Paul Isaac – Arbiter Partners Capital Management Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Arbiter Partners Capital Management portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 14, 2025. These filings 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 217 call contracts and 273 put contracts across companies such as Alphabet Inc. (GOOGL), Arbor Realty Trust (ABR), Tesla, Inc. (TSLA). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Arbiter Partners Capital Management Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q2 2017 | DVN Devon Energy Corporation | CALL | 175,000 |
| Q2 2017 | GLD SPDR Gold Trust | CALL | 355,000 |
| Q2 2017 | GME GameStop Corporation | CALL | 20,000 |
| Q2 2017 | IRM Iron Mountain Incorporated (Del | PUT | 150,000 |
| Q2 2017 | MCK McKesson Corporation | CALL | 68,000 |
| Q2 2017 | NFLX Netflix, Inc. | PUT | 100,000 |
| Q2 2017 | TSLA Tesla, Inc. | PUT | 832,700 |
| Q2 2017 | UAA Under Armour, Inc. | PUT | 30,000 |
| Q1 2017 | BLK BlackRock, Inc. | PUT | 20,000 |
| Q1 2017 | C Citigroup, Inc. | CALL | 675,000 |
| Q1 2017 | DVN Devon Energy Corporation | CALL | 175,000 |
| Q1 2017 | GILD Gilead Sciences, Inc. | CALL | 50,000 |
| Q1 2017 | GLD SPDR Gold Trust | CALL | 355,000 |
| Q1 2017 | HUN Huntsman Corporation | CALL | 50,000 |
| Q1 2017 | MCK McKesson Corporation | CALL | 68,000 |
| Q1 2017 | TSLA Tesla, Inc. | PUT | 832,700 |
| Q1 2017 | UAA Under Armour, Inc. | PUT | 30,000 |
| Q4 2016 | BLK BlackRock, Inc. | PUT | 20,000 |
| Q4 2016 | C Citigroup, Inc. | CALL | 675,000 |
| Q4 2016 | DVN Devon Energy Corporation | CALL | 175,000 |
| Q4 2016 | GILD Gilead Sciences, Inc. | CALL | 150,000 |
| Q4 2016 | GLD SPDR Gold Trust | CALL | 355,000 |
| Q4 2016 | HUN Huntsman Corporation | CALL | 50,000 |
| Q4 2016 | MCK McKesson Corporation | CALL | 68,000 |
| Q4 2016 | TSLA Tesla, Inc. | PUT | 323,800 |
| Q3 2016 | C Citigroup, Inc. | CALL | 775,000 |
| Q3 2016 | CALM Cal-Maine Foods, Inc. | PUT | 45,000 |
| Q3 2016 | DVN Devon Energy Corporation | CALL | 200,000 |
| Q3 2016 | GILD Gilead Sciences, Inc. | CALL | 100,000 |
| Q3 2016 | GLD SPDR Gold Trust | CALL | 355,000 |