Thomas Graham, Alan, Irving Kahns - Kahn Brothers Group 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the Kahn Brothers Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 12, 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 Q3 2025, the filing reported:

New Buys - American Express Company, Brookfield Corporation, MBIA Inc., NVIDIA Corporation, Seaport Entertainment

Increases - Bayer A.G., Walt Disney Company (The), Alphabet Inc., Organon & Co., Webster Financial Corporation

Reductions - First National Bank Alaska, Peyto Exploration, Pine Cliff Energy, Tourmaline Oil, Antero Resources Corporation, and 22 more

Complete Exits - Trinity Place, American International Group, I

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
Q3 2025	32112J106 First National Bank Alaska	First National Bank Alaska	Sell	-1,300	-20.7%	$1.36M	4,990
Q3 2025	717046106 Peyto Exploration	Peyto Exploration	Sell	-450	-1.4%	$415.16K	31,857
Q3 2025	722524105 Pine Cliff Energy	Pine Cliff Energy	Sell	-10,000	-1.9%	$235.48K	520,000
Q3 2025	89156V106 Tourmaline Oil	Tourmaline Oil	Sell	-3,550	-12.7%	$1.05M	24,409
Q3 2025	896CNT011 Trinity Place	Trinity Place	Sell - Position Exit	-166,999	-100.0%	$0.00	-
Q3 2025	AIG American International Group, I	American International Group, I	Sell - Position Exit	-2,349	-100.0%	$0.00	-
Q3 2025	AR Antero Resources Corporation	Antero Resources Corporation	Sell	-7,064	-28.4%	$598.78K	17,842
Q3 2025	AXP American Express Company	American Express Company	Buy - Position Entry	+1,150	-	$381.98K	1,150
Q3 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-761	-6.4%	$573.99K	11,126
Q3 2025	BAYRY Bayer A.G.	Bayer A.G.	Buy	+58,350	+0.9%	$56.27M	6,787,253
Q3 2025	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-278,349	-50.5%	$12.28M	272,334
Q3 2025	BN Brookfield Corporation	Brookfield Corporation	Buy - Position Entry	+3,380	-	$232.00K	3,380
Q3 2025	BP BP p.l.c.	BP p.l.c.	Sell	-43,765	-3.9%	$37.41M	1,085,607
Q3 2025	C Citigroup, Inc.	Citigroup, Inc.	Sell	-10,028	-1.1%	$88.98M	876,660
Q3 2025	CVX Chevron Corporation	Chevron Corporation	Sell	-50	-2.4%	$311.05K	2,003
Q3 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+2,074	+0.5%	$45.17M	394,524
Q3 2025	G0585R106 Assured Guaranty	Assured Guaranty	Sell	-41,396	-94.1%	$219.24K	2,590
Q3 2025	GNE Genie Energy Ltd.	Genie Energy Ltd.	Sell	-7,127	-3.6%	$2.87M	191,872
Q3 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+63,631	+89.5%	$32.81M	134,722
Q3 2025	GSK GSK plc	GSK plc	Sell	-399,035	-60.5%	$11.26M	260,837
Q3 2025	HLN Haleon plc	Haleon plc	Sell	-50,410	-42.6%	$610.20K	68,027
Q3 2025	IDT IDT Corporation	IDT Corporation	Sell	-4,207	-1.1%	$20.52M	392,357
Q3 2025	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-107	-3.9%	$841.57K	2,668
Q3 2025	MBI MBIA Inc.	MBIA Inc.	Buy - Position Entry	+1,029,794	-	$7.67M	1,029,794
Q3 2025	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-56,715	-11.6%	$36.40M	433,750
Q3 2025	NVDA NVIDIA Corporation	NVIDIA Corporation	Buy - Position Entry	+1,740	-	$324.78K	1,740
Q3 2025	NVS Novartis AG	Novartis AG	Sell	-4,145	-22.4%	$1.84M	14,326
Q3 2025	NYCB NY Community Bancorp	NY Community Bancorp	Sell	-24,413	-0.6%	$49.63M	4,296,752
Q3 2025	OGN Organon & Co.	Organon & Co.	Buy	+126,695	+3.6%	$38.63M	3,616,845
Q3 2025	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-23,845	-3.3%	$18.02M	707,144

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