Thomas Graham, Alan, Irving Kahns - Kahn Brothers Group 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Kahn Brothers Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - Windrock, American International Group, I, Blackstone Inc., Capital One Financial Corporati, Chevron Corporation, and 1 more

Increases - Bayer A.G., IDT Corporation, Novartis AG, NY Community Bancorp, Organon & Co., and 1 more

Reductions - Tourmaline Oil, Antero Resources Corporation, Bank of America Corporation, Bristol-Myers Squibb Company, BP p.l.c., and 22 more

Complete Exits - MBIA Inc., VOXX International Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	89156V106 Tourmaline Oil	Tourmaline Oil	Sell	-99	-0.6%	$830.00K	17,209
Q1 2025	97349V107 Windrock	Windrock	Buy - Position Entry	+569	-	$259.00K	569
Q1 2025	AIG American International Group, I	American International Group, I	Buy - Position Entry	+2,349	-	$204.00K	2,349
Q1 2025	AR Antero Resources Corporation	Antero Resources Corporation	Sell	-5,250	-17.4%	$1.01M	24,906
Q1 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-2,155	-11.1%	$721.34K	17,275
Q1 2025	BAYRY Bayer A.G.	Bayer A.G.	Buy	+2,067,470	+45.9%	$39.57M	6,573,693
Q1 2025	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-92,824	-13.4%	$36.44M	597,428
Q1 2025	BP BP p.l.c.	BP p.l.c.	Sell	-42,063	-3.5%	$38.86M	1,149,967
Q1 2025	BX Blackstone Inc.	Blackstone Inc.	Buy - Position Entry	+1,500	-	$210.00K	1,500
Q1 2025	C Citigroup, Inc.	Citigroup, Inc.	Sell	-29,976	-3.3%	$62.24M	876,803
Q1 2025	CI The Cigna Group	The Cigna Group	Sell	-43	-4.9%	$276.69K	841
Q1 2025	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+1,971	-	$353.00K	1,971
Q1 2025	CSX CSX Corporation	CSX Corporation	Sell	-1,089	-2.2%	$1.43M	48,731
Q1 2025	CVX Chevron Corporation	Chevron Corporation	Buy - Position Entry	+2,053	-	$343.00K	2,053
Q1 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-4,851	-1.4%	$34.36M	348,175
Q1 2025	G0585R106 Assured Guaranty	Assured Guaranty	Sell	-99,942	-35.0%	$16.35M	185,631
Q1 2025	GNE Genie Energy Ltd.	Genie Energy Ltd.	Sell	-14,336	-6.6%	$3.05M	202,608
Q1 2025	GTX Garrett Motion Inc.	Garrett Motion Inc.	Sell	-900	-6.8%	$103.00K	12,318
Q1 2025	HLN Haleon plc	Haleon plc	Sell	-18,724	-9.2%	$1.90M	184,309
Q1 2025	HOLX Hologic, Inc.	Hologic, Inc.	Sell	-9,834	-33.2%	$1.22M	19,757
Q1 2025	IDT IDT Corporation	IDT Corporation	Buy	+126,655	+53.0%	$18.76M	365,536
Q1 2025	MBI MBIA Inc.	MBIA Inc.	Sell - Position Exit	-10,600	-100.0%	$0.00	-
Q1 2025	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-16,633	-3.3%	$44.19M	492,275
Q1 2025	NAVI Navient Corporation	Navient Corporation	Sell	-1,400	-6.4%	$260.18K	20,600
Q1 2025	NVS Novartis AG	Novartis AG	Buy	+728	+3.4%	$2.44M	21,909
Q1 2025	NYCB NY Community Bancorp	NY Community Bancorp	Buy	+657,285	+18.5%	$49.00M	4,216,986
Q1 2025	OGN Organon & Co.	Organon & Co.	Buy	+926,111	+59.1%	$37.13M	2,493,384
Q1 2025	PEG Public Service Enterprise Group	Public Service Enterprise Group	Sell	-150	-3.3%	$360.00K	4,374
Q1 2025	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-25,901	-3.4%	$18.63M	735,189
Q1 2025	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Sell	-176	-10.5%	$263.00K	1,497

Page 1 of 2