Arbiter Partners Capital Management's Q2 2026 Portfolio Shifts: Major Increases in COREBRIDGE and SONIDA
Paul Isaac's portfolio at Arbiter Partners Capital Management saw significant changes in Q2 2026, highlighted by a large increase in COREBRIDGE (CRBG) and SONIDA (SNDA), alongside notable adjustments in other holdings.
As of June 30, 2026, the portfolio managed by Paul Isaac at Arbiter Partners Capital Management has shown considerable activity during the second quarter. The total portfolio value remains substantial, but the composition has shifted based on disclosed changes in holdings.
Two stocks stand out as significant additions or increases in this period. COREBRIDGE FINANCIAL INC (CRBG) experienced a massive 69.97% increase in its portfolio allocation, driven by a substantial purchase of 163,500 additional shares. This move significantly boosted its position within the Financial Services sector. Similarly, SONIDA SENIOR LIVING INC (SNDA) saw its portfolio value increase by 74.2%, resulting from the acquisition of 112,952 new shares, pushing its allocation from 1.04% to 1.96%.
Conversely, the investor divested from some positions during Q2. GREIF INC-CL B (GEF-B) saw a reduction in its portfolio allocation by 0.65%, due to the sale of 1,262 shares. Additionally, ARVINAS INC (ARVN) experienced a significant decrease of 34.94% in its portfolio weighting, resulting from the sale of 158,195 shares. Other holdings like SHINHAN FINANCIAL GROUP-ADR (SHG) and VOXR also showed substantial declines, indicating exits from these positions.
These changes reflect a dynamic investment strategy focused on specific sectors. The Financial Services sector, already a major part of the portfolio, saw further strengthening through the addition of COREBRIDGE and SONIDA. The Healthcare sector also remained active, with notable changes in holdings like ARVN and SNDA.
The portfolio now includes a diverse range of holdings, with 101 stocks listed. The top five holdings account for 45.27% of the total value, as per the top5_weight_pct indicator. The investor's portfolio demonstrates holdings across various sectors, including Healthcare, Financial Services, Consumer Cyclical, Basic Materials, and others, although the latter category has an allocation of just 3.42%.
In summary, Paul Isaac's portfolio at the end of Q2 2026 shows a clear focus on growth and value plays within Financial Services and Healthcare. The significant buying activity in COREBRIDGE and SONIDA suggests confidence in these companies, while the selling of ARVN and the reduction in GREIF indicate a strategic shift or reassessment. For more detailed information, including the full portfolio breakdown and performance data, please refer to the official filing.