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 |
Haleon
HLN
|
+$9.34M |
| 2 |
GSK
GSK
|
+$6.06M |
| 3 |
Citigroup
C
|
+$2.37M |
| 4 |
VOXX
VOXX International Corporation Class A
VOXX
|
+$2.29M |
| 5 |
FLG
Flagstar Bank National Association
FLG
|
+$1.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Assured Guaranty
AGO
|
+$2.81M |
| 2 |
Patterson-UTI
PTEN
|
+$2.67M |
| 3 |
Merck
MRK
|
+$1.32M |
| 4 |
BP
BP
|
+$811K |
| 5 |
ExxonMobil
XOM
|
+$666K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 35.69% |
| 2 | Financials | 32.99% |
| 3 | Energy | 18.33% |
| 4 | Consumer Staples | 5.33% |
| 5 | Technology | 4.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bristol-Myers Squibb
BMY
$137B
| $65.7M | 10.24% |
924,093
-4,772
| -0.5% | -$346K |
|
|
2
BP
BP
$115B
| $62.1M | 9.67% |
2,173,723
-27,256
| -1% | -$811K |
|
|
3
Assured Guaranty
AGO
$3.27B
| $60.4M | 9.41% |
1,252,676
-52,322
| -4% | -$2.81M |
|
|
4
Merck
MRK
$376B
| $58.6M | 9.13% |
684,255
-14,769
| -2% | -$1.32M |
|
|
5
Patterson-UTI
PTEN
$4.71B
| $53.8M | 8.38% |
4,603,562
-186,805
| -4% | -$2.67M |
|
|
FLG
6
Flagstar Bank National Association
FLG
$5.59B
| $50.6M | 7.89% |
1,979,038
+38,246
| +2% | +$1.12M |
|
|
7
Citigroup
C
$221B
| $48.5M | 7.55% |
1,162,791
+47,993
| +4% | +$2.37M |
|
8
Pfizer
PFE
$160B
| $45.6M | 7.11% |
1,042,353
-5,146
| -0.5% | -$250K |
|
9
MBIA
MBI
$250M
| $44.3M | 6.9% |
4,810,474
-25,930
| -0.5% | -$307K |
|
|
10
GSK
GSK
$105B
| $38.4M | 5.98% |
1,304,939
+160,011
| +14% | +$6.06M |
|
11
Seaboard Corp
SEB
$4.08B
| $33.5M | 5.23% |
9,857
-51
| -0.5% | -$197K |
|
|
VOXX
12
DELISTED
VOXX International Corporation Class A
VOXX
| $22.4M | 3.49% |
2,942,172
+266,160
| +10% | +$2.29M |
|
13
IDT Corp
IDT
$1.69B
| $11.6M | 1.81% |
467,829
-337
| -0.1% | -$8.66K |
|
|
14
Haleon
HLN
$44B
| $8.79M | 1.37% |
+1,442,550
| New | +$9.34M |
|
15
BlackBerry
BB
$4.71B
| $6.94M | 1.08% |
1,476,968
-21,760
| -1% | -$130K |
|
|
VRAY
16
DELISTED
ViewRay, Inc.
VRAY
| $6.02M | 0.94% |
1,653,417
+30,000
| +2% | +$101K |
|
|
WBS
17
DELISTED
Webster Financial
WBS
| $5.18M | 0.81% |
114,564
-7,164
| -6% | -$332K |
|
18
Genie Energy
GNE
$395M
| $3.02M | 0.47% |
322,777
-337
| -0.1% | -$3.26K |
|
|
HOLX
19
DELISTED
Hologic
HOLX
| $2.06M | 0.32% |
31,985
| – | – |
|
20
Novartis
NVS
$302B
| $1.75M | 0.27% |
23,078
| – | – |
|
21
Organon & Co
OGN
$3.61B
| $1.46M | 0.23% |
62,268
-4,290
| -6% | -$130K |
|
|
22
ExxonMobil
XOM
$679B
| $1.3M | 0.2% |
14,909
-7,300
| -33% | -$666K |
|
|
TPHS
23
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $1.29M | 0.2% |
1,457,260
-7,347
| -0.5% | -$7.44K |
|
24
Berkshire Hathaway Class B
BRK.B
$1.06T
| $830K | 0.13% |
3,107
-43
| -1% | -$12.2K |
|
25
Viatris
VTRS
$18.7B
| $637K | 0.1% |
74,462
-747
| -1% | -$7.35K |
|
Similar funds
Kahn Brothers's Q3 2022 Portfolio in Review
As of Q3 2022, Kahn Brothers held 47 positions worth $642M, down 14% from $743M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Kahn Brothers's Q3 2022 filing shows 2 new, 7 increased, 21 reduced and 2 closed positions. Its largest new stake was Haleon: 1,442,550 shares worth $8.79M. The largest sale was Assured Guaranty, an estimated $2.81M.
By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 36% a quarter earlier, followed by Financials and Energy.
- Kahn Brothers's largest Q3 2022 buy was Haleon: 1,442,550 shares worth $8.79M.
- Kahn Brothers added most to GSK in Q3 2022, an estimated $6.06M increase.
- Kahn Brothers's biggest Q3 2022 reduction was Assured Guaranty, cutting an estimated $2.81M.
- Kahn Brothers fully exited Nam Tai Property Inc. in Q3 2022, selling an estimated $364K.
- Kahn Brothers's ten largest holdings make up 82% of its $642M portfolio in Q3 2022.
- Kahn Brothers opened 2 new positions and closed 2 in Q3 2022.
- Kahn Brothers's portfolio value fell 14% quarter-over-quarter to $642M.
Based on Kahn Brothers Group's 13F filing for Q3 2022, filed 15 Nov 2022.