Irving Kahn

Last Update: 2014-05-08

Number of Stocks: 42
Number of New Stocks: 0

Total Value: $700,505 Mil
Q/Q Turnover: 13%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Irving Kahn Watch

  • Irving Kahn’s Kahn Brothers’ Top Five Stocks at Year-End

    One of America’s oldest and most respected value investors, Irving Kahn (Trades, Portfolio), and his fund Kahn Brothers recently reported their fourth quarter holdings which boasted several hefty reductions and one sell out. Over the past quarter Kahn did not add any new stocks, but the guru still maintains 42 stocks valued at $581 million.

    The following five companies are the guru’s five largest positions.  


  • 107-Year Old Irving Kahn Buys BP, BlackBerry, New York Community Bancorp, Sells SLM, Seaboard, Bristol-Myers

    107-Year Old value investor Irving Kahn just reported his third quarter portfolio. He buys BP PLC, BlackBerry Ltd, New York Community Bancorp, Inc., Straight Path Communications Inc, sells SLM Corp, Seaboard Corporation, Bristol-Myers Squibb Company, Pfizer Inc, Dime Community Bancshares, Inc., Flushing Financial Corp, TCF Financial Corporation, Travelers Companies, Inc., CFS Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Kahn Brothers.

    Irving Kahn is another disciple of Ben Graham (he was an employee at Graham's firm). Kahn began in the investment field in 1928 (imagine being able to talk with someone who was 25 years old at the beginning of the Great Depression!). Kahn has built a remarkable investment career by following the teachings and principles of Graham. To learn more about how he invests, read his discussions of his investment philosophy.  


  • Irving Kahn’s High-Impact Sells in Third Quarter

    The third quarter portfolio of Irving Kahn of Kahn Brothers Group lists 43 stocks, two of them new, with a total value of $687 million and a 4% quarter over quarter turnover. As of Sept. 30, 2013, centenarian Irving Kahn made these four high-impact reductions. Here are Guru Kahn’s trade details and the latest company financials.

    Sallie Mae (SLM): Reduced   


  • Kahn Brothers Reduce BMY, SLM, TRV, USG, PFE, LARK in Second Quarter

    Thomas Kahn once explained The Kahn Brothers’ investment approach: “We study companies and try to find undervalued securities... We're absolute value investors focusing on asset values, book value discounts and low price to earnings ratios to normalized earnings. And we aren't interested in so-called relative values -- you know, something selling at 20 times earnings in an industry group with a 35 multiple.”

    One of America’s oldest and best value investors, Irving Kahn is still actively investing at his firm in New York. The Kahn Brothers recently updated portfolio shows 46 stocks, none of them new, with a total value of $648 million and a quarter-over-quarter turnover of 1%. The current portfolio is weighted with financial services at 39.7%, healthcare at 25% and consumer cyclical at 9.2%.  


  • 10 Stocks Meeting Benjamin Graham's NCAV Criteria in May

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In the preface to Graham's book, "The Intelligent Investor," Buffett calls it "by far the best book about investing ever written."  


  • Centenarian Investor Irving Kahn Increases

    “All the kids that believe in equations and rules will learn more as they get older.” Irving Kahn

    It's almost unbelievable that America’s oldest value investor Irving Kahn is 107. He’ll be 108-years-old on December 19, 2013. Kahn, in his early days, was a teaching assistant to Benjamin Graham at Columbia Business School. Chairman of Kahn Brothers Group, Irving Kahn has been following the market highs and lows starting before the Great Depression. With these remarkable 84 years of investing comes wisdom. Here’s a look at what the truly wise elder Guru Irving Kahn is trading as of March 31, 2013.  


  • Notes on Thrifts and 4 Stocks to Watch

    Last week I went through the Value Line section on thrifts and wrote down some notes and thoughts I have on the industry. Thrifts and small community banks have had a rough few years, but many have survived and repositioned themselves to prosper going forward. A number of them have cleaned up their balance sheets. Many of the bad loans that were written in 2005-2007 were 5-7 year balloons. Time will help heal these banks.

    More importantly, the residential real estate market is doing extremely well, and is the healthiest its been since 2005 with sales increasing and inventory stabilizing.  


  • 99-Year Old Irving Kahn Discusses His Investment Philosophy

    A couple weeks ago I wrote an article summarizing a video on Walter Schloss, who was 92 years old at the time the video was recorded. This video was one among many at the Richard Ivey School of Business in Toronto, one of the only business schools that teach value investing. I highly recommend checking out their video page which contains many other interviews with top investors. One such video I recently watched was with Irving Kahn, of Kahn Brothers, Inc.

    This video was made in 2005, shortly before Kahn's 100th birthday. Irving Kahn is still alive today and incredibly, still goes to the office to invest capital at the age of 107. So between the Schloss video and this one with Kahn, we're getting about two centuries worth of combined investment/life experience to learn from. (Maybe there is something to value investing that promotes longevity?)  


  • 6 Stocks Meeting Benjamin Graham's NCAV Criteria in 2013

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In the preface to Graham's book, "The Intelligent Investor," Buffett calls it "by far the best book about investing ever written."  


  • 5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons after him.  


  • 10 Stocks Meeting Benjamin Graham's Defensive Criteria in 2013

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons after him.  


