Kahn Brothers
Portfolio value$632.7M
Positions48
QuarterQ2 2026ended 2026-06-30
Filed08/172026
Kahn Brothers Group Inc's Q2 2026 13F, filed Aug 17, 2026, reports 48 positions worth $632.7M. The ten largest are 78.7% of the book, led by Citigroup at 18.5%, Bayer Ag Spons Adr at 14.1% and Flagstar Financial, Inc. at 9.6%. Against Q1 2026: 1 bought, 12 added to, 16 reduced, 1 sold; the largest moves were reduced Organon & Co (−52%) and added Zillow Group Inc (+117%).
Where the money is
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Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| C | Citigroup INC | 18.5% | $117.1M836,337 sh | 139.96 → −11% | 8% overvalued | reduced −1% |
| BAYRY | Bayer AG Spons ADR | 14.1% | $89.3M6.5M sh | 13.70 | — | added +0% |
| FLG | Flagstar Financial, Inc. | 9.6% | $60.9M4.1M sh | 14.94 | — | reduced −0% |
| GOOG | Alphabet INC Class C | 6.8% | $42.7M120,906 sh | 353.33 → −5% | 49% overvalued | reduced −1% |
| Z | Zillow Group INC | 5.9% | $37.3M1.2M sh | 31.52 | — | added +117% |
| OGN | Organon & CO | 5.7% | $36.2M2.7M sh | 13.54 | — | reduced −52% |
| DIS | Walt Disney | 5.5% | $34.6M359,092 sh | 96.25 → +15% | 9% undervalued | reduced −5% |
| MRK | Merck & Co. Inc. | 4.4% | $28.0M218,182 sh | 128.50 → +14% | 24% undervalued | reduced −4% |
| MBI | M B I A INC | 4.3% | $27.5M4.2M sh | 6.52 | — | added +105% |
| SEG | Seaport Entmt Group | 3.9% | $24.4M917,005 sh | 26.60 | — | added +3% |
| SEB | Seaboard Corp | 3.8% | $24.1M5,389 sh | 4,464.33 | — | reduced −8% |
| BP | Bp PLC | 3.7% | $23.1M624,999 sh | 36.95 | — | added +0% |
| IDT | Idt Corp Class B | 3.2% | $20.5M351,660 sh | 58.16 | — | reduced −6% |
| PTEN | Patterson Uti Energy | 2.4% | $15.3M1.7M sh | 9.18 | — | reduced −2% |
| PFE | Pfizer | 1.8% | $11.2M464,001 sh | 24.08 → +23% | 3% undervalued | reduced −4% |
| BMY | Bristol-myers Squibb | 1.6% | $10.0M174,152 sh | 57.62 → +4% | 43% undervalued | added +2% |
| GSK | Gsk PLC ADR | 1.3% | $8.3M158,438 sh | 52.42 | — | reduced −2% |
| XOM | Exxonmobil | 0.4% | $2.4M17,655 sh | 136.72 → +31% | 13% overvalued | reduced −3% |
| GNE | Genie Energy LTD Class B | 0.3% | $2.2M151,941 sh | 14.45 | — | reduced −13% |
| NVS | Novartis AG | 0.3% | $2.1M13,186 sh | 156.72 | — | reduced −1% |
| FRFHF | Fairfax Finl Hldgs LTD Sub Vtg | 0.3% | $1.7M1,018 sh | 1,644.39 | — | held |
| CSX | Csx Corp Com | 0.3% | $1.7M34,781 sh | 47.53 → +2% | 94% overvalued | reduced −5% |
| FBAK | First Natl Bk Alaska | 0.2% | $1.6M4,920 sh | 316.20 | — | held |
| TRMLF | Tourmaline Oil Corp Com | 0.2% | $1.1M26,959 sh | 41.80 | — | held |
| JPM | Jpmorgan Chase | 0.1% | $942,0552,878 sh | 327.33 → +4% | 11% overvalued | added +2% |
| AAPL | Apple INC Com | 0.1% | $894,7013,092 sh | 289.36 → +19% | 114% overvalued | held |
| MSFT | Microsoft | 0.1% | $808,7072,168 sh | 373.02 → +42% | 10% overvalued | added +4% |
| SEIC | Sei Invt CO Pa Pv $0.01 | 0.1% | $578,5356,596 sh | 87.71 | — | held |
| HLN | Haleon PLC | 0.1% | $544,32158,341 sh | 9.33 | — | added +3% |
| BAC | Bank Of America Corp | 0.1% | $538,9739,459 sh | 56.98 → −10% | 1% overvalued | held |
| PEYUF | Peyto Expl & Dev Corp | 0.1% | $522,15031,307 sh | 16.68 | — | held |
| RFL | Rafael Holdings INC Class B | 0.1% | $493,617150,493 sh | 3.28 | — | added +157% |
| WRLC | Windrock LTD CO | 0.1% | $443,841807 sh | 549.99 | — | added +50% |
| IBM | Intl Business Machines | 0.1% | $345,3251,228 sh | 281.21 → −17% | 12% undervalued | held |
| DB | Deutsche Bank AG | 0.1% | $337,60010,000 sh | 33.76 | — | held |
| WBS | Webster Finl CO | 0.1% | $332,3504,349 sh | 76.42 | — | bought |
| PNC | Pnc Finl Svcs Group INC Com | 0.1% | $330,4271,342 sh | 246.22 → −12% | 7% undervalued | held |
| CVX | Chevron Corp. | 0.1% | $323,7291,953 sh | 165.76 → +36% | 9% overvalued | held |
| OBT | Orange Cnty Bancorp | 0.0% | $294,2408,000 sh | 36.78 | — | held |
| PEG | Public Svc Enterprise Group | 0.0% | $286,0073,524 sh | 81.16 → −12% | 19% undervalued | held |
| BX | Blackstone INC Com | 0.0% | $270,6412,300 sh | 117.67 → −9% | 13% undervalued | held |
| AM | Antero Midstream Corp | 0.0% | $268,58611,806 sh | 22.75 | — | held |
| PG | Procter & Gamble | 0.0% | $256,9131,752 sh | 146.64 → +9% | 32% overvalued | reduced −5% |
| PEP | Pepsico INC Com | 0.0% | $243,7201,800 sh | 135.40 → −3% | 3% undervalued | held |
| ZDGE | Zedge INC | 0.0% | $242,19078,126 sh | 3.10 | — | added +0% |
| VZ | Verizon | 0.0% | $240,5755,682 sh | 42.34 → +6% | 67% undervalued | held |
| PIFYF | Pine Cliff Energy LTD Com | 0.0% | $208,938520,000 sh | 0.40 | — | held |
| — | Tphgreenwich Trust UniCUSIP 008997017 | — | —166,999 sh | 0.00 | — | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.