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 |
CSX Corp
CSX
|
+$1.6M |
| 2 |
GSK
GSK
|
+$668K |
| 3 |
Citigroup
C
|
+$390K |
| 4 |
Comcast
CMCSA
|
+$214K |
| 5 |
Bank of America
BAC
|
+$165K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Patterson-UTI
PTEN
|
+$2.86M |
| 2 |
BP
BP
|
+$2.56M |
| 3 |
Haleon
HLN
|
+$1.98M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$1.2M |
| 5 |
Merck
MRK
|
+$1.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.89% |
| 2 | Healthcare | 32.94% |
| 3 | Energy | 18.94% |
| 4 | Consumer Staples | 5.66% |
| 5 | Technology | 4.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TPHS
26
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $540K | 0.08% |
1,480,940
-11,475
| -0.8% | -$5.34K |
|
27
Rafael Holdings
RFL
$112M
| $519K | 0.08% |
277,035
-2,054
| -0.7% | -$4.35K |
|
28
Verizon
VZ
$205B
| $414K | 0.06% |
12,779
-556
| -4% | -$18.8K |
|
|
NTP
29
DELISTED
Nam Tai Property Inc.
NTP
| $408K | 0.06% |
85,890
| – | – |
|
30
Navient
NAVI
$886M
| $401K | 0.06% |
23,286
| – | – |
|
31
PepsiCo
PEP
$196B
| $322K | 0.05% |
1,900
| – | – |
|
32
Procter & Gamble
PG
$336B
| $292K | 0.05% |
2,000
+100
| +5% | +$15.3K |
|
33
Zedge
ZDGE
$38M
| $255K | 0.04% |
116,434
-1,351
| -1% | -$2.83K |
|
34
Lifeway Foods
LWAY
$392M
| $103K | 0.02% |
10,000
| – | – |
|
35
AT&T
T
$173B
| $99.7K | 0.02% |
6,635
| – | – |
|
|
36
Comcast
CMCSA
$95.3B
| $65.4K | 0.01% |
6,272
+4,796
| +325% | +$214K |
|
|
IDW
37
DELISTED
IDW Media Holdings
IDW
| $40.5K | 0.01% |
67,352
-664
| -1% | -$400 |
|
|
VRAY
38
DELISTED
ViewRay, Inc.
VRAY
| $17K | ﹤0.01% |
2,046,547
-2,000
| -0.1% | -$474 |
|
39
Glacier Bancorp
GBCI
$6.15B
| – | – |
-4,320
| Closed | -$180K |
|
40
Hope Bancorp
HOPE
$1.78B
| – | – |
-31,000
| Closed | -$261K |
|
Similar funds
Kahn Brothers's Q3 2023 Portfolio in Review
As of Q3 2023, Kahn Brothers held 45 positions worth $641M, down 6% from $682M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Kahn Brothers's Q3 2023 filing shows 2 new, 7 increased, 24 reduced and 2 closed positions. Its largest new stake was CSX Corp: 50,428 shares worth $1.55M. The largest sale was Patterson-UTI, an estimated $2.86M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 34% a quarter earlier, followed by Healthcare and Energy.
- Kahn Brothers's largest Q3 2023 buy was CSX Corp: 50,428 shares worth $1.55M.
- Kahn Brothers added most to GSK in Q3 2023, an estimated $668K increase.
- Kahn Brothers's biggest Q3 2023 reduction was Patterson-UTI, cutting an estimated $2.86M.
- Kahn Brothers fully exited Hope Bancorp in Q3 2023, selling an estimated $261K.
- Kahn Brothers's ten largest holdings make up 83% of its $641M portfolio in Q3 2023.
- Kahn Brothers opened 2 new positions and closed 2 in Q3 2023.
- Kahn Brothers's portfolio value fell 6% quarter-over-quarter to $641M.
Based on Kahn Brothers Group's 13F filing for Q3 2023, filed 13 Nov 2023.