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 |
Bank of America
BAC
|
+$1.11M |
| 2 |
VOXX
VOXX International Corporation Class A
VOXX
|
+$657K |
| 3 |
Seaboard Corp
SEB
|
+$370K |
| 4 |
Citigroup
C
|
+$261K |
| 5 |
FLG
Flagstar Bank National Association
FLG
|
+$229K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GSK
GSK
|
+$2.6M |
| 2 |
Patterson-UTI
PTEN
|
+$2.17M |
| 3 |
Assured Guaranty
AGO
|
+$1.26M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$761K |
| 5 |
BP
BP
|
+$274K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 34.63% |
| 2 | Financials | 33.2% |
| 3 | Energy | 20.16% |
| 4 | Consumer Staples | 5.04% |
| 5 | Technology | 3.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Viatris
VTRS
$18.7B
| $826K | 0.11% |
74,174
-288
| -0.4% | -$3.01K |
|
27
Provident Financial Services
PFS
$3.09B
| $587K | 0.08% |
27,472
| – | – |
|
28
Chevron
CVX
$403B
| $583K | 0.08% |
3,248
| – | – |
|
29
Verizon
VZ
$205B
| $550K | 0.07% |
13,954
-310
| -2% | -$11.7K |
|
30
Rafael Holdings
RFL
$112M
| $527K | 0.07% |
285,321
-793
| -0.3% | -$1.45K |
|
31
Hope Bancorp
HOPE
$1.78B
| $397K | 0.05% |
31,000
| – | – |
|
32
Navient
NAVI
$886M
| $383K | 0.05% |
23,286
-4,000
| -15% | -$63.3K |
|
33
PepsiCo
PEP
$196B
| $343K | 0.05% |
1,900
| – | – |
|
34
Procter & Gamble
PG
$336B
| $323K | 0.04% |
2,244
| – | – |
|
35
AT&T
T
$173B
| $319K | 0.04% |
17,329
+575
| +3% | +$10.3K |
|
36
Comcast
CMCSA
$95.3B
| $288K | 0.04% |
8,238
+1,164
| +16% | +$38.5K |
|
37
Zedge
ZDGE
$38M
| $215K | 0.03% |
121,878
+368
| +0.3% | +$796 |
|
38
Glacier Bancorp
GBCI
$6.15B
| $213K | 0.03% |
4,320
| – | – |
|
|
NTP
39
DELISTED
Nam Tai Property Inc.
NTP
| $116K | 0.02% |
+87,300
| New | +$116K |
|
|
IDW
40
DELISTED
IDW Media Holdings
IDW
| $65.9K | 0.01% |
70,624
+720
| +1% | +$899 |
|
41
Lifeway Foods
LWAY
$392M
| $55K | 0.01% |
10,000
| – | – |
|
42
Deutsche Bank
DB
$71.1B
| – | – |
-10,000
| Closed | -$74K |
|
Similar funds
Kahn Brothers's Q4 2022 Portfolio in Review
As of Q4 2022, Kahn Brothers held 46 positions worth $760M, up 18% from $642M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Trading was light in Q4 2022: portfolio turnover was 4.3%. Kahn Brothers opened 1 new position and exited 1, leaving the 46-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 35% of assets, down from 36% a quarter earlier, followed by Financials and Energy.
- Kahn Brothers's largest Q4 2022 buy was Nam Tai Property Inc.: 87,300 shares worth $116K.
- Kahn Brothers added most to Bank of America in Q4 2022, an estimated $1.11M increase.
- Kahn Brothers's biggest Q4 2022 reduction was GSK, cutting an estimated $2.6M.
- Kahn Brothers fully exited Deutsche Bank in Q4 2022, selling an estimated $74K.
- Kahn Brothers's ten largest holdings make up 83% of its $760M portfolio in Q4 2022.
- Kahn Brothers opened 1 new position and closed 1 in Q4 2022.
- Kahn Brothers's portfolio value rose 18% quarter-over-quarter to $760M.
Based on Kahn Brothers Group's 13F filing for Q4 2022, filed 15 Feb 2023.