Arbiter Partners Capital Management LLC

Registered adviser

CIK

1513193

Location

NEW YORK, NY

Portfolio Value

Small $196,546,859

Diversification

Moderately concentrated

Reports for

Broken Clock Management LLC Arbiter Partners QP LP

Filing Date

Global Rank

#6,576 / 8,818 ▼ 60

Top Industry

Diagnostics & Research 35.9%

Period ended 4 months ago

Filed Sep 15, 2026 · 43d

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 156290

Roster of Oct 1, 2026

Regulatory AUM

$1,250,700,000

Main clients

Diversified

Private funds

6 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$678,300,000 gross assets

LEI

254900M2CZSSIA1FHU56

Private funds on Schedule D 7.B.(1)

As filed May 8, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$345,000,000 gross assets in 5 funds Other private funds $214,500,000 (3) Hedge funds $130,500,000 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Oct 2026	$1,250,700,000	Diversified
Apr 2025 to Feb 2026	$778,600,000	Diversified
Apr 2024 to Mar 2025	$691,900,000	Diversified
May 2023 to Mar 2024	$734,200,000	Diversified
Apr 2023	$734,200,000	Diversified
Apr 2022 to Mar 2023	$958,400,000	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 75.8% of the book (60%+)

Turnover

Low turnover

14.6% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.4 quarters, but 12.8% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 99.4%; sector active share 61.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

44 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

35.9%

+5.2 pts

Top 5

58.9%

+0.8 pts

Top 10

73.9%

+2.2 pts

HHI

1,530

Moderately concentrated+273

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	44.6%	$87,756,443	6
Financial Services	23.2%	$45,675,562	13
Consumer Cyclical	13.9%	$27,289,047	3
Basic Materials	9.0%	$17,621,113	10
Real Estate	3.4%	$6,682,249	4
Energy	2.8%	$5,499,397	3
Communication Services	1.8%	$3,619,114	2
Industrials	1.0%	$1,980,705	2
Technology	0.2%	$423,229	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
CRBG	Corebridge Financial, Inc.	+163,500	397,155	$11,370,547
NAVI	Navient Corp	+150,000	662,548	$5,638,283
OGG	Osisko Gold Group Inc.	+75,000	2,162,496	$5,319,740
GNW	Genworth Financial Inc	+52,724	540,124	$5,114,974
SPNT	SiriusPoint Ltd	+41,700	242,532	$5,820,768
MRT	Marti Technologies, Inc.	+36,822	323,076	$423,229
RNA	Atrium Therapeutics, Inc.	+31,288	261,288	$3,514,323
OPY	Oppenheimer Holdings Inc	+11,600	66,599	$7,028,858
NODK	NI Holdings, Inc.	+11,200	62,592	$983,320
CWBC	Community West Bancshares	+8,200	52,064	$1,398,439
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
VOXR	Vox Royalty Corp.	−98,000	23,920	$113,141
OPRT	Oportun Financial Corp	−70,000	122,106	$697,225
SNDA	Sonida Senior Living, Inc.	−11,334	140,897	$5,748,597
LILAK	Liberty Latin America Ltd.	−10,000	299,048	$2,329,583
GEF-B	Greif, Inc	−1,262	193,771	$18,125,339
GRAL	GRAIL, Inc.	−300	1,034,297	$70,611,456
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
SBMT	Silver Bow Mining Corp.	958,010	$6,476,147
SHG	Shinhan Financial Group Co Ltd	67,169	$4,248,439
ARVN	Arvinas, Inc.	294,594	$2,448,076
NICM	Nicola Mining Inc.	31,193	$195,892
LRE	Lead Real Estate Co., Ltd	64,752	$85,472
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	2,000	$740,340
GOOGL	Alphabet Inc.	2,500	$718,900
DVN	Devon Energy Corp	4,000	$201,280
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

