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 97
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 14.56%
Capital Goods 7.47%
Conglomerates
Consumer Cyclical 0.18%
Consumer/Non-Cyclical 0.32%
Energy 5.58%
Financial 29.39%
Healthcare 11.68%
Services 12.4%
Technology 15.92%
Transportation
Utilities

97 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
GREIF INC CL B 46,010 New 845,459
CAPITAL SR LIVING CORP COM 37,439 905 2.48 1,655,137
TEXAS PAC LD TR SUB CTF PROP I T 22,402 New 114,598
XEROX CORP COM 21,870 New 1,609,300
FOREST CITY ENTERPRISES INC CL A 19,708 New 964,208
LIBERTY INTERACTIVE CORP INT COM SER A 17,384 New 588,700
EQUINIX INC COM NEW 17,222 New 77,300
NATIONAL WESTN LIFE INS CO CL A 14,867 New 58,576
COWEN GROUP INC NEW CL A 13,278 -114 (0.85) 3,262,375
CITIGROUP INC COM NEW 12,682 2,139 20.29 249,000
AMERICAN RLTY CAP PPTYS INC COM 7,950 New 602,700
EXTREME NETWORKS INC COM 7,744 7,744 New 1,452,840
MTR GAMING GROUP INC COM 7,693 New 1,698,220
AMBAC FINL GROUP INC COM NEW 7,212 -6,432 (47.14) 292,327
LORAL SPACE & COMMUNICATNS INC COM 7,197 New 95,600
ASSURED GUARANTY LTD COM 6,824 -26,786 (79.7) 286,837
WPX ENERGY INC COM 6,552 New 260,000
DEVON ENERGY CORP NEW COM 6,339 30 .47 85,490
LENNAR CORP CL B 6,098 New 191,874
INTELSAT S A COM 5,378 1,868 53.23 304,000