  • The Wonder That is the 107-Year-Old Irving Kahn

    A nice article in the Wall Street Journal from Jason Zweig on the marvel that is Irving Kahn:

    When you get the chance to learn from someone with 84 years of investment experience, you should take it.  


  • How to Build a Complete Benjamin Graham Portfolio

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons after him.  


  • A Complete Benjamin Graham Analysis for Facebook

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons after him. In the preface to Graham's book, "The Intelligent Investor," Buffett calls it "by far the best book about investing ever written."  


  • Irving Kahn’s Top Sells for the Third Quarter: SYMSQ, CVX, ATT

    Irving Kahn, of the Kahn Brothers Group Inc., has updated his portfolio for the third quarter ending Sept. 30, adding shares to six stocks, selling some shares of four companies and a complete sell of all his shares with one company. With a bottom-up stock selection investment approach, Kahn focuses his investing on undervalued equity securities that are usually “out-of favor” in the market.

    “We select securities, one at a time, based on asset valuations, operating performance metrics and long-term fundamental business prospects,” stated in an investment philosophy description on the Kahn Brothers website. “Unlike many investment managers, we spend a considerable amount of effort evaluating the downside risk of every investment.”  


  • CFA Institute Interview with 106-Year Old Irving Kahn

    This is the interview of CFA Institute with 106-year Irving Kahn. Irving Kahn talks about Ben Graham.

    http://celebrate.cfainstitute.org/beginning/irving-kahn.html  


  • Irving Kahn Buys Mmodal Inc, New York Times, Patterson-Uti Energy, Citigroup, Sells Old Republic, Travelers Companies, Inc., Medco Health

    Irving Kahn Buys Mmodal Inc, New York Times, Patterson-Uti Energy, Sells Old Republic, Travelers Companies, Inc., Medco Health

    It has been a while since 106-year old value investor Irving Kahn bought into new positions. But in the last quarter he initiated a new position in Mmodal Inc. He also added to his existing positions in New York Times, Patterson-Uti Energy etc. He reduced his positions in Old Republic International Corporation, The Travelers Companies, Inc., Medco Health Sol, Dime Community Bancshares, Inc., Comcast Corporation, Newmarket Corporation, Ab Volvo (adr) during the 3-months ended 06/30/2012, according to the most recent filings of his investment company, Kahn Brothers.  


  • 106-Year-Old Investor Irving Kahn Buys No New Stocks, Adds to BAC and NYT

    Irving Kahn, value investor with unsurpassed longevity who is still involved at age 106 at the firm he founded in 1978, Kahn Brothers & Company Inc., bought no new stocks in the first quarter. He did add to eight holdings. The top two were a 54 percent increase in his Bank of America (BAC) holding, and a 16.5 percent increase in his New York Times (NYT) holding, which was his seventh consecutive quarter to add to that position. He made smaller adds to Patterson (PTEN), Citigroup (C), Provident Financial (PROV), Mmodal (MODL), Nam Tai Electronics (NTE) and Old Republic International (ORI). See the details on these latest updates to his portfolio here.

    In a December 2011 CNN interview, Kahn said that his investing “idol” is Ben Graham and that he sticks to the 20 or so stocks that he owns, meaning that the day-to-day vagaries of the businesses and the headlines do not mean much to him.  


  • 106-Year Old Irving Kahn Portfolio: Buys GNE, NYB, C, PTEN, NYT

    106-Year Old value investor Irving Kahn just reported his fourth quarter portfolio. He buys New York Community Bancorp Inc., Genie Energy Ltd. Cl B, Citigroup Inc., PattersonUTI Energy Inc., New York Times Co. Cl A, Medco Health Solutions Inc., sells BristolMyers Squibb Co., Travelers Cos Inc. during the 3-months ended 12/31/2011, according to the most recent filings of his investment company, Kahn Brothers. As of 12/31/2011, Kahn Brothers owns 49 stocks with a total value of $509 million. These are the details of the buys and sells that have the impact to portfolio of more than .1%.

    Kahn Brothers employs a bottom-up stock selection approach and invests in undervalued equity securities that are usually out of favor in the market. They usually analyze investments based on asset valuations, operating performance metrics and long-term fundamental business prospects. They also spend a considerable amount of effort evaluating the downside risk of every investment. He is quoted as saying: “I’m at the stage in life where I get a lot of pleasure out of finding a cheap stock,” adding that his research still pushes him to work evenings and weekends.  


  • Low P/E Stocks from Irving Kahn: SLM, C, BP, CVX, KEY

    Irving Kahn, along with brothers Alan and Thomas, founded Kahn Brothers & Company Inc. in 1978. The company currently has over $800 million in assets under management. Irving, who is over 100 years old, is still an active investor. He is a Chartered Financial Analyst with over 78 years experience in the investment business.

    Kahn Brothers employs a bottom-up stock selection approach and invests in undervalued equity securities that are usually out of favor in the market. They usually analyze investments based on asset valuations, operating performance metrics and long-term fundamental business prospects. They also spend a considerable amount of effort evaluating the downside risk of every investment. He is quoted as saying: “I’m at the stage in life where I get a lot of pleasure out of finding a cheap stock,” adding that his research still pushes him to work evenings and weekends.  


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