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 |
BlackBerry
BB
|
+$841K |
| 2 |
VRAY
ViewRay, Inc.
VRAY
|
+$626K |
| 3 |
Apple
AAPL
|
+$135K |
| 4 |
Comcast
CMCSA
|
+$90.4K |
| 5 |
Navient
NAVI
|
+$11.8K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$84.7M |
| 2 |
Citigroup
C
|
+$4M |
| 3 |
Assured Guaranty
AGO
|
+$2.33M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$2.07M |
| 5 |
BP
BP
|
+$1.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 35.01% |
| 2 | Financials | 34.11% |
| 3 | Energy | 10.95% |
| 4 | Consumer Staples | 6.65% |
| 5 | Technology | 6.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Chevron
CVX
$403B
| $527K | 0.06% |
4,376
| – | – |
|
|
SBBX
27
DELISTED
SB One Bancorp Common Stock
SBBX
| $505K | 0.06% |
20,245
| – | – |
|
28
Hope Bancorp
HOPE
$1.78B
| $474K | 0.06% |
31,920
| – | – |
|
|
29
Comcast
CMCSA
$95.3B
| $400K | 0.05% |
8,888
+2,030
| +30% | +$90.4K |
|
|
30
Navient
NAVI
$886M
| $346K | 0.04% |
13,680
+880
| +7% | +$11.8K |
|
|
31
Apple
AAPL
$4.51T
| $300K | 0.04% |
4,092
+2,092
| +105% | +$135K |
|
32
Glacier Bancorp
GBCI
$6.15B
| $288K | 0.03% |
6,265
-8,306
| -57% | -$359K |
|
33
PepsiCo
PEP
$196B
| $287K | 0.03% |
2,100
| – | – |
|
34
Alcon
ALC
$35.6B
| $269K | 0.03% |
4,756
-120
| -2% | -$6.87K |
|
35
Zedge
ZDGE
$38M
| $254K | 0.03% |
164,784
-5,259
| -3% | -$9K |
|
36
KeyCorp
KEY
$23.3B
| $231K | 0.03% |
11,392
-957
| -8% | -$18.1K |
|
37
Lifeway Foods
LWAY
$392M
| $19.9K | ﹤0.01% |
10,000
| – | – |
|
38
Valhi
VHI
$476M
| $19.4K | ﹤0.01% |
864
| – | – |
|
39
Consolidated Edison
ED
$39.3B
| – | – |
-1,674
| Closed | -$158K |
|
Similar funds
Kahn Brothers's Q4 2019 Portfolio in Review
As of Q4 2019, Kahn Brothers held 48 positions worth $825M, up 3.4% from $798M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Kahn Brothers withdrew a net $107M in Q4 2019, closing 1 position and reducing 28 holdings. Its most notable exit was Consolidated Edison, an estimated $158K position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 35% of assets, up from 33% a quarter earlier, followed by Financials and Energy.
Against the trend, Kahn Brothers added an estimated $841K to BlackBerry.
- Kahn Brothers added most to BlackBerry in Q4 2019, an estimated $841K increase.
- Kahn Brothers's biggest Q4 2019 reduction was Merck, cutting an estimated $84.7M.
- Kahn Brothers fully exited Consolidated Edison in Q4 2019, selling an estimated $158K.
- Kahn Brothers's ten largest holdings make up 80% of its $825M portfolio in Q4 2019.
- Kahn Brothers opened 0 new positions and closed 1 in Q4 2019.
- Kahn Brothers's portfolio value rose 3.4% quarter-over-quarter to $825M.
Based on Kahn Brothers Group's 13F filing for Q4 2019, filed 27 Jan 2020.