Kahn Brothers portfolio: Q2 2026 13F
Every US-listed position Kahn Brothers reported in its 13F for Q2 2026, the quarter ended Jun 30, 2026, filed with the SEC on Aug 17, 2026. 48 positions at the quarter end, after opening 1 and exiting 1 during it.
Holdings at Q2 2026
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| C | Citigroup Inc | 18.50% | $117.05M | 836,337 | Trimmed |
| BAYRY | Bayer AG Spons ADR | 14.12% | $89.31M | 6,518,603 | Added |
| FLG | Flagstar Bank, National Association | 9.62% | $60.88M | 4,074,720 | Trimmed |
| GOOG | Alphabet Inc. | 6.75% | $42.72M | 120,906 | Trimmed |
| Z | Zillow Group, Inc. | 5.89% | $37.26M | 1,182,261 | Added |
| OGN | Organon & Co. | 5.72% | $36.16M | 2,670,523 | Trimmed |
| DIS | Walt Disney Co | 5.46% | $34.56M | 359,092 | Trimmed |
| MRK | Merck & Co., Inc. | 4.43% | $28.04M | 218,182 | Trimmed |
| MBI | MBIA Inc | 4.34% | $27.47M | 4,213,920 | Added |
| SEG | Seaport Entertainment Group Inc. | 3.86% | $24.39M | 917,005 | Added |
| SEB | Seaboard Corp | 3.80% | $24.06M | 5,389 | Trimmed |
| BP | BP plc | 3.65% | $23.09M | 624,999 | Added |
| IDT | IDT Corp | 3.23% | $20.45M | 351,660 | Trimmed |
| PTEN | Patterson-UTI Energy Inc | 2.41% | $15.27M | 1,663,758 | Trimmed |
| PFE | Pfizer Inc | 1.77% | $11.17M | 464,001 | Trimmed |
| BMY | Bristol Myers Squibb Co | 1.59% | $10.03M | 174,152 | Added |
| GSK | GSK plc | 1.31% | $8.31M | 158,438 | Trimmed |
| XOM | Exxon Mobil Corp | 0.38% | $2.41M | 17,655 | Trimmed |
| GNE | Genie Energy Ltd. | 0.35% | $2.20M | 151,941 | Trimmed |
| NVS | Novartis AG | 0.33% | $2.07M | 13,186 | Trimmed |
| FRFHF | Fairfax Finl HLDGS Ltd Sub VTG | 0.26% | $1.67M | 1,018 | Unchanged |
| CSX | CSX Corp | 0.26% | $1.65M | 34,781 | Trimmed |
| FBAK | First Natl BK Alaska | 0.25% | $1.56M | 4,920 | Unchanged |
| TRMLF | Tourmaline Oil Corp Com | 0.18% | $1.13M | 26,959 | Unchanged |
| JPM | JPMorgan Chase & Co | 0.15% | $942.05K | 2,878 | Added |
| AAPL | Apple Inc. | 0.14% | $894.70K | 3,092 | Unchanged |
| MSFT | Microsoft Corp | 0.13% | $808.71K | 2,168 | Added |
| SEIC | SEI Investments Co | 0.09% | $578.53K | 6,596 | Unchanged |
| HLN | Haleon plc | 0.09% | $544.32K | 58,341 | Added |
| BAC | Bank of America Corp | 0.09% | $538.97K | 9,459 | Unchanged |
| PEYUF | Peyto Expl & Dev Corp | 0.08% | $522.15K | 31,307 | Unchanged |
| RFL | Rafael Holdings, Inc. | 0.08% | $493.62K | 150,493 | Added |
| WRLC | Windrock Ltd Co | 0.07% | $443.84K | 807 | Added |
| IBM | International Business Machines Corp | 0.05% | $345.32K | 1,228 | Unchanged |
| DB | Deutsche Bank Aktiengesellschaft | 0.05% | $337.60K | 10,000 | Unchanged |
| WBS | Webster Financial Corp | 0.05% | $332.35K | 4,349 | New |
| PNC | PNC Financial Services Group, Inc. | 0.05% | $330.43K | 1,342 | Unchanged |
| CVX | Chevron Corp | 0.05% | $323.73K | 1,953 | Unchanged |
| OBT | Orange County Bancorp, Inc. | 0.05% | $294.24K | 8,000 | Unchanged |
| PEG | Public Service Enterprise Group Inc | 0.05% | $286.01K | 3,524 | Unchanged |
