WhaleCreep

Kahn Brothers 13F holdings, Q2 2019

Long-only investorSEC filingsCompare with another fundHoldings as of 2019-06-30, filed 2019-08-05

Kahn Brothers disclosed 44 US equity positions worth $799.9m in its Q2 2019 13F filing. Its largest position is MERCK at 11.2% of the reported book, followed by CITIGROUP and BP. Versus Q1 2019 it opened 13 new positions, added to 27, reduced 2 and exited 1.

$800m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.2%
Largest position
The largest single position as a share of the reported equity book.
77.0%
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 2019: 13 new, 27 added, 2 reduced, 1 exited

44 rows
MERCK no ticker–11.2%$89.5m10.67m+1184%added
CITIGROUP no ticker–9.7%$77.3m1.10m+20%added
BP BP PLCEnergy8.7%$69.8m1.67m+22%added
AGO ASSURED GUARANTY LTDFinancial Services8.2%$65.9m1.57m+26%added
GSK PLC no ticker–8.0%$64.2m1.61m+26%added
SEB SEABOARD CORP DELIndustrials6.9%$54.8m13,250+81%added
NYCBEUR NEW YORK CMNTY BANCORP INC–6.8%$54.6m5.47m+28%added
MBI MBIA INCFinancial Services6.5%$52.3m5.61m+27%added
BMY BRISTOL-MYERS SQUIBB COHealthcare5.8%$46.2m1.02m+102%added
BB BLACKBERRY LTDTechnology5.2%$41.5m5.56m+22%added
PFE PFIZER INCHealthcare4.4%$34.9m806,016+51%added
PTEN PATTERSON-UTI ENERGY INCEnergy2.8%$22.7m1.97m+15%added
NAM TAI PPTY INC no ticker–2.7%$21.8m2.23m+19%added
VOXXGUSD VOXX INTL CORP–2.1%$16.5m3.97m+12%added
HO1 HOLOGIC INC–2.0%$16.3m339,702−0.2%held
NYT NEW YORK TIMES COCommunication Services1.9%$15.4m472,272−30%reduced
RFL RAFAEL HLDGS INCReal Estate1.6%$12.4m431,921+38%added
STL STERLING BANCORP DEL–1.4%$11.1m522,594+15%added
IDT CORP CL B no ticker–0.8%$6.6m871,349+38%added
TPHS TRINITY PL HLDGS INCReal Estate0.8%$6.4m1.61m+69%added
GENIE ENERGY no ticker–0.6%$4.9m459,232+17%added
NVS NOVARTIS AGHealthcare0.3%$2.4m25,773+13%added
IDW MEDIA no ticker–0.2%$1.8m96,949+33%added
FIRST NATL BK OF ALASKA no ticker–0.2%$1.6m6,810–new
EXMOC EXXON MOBIL CORP–0.2%$1.5m18,974−3.1%reduced
VRAYQ VIEWRAY INCHealthcare0.1%$991k112,500–new
GBCI GLACIER BANCORP INC NEWFinancial Services0.09%$749k18,460–new
BRK/B BERKSHIRE HATHAWAY INC DEL–0.09%$682k3,200–new
CVX CHEVRON CORPORATIONEnergy0.07%$569k4,576+10%added
AMERICAN TEL & TEL no ticker–0.06%$505k15,070+20%added
VZ VERIZON COMMUNICATIONS INCCommunication Services0.06%$478k8,362–new
SB ONE BANCORP no ticker–0.06%$452k20,245–new
HOPE HOPE BANCORP INCFinancial Services0.05%$440k31,920–new
OBT ORANGE CNTY BANCORP INC–0.05%$435k16,400–new
BAC BANK OF AMER CORPFinancial Services0.05%$413k14,216+18%added
NAVI NAVIENT CORPORATIONFinancial Services0.04%$347k25,4560.0%held
COAL CREEK MINING no ticker–0.04%$329k983–new
ALC ALCON INCHealthcare0.04%$319k5,151–new
ZDGE ZEDGE INC–0.03%$278k168,331+27%added
CMCSA COMCAST CORP NEWCommunication Services0.03%$254k6,010+261%added
ED CONSOLIDATED EDISON INCUtilities0.02%$147k1,674–new
CREW ENERGY no ticker–0.02%$121k189,500+2427%added
LWAY LIFEWAY FOODS INCConsumer Defensive0.0%$36.4k10,000–new
VHIUSD VALHI INC NEW–0.0%$30.8k10,368–new

Exited since Q1 2019

1 row
ORI OLD REP INTL CORP0.2%$1.0m

Sector mix

  • Unclassified46.3%
  • Financial Services15.0%
  • Energy11.6%
  • Healthcare10.6%
  • Industrials6.9%
  • Technology5.2%
  • Real Estate2.3%
  • Communication Services2.0%
  • Utilities0.02%
  • Consumer Defensive0.0%

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