Funds › Kahn Brothers › Q1 2024Kahn Brothers 13F holdings, Q1 2024 Kahn Brothers disclosed 52 US equity positions worth $674.4m in its Q1 2024 13F filing. Its largest position is AGO at 12.6% of the reported book, followed by MRK and C. Versus Q4 2023 it opened 13 new positions, added to 5, reduced 21 and exited 3.
$674m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.6% Largest position The largest single position as a share of the reported equity book.
78.2% 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 2023: 13 new , 5 added , 21 reduced , 3 exited
50 of 52 Show all 52
Stock Sector Weight Value Shares Δ shares Action AGO ASSURED GUARANTY LTD Financial Services 12.6% $84.7m 970,580 −1.7% reduced MRK MERCK & CO. INC Healthcare 12.0% $81.0m 613,815 −1.7% reduced C CITIGROUP INC Financial Services 11.2% $75.9m 1.20m −0.8% reduced BP BP PLC Energy 9.3% $62.8m 1.67m −2.8% reduced GSK PLC no ticker – 8.0% $53.7m 1.25m −0.5% held BMY BRISTOL-MYERS SQUIBB CO Healthcare 6.7% $45.1m 831,991 −0.2% held MBI MBIA INC Financial Services 5.2% $35.0m 5.18m +7.2% added PTEN PATTERSON-UTI ENERGY INC Energy 4.7% $31.7m 2.65m −24% reduced SEB SEABOARD CORP DEL Industrials 4.3% $29.2m 9,052 +1.0% added PFE PFIZER INC Healthcare 4.2% $28.4m 1.02m −0.3% held BAYER AG SPONS ADR no ticker – 3.5% $23.7m 3.10m +335% added VOXXGUSD VOXX INTL CORP – 3.4% $23.3m 2.85m −1.0% reduced OGN ORGANON & CO Healthcare 3.3% $22.2m 1.18m +3242% added NYCBEUR NEW YORK CMNTY BANCORP INC – 3.0% $20.0m 6.21m +0.9% added IDT IDT CORP Communication Services 1.9% $13.1m 345,548 −0.4% held DIS DISNEY WALT CO Communication Services 1.7% $11.5m 93,932 – new WED WEBSTER FINL CORP – 0.7% $5.0m 97,935 −3.1% reduced GNE GENIE ENERGY LTD Utilities 0.7% $4.4m 293,690 −0.7% reduced HLN HALEON PLC Healthcare 0.6% $4.0m 474,281 −27% reduced HO1 HOLOGIC INC – 0.3% $2.1m 26,491 −7.0% reduced CSX CSX CORP Industrials 0.3% $1.9m 50,320 0.0% held EXMOC EXXON MOBIL CORP – 0.2% $1.6m 14,167 −6.9% reduced NVS NOVARTIS AG Healthcare 0.2% $1.5m 15,413 −15% reduced BAC BANK OF AMER CORP Financial Services 0.2% $1.3m 33,901 −17% reduced FAIRFAX FINANCIAL no ticker – 0.2% $1.1m 1,018 – new FIRST NATL BK OF ALASKA no ticker – 0.1% $954k 4,770 0.0% held AR ANTERO RESOURCES CORP Energy 0.1% $875k 30,156 – new MSFT MICROSOFT CORP Technology 0.1% $801k 1,902 – new JP MORGAN CHASE no ticker – 0.1% $775k 3,867 −33% reduced CREW ENERGY no ticker – 0.07% $501k 145,780 0.0% held RFL RAFAEL HLDGS INC Real Estate 0.07% $465k 270,363 −0.6% reduced AAPL APPLE INC Technology 0.06% $427k 2,492 – new VZ VERIZON COMMUNICATIONS INC Communication Services 0.06% $421k 10,022 −25% reduced VTRS VIATRIS INC Healthcare 0.06% $401k 33,590 −36% reduced CI THE CIGNA GROUP Healthcare 0.06% $400k 1,101 – new NAVI NAVIENT CORPORATION Financial Services 0.06% $390k 22,421 −3.7% reduced NAM TAI PPTY INC no ticker – 0.05% $366k 85,330 −0.2% held PEP PEPSICO INC Consumer Defensive 0.05% $333k 1,900 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $325k 2,000 0.0% held ZDGE ZEDGE INC – 0.05% $318k 114,844 −1.0% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $311k 1,925 – new PEG PUBLIC SVC ENTERPRISE GROUP Utilities 0.04% $301k 4,500 – new CVX CHEVRON CORPORATION Energy 0.04% $284k 1,800 −26% reduced EAGLE BULK SHIPPING INC no ticker – 0.04% $279k 4,460 – new GBCI GLACIER BANCORP INC NEW Financial Services 0.04% $252k 6,264 – new AM ANTERO MIDSTREAM CORP Energy 0.04% $250k 17,806 – new TPHS TRINITY PL HLDGS INC Real Estate 0.03% $229k 1.53m +0.2% held GTX GARRETT MOTION INC Consumer Cyclical 0.03% $214k 21,481 – new PEYTO EXP & DEV no ticker – 0.03% $196k 17,807 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.03% $172k 10,000 0.0% held
Exited since Q4 2023 3 rows
Stock Prior weight Prior value BB BLACKBERRY LTD 0.7% $4.4m T AT&T INC 0.04% $281k CMCSA COMCAST CORP NEW 0.04% $281k
Sector mix Financial Services 29.3% Healthcare 27.1% Unclassified 19.9% Energy 14.2% Industrials 4.6% Communication Services 3.7% Utilities 0.7% Technology 0.2% Consumer Defensive 0.1% Real Estate 0.1% Consumer Cyclical 0.03% 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