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

92 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
GREIF INC CL B 46,881 222 .48 845,459
CAPITAL SR LIVING CORP COM 40,911 New 1,615,137
ASSURED GUARANTY LTD COM 33,285 6,187 22.83 1,412,769
XEROX CORP COM 20,663 950 4.82 1,609,300
TEXAS PAC LD TR SUB CTF PROP I T 20,267 New 114,598
FOREST CITY ENTERPRISES INC CL A 19,005 New 964,208
LIBERTY INTERACTIVE CORP INT COM SER A 17,267 New 588,700
EQUINIX INC COM NEW 16,783 15,849 1,697.67 77,300
NATIONAL WESTN LIFE INS CO CL A 14,702 53 .37 58,576
COWEN GROUP INC NEW CL A 14,050 New 3,290,375
AMBAC FINL GROUP INC COM NEW 13,290 -6,491 (32.82) 553,057
CITIGROUP INC COM NEW 10,369 5,009 93.46 207,000
MTR GAMING GROUP INC COM 8,085 New 1,698,220
CAPITAL ONE FINL CORP COM 7,824 New 94,955
AMERICAN RLTY CAP PPTYS INC COM 7,745 7,745 New 602,700
LORAL SPACE & COMMUNICATNS INC COM 7,004 -603 (7.93) 95,600
DEVON ENERGY CORP NEW COM 6,725 -32 (0.47) 85,090
AMKOR TECHNOLOGY INC COM 6,603 New 647,711
LENNAR CORP CL B 6,295 36 .58 191,874
WPX ENERGY INC COM 5,582 New 260,000