Irving Kahn, world’s oldest value investor, served as the second teaching assistant to Benjamin Graham at the Columbia Business. He helped Ben Graham with his seminal book, Security Analysis. At the age of 102, he is still calling companies’ IR. This is his buys and sells during the second quarter.
Irving Kahn sells Devcon International Corp., Honeywell International Inc. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 60 stocks with a total value of $709 million. These are the details of the buys and sells.
Added Positions: FPFC, PFE,
Reduced Positions: ANAT, BAC, CITZ, CMCSA, CNA, DLM, FNFG, MON, NEU, NITE, NYM, STR, T, TRV, USU,
Sold Out: DEVC, HON,
Added: Pfizer Inc. (PFE, Financial)
Irving Kahn added to his holdings in Pharmaceuticals company Pfizer Inc. by 13.52%. His purchase prices were between $25.38 and $27.68, with an estimated average price of $26.6. The impact to his portfolio due to this purchase was 0.62%. His holdings were 1,438,531 shares as of 06/30/2007. Shares of Pfizer Inc. were traded at around $23.79.
Added: First Place Financial Corp. (FPFC, Financial)
Irving Kahn added to his holdings in Banks company First Place Financial Corp. by 11.53%. His purchase prices were between $19.45 and $21.62, with an estimated average price of $20.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 23,143 shares as of 06/30/2007. Shares of First Place Financial Corp. were traded at around $15.69.
Reduced: The Travelers Companies Inc Common Stock (TRV, Financial)
Irving Kahn reduced to his holdings in Banks company The Travelers Companies Inc Common Stock by 32.3%. His sale prices were between $52.38 and $56.46, with an estimated average price of $54. The impact to his portfolio due to this sale was 1.18%. Irving Kahn still held 207,399 shares as of 06/30/2007. Shares of The Travelers Companies Inc Common Stock were traded at around $50.65.
Reduced: First Niagara Financial Group (FNFG, Financial)
Irving Kahn reduced to his holdings in Banks company First Niagara Financial Group by 30.79%. His sale prices were between $13.22 and $14.13, with an estimated average price of $13.7. The impact to his portfolio due to this sale was 1.09%. Irving Kahn still held 770,328 shares as of 06/30/2007. Shares of First Niagara Financial Group were traded at around $12.3.
Reduced: Nymagic Inc. (NYM, Financial)
Irving Kahn reduced to his holdings in Property & Casualty Insurance company Nymagic Inc. by 34.73%. His sale prices were between $39.76 and $44.28, with an estimated average price of $42. The impact to his portfolio due to this sale was 1.02%. Irving Kahn still held 244,427 shares as of 06/30/2007. Shares of Nymagic Inc. were traded at around $35.65.
Reduced: Comcast Corp. (CMCSA, Financial)
Irving Kahn reduced to his holdings in Broadcasting & Entertainment company Comcast Corp. by 24.46%. His sale prices were between $26.33 and $28.18, with an estimated average price of $27.3. The impact to his portfolio due to this sale was 0.38%. Irving Kahn still held 117,692 shares as of 06/30/2007. Shares of Comcast Corp. were traded at around $26.66.
Reduced: Bank Of America Corp. (de) (BAC, Financial)
Irving Kahn reduced to his holdings in Banks company Bank Of America Corp. (de) by 23.43%. His sale prices were between $48.95 and $50.78, with an estimated average price of $50.2. The impact to his portfolio due to this sale was 0.27%. Irving Kahn still held 48,093 shares as of 06/30/2007. Shares of Bank Of America Corp. (de) were traded at around $47.41.
Reduced: Cfs Bancorp Inc. (CITZ, Financial)
Irving Kahn reduced to his holdings in Banks company Cfs Bancorp Inc. by 33.83%. His sale prices were between $14.41 and $14.88, with an estimated average price of $14.7. The impact to his portfolio due to this sale was 0.2%. Irving Kahn still held 129,496 shares as of 06/30/2007. Shares of Cfs Bancorp Inc. were traded at around $14.4.
