ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 103
New Positions 9
Increased Positions 21
Decreased Positions 19
Positions with Activity 40
Sold Out Positions 9
Total Mkt Value (in $ millions) 359

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

Sector Weighting

Basic Materials 12.7%
Capital Goods 8.09%
Conglomerates
Consumer Cyclical 0.14%
Consumer/Non-Cyclical 0.33%
Energy 9.64%
Financial 27.24%
Healthcare 15.18%
Services 10.22%
Technology 9.6%
Transportation
Utilities

103 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CAPITAL SR LIVING CORP COM 45,381 3,820 9.19 1,807,270
GREIF INC CL B 41,476 49 .12 846,459
FOREST CITY ENTERPRISES INC CL A 20,673 New 964,208
PBF ENERGY INC CL A 19,799 19,799 New 753,100
EQUINIX INC COM NEW 17,992 New 77,300
LIBERTY INTERACTIVE CORP INT COM SER A 16,962 -293 (1.7) 578,700
NATIONAL WESTN LIFE INS CO CL A 15,756 New 58,576
COWEN GROUP INC NEW CL A 15,431 New 3,262,375
TEXAS PAC LD TR SUB CTF PROP I T 14,432 New 114,598
CITIGROUP INC COM NEW 13,553 New 249,000
WRIGHT MED GROUP INC RT 8,417 New 1,845,787
LENNAR CORP CL B 7,875 1,100 16.24 223,032
FIRST CTZNS BANCSHARES INC N C CL A 7,865 7,865 New 30,856
LORAL SPACE & COMMUNICATNS INC COM 7,554 New 95,600
EXTREME NETWORKS INC COM 7,543 2,284 43.42 2,083,674
TRIBUNE PUBG CO COM 7,385 7,385 New 314,394
INTELSAT S A COM 6,542 1,218 22.89 373,588
CLEAR CHANNEL OUTDOOR HLDGS IN CL A 5,485 New 550,694
ELDORADO RESORTS INC COM 5,394 -1,755 (24.55) 1,281,289
DEVON ENERGY CORP NEW COM 5,200 New 85,490