Funds › Kahn Brothers › Q4 2022Kahn Brothers 13F holdings, Q4 2022 Kahn Brothers disclosed 45 US equity positions worth $759.6m in its Q4 2022 13F filing. Its largest position is AGO at 10.1% of the reported book, followed by MRK and BP. Versus Q3 2022 it opened 1 new position, added to 12, reduced 11 and exited 1.
$760m 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.
10.1% Largest position The largest single position as a share of the reported equity book.
83.1% 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 2022: 1 new , 12 added , 11 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action AGO ASSURED GUARANTY LTD Financial Services 10.1% $76.7m 1.23m −1.7% reduced MRK MERCK & CO. INC Healthcare 10.0% $75.6m 681,763 −0.4% held BP BP PLC Energy 10.0% $75.6m 2.17m −0.4% held PTEN PATTERSON-UTI ENERGY INC Energy 9.9% $75.3m 4.47m −2.9% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 8.7% $65.8m 914,001 −1.1% reduced MBI MBIA INC Financial Services 8.1% $61.9m 4.82m +0.1% held PFE PFIZER INC Healthcare 7.0% $53.2m 1.04m −0.4% held C CITIGROUP INC Financial Services 7.0% $52.9m 1.17m +0.5% held NYCBEUR NEW YORK CMNTY BANCORP INC – 6.8% $51.3m 5.96m +0.4% held GSK PLC no ticker – 5.7% $43.1m 1.23m −6.0% reduced SEB SEABOARD CORP DEL Industrials 4.9% $37.6m 9,955 +1.0% added VOXXGUSD VOXX INTL CORP – 3.3% $25.3m 3.01m +2.5% added IDT IDT CORP Communication Services 1.7% $13.2m 468,929 +0.2% held HLN HALEON PLC Healthcare 1.5% $11.3m 1.41m −2.2% reduced VRAYQ VIEWRAY INC Healthcare 1.0% $7.3m 1.62m −1.8% reduced WED WEBSTER FINL CORP – 0.7% $5.5m 116,993 +2.1% added BB BLACKBERRY LTD Technology 0.6% $4.6m 1.42m −3.8% reduced GNE GENIE ENERGY LTD Utilities 0.4% $3.4m 325,877 +1.0% added HO1 HOLOGIC INC – 0.3% $2.3m 30,385 −5.0% reduced NVS NOVARTIS AG Healthcare 0.3% $2.0m 21,578 −6.5% reduced OGN ORGANON & CO Healthcare 0.2% $1.7m 62,634 +0.6% added EXMOC EXXON MOBIL CORP – 0.2% $1.6m 14,861 −0.3% held BAC BANK OF AMER CORP Financial Services 0.2% $1.4m 43,069 +302% added CREW ENERGY no ticker – 0.2% $1.2m 282,780 +207% added FIRST NATL BK OF ALASKA no ticker – 0.1% $1.1m 4,770 0.0% held TPHS TRINITY PL HLDGS INC Real Estate 0.1% $1.1m 1.50m +2.6% added BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $960k 3,107 0.0% held VTRS VIATRIS INC Healthcare 0.1% $826k 74,174 −0.4% held PFS PROVIDENT FINL SVCS INC Financial Services 0.08% $587k 27,472 0.0% held CVX CHEVRON CORPORATION Energy 0.08% $583k 3,248 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.07% $550k 13,954 −2.2% reduced PEYTO EXP & DEV no ticker – 0.07% $541k 52,807 +51% added RFL RAFAEL HLDGS INC Real Estate 0.07% $527k 281,382 −0.3% held HOPE HOPE BANCORP INC Financial Services 0.05% $397k 31,000 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.05% $383k 23,286 −15% reduced JP MORGAN CHASE no ticker – 0.05% $372k 2,775 0.0% held PEP PEPSICO INC Consumer Defensive 0.05% $343k 1,900 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $323k 2,244 0.0% held T AT&T INC Communication Services 0.04% $319k 17,329 +3.4% added CMCSA COMCAST CORP NEW Communication Services 0.04% $288k 8,238 +16% added ZDGE ZEDGE INC – 0.03% $215k 121,878 +0.3% held GBCI GLACIER BANCORP INC NEW Financial Services 0.03% $213k 4,320 0.0% held NAM TAI PPTY INC no ticker – 0.02% $116k 87,300 – new IDW MEDIA no ticker – 0.01% $65.9k 70,624 +1.0% added LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $55.0k 10,000 0.0% held
Exited since Q3 2022 1 row
Stock Prior weight Prior value DEUTSCHE BK AG no ticker 0.01% $74.0k
Sector mix Healthcare 28.7% Financial Services 25.6% Energy 19.9% Unclassified 17.6% Industrials 4.9% Communication Services 1.9% Technology 0.6% Utilities 0.4% Real Estate 0.2% Consumer Defensive 0.09% 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