Kahn Brothers Group Inc

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 47
Portfolio value:: $564,067,000
Filed:: May 8, 2026
CIK:: 1039565

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 8, 261 new3 added19 reduced7 exited
≡	MRK – Merck & Co. Inc.	Reduce 47.00%	−202,815	−3.17
≡	GOOG – Alphabet Inc Class C	Reduce 10.00%	−13,387	−1.32
≡	BP – BP PLC	Reduce 40.00%	−416,146	−1.20
≡	WBS – Webster Finl Co	Sell	−29,833	−0.33
≡	SEB – Seaboard Corp	Reduce 19.00%	−1,414	0.15
≡	XOM – ExxonMobil	Reduce 10.00%	−1,962	0.12
≡	BMY – Bristol-Myers Squibb	Reduce 16.00%	−31,815	−0.10
≡	MSFT – Microsoft	Reduce 13.00%	−300	−0.07
≡	NVDA – Nvidia Corp Com	Sell	−1,740	−0.06
≡	JPM – JPMorgan Chase	Reduce 19.00%	−650	−0.05
≡	AGO – Assured Guaranty LTD F	Sell	−3,110	−0.05
≡	NAVI – Navient Corp	Sell	−20,600	−0.05
≡	BN – Brookfield Corp VTG SHS CL A	Sell	−5,070	−0.04
≡	AXP – American Express Co Com	Sell	−610	−0.04
≡	AR – Antero Res Corp Com	Sell	−6,242	−0.04
≡	PNC – PNC Finl SVCS Group	Reduce 41.00%	−915	−0.03
≡	PFE – Pfizer	Reduce 12.00%	−69,217	−0.03
≡	GNE – Genie Energy	Reduce 8.00%	−15,301	−0.03
≡	GSK – GSK PLC ADR	Reduce 10.00%	−17,714	0.02
≡	BAC – Bank Of America Corp	Reduce 10.00%	−1,025	−0.02
≡	HLN – Haleon PLC	Reduce 14.00%	−8,890	−0.02
≡	PEG – Public SVC Enterprise Group	Reduce 20.00%	−900	−0.01
≡	AM – Antero Midstream	Reduce 37.00%	−7,050	−0.01
≡	VZ – Verizon	Reduce 30.00%	−2,465	−0.01
≡	ZDGE – Zedge Inc	Reduce 6.00%	−4,630	−0.01
≡	WRLC – Windrock LTD Co	Reduce 6.00%	−32	0.00
Q4 2025filed Feb 12, 2612 added11 reduced
≡	PFE – Pfizer	Reduce 22.00%	−153,194	−0.95
≡	GSK – GSK PLC ADR	Reduce 31.00%	−82,141	−0.57
≡	SEB – Seaboard Corp	Reduce 6.00%	−439	0.44
≡	BMY – Bristol-Myers Squibb	Reduce 26.00%	−70,138	−0.38
≡	AR – Antero Res Corp Com	Reduce 65.00%	−11,600	−0.07
≡	PTEN – Patterson Uti Energy	Reduce 8.00%	−143,447	0.05
≡	AXP – American Express Co Com	Reduce 47.00%	−540	−0.03
≡	CSX – CSX Corp Com	Reduce 8.00%	−3,200	−0.03
≡	RFL – Rafael Holdings Inc Class B	Reduce 63.00%	−99,428	−0.03
≡	IBM – Intl Business Machines	Reduce 19.00%	−280	−0.02
≡	BAC – Bank Of America Corp	Reduce 6.00%	−642	−0.01
Q3 2025filed Nov 12, 255 new1 added13 reduced2 exited
≡	GSK – GSK PLC ADR F SPONSORED ADR	Reduce 60.00%	−399,035	−2.97
≡	BMY – BRISTOL-MYERS SQUIBB	Reduce 51.00%	−278,349	−2.81
≡	MRK – MERCK & CO. INC.	Reduce 12.00%	−56,715	−0.95
≡	AGO – ASSURED GUARANTY LTD F	Reduce 94.00%	−41,396	−0.73
≡	SEB – SEABOARD CORP	Reduce 10.00%	−899	0.34
≡	HLN – HALEON PLC F SPONSORED ADR	Reduce 43.00%	−50,410	−0.13
≡	NVS – NOVARTIS AG SPONSORED ADR	Reduce 22.00%	−4,145	−0.10
≡	AR – ANTERO RES CORP COM	Reduce 28.00%	−7,064	−0.09
≡	TRMOY – TOURMALINE OIL CORP COM	Reduce 13.00%	−3,550	−0.07
≡	PRIOR – FIRST NATL BK ALASKA COM	Reduce 21.00%	−1,300	−0.07
≡	AIG – AMERICAN INTL GROUP INC COM NEW	Sell	−2,349	−0.04
≡	XOM – EXXONMOBIL	Reduce 6.00%	−1,200	−0.03
≡	VZ – VERIZON	Reduce 6.00%	−478	−0.01
≡	BAC – BANK OF AMERICA CORP	Reduce 6.00%	−761	−0.00
≡	TRIN – TRINITY PL HLDGS INC	Sell	−166,999	−0.00
