Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q1 2023)

According to the SEC 13F filed on May 10, 2023, the Arbiter Partners Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2023. 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 2023, the filing reported:

New Buys - F&G Annuities & Life, Inc., Rhinebeck Bancorp, Inc.

Increases - Corebridge Financial Inc., Logan Ridge Finance Corporation, MGIC Investment Corporation, Sonida Senior Living, Inc.

Reductions - Devon Energy Corporation, First Citizens BancShares, Inc., Greif, Inc. Corporation, Great Elm Group, Inc., Jackson Financial Inc., and 5 more

Complete Exits - ESAB Corporation, Microsoft Corporation

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

Showing 18 of 18 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	CRBG Corebridge Financial Inc.	Corebridge Financial Inc.	Buy	+20,000	+15.4%	$2.40M	150,000
Q1 2023	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-3,705	-17.0%	$913.21K	18,044
Q1 2023	ESAB ESAB Corporation	ESAB Corporation	Sell - Position Exit	-16,027	-100.0%	$0.00	-
Q1 2023	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Sell	-722	-41.9%	$973.10K	1,000
Q1 2023	FG F&G Annuities & Life, Inc.	F&G Annuities & Life, Inc.	Buy - Position Entry	+108,116	-	$1.96M	108,116
Q1 2023	GEF-B Greif, Inc. Corporation	Greif, Inc. Corporation	Sell	-2,223	-1.0%	$16.19M	211,625
Q1 2023	GEG Great Elm Group, Inc.	Great Elm Group, Inc.	Sell	-15,757	-1.7%	$2.12M	934,136
Q1 2023	JXN Jackson Financial Inc.	Jackson Financial Inc.	Sell	-13,000	-8.6%	$5.14M	137,400
Q1 2023	LEN-B Lennar Corporation	Lennar Corporation	Sell	-72,214	-75.9%	$2.05M	22,906
Q1 2023	LILA Liberty Latin America Ltd	Liberty Latin America Ltd	Sell	-36	-0.0%	$1.35M	163,012
Q1 2023	LILAK Liberty Latin America Ltd	Liberty Latin America Ltd	Sell	-108	-0.0%	$10.53M	1,274,572
Q1 2023	LRFC Logan Ridge Finance Corporation	Logan Ridge Finance Corporation	Buy	+33,249	+119.3%	$1.27M	61,113
Q1 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell - Position Exit	-1,851	-100.0%	$0.00	-
Q1 2023	MTG MGIC Investment Corporation	MGIC Investment Corporation	Buy	+100,000	+149.3%	$2.24M	167,000
Q1 2023	PTMN Portman Ridge Finance Corporati	Portman Ridge Finance Corporati	Sell	-15,927	-60.3%	$216.47K	10,503
Q1 2023	RBKB Rhinebeck Bancorp, Inc.	Rhinebeck Bancorp, Inc.	Buy - Position Entry	+11,190	-	$85.60K	11,190
Q1 2023	SNDA Sonida Senior Living, Inc.	Sonida Senior Living, Inc.	Buy	+3,754	+0.7%	$6.41M	513,007
Q1 2023	SPNT SiriusPoint	SiriusPoint	Sell	-72,405	-40.4%	$867.85K	106,747