Thomas Graham Portfolio Analysis: Top Holdings and Concentration

Thomas Graham, managing investments through the Kahn Brothers Group, held a substantial portfolio worth approximately $564.7 million as of December 31, 2025. This analysis focuses on the largest holdings and their allocation percentages, providing insight into the concentration within the portfolio.

The largest position was Citigroup Inc (C), representing 18.11% of the total portfolio. Graham held 876,278 shares of this Financial Services stock. The position saw a slight reduction in shares (-382) and a corresponding decrease of 0.04% year-over-year.

Bayer AG Spons ADR (BAYRY) was the second-largest holding, accounting for 12.94% of the portfolio. Graham owned 6,754,291 shares of this Healthcare stock. The position experienced a notable decrease, with shares down by 32,962 (-0.49%) and a reduction of 278,540 shares.

Flagstar Financial, Inc. (NYCB) held the third-largest allocation at 9.31%. Graham's stake in this stock saw significant reductions, with shares down by 119,540 (-2.78%) and a year-over-year decrease of $5,259,109.90.

Merck & Co. Inc. (MRK) represented 8.02% of the portfolio. Graham held 430,103 shares of this Healthcare stock, which saw a decrease of 3,647 shares (-0.84%) year-over-year.

Walt Disney (DIS) was allocated 7.95% of the portfolio. Graham held 394,369 shares of this Communication Services stock, which also saw a slight reduction in shares (-155) and a decrease of 0.04% year-over-year.

Alphabet Inc Class C (GOOG) accounted for 7.52% of the portfolio. Graham held 135,416 shares of this Communication Services stock, which saw an increase of 694 shares (+0.52%) year-over-year.

BP PLC (BP) represented 6.39% of the portfolio. Graham held 1,038,402 shares of this Energy stock, which saw a decrease of 47,205 shares (-4.35%) year-over-year.

Seaboard Corp (SEB) held an allocation of 5.73%. Graham held 7,285 shares of this Industrials stock, which saw a decrease of 439 shares (-5.68%) year-over-year.

Organon & Co (OGN) represented 4.61% of the portfolio. Graham held 3,629,451 shares of this Healthcare stock, which saw an increase of 12,606 shares (+0.35%) year-over-year.

Idt Corp Class B (IDT) completed the list of significant holdings with a 3.55% allocation. Graham held 392,011 shares of this Communication Services stock, which saw a slight decrease of 346 shares (-0.09%) year-over-year.

For a detailed view of Thomas Graham's investment profile, visit the investor profile page: Thomas Graham - Kahn Brothers Group. For specific stock information, explore the individual stock pages: Citigroup Inc (C), Bayer AG Spons ADR (BAYRY), Flagstar Financial, Inc. (NYCB), Merck & Co. Inc. (MRK), Walt Disney (DIS), Alphabet Inc Class C (GOOG), BP PLC (BP), Seaboard Corp (SEB), Organon & Co (OGN), and Idt Corp Class B (IDT).