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) 304

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

Sector Weighting

Basic Materials 12.39%
Capital Goods 11.41%
Conglomerates
Consumer Cyclical 0%
Consumer/Non-Cyclical 0.36%
Energy 4.2%
Financial 30.21%
Healthcare 16.22%
Services 10.37%
Technology 6.19%
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 41,994 1,200 2.94 1,883,983
GREIF INC CL B 34,699 134 .39 910,265
FOREST CITY ENTERPRISES INC CL A 22,514 New 964,208
LIBERTY INTERACTIVE CORP QVC GP COM SER A 16,811 New 578,700
INTELSAT S A COM 15,148 9,006 146.64 1,592,867
TEXAS PAC LD TR SUB CTF PROP I T 14,985 New 114,598
FIRST CTZNS BANCSHARES INC N C CL A 13,555 New 52,880
NATIONAL WESTN LIFE INS CO CL A 12,923 -1,194 (8.46) 53,623
EQUINIX INC COM PAR $0.001 11,826 -10,242 (46.41) 42,401
LENNAR CORP CL B 11,690 1,838 18.66 266,540
COWEN GROUP INC NEW CL A 9,664 -8,769 (47.57) 1,710,379
BENEFICIAL BANCORP INC COM 8,664 8,664 New 673,709
WRIGHT MED GROUP INC RT 7,315 New 1,925,027
ELDORADO RESORTS INC COM 6,193 -4,634 (42.8) 732,877
EXTREME NETWORKS INC COM 6,054 New 2,609,274
OPPENHEIMER HLDGS INC CL A NON VTG 5,820 2,129 57.68 256,367
DEVON ENERGY CORP NEW COM 4,225 New 85,490
PERMIAN BASIN RTY TR UNIT BEN INT 4,046 5 .13 606,583
ESSA BANCORP INC COM 3,520 3,520 New 273,953
ATLANTIC COAST FINL CORP COM 3,390 New 750,000