ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 92
New Positions 11
Increased Positions 32
Decreased Positions 18
Positions with Activity 50
Sold Out Positions 6
Total Mkt Value (in $ millions) 374

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

Sector Weighting

Basic Materials 13.59%
Capital Goods 6.91%
Conglomerates
Consumer Cyclical 0.2%
Consumer/Non-Cyclical 0.3%
Energy 4.37%
Financial 35.65%
Healthcare 11.93%
Services 11.59%
Technology 13.83%
Transportation
Utilities

18 DECREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
AMBAC FINL GROUP INC COM NEW 13,290 -6,491 (32.82) 553,057
LORAL SPACE & COMMUNICATNS INC COM 7,004 -603 (7.93) 95,600
DEVON ENERGY CORP NEW COM 6,725 -32 (0.47) 85,090
CLEAR CHANNEL OUTDOOR HLDGS IN CL A 4,235 -575 (11.96) 550,694
SEALED AIR CORP NEW COM 3,590 -820 (18.59) 110,657
EMERITUS CORP COM 754 -816 (51.95) 22,200
MICROSOFT CORP COM 622 -89 (12.5) 14,000
ADVISORSHARES TR TRIMTABS FLT 464 -483 (50.96) 9,000
EXPRESS SCRIPTS HLDG CO COM 333 -665 (66.67) 5,000
NEWMONT MINING CORP COM 240 -55 (18.49) 9,700
ARMOUR RESIDENTIAL REIT INC COM 213 -213 (50) 50,000
ANNALY CAP MGMT INC COM 113 -169 (60) 10,000
FERRO CORP COM -332 Sold Out 0
IRON MTN INC COM -232 Sold Out 0
LEVEL 3 COMMUNICATIONS INC COM NEW -2,288 Sold Out 0
MAG SILVER CORP COM -983 Sold Out 0
NORTHFIELD BANCORP INC DEL COM -7,814 Sold Out 0
SEAGATE TECHNOLOGY PLC SHS -596 Sold Out 0