KAHN BROTHERS GROUP INC
Long book
$564.1M
Q1 2026
Positions
48
Top-10 weight
78%
concentration
Last quarter
+16.8%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsKAHN BROTHERS GROUP INC is a concentrated fundamental stock-picker, running a $564.1M US long book across 48 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: CITIGROUP INC, BAYER AG-SPONSORED ADR, FLAGSTAR BANK NA, WALT DISNEY CO/THE, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.7%
Q2 2024
-2.5%
Q3 2024
-3.2%
Q4 2024
+4.2%
Q1 2025
+1.0%
Q2 2025
+7.3%
Q3 2025
+10.1%
Q4 2025
+5.7%
Q1 2026
+16.8%
Sector allocation
Financials 37%
Healthcare 19%
Services media 17%
Technology 8%
Consumer discretionary 7%
Energy 5%
Communications 4%
Other 1%
Long book by quarter
What does KAHN BROTHERS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| C CITIGROUP INC | Financials | 840.9K | $95.4M | 16.9% | -4.0% |
| FLG FLAGSTAR BANK NA | Financials | 4.1M | $53.8M | 9.5% | -2.2% |
| DIS WALT DISNEY CO/THE | Services media | 378.9K | $36.5M | 6.5% | -3.9% |
| GOOG ALPHABET INC-CL C | Technology | 122.0K | $35.0M | 6.2% | -9.9% |
| SEB SEABOARD CORP | Consumer discretionary | 5.9K | $33.2M | 5.9% | -19.4% |
| OGN ORGANON & CO | Healthcare | 5.5M | $33.2M | 5.9% | +52.6% |
| MRK MERCK & CO. INC. | Healthcare | 227.3K | $27.3M | 4.8% | -47.2% |
| Z ZILLOW GROUP INC - C | Services media | 545.2K | $22.6M | 4.0% | New |
| SEG SEAPORT ENTERTAINMENT GROUP | Services media | 893.2K | $19.2M | 3.4% | +52.4% |
| PTEN PATTERSON-UTI ENERGY INC | Energy | 1.7M | $18.3M | 3.2% | -3.0% |
| IDT IDT CORP-CLASS B | Communications | 372.6K | $18.3M | 3.2% | -5.0% |
| PFE PFIZER INC | Healthcare | 484.7K | $13.6M | 2.4% | -12.5% |
| MBI MBIA INC | Financials | 2.1M | $12.2M | 2.2% | +99.9% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 170.4K | $10.3M | 1.8% | -15.7% |
| XOM EXXON MOBIL CORP | Energy | 18.3K | $3.1M | 0.5% | -9.7% |
| GNE GENIE ENERGY LTD-B | Utilities | 175.0K | $2.5M | 0.4% | -8.0% |
| FRFHF FAIRFAX FINANCIAL HLDGS LTD | Financials | 1.0K | $1.7M | 0.3% | Held |
| CSX CSX CORP | Industrials | 36.5K | $1.5M | 0.3% | -2.8% |
| FBAK FIRST NATIONAL BANK ALASKA | — | 4.9K | $1.5M | 0.3% | Held |
| TRMLF TOURMALINE OIL CORP | — | 27.0K | $1.3M | 0.2% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 2.8K | $829K | 0.1% | -18.7% |
| AAPL APPLE INC | Technology | 3.1K | $785K | 0.1% | Held |
| MSFT MICROSOFT CORP | Technology | 2.1K | $774K | 0.1% | -12.5% |
| PEYUF PEYTO EXPLORATION & DEV CORP | — | 31.3K | $610K | 0.1% | -1.7% |
| SEIC SEI INVESTMENTS COMPANY | Financials | 6.6K | $518K | 0.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 9.5K | $461K | 0.1% | -9.8% |
| CVX CHEVRON CORP | Energy | 2.0K | $404K | 0.1% | -2.5% |
| DBK DEUTSCHE BANK AG-REGISTERED | — | 10.0K | $298K | 0.1% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.2K | $298K | 0.1% | Held |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 3.5K | $285K | 0.1% | -20.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 5.7K | $285K | 0.1% | -30.3% |
| PEP PEPSICO INC | Consumer staples | 1.8K | $280K | 0.0% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 1.3K | $279K | 0.0% | -40.5% |
| AM ANTERO MIDSTREAM CORP | Utilities | 11.8K | $269K | 0.0% | -37.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.9K | $268K | 0.0% | -0.8% |
| BX BLACKSTONE INC | Financials | 2.3K | $264K | 0.0% | Held |
| OBT ORANGE COUNTY BANCORP INC | Financials | 8.0K | $256K | 0.0% | Held |
| PIFYF PINE CLIFF ENERGY LTD | — | 520.0K | $253K | 0.0% | Held |
| WRLC WINDROCK LTD CO | — | 537 | $252K | 0.0% | -5.6% |
| ZDGE ZEDGE INC-CL B | Technology | 77.9K | $228K | 0.0% | -5.6% |
| CMCSA COMCAST CORP-CLASS A | Communications | 7.2K | $206K | 0.0% | +2.0% |
| RFL RAFAEL HOLDINGS INC-CLASS B | Healthcare | 58.6K | $73K | 0.0% | -1.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 48 | $564.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 54 | $564.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 53 | $531.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 51 | $497.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 55 | $494.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 53 | $19.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 53 | $580.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 52 | $595.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 53 | $674.4M | canonical | SEC ↗ |
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