Arbiter Partners Capital Management LLC Buys Capital Senior Living, Domtar, Gilead Sciences, Sells First Citizens BancShares (DE), Chicago Bridge & Iron Co NV, Staples

• New Purchases: UFS, GME, AMG, DYN, MYL, LVNTA, OTTW, LONE,
• Added Positions: CSU, GILD, XRX, MCK, LILAK, NAK, COWN, WLH, KKR,
• Reduced Positions: FCNCA, CBI, TPL, ESSA, GEF.B, PBT, DVN, HFBC, QVCA, GLRE,
• Sold Out: SPLS, LDOS, OPY, BHBK, ANAT, APA, LMNR, OZM,

For the details of Arbiter Partners Capital Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Arbiter+Partners+Capital+Management+LLC

1. Tesla Inc (TSLA) - 323,800 shares, 11.83% of the total portfolio.
2. Capital Senior Living Corp (CSU) - 4,245,640 shares, 11.65% of the total portfolio. Shares added by 56.50%
3. Pioneer Natural Resources Co (PXD) - 344,900 shares, 10.62% of the total portfolio.
4. Greif Inc (GEF.B) - 773,284 shares, 8.93% of the total portfolio. Shares reduced by 4.19%
5. Citigroup Inc (C) - 675,000 shares, 6.86% of the total portfolio.

Arbiter Partners Capital Management LLC initiated holdings in Domtar Corp. The purchase prices were between $34.25 and $41.59, with an estimated average price of $38.07. The stock is now traded at around $37.97. The impact to the portfolio due to this purchase was 1.33%. The holdings were 199,338 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC initiated holdings in GameStop Corp. The purchase prices were between $20.73 and $27.78, with an estimated average price of $24.69. The stock is now traded at around $25.17. The impact to the portfolio due to this purchase was 1.06%. The holdings were 245,453 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC initiated holdings in Affiliated Managers Group Inc. The purchase prices were between $131.57 and $161.38, with an estimated average price of $145.21. The stock is now traded at around $169.45. The impact to the portfolio due to this purchase was 0.83%. The holdings were 33,585 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC initiated holdings in Dynegy Inc. The purchase prices were between $7.34 and $13.38, with an estimated average price of $9.85. The stock is now traded at around $8.17. The impact to the portfolio due to this purchase was 0.25%. The holdings were 172,400 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC initiated holdings in Mylan NV. The purchase prices were between $34.14 and $38.92, with an estimated average price of $37.16. The stock is now traded at around $45.09. The impact to the portfolio due to this purchase was 0.09%. The holdings were 13,950 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC initiated holdings in Liberty Ventures Group. The purchase prices were between $36.87 and $41.22, with an estimated average price of $39.29. The stock is now traded at around $44.08. The impact to the portfolio due to this purchase was 0.05%. The holdings were 7,179 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC added to the holdings in Capital Senior Living Corp by 56.50%. The purchase prices were between $12.87 and $17.38, with an estimated average price of $15.78. The stock is now traded at around $15.22. The impact to the portfolio due to this purchase was 4.21%. The holdings were 4,245,640 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC added to the holdings in Gilead Sciences Inc by 321.88%. The purchase prices were between $71.61 and $78.47, with an estimated average price of $74.33. The stock is now traded at around $70.42. The impact to the portfolio due to this purchase was 1.26%. The holdings were 135,000 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC added to the holdings in Xerox Corp by 1283.61%. The purchase prices were between $5.74 and $6.67, with an estimated average price of $6.22. The stock is now traded at around $7.36. The impact to the portfolio due to this purchase was 0.76%. The holdings were 830,166 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC added to the holdings in McKesson Corp by 666.67%. The purchase prices were between $124.11 and $165.82, with an estimated average price of $147.1. The stock is now traded at around $152.42. The impact to the portfolio due to this purchase was 0.48%. The holdings were 23,000 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC added to the holdings in LiLAC Group by 124.39%. The purchase prices were between $19.37 and $28.74, with an estimated average price of $23.43. The stock is now traded at around $23.43. The impact to the portfolio due to this purchase was 0.34%. The holdings were 168,691 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC added to the holdings in Northern Dynasty Minerals Ltd by 34.11%. The purchase prices were between $0.58 and $2.46, with an estimated average price of $1.16. The stock is now traded at around $1.39. The impact to the portfolio due to this purchase was 0.23%. The holdings were 2,535,027 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC sold out the holdings in Staples Inc. The sale prices were between $7.28 and $10.01, with an estimated average price of $8.72.

Arbiter Partners Capital Management LLC sold out the holdings in Oppenheimer Holdings Inc. The sale prices were between $13.9 and $19.35, with an estimated average price of $16.5.

Arbiter Partners Capital Management LLC sold out the holdings in Leidos Holdings Inc. The sale prices were between $41.18 and $52.38, with an estimated average price of $46.75.

Arbiter Partners Capital Management LLC sold out the holdings in Blue Hills Bancorp Inc. The sale prices were between $14.54 and $18.9, with an estimated average price of $16.7.

Arbiter Partners Capital Management LLC sold out the holdings in American National Insurance Co. The sale prices were between $112.53 and $131.18, with an estimated average price of $122.13.

Arbiter Partners Capital Management LLC sold out the holdings in Limoneira Co. The sale prices were between $17.9 and $21.51, with an estimated average price of $19.37.

Arbiter Partners Capital Management LLC reduced to the holdings in First Citizens BancShares Inc (DE) by 98.22%. The sale prices were between $283.96 and $365.09, with an estimated average price of $326.56. The stock is now traded at around $361.49. The impact to the portfolio due to this sale was -2.04%. Arbiter Partners Capital Management LLC still held 1,011 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC reduced to the holdings in Chicago Bridge & Iron Co NV by 99.38%. The sale prices were between $26.84 and $36.21, with an estimated average price of $31.28. The stock is now traded at around $32.30. The impact to the portfolio due to this sale was -1.67%. Arbiter Partners Capital Management LLC still held 3,000 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC reduced to the holdings in ESSA Bancorp Inc by 78%. The sale prices were between $13.35 and $16.68, with an estimated average price of $14.73. The stock is now traded at around $15.73. The impact to the portfolio due to this sale was -0.28%. Arbiter Partners Capital Management LLC still held 46,615 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC reduced to the holdings in Permian Basin Royalty Trust by 93.28%. The sale prices were between $6.76 and $8.39, with an estimated average price of $7.25. The stock is now traded at around $9.21. The impact to the portfolio due to this sale was -0.16%. Arbiter Partners Capital Management LLC still held 12,834 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC reduced to the holdings in Devon Energy Corp by 23.39%. The sale prices were between $37.69 and $48.33, with an estimated average price of $44.16. The stock is now traded at around $43.39. The impact to the portfolio due to this sale was -0.11%. Arbiter Partners Capital Management LLC still held 65,490 shares as of 2016-12-31.

Arbiter Partners Capital Management LLC reduced to the holdings in HopFed Bancorp Inc by 79%. The sale prices were between $11.05 and $14.01, with an estimated average price of $12.24. The stock is now traded at around $14.92. The impact to the portfolio due to this sale was -0.1%. Arbiter Partners Capital Management LLC still held 19,809 shares as of 2016-12-31.