ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 98
New Positions 11
Increased Positions 25
Decreased Positions 13
Positions with Activity 38
Sold Out Positions 4
Total Mkt Value (in $ millions) 353

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

Sector Weighting

Basic Materials 14.42%
Capital Goods 7.52%
Conglomerates
Consumer Cyclical 0.18%
Consumer/Non-Cyclical 0.33%
Energy 5.72%
Financial 29.51%
Healthcare 11.7%
Services 12.19%
Technology 15.82%
Transportation
Utilities

25 INCREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CAPITAL SR LIVING CORP COM 37,654 910 2.48 1,655,137
CITIGROUP INC COM NEW 12,796 2,158 20.29 249,000
EXTREME NETWORKS INC COM 7,613 7,613 New 1,452,840
DEVON ENERGY CORP NEW COM 6,380 30 .47 85,490
INTELSAT S A COM 5,287 1,836 53.23 304,000
INTERVEST BANCSHARES CORP COM 4,313 828 23.76 451,168
PERMIAN BASIN RTY TR UNIT BEN INT 3,495 3,495 New 245,268
WRIGHT MED GROUP INC RT 2,861 17 .60 1,845,787
LAKE SHORE BANCORP INC COM 2,429 55 2.34 196,377
OPPENHEIMER HLDGS INC CL A NON VTG 2,046 393 23.78 86,159
CARNIVAL CORP PAIRED CTF 1,677 1,677 New 45,000
CLIFTON BANCORP INC COM 1,536 1,536 New 122,576
HARTFORD FINL SVCS GROUP INC COM 1,253 1,106 750 34,000
HOPFED BANCORP INC COM 1,084 629 138.08 94,328
RADIO ONE INC CL D NON VTG 1,059 1,059 New 358,892
MAG SILVER CORP COM 924 924 New 111,300
LANDS END INC NEW COM 833 833 New 24,350
OCONEE FED FINL CORP COM 755 4 .48 42,388
MICROSOFT CORP COM 718 90 14.29 16,000
SHORE BANCSHARES INC COM 675 675 New 75,000