Funds › Kahn Brothers › Q3 2021Kahn Brothers 13F holdings, Q3 2021 Kahn Brothers disclosed 43 US equity positions worth $710.3m in its Q3 2021 13F filing. Its largest position is AGO at 9.4% of the reported book, followed by MBI and BP. Versus Q2 2021 it opened 0 new positions, added to 8, reduced 17 and exited 0.
$710m 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.
9.4% 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 Q2 2021: 0 new , 8 added , 17 reduced , 0 exited
43 rows
Stock Sector Weight Value Shares Δ shares Action AGO ASSURED GUARANTY LTD Financial Services 9.4% $67.1m 1.43m −1.9% reduced MBI MBIA INC Financial Services 9.0% $63.8m 4.97m −1.5% reduced BP BP PLC Energy 8.8% $62.4m 2.28m +5.4% added NYCBEUR NEW YORK CMNTY BANCORP INC – 8.7% $61.7m 4.79m +2.1% added CITIGROUP no ticker – 8.2% $58.5m 832,936 −0.5% held PTEN PATTERSON-UTI ENERGY INC Energy 7.5% $53.6m 5.96m +2.2% added MERCK no ticker – 7.5% $53.0m 706,183 −1.4% reduced GSK PLC no ticker – 7.3% $51.7m 1.35m +4.3% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 7.3% $51.7m 873,730 −2.2% reduced PFE PFIZER INC Healthcare 5.9% $42.2m 980,988 +19% added SEB SEABOARD CORP DEL Industrials 5.8% $41.3m 10,078 −0.8% reduced VOXXGUSD VOXX INTL CORP – 3.1% $22.4m 1.95m +41% added IDT CORP CL B no ticker – 2.8% $19.8m 471,973 −3.3% reduced BB BLACKBERRY LTD Technology 2.4% $16.7m 1.72m −2.5% reduced RFL RAFAEL HLDGS INC Real Estate 1.3% $9.6m 311,735 −0.7% reduced STL STERLING BANCORP DEL – 1.0% $6.8m 273,019 +0.4% held VRAYQ VIEWRAY INC Healthcare 0.6% $4.1m 563,155 +36% added TPHS TRINITY PL HLDGS INC Real Estate 0.4% $2.7m 1.35m −0.3% held HO1 HOLOGIC INC – 0.4% $2.6m 35,619 −10% reduced OGN ORGANON & CO Healthcare 0.3% $2.3m 70,164 −2.0% reduced GENIE ENERGY no ticker – 0.3% $2.2m 336,438 −1.4% reduced NVS NOVARTIS AG Healthcare 0.2% $1.7m 20,398 0.0% held ZDGE ZEDGE INC – 0.2% $1.6m 122,345 −1.2% reduced VTRS VIATRIS INC Healthcare 0.2% $1.2m 88,092 −3.8% reduced FIRST NATL BK OF ALASKA no ticker – 0.2% $1.1m 4,770 0.0% held EXMOC EXXON MOBIL CORP – 0.1% $915k 15,564 0.0% held BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $887k 3,250 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.1% $878k 16,264 +1.2% added NAM TAI PPTY INC no ticker – 0.1% $878k 37,750 −26% reduced PFS PROVIDENT FINL SVCS INC Financial Services 0.09% $645k 27,472 0.0% held JP MORGAN CHASE no ticker – 0.08% $577k 3,525 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.06% $459k 23,286 0.0% held BAC BANK OF AMER CORP Financial Services 0.06% $455k 10,708 −12% reduced HOPE HOPE BANCORP INC Financial Services 0.06% $448k 31,000 0.0% held CREW ENERGY no ticker – 0.06% $447k 182,000 0.0% held AMERICAN TEL & TEL no ticker – 0.06% $401k 14,862 −1.5% reduced CVX CHEVRON CORPORATION Energy 0.06% $401k 3,948 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.04% $302k 5,398 0.0% held PEP PEPSICO INC Consumer Defensive 0.04% $286k 1,900 0.0% held PEYTO EXP & DEV no ticker – 0.04% $272k 35,000 0.0% held IDW MEDIA no ticker – 0.03% $206k 72,365 −0.8% reduced DEUTSCHE BK AG no ticker – 0.02% $127k 10,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $56.0k 10,000 0.0% held
Sector mix Unclassified 40.3% Financial Services 18.7% Energy 16.4% Healthcare 14.5% Industrials 5.8% Technology 2.4% Real Estate 1.7% 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