Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q1 2015)

As of Mar 31, 2015, the Arbiter Partners Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 12, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2015, the filing reported:

New Buys - BlackRock Resources of Benefic, Equinix, Inc., ESSA Bancorp, Inc., First Northwest Bancorp, Sprott Focus Trust, Inc. - Clos, and 1 more

Increases - Greif, Inc. Corporation, Lennar Corporation, Oppenheimer Holdings, Inc., Permian Basin Royalty Trust

Reductions - Sealed Air Corporation

Complete Exits - Brookdale Senior Living Inc., FirstEnergy Corp., Hartford Financial Services Gro, Lands' End, Inc., MAG Silver Corporation, and 4 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2015	BCX BlackRock Resources of Benefic	BlackRock Resources of Benefic	Buy - Position Entry	+41,671	-	$398.00	41,671
Q1 2015	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Sell - Position Exit	-21,090	-100.0%	$0.00	-
Q1 2015	EQIX Equinix, Inc.	Equinix, Inc.	Buy - Position Entry	+42,401	-	$9.87K	42,401
Q1 2015	ESSA ESSA Bancorp, Inc.	ESSA Bancorp, Inc.	Buy - Position Entry	+273,953	-	$3.51K	273,953
Q1 2015	FE FirstEnergy Corp.	FirstEnergy Corp.	Sell - Position Exit	-5,271	-100.0%	$0.00	-
Q1 2015	FNWB First Northwest Bancorp	First Northwest Bancorp	Buy - Position Entry	+150,000	-	$1.87K	150,000
Q1 2015	FUND Sprott Focus Trust, Inc. - Clos	Sprott Focus Trust, Inc. - Clos	Buy - Position Entry	+11,963	-	$87.00	11,963
Q1 2015	GEF-B Greif, Inc. Corporation	Greif, Inc. Corporation	Buy	+3,526	+0.4%	$41.65K	910,265
Q1 2015	HIG Hartford Financial Services Gro	Hartford Financial Services Gro	Sell - Position Exit	-4,000	-100.0%	$0.00	-
Q1 2015	LE Lands' End, Inc.	Lands' End, Inc.	Sell - Position Exit	-10,350	-100.0%	$0.00	-
Q1 2015	LEN-B Lennar Corporation	Lennar Corporation	Buy	+41,908	+18.7%	$10.96K	266,540
Q1 2015	MAG MAG Silver Corporation	MAG Silver Corporation	Sell - Position Exit	-111,300	-100.0%	$0.00	-
Q1 2015	NAK Northern Dynasty Minerals, Ltd.	Northern Dynasty Minerals, Ltd.	Buy - Position Entry	+84,437	-	$33.00	84,437
Q1 2015	OPY Oppenheimer Holdings, Inc.	Oppenheimer Holdings, Inc.	Buy	+93,782	+57.7%	$6.01K	256,367
Q1 2015	PARR Par Pacific Holdings, Inc. Comm	Par Pacific Holdings, Inc. Comm	Sell - Position Exit	-121,912	-100.0%	$0.00	-
Q1 2015	PBF PBF Energy Inc.	PBF Energy Inc.	Sell - Position Exit	-280,933	-100.0%	$0.00	-
Q1 2015	PBT Permian Basin Royalty Trust	Permian Basin Royalty Trust	Buy	+800	+0.1%	$4.91K	606,583
Q1 2015	SEE Sealed Air Corporation	Sealed Air Corporation	Sell	-15,050	-22.4%	$2.38K	52,172
Q1 2015	SWN		Sell - Position Exit	-300,000	-100.0%	$0.00	-
Q1 2015	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell - Position Exit	-3,000	-100.0%	$0.00	-