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 |
Assured Guaranty
AGO
|
+$15.3M |
| 2 |
GSK
GSK
|
+$8.83M |
| 3 |
BP
BP
|
+$1.46M |
| 4 |
BlackBerry
BB
|
+$1.21M |
| 5 |
MBIA
MBI
|
+$584K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOLX
Hologic
HOLX
|
+$11.4M |
| 2 |
Pfizer
PFE
|
+$6.4M |
| 3 |
FLG
Flagstar Bank National Association
FLG
|
+$3.01M |
| 4 |
STL
Sterling Bancorp
STL
|
+$2.2M |
| 5 |
Patterson-UTI
PTEN
|
+$1.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.31% |
| 2 | Healthcare | 29.17% |
| 3 | Energy | 12.39% |
| 4 | Communication Services | 10.58% |
| 5 | Technology | 7.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Citigroup
C
$221B
| $64.8M | 11.15% |
1,083,425
-5,340
| -0.5% | -$316K |
|
2
Merck
MRK
$376B
| $59.7M | 10.27% |
985,245
-13,228
| -1% | -$803K |
|
3
New York Times
NYT
$10.6B
| $53.2M | 9.16% |
3,697,428
-31,470
| -0.8% | -$450K |
|
|
4
BP
BP
$115B
| $47.5M | 8.17% |
1,577,594
+48,029
| +3% | +$1.46M |
|
|
5
GSK
GSK
$105B
| $44.3M | 7.62% |
840,796
+174,144
| +26% | +$8.83M |
|
|
HOLX
6
DELISTED
Hologic
HOLX
| $39.1M | 6.72% |
918,399
-279,005
| -23% | -$11.4M |
|
|
7
MBIA
MBI
$250M
| $37.5M | 6.45% |
4,426,198
+58,034
| +1% | +$584K |
|
|
8
BlackBerry
BB
$4.71B
| $35.1M | 6.03% |
4,526,260
+170,450
| +4% | +$1.21M |
|
9
Seaboard Corp
SEB
$4.08B
| $34.7M | 5.98% |
8,333
-37
| -0.4% | -$145K |
|
|
FLG
10
Flagstar Bank National Association
FLG
$5.59B
| $28.4M | 4.88% |
676,884
-66,870
| -9% | -$3.01M |
|
|
11
Pfizer
PFE
$160B
| $22.8M | 3.93% |
703,685
-203,061
| -22% | -$6.4M |
|
|
12
Patterson-UTI
PTEN
$4.71B
| $22.7M | 3.9% |
933,606
-46,745
| -5% | -$1.26M |
|
|
STL
13
DELISTED
Sterling Bancorp
STL
| $21.8M | 3.75% |
920,779
-91,585
| -9% | -$2.2M |
|
|
14
Assured Guaranty
AGO
$3.27B
| $14.3M | 2.46% |
+385,130
| New | +$15.3M |
|
|
NTP
15
DELISTED
Nam Tai Property Inc.
NTP
| $13.2M | 2.27% |
1,915,260
-5,400
| -0.3% | -$39.5K |
|
|
VOXX
16
DELISTED
VOXX International Corporation Class A
VOXX
| $9.17M | 1.58% |
1,763,561
+17,700
| +1% | +$81.8K |
|
|
STRP
17
DELISTED
Straight Path Communications Inc.
STRP
| $7.65M | 1.32% |
212,806
-550
| -0.3% | -$19.1K |
|
18
Novartis
NVS
$302B
| $2.07M | 0.36% |
31,149
+938
| +3% | +$62.5K |
|
19
Navient
NAVI
$886M
| $2M | 0.34% |
135,493
-46,898
| -26% | -$719K |
|
20
Bristol-Myers Squibb
BMY
$137B
| $1.55M | 0.27% |
28,583
| – | – |
|
21
ExxonMobil
XOM
$679B
| $1.42M | 0.24% |
17,334
| – | – |
|
22
IBM
IBM
$222B
| $1.01M | 0.17% |
6,049
-105
| -2% | -$17.6K |
|
23
Old Republic International
ORI
$10B
| $983K | 0.17% |
48,000
| – | – |
|
|
TPHS
24
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $864K | 0.15% |
1,062,251
+600
| +0.1% | +$4.85K |
|
25
Bank of America
BAC
$431B
| $652K | 0.11% |
27,624
| – | – |
|
Similar funds
Kahn Brothers's Q1 2017 Portfolio in Review
As of Q1 2017, Kahn Brothers held 36 positions worth $581M, down 1.8% from $592M the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Kahn Brothers's Q1 2017 filing shows 1 new, 7 increased, 20 reduced and 1 closed positions. Its largest new stake was Assured Guaranty: 385,130 shares worth $14.3M. The largest sale was Hologic, an estimated $11.4M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Energy.
- Kahn Brothers's largest Q1 2017 buy was Assured Guaranty: 385,130 shares worth $14.3M.
- Kahn Brothers added most to GSK in Q1 2017, an estimated $8.83M increase.
- Kahn Brothers's biggest Q1 2017 reduction was Hologic, cutting an estimated $11.4M.
- Kahn Brothers's ten largest holdings make up 76% of its $581M portfolio in Q1 2017.
- Kahn Brothers opened 1 new position and closed 1 in Q1 2017.
- Kahn Brothers's portfolio value fell 1.8% quarter-over-quarter to $581M.
Based on Kahn Brothers Group's 13F filing for Q1 2017, filed 8 May 2017.