Reduced: At&t Corp. (T, Financial)
Irving Kahn reduced to his holdings in Fixed Line Telecom company At&t Corp. by 23.01%. His sale prices were between $38.31 and $40.74, with an estimated average price of $39.5. The impact to his portfolio due to this sale was 0.19%. Irving Kahn still held 39,746 shares as of 06/30/2007. Shares of At&t Corp. were traded at around $39.24.
Reduced: American National Insurance Co (ANAT, Financial)
Irving Kahn reduced to his holdings in Life Insurance company American National Insurance Co by 30.62%. His sale prices were between $128.56 and $155.36, with an estimated average price of $138.7. The impact to his portfolio due to this sale was 0.16%. Irving Kahn still held 9,947 shares as of 06/30/2007. Shares of American National Insurance Co were traded at around $148.54.
Reduced: Monsanto Co. (MON, Financial)
Irving Kahn reduced to his holdings in Biotechnology company Monsanto Co. by 23.43%. His sale prices were between $57.45 and $67.43, with an estimated average price of $61.2. The impact to his portfolio due to this sale was 0.15%. Irving Kahn still held 20,216 shares as of 06/30/2007. Shares of Monsanto Co. were traded at around $63.45.
Reduced: Questar Corp. (STR)
Irving Kahn reduced to his holdings in Gas Distribution company Questar Corp. by 38.1%. His sale prices were between $46.3 and $55.42, with an estimated average price of $50.7. The impact to his portfolio due to this sale was 0.09%. Irving Kahn still held 15,600 shares as of 06/30/2007. Shares of Questar Corp. were traded at around $49.57.
Reduced: Cna Financial Corp. (CNA)
Irving Kahn reduced to his holdings in Full Line Insurance company Cna Financial Corp. by 94.3%. His sale prices were between $44.32 and $50.77, with an estimated average price of $48. The impact to his portfolio due to this sale was 0.08%. Irving Kahn still held 24,073 shares as of 06/30/2007. Shares of Cna Financial Corp. were traded at around $43.33.
Reduced: Newmarket Corp. (NEU)
Irving Kahn reduced to his holdings in Specialty Chemicals company Newmarket Corp. by 37.51%. His sale prices were between $39.33 and $49.49, with an estimated average price of $47. The impact to his portfolio due to this sale was 0.07%. Irving Kahn still held 14,023 shares as of 06/30/2007. Shares of Newmarket Corp. were traded at around $42.93.
Reduced: Usec Inc. (USU)
Irving Kahn reduced to his holdings in Electricity company Usec Inc. by 82.73%. His sale prices were between $17.53 and $23.91, with an estimated average price of $21.4. The impact to his portfolio due to this sale was 0.05%. Irving Kahn still held 32,910 shares as of 06/30/2007. Shares of Usec Inc. were traded at around $16.94.
Reduced: Knight Capital Group Inc. (NITE)
Irving Kahn reduced to his holdings in Investment Services company Knight Capital Group Inc. by 86.66%. His sale prices were between $16.08 and $18.13, with an estimated average price of $17. The impact to his portfolio due to this sale was 0.03%. Irving Kahn still held 24,150 shares as of 06/30/2007. Shares of Knight Capital Group Inc. were traded at around $14.11.
Reduced: Del Monte Foods Co. (DLM)
Irving Kahn reduced to his holdings in Food Products company Del Monte Foods Co. by 22.73%. His sale prices were between $11.45 and $12.18, with an estimated average price of $11.8. The impact to his portfolio due to this sale was 0.02%. Irving Kahn still held 17,000 shares as of 06/30/2007. Shares of Del Monte Foods Co. were traded at around $11.56.
Sold Out: Devcon International Corp. (DEVC)
Irving Kahn sold out his holdings in Building Materials & Fixtures company Devcon International Corp.. His sale prices were between $3.08 and $4.41, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Devcon International Corp. were traded at around $3.15.
Sold Out: Honeywell International Inc. (HON)
Irving Kahn sold out his holdings in Diversified Industrials company Honeywell International Inc.. His sale prices were between $46.83 and $58.87, with an estimated average price of $55.1. The impact to his portfolio due to this sale was less than 0.01%. Shares of Honeywell International Inc. were traded at around $58.61.