| BX | Blackstone Inc. | 0.04% | $270.64K | 2,300 | Unchanged |
| AM | Antero Midstream Corp | 0.04% | $268.59K | 11,806 | Unchanged |
| PG | Procter & Gamble Co | 0.04% | $256.91K | 1,752 | Trimmed |
| PEP | PepsiCo Inc | 0.04% | $243.72K | 1,800 | Unchanged |
| ZDGE | Zedge, Inc. | 0.04% | $242.19K | 78,126 | Added |
| VZ | Verizon Communications Inc | 0.04% | $240.57K | 5,682 | Unchanged |
| PIFYF | Pine Cliff Energy Ltd Com | 0.03% | $208.94K | 520,000 | Unchanged |
| - | Tphgreenwich Trust Uni | 0.00% | - | 166,999 | Unchanged |
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Trimmed | C | Citigroup Inc | -4,560 | $117.05M |
| Added | BAYRY | Bayer AG Spons ADR | +4,710 | $89.31M |
| Trimmed | FLG | Flagstar Bank, National Association | -8,898 | $60.88M |
| Trimmed | GOOG | Alphabet Inc. | -1,123 | $42.72M |
| Added | Z | Zillow Group, Inc. | +637,049 | $37.26M |
| Trimmed | OGN | Organon & Co. | -2,866,470 | $36.16M |
| Trimmed | DIS | Walt Disney Co | -19,817 | $34.56M |
| Trimmed | MRK | Merck & Co., Inc. | -9,106 | $28.04M |
| Added | MBI | MBIA Inc | +2,157,486 | $27.47M |
| Added | SEG | Seaport Entertainment Group Inc. | +23,778 | $24.39M |
| Trimmed | SEB | Seaboard Corp | -482 | $24.06M |
| Added | BP | BP plc | +2,743 | $23.09M |
| Trimmed | IDT | IDT Corp | -20,906 | $20.45M |
| Trimmed | PTEN | Patterson-UTI Energy Inc | -26,398 | $15.27M |
| Trimmed | PFE | Pfizer Inc | -20,732 | $11.17M |
| Added | BMY | Bristol Myers Squibb Co | +3,771 | $10.03M |
| Trimmed | GSK | GSK plc | -2,544 | $8.31M |
| Trimmed | XOM | Exxon Mobil Corp | -600 | $2.41M |
| Trimmed | GNE | Genie Energy Ltd. | -23,070 | $2.20M |
| Trimmed | NVS | Novartis AG | -200 | $2.07M |
| Trimmed | CSX | CSX Corp | -1,700 | $1.65M |
| Added | JPM | JPMorgan Chase & Co | +60 | $942.05K |
| Added | MSFT | Microsoft Corp | +76 | $808.71K |
| Added | HLN | Haleon plc | +1,910 | $544.32K |
| Added | RFL | Rafael Holdings, Inc. | +91,936 | $493.62K |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
About these holdings
The 13F on record for Kahn Brothers (Kahn Brothers Group), filed on Aug 17, 2026, reports 48 positions as of Jun 30, 2026. The largest is Citigroup Inc (C) at 18.5% of the reported portfolio, followed by Bayer AG Spons ADR (BAYRY, 14.1%) and Flagstar Bank, National Association (FLG, 9.6%). The ten largest make up 78.7% of it. Against the previous quarter, it opened 1 new position, added to 12, trimmed 16 and sold out of 1. The new position is Webster Financial Corp (WBS), at under 0.1% of the portfolio. The largest position it added to is Bayer AG Spons ADR (BAYRY), now 14.1%. The position it sold out of is Comcast Corp (CMCSA).
Citigroup Inc (C), the largest position, is also held by 8 other investors tracked here. Of those, Samantha McLemore, First Pacific Advisors, Harry Burn and Richard Pzena hold the most of it as a share of their own portfolios.
Other investors
Mason HawkinsWallace WeitzChase ColemanChristopher BloomstranDavid EinhornHoward MarksTerry SmithFrancois Rochon