Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q3 2013)

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 Sep 30, 2013. 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 Q3 2013, the filing reported:

New Buys - Air Products and Chemicals, Inc, Devon Energy Corporation, Independent Bank Corporation

Increases - Ambac Financial Group, Inc., Amkor Technology, Inc., Greif, Inc. Corporation, Lennar Corporation, Oppenheimer Holdings, Inc.

Reductions - Limoneira Co, Microsoft Corporation, Sealed Air Corporation

Complete Exits - None reported

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

Showing 11 of 11 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2013	AMBC Ambac Financial Group, Inc.	Ambac Financial Group, Inc.	Buy	+193,000	+31.7%	$14.54M	801,298
Q3 2013	AMKR Amkor Technology, Inc.	Amkor Technology, Inc.	Buy	+127,711	+24.6%	$2.77M	647,711
Q3 2013	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy - Position Entry	+5,000	-	$533.00K	5,000
Q3 2013	DVN Devon Energy Corporation	Devon Energy Corporation	Buy - Position Entry	+20,000	-	$1.16M	20,000
Q3 2013	GEF-B Greif, Inc. Corporation	Greif, Inc. Corporation	Buy	+2,941	+0.3%	$45.02M	845,459
Q3 2013	IBCP Independent Bank Corporation	Independent Bank Corporation	Buy - Position Entry	+51,000	-	$510.00K	51,000
Q3 2013	LEN-B Lennar Corporation	Lennar Corporation	Buy	+84,900	+121.9%	$4.43M	154,520
Q3 2013	LMNR Limoneira Co	Limoneira Co	Sell	-33,861	-34.7%	$1.64M	63,669
Q3 2013	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-137,400	-87.6%	$649.00K	19,500
Q3 2013	OPY Oppenheimer Holdings, Inc.	Oppenheimer Holdings, Inc.	Buy	+25,018	+56.7%	$1.23M	69,105
Q3 2013	SEE Sealed Air Corporation	Sealed Air Corporation	Sell	-438,900	-70.0%	$5.11M	188,080