Skip to content
berrytrail

Search

Search managers or tickers

Kahn Brothers

Q2 2024 13F · by Thomas Kahn, portfolio manager

As of
Jun 30, 2024
Filed
Aug 14, 2024
US stock
$595M · prev $674M
Positions
52 · prev 53
Options notional
$0
Documents
1· no amendments

Picture86.1% US stock

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

  • US stock listed on a US exchange 86.1%
  • Foreign stock not listed in the US 13.9%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves39 since the prior filing

The book

Concentrated · behaves like 14 equal-sized positions

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

Moderate turnover · 36% a year, about 2.8 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions50% of US stock

  1. C Citigroup Inc. trimmed+1.49 pp trimmed+1.4912.7%
  2. MRK Merck & Co., Inc. trimmed+0.31 pp trimmed+0.3112.3%
  3. BP BP p.l.c. trimmed+0.64 pp trimmed+0.649.9%
  4. unresolved Glaxosmithkline PLC trimmed+0.06 pp trimmed+0.068.0%
  5. NYCB Flagstar Bank, National Association added+3.64 pp added+3.646.6%

Positions52 in this filing · 2 exited

CCitigroup Inc.12.74%1,194,852$76Mtrimmed−0%+1.49 pp10 q
MRKMerck & Co., Inc.12.32%591,911$73Mtrimmed−4%+0.31 pp10 q
BPBP p.l.c.9.95%1,640,402$59Mtrimmed−2%+0.64 pp31 q
unresolvedGlaxosmithkline PLC8.03%1,241,261$48Mtrimmed−1%+0.06 pp31 q
NYCBFlagstar Bank, National Association6.61%12,211,602$39Madded+97%+3.64 pp40 q
OGNOrganon & Co.5.78%1,661,023$34Madded+41%+2.49 pp13 q
BMYBristol-Myers Squibb Co.5.77%827,258$34Mtrimmed−1%−0.92 pp40 q
BAYRYBayer AG S/5.18%4,374,455$31Madded+41%+1.66 pp3 q
MBIMBIA Inc.5.14%5,570,263$31Madded+8%−0.05 pp40 q
SEBSeaboard Corporation4.90%9,225$29Madded+2%+0.57 pp40 q
PFEPfizer Inc.4.71%1,002,430$28Mtrimmed−2%+0.50 pp40 q
PTENPatterson-UTI Energy Inc4.04%2,320,854$24Mtrimmed−13%−0.66 pp40 q
AGOAssured Guaranty, LTD3.90%301,087$23Mtrimmed−69%−8.66 pp30 q
DISThe Walt Disney Company3.69%220,903$22Madded×2.4+1.99 pp2 q
IDTIDT Corporation Class B2.00%331,507$12Mtrimmed−4%+0.06 pp10 q
VOXXVOXX International Corporation Class A0.94%1,761,704$6Mtrimmed−38%−2.51 pp40 q
GNEGenie Energy Ltd0.72%291,665$4Mtrimmed−1%+0.06 pp10 q
HLNHaleon plc0.34%246,147$2Mtrimmed−48%−0.26 pp8 q
HOLXHologic Inc0.32%25,591$2Mtrimmed−3%+0.01 pp40 q
NVSNovartis AG0.31%17,581$2Madded+14%+0.09 pp40 q
CSXCSX Corporation0.28%49,820$2Mtrimmed−1%0.00 pp4 q
XOMExxon Mobil Corp0.28%14,326$2Madded+1%+0.04 pp40 q
FRFHFFairfax Fincl Hldg S/VTG0.19%1,018$1Mheld—2 q
ARAntero Resources Corporation0.17%30,156$984,000held—2 q
FBAKFirst Nb Alaska0.16%4,770$934,000held—21 q
WEDWebster Financial Corp0.15%20,822$908,000trimmed−79%−0.59 pp10 q
MSFTMicrosoft Corp0.14%1,827$816,602trimmed−4%+0.02 pp2 q
BACBank of America Corporation0.13%18,837$749,412trimmed−44%−0.06 pp31 q
unresolvedJp Morgan Chase0.11%3,357$679,000trimmed−13%0.00 pp18 q
AAPLApple Inc.0.09%2,492$525,000held—2 q
CRCrew Energy Inc0.08%145,780$457,000held—22 q
RFLRafael Holdings, Inc. Class B0.07%268,684$387,142trimmed−1%0.00 pp26 q
VZVerizon Communications0.07%9,774$403,000trimmed−2%+0.01 pp21 q
CIThe Cigna Group0.06%476$330,570trimmed−57%0.00 pp2 q
PEGPublic Service Enterprise Group Incorporated0.06%4,500$332,000held—2 q
ZDGEZedge, Inc.0.06%110,870$338,265trimmed−3%+0.01 pp33 q
NTPIFNam Tai Property Inc0.06%85,330$341,000held—7 q
CVXChevron Corporation0.05%1,800$282,000held—40 q
NAVINavient Corporation0.05%22,000$320,320trimmed−2%−0.01 pp40 q
PNCPNC Financial Services Group0.05%1,740$271,000trimmed−10%0.00 pp2 q
PEPPepsiCo, Inc.0.05%1,900$313,000held—20 q
PGProcter & Gamble Company0.05%1,700$280,000trimmed−15%0.00 pp10 q
AMAntero Midstream Corporation0.04%17,806$262,000held—2 q
OBTOrange County Bancorp, Inc.0.04%4,000$212,000new+0.04 ppnew
PEYUFPeyto Expl & Dev Corp0.03%17,807$190,000held—20 q
TPHSTrinity Place Hldgs Inc0.03%1,525,684$178,349held—40 q
VTRSViatris Inc.0.03%14,155$150,910trimmed−58%−0.03 pp15 q
GTXGarrett Motion Inc.0.02%12,229$105,000trimmed−43%−0.01 pp2 q
LWAYLifeway Foods Inc0.02%10,000$128,000held—21 q
PIFYFPine Cliff Energy Ltd0.02%129,731$96,000held—2 q
unresolvedIdw Media0.00%63,940$19,605trimmed−3%0.00 pp36 q
VRAYQViewray Inc0.00%353,744$0held—21 q
GBCIGlacier Bancorp Inc—−6,264—exited−0.04 pp—
EGLEEagle Bulk Shipping Inc—−4,460—exited−0.04 pp—

Source

Form
13F-HR
Reading
12 defects · 3 unresolved
Accession
0001039565-24-000012
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 44625H100
  • A security outside the official 13F list — CUSIP 072730302 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 226533107 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 303901102 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 32112J106 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 37733W105 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 44625H100 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 44951N106 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 717046106 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 722524105 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP 92672L107 not on the Official 13(f) List for 2024-06-30
  • A security outside the official 13F list — CUSIP G63907102 not on the Official 13(f) List for 2024-06-30