Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q2 2019)

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, 2019. 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 2019, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - AMREP Corporation, Clipper Realty Inc., Greif, Inc. Corporation, Lake Shore Bancorp, Inc.

Complete Exits - Affiliated Managers Group, Inc., U.S. Global Investors, Inc., Vista Outdoor Inc.

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

Showing 7 of 7 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2019	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Sell - Position Exit	-2,000	-100.0%	$0.00	-
Q2 2019	AXR AMREP Corporation	AMREP Corporation	Sell	-2,836	-3.3%	$578.00K	84,259
Q2 2019	CLPR Clipper Realty Inc.	Clipper Realty Inc.	Sell	-47,319	-41.5%	$746.00K	66,740
Q2 2019	GEF-B Greif, Inc. Corporation	Greif, Inc. Corporation	Sell	-58,830	-12.8%	$17.42M	399,139
Q2 2019	GROW U.S. Global Investors, Inc.	U.S. Global Investors, Inc.	Sell - Position Exit	-38,069	-100.0%	$0.00	-
Q2 2019	LSBK Lake Shore Bancorp, Inc.	Lake Shore Bancorp, Inc.	Sell	-1,935	-1.1%	$2.56M	171,471
Q2 2019	VSTO Vista Outdoor Inc.	Vista Outdoor Inc.	Sell - Position Exit	-34,401	-100.0%	$0.00	-