Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Nov 12, 2025, the Arbiter Partners Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2025. 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 2025, the filing reported:

New Buys - Arvinas, Inc., CBL & Associates Properties, In, Navient Corporation, OmniAb, Inc., Tamboran Resources Corporation, and 3 more

Increases - Genworth Financial Inc, Marti Technologies, Osisko Development Corp., Shinhan Financial Group Co Ltd

Reductions - GRAIL, Inc., Seneca Foods Corp., Sonida Senior Living, Inc.

Complete Exits - Burford Capital, Inhibrx Biosciences, Inc., Seneca Foods Corp.

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
Q3 2025	ARVN Arvinas, Inc.	Arvinas, Inc.	Buy - Position Entry	+452,789	-	$3.86M	452,789
Q3 2025	BUR Burford Capital	Burford Capital	Sell - Position Exit	-14,800	-100.0%	$0.00	-
Q3 2025	CBL CBL & Associates Properties, In	CBL & Associates Properties, In	Buy - Position Entry	+96,563	-	$2.95M	96,563
Q3 2025	GNW Genworth Financial Inc	Genworth Financial Inc	Buy	+141,000	+40.7%	$4.34M	487,400
Q3 2025	GRAL GRAIL, Inc.	GRAIL, Inc.	Sell	-2,001	-0.2%	$61.25M	1,035,897
Q3 2025	INBX Inhibrx Biosciences, Inc.	Inhibrx Biosciences, Inc.	Sell - Position Exit	-19,759	-100.0%	$0.00	-
Q3 2025	MRT Marti Technologies	Marti Technologies	Buy	+107,223	+162.6%	$353.28K	173,175
Q3 2025	NAVI Navient Corporation	Navient Corporation	Buy - Position Entry	+105,744	-	$1.39M	105,744
Q3 2025	OABI OmniAb, Inc.	OmniAb, Inc.	Buy - Position Entry	+160,529	-	$256.85K	160,529
Q3 2025	ODV Osisko Development Corp.	Osisko Development Corp.	Buy	+320,000	+1600.0%	$1.15M	340,000
Q3 2025	SENEA Seneca Foods Corp.	Seneca Foods Corp.	Sell	-500	-11.9%	$398.30K	3,690
Q3 2025	SENEB Seneca Foods Corp.	Seneca Foods Corp.	Sell - Position Exit	-2,878	-100.0%	$0.00	-
Q3 2025	SHG Shinhan Financial Group Co Ltd	Shinhan Financial Group Co Ltd	Buy	+97,569	+246.4%	$6.91M	137,169
Q3 2025	SNDA Sonida Senior Living, Inc.	Sonida Senior Living, Inc.	Sell	-6,498	-2.9%	$6.07M	218,833
Q3 2025	TBN Tamboran Resources Corporation	Tamboran Resources Corporation	Buy - Position Entry	+49,542	-	$1.36M	49,542
Q3 2025	VET Vermilion Energy Inc.	Vermilion Energy Inc.	Buy - Position Entry	+250,235	-	$1.96M	250,235
Q3 2025	VOXR Vox Royalty Corp.	Vox Royalty Corp.	Buy - Position Entry	+23,920	-	$102.86K	23,920
Q3 2025	WFRD Weatherford	Weatherford	Buy - Position Entry	+10,000	-	$684.30K	10,000