Arbiter Partners Capital Management LLC

Q1 2014 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
118
Total value ($000)
$893,714
Net value change ($000)
+167,094 (23.0%)
New positions
12
Sold out positions
7
Turnover %
7.4%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EQIX 13,525 1772.6%
AGO 8,638 31.8%
VEREIT INC COM 8,450 NEW
C 4,277 76.7%
Intelsat S.A. 3,714 NEW
TEXAS PACIFIC LAND TRUST 3,396 29.7%
SNDA 3,230 8.3%
COWEN GROUP INC NEW 1,646 12.8%
NATIONAL WESTERN 1,275 9.8%
WRIGHT MED GROUP INC 1,097 257.5%
Top Reduces (Value $000, Stocks/ETFs)
NFBK -7,922 -100.0%
OSG -3,057 -15.1%
LEVEL 3 COMM -1,659 -100.0%
LORAL SPACE & COMMUNICATIONS INC. -1,647 -19.6%
CLEAR CHANNEL OUTDOOR HLDGS -1,325 -20.9%
XEROX CORP -1,034 -5.4%
SEE -991 -21.4%
EXPRESS SCRIPTS HLDG CO -679 -64.4%
MAG SILVER CORP -612 -100.0%
WPX ENERGY, INC. -611 -11.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 524,749 (58.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type