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 |
TPHS
Trinity Place Holdings Inc.com
TPHS
|
+$6.33M |
| 2 |
Seaboard Corp
SEB
|
+$2.35M |
| 3 |
BP
BP
|
+$2.17M |
| 4 |
BlackBerry
BB
|
+$1.48M |
| 5 |
VOXX
VOXX International Corporation Class A
VOXX
|
+$1.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$3.35M |
| 2 |
Old Republic International
ORI
|
+$662K |
| 3 |
STL
Sterling Bancorp
STL
|
+$567K |
| 4 |
MBIA
MBI
|
+$520K |
| 5 |
FLG
Flagstar Bank National Association
FLG
|
+$296K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.73% |
| 2 | Healthcare | 28.7% |
| 3 | Communication Services | 10.37% |
| 4 | Energy | 9.29% |
| 5 | Technology | 8.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Citigroup
C
$221B
| $58.2M | 10.39% |
1,124,085
+560
| +0% | +$29.7K |
|
2
Merck
MRK
$376B
| $53.4M | 9.54% |
1,059,451
+4,945
| +0.5% | +$249K |
|
3
New York Times
NYT
$10.6B
| $52.7M | 9.42% |
3,926,355
-8,627
| -0.2% | -$115K |
|
|
HOLX
4
DELISTED
Hologic
HOLX
| $52.2M | 9.33% |
1,350,251
+8,239
| +0.6% | +$321K |
|
|
5
Pfizer
PFE
$160B
| $50.7M | 9.05% |
1,654,646
-106,629
| -6% | -$3.35M |
|
|
FLG
6
Flagstar Bank National Association
FLG
$5.59B
| $44.9M | 8.03% |
917,876
-5,807
| -0.6% | -$296K |
|
|
7
BlackBerry
BB
$4.71B
| $35.3M | 6.3% |
3,801,352
+191,950
| +5% | +$1.48M |
|
|
8
BP
BP
$115B
| $34.1M | 6.09% |
1,295,552
+76,272
| +6% | +$2.17M |
|
|
9
MBIA
MBI
$250M
| $28.6M | 5.11% |
4,409,224
-76,732
| -2% | -$520K |
|
|
10
Seaboard Corp
SEB
$4.08B
| $27.5M | 4.92% |
9,509
+750
| +9% | +$2.35M |
|
|
NTP
11
DELISTED
Nam Tai Property Inc.
NTP
| $21.1M | 3.77% |
3,645,209
+31,627
| +0.9% | +$179K |
|
|
STL
12
DELISTED
Sterling Bancorp
STL
| $16.6M | 2.97% |
1,023,363
-35,082
| -3% | -$567K |
|
13
Patterson-UTI
PTEN
$4.71B
| $16.1M | 2.88% |
1,069,841
-18,730
| -2% | -$288K |
|
|
14
Old Republic International
ORI
$10B
| $15.1M | 2.69% |
809,092
-36,769
| -4% | -$662K |
|
|
VOXX
15
DELISTED
VOXX International Corporation Class A
VOXX
| $9.62M | 1.72% |
1,828,400
+211,880
| +13% | +$1.24M |
|
|
TPHS
16
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $6.53M | 1.17% |
+1,064,651
| New | +$6.33M |
|
|
STRP
17
DELISTED
Straight Path Communications Inc.
STRP
| $4.19M | 0.75% |
244,693
+9,582
| +4% | +$226K |
|
18
Novartis
NVS
$302B
| $2.38M | 0.43% |
30,850
-1,004
| -3% | -$79.8K |
|
19
Navient
NAVI
$886M
| $2.19M | 0.39% |
191,421
-12,740
| -6% | -$156K |
|
20
Bristol-Myers Squibb
BMY
$137B
| $1.93M | 0.34% |
28,050
-750
| -3% | -$49.6K |
|
|
FNFG
21
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $1.36M | 0.24% |
125,729
-4,824
| -4% | -$51.5K |
|
22
ExxonMobil
XOM
$679B
| $1.36M | 0.24% |
17,434
-250
| -1% | -$20K |
|
23
Comcast
CMCSA
$95.3B
| $1.16M | 0.21% |
41,090
-434
| -1% | -$13.1K |
|
24
IBM
IBM
$222B
| $985K | 0.18% |
7,487
| – | – |
|
25
Bank of America
BAC
$431B
| $669K | 0.12% |
39,774
-4,222
| -10% | -$71.4K |
|
Similar funds
Kahn Brothers's Q4 2015 Portfolio in Review
As of Q4 2015, Kahn Brothers held 39 positions worth $560M, up 3.6% from $540M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Kahn Brothers's Q4 2015 filing shows 1 new, 14 increased, 17 reduced and 1 closed positions. Its largest new stake was Trinity Place Holdings Inc.com: 1,064,651 shares worth $6.53M. The largest sale was Pfizer, an estimated $3.35M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 31% a quarter earlier, followed by Healthcare and Communication Services.
- Kahn Brothers's largest Q4 2015 buy was Trinity Place Holdings Inc.com: 1,064,651 shares worth $6.53M.
- Kahn Brothers added most to Seaboard Corp in Q4 2015, an estimated $2.35M increase.
- Kahn Brothers's biggest Q4 2015 reduction was Pfizer, cutting an estimated $3.35M.
- Kahn Brothers's ten largest holdings make up 78% of its $560M portfolio in Q4 2015.
- Kahn Brothers opened 1 new position and closed 1 in Q4 2015.
- Kahn Brothers's portfolio value rose 3.6% quarter-over-quarter to $560M.
Based on Kahn Brothers Group's 13F filing for Q4 2015, filed 8 Feb 2016.