Funds › Kahn Brothers › Q1 2026Kahn Brothers 13F holdings, Q1 2026 Kahn Brothers disclosed 47 US equity positions worth $564.1m in its Q1 2026 13F filing. Its largest position is C at 16.9% of the reported book, followed by Bayer AG Spons ADR and FLG. Versus Q4 2025 it opened 1 new position, added to 4, reduced 31 and exited 7.
$564m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
47 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.9% 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.
12 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 2025: 1 new , 4 added , 31 reduced , 7 exited
47 rows
Stock Sector Weight Value Shares Δ shares Action C CITIGROUP INC Financial Services 16.9% $95.4m 840,897 −4.0% reduced Bayer AG Spons ADR no ticker – 13.3% $74.8m 6.51m −3.6% reduced FLG FLAGSTAR BANK NATIONAL ASSOC Financial Services 9.5% $53.8m 4.08m −2.2% reduced DIS DISNEY WALT CO Communication Services 6.5% $36.5m 378,909 −3.9% reduced GOOG ALPHABET INC Communication Services 6.2% $35.0m 122,029 −9.9% reduced SEB SEABOARD CORP DEL Industrials 5.9% $33.2m 5,871 −19% reduced OGN ORGANON & CO Healthcare 5.9% $33.2m 5.54m +53% added BP BP PLC Energy 5.2% $29.2m 622,256 −40% reduced MRK MERCK & CO. INC Healthcare 4.8% $27.3m 227,288 −47% reduced Z ZILLOW GROUP INC Communication Services 4.0% $22.6m 545,212 – new SEG SEAPORT ENTMT GROUP INC Real Estate 3.4% $19.2m 893,227 +52% added PTEN PATTERSON-UTI ENERGY INC Energy 3.2% $18.3m 1.69m −3.0% reduced IDT IDT CORP Communication Services 3.2% $18.3m 372,566 −5.0% reduced PFE PFIZER INC Healthcare 2.4% $13.6m 484,733 −12% reduced MBI MBIA INC Financial Services 2.2% $12.2m 2.06m +100% added BMY BRISTOL-MYERS SQUIBB CO Healthcare 1.8% $10.3m 170,381 −16% reduced GSK GSK PLC Healthcare 1.6% $8.9m 160,982 −9.9% reduced EXMOC EXXON MOBIL CORP – 0.5% $3.1m 18,255 −9.7% reduced GNE GENIE ENERGY LTD Utilities 0.4% $2.5m 175,011 −8.0% reduced NVS NOVARTIS AG Healthcare 0.4% $2.0m 13,386 −2.1% reduced Fairfax Finl HLDGS LTD Sub VTG no ticker – 0.3% $1.7m 1,018 0.0% held CSX CSX CORP Industrials 0.3% $1.5m 36,481 −2.8% reduced First Natl BK Alaska Com no ticker – 0.3% $1.5m 4,920 0.0% held Tourmaline Oil Corp no ticker – 0.2% $1.3m 26,959 0.0% held JPM JPMORGAN CHASE & CO Financial Services 0.1% $829k 2,818 −19% reduced AAPL APPLE INC Technology 0.1% $785k 3,092 0.0% held MSFT MICROSOFT CORP Technology 0.1% $774k 2,092 −13% reduced Peyto Expl & Dev Corp no ticker – 0.1% $610k 31,307 −1.7% reduced HLN HALEON PLC Healthcare 0.1% $565k 56,431 −14% reduced SEIC SEI INVESTMENTS CO Financial Services 0.09% $518k 6,596 0.0% held BAC BANK OF AMER CORP Financial Services 0.08% $461k 9,459 −9.8% reduced CVX CHEVRON CORPORATION Energy 0.07% $404k 1,953 −2.5% reduced DEUTSCHE BK AG no ticker – 0.05% $298k 10,000 0.0% held IBM INTERNATIONAL BUSINESS MACHS Technology 0.05% $298k 1,228 0.0% held PEG PUBLIC SVC ENTERPRISE GROUP Utilities 0.05% $285k 3,524 −20% reduced VZ VERIZON COMMUNICATIONS INC Communication Services 0.05% $285k 5,682 −30% reduced PEP PEPSICO INC Consumer Defensive 0.05% $280k 1,800 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $279k 1,342 −41% reduced AM ANTERO MIDSTREAM CORP Energy 0.05% $269k 11,806 −37% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $268k 1,852 −0.8% reduced BX BLACKSTONE INC Financial Services 0.05% $264k 2,300 0.0% held OBT ORANGE CNTY BANCORP INC – 0.05% $256k 8,000 0.0% held Pine Cliff Energy LTD Com no ticker – 0.04% $253k 520,000 0.0% held Windrock LTD Co no ticker – 0.04% $252k 537 −5.6% reduced ZDGE ZEDGE INC – 0.04% $228k 77,928 −5.6% reduced CMCSA COMCAST CORP NEW Communication Services 0.04% $206k 7,169 +2.0% added RFL RAFAEL HLDGS INC Real Estate 0.01% $73.2k 58,557 −1.2% reduced
Exited since Q4 2025 7 rows
Stock Prior weight Prior value WED WEBSTER FINL CORP 0.3% $1.9m NVDA NVIDIA CORPORATION 0.06% $325k AGO ASSURED GUARANTY LTD 0.05% $279k NAVI NAVIENT CORPORATION 0.05% $268k BN BROOKFIELD CORP 0.04% $233k AXP AMERICAN EXPRESS CO 0.04% $226k AR ANTERO RESOURCES CORP 0.04% $215k
Sector mix Financial Services 29.0% Communication Services 20.0% Healthcare 17.0% Unclassified 14.9% Energy 8.5% Industrials 6.2% Real Estate 3.4% Utilities 0.5% Technology 0.3% Consumer Defensive 0.10% 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