Paul Isaac - Arbiter Partners Capital Management Options Holdings (Q3 2016)
According to the SEC 13F filed on Sep 15, 2026, the Arbiter Partners Capital Management portfolio disclosed options positions as of quarter-end Jun 30, 2026. These positions include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 8 call contracts and 4 put contracts across companies such as iShares Russell 2000 ETF (IWM), Tesla, Inc. (TSLA), SPDR Gold Trust (GLD). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Options Positions
Showing 12 of 12 positions.
| Quarter | Symbol | Company | Option | Contracts | Notional Value |
|---|---|---|---|---|---|
| Q3 2016 | IWM | iShares Russell 2000 ETF | PUT | 1,689,200 | $209,816,000.00 |
| Q3 2016 | TSLA | Tesla, Inc. | PUT | 373,800 | $76,266,000.00 |
| Q3 2016 | GLD | SPDR Gold Trust | CALL | 355,000 | $44,602,000.00 |
| Q3 2016 | C | Citigroup, Inc. | CALL | 775,000 | $36,603,000.00 |
| Q3 2016 | TSLA | Tesla, Inc. | CALL | 121,400 | $24,769,000.00 |
| Q3 2016 | MCK | McKesson Corporation | CALL | 68,000 | $11,339,000.00 |
| Q3 2016 | DVN | Devon Energy Corporation | CALL | 200,000 | $8,822,000.00 |
| Q3 2016 | GILD | Gilead Sciences, Inc. | CALL | 100,000 | $7,912,000.00 |
| Q3 2016 | IP | International Paper Company | CALL | 100,000 | $4,798,000.00 |
| Q3 2016 | UVE | UNIVERSAL INSURANCE HOLDINGS IN | PUT | 80,000 | $2,016,000.00 |
| Q3 2016 | CALM | Cal-Maine Foods, Inc. | PUT | 45,000 | $1,734,000.00 |
| Q3 2016 | HUN | Huntsman Corporation | CALL | 50,000 | $814,000.00 |
Note: Notional value represents the total exposure of the options position.