Irving Kahn

Last Update: 2014-11-10

Number of Stocks: 44
Number of New Stocks: 1

Total Value: $615 Mil
Q/Q Turnover: 1%

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

Irving Kahn Watch

  • Irving Kahn Starts New Position In GlaxoSmithKline

    Kahn Brothers, headed by Irving Kahn (Trades, Portfolio) (108 years old), has established a new stake in GlaxoSmithKline (GSK).


    Kahn Brothers was founded in 1978 by Irving Kahn (Trades, Portfolio), who got his start at value investing in the 1930s while serving as Benjamin Graham's teaching assistant at Columbia University. The firm invests in unpopular and undervalued securities that have a margin of safety and attractive prospects for the future returns.

      


  • Irving Kahn Buys Stake in GlaxoSmithKline During Q3 2014

    During the third quarter, Irving Kahn (Trades, Portfolio) of Kahn Brothers added only one position to the portfolio, and increased his holdings in just two companies. The majority of his activity was reducing his positions in 13 companies.


    At 108 years old, Kahn is the oldest living active investment manager today. Kahn learned the principles of value investing directly from Benjamin Graham himself while serving as his teaching assistant at Columbia University in the 1930s.

      


  • Kahn Brothers' Third Quarter Numbers

    Irving Kahn (Trades, Portfolio), a legendary value investor who learned directly from Benjamin Graham, is the oldest living active investment manager at 108 years old. His Kahn Brothers Group disclosed that its equity portfolio has an market value of $614 million for the third quarter based on its 13-F filing with the SEC. The 13-F filing allows us to look at his portfolio of holdings which can give useful investment ideas.


    New Positions For Kahn Brothers

      


  • 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.  


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