13F filing recap · Q4 2025

What did Kahn Brothers Group buy in Q4 2025?

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

Stock value

$564.70M

Positions

Estimated turnover

3.9%

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 a new position in Tphgreenwich Trust Uni and trimmed a broad set of holdings, including Citigroup, Bayer, Flagstar Bank, Merck, Walt Disney, BP, Seaboard, and Pfizer. It also reduced Bristol-Myers Squibb, GSK, and IBM, while adding to Exxon Mobil, Tourmaline Oil, Microsoft, JPMorgan Chase, and PNC Financial Services. Notable increases included Blackstone and Brookfield Corporation, and substantial cuts were made to American Express, Antero Resources, and Rafael Holdings.

New positions

008997017Tphgreenwich Trust Uni$0reported value+167.0K shares

Increased positions

GOOGAlphabet Inc.$42.49Mreported value+694 shares+0.5%OGNOrganon & Co.$26.02Mreported value+12.6K shares+0.3%SEGSeaport Entertainment Group Inc.$11.59Mreported value+2.8K shares+0.5%XOMExxon Mobil Corp.$2.43Mreported value+2.3K shares

Reduced positions

CCitigroup Inc$102.25Mreported value-382 shares-0.0%BAYRYBayer AG$73.08Mreported value-33.0K shares-0.5%FLGFlagstar Bank, National Association$52.59Mreported value-119.5K shares-2.8%MRKMerck & Co., Inc.$45.27Mreported value-3.6K shares