0% |
| NODKNi Holdings Inc | $2.0M | 0.5% | +143.6% |
| Weatherford International PlCUSIP G48833118 | $1.6M | 0.5% | +100.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GRALGrail Inc | June 30, 2024 | +344.2% | $141.2M |
| OPYOppenheimer Holdings-cl A | September 30, 2022 | +240.7% | $14.1M |
| Siriuspoint LtdCUSIP G8192H106 | December 31, 2021 | +195.2% | $11.6M |
| GEF/BGreif Inc-cl B | June 30, 2020 | +123.6% | $36.3M |
| MTGMgic Investment Corp | September 30, 2022 | +120.0% | $4.9M |
| LEN/BLennar Corp - B Shs | June 30, 2020 | +92.5% | $999K |
| CBLCbl & Associates Properties | September 30, 2025 | +73.6% | $11.6M |
| Osisko Development CorpCUSIP 68828E809 | March 31, 2025 | +65.1% | $10.6M |
| TFPMTriple Flag Precious Met | March 31, 2025 | +56.5% | $3.5M |
| Navios Maritime Partners LPCUSIP Y62267409 | September 30, 2025 | +55.5% | $3.5M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.4% | +14.8% |
| March 31, 2026 | −17.3% | −4.6% |
| December 31, 2025 | +22.4% | +2.4% |
| September 30, 2025 | +12.3% | +7.8% |
| June 30, 2025 | +40.7% | +10.5% |
| March 31, 2025 | +5.3% | −4.6% |
| December 31, 2024 | −2.2% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | −5.3% | +4.0% |
| March 31, 2024 | +31.1% | +10.0% |
| December 31, 2023 | +6.2% | +11.2% |
| September 30, 2023 | −3.0% | −3.6% |
| June 30, 2023 | +4.7% | +8.3% |
| March 31, 2023 | −2.7% | +7.0% |
| December 31, 2022 | +14.8% | +7.1% |
| September 30, 2022 | +6.0% | −5.3% |
| June 30, 2022 | −19.5% | −16.5% |
| March 31, 2022 | −10.2% | −4.9% |
| December 31, 2021 | −0.5% | +10.7% |
| September 30, 2021 | −11.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Arbiter Partners Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1513193&type=13F-HR&dateb=&owner=include&count=40CIK 1513193
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1513193/000106299326004109/Filed August 10, 2026 · accession 0001062993-26-004109