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 |
Zillow
Z
|
+$29M |
| 2 |
Organon & Co
OGN
|
+$14.4M |
| 3 |
MBIA
MBI
|
+$6.55M |
| 4 |
SEG
Seaport Entertainment Group
SEG
|
+$6.41M |
| 5 |
Comcast
CMCSA
|
+$4.31K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$23.4M |
| 2 |
BP
BP
|
+$16.3M |
| 3 |
Seaboard Corp
SEB
|
+$7.09M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$4.21M |
| 5 |
Citigroup
C
|
+$4.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 30.27% |
| 2 | Financials | 29.42% |
| 3 | Communication Services | 20.01% |
| 4 | Energy | 9.1% |
| 5 | Consumer Staples | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Citigroup
C
$221B
| $95.4M | 16.91% |
840,897
-35,381
| -4% | -$4.03M |
|
|
BAY
2
DELISTED
BAYER AG SPONS ADR
BAY
| $74.8M | 13.26% |
6,513,893
-240,398
| -4% | -$2.76M |
|
|
FLG
3
Flagstar Bank National Association
FLG
$5.59B
| $53.8M | 9.53% |
4,083,618
-93,594
| -2% | -$1.23M |
|
4
Walt Disney
DIS
$186B
| $36.5M | 6.47% |
378,909
-15,460
| -4% | -$1.63M |
|
|
5
Alphabet (Google) Class C
GOOG
$4.18T
| $35M | 6.21% |
122,029
-13,387
| -10% | -$4.21M |
|
|
6
Seaboard Corp
SEB
$4.08B
| $33.2M | 5.88% |
5,871
-1,414
| -19% | -$7.09M |
|
|
7
Organon & Co
OGN
$3.61B
| $33.2M | 5.88% |
5,536,993
+1,907,542
| +53% | +$14.4M |
|
|
8
BP
BP
$115B
| $29.2M | 5.18% |
622,256
-416,146
| -40% | -$16.3M |
|
|
9
Merck
MRK
$376B
| $27.3M | 4.85% |
227,288
-202,815
| -47% | -$23.4M |
|
|
10
Zillow
Z
$8.07B
| $22.6M | 4% |
+545,212
| New | +$29M |
|
|
SEG
11
Seaport Entertainment Group
SEG
$344M
| $19.2M | 3.4% |
893,227
+307,057
| +52% | +$6.41M |
|
12
Patterson-UTI
PTEN
$4.71B
| $18.3M | 3.25% |
1,690,156
-51,857
| -3% | -$444K |
|
13
IDT Corp
IDT
$1.69B
| $18.3M | 3.24% |
372,566
-19,445
| -5% | -$962K |
|
14
Pfizer
PFE
$160B
| $13.6M | 2.41% |
484,733
-69,217
| -12% | -$1.84M |
|
|
15
MBIA
MBI
$250M
| $12.2M | 2.15% |
2,056,434
+1,027,650
| +100% | +$6.55M |
|
16
Bristol-Myers Squibb
BMY
$137B
| $10.3M | 1.83% |
170,381
-31,815
| -16% | -$1.85M |
|
17
GSK
GSK
$105B
| $8.88M | 1.58% |
160,982
-17,714
| -10% | -$960K |
|
18
ExxonMobil
XOM
$679B
| $3.1M | 0.55% |
18,255
-1,962
| -10% | -$286K |
|
19
Genie Energy
GNE
$395M
| $2.47M | 0.44% |
175,011
-15,301
| -8% | -$217K |
|
20
Novartis
NVS
$302B
| $2.04M | 0.36% |
13,386
-292
| -2% | -$44.8K |
|
|
FFH
21
DELISTED
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
| $1.73M | 0.31% |
1,018
| – | – |
|
22
CSX Corp
CSX
$95.6B
| $1.5M | 0.27% |
36,481
-1,050
| -3% | -$41.2K |
|
23
JPMorgan Chase
JPM
$935B
| $829K | 0.15% |
2,818
-650
| -19% | -$197K |
|
24
Apple
AAPL
$4.51T
| $785K | 0.14% |
3,092
| – | – |
|
25
Microsoft
MSFT
$3.59T
| $774K | 0.14% |
2,092
-300
| -13% | -$126K |
|
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Kahn Brothers's Q1 2026 Portfolio in Review
As of Q1 2026, Kahn Brothers held 55 positions worth $564M, down 0.11% from $565M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Kahn Brothers's Q1 2026 filing shows 1 new, 4 increased, 31 reduced and 7 closed positions. Its largest new stake was Zillow: 545,212 shares worth $22.6M. The largest sale was Merck, an estimated $23.4M.
By sector, the portfolio is most concentrated in Healthcare at 30% of assets, down from 32% a quarter earlier, followed by Financials and Communication Services.
- Kahn Brothers's largest Q1 2026 buy was Zillow: 545,212 shares worth $22.6M.
- Kahn Brothers added most to Organon & Co in Q1 2026, an estimated $14.4M increase.
- Kahn Brothers's biggest Q1 2026 reduction was Merck, cutting an estimated $23.4M.
- Kahn Brothers fully exited Webster Financial in Q1 2026, selling an estimated $1.88M.
- Kahn Brothers's ten largest holdings make up 78% of its $564M portfolio in Q1 2026.
- Kahn Brothers opened 1 new position and closed 7 in Q1 2026.
- Kahn Brothers's portfolio value fell 0.11% quarter-over-quarter to $564M.
Based on Kahn Brothers Group's 13F filing for Q1 2026, filed 8 May 2026.