Kahn Brothers: 13F holdings, Q2 2026
Concentrated value · SEC EDGAR filings (CIK 0001039565) · Explore on the interactive board
Kahn Brothers disclosed 48 US equity positions worth $632.7m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 17, 2026). Its largest position is C at 18.5% of the reported book, followed by Bayer AG Spons ADR, Flagstar Financial, Inc.. The top ten holdings are 78.7% of the book, and the portfolio behaves like about 11 equal-weight positions. Versus the prior filing it opened 1 new position, added to 9, reduced 15 and exited 1.
What does Kahn Brothers own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 1 new, 9 added, 15 reduced, 1 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | C Citigroup Inc | Financial Services | 18.5% | $117.1m | 836,337 | -1% | reduced |
| 2 | Bayer AG Spons ADR | 14.1% | $89.3m | 6,518,603 | 0% | held | |
| 3 | Flagstar Financial, Inc. | 9.6% | $60.9m | 4,074,720 | -0% | held | |
| 4 | GOOG Alphabet Inc Class C | Communication Services | 6.8% | $42.7m | 120,906 | -1% | reduced |
| 5 | Z Zillow Group Inc | Communication Services | 5.9% | $37.3m | 1,182,261 | 117% | added |
| 6 | OGN Organon & Co | Healthcare | 5.7% | $36.2m | 2,670,523 | -52% | reduced |
| 7 | DIS Walt Disney | Communication Services | 5.5% | $34.6m | 359,092 | -5% | reduced |
| 8 | MRK Merck & Co. Inc. | Healthcare | 4.4% | $28.0m | 218,182 | -4% | reduced |
| 9 | MBI M B I A Inc | Financial Services | 4.3% | $27.5m | 4,213,920 | 105% | added |
| 10 | Seaport Entmt Group | 3.9% | $24.4m | 917,005 | 3% | added | |
| 11 | SEB Seaboard Corp | Industrials | 3.8% | $24.1m | 5,389 | -8% | reduced |
| 12 | BP BP PLC | Energy | 3.7% | $23.1m | 624,999 | 0% | held |
| 13 | IDT IDT Corp Class B | Communication Services | 3.2% | $20.5m | 351,660 | -6% | reduced |
| 14 | PTEN Patterson Uti Energy | Energy | 2.4% | $15.3m | 1,663,758 | -2% | reduced |
| 15 | PFE Pfizer | Healthcare | 1.8% | $11.2m | 464,001 | -4% | reduced |
| 16 | BMY Bristol-Myers Squibb | Healthcare | 1.6% | $10.0m | 174,152 | 2% | added |
| 17 | GSK GSK PLC ADR | Healthcare | 1.3% | $8.3m | 158,438 | -2% | reduced |
| 18 | EXMOC ExxonMobil | 0.4% | $2.4m | 17,655 | -3% | reduced | |
| 19 | GNE Genie Energy LTD Class B | Utilities | 0.3% | $2.2m | 151,941 | -13% | reduced |
| 20 | NVS Novartis AG | Healthcare | 0.3% | $2.1m | 13,186 | -1% | reduced |
| 21 | Fairfax Finl HLDGS LTD Sub VTG | 0.3% | $1.7m | 1,018 | 0% | held | |
| 22 | CSX CSX Corp Com | Industrials | 0.3% | $1.7m | 34,781 | -5% | reduced |
| 23 | First Natl BK Alaska | 0.2% | $1.6m | 4,920 | 0% | held | |
| 24 | Tourmaline Oil Corp Com | 0.2% | $1.1m | 26,959 | 0% | held | |
| 25 | JPM JPMorgan Chase | Financial Services | 0.1% | $942.1k | 2,878 | 2% | added |
| 26 | AAPL Apple Inc Com | Technology | 0.1% | $894.7k | 3,092 | 0% | held |
