Funds › Kahn Brothers › Q2 2021Kahn Brothers 13F holdings, Q2 2021 Kahn Brothers disclosed 43 US equity positions worth $698.3m in its Q2 2021 13F filing. Its largest position is AGO at 9.9% of the reported book, followed by CITIGROUP and BMY. Versus Q1 2021 it opened 1 new position, added to 13, reduced 11 and exited 0.
$698m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
43 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.9% Largest position The largest single position as a share of the reported equity book.
79.6% 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 Q1 2021: 1 new , 13 added , 11 reduced , 0 exited
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Stock Sector Weight Value Shares Δ shares Action AGO ASSURED GUARANTY LTD Financial Services 9.9% $69.4m 1.46m −0.2% held CITIGROUP no ticker – 8.5% $59.2m 836,906 +0.7% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 8.4% $58.3m 893,045 +5.5% added PTEN PATTERSON-UTI ENERGY INC Energy 8.3% $58.0m 5.83m +3.6% added BP BP PLC Energy 8.2% $57.2m 2.17m +13% added MERCK no ticker – 8.0% $55.7m 716,329 +1.3% added MBI MBIA INC Financial Services 7.9% $55.5m 5.04m +3.0% added NYCBEUR NEW YORK CMNTY BANCORP INC – 7.4% $51.7m 4.69m +4.3% added GSK PLC no ticker – 7.4% $51.7m 1.30m +2.5% added SEB SEABOARD CORP DEL Industrials 5.6% $39.3m 10,162 −1.0% reduced PFE PFIZER INC Healthcare 4.6% $32.3m 824,504 +24% added BB BLACKBERRY LTD Technology 3.1% $21.5m 1.76m −34% reduced VOXXGUSD VOXX INTL CORP – 2.8% $19.4m 1.39m −0.5% reduced IDT CORP CL B no ticker – 2.6% $18.0m 488,160 +0.2% held RFL RAFAEL HLDGS INC Real Estate 2.3% $16.0m 314,053 −6.1% reduced STL STERLING BANCORP DEL – 1.0% $6.7m 271,822 +0.1% held TPHS TRINITY PL HLDGS INC Real Estate 0.4% $2.9m 1.36m −0.3% held VRAYQ VIEWRAY INC Healthcare 0.4% $2.7m 413,155 +2.6% added HO1 HOLOGIC INC – 0.4% $2.7m 39,757 −11% reduced ZDGE ZEDGE INC – 0.3% $2.3m 123,887 −0.7% reduced OGN ORGANON & CO Healthcare 0.3% $2.2m 71,622 – new GENIE ENERGY no ticker – 0.3% $2.2m 341,076 −0.1% held NVS NOVARTIS AG Healthcare 0.3% $1.9m 20,398 0.0% held NAM TAI PPTY INC no ticker – 0.2% $1.4m 50,950 −96% reduced VTRS VIATRIS INC Healthcare 0.2% $1.3m 91,600 −0.5% reduced FIRST NATL BK OF ALASKA no ticker – 0.2% $1.1m 4,770 0.0% held EXMOC EXXON MOBIL CORP – 0.1% $982k 15,564 −3.7% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $903k 3,250 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.1% $900k 16,064 +5.4% added PFS PROVIDENT FINL SVCS INC Financial Services 0.09% $629k 27,472 0.0% held JP MORGAN CHASE no ticker – 0.08% $548k 3,525 +74% added BAC BANK OF AMER CORP Financial Services 0.07% $503k 12,208 −9.9% reduced NAVI NAVIENT CORPORATION Financial Services 0.06% $450k 23,286 0.0% held HOPE HOPE BANCORP INC Financial Services 0.06% $440k 31,000 0.0% held AMERICAN TEL & TEL no ticker – 0.06% $434k 15,095 +17% added CVX CHEVRON CORPORATION Energy 0.06% $414k 3,948 0.0% held CREW ENERGY no ticker – 0.05% $326k 182,000 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.04% $308k 5,398 −13% reduced PEP PEPSICO INC Consumer Defensive 0.04% $282k 1,900 0.0% held IDW MEDIA no ticker – 0.04% $266k 72,942 0.0% held PEYTO EXP & DEV no ticker – 0.03% $236k 35,000 0.0% held DEUTSCHE BK AG no ticker – 0.02% $131k 10,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $51.8k 10,000 0.0% held
Sector mix Unclassified 39.5% Financial Services 18.2% Energy 16.6% Healthcare 14.1% Industrials 5.6% Technology 3.1% Real Estate 2.7% 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