Funds › Kahn Brothers › Q3 2022Kahn Brothers 13F holdings, Q3 2022 Kahn Brothers disclosed 45 US equity positions worth $641.7m in its Q3 2022 13F filing. Its largest position is BMY at 10.2% of the reported book, followed by BP and AGO. Versus Q2 2022 it opened 2 new positions, added to 6, reduced 17 and exited 2.
$642m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
45 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.2% Largest position The largest single position as a share of the reported equity book.
82.3% 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 Q2 2022: 2 new , 6 added , 17 reduced , 2 exited
45 rows
Stock Sector Weight Value Shares Δ shares Action BMY BRISTOL-MYERS SQUIBB CO Healthcare 10.2% $65.7m 924,093 −0.5% reduced BP BP PLC Energy 9.7% $62.1m 2.17m −1.2% reduced AGO ASSURED GUARANTY LTD Financial Services 9.4% $60.4m 1.25m −4.0% reduced MRK MERCK & CO. INC Healthcare 9.1% $58.6m 684,255 −2.1% reduced PTEN PATTERSON-UTI ENERGY INC Energy 8.4% $53.8m 4.60m −3.9% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 7.9% $50.6m 5.94m +2.0% added C CITIGROUP INC Financial Services 7.6% $48.5m 1.16m +4.3% added PFE PFIZER INC Healthcare 7.1% $45.6m 1.04m −0.5% held MBI MBIA INC Financial Services 6.9% $44.3m 4.81m −0.5% reduced GSK PLC no ticker – 6.0% $38.4m 1.30m −8.8% reduced SEB SEABOARD CORP DEL Industrials 5.2% $33.5m 9,857 −0.5% reduced VOXXGUSD VOXX INTL CORP – 3.5% $22.4m 2.94m +9.9% added IDT IDT CORP Communication Services 1.8% $11.6m 467,829 −0.1% held HLN HALEON PLC Healthcare 1.4% $8.8m 1.44m – new BB BLACKBERRY LTD Technology 1.1% $6.9m 1.48m −1.5% reduced VRAYQ VIEWRAY INC Healthcare 0.9% $6.0m 1.65m +1.8% added WED WEBSTER FINL CORP – 0.8% $5.2m 114,564 −5.9% reduced GNE GENIE ENERGY LTD Utilities 0.5% $3.0m 322,777 −0.1% held HO1 HOLOGIC INC – 0.3% $2.1m 31,985 0.0% held NVS NOVARTIS AG Healthcare 0.3% $1.8m 23,078 0.0% held OGN ORGANON & CO Healthcare 0.2% $1.5m 62,268 −6.4% reduced EXMOC EXXON MOBIL CORP – 0.2% $1.3m 14,909 −33% reduced TPHS TRINITY PL HLDGS INC Real Estate 0.2% $1.3m 1.46m −0.5% reduced FIRST NATL BK OF ALASKA no ticker – 0.2% $1.1m 4,770 0.0% held BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $830k 3,107 −1.4% reduced VTRS VIATRIS INC Healthcare 0.10% $637k 74,462 −1.0% reduced VZ VERIZON COMMUNICATIONS INC Communication Services 0.08% $542k 14,264 0.0% held PFS PROVIDENT FINL SVCS INC Financial Services 0.08% $536k 27,472 0.0% held RFL RAFAEL HLDGS INC Real Estate 0.08% $508k 282,164 +0.5% added CVX CHEVRON CORPORATION Energy 0.07% $467k 3,248 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.06% $401k 27,286 +17% added HOPE HOPE BANCORP INC Financial Services 0.06% $392k 31,000 0.0% held CREW ENERGY no ticker – 0.05% $342k 92,000 −49% reduced BAC BANK OF AMER CORP Financial Services 0.05% $324k 10,708 0.0% held PEP PEPSICO INC Consumer Defensive 0.05% $310k 1,900 0.0% held JP MORGAN CHASE no ticker – 0.05% $290k 2,775 −1.8% reduced ZDGE ZEDGE INC – 0.04% $287k 121,510 −0.1% held PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $283k 2,244 0.0% held PEYTO EXP & DEV no ticker – 0.04% $281k 35,000 0.0% held T AT&T INC Communication Services 0.04% $257k 16,754 0.0% held GBCI GLACIER BANCORP INC NEW Financial Services 0.03% $212k 4,320 – new CMCSA COMCAST CORP NEW Communication Services 0.03% $207k 7,074 0.0% held IDW MEDIA no ticker – 0.02% $107k 69,904 −0.1% held DEUTSCHE BK AG no ticker – 0.01% $74.0k 10,000 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $57.0k 10,000 0.0% held
Exited since Q2 2022 2 rows
Stock Prior weight Prior value NAM TAI PPTY INC no ticker 0.05% $364k ALC ALCON INC 0.03% $238k
Sector mix Healthcare 29.4% Financial Services 24.2% Unclassified 19.2% Energy 18.1% Industrials 5.2% Communication Services 2.0% Technology 1.1% Utilities 0.5% Real Estate 0.3% Consumer Defensive 0.1% 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