ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

11 E 44TH STREET, SUITE 700, NEW YORK, New York, 10017, (212) 452-9119

Report Date: 03/31/2015

Position Statistics

Total Positions 104
New Positions 9
Increased Positions 20
Decreased Positions 25
Positions with Activity 45
Sold Out Positions 16
Total Mkt Value (in $ millions) 330

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 14.54%
Capital Goods 10.31%
Conglomerates
Consumer Cyclical 0%
Consumer/Non-Cyclical 0.34%
Energy 5.18%
Financial 28.55%
Healthcare 16.99%
Services 9.85%
Technology 5.89%
Transportation
Utilities 0%

104 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CAPITAL SR LIVING CORP COM 48,079 1,373 2.94 1,883,983
GREIF INC CL B 45,058 175 .39 910,265
FOREST CITY ENTERPRISES INC CL A 22,804 New 964,208
TEXAS PAC LD TR SUB CTF PROP I T 17,585 New 114,598
INTELSAT S A COM 16,550 9,840 146.64 1,592,867
LIBERTY INTERACTIVE CORP INT COM SER A 16,458 New 578,700
FIRST CTZNS BANCSHARES INC N C CL A 13,077 New 52,880
NATIONAL WESTN LIFE INS CO CL A 12,887 -1,190 (8.46) 53,623
EQUINIX INC COM PAR $0.001 11,373 -9,850 (46.41) 42,401
LENNAR CORP CL B 10,710 1,684 18.66 266,540
COWEN GROUP INC NEW CL A 9,766 -8,862 (47.57) 1,710,379
BENEFICIAL BANCORP INC COM 7,997 7,997 New 673,709
WRIGHT MED GROUP INC RT 7,931 New 1,925,027
EXTREME NETWORKS INC COM 6,784 New 2,609,274
OPPENHEIMER HLDGS INC CL A NON VTG 6,289 2,300 57.68 256,367
ELDORADO RESORTS INC COM 5,980 -4,475 (42.8) 732,877
DEVON ENERGY CORP NEW COM 5,771 New 85,490
PERMIAN BASIN RTY TR UNIT BEN INT 5,211 7 .13 606,583
WPX ENERGY INC COM 3,596 New 260,000
ESSA BANCORP INC COM 3,545 3,545 New 273,953