Thomas Graham, Alan, Irving Kahns - Kahn Brothers Group 13F Activity & Position Changes (Q2 2025)

According to the SEC 13F filed on Aug 14, 2025, the Kahn Brothers Group portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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 Q2 2025, the filing reported:

New Buys - Pine Cliff Energy, Trinity Place, Comcast Corporation, Alphabet Inc., GSK plc, and 2 more

Increases - Peyto Exploration, Tourmaline Oil, Apple Inc., Bayer A.G., Citigroup, Inc., and 7 more

Reductions - Bank of America Corporation, Bristol-Myers Squibb Company, BP p.l.c., CSX Corporation, Assured Guaranty, and 12 more

Complete Exits - The Cigna Group, Capital One Financial Corporati, Garrett Motion Inc., Hologic, Inc., Lifeway Foods, Inc., and 2 more

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
Q2 2025	717046106 Peyto Exploration	Peyto Exploration	Buy	+12,500	+63.1%	$460.58K	32,307
Q2 2025	722524105 Pine Cliff Energy	Pine Cliff Energy	Buy - Position Entry	+530,000	-	$244.74K	530,000
Q2 2025	89156V106 Tourmaline Oil	Tourmaline Oil	Buy	+10,750	+62.5%	$1.35M	27,959
Q2 2025	896CNT011 Trinity Place	Trinity Place	Buy - Position Entry	+166,999	-	$6.68K	166,999
Q2 2025	AAPL Apple Inc.	Apple Inc.	Buy	+200	+7.2%	$613.87K	2,992
Q2 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-5,388	-31.2%	$562.49K	11,887
Q2 2025	BAYRY Bayer A.G.	Bayer A.G.	Buy	+155,210	+2.4%	$50.73M	6,728,903
Q2 2025	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-46,745	-7.8%	$25.49M	550,683
Q2 2025	BP BP p.l.c.	BP p.l.c.	Sell	-20,595	-1.8%	$33.80M	1,129,372
Q2 2025	C Citigroup, Inc.	Citigroup, Inc.	Buy	+9,885	+1.1%	$75.47M	886,688
Q2 2025	CI The Cigna Group	The Cigna Group	Sell - Position Exit	-841	-100.0%	$0.00	-
Q2 2025	CMCSA Comcast Corporation	Comcast Corporation	Buy - Position Entry	+6,380	-	$227.70K	6,380
Q2 2025	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell - Position Exit	-1,971	-100.0%	$0.00	-
Q2 2025	CSX CSX Corporation	CSX Corporation	Sell	-8,000	-16.4%	$1.33M	40,731
Q2 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+44,275	+12.7%	$48.67M	392,450
Q2 2025	G0585R106 Assured Guaranty	Assured Guaranty	Sell	-141,645	-76.3%	$3.83M	43,986
Q2 2025	GNE Genie Energy Ltd.	Genie Energy Ltd.	Sell	-3,609	-1.8%	$5.35M	198,999
Q2 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+71,091	-	$6.59M	71,091
Q2 2025	GSK GSK plc	GSK plc	Buy - Position Entry	+659,872	-	$25.34M	659,872
Q2 2025	GTX Garrett Motion Inc.	Garrett Motion Inc.	Sell - Position Exit	-12,318	-100.0%	$0.00	-
Q2 2025	HLN Haleon plc	Haleon plc	Sell	-65,872	-35.7%	$1.23M	118,437
Q2 2025	HOLX Hologic, Inc.	Hologic, Inc.	Sell - Position Exit	-19,757	-100.0%	$0.00	-
Q2 2025	IDT IDT Corporation	IDT Corporation	Buy	+31,028	+8.5%	$27.09M	396,564
Q2 2025	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy - Position Entry	+2,775	-	$804.50K	2,775
Q2 2025	LWAY Lifeway Foods, Inc.	Lifeway Foods, Inc.	Sell - Position Exit	-10,000	-100.0%	$0.00	-
Q2 2025	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-1,810	-0.4%	$38.83M	490,465
Q2 2025	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+66	+3.6%	$947.57K	1,905
Q2 2025	NVS Novartis AG	Novartis AG	Sell	-3,438	-15.7%	$2.24M	18,471
Q2 2025	NYCB NY Community Bancorp	NY Community Bancorp	Buy	+104,179	+2.5%	$45.80M	4,321,165
Q2 2025	OBT Orange County Bancorp, Inc.	Orange County Bancorp, Inc.	Buy - Position Entry	+8,000	-	$206.72K	8,000

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