Irving Kahn sells Devcon International Corp., Honeywell International Inc. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 60 stocks with a total value of $709 million. These are the details of the buys and sells.
Added Positions: FPFC, PFE,
Reduced Positions: ANAT, BAC, CITZ, CMCSA, CNA, DLM, FNFG, MON, NEU, NITE, NYM, STR, T, TRV, USU,
Sold Out: DEVC, HON,
Added: Pfizer Inc. (PFE, Financial)
Irving Kahn added to his holdings in Pharmaceuticals company Pfizer Inc. by 13.52%. His purchase prices were between $25.38 and $27.68, with an estimated average price of $26.6. The impact to his portfolio due to this purchase was 0.62%. His holdings were 1,438,531 shares as of 06/30/2007. Shares of Pfizer Inc. were traded at around $23.79.
Added: First Place Financial Corp. (FPFC, Financial)
Irving Kahn added to his holdings in Banks company First Place Financial Corp. by 11.53%. His purchase prices were between $19.45 and $21.62, with an estimated average price of $20.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 23,143 shares as of 06/30/2007. Shares of First Place Financial Corp. were traded at around $15.69.
Reduced: The Travelers Companies Inc Common Stock (TRV, Financial)
Irving Kahn reduced to his holdings in Banks company The Travelers Companies Inc Common Stock by 32.3%. His sale prices were between $52.38 and $56.46, with an estimated average price of $54. The impact to his portfolio due to this sale was 1.18%. Irving Kahn still held 207,399 shares as of 06/30/2007. Shares of The Travelers Companies Inc Common Stock were traded at around $50.65.
Reduced: First Niagara Financial Group (FNFG, Financial)
Irving Kahn reduced to his holdings in Banks company First Niagara Financial Group by 30.79%. His sale prices were between $13.22 and $14.13, with an estimated average price of $13.7. The impact to his portfolio due to this sale was 1.09%. Irving Kahn still held 770,328 shares as of 06/30/2007. Shares of First Niagara Financial Group were traded at around $12.3.
Reduced: Nymagic Inc. (NYM, Financial)
Irving Kahn reduced to his holdings in Property & Casualty Insurance company Nymagic Inc. by 34.73%. His sale prices were between $39.76 and $44.28, with an estimated average price of $42. The impact to his portfolio due to this sale was 1.02%. Irving Kahn still held 244,427 shares as of 06/30/2007. Shares of Nymagic Inc. were traded at around $35.65.
Reduced: Comcast Corp. (CMCSA, Financial)
Irving Kahn reduced to his holdings in Broadcasting & Entertainment company Comcast Corp. by 24.46%. His sale prices were between $26.33 and $28.18, with an estimated average price of $27.3. The impact to his portfolio due to this sale was 0.38%. Irving Kahn still held 117,692 shares as of 06/30/2007. Shares of Comcast Corp. were traded at around $26.66.
Reduced: Bank Of America Corp. (de) (BAC, Financial)
Irving Kahn reduced to his holdings in Banks company Bank Of America Corp. (de) by 23.43%. His sale prices were between $48.95 and $50.78, with an estimated average price of $50.2. The impact to his portfolio due to this sale was 0.27%. Irving Kahn still held 48,093 shares as of 06/30/2007. Shares of Bank Of America Corp. (de) were traded at around $47.41.
Reduced: Cfs Bancorp Inc. (CITZ, Financial)
Irving Kahn reduced to his holdings in Banks company Cfs Bancorp Inc. by 33.83%. His sale prices were between $14.41 and $14.88, with an estimated average price of $14.7. The impact to his portfolio due to this sale was 0.2%. Irving Kahn still held 129,496 shares as of 06/30/2007. Shares of Cfs Bancorp Inc. were traded at around $14.4.
