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 |
Pfizer
PFE
|
+$74M |
| 2 |
Citigroup
C
|
+$65.4M |
| 3 |
Merck
MRK
|
+$56.9M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$54.1M |
| 5 |
New York Times
NYT
|
+$53M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.79% |
| 2 | Healthcare | 25% |
| 3 | Communication Services | 9.35% |
| 4 | Energy | 6.74% |
| 5 | Consumer Staples | 6.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Pfizer
PFE
$160B
| $71.2M | 10.99% |
+2,678,870
| New | +$74M |
|
|
2
Citigroup
C
$221B
| $65.2M | 10.07% |
+1,360,203
| New | +$65.4M |
|
|
3
New York Times
NYT
$10.6B
| $59.6M | 9.19% |
+5,385,808
| New | +$53M |
|
|
4
Merck
MRK
$376B
| $56.5M | 8.71% |
+1,274,011
| New | +$56.9M |
|
|
FLG
5
Flagstar Bank National Association
FLG
$5.59B
| $56.1M | 8.65% |
+1,335,412
| New | +$54.1M |
|
6
Old Republic International
ORI
$10B
| $43.9M | 6.78% |
+3,412,517
| New | +$45.2M |
|
7
MBIA
MBI
$250M
| $39.5M | 6.09% |
+2,967,350
| New | +$37.2M |
|
8
Seaboard Corp
SEB
$4.08B
| $39.2M | 6.05% |
+14,004
| New | +$38M |
|
9
Patterson-UTI
PTEN
$4.71B
| $37.5M | 5.79% |
+1,939,880
| New | +$42.3M |
|
|
HOLX
10
DELISTED
Hologic
HOLX
| $29.8M | 4.59% |
+1,541,870
| New | +$32.2M |
|
|
VOXX
11
DELISTED
VOXX International Corporation Class A
VOXX
| $28.7M | 4.43% |
+2,337,392
| New | +$24.8M |
|
|
NTP
12
DELISTED
Nam Tai Property Inc.
NTP
| $20.9M | 3.23% |
+3,736,917
| New | +$33.5M |
|
|
STL
13
DELISTED
Sterling Bancorp
STL
| $10.6M | 1.64% |
+1,139,040
| New | +$10.4M |
|
14
Astec Industries
ASTE
$1B
| $4.32M | 0.67% |
+126,000
| New | +$4.3M |
|
15
BP
BP
$115B
| $3.19M | 0.49% |
+93,525
| New | +$3.26M |
|
|
USG
16
DELISTED
Usg
USG
| $2.77M | 0.43% |
+120,000
| New | +$3.12M |
|
17
Bristol-Myers Squibb
BMY
$137B
| $2.48M | 0.38% |
+55,433
| New | +$2.41M |
|
18
Novartis
NVS
$302B
| $2.15M | 0.33% |
+33,891
| New | +$2.21M |
|
|
FNFG
19
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $1.7M | 0.26% |
+168,632
| New | +$1.61M |
|
20
ExxonMobil
XOM
$679B
| $1.62M | 0.25% |
+17,934
| New | +$1.61M |
|
|
FFIC
21
DELISTED
Flushing Financial
FFIC
| $1.13M | 0.17% |
+68,479
| New | +$1.08M |
|
22
Comcast
CMCSA
$95.3B
| $1.05M | 0.16% |
+50,568
| New | +$1.04M |
|
|
PHELK
23
DELISTED
PETE HELICOPTERS NON VTG
PHELK
| $1.02M | 0.16% |
+29,780
| New | +$1.02M |
|
24
Chevron
CVX
$403B
| $943K | 0.15% |
+7,968
| New | +$963K |
|
|
DCOM
25
DELISTED
Dime Community Bancshares
DCOM
| $899K | 0.14% |
+58,677
| New | +$849K |
|
Similar funds
Kahn Brothers's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Kahn Brothers, which disclosed 47 positions worth $648M. Its ten largest holdings account for 78% of the portfolio.
Its largest position is Pfizer: 2,678,870 shares worth $71.2M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, followed by Healthcare and Communication Services.
- Kahn Brothers's largest Q2 2013 buy was Pfizer: 2,678,870 shares worth $71.2M.
- Kahn Brothers's ten largest holdings make up 78% of its $648M portfolio in Q2 2013.
- Kahn Brothers disclosed 47 positions in Q2 2013, its first 13F filing on record.
Based on Kahn Brothers Group's 13F filing for Q2 2013, filed 9 Aug 2013.