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Livermore
Livermore
ZHEN

Arbiter Partners Capital Management LLC

SEC CIK
0001513193
Latest filing
Sep 15, 2026

The latest 13F from Arbiter Partners Capital Management LLC covers Q2 2026 (filed Sep 15, 2026): 42 long positions worth $187.1M. The top 10 holdings make up 75.8% of the portfolio, and the largest is GRAIL, Inc. (GRAL) at 37.7%. Livermore has 26 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$13.5M
Added
10
Est. +$9.73M
Reduced
6
Est. −$1.54M
Sold out
3
Est. −$1.66M

Top 5 holdings

Share of this quarter's portfolio value

  1. GRALGRAIL, Inc.
    37.7%$70.6MHistory
  2. GEF.BGreif, Inc
    9.7%$18.1MHistory
  3. CRBGCorebridge Financial, Inc.
    6.1%$11.4MHistory
  4. OPYOppenheimer Holdings Inc
    3.8%$7.03MHistory
  5. SBMTSilver Bow Mining Corp.
    3.5%$6.48MHistory

Share of portfolio

Top 5 holdings and the other 37 positions, by share of portfolio value

  1. GRAL37.7%
  2. GEF.B9.7%
  3. CRBG6.1%
  4. OPY3.8%
  5. SBMT3.5%
  6. Other 37 positions39.3%

Biggest buys

New and added positions, by estimated amount bought

  1. SBMTSilver Bow Mining Corp.
    +$6.48MNewHistory
  2. CRBGCorebridge Financial, Inc.
    +$4.68MAddedHistory
  3. SHGShinhan Financial Group Co Ltd
    +$4.25MNewHistory
  4. ARVNArvinas, Inc.
    +$2.45MNewHistory
  5. NAVINavient Corp
    +$1.28MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SBMTSilver Bow Mining Corp.
    +3.46 pp0.0% → 3.5%History
  2. CRBGCorebridge Financial, Inc.
    +2.29 pp3.8% → 6.1%History
  3. SHGShinhan Financial Group Co Ltd
    +2.27 pp0.0% → 2.3%History
  4. ARVNArvinas, Inc.
    +1.31 pp0.0% → 1.3%History
  5. OPYOppenheimer Holdings Inc
    +0.43 pp3.3% → 3.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$740.3KSold outHistory
  2. GOOGLAlphabet Inc.
    −$718.9KSold outHistory
  3. VOXRVox Royalty Corp.
    −$463.5KReducedHistory
  4. SNDASonida Senior Living, Inc.
    −$462.4KReducedHistory
  5. OPRTOportun Financial Corp
    −$399.7KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GEF.BGreif, Inc
    −1.90 pp11.6% → 9.7%History
  2. LILAKLiberty Latin America Ltd.
    −0.60 pp1.8% → 1.2%History
  3. MSFTMicrosoft Corp
    −0.50 pp0.5% → 0.0%History
  4. GOOGLAlphabet Inc.
    −0.49 pp0.5% → 0.0%History
  5. VOXRVox Royalty Corp.
    −0.37 pp0.4% → 0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$187.1M
+$39.7M (+26.9%) vs. prior quarter
Positions
42
+2 vs. prior quarter
Top 10 concentration
75.8%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
10.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $188.3M (Q1 2021)

Q1 2021: $188.3MQ2 2021: $165.0MQ3 2021: $144.0MQ4 2021: $143.0MQ1 2022: $136.5MQ2 2022: $102.3MQ3 2022: $70.3MQ4 2022: $84.0MQ1 2023: $78.7MQ2 2023: $59.7MQ3 2023: $55.6MQ4 2023: $49.5MQ1 2024: $55.2MQ2 2024: $49.4MQ3 2024: $50.6MQ4 2024: $67.6MQ1 2025: $82.2MQ2 2025: $112.7MQ3 2025: $145.9MQ4 2025: $185.8MQ1 2026: $147.4MQ2 2026: $187.1M
Q1 2021Q2 2026
13F filings of Arbiter Partners Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Sep 15, 2026Amended42$187.1MGRALGEF.BCRBGvs. Q1 2026SEC
Q1 2026May 12, 202640$147.4MGRALGEF.BOsisko Development Corpvs. Q4 2025SEC
Q4 2025Feb 12, 202644$185.8MGRALGEF.BCRBGvs. Q3 2025SEC
Q3 2025Nov 12, 202535$145.9MGRALGEF.BSTXSvs. Q2 2025SEC
Q2 2025Aug 14, 202529$112.7MGRALGEF.BCRBGvs. Q1 2025SEC
Q1 2025May 13, 202531$82.2MGRALGEF.BSNDAvs. Q4 2024SEC
Q4 2024Feb 13, 202524$67.6MGRALGEF.BSNDAvs. Q3 2024SEC
Q3 2024Nov 13, 202424$50.6MGEF.BSNDASTXSvs. Q2 2024SEC
Q2 2024Aug 13, 202425$49.4MGEF.BSNDASTXSvs. Q1 2024SEC
Q1 2024May 15, 202424$55.2MSNDAGEF.BSTXSvs. Q4 2023SEC
Q4 2023Feb 12, 202431$49.5MGEF.BSNDASTXSvs. Q3 2023SEC
Q3 2023Nov 13, 202332$55.6MGEF.BSNDALILAKvs. Q2 2023SEC
Q2 2023Aug 14, 202331$59.7MGEF.BLILAKSNDAvs. Q1 2023SEC
Q1 2023May 10, 202332$78.7MGEF.BLILAKSNDAvs. Q4 2022SEC
Q4 2022Feb 14, 202333$84.0MGEF.BLILAKLEN.Bvs. Q3 2022SEC
Q3 2022Nov 14, 202229$70.3MGEF.BSNDALILAKvs. Q2 2022SEC
Q2 2022Aug 15, 202228$102.3MCOWNGEF.BSNDAvs. Q1 2022SEC
Q1 2022May 16, 202230$136.5MCOWNSNDAGEF.Bvs. Q4 2021SEC
Q4 2021Apr 27, 2022Amended32$143.0MCOWNSNDAGEF.Bvs. Q3 2021SEC
Q3 2021Nov 19, 2021Amended33$144.0MCOWNGEF.BLILAKvs. Q2 2021SEC
Q2 2021Aug 16, 202130$165.0MCOWNSTXSLILAKvs. Q1 2021SEC
Q1 2021May 17, 202138$188.3MCOWNSTXSWRK–SEC

13D and 13G filings

Companies where Arbiter Partners Capital Management LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Arbiter Partners Capital Management LLC does not currently report owning 5% or more of any company.

Latest filings

7 filings on file made by Arbiter Partners Capital Management LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Arbiter Partners Capital Management LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
SNDASonida Senior Living, Inc.May 9, 202413D/AOld format–––SEC
SNDASonida Senior Living, Inc.Mar 3, 202313D/AOld format–––SEC
STXSStereotaxis, Inc.Feb 3, 202213G/AOld format–––SEC
SNDASonida Senior Living, Inc.Nov 12, 202113D/AOld format–––SEC
SNDASonida Senior Living, Inc.Oct 8, 202113D/AOld format–––SEC
STXSStereotaxis, Inc.Feb 17, 202113G/AOld format–––SEC
COWNCowen Inc.Feb 16, 202113G/AOld format–––SEC