Funds › Kahn Brothers › Q4 2020Kahn Brothers 13F holdings, Q4 2020 Kahn Brothers disclosed 42 US equity positions worth $573.3m in its Q4 2020 13F filing. Its largest position is MERCK at 10.4% of the reported book, followed by BMY and CITIGROUP. Versus Q3 2020 it opened 1 new position, added to 3, reduced 26 and exited 1.
$573m 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.
10.4% Largest position The largest single position as a share of the reported equity book.
77.5% 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 2020: 1 new , 3 added , 26 reduced , 1 exited
42 rows
Stock Sector Weight Value Shares Δ shares Action MERCK no ticker – 10.4% $59.8m 731,090 −8.9% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 9.4% $53.6m 864,237 −7.7% reduced CITIGROUP no ticker – 8.8% $50.4m 816,759 −4.0% reduced AGO ASSURED GUARANTY LTD Financial Services 8.3% $47.6m 1.51m −8.3% reduced GSK PLC no ticker – 8.2% $47.2m 1.28m −8.9% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 7.9% $45.5m 4.31m −10% reduced VOXXGUSD VOXX INTL CORP – 6.8% $38.9m 3.05m −14% reduced BP BP PLC Energy 6.5% $37.5m 1.83m −7.6% reduced MBI MBIA INC Financial Services 5.6% $32.3m 4.91m +5.6% added SEB SEABOARD CORP DEL Industrials 5.5% $31.7m 10,462 −6.3% reduced BB BLACKBERRY LTD Technology 5.5% $31.4m 4.73m −13% reduced PTEN PATTERSON-UTI ENERGY INC Energy 5.3% $30.3m 5.76m −15% reduced PFE PFIZER INC Healthcare 4.3% $24.8m 674,718 −2.6% reduced NAM TAI PPTY INC no ticker – 1.4% $8.3m 1.41m −18% reduced RFL RAFAEL HLDGS INC Real Estate 1.4% $7.8m 334,476 −15% reduced STL STERLING BANCORP DEL – 0.9% $5.0m 275,362 −8.5% reduced HO1 HOLOGIC INC – 0.6% $3.3m 45,746 +7.8% added GENIE ENERGY no ticker – 0.4% $2.6m 355,156 −14% reduced NVS NOVARTIS AG Healthcare 0.4% $2.1m 22,398 −1.3% reduced VTRS VIATRIS INC Healthcare 0.3% $1.8m 93,626 – new TPHS TRINITY PL HLDGS INC Real Estate 0.3% $1.7m 1.35m +2.0% added VRAYQ VIEWRAY INC Healthcare 0.3% $1.6m 428,055 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.2% $896k 15,244 −5.3% reduced FIRST NATL BK OF ALASKA no ticker – 0.2% $887k 4,770 0.0% held ZDGE ZEDGE INC – 0.1% $788k 130,484 −14% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $754k 3,250 0.0% held EXMOC EXXON MOBIL CORP – 0.1% $667k 16,170 −11% reduced IDT CORP CL B no ticker – 0.1% $623k 504,140 −24% reduced PFS PROVIDENT FINL SVCS INC Financial Services 0.09% $493k 27,472 0.0% held BAC BANK OF AMER CORP Financial Services 0.07% $411k 13,547 −4.6% reduced AMERICAN TEL & TEL no ticker – 0.07% $374k 13,021 −14% reduced HOPE HOPE BANCORP INC Financial Services 0.06% $338k 31,000 0.0% held CVX CHEVRON CORPORATION Energy 0.06% $333k 3,948 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.06% $324k 6,181 0.0% held PEP PEPSICO INC Consumer Defensive 0.05% $282k 1,900 −5.0% reduced IDW MEDIA no ticker – 0.05% $268k 76,063 −17% reduced JP MORGAN CHASE no ticker – 0.04% $257k 2,025 −43% reduced NAVI NAVIENT CORPORATION Financial Services 0.04% $229k 23,286 0.0% held DEUTSCHE BK AG no ticker – 0.02% $109k 10,000 0.0% held PEYTO EXP & DEV no ticker – 0.01% $80.2k 35,000 0.0% held CREW ENERGY no ticker – 0.01% $80.1k 182,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $54.1k 10,000 0.0% held
Exited since Q3 2020 1 row
Stock Prior weight Prior value KEY KEYCORP 0.02% $131k
Sector mix Unclassified 46.4% Healthcare 14.6% Financial Services 14.2% Energy 11.9% Industrials 5.5% Technology 5.5% Real Estate 1.7% Communication Services 0.2% Consumer Defensive 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