| 27 | MSFT Microsoft | Technology | 0.1% | $808.7k | 2,168 | 4% | added |
| 28 | SEIC Sei Invt Co Pa PV $0.01 | Financial Services | 0.1% | $578.5k | 6,596 | 0% | held |
| 29 | HLN Haleon PLC | Healthcare | 0.1% | $544.3k | 58,341 | 3% | added |
| 30 | BAC Bank Of America Corp | Financial Services | 0.1% | $539.0k | 9,459 | 0% | held |
| 31 | Peyto Expl & Dev Corp | 0.1% | $522.1k | 31,307 | 0% | held | |
| 32 | RFL Rafael Holdings Inc Class B | Real Estate | 0.1% | $493.6k | 150,493 | 157% | added |
| 33 | Windrock LTD Co | 0.1% | $443.8k | 807 | 50% | added | |
| 34 | IBM Intl Business Machines | Technology | 0.1% | $345.3k | 1,228 | 0% | held |
| 35 | Deutsche Bank AG | 0.1% | $337.6k | 10,000 | 0% | held | |
| 36 | WED Webster Finl Co | 0.1% | $332.4k | 4,349 | – | new | |
| 37 | PNC PNC Finl SVCS Group Inc Com | Financial Services | 0.1% | $330.4k | 1,342 | 0% | held |
| 38 | CVX Chevron Corp. | Energy | 0.1% | $323.7k | 1,953 | 0% | held |
| 39 | Orange CNTY Bancorp | 0.0% | $294.2k | 8,000 | 0% | held | |
| 40 | PEG Public SVC Enterprise Group | Utilities | 0.0% | $286.0k | 3,524 | 0% | held |
| 41 | BX Blackstone Inc Com | Financial Services | 0.0% | $270.6k | 2,300 | 0% | held |
| 42 | AM Antero Midstream Corp | Energy | 0.0% | $268.6k | 11,806 | 0% | held |
| 43 | PG Procter & Gamble | Consumer Defensive | 0.0% | $256.9k | 1,752 | -5% | reduced |
| 44 | PEP Pepsico Inc Com | Consumer Defensive | 0.0% | $243.7k | 1,800 | 0% | held |
| 45 | ZDGE Zedge Inc | 0.0% | $242.2k | 78,126 | 0% | held | |
| 46 | VZ Verizon | Communication Services | 0.0% | $240.6k | 5,682 | 0% | held |
| 47 | Pine Cliff Energy LTD Com | 0.0% | $208.9k | 520,000 | 0% | held |
What did Kahn Brothers sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| CMCSA Comcast Corp New CL A | 100.0% | $205.8k |
Sector mix
| Sector | Weight |
|---|---|
| Financial Services | 23.3% |
| Communication Services | 21.4% |
| Healthcare | 15.2% |
| Energy | 6.2% |
| Industrials | 4.1% |
| Utilities | 0.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 48 | $632.7m |
| Q1 2026 | 48 | $564.1m |
| Q4 2025 | 54 | $564.7m |
| Q3 2025 | 53 | $531.8m |
| Q2 2025 | 51 | $504.2m |
| Q1 2025 | 55 | $494.5m |
| Q4 2024 | 52 | $460.4m |
| Q3 2024 | 53 | $580.6m |
| Q2 2024 | 52 | $595.0m |
| Q1 2024 | 53 | $674.4m |
| Q4 2023 | 43 | $634.8m |
| Q3 2023 | 43 | $640.9m |
| Q2 2023 | 43 | $682.1m |
| Q1 2023 | 45 | $694.7m |
| Q4 2022 | 45 | $759.6m |
| Q3 2022 | 45 | $641.7m |
Earliest filing: Q2 2013 · 53 quarters on file
How concentrated is Kahn Brothers's portfolio?
Across every quarter Kahn Brothers has filed, its median largest position is 11.0% of the book and its median top-ten weight is 78.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 89 completed holding spells, the median lasted 9.0 quarters; 47 positions are still open and their final length is unknown.