Funds › Kahn Brothers › Q1 2014Kahn Brothers 13F holdings, Q1 2014 Kahn Brothers disclosed 42 US equity positions worth $700.5m in its Q1 2014 13F filing. Its largest position is NYT at 11.7% of the reported book, followed by PFE and MERCK. Versus Q4 2013 it opened 0 new positions, added to 24, reduced 9 and exited 0.
$701m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
42 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.7% Largest position The largest single position as a share of the reported equity book.
75.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
15 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 Against Q4 2013: 0 new , 24 added , 9 reduced , 0 exited
42 rows
Stock Sector Weight Value Shares Δ shares Action NYT NEW YORK TIMES CO Communication Services 11.7% $81.6m 4.77m +12% added PFE PFIZER INC Healthcare 9.7% $67.9m 2.11m +11% added MERCK no ticker – 9.1% $64.1m 1.13m −55% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 8.7% $60.7m 3.78m +16% added CITIGROUP no ticker – 8.4% $58.7m 1.23m +15% added ORI OLD REP INTL CORP Financial Services 6.4% $44.8m 2.73m +11% added PTEN PATTERSON-UTI ENERGY INC Energy 6.0% $41.8m 1.32m −6.4% reduced BP PLC no ticker – 5.9% $41.4m 859,855 +65% added MBI MBIA INC Financial Services 5.1% $35.6m 2.54m +19% added HO1 HOLOGIC INC – 4.8% $33.5m 1.56m +15% added SEB SEABOARD CORP DEL Industrials 4.3% $30.2m 11,513 +28% added VOXXGUSD VOXX INTL CORP – 4.1% $28.5m 2.08m +24% added SLM CORP no ticker – 3.2% $22.7m 929,235 −5.1% reduced NAM TAI ELECTRS INC no ticker – 3.2% $22.2m 3.78m +37% added STL STERLING BANCORP DEL – 2.4% $16.9m 1.34m +18% added IDT CORP CL B no ticker – 1.6% $11.2m 669,691 +38% added TPHS TRINITY PL HLDGS INC Real Estate 1.1% $7.5m 1.20m +18% added GENIE ELECTRIC no ticker – 0.9% $6.6m 660,108 +39% added BB BLACKBERRY LTD Technology 0.5% $3.6m 450,000 +125% added NVS NOVARTIS AG Healthcare 0.3% $2.4m 28,068 +2.6% added STRAIGHT PATH COMMUNICATNS I no ticker – 0.3% $2.2m 336,274 +38% added EXMOC EXXON MOBIL CORP – 0.3% $1.8m 18,212 +1.6% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 0.2% $1.5m 29,650 +7.2% added LANDMARK SAVINGS BANK no ticker – 0.2% $1.4m 72,364 +105% added FIRST NIAGARA FINL GP INC no ticker – 0.2% $1.4m 146,189 −2.1% reduced PHI INC NON-VOTING no ticker – 0.2% $1.3m 28,280 +335% added CMCSA COMCAST CORP NEW Communication Services 0.2% $1.2m 24,494 +0.6% added MONSANTO no ticker – 0.1% $1.0m 8,898 0.0% held BANK OF AMERICA no ticker – 0.1% $981k 57,021 0.0% held CVX CHEVRON CORPORATION Energy 0.1% $807k 6,788 −4.2% reduced CTM MEDIA CL A no ticker – 0.1% $799k 10,415 +36% added IBM INTERNATIONAL BUSINESS MACHS Technology 0.09% $632k 3,283 0.0% held U S G CORP no ticker – 0.09% $622k 19,000 −5.0% reduced AMERICAN TEL & TEL no ticker – 0.09% $604k 16,358 +0.4% held ASTEC INDUS no ticker – 0.08% $527k 12,000 −40% reduced NEU NEWMARKET CORP Basic Materials 0.06% $391k 1,000 0.0% held GE GENERAL ELECTRIC CO Industrials 0.06% $388k 15,000 0.0% held QUESTAR CORP no ticker – 0.05% $379k 15,950 0.0% held KEY KEYCORP Financial Services 0.04% $264k 18,569 −16% reduced ASTORIA FINANCIAL no ticker – 0.03% $244k 17,685 0.0% held FL8 FLUSHING FINL CORP – 0.03% $213k 10,119 −9.0% reduced VOLVO no ticker – 0.02% $159k 10,000 0.0% held
Sector mix Unclassified 54.2% Communication Services 11.8% Financial Services 11.5% Healthcare 10.2% Energy 6.1% Industrials 4.4% Real Estate 1.1% Technology 0.6% Basic Materials 0.06% 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