13F filing recap · Q2 2007

What did Kahn Brothers Group buy in Q2 2007?

Reported stock-position changes between this filing and the previous one.

Stock value

$709.92M

Positions

Estimated turnover

16.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Increased positions

PFEPfizer Inc.$36.78Mreported value+171.3K shares+13.5%FFICFlushing Financial Corporation$12.37Mreported value+2.4K shares+0.3%IBMInternational Business Machines Corp$10.99Mreported value+653 shares+0.6%NVSNovartis AG$10.02Mreported value+1.8K shares+1.0%NYTThe New York Times Company$2.95Mreported value+200 shares+0.2%514928100LANDMARK SAVINGS BANK$1.49Mreported value+573 shares+1.1%STRQuestar Corporation$824.5Kreported value+9.3K shares+147.6%FPFCFirst Place Financial Corp/oh$488.8Kreported value+2.4K shares+11.5%

Reduced positions

PVBCProvident Bancorp, Inc.$151.41Mreported value-2.0K shares-0.2%NYCBFlagstar Bank, National Association$57.67Mreported value-323.5K shares-8.7%SGPSchering-Plough Corporation$52.62Mreported value-314.1K shares-15.4%SEBSeaboard Corporation$44.22Mreported value-2.2K shares

Exited positions

MGPMerchants Group$3.76Mprior reported value-114.0K shares-100.0%HONHoneywell International Inc$2.76Mprior reported value-60.0K shares-100.0%DEVCDevcon International Corp.$54.9Kprior reported value-11.2K shares-100.0%