Kahn Brothers Kahn Brothers Group
Kahn Brothers Group is a value investment firm founded in the tradition of Benjamin Graham and long associated with the Kahn family of investors. The firm is known for deep-value security analysis, patience, and a multi-decade orientation to intrinsic value. Its filings are followed by classic value investors seeking Graham-and-Dodd style managers still active in public markets.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zillow
Z
|
+$24.5M |
| 2 |
MBIA
MBI
|
+$13M |
| 3 |
SEG
Seaport Entertainment Group
SEG
|
+$559K |
| 4 |
WBS
Webster Financial
WBS
|
+$316K |
| 5 |
Bristol-Myers Squibb
BMY
|
+$217K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Organon & Co
OGN
|
+$34.3M |
| 2 |
Seaboard Corp
SEB
|
+$2.52M |
| 3 |
Walt Disney
DIS
|
+$2.02M |
| 4 |
IDT Corp
IDT
|
+$1.11M |
| 5 |
Merck
MRK
|
+$1.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.3% |
| 2 | Healthcare | 29.34% |
| 3 | Communication Services | 21.38% |
| 4 | Energy | 6.54% |
| 5 | Real Estate | 3.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Citigroup
C
$221B
| $117M | 18.5% |
836,337
-4,560
| -0.5% | -$594K |
|
|
BAY
2
DELISTED
BAYER AG SPONS ADR
BAY
| $89.3M | 14.12% |
6,518,603
+4,710
| +0.1% | +$64.5K |
|
|
FLG
3
Flagstar Bank National Association
FLG
$5.59B
| $60.9M | 9.62% |
4,074,720
-8,898
| -0.2% | -$126K |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $42.7M | 6.75% |
120,906
-1,123
| -0.9% | -$401K |
|
|
5
Zillow
Z
$8.07B
| $37.3M | 5.89% |
1,182,261
+637,049
| +117% | +$24.5M |
|
|
6
Organon & Co
OGN
$3.61B
| $36.2M | 5.72% |
2,670,523
-2,866,470
| -52% | -$34.3M |
|
|
7
Walt Disney
DIS
$186B
| $34.6M | 5.46% |
359,092
-19,817
| -5% | -$2.02M |
|
|
8
Merck
MRK
$376B
| $28M | 4.43% |
218,182
-9,106
| -4% | -$1.07M |
|
|
9
MBIA
MBI
$250M
| $27.5M | 4.34% |
4,213,920
+2,157,486
| +105% | +$13M |
|
|
SEG
10
Seaport Entertainment Group
SEG
$344M
| $24.4M | 3.86% |
917,005
+23,778
| +3% | +$559K |
|
|
11
Seaboard Corp
SEB
$4.08B
| $24.1M | 3.8% |
5,389
-482
| -8% | -$2.52M |
|
12
BP
BP
$115B
| $23.1M | 3.65% |
624,999
+2,743
| +0.4% | +$120K |
|
|
13
IDT Corp
IDT
$1.69B
| $20.5M | 3.23% |
351,660
-20,906
| -6% | -$1.11M |
|
14
Patterson-UTI
PTEN
$4.71B
| $15.3M | 2.41% |
1,663,758
-26,398
| -2% | -$295K |
|
15
Pfizer
PFE
$160B
| $11.2M | 1.77% |
464,001
-20,732
| -4% | -$542K |
|
|
16
Bristol-Myers Squibb
BMY
$137B
| $10M | 1.59% |
174,152
+3,771
| +2% | +$217K |
|
17
GSK
GSK
$105B
| $8.31M | 1.31% |
158,438
-2,544
| -2% | -$135K |
|
18
ExxonMobil
XOM
$679B
| $2.41M | 0.38% |
17,655
-600
| -3% | -$89.8K |
|
19
Genie Energy
GNE
$395M
| $2.2M | 0.35% |
151,941
-23,070
| -13% | -$323K |
|
20
Novartis
NVS
$302B
| $2.07M | 0.33% |
13,186
-200
| -1% | -$30K |
|
|
FFH
21
DELISTED
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
| $1.67M | 0.26% |
1,018
| – | – |
|
22
CSX Corp
CSX
$95.6B
| $1.65M | 0.26% |
34,781
-1,700
| -5% | -$76.8K |
|
23
JPMorgan Chase
JPM
$935B
| $942K | 0.15% |
2,878
+60
| +2% | +$18.6K |
|
24
Apple
AAPL
$4.51T
| $895K | 0.14% |
3,092
| – | – |
|
25
Microsoft
MSFT
$3.59T
| $809K | 0.13% |
2,168
+76
| +4% | +$30.8K |
|
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Kahn Brothers's Q2 2026 Portfolio in Review
As of Q2 2026, Kahn Brothers held 49 positions worth $633M, up 12% from $564M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Trading was light in Q2 2026: portfolio turnover was 4.1%. Kahn Brothers opened 1 new position and exited 1, leaving the 49-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 29% a quarter earlier, followed by Healthcare and Communication Services.
- Kahn Brothers's largest Q2 2026 buy was Webster Financial: 4,349 shares worth $332K.
- Kahn Brothers added most to Zillow in Q2 2026, an estimated $24.5M increase.
- Kahn Brothers's biggest Q2 2026 reduction was Organon & Co, cutting an estimated $34.3M.
- Kahn Brothers fully exited Comcast in Q2 2026, selling an estimated $206K.
- Kahn Brothers's ten largest holdings make up 79% of its $633M portfolio in Q2 2026.
- Kahn Brothers opened 1 new position and closed 1 in Q2 2026.
- Kahn Brothers's portfolio value rose 12% quarter-over-quarter to $633M.
Based on Kahn Brothers Group's 13F filing for Q2 2026, filed 14 Aug 2026.