Funds › Kahn Brothers › Q2 2017Kahn Brothers 13F holdings, Q2 2017 Kahn Brothers disclosed 34 US equity positions worth $655.8m in its Q2 2017 13F filing. Its largest position is CITIGROUP at 10.5% of the reported book, followed by NYT and MERCK. Versus Q1 2017 it opened 0 new positions, added to 6, reduced 20 and exited 1.
$656m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
34 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.5% Largest position The largest single position as a share of the reported equity book.
72.0% Top 10 weight The ten largest positions together, as a share of the reported equity book.
16 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 2017: 0 new , 6 added , 20 reduced , 1 exited
34 rows
Stock Sector Weight Value Shares Δ shares Action CITIGROUP no ticker – 10.5% $68.7m 1.03m −5.2% reduced NYT NEW YORK TIMES CO Communication Services 9.3% $60.8m 3.44m −7.1% reduced MERCK no ticker – 9.1% $59.8m 932,840 −0.8% reduced BP BP PLC Energy 7.4% $48.5m 1.40m +1.7% added GSK PLC no ticker – 6.9% $45.5m 1.06m +0.4% held BB BLACKBERRY LTD Technology 6.9% $45.2m 4.52m −0.1% held MBI MBIA INC Financial Services 6.4% $42.3m 4.48m +1.3% added HO1 HOLOGIC INC – 5.5% $36.3m 799,465 −13% reduced SEB SEABOARD CORP DEL Industrials 5.0% $33.1m 8,277 −0.7% reduced AGO ASSURED GUARANTY LTD Financial Services 4.9% $32.4m 776,705 +102% added STRAIGHT PATH COMMUNICATNS I no ticker – 4.7% $31.1m 173,186 −19% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 3.9% $25.8m 1.96m −3.3% reduced STL STERLING BANCORP DEL – 3.3% $21.4m 918,779 −0.2% held PFE PFIZER INC Healthcare 3.0% $19.4m 577,616 −13% reduced VOXXGUSD VOXX INTL CORP – 2.9% $18.9m 2.31m +31% added PTEN PATTERSON-UTI ENERGY INC Energy 2.8% $18.6m 922,906 −1.1% reduced NAM TAI PPTY INC no ticker – 2.4% $15.8m 1.98m +3.3% added IDT CORP CL B no ticker – 1.2% $7.7m 536,039 +32% added TPHS TRINITY PL HLDGS INC Real Estate 1.1% $7.5m 1.05m −1.2% reduced IDW MEDIA no ticker – 0.6% $3.8m 77,840 −0.7% reduced GENIE ENERGY no ticker – 0.5% $3.1m 401,716 −0.6% reduced NVS NOVARTIS AG Healthcare 0.3% $2.2m 26,211 −6.1% reduced EXMOC EXXON MOBIL CORP – 0.2% $1.4m 17,234 −0.6% reduced NAVI NAVIENT CORPORATION Financial Services 0.2% $1.2m 72,738 −46% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 0.2% $1.1m 19,583 −31% reduced ORI OLD REP INTL CORP Financial Services 0.1% $937k 48,000 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.1% $813k 20,896 −23% reduced BAC BANK OF AMER CORP Financial Services 0.1% $670k 27,624 0.0% held IBM INTERNATIONAL BUSINESS MACHS Technology 0.08% $511k 3,323 −43% reduced CVX CHEVRON CORPORATION Energy 0.06% $422k 4,048 −6.9% reduced ZDGE ZEDGE INC – 0.05% $344k 155,236 −0.5% held MONSANTO no ticker – 0.04% $282k 2,386 −25% reduced ASTORIA FINL CORP no ticker – 0.03% $225k 11,185 0.0% held AMERICAN TEL & TEL no ticker – 0.03% $187k 4,944 0.0% held
Exited since Q1 2017 1 row
Stock Prior weight Prior value GE GENERAL ELECTRIC CO 0.08% $447k
Sector mix Unclassified 51.9% Financial Services 11.8% Energy 10.3% Communication Services 9.4% Technology 7.0% Industrials 5.0% Healthcare 3.5% Real Estate 1.1% 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