Thomas Graham, Alan, Irving Kahns - Kahn Brothers Group 13F Activity & Position Changes (Q4 2025)

According to the SEC 13F filed on Feb 12, 2026, the Kahn Brothers Group portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 Q4 2025, the filing reported:

New Buys - None reported

Increases - Tourmaline Oil, Apple Inc., Brookfield Corporation, Blackstone Inc., Comcast Corporation, and 11 more

Reductions - First National Bank Alaska, Antero Resources Corporation, American Express Company, Bank of America Corporation, Bayer A.G., and 20 more

Complete Exits - None reported

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 2025	32112J106 First National Bank Alaska	First National Bank Alaska	Sell	-70	-1.4%	$1.47M	4,920
Q4 2025	89156V106 Tourmaline Oil	Tourmaline Oil	Buy	+2,550	+10.4%	$1.21M	26,959
Q4 2025	AAPL Apple Inc.	Apple Inc.	Buy	+100	+3.3%	$840.59K	3,092
Q4 2025	AR Antero Resources Corporation	Antero Resources Corporation	Sell	-11,600	-65.0%	$215.10K	6,242
Q4 2025	AXP American Express Company	American Express Company	Sell	-540	-47.0%	$225.67K	610
Q4 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-642	-5.8%	$576.62K	10,484
Q4 2025	BAYRY Bayer A.G.	Bayer A.G.	Sell	-32,962	-0.5%	$73.08M	6,754,291
Q4 2025	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-70,138	-25.8%	$10.91M	202,196
Q4 2025	BN Brookfield Corporation	Brookfield Corporation	Buy	+1,690	+50.0%	$233.12K	5,070
Q4 2025	BP BP p.l.c.	BP p.l.c.	Sell	-47,205	-4.3%	$36.06M	1,038,402
Q4 2025	BX Blackstone Inc.	Blackstone Inc.	Buy	+800	+53.3%	$354.52K	2,300
Q4 2025	C Citigroup, Inc.	Citigroup, Inc.	Sell	-382	-0.0%	$102.25M	876,278
Q4 2025	CMCSA Comcast Corporation	Comcast Corporation	Buy	+645	+10.1%	$209.98K	7,025
Q4 2025	CSX CSX Corporation	CSX Corporation	Sell	-3,200	-7.9%	$1.36M	37,531
Q4 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-155	-0.0%	$44.87M	394,369
Q4 2025	G0585R106 Assured Guaranty	Assured Guaranty	Buy	+520	+20.1%	$279.50K	3,110
Q4 2025	GNE Genie Energy Ltd.	Genie Energy Ltd.	Sell	-1,560	-0.8%	$2.62M	190,312
Q4 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+694	+0.5%	$42.49M	135,416
Q4 2025	GSK GSK plc	GSK plc	Sell	-82,141	-31.5%	$8.76M	178,696
Q4 2025	HLN Haleon plc	Haleon plc	Sell	-2,706	-4.0%	$660.39K	65,321
Q4 2025	IBM International Business Machines	International Business Machines	Sell	-280	-18.6%	$363.75K	1,228
Q4 2025	IDT IDT Corporation	IDT Corporation	Sell	-346	-0.1%	$20.07M	392,011
Q4 2025	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+800	+30.0%	$1.12M	3,468
Q4 2025	MBI MBIA Inc.	MBIA Inc.	Sell	-1,010	-0.1%	$7.37M	1,028,784
Q4 2025	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-3,647	-0.8%	$45.27M	430,103
Q4 2025	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+487	+25.6%	$1.16M	2,392
Q4 2025	NVS Novartis AG	Novartis AG	Sell	-648	-4.5%	$1.89M	13,678
Q4 2025	NYCB NY Community Bancorp	NY Community Bancorp	Sell	-119,540	-2.8%	$52.59M	4,177,212
Q4 2025	OGN Organon & Co.	Organon & Co.	Buy	+12,606	+0.3%	$26.02M	3,629,451
Q4 2025	PEG Public Service Enterprise Group	Public Service Enterprise Group	Buy	+800	+22.1%	$355.25K	4,424

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