13F filing recap · Q1 2009

What did Kahn Brothers Group buy in Q1 2009?

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

Stock value

$348.05M

Positions

Estimated turnover

6.9%

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

NYCBFlagstar Bank, National Association$40.34Mreported value+77.5K shares+2.2%PFEPfizer Inc.$26.85Mreported value+17.3K shares+0.9%MRKMerck & Co., Inc.$23.25Mreported value+197.2K shares+29.3%ORIOld Republic International Corp$21.43Mreported value+142.4K shares+7.7%MBIMbia Inc.$8.95Mreported value+699.5K shares+55.7%SLMSlm Corp$5.63Mreported value+111.3K shares+10.8%NYTThe New York Times Company$3.28Mreported value+137.8K shares+23.4%SYMSyms Corp$2.72Mreported value+3.1K shares+0.7%MONMonsanto Company$1.01Mreported value+228.9K shares+1488.4%

Reduced positions

SGPSchering-Plough Corporation$38.17Mreported value-58.6K shares-3.5%BMYBristol-Myers Squibb Company$32.63Mreported value-47.3K shares-3.1%WYEWyeth$25.41Mreported value-38.6K shares-6.1%SEBSeaboard Corporation$19.08Mreported value-47 shares

Exited positions

KNBWYKirin Holdings Company, Limited$299.7Kprior reported value-23.1K shares-100.0%