Paul Isaac - Arbiter Partners Capital Management Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Arbiter Partners Capital Management portfolio balances reported a total equity value of $145.87M across 35 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 12, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight GRAIL INC (GRAL) as the single largest position, accounting for 42.0% of total equity value, followed by GREIF INC-CL B (GEF-B), STEREOTAXIS INC (STXS), SHINHAN FINANCIAL GROUP-ADR (SHG), and others. Collectively, the top five holdings represent 65.3% of the portfolio, showing how capital is distributed among core positions and long-term investments.