44 tracked positions · $196,546,859 total · filing declares 44 positions · $196,546,873 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GRAL	GRAIL, Inc. Healthcare	Reduced	1,034,297	-300	$70,611,456	+32.1%	9	unpriced	35.93%
GEF-B	Greif, Inc Consumer Cyclical	Reduced	193,771	-1,262	$18,125,339	+6.2%	26+	before history	9.22%
CRBG	Corebridge Financial, Inc. Financial Services	Added	397,155	+163,500	$11,370,547	+104.0%	15	$27.43	5.79%
TSLA	Tesla, Inc. PUT Consumer Cyclical	Reduced	20,600	-28,800	$8,664,360	−52.8%	—	—	4.41%
OPY	Oppenheimer Holdings Inc Financial Services	Added	66,599	+11,600	$7,028,858	+43.3%	16	$59.00	3.58%
SBMT	Silver Bow Mining Corp. Basic Materials	NEW	958,010	NEW	$6,476,147	NEW	1	$8.84	3.29%
SPNT	SiriusPoint Ltd Financial Services	Added	242,532	+41,700	$5,820,768	+34.6%	19	$13.87	2.96%
CBL	Cbl & Associates Properties Inc Real Estate	Held	109,244	0	$5,799,763	+38.1%	4	$29.82	2.95%
SNDA	Sonida Senior Living, Inc. Healthcare	Reduced	140,897	-11,334	$5,748,597	+17.1%	23	unpriced	2.92%
NAVI	Navient Corp Financial Services	Added	662,548	+150,000	$5,638,283	+34.5%	4	$10.34	2.87%
OGG	Osisko Gold Group Inc. Basic Materials	Added	2,162,496	+75,000	$5,319,740	−21.6%	6	$3.44	2.71%
GNW	Genworth Financial Inc Financial Services	Added	540,124	+52,724	$5,114,974	+29.2%	6	$7.49	2.60%
STXS	Stereotaxis, Inc. Healthcare	Held	2,883,856	0	$4,960,232	−6.5%	26+	before history	2.52%
SHG	Shinhan Financial Group Co Ltd Financial Services	NEW	67,169	NEW	$4,248,439	NEW	1	$65.61	2.16%
RNA	Atrium Therapeutics, Inc. Healthcare	Added	261,288	+31,288	$3,514,323	+14.3%	2	$13.93	1.79%
ELE	Elemental Royalty Corp Basic Materials	Held	168,317	0	$2,938,814	−7.3%	3	$19.62	1.50%
VET	Vermilion Energy Inc. Energy	Held	266,738	0	$2,499,335	−32.0%	4	$7.76	1.27%
MTG	Mgic Investment Corp Financial Services	Held	87,000	0	$2,453,400	+7.4%	16	$15.54	1.25%
ARVN	Arvinas, Inc. Healthcare	NEW	294,594	NEW	$2,448,076	NEW	1	$9.33	1.25%
LILAK	Liberty Latin America Ltd. Communication Services	Reduced	299,048	-10,000	$2,329,583	−14.5%	25	unpriced	1.19%
TBN	Tamboran Resources Corp Energy	Held	67,212	0	$2,185,062	−35.0%	4	$22.61	1.11%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Held	58,476	0	$1,752,525	−13.7%	6	$20.63	0.89%
NMM	Navios Maritime Partners L.P. Industrials	Held	24,800	0	$1,737,736	+3.8%	4	$44.26	0.88%
CWBC	Community West Bancshares Financial Services	Added	52,064	+8,200	$1,398,439	+36.8%	6	$19.62	0.71%
LILA	Liberty Latin America Ltd. Communication Services	Held	164,481	0	$1,289,531	+21.4%	24	unpriced	0.66%
NODK	NI Holdings, Inc. Financial Services	Added	62,592	+11,200	$983,320	+48.4%	20	$16.61	0.50%
WFRD	Weatherford International plc Energy	Held	10,000	0	$815,000	−13.8%	4	$59.40	0.41%
ABR	Arbor Realty Trust Inc PUT Real Estate	Reduced	135,700	-284,000	$735,494	−77.3%	—	—	0.37%
OPRT	Oportun Financial Corp Financial Services	Reduced	122,106	-70,000	$697,225	−21.3%	3	$5.22	0.35%
AVBC	Avidia Bancorp, Inc. Financial Services	Held	32,800	0	$688,472	+6.7%	3	$15.68	0.35%
LEN-B	Lennar Corp Consumer Cyclical	Held	5,629	0	$499,348	+5.5%	26+	before history	0.25%
OABI	OmniAb, Inc. Healthcare	Held	192,585	0	$473,759	+56.7%	4	$1.81	0.24%
MRT	Marti Technologies, Inc. Technology	Added	323,076	+36,822	$423,229	−26.1%	7	$2.34	0.22%
MTA	Metalla Royalty & Streaming Ltd. Basic Materials	Held	34,000	0	$258,740	+14.8%	3	$7.19	0.13%
OLN	OLIN Corp Basic Materials	Held	12,900	0	$255,678	−33.3%	3	$21.57	0.13%
TRC	Tejon Ranch Co Industrials	Held	12,993	0	$242,969	−0.7%	26+	before history	0.12%
GROY	Gold Royalty Corp. Basic Materials	Held	78,600	0	$216,936	−22.9%	3	$3.83	0.11%
NICM	Nicola Mining Inc. Basic Materials	NEW	31,193	NEW	$195,892	NEW	1	$6.39	0.10%
MLCI	Mount Logan Capital Inc. Financial Services	Held	35,505	0	$122,137	−3.9%	3	$7.79	0.06%
VOXR	Vox Royalty Corp. Basic Materials	Reduced	23,920	-98,000	$113,141	−82.3%	4	$4.32	0.06%
BUR	Burford Capital Ltd Financial Services	Held	27,000	0	$110,700	−9.3%	2	$8.75	0.06%
BTG	B2gold Corp Basic Materials	Held	25,000	0	$93,500	−17.4%	6	$2.68	0.05%
LRE	Lead Real Estate Co., Ltd Real Estate	NEW	64,752	NEW	$85,472	NEW	1	$1.29	0.04%
CLPR	Clipper Realty Inc. Real Estate	Held	22,618	0	$61,520	−9.9%	26+	before history	0.03%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.