13F filing recap · Q3 2025

What did Kahn Brothers Group buy in Q3 2025?

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

Stock value

$531.80M

Positions

Estimated turnover

16.9%

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.

Quarter in review

Kahn Brothers Group opened new positions in Seaport Entertainment Group, Mbia, American Express, Nvidia, and Brookfield Corporation, while exiting American International Group and Trinity Place Holdings. The firm substantially increased its Alphabet stake and trimmed Bristol-Myers Squibb, GSK, Haleon, and Assured Guaranty. It also modestly reduced Merck, Seaboard, Novartis, First National Bank Alaska, Tourmaline Oil, and Antero Resources.

New positions

SEGSeaport Entertainment Group Inc.$13.37Mreported value+583.4K shares MBIMbia Inc.$7.67Mreported value+1.03M shares AXPAmerican Express Co$382.0Kreported value+1.1K shares NVDANvidia Corp$324.8Kreported value+1.7K shares BN

Increased positions

BAYRYBayer AG$56.27Mreported value+58.4K shares+0.9%DISWalt Disney Co/$45.17Mreported value+2.1K shares+0.5%OGNOrganon & Co.$38.63Mreported value+126.7K shares+3.6%GOOGAlphabet Inc.$32.81Mreported value+63.6K shares

Reduced positions

CCitigroup Inc$88.98Mreported value-10.0K shares-1.1%FLGFlagstar Bank, National Association$49.63Mreported value-24.4K shares-0.6%BPBp Plc$37.41Mreported value-43.8K shares-3.9%MRKMerck & Co., Inc.$36.40Mreported value-56.7K shares

Exited positions

AIGAmerican International Group, Inc.$201.1Kprior reported value-2.3K shares-100.0%TPHSTrinity Place Holdings Inc.$6.7Kprior reported value-167.0K shares-100.0%