Funds › Kahn Brothers › Q3 2024Kahn Brothers 13F holdings, Q3 2024 Kahn Brothers disclosed 52 US equity positions worth $580.6m in its Q3 2024 13F filing. Its largest position is C at 12.8% of the reported book, followed by MRK and BP. Versus Q2 2024 it opened 3 new positions, added to 11, reduced 19 and exited 2.
$581m 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.
12.8% Largest position The largest single position as a share of the reported equity book.
81.0% 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 2024: 3 new , 11 added , 19 reduced , 2 exited
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Stock Sector Weight Value Shares Δ shares Action C CITIGROUP INC Financial Services 12.8% $74.3m 1.19m −0.7% reduced MRK MERCK & CO. INC Healthcare 11.4% $65.9m 580,488 −1.9% reduced BP BP PLC Energy 8.6% $49.9m 1.59m −3.1% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 8.1% $47.2m 4.21m −66% reduced BAYER AG SPONS ADR no ticker – 7.5% $43.7m 5.16m +18% added GSK PLC no ticker – 7.5% $43.3m 1.06m −15% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 7.4% $42.7m 826,108 −0.1% held DIS DISNEY WALT CO Communication Services 6.7% $39.0m 405,445 +84% added OGN ORGANON & CO Healthcare 6.0% $35.1m 1.84m +10% added PFE PFIZER INC Healthcare 5.0% $28.9m 997,025 −0.5% reduced SEB SEABOARD CORP DEL Industrials 4.9% $28.3m 9,034 −2.1% reduced AGO ASSURED GUARANTY LTD Financial Services 4.0% $23.5m 294,985 −2.0% reduced PTEN PATTERSON-UTI ENERGY INC Energy 3.0% $17.2m 2.25m −3.2% reduced IDT IDT CORP Communication Services 2.2% $12.6m 330,228 −0.4% held GNE GENIE ENERGY LTD Utilities 0.8% $4.7m 289,913 −0.6% reduced HLN HALEON PLC Healthcare 0.4% $2.6m 241,952 −1.7% reduced HO1 HOLOGIC INC – 0.4% $2.1m 25,591 0.0% held NVS NOVARTIS AG Healthcare 0.3% $2.0m 17,581 0.0% held CSX CSX CORP Industrials 0.3% $1.7m 49,820 0.0% held EXMOC EXXON MOBIL CORP – 0.3% $1.7m 14,326 0.0% held FAIRFAX FINANCIAL no ticker – 0.2% $1.3m 1,018 0.0% held WED WEBSTER FINL CORP – 0.2% $999k 21,437 +3.0% added FIRST NATL BK OF ALASKA no ticker – 0.2% $975k 4,770 0.0% held AR ANTERO RESOURCES CORP Energy 0.1% $864k 30,156 0.0% held CREW ENERGY no ticker – 0.1% $801k 150,780 +3.4% added MSFT MICROSOFT CORP Technology 0.1% $792k 1,839 +0.7% added BAC BANK OF AMER CORP Financial Services 0.1% $737k 18,576 −1.4% reduced VOXXGUSD VOXX INTL CORP – 0.1% $654k 103,808 −94% reduced JP MORGAN CHASE no ticker – 0.1% $622k 2,950 −12% reduced AAPL APPLE INC Technology 0.1% $581k 2,492 0.0% held RFL RAFAEL HLDGS INC Real Estate 0.09% $519k 267,596 −0.4% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.08% $487k 10,846 +11% added ZDGE ZEDGE INC – 0.07% $407k 110,148 −0.7% reduced PEG PUBLIC SVC ENTERPRISE GROUP Utilities 0.07% $401k 4,500 0.0% held SEIC SEI INVESTMENTS CO Financial Services 0.06% $356k 5,147 – new NAVI NAVIENT CORPORATION Financial Services 0.06% $343k 22,000 0.0% held IBM INTERNATIONAL BUSINESS MACHS Technology 0.06% $334k 1,508 – new CI THE CIGNA GROUP Healthcare 0.06% $326k 941 +98% added PEP PEPSICO INC Consumer Defensive 0.06% $323k 1,900 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $294k 1,700 0.0% held AM ANTERO MIDSTREAM CORP Energy 0.05% $284k 18,856 +5.9% added PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $270k 1,460 −16% reduced LWAY LIFEWAY FOODS INC Consumer Defensive 0.04% $259k 10,000 0.0% held PEYTO EXP & DEV no ticker – 0.04% $226k 19,807 +11% added NAM TAI PPTY INC no ticker – 0.04% $212k 84,830 −0.6% reduced OBT ORANGE CNTY BANCORP INC – 0.04% $212k 4,000 0.0% held DEUTSCHE BK AG no ticker – 0.03% $173k 10,000 – new VTRS VIATRIS INC Healthcare 0.03% $159k 13,623 −3.8% reduced GTX GARRETT MOTION INC Consumer Cyclical 0.02% $116k 14,229 +16% added PINE CLIFF ENERGY no ticker – 0.02% $95.0k 129,731 0.0% held
Exited since Q2 2024 2 rows
Stock Prior weight Prior value MBI MBIA INC 5.1% $30.6m CVX CHEVRON CORPORATION 0.05% $282k
Sector mix Healthcare 30.6% Unclassified 24.9% Financial Services 17.1% Energy 11.7% Communication Services 9.0% Industrials 5.2% Utilities 0.9% Technology 0.3% Consumer Defensive 0.2% 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