Funds › Kahn Brothers › Q4 2024Kahn Brothers 13F holdings, Q4 2024 Kahn Brothers disclosed 51 US equity positions worth $460.4m in its Q4 2024 13F filing. Its largest position is C at 13.9% of the reported book, followed by MRK and DIS. Versus Q3 2024 it opened 3 new positions, added to 10, reduced 23 and exited 4.
$460m 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.
13.9% Largest position The largest single position as a share of the reported equity book.
78.7% 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 Q3 2024: 3 new , 10 added , 23 reduced , 4 exited
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Stock Sector Weight Value Shares Δ shares Action C CITIGROUP INC Financial Services 13.9% $63.8m 906,779 −24% reduced MRK MERCK & CO. INC Healthcare 11.0% $50.6m 508,908 −12% reduced DIS DISNEY WALT CO Communication Services 8.5% $39.3m 353,026 −13% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 8.5% $39.0m 690,252 −16% reduced BP BP PLC Energy 7.7% $35.2m 1.19m −25% reduced FLG FLAGSTAR BANK NATIONAL ASSOC Financial Services 7.2% $33.2m 3.56m – new GSK PLC no ticker – 6.5% $29.9m 884,708 −16% reduced AGO ASSURED GUARANTY LTD Financial Services 5.6% $25.7m 285,573 −3.2% reduced OGN ORGANON & CO Healthcare 5.1% $23.4m 1.57m −15% reduced BAYER AG SPONS ADR no ticker – 4.8% $22.0m 4.51m −13% reduced SEB SEABOARD CORP DEL Industrials 4.8% $21.9m 9,018 −0.2% held PFE PFIZER INC Healthcare 4.4% $20.2m 761,090 −24% reduced PTEN PATTERSON-UTI ENERGY INC Energy 3.6% $16.5m 2.00m −11% reduced IDT IDT CORP Communication Services 2.5% $11.4m 238,881 −28% reduced GNE GENIE ENERGY LTD Utilities 0.7% $3.4m 216,944 −25% reduced HO1 HOLOGIC INC – 0.5% $2.1m 29,591 +16% added NVS NOVARTIS AG Healthcare 0.4% $2.1m 21,181 +20% added HLN HALEON PLC Healthcare 0.4% $1.9m 203,033 −16% reduced WED WEBSTER FINL CORP – 0.4% $1.8m 32,496 +52% added CSX CSX CORP Industrials 0.3% $1.6m 49,820 0.0% held EXMOC EXXON MOBIL CORP – 0.3% $1.5m 13,974 −2.5% reduced FIRST NATL BK OF ALASKA no ticker – 0.3% $1.5m 6,290 +32% added FAIRFAX FINANCIAL no ticker – 0.3% $1.4m 1,018 0.0% held AR ANTERO RESOURCES CORP Energy 0.2% $1.1m 30,156 0.0% held BAC BANK OF AMER CORP Financial Services 0.2% $854k 19,430 +4.6% added VOXXGUSD VOXX INTL CORP – 0.2% $846k 114,676 +10% added TOURMANLINE OIL CORP no ticker – 0.2% $801k 17,308 – new MSFT MICROSOFT CORP Technology 0.2% $775k 1,839 0.0% held JP MORGAN CHASE no ticker – 0.2% $707k 2,950 0.0% held AAPL APPLE INC Technology 0.2% $699k 2,792 +12% added VZ VERIZON COMMUNICATIONS INC Communication Services 0.10% $459k 11,476 +5.8% added SEIC SEI INVESTMENTS CO Financial Services 0.09% $425k 5,147 0.0% held PEG PUBLIC SVC ENTERPRISE GROUP Utilities 0.08% $382k 4,524 +0.5% added IBM INTERNATIONAL BUSINESS MACHS Technology 0.07% $331k 1,508 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.07% $323k 1,673 +15% added NAVI NAVIENT CORPORATION Financial Services 0.06% $292k 22,000 0.0% held AM ANTERO MIDSTREAM CORP Energy 0.06% $285k 18,856 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $285k 1,700 0.0% held RFL RAFAEL HLDGS INC Real Estate 0.06% $277k 167,461 −37% reduced PEP PEPSICO INC Consumer Defensive 0.06% $274k 1,800 −5.3% reduced ZDGE ZEDGE INC – 0.06% $261k 89,065 −19% reduced LWAY LIFEWAY FOODS INC Consumer Defensive 0.05% $248k 10,000 0.0% held CI THE CIGNA GROUP Healthcare 0.05% $244k 884 −6.1% reduced PEYTO EXP & DEV no ticker – 0.05% $236k 19,807 0.0% held OBT ORANGE CNTY BANCORP INC – 0.05% $222k 4,000 0.0% held NAM TAI PPTY INC no ticker – 0.04% $171k 36,040 −58% reduced DEUTSCHE BK AG no ticker – 0.04% $170k 10,000 0.0% held GTX GARRETT MOTION INC Consumer Cyclical 0.03% $119k 13,218 −7.1% reduced MBI MBIA INC Financial Services 0.01% $68.5k 10,600 – new TPHS TRINITY PL HLDGS INC Real Estate 0.01% $40.3k 604,418 −60% reduced
Exited since Q3 2024 4 rows
Stock Prior weight Prior value NYCBEUR NEW YORK CMNTY BANCORP INC 8.1% $47.2m CREW ENERGY no ticker 0.1% $801k VTRS VIATRIS INC 0.03% $159k PINE CLIFF ENERGY no ticker 0.02% $95.0k
Sector mix Healthcare 29.9% Financial Services 27.1% Unclassified 13.8% Energy 11.5% Communication Services 11.1% Industrials 5.1% Utilities 0.8% Technology 0.4% Consumer Defensive 0.2% Real Estate 0.07% 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