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.
Kahn Brothers views the investment process as a combination of art and science. Each investment decision has both quantitative and qualitative aspects. A key element to outstanding investment performance is bringing these two factors together.
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. “There are a lot of opportunities out there, and one shouldn’t complain, unless you don’t have good health.”
This is the portfolio chart of Irving Kahn. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
|Oil & Gas||5.4%|
These are the top 5 holdings of Irving Kahn
- Pfizer Inc. (PFE) - 2,567,809 shares, 10.9% of the total portfolio. Shares reduced by 0.81%
- Merck & Co. Inc. (MRK) - 1,203,093 shares, 8.9% of the total portfolio. Shares reduced by 8.13%
- New York Community Bancorp Inc. (NYB) - 9,016,956 shares, 8.8% of the total portfolio. Shares added by 148.18%
- BristolMyers Squibb Co. (BMY) - 1,235,472 shares, 8.5% of the total portfolio. Shares reduced by 23.3%
- MBIA Inc. (MBI) - 2,990,471 shares, 6.8% of the total portfolio. Shares reduced by 1.29%