Paul Isaac - Arbiter Partners Capital Management 13F Activity & Position Changes (Q4 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 Dec 31, 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 Q4 2013, the filing reported:

New Buys - AMREP Corporation, Citigroup, Inc., Goldman Sachs Group, Inc. (The), Hartford Financial Services Gro, MAG Silver Corporation, and 2 more

Increases - Devon Energy Corporation, Kentucky First Federal Bancorp, Lennar Corporation, Microsoft Corporation, Oppenheimer Holdings, Inc.

Reductions - Assured Guaranty, Ambac Financial Group, Inc., Amkor Technology, Inc., Capital One Financial Corporati, Greif, Inc. Corporation, and 2 more

Complete Exits - Air Products and Chemicals, Inc

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

Showing 20 of 20 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2013	AGO Assured Guaranty	Assured Guaranty	Sell	-34,300	-3.0%	$25.85M	1,095,869
Q4 2013	AMBC Ambac Financial Group, Inc.	Ambac Financial Group, Inc.	Sell	-31,100	-3.9%	$18.92M	770,198
Q4 2013	AMKR Amkor Technology, Inc.	Amkor Technology, Inc.	Sell	-150,000	-23.2%	$3.05M	497,711
Q4 2013	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell - Position Exit	-5,000	-100.0%	$0.00	-
Q4 2013	AXR AMREP Corporation	AMREP Corporation	Buy - Position Entry	+56,902	-	$398.00K	56,902
Q4 2013	C Citigroup, Inc.	Citigroup, Inc.	Buy - Position Entry	+100,000	-	$5.21M	100,000
Q4 2013	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-12,000	-12.6%	$6.36M	82,955
Q4 2013	DVN Devon Energy Corporation	Devon Energy Corporation	Buy	+55,490	+277.5%	$4.67M	75,490
Q4 2013	GEF-B Greif, Inc. Corporation	Greif, Inc. Corporation	Sell	-233,614	-27.6%	$35.96M	611,845
Q4 2013	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy - Position Entry	+2,000	-	$355.00K	2,000
Q4 2013	HIG Hartford Financial Services Gro	Hartford Financial Services Gro	Buy - Position Entry	+4,000	-	$145.00K	4,000
Q4 2013	KFFB Kentucky First Federal Bancorp	Kentucky First Federal Bancorp	Buy	+29,533	+127.4%	$422.00K	52,717
Q4 2013	LEN-B Lennar Corporation	Lennar Corporation	Buy	+36,254	+23.5%	$6.43M	190,774
Q4 2013	LMNR Limoneira Co	Limoneira Co	Sell	-36,501	-57.3%	$722.00K	27,168
Q4 2013	MAG MAG Silver Corporation	MAG Silver Corporation	Buy - Position Entry	+111,300	-	$612.00K	111,300
Q4 2013	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+6,500	+33.3%	$973.00K	26,000
Q4 2013	NEM Newmont Corporation	Newmont Corporation	Buy - Position Entry	+5,200	-	$120.00K	5,200
Q4 2013	OPY Oppenheimer Holdings, Inc.	Oppenheimer Holdings, Inc.	Buy	+502	+0.7%	$1.73M	69,607
Q4 2013	SEE Sealed Air Corporation	Sealed Air Corporation	Sell	-52,160	-27.7%	$4.63M	135,920
Q4 2013	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Buy - Position Entry	+3,000	-	$304.00K	3,000