Funds › Kahn Brothers › Q1 2021Kahn Brothers 13F holdings, Q1 2021 Kahn Brothers disclosed 42 US equity positions worth $646.1m in its Q1 2021 13F filing. Its largest position is AGO at 9.6% of the reported book, followed by CITIGROUP and NYCBEUR. Versus Q4 2020 it opened 0 new positions, added to 4, reduced 20 and exited 0.
$646m 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.
9.6% Largest position The largest single position as a share of the reported equity book.
78.0% 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 Q4 2020: 0 new , 4 added , 20 reduced , 0 exited
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Stock Sector Weight Value Shares Δ shares Action AGO ASSURED GUARANTY LTD Financial Services 9.6% $61.9m 1.46m −3.1% reduced CITIGROUP no ticker – 9.4% $60.4m 830,883 +1.7% added NYCBEUR NEW YORK CMNTY BANCORP INC – 8.8% $56.8m 4.50m +4.3% added MERCK no ticker – 8.4% $54.5m 706,886 −3.3% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 8.3% $53.4m 846,336 −2.1% reduced MBI MBIA INC Financial Services 7.3% $47.1m 4.89m −0.3% held BP BP PLC Energy 7.2% $46.6m 1.91m +4.8% added GSK PLC no ticker – 7.0% $45.2m 1.27m −1.3% reduced PTEN PATTERSON-UTI ENERGY INC Energy 6.2% $40.1m 5.63m −2.2% reduced SEB SEABOARD CORP DEL Industrials 5.9% $37.9m 10,266 −1.9% reduced VOXXGUSD VOXX INTL CORP – 4.1% $26.6m 1.39m −54% reduced PFE PFIZER INC Healthcare 3.7% $24.0m 662,287 −1.8% reduced BB BLACKBERRY LTD Technology 3.5% $22.5m 2.67m −44% reduced NAM TAI PPTY INC no ticker – 2.5% $16.2m 1.32m −6.9% reduced RFL RAFAEL HLDGS INC Real Estate 1.9% $12.6m 334,476 0.0% held IDT CORP CL B no ticker – 1.7% $11.0m 487,010 −3.4% reduced STL STERLING BANCORP DEL – 1.0% $6.2m 271,482 −1.4% reduced HO1 HOLOGIC INC – 0.5% $3.3m 44,429 −2.9% reduced TPHS TRINITY PL HLDGS INC Real Estate 0.4% $2.8m 1.36m +0.9% added GENIE ENERGY no ticker – 0.3% $2.2m 341,426 −3.9% reduced ZDGE ZEDGE INC – 0.3% $1.8m 124,779 −4.4% reduced VRAYQ VIEWRAY INC Healthcare 0.3% $1.8m 402,555 −6.0% reduced NVS NOVARTIS AG Healthcare 0.3% $1.7m 20,398 −8.9% reduced VTRS VIATRIS INC Healthcare 0.2% $1.3m 92,093 −1.6% reduced FIRST NATL BK OF ALASKA no ticker – 0.2% $1.0m 4,770 0.0% held EXMOC EXXON MOBIL CORP – 0.1% $903k 16,170 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.1% $886k 15,244 0.0% held BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $830k 3,250 0.0% held PFS PROVIDENT FINL SVCS INC Financial Services 0.09% $612k 27,472 0.0% held BAC BANK OF AMER CORP Financial Services 0.08% $524k 13,547 0.0% held HOPE HOPE BANCORP INC Financial Services 0.07% $467k 31,000 0.0% held CVX CHEVRON CORPORATION Energy 0.06% $414k 3,948 0.0% held AMERICAN TEL & TEL no ticker – 0.06% $391k 12,921 −0.8% reduced CMCSA COMCAST CORP NEW Communication Services 0.05% $334k 6,181 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.05% $333k 23,286 0.0% held JP MORGAN CHASE no ticker – 0.05% $308k 2,025 0.0% held IDW MEDIA no ticker – 0.05% $292k 72,978 −4.1% reduced PEP PEPSICO INC Consumer Defensive 0.04% $269k 1,900 0.0% held CREW ENERGY no ticker – 0.03% $169k 182,000 0.0% held PEYTO EXP & DEV no ticker – 0.02% $148k 35,000 0.0% held DEUTSCHE BK AG no ticker – 0.02% $120k 10,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $54.0k 10,000 0.0% held
Sector mix Unclassified 44.6% Financial Services 17.2% Energy 13.5% Healthcare 12.7% Industrials 5.9% Technology 3.5% Real Estate 2.4% Communication Services 0.2% Consumer Defensive 0.05% 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