Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q3 2015)

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, 2015. 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 2015, the filing reported:

New Buys - FMC Corporation, Seritage Growth Properties

Increases - Amkor Technology, Inc., Citigroup, Inc., Citizens Community Bancorp, Inc, First Citizens BancShares, Inc., First Northwest Bancorp, and 8 more

Reductions - Carnival Corporation, Equinix, Inc., Sealed Air Corporation

Complete Exits - Imperial Oil Limited, Newmont Corporation, Pentair, Public Storage

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

Showing 22 of 22 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2015	AMKR Amkor Technology, Inc.	Amkor Technology, Inc.	Buy	+855,600	+26.7%	$18.17M	4,056,135
Q3 2015	C Citigroup, Inc.	Citigroup, Inc.	Buy	+50,000	+263.2%	$3.42M	69,000
Q3 2015	CCL Carnival Corporation	Carnival Corporation	Sell	-21,000	-70.0%	$447.00K	9,000
Q3 2015	CZWI Citizens Community Bancorp, Inc	Citizens Community Bancorp, Inc	Buy	+5,302	+4.7%	$1.05M	118,792
Q3 2015	EQIX Equinix, Inc.	Equinix, Inc.	Sell	-1,401	-44.8%	$471.00K	1,723
Q3 2015	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Buy	+3,590	+6.8%	$12.76M	56,470
Q3 2015	FMC FMC Corporation	FMC Corporation	Buy - Position Entry	+67,289	-	$2.28M	67,289
Q3 2015	FNWB First Northwest Bancorp	First Northwest Bancorp	Buy	+7,135	+3.4%	$2.67M	215,726
Q3 2015	FUND Sprott Focus Trust, Inc. - Clos	Sprott Focus Trust, Inc. - Clos	Buy	+181	+1.5%	$73.00K	12,317
Q3 2015	HNNA Hennessy Advisors, Inc.	Hennessy Advisors, Inc.	Buy	+500	+4.0%	$309.00K	12,993
Q3 2015	IMO Imperial Oil Limited	Imperial Oil Limited	Sell - Position Exit	-6,000	-100.0%	$0.00	-
Q3 2015	KOP Koppers Holdings Inc.	Koppers Holdings Inc.	Buy	+400	+0.2%	$4.62M	229,031
Q3 2015	LEN-B Lennar Corporation	Lennar Corporation	Buy	+13,500	+3.3%	$16.71M	422,036
Q3 2015	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+667,500	+93.7%	$20.67M	1,380,000
Q3 2015	NEM Newmont Corporation	Newmont Corporation	Sell - Position Exit	-6,700	-100.0%	$0.00	-
Q3 2015	OPY Oppenheimer Holdings, Inc.	Oppenheimer Holdings, Inc.	Buy	+55,708	+21.7%	$6.25M	312,075
Q3 2015	PBT Permian Basin Royalty Trust	Permian Basin Royalty Trust	Buy	+105,192	+12.2%	$5.90M	965,889
Q3 2015	PNR Pentair	Pentair	Sell - Position Exit	-90,000	-100.0%	$0.00	-
Q3 2015	PSA Public Storage	Public Storage	Sell - Position Exit	-1,806	-100.0%	$0.00	-
Q3 2015	SEE Sealed Air Corporation	Sealed Air Corporation	Sell	-4,443	-8.5%	$2.24M	47,729
Q3 2015	SRG Seritage Growth Properties	Seritage Growth Properties	Buy - Position Entry	+387,052	-	$14.42M	387,052
Q3 2015	TPC Tutor Perini Corporation	Tutor Perini Corporation	Buy	+16,306	+7.2%	$3.97M	241,320