WhaleCreep

Kahn Brothers 13F holdings, Q4 2018

Long-only investorSEC filingsCompare with another fundHoldings as of 2018-12-31, filed 2019-01-29

Kahn Brothers disclosed 31 US equity positions worth $554.7m in its Q4 2018 13F filing. Its largest position is MERCK at 11.0% of the reported book, followed by BP and CITIGROUP. Versus Q3 2018 it opened 0 new positions, added to 5, reduced 13 and exited 0.

$555m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
31
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.
77.2%
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

Against Q3 2018: 0 new, 5 added, 13 reduced, 0 exited

31 rows
MERCK no ticker–11.0%$61.1m878,762−0.9%reduced
BP BP PLCEnergy9.6%$53.1m1.40m−0.3%held
CITIGROUP no ticker–8.9%$49.3m947,093+1.9%added
AGO ASSURED GUARANTY LTDFinancial Services8.7%$48.3m1.26m−0.7%reduced
GSK PLC no ticker–8.7%$48.2m1.26m+1.6%added
NYCBEUR NEW YORK CMNTY BANCORP INC–7.3%$40.7m4.33m+9.5%added
MBI MBIA INCFinancial Services7.3%$40.4m4.53m−0.4%held
BB BLACKBERRY LTDTechnology5.9%$32.6m4.59m+0.3%held
NYT NEW YORK TIMES COCommunication Services4.9%$27.4m1.23m−15%reduced
SEB SEABOARD CORP DELIndustrials4.9%$27.2m7,689−1.1%reduced
PFE PFIZER INCHealthcare4.2%$23.3m534,409−0.5%reduced
HO1 HOLOGIC INC–4.1%$22.6m550,148−4.8%reduced
PTEN PATTERSON-UTI ENERGY INCEnergy3.0%$16.6m1.61m+17%added
NAM TAI PPTY INC no ticker–3.0%$16.5m1.90m−14%reduced
VOXXGUSD VOXX INTL CORP–2.6%$14.3m3.62m−4.5%reduced
STL STERLING BANCORP DEL–1.8%$9.9m599,291−12%reduced
TPHS TRINITY PL HLDGS INCReal Estate0.7%$4.1m951,732−1.3%reduced
IDT CORP CL B no ticker–0.7%$3.9m635,253−0.2%held
IDW MEDIA no ticker–0.5%$2.6m74,552−0.3%held
RFL RAFAEL HLDGS INCReal Estate0.5%$2.5m317,584−0.2%held
GENIE ENERGY no ticker–0.4%$2.4m393,645−0.6%reduced
NVS NOVARTIS AGHealthcare0.4%$2.0m22,744−2.0%reduced
EXMOC EXXON MOBIL CORP–0.2%$1.4m19,822+19%added
BMY BRISTOL-MYERS SQUIBB COHealthcare0.2%$1.0m19,9500.0%held
ORI OLD REP INTL CORPFinancial Services0.2%$1.0m48,9000.0%held
BAC BANK OF AMER CORPFinancial Services0.1%$576k23,385−3.1%reduced
CVX CHEVRON CORPORATIONEnergy0.08%$451k4,1480.0%held
AMERICAN TEL & TEL no ticker–0.07%$361k12,637−0.2%held
NAVI NAVIENT CORPORATIONFinancial Services0.06%$337k38,2060.0%held
ZDGE ZEDGE INC–0.06%$334k136,437−0.3%held
CMCSA COMCAST CORP NEWCommunication Services0.01%$58.6k1,7200.0%held

Sector mix

  • Unclassified49.3%
  • Financial Services16.3%
  • Energy12.6%
  • Technology5.9%
  • Communication Services5.0%
  • Industrials4.9%
  • Healthcare4.7%
  • Real Estate1.2%

Book over time

Every quarter on file (53)
QuarterPositionsEquity book
Q2 202647$633m
Q1 202647$564m
Q4 202553$565m
Q3 202553$532m
Q2 202550$498m
Q1 202554$494m
Q4 202451$460m
Q3 202452$581m
Q2 202451$595m
Q1 202452$674m
Q4 202342$635m
Q3 202343$641m
Q2 202343$682m
Q1 202345$695m
Q4 202245$760m
Q3 202245$642m
Q2 202245$743m
Q1 202246$788m
Q4 202143$728m
Q3 202143$710m
Q2 202143$698m
Q1 202142$646m
Q4 202042$573m
Q3 202042$528m
Q2 202047$592m
Q1 202048$547m
Q4 201947$825m
Q3 201948$798m
Q2 201944$800m
Q1 201932$640m
Q4 201831$555m
Q3 201831$651m
Q2 201831$628m
Q1 201831$628m
Q4 201731$637m
Q3 201734$655m
Q2 201734$656m
Q1 201735$581m
Q4 201635$592m
Q3 201635$552m
Q2 201637$517m
Q1 201637$534m
Q4 201538$560m
Q3 201538$540m
Q2 201540$593m
Q1 201542$592m
Q4 201444$580m
Q3 201444$615m
Q2 201443$687m
Q1 201442$701m
Q4 201342$581m
Q3 201344$687m
Q2 201347$648m

Where Kahn Brothers was early

8 rows
BB BLACKBERRYQ3 20135 of 1100.5%8.2%42Exited by Q1 2024−55%
STL STERLING BANCORPQ4 20132 of 792.6%4.0%33Exited by Q1 2022+29%
NAVI Navient CorpQ2 20142 of 1162.4%3.2%47Exited by Q1 2026−27%
BP BP PLCQ4 20167 of 1268.3%10.7%39Held at last filing, Q2 2026−1.1%
AGO Assured Guaranty LTD FQ1 20179 of 1002.5%12.6%36Exited by Q1 2026+142%
RFL Rafael Holdings Inc Class BQ1 20183 of 370.2%2.3%34Held at last filing, Q2 2026−31%
OGN Organon & CoQ2 202111 of 1470.3%7.5%21Held at last filing, Q2 2026−55%
HLN Haleon PLCQ3 20222 of 741.4%1.6%16Held at last filing, Q2 2026+53%

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