Funds › Kahn Brothers › Q4 2021Kahn Brothers 13F holdings, Q4 2021 Kahn Brothers disclosed 43 US equity positions worth $728.0m in its Q4 2021 13F filing. Its largest position is MBI at 10.8% of the reported book, followed by AGO and GSK PLC. Versus Q3 2021 it opened 0 new positions, added to 10, reduced 11 and exited 0.
$728m 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.
10.8% Largest position The largest single position as a share of the reported equity book.
83.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
13 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 2021: 0 new , 10 added , 11 reduced , 0 exited
43 rows
Stock Sector Weight Value Shares Δ shares Action MBI MBIA INC Financial Services 10.8% $78.6m 4.98m +0.2% held AGO ASSURED GUARANTY LTD Financial Services 9.9% $72.1m 1.44m +0.2% held GSK PLC no ticker – 8.7% $63.4m 1.44m +6.3% added PFE PFIZER INC Healthcare 8.3% $60.1m 1.02m +3.8% added BP BP PLC Energy 8.2% $59.7m 2.24m −1.8% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 8.2% $59.6m 4.88m +1.7% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 7.9% $57.5m 921,603 +5.5% added MERCK no ticker – 7.5% $54.4m 709,224 +0.4% held CITIGROUP no ticker – 7.4% $54.0m 893,788 +7.3% added PTEN PATTERSON-UTI ENERGY INC Energy 6.9% $50.3m 5.96m 0.0% held SEB SEABOARD CORP DEL Industrials 5.4% $39.5m 10,048 −0.3% held IDT CORP CL B no ticker – 2.9% $20.9m 472,349 +0.1% held VOXXGUSD VOXX INTL CORP – 2.8% $20.6m 2.02m +3.6% added STL STERLING BANCORP DEL – 1.0% $7.0m 270,498 −0.9% reduced VRAYQ VIEWRAY INC Healthcare 0.7% $5.1m 920,200 +63% added TPHS TRINITY PL HLDGS INC Real Estate 0.4% $2.7m 1.47m +9.0% added HO1 HOLOGIC INC – 0.3% $2.5m 32,539 −8.6% reduced OGN ORGANON & CO Healthcare 0.3% $2.1m 68,870 −1.8% reduced NVS NOVARTIS AG Healthcare 0.3% $2.0m 22,378 +9.7% added GENIE ENERGY no ticker – 0.3% $1.9m 332,810 −1.1% reduced BB BLACKBERRY LTD Technology 0.2% $1.4m 1.54m −10% reduced RFL RAFAEL HLDGS INC Real Estate 0.2% $1.4m 283,007 −9.2% reduced VTRS VIATRIS INC Healthcare 0.2% $1.2m 88,280 +0.2% held FIRST NATL BK OF ALASKA no ticker – 0.2% $1.1m 4,770 0.0% held ZDGE ZEDGE INC – 0.1% $1.1m 123,179 +0.7% added BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $972k 3,250 0.0% held EXMOC EXXON MOBIL CORP – 0.1% $952k 15,564 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.1% $816k 15,714 −3.4% reduced PFS PROVIDENT FINL SVCS INC Financial Services 0.09% $665k 27,472 0.0% held JP MORGAN CHASE no ticker – 0.07% $499k 3,150 −11% reduced NAVI NAVIENT CORPORATION Financial Services 0.07% $494k 23,286 0.0% held BAC BANK OF AMER CORP Financial Services 0.07% $476k 10,708 0.0% held HOPE HOPE BANCORP INC Financial Services 0.06% $456k 31,000 0.0% held CREW ENERGY no ticker – 0.06% $410k 182,000 0.0% held CVX CHEVRON CORPORATION Energy 0.05% $393k 3,348 −15% reduced NAM TAI PPTY INC no ticker – 0.05% $382k 37,900 +0.4% held AMERICAN TEL & TEL no ticker – 0.05% $359k 14,578 −1.9% reduced PEP PEPSICO INC Consumer Defensive 0.05% $330k 1,900 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.04% $272k 5,398 0.0% held PEYTO EXP & DEV no ticker – 0.04% $262k 35,000 0.0% held IDW MEDIA no ticker – 0.02% $145k 72,621 +0.4% held DEUTSCHE BK AG no ticker – 0.02% $125k 10,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $46.0k 10,000 0.0% held
Sector mix Unclassified 39.9% Financial Services 21.0% Healthcare 17.6% Energy 15.2% Industrials 5.4% Real Estate 0.6% Technology 0.2% Communication Services 0.1% 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