Skip to content
berrytrail

Search

Search managers or tickers

Kahn Brothers

Q4 2017 13F · by Thomas Kahn, portfolio manager

As of
Dec 31, 2017
Filed
Jan 25, 2018
US stock
$637M · prev $655M
Positions
31 · prev 34
Options notional
$0
Documents
1· no amendments

Picture78.4% US stock

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

  • US stock listed on a US exchange 78.4%
  • Foreign stock not listed in the US 21.6%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves29 since the prior filing

The book

Concentrated · behaves like 15 equal-sized positions

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

Low turnover · 10% a year, about 9.5 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions45% of US stock

  1. unresolved Citigroup Inc trimmed+0.31 pp trimmed+0.3111.5%
  2. BP BP p.l.c. trimmed+1.02 pp trimmed+1.029.3%
  3. NYT New York Times Co. trimmed−0.87 pp trimmed−0.878.4%
  4. unresolved Merck added−0.86 pp added−0.868.1%
  5. BB BlackBerry Limited added+0.40 pp added+0.408.0%

Positions31 in this filing · 3 exited

unresolvedCitigroup Inc11.48%981,898$73Mtrimmed−2%+0.31 pp14 q
BPBP p.l.c.9.29%1,407,055$59Mtrimmed−2%+1.02 pp5 q
NYTNew York Times Co.8.45%2,907,446$54Mtrimmed−7%−0.87 pp14 q
unresolvedMerck8.13%919,209$52Madded0%−0.86 pp14 q
BBBlackBerry Limited7.98%4,548,910$51Madded+2%+0.40 pp14 q
unresolvedGlaxosmithkline PLC6.35%1,139,163$40Madded+12%+0.02 pp5 q
AGOAssured Guaranty, LTD5.65%1,062,549$36Madded+18%+0.45 pp4 q
SEBSeaboard Corporation5.43%7,839$35Mtrimmed−1%0.00 pp14 q
MBIMBIA Inc.5.28%4,590,028$34Madded+6%−0.48 pp14 q
PTENPatterson-UTI Energy Inc5.03%1,392,012$32Madded+8%+0.91 pp14 q
HOLXHologic Inc4.64%691,667$30Mtrimmed−5%+0.54 pp14 q
NYCBFlagstar Bank, National Association3.89%1,900,387$25Mtrimmed−3%+0.04 pp14 q
NTPIFNam Tai Property Inc3.66%1,855,255$23Mtrimmed−7%+1.24 pp14 q
STLSterling Bancorp3.45%891,749$22Mtrimmed−3%−0.02 pp14 q
VOXXVOXX International Corporation Class A3.24%3,678,225$21Madded+1%−1.53 pp14 q
PFEPfizer Inc.3.16%554,606$20Mtrimmed−1%+0.12 pp14 q
unresolvedIdt Corp Cl B1.07%642,376$7Madded+19%−0.10 pp14 q
TPHSTrinity Place Hldgs Inc1.06%968,129$7Mheld—14 q
unresolvedIdw Media0.57%78,578$4Madded0%−0.01 pp10 q
unresolvedStraight Path Comm0.51%17,950$3Mtrimmed−68%−1.04 pp14 q
NVSNovartis AG0.35%26,610$2Madded+2%+0.01 pp14 q
unresolvedGenie Energy0.28%406,052$2Madded0%−0.13 pp14 q
XOMExxon Mobil Corp0.22%17,034$1Madded+1%+0.01 pp14 q
BMYBristol-Myers Squibb Co.0.18%19,050$1Mheld—14 q
ORIOld Republic International Corporation0.16%48,000$1Mheld—14 q
BACBank of America Corporation0.13%27,623$815,431added+36%+0.05 pp5 q
NAVINavient Corporation0.11%53,316$710,769added+3%−0.01 pp14 q
CVXChevron Corporation0.08%4,048$506,769held—14 q
unresolvedAmerican Tel & Tel0.06%10,526$409,251held—5 q
CMCSAComcast Corp0.06%9,604$384,640trimmed−50%−0.05 pp14 q
ZDGEZedge, Inc.0.06%138,807$381,622trimmed−0%+0.02 pp7 q
unresolvedAstoria Financial—−11,185—exited−0.04 pp—
unresolvedMonsanto—−1,782—exited−0.03 pp—
IBMInternational Business Machines Corporation—−50—exited0.00 pp—

Source

Form
13F-HR
Reading
2 defects · 8 unresolved
Accession
0001039565-18-000004
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet
  • A row was set aside — invalid CUSIP 903514344
  • A row was set aside — invalid CUSIP 448847309