Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q2 2014)

According to the SEC 13F filed on Sep 15, 2026, the Arbiter Partners Capital Management portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2014. 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 Q2 2014, the filing reported:

New Buys - American Homes 4 Rent, Carnival Corporation, Erie Indemnity Company, Extreme Networks, Inc., Hennessy Advisors, Inc., and 4 more

Increases - AMREP Corporation, Citigroup, Inc., Devon Energy Corporation, Hartford Financial Services Gro, Lake Shore Bancorp, Inc., and 2 more

Reductions - Assured Guaranty, Ambac Financial Group, Inc., Amkor Technology, Inc., Capital One Financial Corporati, Public Storage, and 1 more

Complete Exits - AerCap, Apollo Commercial Real Estate F

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

Showing 24 of 24 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2014	AER AerCap	AerCap	Sell - Position Exit	-10,000	-100.0%	$0.00	-
Q2 2014	AGO Assured Guaranty	Assured Guaranty	Sell	-1,125,932	-79.7%	$7.03M	286,837
Q2 2014	AMBC Ambac Financial Group, Inc.	Ambac Financial Group, Inc.	Sell	-260,730	-47.1%	$7.98M	292,327
Q2 2014	AMH American Homes 4 Rent	American Homes 4 Rent	Buy - Position Entry	+10,000	-	$178.00K	10,000
Q2 2014	AMKR Amkor Technology, Inc.	Amkor Technology, Inc.	Sell	-510,000	-78.7%	$1.54M	137,711
Q2 2014	ARI Apollo Commercial Real Estate F	Apollo Commercial Real Estate F	Sell - Position Exit	-10,000	-100.0%	$0.00	-
Q2 2014	AXR AMREP Corporation	AMREP Corporation	Buy	+2,736	+4.8%	$366.00K	59,638
Q2 2014	C Citigroup, Inc.	Citigroup, Inc.	Buy	+42,000	+20.3%	$11.73M	249,000
Q2 2014	CCL Carnival Corporation	Carnival Corporation	Buy - Position Entry	+45,000	-	$1.69M	45,000
Q2 2014	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-82,955	-87.4%	$991.00K	12,000
Q2 2014	DVN Devon Energy Corporation	Devon Energy Corporation	Buy	+400	+0.5%	$6.79M	85,490
Q2 2014	ERIE Erie Indemnity Company	Erie Indemnity Company	Buy - Position Entry	+3,599	-	$271.00K	3,599
Q2 2014	EXTR Extreme Networks, Inc.	Extreme Networks, Inc.	Buy - Position Entry	+1,452,840	-	$6.45M	1,452,840
Q2 2014	HIG Hartford Financial Services Gro	Hartford Financial Services Gro	Buy	+30,000	+750.0%	$1.22M	34,000
Q2 2014	HNNA Hennessy Advisors, Inc.	Hennessy Advisors, Inc.	Buy - Position Entry	+12,493	-	$186.00K	12,493
Q2 2014	LE Lands' End, Inc.	Lands' End, Inc.	Buy - Position Entry	+24,350	-	$818.00K	24,350
Q2 2014	LSBK Lake Shore Bancorp, Inc.	Lake Shore Bancorp, Inc.	Buy	+4,484	+2.3%	$2.44M	196,377
Q2 2014	MAG MAG Silver Corporation	MAG Silver Corporation	Buy - Position Entry	+111,300	-	$1.05M	111,300
Q2 2014	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+2,000	+14.3%	$667.00K	16,000
Q2 2014	OPY Oppenheimer Holdings, Inc.	Oppenheimer Holdings, Inc.	Buy	+16,552	+23.8%	$2.07M	86,159
Q2 2014	PBT Permian Basin Royalty Trust	Permian Basin Royalty Trust	Buy - Position Entry	+245,268	-	$3.50M	245,268
Q2 2014	PSA Public Storage	Public Storage	Sell	-3,000	-47.6%	$566.00K	3,306
Q2 2014	SHBI Shore Bancshares, Inc.	Shore Bancshares, Inc.	Buy - Position Entry	+75,000	-	$676.00K	75,000
Q2 2014	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell	-6,000	-66.7%	$302.00K	3,000