Arbiter Partners Capital Management’s Returns, AUM and Holdings

Based on Arbiter Partners’ latest 13F filing with the SEC, some of the largest positions it held were in Cowen Inc. (NASDAQ:COWN), an asset management holding company, and McKesson Corporation (NYSE:MCK), a healthcare company serving more than 50% of U.S. hospitals; the value of its holdings in those stocks amounted to 2.72% and 1.58% of its 13F portfolio respectively. The fund increased its stake in both companies by 10% during Q3. As of September 30, Arbiter Partners Capital Management owned 1.68 million shares of Cowen Inc. (NASDAQ:COWN) and 119,800 shares of McKesson Corporation (NYSE:MCK), valued at $27.31 million and $15.89 million, respectively.

Meanwhile, on the list of top newcomers to the fund’s portfolio during the third quarter, the most notable positions were in Lincoln National Corp (NYSE:LNC), a Fortune 500 financial services company, and Walgreens Boots Alliance Inc. (NASDAQ:WBA), which operates as a pharmacy-led health and wellbeing company. The fund purchased 117,398 shares of Lincoln National Corp (NYSE:LNC) during Q3, valued at $7.94 million at the end of the quarter, as well as  11,000 shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) worth $802,000.

When it comes to the fund increasing and lowering its stakes in companies during the third quarter, the most significant changes also involve finance and health stocks, the fund’s specialties. It seems Arbiter Partners Capital Management is quite optimistic regarding Paratek Pharmaceuticals Inc. (NASDAQ:PRTK), a clinical-stage biopharmaceutical company, as it raised its stake in the company by 28% during Q3, to 992,146 shares worth $9.62 million. Quite the opposite was the case with real estate investment trust JBG Smith Properties (NYSE:JBGS), in which the fund lowered its stake by 59% to 110,476 shares valued at $4.06 million.

Lastly, some of the biggest positions Arbiter Partners Capital Management decided to say goodbye to were its Pitney-Bowes Inc. (NYSE:PBI) and Antero Resources Corp (NYSE:AR) holdings, which had counted 874,639 shares and 11,000 shares, respectively, back on June 30.

Disclosure: None.

This article was originally published at Insider Monkey.