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Kahn Brothers

Q2 2013 13F · by Thomas Kahn, portfolio manager

As of
Jun 30, 2013
Filed
Aug 9, 2013
US stock
$648M
Positions
47
Options notional
$0
Documents
1· no amendments

Picture68.5% US stock

Partial picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 68.5%
  • Foreign stock not listed in the US 31.5%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves

First filing on record. Nothing to compare against.

The book

Concentrated · behaves like 14 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Turnover · first filing on record

  1. Low
  2. Moderate
  3. High

Top 5 positions48% of US stock

  1. PFE Pfizer Inc. held held11.0%
  2. unresolved Citigroup Inc held held10.1%
  3. NYT New York Times Co. held held9.2%
  4. unresolved Merck held held8.7%
  5. NYCB Flagstar Bank, National Association held held8.7%

Positions47 in this filing · 0 exited

PFEPfizer Inc.10.99%2,541,622$71Mheld—new
unresolvedCitigroup Inc10.07%1,360,203$65Mheld—new
NYTNew York Times Co.9.19%5,385,808$60Mheld—new
unresolvedMerck8.71%1,215,659$56Mheld—new
NYCBFlagstar Bank, National Association8.65%4,006,237$56Mheld—new
ORIOld Republic International Corporation6.78%3,412,517$44Mheld—new
MBIMBIA Inc.6.09%2,967,350$39Mheld—new
SEBSeaboard Corporation6.05%14,004$39Mheld—new
PTENPatterson-UTI Energy Inc5.79%1,939,880$38Mheld—new
unresolvedSlm Corp5.28%1,518,301$34Mheld—new
HOLXHologic Inc4.59%1,541,870$30Mheld—new
VOXXVOXX International Corporation Class A4.43%2,337,392$29Mheld—new
unresolvedNam Tai Property Inc3.23%3,736,917$21Mheld—new
unresolvedIdt Corp Cl B1.93%669,203$13Mheld—new
unresolvedProvident Bancorp1.64%1,139,040$11Mheld—new
unresolvedGenie Energy0.94%663,821$6Mheld—new
unresolvedAstec Indus0.67%126,000$4Mheld—new
unresolvedRstk Trinity Place Hldgs0.57%750,615$4Mheld—new
unresolvedBp PLC0.49%76,500$3Mheld—new
unresolvedU S G Corp0.43%120,000$3Mheld—new
BMYBristol-Myers Squibb Co.0.38%55,433$2Mheld—new
TPHSTrinity Place Hldgs Inc0.34%442,842$2Mheld—new
NVSNovartis AG0.33%30,368$2Mheld—new
unresolvedLandmark Savings Bank0.29%87,513$2Mheld—new
unresolvedFirst Niagara Finl Gp Inc0.26%168,632$2Mheld—new
XOMExxon Mobil Corp0.25%17,934$2Mheld—new
FL8Flushing Financial Corp0.17%68,479$1Mheld—new
CMCSAComcast Corp0.16%25,284$1Mheld—new
unresolvedPhi Inc Non-voting0.16%29,780$1Mheld—new
CVXChevron Corporation0.15%7,968$942,933held—new
DCOMDime Commercial Bancshares, Inc.0.14%58,677$898,931held—new
unresolvedMonsanto0.12%8,898$789,127held—new
unresolvedBank of America Corp0.11%57,021$733,291held—new
IBMInternational Business Machines Corporation0.10%3,283$627,414held—new
unresolvedAmerican Tel & Tel0.09%16,479$583,357held—new
unresolvedCtm Media Cl A0.07%10,378$454,556held—new
unresolvedQuestar Corp0.06%15,950$380,408held—new
unresolvedGeneral Electric Co0.05%15,000$347,850held—new
NEUNewMarket Corporation0.05%1,155$303,256held—new
unresolvedTcf Financial Corp0.05%24,364$345,482held—new
KEYKeyCorp0.04%26,036$287,437held—new
unresolvedAstoria Financial0.03%17,685$190,644held—new
TRVThe Travelers Companies, Inc.0.02%2,000$159,840held—new
unresolvedVolvo0.02%10,000$133,050held—new
unresolvedCfs Bancorp Inc.0.01%90,276$90,276held—new
unresolvedAmbac Financial0.00%100,000$3,800held—new
unresolvedFirst Place Financial0.00%13,426$64held—new

Source

Form
13F-HR
Reading
12 defects · 26 unresolved
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet
  • The filing disagrees with its own cover page — cover page declares value 646502996; table sums 648038211 (Δ 1535215) — kept, the table is the record
  • A row was set aside — invalid CUSIP 30177109
  • A row was set aside — invalid CUSIP 46265104
  • A row was set aside — invalid CUSIP 23139108
  • A row was set aside — invalid CUSIP 46224101
  • A row was set aside — invalid CUSIP 60505104
  • A row was set aside — invalid CUSIP 55622104
  • A row was set aside — invalid CUSIP 903514344
  • A row was set aside — invalid CUSIP 448847309
  • A row was set aside — invalid CUSIP 66166W101
  • A row was set aside — invalid CUSIP 78443P106
  • A row was set aside — invalid CUSIP 80656D911