Thomas Kahn's portfolio
Multi-generational Graham-Dodd value firm; patient, concentrated, long-horizon investing.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Webster FinancialWBS$332,350
Added to
- Bayer AG PKBAYRY$89M
- Zillow Group Inc Class CZ$37M
- MBIMBI$27M
- SEGSEG$24M
- BP PLC ADRBP$23M
- Bristol-Myers SquibbBMY$10M
- JPMorgan Chase &JPM$942,055
- MicrosoftMSFT$808,707
- HaleonHLN$544,321
- RFLRFL$493,617
Trimmed
- CitigroupC$117M
- Flagstar FinancialFLG$61M
- Alphabet Inc Class CGOOG$43M
- Organon &OGN$36M
- Merck & CompanyMRK$28M
- SeaboardSEB$24M
- IDTIDT$20M
- Patterson-UTI EnergyPTEN$15M
- PfizerPFE$11M
- GlaxoSmithKline PLC ADRGSK$8M
Sold out
None this quarter.
Holdings
48 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| CitigroupC | 18.50% | $117M | 836,337 | Trimmed |
| Bayer AG PKBAYRY | 14.12% | $89M | 6,518,603 | Added |
| Flagstar FinancialFLG | 9.62% | $61M | 4,074,720 | Trimmed |
| Alphabet Inc Class CGOOG | 6.75% | $43M | 120,906 | Trimmed |
| Zillow Group Inc Class CZ | 5.89% | $37M | 1,182,261 | Added |
| Organon &OGN | 5.71% | $36M | 2,670,523 | Trimmed |
| Walt Disney | 5.46% | $35M | 359,092 | Held |
| Merck & CompanyMRK | 4.43% | $28M | 218,182 | Trimmed |
| MBIMBI | 4.34% | $27M | 4,213,920 | Added |
| SEGSEG | 3.85% | $24M | 917,005 | Added |
| SeaboardSEB | 3.80% | $24M | 5,389 | Trimmed |
| BP PLC ADRBP | 3.65% | $23M | 624,999 | Added |
| IDTIDT | 3.23% | $20M | 351,660 | Trimmed |
| Patterson-UTI EnergyPTEN | 2.41% | $15M | 1,663,758 | Trimmed |
| PfizerPFE | 1.77% | $11M | 464,001 | Trimmed |
| Bristol-Myers SquibbBMY | 1.59% | $10M | 174,152 | Added |
| GlaxoSmithKline PLC ADRGSK | 1.31% | $8M | 158,438 | Trimmed |
| Exxon MobilXOM | 0.38% | $2M | 17,655 | Trimmed |
| Genie EnergyGNE | 0.35% | $2M | 151,941 | Trimmed |
| Novartis AG ADRNVS | 0.33% | $2M | 13,186 | Trimmed |
| Fairfax Financial HoldingsFRFHF | 0.27% | $2M | 1,018 | Held |
| CSXCSX | 0.26% | $2M | 34,781 | Trimmed |
| First National Bank AlaskaFBAK | 0.25% | $2M | 4,920 | Held |
| Tourmaline OilTRMLF | 0.18% | $1M | 26,959 | Held |
| JPMorgan Chase &JPM | 0.15% | $942,055 | 2,878 | Added |
| AppleAAPL | 0.14% | $894,701 | 3,092 | Held |
| MicrosoftMSFT | 0.13% | $808,707 | 2,168 | Added |
| Sei Invt Co Pa Pv $0.01 | 0.09% | $578,535 | 6,596 | Held |
| HaleonHLN | 0.09% | $544,321 | 58,341 | Added |
| Bank of AmericaBAC | 0.09% | $538,973 | 9,459 | Held |
| Peyto Exploration&DevelopmentPEYUF | 0.08% | $522,150 | 31,307 | Held |
| RFLRFL | 0.08% | $493,617 | 150,493 | Added |
| WRLCWRLC | 0.07% | $443,841 | 807 | Added |
| International Business MachinesIBM | 0.06% | $345,325 | 1,228 | Held |
| Deutsche Bank Ag | 0.05% | $337,600 | 10,000 | Held |
| Webster FinancialWBS | 0.05% | $332,350 | 4,349 | New |
| PNC Financial ServicesPNC | 0.05% | $330,427 | 1,342 | Held |
| ChevronCVX | 0.05% | $323,729 | 1,953 | Held |
| Orange Cnty Bancorp | 0.05% | $294,240 | 8,000 | Held |
| Public Svc Enterprise Group | 0.04% | $286,007 | 3,524 | Held |
| BlackstoneBX | 0.04% | $270,641 | 2,300 | Held |
| Antero Midstream Partners LPAM | 0.04% | $268,586 | 11,806 | Held |
| Procter & GamblePG | 0.04% | $256,913 | 1,752 | Trimmed |
| PepsiCoPEP | 0.04% | $243,720 | 1,800 | Held |
| ZDGEZDGE | 0.04% | $242,190 | 78,126 | Added |
| Verizon CommunicationsVZ | 0.04% | $240,575 | 5,682 | Held |
| PIFYFPIFYF | 0.03% | $208,938 | 520,000 | Held |
| Tphgreenwich Trust Uni | 0.00% | $0 | 166,999 | Held |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Thomas Kahn own?
In the Q2 2026 13F, Kahn Brothers Group reported 48 US stock positions worth $633M. The largest: Citigroup (C) 18.5%, Bayer AG PK (BAYRY) 14.1%, Flagstar Financial (FLG) 9.6%, Alphabet Inc Class C (GOOG) 6.8%, Zillow Group Inc Class C (Z) 5.9%.
What did Thomas Kahn buy last quarter?
In Q2 2026: new position in Webster Financial (WBS); added to Bayer AG PK (BAYRY); added to Zillow Group Inc Class C (Z); added to MBI (MBI).
When is Thomas Kahn's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.