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Classic value / Graham tradition

Kahn Brothers Group

Kahn Brothers Group, classic Graham-style value investing

Kahn Brothers is a classic value-investing institution connected to the Graham tradition. The public portfolio is useful for studying patience, balance-sheet value, dividends, and low-turnover ownership of overlooked companies.

Sources Kahn Brothers Group official site SEC EDGAR profile
Classic value / Graham tradition CIK 1039565
2026-03-31 Latest 13F 20 Current holdings 66 Last 3 periods Change 0 Public materials
Latest 13F snapshot 2026-03-31 · 48 disclosed positions · $564.1M Top five 45.0%: C, FLG, DIS, GOOG, OGN

Performance materials

  • Kahn Brothers does not publish a continuous public fund-level return table. Public filings and firm materials provide context.

Firm and key people

  • Kahn Brothers has roots in the Graham value-investing tradition and a long institutional history.
  • The firm is associated with patient, conservative value investing.
  • Public filings provide the main current window into holdings.

Investment style

  • Focus on balance-sheet strength, valuation, income, and downside protection.
  • Patience and low turnover are part of the process.
  • Read holdings through conservative value rather than high-growth expectations.

Public materials

View timeline
Shareholder letters / memos 0
Interview 0
Public video 0
Public Q&A / speeches / presentations 0

Current holdings

13F period 2026-03-31 · Filed 2026-05-08
Stocks Shares Value Weight
C 840,897 $95.4M 16.9%
FLG 4,083,618 $53.8M 9.5%
DIS 378,909 $36.5M 6.5%
GOOG 122,029 $35.0M 6.2%
OGN 5,536,993 $33.2M 5.9%
BP 622,256 $29.2M 5.2%
MRK 227,288 $27.3M 4.8%
Z 545,212 $22.6M 4.0%
SEG 893,227 $19.2M 3.4%
PTEN 1,690,156 $18.3M 3.2%
IDT 372,566 $18.3M 3.2%
PFE 484,733 $13.6M 2.4%
BMY 170,381 $10.3M 1.8%
GSK 160,982 $8.9M 1.6%
XOM 18,255 $3.1M 0.5%
NVS 13,386 $2.0M 0.4%
CSX 36,481 $1.5M 0.3%
JPM 2,818 $828,942 0.1%
AAPL 3,092 $784,718 0.1%
MSFT 2,092 $774,395 0.1%

