Kahn Brothers Group's Portfolio Shifts in Q1 2026: Focus on Healthcare and Tech Stocks
Thomas Graham's portfolio at Kahn Brothers Group reached $564 million as of March 2026, with notable increases in Organon & Co and Zillow Group, while several holdings saw significant reductions.
As of March 31, 2026, Thomas Graham's portfolio managed through Kahn Brothers Group stands at a total value of $564,065,307. This comprehensive review examines observable changes in the portfolio during the most recent quarter, focusing on holdings that experienced increases, decreases, or remained unchanged in allocation.
The portfolio's top holdings, representing significant portions of the total value, show varied activity. In the Healthcare sector, Bayer AG Spons ADR (BAYRY) saw a slight decrease in shares (-3.56%), while Organon & Co (OGN) experienced a substantial increase (+52.56% in shares). Walt Disney (DIS) and Alphabet Inc Class C (GOOG), both in the Communication Services sector, also saw reductions (-3.92% and -9.89% respectively). BP PLC (BP) in Energy and Merck & Co. Inc. (MRK) in Healthcare both reported significant declines (-40.08% and -47.15% respectively). Notably, Seaboard Corp (SEB) in Industrials saw a large decrease (-19.41%) despite a high portfolio allocation, and Flagstar Financial, Inc. (NYCB) in the Financial Services sector also decreased (-2.24%).
A particularly noteworthy purchase during this period was the initiation or significant expansion of the position in Organon & Co (OGN), evidenced by the 52.56% increase in shares held. Similarly, the position in Zillow Group (Z) appears to have been fully established during this quarter, as indicated by the 100% increase in shares and the resulting portfolio allocation of 4.0%. For detailed information on these holdings, please visit Organon & Co and Zillow Group.
Conversely, several major holdings saw substantial reductions. Citigroup Inc (C) in Financial Services decreased by 4.04%, Bayer AG Spons ADR (BAYRY) by 3.56%, Flagstar Financial, Inc. (NYCB) by 2.24%, Walt Disney (DIS) by 3.92%, Alphabet Inc Class C (GOOG) by 9.89%, Seaboard Corp (SEB) by 19.41%, BP PLC (BP) by 40.08%, and Merck & Co. Inc. (MRK) by 47.15%. These significant declines suggest strategic exits or underperformance. For more details on these companies, please refer to Kahn Brothers Group and the respective company pages.
No new positions were initiated beyond those reflected in the top holdings list, and no positions appear to have been fully exited during this reporting period, as all listed holdings maintain their portfolio allocation percentages.