Funds › Kahn Brothers › Q2 2024Kahn Brothers 13F holdings, Q2 2024 Kahn Brothers disclosed 51 US equity positions worth $595.0m in its Q2 2024 13F filing. Its largest position is C at 12.7% of the reported book, followed by MRK and BP. Versus Q1 2024 it opened 1 new position, added to 8, reduced 27 and exited 2.
$595m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
51 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.7% Largest position The largest single position as a share of the reported equity book.
76.4% 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 Q1 2024: 1 new , 8 added , 27 reduced , 2 exited
50 of 51 Show all 51
Stock Sector Weight Value Shares Δ shares Action C CITIGROUP INC Financial Services 12.7% $75.8m 1.19m −0.4% held MRK MERCK & CO. INC Healthcare 12.3% $73.3m 591,911 −3.6% reduced BP BP PLC Energy 10.0% $59.2m 1.64m −1.5% reduced GSK PLC no ticker – 8.0% $47.8m 1.24m −1.0% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 6.6% $39.3m 12.21m +97% added OGN ORGANON & CO Healthcare 5.8% $34.4m 1.66m +41% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 5.8% $34.4m 827,258 −0.6% reduced BAYER AG SPONS ADR no ticker – 5.2% $30.8m 4.37m +41% added MBI MBIA INC Financial Services 5.1% $30.6m 5.57m +7.6% added SEB SEABOARD CORP DEL Industrials 4.9% $29.2m 9,225 +1.9% added PFE PFIZER INC Healthcare 4.7% $28.0m 1.00m −2.0% reduced PTEN PATTERSON-UTI ENERGY INC Energy 4.0% $24.0m 2.32m −12% reduced AGO ASSURED GUARANTY LTD Financial Services 3.9% $23.2m 301,087 −69% reduced DIS DISNEY WALT CO Communication Services 3.7% $21.9m 220,903 +135% added IDT IDT CORP Communication Services 2.0% $11.9m 331,507 −4.1% reduced VOXXGUSD VOXX INTL CORP – 0.9% $5.6m 1.76m −38% reduced GNE GENIE ENERGY LTD Utilities 0.7% $4.3m 291,665 −0.7% reduced HLN HALEON PLC Healthcare 0.3% $2.0m 246,147 −48% reduced HO1 HOLOGIC INC – 0.3% $1.9m 25,591 −3.4% reduced NVS NOVARTIS AG Healthcare 0.3% $1.9m 17,581 +14% added CSX CSX CORP Industrials 0.3% $1.7m 49,820 −1.0% reduced EXMOC EXXON MOBIL CORP – 0.3% $1.6m 14,326 +1.1% added FAIRFAX FINANCIAL no ticker – 0.2% $1.2m 1,018 0.0% held AR ANTERO RESOURCES CORP Energy 0.2% $984k 30,156 0.0% held FIRST NATL BK OF ALASKA no ticker – 0.2% $934k 4,770 0.0% held WED WEBSTER FINL CORP – 0.2% $908k 20,822 −79% reduced MSFT MICROSOFT CORP Technology 0.1% $817k 1,827 −3.9% reduced BAC BANK OF AMER CORP Financial Services 0.1% $749k 18,837 −44% reduced JP MORGAN CHASE no ticker – 0.1% $679k 3,357 −13% reduced AAPL APPLE INC Technology 0.09% $525k 2,492 0.0% held CREW ENERGY no ticker – 0.08% $457k 145,780 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.07% $403k 9,774 −2.5% reduced RFL RAFAEL HLDGS INC Real Estate 0.07% $387k 268,684 −0.6% reduced NAM TAI PPTY INC no ticker – 0.06% $341k 85,330 0.0% held ZDGE ZEDGE INC – 0.06% $338k 110,870 −3.5% reduced PEG PUBLIC SVC ENTERPRISE GROUP Utilities 0.06% $332k 4,500 0.0% held CI THE CIGNA GROUP Healthcare 0.06% $331k 476 −57% reduced NAVI NAVIENT CORPORATION Financial Services 0.05% $320k 22,000 −1.9% reduced PEP PEPSICO INC Consumer Defensive 0.05% $313k 1,900 0.0% held CVX CHEVRON CORPORATION Energy 0.05% $282k 1,800 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $280k 1,700 −15% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $271k 1,740 −9.6% reduced AM ANTERO MIDSTREAM CORP Energy 0.04% $262k 17,806 0.0% held OBT ORANGE CNTY BANCORP INC – 0.04% $212k 4,000 – new PEYTO EXP & DEV no ticker – 0.03% $190k 17,807 0.0% held TPHS TRINITY PL HLDGS INC Real Estate 0.03% $178k 1.53m 0.0% held VTRS VIATRIS INC Healthcare 0.03% $151k 14,155 −58% reduced LWAY LIFEWAY FOODS INC Consumer Defensive 0.02% $128k 10,000 0.0% held GTX GARRETT MOTION INC Consumer Cyclical 0.02% $105k 12,229 −43% reduced PINE CLIFF ENERGY no ticker – 0.02% $96.0k 129,731 0.0% held
Exited since Q1 2024 2 rows
Stock Prior weight Prior value EAGLE BULK SHIPPING INC no ticker 0.04% $279k GBCI GLACIER BANCORP INC NEW 0.04% $252k
Sector mix Healthcare 29.3% Unclassified 22.2% Financial Services 22.0% Energy 14.3% Communication Services 5.8% Industrials 5.2% Utilities 0.8% Technology 0.2% Consumer Defensive 0.1% Real Estate 0.10% Consumer Cyclical 0.02% 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