Funds › Kahn Brothers › Q2 2016Kahn Brothers 13F holdings, Q2 2016 Kahn Brothers disclosed 37 US equity positions worth $516.6m in its Q2 2016 13F filing. Its largest position is MERCK at 10.8% of the reported book, followed by CITIGROUP and NYT. Versus Q1 2016 it opened 1 new position, added to 2, reduced 25 and exited 1.
$517m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
37 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.8% Largest position The largest single position as a share of the reported equity book.
76.8% 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 Q1 2016: 1 new , 2 added , 25 reduced , 1 exited
37 rows
Stock Sector Weight Value Shares Δ shares Action MERCK no ticker – 10.8% $55.6m 964,925 −2.1% reduced CITIGROUP no ticker – 9.0% $46.4m 1.09m −3.9% reduced NYT NEW YORK TIMES CO Communication Services 8.8% $45.5m 3.76m −3.3% reduced BP PLC no ticker – 8.6% $44.5m 1.25m 0.0% held HO1 HOLOGIC INC – 8.5% $44.1m 1.28m −3.7% reduced PFE PFIZER INC Healthcare 7.9% $40.7m 1.16m −20% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 7.4% $38.3m 2.55m −6.0% reduced MBI MBIA INC Financial Services 5.8% $29.7m 4.36m −0.8% reduced BB BLACKBERRY LTD Technology 5.2% $26.9m 4.02m +0.5% added SEB SEABOARD CORP DEL Industrials 4.8% $25.0m 8,709 −7.9% reduced PTEN PATTERSON-UTI ENERGY INC Energy 4.3% $22.4m 1.05m −1.5% reduced NAM TAI PPTY INC no ticker – 3.4% $17.7m 3.29m −9.5% reduced GLAXOSMITHKLINE no ticker – 3.2% $16.5m 380,335 +188% added STL STERLING BANCORP DEL – 3.1% $15.9m 1.02m 0.0% held TPHS TRINITY PL HLDGS INC Real Estate 1.6% $8.2m 1.06m −0.3% held IDT CORP CL B no ticker – 1.3% $6.7m 472,748 −5.3% reduced STRAIGHT PATH COMMUNICATNS I no ticker – 1.2% $6.3m 228,438 −6.1% reduced VOXXGUSD VOXX INTL CORP – 0.9% $4.9m 1.74m −5.9% reduced IDW MEDIA no ticker – 0.5% $2.8m 79,530 −4.7% reduced GENIE ENERGY no ticker – 0.5% $2.8m 408,200 −6.1% reduced NVS NOVARTIS AG Healthcare 0.4% $2.3m 27,643 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.4% $2.2m 185,091 −1.3% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 0.4% $2.1m 28,583 0.0% held EXMOC EXXON MOBIL CORP – 0.3% $1.6m 17,434 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.2% $1.3m 19,210 −6.7% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.2% $1.1m 7,358 0.0% held ORI OLD REP INTL CORP Financial Services 0.2% $945k 49,000 −78% reduced MONSANTO no ticker – 0.1% $736k 7,114 −8.1% reduced ZDGE ZEDGE INC – 0.1% $696k 157,485 – new CVX CHEVRON CORPORATION Energy 0.09% $477k 4,548 −7.0% reduced GE GENERAL ELECTRIC CO Industrials 0.09% $472k 15,000 0.0% held AMERICAN TEL & TEL no ticker – 0.08% $436k 10,101 −9.2% reduced BANK OF AMERICA no ticker – 0.08% $405k 30,500 −22% reduced SLM CORP no ticker – 0.06% $325k 52,650 0.0% held LANDMARK SAVINGS BANK no ticker – 0.04% $210k 8,307 −45% reduced ASTORIA FINANCIAL no ticker – 0.03% $171k 11,185 −37% reduced FIRST NIAGARA FINL GP INC no ticker – 0.03% $154k 15,853 −71% reduced
Exited since Q1 2016 1 row
Stock Prior weight Prior value KEY KEYCORP 0.02% $119k
Sector mix Unclassified 59.5% Communication Services 9.0% Healthcare 8.7% Financial Services 6.4% Technology 5.4% Industrials 4.9% Energy 4.4% Real Estate 1.6% 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