ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 100
New Positions 6
Increased Positions 24
Decreased Positions 15
Positions with Activity 39
Sold Out Positions 5
Total Mkt Value (in $ millions) 358

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

Sector Weighting

Basic Materials 12.66%
Capital Goods 9.51%
Conglomerates
Consumer Cyclical 0.06%
Consumer/Non-Cyclical 0.32%
Energy 10.2%
Financial 26.6%
Healthcare 15.52%
Services 11.09%
Technology 7.76%
Transportation
Utilities 0.05%

100 Positions as of 12/31/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ACTIVE POWER INC COM NEW 36 New 16,900
AMBAC FINL GROUP INC WT EXP 043023 380 New 29,200
AMERICAN HOMES 4 RENT CL A 163 New 10,000
AMERICAN RLTY CAP PPTYS INC COM 9,927 3,960 66.37 1,002,700
AMKOR TECHNOLOGY INC COM 1,137 New 131,711
AMREP CORP NEW COM 597 282 89.64 113,095
APACHE CORP COM 594 New 10,000
APOLLO GLOBAL MGMT LLC CL A SHS 316 -211 (40) 15,000
ASB BANCORP INC N C COM 662 New 32,300
ASSURED GUARANTY LTD COM -259 Sold Out 0
ATLANTIC COAST FINL CORP COM 3,008 New 750,000
BANK OF THE OZARKS INC COM 3,851 -1,268 (24.77) 105,186
BLACKSTONE GROUP L P COM UNIT LTD 760 New 20,000
BLUE HILLS BANCORP INC COM 1,304 New 99,600
BROOKDALE SR LIVING INC COM 794 New 21,090
CAPITAL SR LIVING CORP COM 46,559 583 1.27 1,830,167
CARNIVAL CORP PAIRED CTF 2,120 New 45,000
CHARTER FINL CORP MD COM 1,749 New 150,124
CHC GROUP LTD SHS 60 New 47,300
CITIGROUP INC COM NEW 969 -11,730 (92.37) 19,000