Reduced: At&t Corp. (T, Financial)
Irving Kahn reduced to his holdings in Fixed Line Telecom company At&t Corp. by 23.01%. His sale prices were between $38.31 and $40.74, with an estimated average price of $39.5. The impact to his portfolio due to this sale was 0.19%. Irving Kahn still held 39,746 shares as of 06/30/2007. Shares of At&t Corp. were traded at around $39.24.
Reduced: American National Insurance Co (ANAT, Financial)
Irving Kahn reduced to his holdings in Life Insurance company American National Insurance Co by 30.62%. His sale prices were between $128.56 and $155.36, with an estimated average price of $138.7. The impact to his portfolio due to this sale was 0.16%. Irving Kahn still held 9,947 shares as of 06/30/2007. Shares of American National Insurance Co were traded at around $148.54.
Reduced: Monsanto Co. (MON, Financial)
Irving Kahn reduced to his holdings in Biotechnology company Monsanto Co. by 23.43%. His sale prices were between $57.45 and $67.43, with an estimated average price of $61.2. The impact to his portfolio due to this sale was 0.15%. Irving Kahn still held 20,216 shares as of 06/30/2007. Shares of Monsanto Co. were traded at around $63.45.
Reduced: Questar Corp. (STR)
Irving Kahn reduced to his holdings in Gas Distribution company Questar Corp. by 38.1%. His sale prices were between $46.3 and $55.42, with an estimated average price of $50.7. The impact to his portfolio due to this sale was 0.09%. Irving Kahn still held 15,600 shares as of 06/30/2007. Shares of Questar Corp. were traded at around $49.57.
Reduced: Cna Financial Corp. (CNA)
Irving Kahn reduced to his holdings in Full Line Insurance company Cna Financial Corp. by 94.3%. His sale prices were between $44.32 and $50.77, with an estimated average price of $48. The impact to his portfolio due to this sale was 0.08%. Irving Kahn still held 24,073 shares as of 06/30/2007. Shares of Cna Financial Corp. were traded at around $43.33.
Reduced: Newmarket Corp. (NEU)
Irving Kahn reduced to his holdings in Specialty Chemicals company Newmarket Corp. by 37.51%. His sale prices were between $39.33 and $49.49, with an estimated average price of $47. The impact to his portfolio due to this sale was 0.07%. Irving Kahn still held 14,023 shares as of 06/30/2007. Shares of Newmarket Corp. were traded at around $42.93.
Reduced: Usec Inc. (USU)
Irving Kahn reduced to his holdings in Electricity company Usec Inc. by 82.73%. His sale prices were between $17.53 and $23.91, with an estimated average price of $21.4. The impact to his portfolio due to this sale was 0.05%. Irving Kahn still held 32,910 shares as of 06/30/2007. Shares of Usec Inc. were traded at around $16.94.
Reduced: Knight Capital Group Inc. (NITE)
Irving Kahn reduced to his holdings in Investment Services company Knight Capital Group Inc. by 86.66%. His sale prices were between $16.08 and $18.13, with an estimated average price of $17. The impact to his portfolio due to this sale was 0.03%. Irving Kahn still held 24,150 shares as of 06/30/2007. Shares of Knight Capital Group Inc. were traded at around $14.11.
Reduced: Del Monte Foods Co. (DLM)
Irving Kahn reduced to his holdings in Food Products company Del Monte Foods Co. by 22.73%. His sale prices were between $11.45 and $12.18, with an estimated average price of $11.8. The impact to his portfolio due to this sale was 0.02%. Irving Kahn still held 17,000 shares as of 06/30/2007. Shares of Del Monte Foods Co. were traded at around $11.56.
Sold Out: Devcon International Corp. (DEVC)
Irving Kahn sold out his holdings in Building Materials & Fixtures company Devcon International Corp.. His sale prices were between $3.08 and $4.41, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Devcon International Corp. were traded at around $3.15.
Sold Out: Honeywell International Inc. (HON)
Irving Kahn sold out his holdings in Diversified Industrials company Honeywell International Inc.. His sale prices were between $46.83 and $58.87, with an estimated average price of $55.1. The impact to his portfolio due to this sale was less than 0.01%. Shares of Honeywell International Inc. were traded at around $58.61.