Last 3 quarters US 13F new / increased / reduced / sold-out positions

As of 13F 2026-03-31 · Filed 2026-05-08
Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Stocks Action 13F period Current shares Previous shares Share change 13F value change
Z New 2026-03-31 Filed 2026-05-08 545,212 0 - +$22.6M
MRK Major reduction 2026-03-31 Filed 2026-05-08 227,288 430,103 -47.2% -$17.9M
DIS Minor reduction 2026-03-31 Filed 2026-05-08 378,909 394,369 -3.9% -$8.3M
PTEN Minor reduction 2026-03-31 Filed 2026-05-08 1,690,156 1,742,013 -3.0% +$7.7M
SEG Major increase 2026-03-31 Filed 2026-05-08 893,227 586,170 52.4% +$7.6M
GOOG Minor reduction 2026-03-31 Filed 2026-05-08 122,029 135,416 -9.9% -$7.5M
OGN Major increase 2026-03-31 Filed 2026-05-08 5,536,993 3,629,451 52.6% +$7.1M
C Minor reduction 2026-03-31 Filed 2026-05-08 840,897 876,278 -4.0% -$6.9M
BP Major reduction 2026-03-31 Filed 2026-05-08 622,256 1,038,402 -40.1% -$6.8M
WBS Sold out 2026-03-31 Filed 2026-05-08 0 29,833 -100.0% -$1.9M
IDT Minor reduction 2026-03-31 Filed 2026-05-08 372,566 392,011 -5.0% -$1.8M
FLG Minor reduction 2026-03-31 Filed 2026-05-08 4,083,618 4,177,212 -2.2% +$1.2M
XOM Minor reduction 2026-03-31 Filed 2026-05-08 18,255 20,217 -9.7% +$664,230
BMY Major reduction 2026-03-31 Filed 2026-05-08 170,381 202,196 -15.7% -$572,845
MSFT Minor reduction 2026-03-31 Filed 2026-05-08 2,092 2,392 -12.5% -$382,424
JPM Major reduction 2026-03-31 Filed 2026-05-08 2,818 3,468 -18.7% -$288,516
PFE Minor reduction 2026-03-31 Filed 2026-05-08 484,733 553,950 -12.5% -$182,053
NVS Minor reduction 2026-03-31 Filed 2026-05-08 13,386 13,678 -2.1% +$158,926
CSX Minor reduction 2026-03-31 Filed 2026-05-08 36,481 37,531 -2.8% +$137,047
GSK Minor reduction 2026-03-31 Filed 2026-05-08 160,982 178,696 -9.9% +$121,345
BAC Minor reduction 2026-03-31 Filed 2026-05-08 9,459 10,484 -9.8% -$115,494
HLN Minor reduction 2026-03-31 Filed 2026-05-08 56,431 65,321 -13.6% -$95,521
C Minor reduction 2025-12-31 Filed 2026-02-12 876,278 876,660 -0.0% +$13.3M
OGN Minor increase 2025-12-31 Filed 2026-02-12 3,629,451 3,616,845 0.3% -$12.6M
GOOG Minor increase 2025-12-31 Filed 2026-02-12 135,416 134,722 0.5% +$9.7M
MRK Minor reduction 2025-12-31 Filed 2026-02-12 430,103 433,750 -0.8% +$8.9M
PFE Major reduction 2025-12-31 Filed 2026-02-12 553,950 707,144 -21.7% -$4.2M
FLG Minor reduction 2025-12-31 Filed 2026-02-12 4,177,212 4,296,752 -2.8% +$3.0M
GSK Major reduction 2025-12-31 Filed 2026-02-12 178,696 260,837 -31.5% -$2.5M
SEG Minor increase 2025-12-31 Filed 2026-02-12 586,170 583,364 0.5% -$1.8M
BMY Major reduction 2025-12-31 Filed 2026-02-12 202,196 272,334 -25.8% -$1.4M
BP Minor reduction 2025-12-31 Filed 2026-02-12 1,038,402 1,085,607 -4.3% -$1.3M
PTEN Minor reduction 2025-12-31 Filed 2026-02-12 1,742,013 1,885,460 -7.6% +$877,017
IDT Minor reduction 2025-12-31 Filed 2026-02-12 392,011 392,357 -0.1% -$449,311
XOM Minor increase 2025-12-31 Filed 2026-02-12 20,217 17,943 12.7% +$409,840
AR Major reduction 2025-12-31 Filed 2026-02-12 6,242 17,842 -65.0% -$383,678
DIS Minor reduction 2025-12-31 Filed 2026-02-12 394,369 394,524 -0.0% -$305,637
JPM Major increase 2025-12-31 Filed 2026-02-12 3,468 2,668 30.0% +$275,891
MSFT Major increase 2025-12-31 Filed 2026-02-12 2,392 1,905 25.6% +$170,125
CSX Minor reduction 2025-12-31 Filed 2026-02-12 37,531 40,731 -7.9% -$85,859
WBS Minor reduction 2025-12-31 Filed 2026-02-12 29,833 30,173 -1.1% +$84,206
AAPL Minor increase 2025-12-31 Filed 2026-02-12 3,092 2,992 3.3% +$78,739
HLN Minor reduction 2025-12-31 Filed 2026-02-12 65,321 68,027 -4.0% +$50,193
NVS Minor reduction 2025-12-31 Filed 2026-02-12 13,678 14,326 -4.5% +$48,619
BAC Minor reduction 2025-12-31 Filed 2026-02-12 10,484 11,126 -5.8% +$2,630
GOOG Major increase 2025-09-30 Filed 2025-11-12 134,722 71,091 89.5% +$26.2M
GSK Major reduction 2025-09-30 Filed 2025-11-12 260,837 659,872 -60.5% -$14.1M
C Minor reduction 2025-09-30 Filed 2025-11-12 876,660 886,688 -1.1% +$13.5M
SEG New 2025-09-30 Filed 2025-11-12 583,364 0 - +$13.4M
BMY Major reduction 2025-09-30 Filed 2025-11-12 272,334 550,683 -50.5% -$13.2M
IDT Minor reduction 2025-09-30 Filed 2025-11-12 392,357 396,564 -1.1% -$6.6M
OGN Minor increase 2025-09-30 Filed 2025-11-12 3,616,845 3,490,150 3.6% +$4.8M
FLG Minor reduction 2025-09-30 Filed 2025-11-12 4,296,752 4,321,165 -0.6% +$3.8M
AGO Major reduction 2025-09-30 Filed 2025-11-12 2,590 43,986 -94.1% -$3.6M
BP Minor reduction 2025-09-30 Filed 2025-11-12 1,085,607 1,129,372 -3.9% +$3.6M
DIS Minor increase 2025-09-30 Filed 2025-11-12 394,524 392,450 0.5% -$3.5M
MRK Minor reduction 2025-09-30 Filed 2025-11-12 433,750 490,465 -11.6% -$2.4M
PTEN Minor reduction 2025-09-30 Filed 2025-11-12 1,885,460 1,917,660 -1.7% -$1.6M
HLN Major reduction 2025-09-30 Filed 2025-11-12 68,027 118,437 -42.6% -$617,989
AR Major reduction 2025-09-30 Filed 2025-11-12 17,842 24,906 -28.4% -$404,436
NVS Major reduction 2025-09-30 Filed 2025-11-12 14,326 18,471 -22.4% -$398,009
PFE Minor reduction 2025-09-30 Filed 2025-11-12 707,144 730,989 -3.3% +$298,856
WBS Minor increase 2025-09-30 Filed 2025-11-12 30,173 30,089 0.3% +$150,624
XOM Minor reduction 2025-09-30 Filed 2025-11-12 17,943 19,143 -6.3% -$40,542
JPM Minor reduction 2025-09-30 Filed 2025-11-12 2,668 2,775 -3.9% +$37,067
BAC Minor reduction 2025-09-30 Filed 2025-11-12 11,126 11,887 -6.4% +$11,498

Public video / Interview / Shareholder letter / Public Q&A

No viewpoint records yet.