Funds › Kahn Brothers › Q3 2023Kahn Brothers 13F holdings, Q3 2023 Kahn Brothers disclosed 43 US equity positions worth $640.9m in its Q3 2023 13F filing. Its largest position is NYCBEUR at 11.1% of the reported book, followed by BP and MRK. Versus Q2 2023 it opened 2 new positions, added to 7, reduced 23 and exited 2.
$641m 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.
11.1% Largest position The largest single position as a share of the reported equity book.
83.4% 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 2023: 2 new , 7 added , 23 reduced , 2 exited
43 rows
Stock Sector Weight Value Shares Δ shares Action NYCBEUR NEW YORK CMNTY BANCORP INC – 11.1% $71.4m 6.29m −0.9% reduced BP BP PLC Energy 10.7% $68.7m 1.77m −3.7% reduced MRK MERCK & CO. INC Healthcare 10.3% $65.8m 638,793 −1.5% reduced AGO ASSURED GUARANTY LTD Financial Services 9.7% $61.9m 1.02m −1.6% reduced PTEN PATTERSON-UTI ENERGY INC Energy 7.9% $50.4m 3.64m −5.1% reduced C CITIGROUP INC Financial Services 7.8% $50.0m 1.22m +0.7% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 7.7% $49.5m 851,699 −2.2% reduced GSK PLC no ticker – 7.3% $46.5m 1.28m +1.5% added SEB SEABOARD CORP DEL Industrials 5.5% $35.6m 9,474 −0.9% reduced PFE PFIZER INC Healthcare 5.5% $35.0m 1.06m −1.0% reduced MBI MBIA INC Financial Services 5.4% $34.7m 4.81m −0.6% reduced VOXXGUSD VOXX INTL CORP – 3.6% $23.1m 2.89m −1.1% reduced HLN HALEON PLC Healthcare 1.3% $8.6m 1.03m −19% reduced IDT IDT CORP Communication Services 1.2% $7.7m 349,063 −1.1% reduced BB BLACKBERRY LTD Technology 1.0% $6.5m 1.38m −1.9% reduced GNE GENIE ENERGY LTD Utilities 0.7% $4.4m 297,512 −1.5% reduced WED WEBSTER FINL CORP – 0.7% $4.3m 106,412 0.0% held NVS NOVARTIS AG Healthcare 0.3% $2.2m 21,578 0.0% held HO1 HOLOGIC INC – 0.3% $2.0m 28,491 −5.1% reduced EXMOC EXXON MOBIL CORP – 0.3% $1.8m 15,437 +11% added CSX CSX CORP Industrials 0.2% $1.6m 50,428 – new BAC BANK OF AMER CORP Financial Services 0.2% $1.0m 38,073 +17% added FIRST NATL BK OF ALASKA no ticker – 0.1% $897k 4,770 0.0% held OGN ORGANON & CO Healthcare 0.1% $892k 51,346 −14% reduced JP MORGAN CHASE no ticker – 0.1% $837k 5,775 +53% added VTRS VIATRIS INC Healthcare 0.1% $709k 68,988 −3.9% reduced CREW ENERGY no ticker – 0.10% $629k 145,780 −24% reduced CVX CHEVRON CORPORATION Energy 0.09% $548k 3,248 0.0% held TPHS TRINITY PL HLDGS INC Real Estate 0.08% $540k 1.48m −0.8% reduced RFL RAFAEL HLDGS INC Real Estate 0.08% $519k 273,210 −0.7% reduced VZ VERIZON COMMUNICATIONS INC Communication Services 0.06% $414k 12,779 −4.2% reduced NAM TAI PPTY INC no ticker – 0.06% $408k 85,890 0.0% held NAVI NAVIENT CORPORATION Financial Services 0.06% $401k 23,286 0.0% held SEI INVESTMENTS no ticker – 0.06% $398k 6,600 – new PEP PEPSICO INC Consumer Defensive 0.05% $322k 1,900 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $292k 2,000 +5.3% added ZDGE ZEDGE INC – 0.04% $255k 116,434 −1.1% reduced PEYTO EXP & DEV no ticker – 0.03% $180k 17,807 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.02% $103k 10,000 0.0% held T AT&T INC Communication Services 0.02% $99.7k 6,635 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.01% $65.4k 6,272 +325% added IDW MEDIA no ticker – 0.01% $40.5k 67,352 −1.0% reduced VRAYQ VIEWRAY INC Healthcare 0.0% $17.0k 2.05m −0.1% held
Exited since Q2 2023 2 rows
Stock Prior weight Prior value HOPE HOPE BANCORP INC 0.04% $261k GBCI GLACIER BANCORP INC NEW 0.03% $180k
Sector mix Healthcare 25.4% Unclassified 23.8% Financial Services 23.1% Energy 18.7% Industrials 5.8% Communication Services 1.3% Technology 1.0% Utilities 0.7% Real Estate 0.2% 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