Thomas Graham, Alan, Irving Kahns - Kahn Brothers Group 13F Activity & Position Changes (Q4 2024)

According to the SEC 13F filed on Feb 14, 2025, the Kahn Brothers Group portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2024. 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 Q4 2024, the filing reported:

New Buys - Tourmaline Oil, MBIA Inc.

Increases - First National Bank Alaska, Apple Inc., Bank of America Corporation, Hologic, Inc., Novartis AG, and 5 more

Reductions - Bayer A.G., Bristol-Myers Squibb Company, BP p.l.c., Citigroup, Inc., The Cigna Group, and 17 more

Complete Exits - Pine Cliff Energy, Viatris Inc.

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
Q4 2024	32112J106 First National Bank Alaska	First National Bank Alaska	Buy	+1,520	+31.9%	$1.47M	6,290
Q4 2024	722524105 Pine Cliff Energy	Pine Cliff Energy	Sell - Position Exit	-129,731	-100.0%	$0.00	-
Q4 2024	89156V106 Tourmaline Oil	Tourmaline Oil	Buy - Position Entry	+17,308	-	$801.00K	17,308
Q4 2024	AAPL Apple Inc.	Apple Inc.	Buy	+300	+12.0%	$699.00K	2,792
Q4 2024	BAC Bank of America Corporation	Bank of America Corporation	Buy	+854	+4.6%	$854.25K	19,430
Q4 2024	BAYRY Bayer A.G.	Bayer A.G.	Sell	-653,317	-12.7%	$21.99M	4,506,223
Q4 2024	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-135,856	-16.4%	$39.04M	690,252
Q4 2024	BP BP p.l.c.	BP p.l.c.	Sell	-396,850	-25.0%	$35.24M	1,192,030
Q4 2024	C Citigroup, Inc.	Citigroup, Inc.	Sell	-279,794	-23.6%	$63.83M	906,779
Q4 2024	CI The Cigna Group	The Cigna Group	Sell	-57	-6.1%	$243.74K	884
Q4 2024	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-52,419	-12.9%	$39.31M	353,026
Q4 2024	G0585R106 Assured Guaranty	Assured Guaranty	Sell	-9,412	-3.2%	$25.70M	285,573
Q4 2024	GNE Genie Energy Ltd.	Genie Energy Ltd.	Sell	-72,969	-25.2%	$3.38M	216,944
Q4 2024	GTX Garrett Motion Inc.	Garrett Motion Inc.	Sell	-1,011	-7.1%	$119.00K	13,218
Q4 2024	HLN Haleon plc	Haleon plc	Sell	-38,919	-16.1%	$1.94M	203,033
Q4 2024	HOLX Hologic, Inc.	Hologic, Inc.	Buy	+4,000	+15.6%	$2.13M	29,591
Q4 2024	IDT IDT Corporation	IDT Corporation	Sell	-91,347	-27.7%	$11.35M	238,881
Q4 2024	MBI MBIA Inc.	MBIA Inc.	Buy - Position Entry	+10,600	-	$68.48K	10,600
Q4 2024	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-71,580	-12.3%	$50.63M	508,908
Q4 2024	NVS Novartis AG	Novartis AG	Buy	+3,600	+20.5%	$2.06M	21,181
Q4 2024	NYCB NY Community Bancorp	NY Community Bancorp	Sell	-647,465	-15.4%	$33.21M	3,559,701
Q4 2024	OGN Organon & Co.	Organon & Co.	Sell	-267,920	-14.6%	$23.38M	1,567,273
Q4 2024	PEG Public Service Enterprise Group	Public Service Enterprise Group	Buy	+24	+0.5%	$382.00K	4,524
Q4 2024	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-100	-5.3%	$274.00K	1,800
Q4 2024	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-235,935	-23.7%	$20.19M	761,090
Q4 2024	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Buy	+213	+14.6%	$323.00K	1,673
Q4 2024	PTEN Patterson-UTI Energy, Inc.	Patterson-UTI Energy, Inc.	Sell	-249,658	-11.1%	$16.49M	1,996,371
Q4 2024	RFL Rafael Holdings, Inc.	Rafael Holdings, Inc.	Sell	-100,135	-37.4%	$276.52K	167,461
Q4 2024	SEB Seaboard Corporation	Seaboard Corporation	Sell	-16	-0.2%	$21.91M	9,018
Q4 2024	TPHS Trinity Place Holdings Inc.	Trinity Place Holdings Inc.	Sell	-920,272	-60.4%	$40.34K	604,418

Page 1 of 2