ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

530 FIFTH AVENUE, 20TH FLOOR, NEW YORK, New York, 10036, (212) 452-9119

Report Date: 12/31/2015

Position Statistics

Total Positions 96
New Positions 6
Increased Positions 17
Decreased Positions 15
Positions with Activity 32
Sold Out Positions 7
Total Mkt Value (in $ millions) 382

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

Sector Weighting

Basic Materials 14.38%
Capital Goods 10.79%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.21%
Energy 2.66%
Financial 24.31%
Healthcare 12.05%
Services 7.43%
Technology 15.38%
Transportation
Utilities

96 Positions as of 12/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VIACOM INC NEW CL A 1,020 New 23,221
AMBAC FINL GROUP INC WT EXP 043023 996 New 131,946
SHORE BANCSHARES INC COM 881 New 75,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 879 New 21,969
GREENLIGHT CAPITAL RE LTD CLASS A 874 New 40,600
ERIE INDTY CO CL A 859 New 9,099
OCONEE FED FINL CORP COM 827 New 43,399
UNITED BANCSHARES INC OHIO COM 805 47 6.13 44,236
ASB BANCORP INC N C COM 766 -58 (6.99) 30,042
KENTUCKY FIRST FED BANCORP COM 716 -2 (0.26) 77,978
SALEM MEDIA GROUP INC CL A 643 New 82,697
STONEGATE MTG CORP COM 641 New 111,111
NATIONAL WESTN LIFE GROUP INC CL A 595 595 New 2,747
XEROX CORP COM 576 New 60,000
THIRD PT REINS LTD COM 575 New 50,500
BLACKSTONE GROUP L P COM UNIT LTD 549 New 20,000
BAY BANCORP INC COM 534 New 104,879
AMREP CORP NEW COM 503 New 113,095
PEOPLES BANCORP N C INC COM 495 New 25,794
NEW SR INVT GROUP INC COM 461 461 New 42,700