Funds › Kahn Brothers › Q1 2022Kahn Brothers 13F holdings, Q1 2022 Kahn Brothers disclosed 46 US equity positions worth $787.6m in its Q1 2022 13F filing. Its largest position is PTEN at 11.4% of the reported book, followed by AGO and MBI. Versus Q4 2021 it opened 9 new positions, added to 6, reduced 17 and exited 6.
$788m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
46 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.4% 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 Q4 2021: 9 new , 6 added , 17 reduced , 6 exited
46 rows
Stock Sector Weight Value Shares Δ shares Action PTEN PATTERSON-UTI ENERGY INC Energy 11.4% $89.7m 5.80m −2.7% reduced AGO ASSURED GUARANTY LTD Financial Services 10.7% $84.3m 1.32m −7.8% reduced MBI MBIA INC Financial Services 9.4% $74.3m 4.83m −3.0% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 8.6% $67.6m 925,728 +0.4% held BP BP PLC Energy 8.2% $65.0m 2.21m −1.4% reduced GSK PLC no ticker – 7.9% $62.1m 1.43m −0.8% reduced MRK MERCK & CO. INC Healthcare 7.2% $57.0m 694,535 – new PFE PFIZER INC Healthcare 6.8% $53.9m 1.04m +2.4% added NYCBEUR NEW YORK CMNTY BANCORP INC – 6.7% $53.0m 4.94m +1.3% added C CITIGROUP INC Financial Services 6.6% $51.9m 972,147 – new SEB SEABOARD CORP DEL Industrials 5.3% $41.7m 9,913 −1.3% reduced VOXXGUSD VOXX INTL CORP – 2.9% $23.2m 2.33m +15% added IDT IDT CORP Communication Services 2.0% $16.0m 467,958 – new BB BLACKBERRY LTD Technology 1.4% $11.2m 1.50m −2.5% reduced WED WEBSTER FINL CORP – 0.9% $6.9m 122,196 – new VRAYQ VIEWRAY INC Healthcare 0.6% $4.6m 1.17m +27% added TPHS TRINITY PL HLDGS INC Real Estate 0.4% $2.8m 1.46m −0.6% reduced HO1 HOLOGIC INC – 0.3% $2.5m 31,985 −1.7% reduced OGN ORGANON & CO Healthcare 0.3% $2.4m 67,404 −2.1% reduced GNE GENIE ENERGY LTD Utilities 0.3% $2.2m 323,046 – new NVS NOVARTIS AG Healthcare 0.2% $2.0m 22,378 0.0% held FIRST NATL BK OF ALASKA no ticker – 0.2% $1.3m 4,770 0.0% held EXMOC EXXON MOBIL CORP – 0.2% $1.3m 15,264 −1.9% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $1.1m 3,150 −3.1% reduced VTRS VIATRIS INC Healthcare 0.1% $943k 86,760 −1.7% reduced VZ VERIZON COMMUNICATIONS INC Communication Services 0.1% $800k 15,714 0.0% held CREW ENERGY no ticker – 0.09% $741k 182,000 0.0% held ZDGE ZEDGE INC – 0.09% $741k 121,597 −1.3% reduced RFL RAFAEL HLDGS INC Real Estate 0.09% $705k 280,631 −0.8% reduced PFS PROVIDENT FINL SVCS INC Financial Services 0.08% $643k 27,472 0.0% held NAM TAI PPTY INC no ticker – 0.07% $535k 85,600 +126% added CVX CHEVRON CORPORATION Energy 0.07% $529k 3,248 −3.0% reduced HOPE HOPE BANCORP INC Financial Services 0.06% $498k 31,000 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.06% $473k 27,786 +19% added BAC BANK OF AMER CORP Financial Services 0.06% $442k 10,708 0.0% held JP MORGAN CHASE no ticker – 0.05% $429k 3,150 0.0% held PEYTO EXP & DEV no ticker – 0.05% $355k 35,000 0.0% held T AT&T INC Communication Services 0.04% $344k 14,547 – new PEP PEPSICO INC Consumer Defensive 0.04% $318k 1,900 0.0% held ALC ALCON INC Healthcare 0.03% $254k 3,175 – new CMCSA COMCAST CORP NEW Communication Services 0.03% $253k 5,398 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.03% $240k 1,600 – new NRIM NORTHRIM BANCORP INC Financial Services 0.03% $206k 4,736 – new IDW MEDIA no ticker – 0.02% $127k 69,708 −4.0% reduced DEUTSCHE BK AG no ticker – 0.02% $126k 10,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $72.0k 10,000 0.0% held
Exited since Q4 2021 6 rows
Stock Prior weight Prior value MERCK no ticker 7.5% $54.4m CITIGROUP no ticker 7.4% $54.0m IDT CORP CL B no ticker 2.9% $20.9m STL STERLING BANCORP DEL 1.0% $7.0m GENIE ENERGY no ticker 0.3% $1.9m AMERICAN TEL & TEL no ticker 0.05% $359k
Sector mix Financial Services 27.0% Healthcare 24.0% Energy 19.7% Unclassified 19.6% Industrials 5.3% Communication Services 2.2% Technology 1.4% Real Estate 0.4% Utilities 0.3% Consumer Defensive 0.08% 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