Funds › Kahn Brothers › Q2 2013Kahn Brothers 13F holdings, Q2 2013 Kahn Brothers disclosed 47 US equity positions worth $648.0m in its Q2 2013 13F filing. Its largest position is PFE at 11.0% of the reported book, followed by CITIGROUP and NYT.
$648m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
47 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.0% Largest position The largest single position as a share of the reported equity book.
77.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
14 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
53 Quarters on file since Q2 2013 Quarters for which this manager's 13F holdings are on record. Holdings 47 rows
Stock Sector Weight Value Shares Δ shares Action PFE PFIZER INC Healthcare 11.0% $71.2m 2.54m – CITIGROUP no ticker – 10.1% $65.2m 1.36m – NYT NEW YORK TIMES CO Communication Services 9.2% $59.6m 5.39m – MERCK no ticker – 8.7% $56.5m 1.22m – NYCBEUR NEW YORK CMNTY BANCORP INC – 8.7% $56.1m 4.01m – ORI OLD REP INTL CORP Financial Services 6.8% $43.9m 3.41m – MBI MBIA INC Financial Services 6.1% $39.5m 2.97m – SEB SEABOARD CORP DEL Industrials 6.1% $39.2m 14,004 – PTEN PATTERSON-UTI ENERGY INC Energy 5.8% $37.5m 1.94m – SLM CORP no ticker – 5.3% $34.2m 1.52m – HO1 HOLOGIC INC – 4.6% $29.8m 1.54m – VOXXGUSD VOXX INTL CORP – 4.4% $28.7m 2.34m – NAM TAI ELECTRS INC no ticker – 3.2% $20.9m 3.74m – IDT CORP CL B no ticker – 1.9% $12.5m 669,203 – PROVIDENT BANCORP no ticker – 1.6% $10.6m 1.14m – GENIE ELECTRIC no ticker – 0.9% $6.1m 663,821 – ASTEC INDUS no ticker – 0.7% $4.3m 126,000 – RSTK TRINITY PLACE HLDGS no ticker – 0.6% $3.7m 750,615 – BP PLC no ticker – 0.5% $3.2m 76,500 – U S G CORP no ticker – 0.4% $2.8m 120,000 – BMY BRISTOL-MYERS SQUIBB CO Healthcare 0.4% $2.5m 55,433 – TPHS TRINITY PL HLDGS INC Real Estate 0.3% $2.2m 442,842 – NVS NOVARTIS AG Healthcare 0.3% $2.1m 30,368 – LANDMARK SAVINGS BANK no ticker – 0.3% $1.9m 87,513 – FIRST NIAGARA FINL GP INC no ticker – 0.3% $1.7m 168,632 – EXMOC EXXON MOBIL CORP – 0.3% $1.6m 17,934 – FL8 FLUSHING FINL CORP – 0.2% $1.1m 68,479 – CMCSA COMCAST CORP NEW Communication Services 0.2% $1.1m 25,284 – PHI INC NON-VOTING no ticker – 0.2% $1.0m 29,780 – CVX CHEVRON CORPORATION Energy 0.1% $943k 7,968 – DCOMUSD DIME CMNTY BANCSHARES INC – 0.1% $899k 58,677 – MONSANTO no ticker – 0.1% $789k 8,898 – BANK OF AMERICA no ticker – 0.1% $733k 57,021 – IBM INTERNATIONAL BUSINESS MACHS Technology 0.10% $627k 3,283 – AMERICAN TEL & TEL no ticker – 0.09% $583k 16,479 – CTM MEDIA CL A no ticker – 0.07% $455k 10,378 – QUESTAR CORP no ticker – 0.06% $380k 15,950 – GE GENERAL ELECTRIC CO Industrials 0.05% $348k 15,000 – TCF FINL CORP no ticker – 0.05% $345k 24,364 – NEU NEWMARKET CORP Basic Materials 0.05% $303k 1,155 – KEY KEYCORP Financial Services 0.04% $287k 26,036 – ASTORIA FINANCIAL no ticker – 0.03% $191k 17,685 – TRV TRAVELERS COMPANIES INC Financial Services 0.02% $160k 2,000 – VOLVO no ticker – 0.02% $133k 10,000 – CFS BANCORP INC no ticker – 0.01% $90.3k 90,276 – AMBAC FINANCIAL no ticker – 0.0% $3.8k 100,000 – FIRST PLACE FINANCIAL no ticker – 0.0% $64 13,426 –
Sector mix Unclassified 53.5% Financial Services 12.9% Healthcare 11.7% Communication Services 9.4% Industrials 6.1% Energy 5.9% Real Estate 0.3% Technology 0.10% Basic Materials 0.05% Book over time Every quarter on file (53) Where Kahn Brothers was early Concentration and tenure
11.0% Median largest position, all quarters The largest single position as a share of the reported equity book.
78.0% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
9 Median completed holding, quarters