13F filing recap · Q3 2024

What did Kahn Brothers Group buy in Q3 2024?

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

Stock value

$580.57M

Positions

Estimated turnover

29.5%

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.

Quarter in review

Kahn Brothers Group opened new positions in Sei Investments Company, International Business Machines Corp, and Deutsche Bank Aktiengesellschaft, while exiting Chevron Corp and Mbia Inc. The firm substantially increased its stakes in Walt Disney Co and The Cigna Group, and significantly trimmed Flagstar Bank and Voxx International Corporation. It also added to Bayer AG and Organon & Co., and reduced Gsk Plc and JPMorgan Chase & Co.

New positions

SEICSei Investments Company$356.0Kreported value+5.1K shares IBMInternational Business Machines Corp$333.8Kreported value+1.5K shares DBDeutsche Bank Aktiengesellschaft$173.0Kreported value+10.0K shares

Increased positions

BAYRYBayer AG$43.70Mreported value+785.1K shares+17.9%DISWalt Disney Co/$39.00Mreported value+184.5K shares+83.5%OGNOrganon & Co.$35.11Mreported value+174.2K shares+10.5%WBSWebster Financial Corporation$999.0Kreported value+615 shares

Reduced positions

CCitigroup Inc$74.28Mreported value-8.3K shares-0.7%MRKMerck & Co., Inc.$65.92Mreported value-11.4K shares-1.9%BPBp Plc$49.87Mreported value-51.5K shares-3.1%NYCBFlagstar Bank, National Association$47.25Mreported value-8.00M shares

Exited positions

MBIMbia Inc.$30.58Mprior reported value-5.57M shares-100.0%CVXChevron Corp$282.0Kprior reported value-1.8K shares-100.0%