Funds › Kahn Brothers › Q1 2023Kahn Brothers 13F holdings, Q1 2023 Kahn Brothers disclosed 45 US equity positions worth $694.7m in its Q1 2023 13F filing. Its largest position is BP at 10.7% of the reported book, followed by MRK and BMY. Versus Q4 2022 it opened 0 new positions, added to 4, reduced 27 and exited 0.
$695m 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.
10.7% Largest position The largest single position as a share of the reported equity book.
80.5% 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 Q4 2022: 0 new , 4 added , 27 reduced , 0 exited
45 rows
Stock Sector Weight Value Shares Δ shares Action BP BP PLC Energy 10.7% $74.4m 1.96m −9.5% reduced MRK MERCK & CO. INC Healthcare 10.3% $71.5m 671,604 −1.5% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 9.0% $62.4m 900,556 −1.5% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 8.3% $57.8m 6.39m +7.2% added AGO ASSURED GUARANTY LTD Financial Services 8.3% $57.5m 1.14m −7.1% reduced C CITIGROUP INC Financial Services 8.2% $57.1m 1.22m +4.2% added PTEN PATTERSON-UTI ENERGY INC Energy 6.8% $47.4m 4.05m −9.4% reduced GSK PLC no ticker – 6.5% $45.5m 1.28m +4.1% added MBI MBIA INC Financial Services 6.3% $43.8m 4.73m −1.7% reduced PFE PFIZER INC Healthcare 6.0% $42.0m 1.03m −0.8% reduced VOXXGUSD VOXX INTL CORP – 5.3% $36.8m 2.98m −1.1% reduced SEB SEABOARD CORP DEL Industrials 5.2% $36.0m 9,560 −4.0% reduced IDT IDT CORP Communication Services 1.8% $12.5m 366,231 −22% reduced HLN HALEON PLC Healthcare 1.6% $11.2m 1.38m −2.1% reduced BB BLACKBERRY LTD Technology 0.9% $6.4m 1.41m −0.6% reduced VRAYQ VIEWRAY INC Healthcare 0.8% $5.6m 1.62m −0.2% held WED WEBSTER FINL CORP – 0.6% $4.5m 113,021 −3.4% reduced GNE GENIE ENERGY LTD Utilities 0.6% $4.3m 310,562 −4.7% reduced HO1 HOLOGIC INC – 0.3% $2.4m 30,035 −1.2% reduced NVS NOVARTIS AG Healthcare 0.3% $2.0m 21,578 0.0% held EXMOC EXXON MOBIL CORP – 0.2% $1.6m 14,255 −4.1% reduced OGN ORGANON & CO Healthcare 0.2% $1.4m 61,619 −1.6% reduced BAC BANK OF AMER CORP Financial Services 0.2% $1.1m 39,739 −7.7% reduced CREW ENERGY no ticker – 0.1% $994k 282,780 0.0% held BRK/B BERKSHIRE HATHAWAY INC DEL – 0.1% $959k 3,107 0.0% held FIRST NATL BK OF ALASKA no ticker – 0.1% $949k 4,770 0.0% held TPHS TRINITY PL HLDGS INC Real Estate 0.1% $717k 1.49m −0.2% held VTRS VIATRIS INC Healthcare 0.1% $708k 73,637 −0.7% reduced CVX CHEVRON CORPORATION Energy 0.08% $530k 3,248 0.0% held PFS PROVIDENT FINL SVCS INC Financial Services 0.08% $527k 27,472 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.07% $517k 13,304 −4.7% reduced JP MORGAN CHASE no ticker – 0.07% $492k 3,775 +36% added PEYTO EXP & DEV no ticker – 0.07% $473k 52,807 0.0% held RFL RAFAEL HLDGS INC Real Estate 0.06% $434k 279,534 −0.7% reduced NAVI NAVIENT CORPORATION Financial Services 0.05% $372k 23,286 0.0% held PEP PEPSICO INC Consumer Defensive 0.05% $346k 1,900 0.0% held HOPE HOPE BANCORP INC Financial Services 0.04% $304k 31,000 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $283k 1,900 −15% reduced ZDGE ZEDGE INC – 0.03% $235k 120,648 −1.0% reduced NAM TAI PPTY INC no ticker – 0.03% $181k 85,990 −1.5% reduced GBCI GLACIER BANCORP INC NEW Financial Services 0.03% $180k 4,320 0.0% held T AT&T INC Communication Services 0.02% $128k 6,635 −62% reduced LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $60.0k 10,000 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.01% $56.0k 1,476 −82% reduced IDW MEDIA no ticker – 0.01% $50.1k 69,416 −1.7% reduced
Sector mix Healthcare 28.3% Financial Services 23.2% Unclassified 22.0% Energy 17.6% Industrials 5.2% Communication Services 1.9% Technology 0.9% Utilities 0.6% Real Estate 0.2% Consumer Defensive 0.10% 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