Kahn Brothers
Thomas KahnNEW YORK, NYfiles as KAHN BROTHERS GROUP INC
$633m in 48 US stocks at the end of 30 June 2026. The top 10 are 78.7% of the money. It changed about 7.8% of the portfolio this quarter.
Value
$633m
Stocks
48
Top 10 share
78.7%
Turnover
7.8%
What changed this quarter
New
Bought for the first time this quarter.
- Webster FinancialWBS<0.1% of the fund
Added
Bought more of a stock they already held.
- Zillow GroupZ5.9% of the fund+117%
- MbiaMBI4.3% of the fund+105%
- Seaport Entertainment GroupSEG3.9% of the fund+3%
- Bristol-Myers SquibbBMY1.6% of the fund+2%
- JPMorgan ChaseJPM0.1% of the fund+2%
- MicrosoftMSFT0.1% of the fund+4%
- HaleonHLN<0.1% of the fund+3%
- Rafael HoldingsRFL<0.1% of the fund+157%
- WindrockWRLC<0.1% of the fund+50%
Cut
Sold some of their stake.
- OrganonOGN5.7% of the fund-52%
- Walt DisneyDIS5.5% of the fund-5%
- MerckMRK4.4% of the fund-4%
- SeaboardSEB3.8% of the fund-8%
- IDTIDT3.2% of the fund-6%
- PfizerPFE1.8% of the fund-4%
- ExxonMobil HoldingsXOM0.4% of the fund-3%
- Genie EnergyGNE0.3% of the fund-13%
- CSXCSX0.3% of the fund-5%
- Procter & GamblePG<0.1% of the fund-5%
Sold out
Sold their entire stake.
- ComcastCMCSA-100%
Holdings
- Bayer AG Sponsored ADRBAYRY
- Share
- 14.1%
- Value
- $89m
- Shares
- 6,518,603
Held
- GSKGSK
- Share
- 1.3%
- Value
- $8m
- Shares
- 158,438
Held
- Fairfax Finl Hldgs LTD SUB VTGFRFHF
- Share
- 0.3%
- Value
- $2m
- Shares
- 1,018
Held
- First National Bank AlaskaFBAK
- Share
- 0.2%
- Value
- $2m
- Shares
- 4,920
Held
- Tourmaline OilTRMLF
- Share
- 0.2%
- Value
- $1m
- Shares
- 26,959
Held
- HaleonHLN
- Share
- <0.1%
- Value
- $544,321
- Shares
- 58,341
+3%
- Peyto Expl & DevPEYUF
- Share
- <0.1%
- Value
- $522,150
- Shares
- 31,307
Held
- WindrockWRLC
- Share
- <0.1%
- Value
- $443,841
- Shares
- 807
+50%
- Webster FinancialWBS
- Share
- <0.1%
- Value
- $332,350
- Shares
- 4,349
New
- Pine Cliff Energy LTD ComPIFYF
- Share
- <0.1%
- Value
- $208,938
- Shares
- 520,000
Held
- Tphgreenwich Trust Uni
- Share
- 0.0%
- Value
- $0
- Shares
- 166,999
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CitigroupC | 18.5% | $117m | 836,337 | Held |
| Bayer AG Sponsored ADRBAYRY | 14.1% | $89m | 6,518,603 | Held |
| Flagstar Bank, National AssociationFLG | 9.6% | $61m | 4,074,720 | Held |
| AlphabetGOOG | 6.8% | $43m | 120,906 | Held |
| Zillow GroupZ | 5.9% | $37m | 1,182,261 | +117% |
| OrganonOGN | 5.7% | $36m | 2,670,523 | -52% |
| Walt DisneyDIS | 5.5% | $35m | 359,092 | -5% |
| MerckMRK | 4.4% | $28m | 218,182 | -4% |
| MbiaMBI | 4.3% | $27m | 4,213,920 | +105% |
| Seaport Entertainment GroupSEG | 3.9% | $24m | 917,005 | +3% |
| SeaboardSEB | 3.8% | $24m | 5,389 | -8% |
| BPBP | 3.7% | $23m | 624,999 | Held |
| IDTIDT | 3.2% | $20m | 351,660 | -6% |
| Patterson UTI EnergyPTEN | 2.4% | $15m | 1,663,758 | Held |
| PfizerPFE | 1.8% | $11m | 464,001 | -4% |
| Bristol-Myers SquibbBMY | 1.6% | $10m | 174,152 | +2% |
| GSKGSK | 1.3% | $8m | 158,438 | Held |
| ExxonMobil HoldingsXOM | 0.4% | $2m | 17,655 | -3% |
| Genie EnergyGNE | 0.3% | $2m | 151,941 | -13% |
| Novartis AGNVS | 0.3% | $2m | 13,186 | Held |
| Fairfax Finl Hldgs LTD SUB VTGFRFHF | 0.3% | $2m | 1,018 | Held |
| CSXCSX | 0.3% | $2m | 34,781 | -5% |
| First National Bank AlaskaFBAK | 0.2% | $2m | 4,920 | Held |
| Tourmaline OilTRMLF | 0.2% | $1m | 26,959 | Held |
| JPMorgan ChaseJPM | 0.1% | $942,055 | 2,878 | +2% |
| AppleAAPL | 0.1% | $894,701 | 3,092 | Held |
| MicrosoftMSFT | 0.1% | $808,707 | 2,168 | +4% |
| SEI InvestmentsSEIC | <0.1% | $578,535 | 6,596 | Held |
| HaleonHLN | <0.1% | $544,321 | 58,341 | +3% |
| Bank of AmericaBAC | <0.1% | $538,973 | 9,459 | Held |
| Peyto Expl & DevPEYUF | <0.1% | $522,150 | 31,307 | Held |
| Rafael HoldingsRFL | <0.1% | $493,617 | 150,493 | +157% |
| WindrockWRLC | <0.1% | $443,841 | 807 | +50% |
| International Business MachinesIBM | <0.1% | $345,325 | 1,228 | Held |
| Deutsche Bank AktiengesellschaftDB | <0.1% | $337,600 | 10,000 | Held |
| Webster FinancialWBS | <0.1% | $332,350 | 4,349 | New |
| PNC Financial Services GroupPNC | <0.1% | $330,427 | 1,342 | Held |
| ChevronCVX | <0.1% | $323,729 | 1,953 | Held |
| Orange County BancorpOBT | <0.1% | $294,240 | 8,000 | Held |
| Public Service Enterprise GroupPEG | <0.1% | $286,007 | 3,524 | Held |
| BlackstoneBX | <0.1% | $270,641 | 2,300 | Held |
| Antero MidstreamAM | <0.1% | $268,586 | 11,806 | Held |
| Procter & GamblePG | <0.1% | $256,913 | 1,752 | -5% |
| PepsiCoPEP | <0.1% | $243,720 | 1,800 | Held |
| ZedgeZDGE | <0.1% | $242,190 | 78,126 | Held |
| Verizon CommunicationsVZ | <0.1% | $240,575 | 5,682 | Held |
| Pine Cliff Energy LTD ComPIFYF | <0.1% | $208,938 | 520,000 | Held |
| Tphgreenwich Trust Uni | 0.0% | $0 | 166,999 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 27.1% since 30 June 2025.
Where the money is
Financial services33.0%
Media & telecom15.5%
Health care13.9%
Energy6.5%
Technology6.3%
Industrials4.1%
Retail & consumer3.9%
Utilities0.4%
Everyday goods0.1%
Other16.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.