Q2 2025filed Aug 14, 258 new7 added8 reduced12 exited
≡	GLAXF – GSK PLC	Sell	−822,227	−6.44
≡	AGO – ASSURED GUARANTY LTD F	Reduce 76.00%	−141,645	−2.54
≡	BMY – BRISTOL-MYERS SQUIBB	Reduce 8.00%	−46,745	−2.25
≡	HOLX – HOLOGIC	Sell	−19,757	−0.25
≡	JPM – JP MORGAN CHASE	Sell	−2,865	−0.14
≡	HLNCF – HALEON PLC	Reduce 36.00%	−65,872	−0.14
≡	COF – CAPITAL ONE FINL	Sell	−1,971	−0.07
≡	CI – CIGNA GROUP	Sell	−841	−0.06
≡	LWAY – LIFEWAY FOODS	Sell	−10,000	−0.05
≡	NVS – NOVARTIS AG SPONSORED ADR	Reduce 16.00%	−3,438	−0.05
≡	WEYS – WEYCO GROUP INC	Sell	−7,197	−0.04
≡	NTPIF – NAM TAI PROPERTY INC F	Sell	−36,040	−0.04
≡	BAC – BANK OF AMERICA CORP	Reduce 31.00%	−5,388	−0.03
≡	CSX – CSX CORP COM	Reduce 16.00%	−8,000	−0.02
≡	GTX – GARRETT MOTION	Sell	−12,318	−0.02
≡	PEG – PUBLIC SVC ENTERPRISE GROUP INC COM	Reduce 17.00%	−750	−0.01
≡	WBS – WEBSTER FINL CO	Reduce 7.00%	−2,165	−0.01
≡	TPHS – TRINITY PLACE HOLDINGS	Sell	−591,466	−0.01
≡	IDWM – IDW MEDIA	Sell	−36,419	−0.00
≡	VRAYQ – VIEWRAY	Sell	−353,744	0.00
Q1 2025filed May 15, 256 new5 added12 reduced3 exited
≡	AGO – ASSURED GUARANTY	Reduce 35.00%	−99,942	−2.28
≡	BMY – BRISTOL MYERS SQUIBB	Reduce 13.00%	−92,824	−1.11
≡	HOLX – HOLOGIC	Reduce 33.00%	−9,834	−0.22
≡	VOXX INTERNATIONAL	Sell	−114,676	−0.18
≡	GNE – GENIE ENERGY	Reduce 7.00%	−14,336	−0.12
≡	GLAXF – GSK PLC	Reduce 7.00%	−62,481	−0.06
≡	FNCTF – ORANGE COUNTY BANCORP	Sell	−4,000	−0.05
≡	BAC – BANK OF AMERICA	Reduce 11.00%	−2,155	−0.04
≡	HLNCF – HALEON	Reduce 9.00%	−18,724	−0.04
≡	VZ – VERIZON	Reduce 31.00%	−3,613	−0.03
≡	AR – ANTERO RESOURCES	Reduce 17.00%	−5,250	−0.03
≡	PNC – PNC BANK	Reduce 11.00%	−176	−0.02
≡	MBI – MBIA	Sell	−10,600	−0.01
≡	JSM – NAVIENT	Reduce 6.00%	−1,400	−0.01
≡	GTX – GARRETT MOTION	Reduce 7.00%	−900	−0.01
Q4 2024filed Feb 14, 253 new8 added20 reduced4 exited
≡	NYCB – NEW YORK COMMUNITY	Sell	−4,207,166	−8.14
≡	BAYRY – BAYER AG SPONS ADR	Reduce 13.00%	−653,317	−2.75
≡	DIS – DISNEY	Reduce 13.00%	−52,419	1.82
≡	BMY – BRISTOL MYERS SQUIBB	Reduce 16.00%	−135,856	1.12
≡	C – CITIGROUP	Reduce 24.00%	−279,794	1.07
≡	OGN – ORGANON	Reduce 15.00%	−267,920	−0.97
≡	GLAXF – GSK PLC	Reduce 16.00%	−174,124	−0.96
≡	BPPFF – BP PLC	Reduce 25.00%	−396,850	−0.94
≡	PTEN – PATTERSON ENERGY	Reduce 11.00%	−249,658	0.62
≡	PFE – PFIZER	Reduce 24.00%	−235,935	−0.58
≡	MRK – MERCK	Reduce 12.00%	−71,580	−0.36
≡	IDT – IDT CORP CL B	Reduce 28.00%	−91,347	0.29
≡	CREW ENERGY	Sell	−150,780	−0.14
≡	GNE – GENIE ENERGY	Reduce 25.00%	−72,969	−0.08
≡	RFL – RAFAEL HOLDING	Reduce 37.00%	−100,135	−0.03
≡	VTRS – VIATRIS	Sell	−13,623	−0.03
≡	HLNCF – HALEON	Reduce 16.00%	−38,919	−0.02
≡	PNE – PINE CLIFF ENERGY	Sell	−129,731	−0.02
≡	ZDGE – ZEDGE INC.	Reduce 19.00%	−21,083	−0.01
≡	GTX – GARRETT MOTION	Reduce 7.00%	−1,011	0.01
≡	IDWM – IDW MEDIA	Reduce 39.00%	−25,091	−0.00
≡	CI – CIGNA GROUP	Reduce 6.00%	−57	−0.00
≡	TPHS – TRINITY PLACE HOLDINGS	Reduce 60.00%	−920,272	−0.00
≡	NTPIF – NAM TAI PROPERTY INC F	Reduce 58.00%	−48,790	0.00
Q3 2024filed Nov 13, 243 new8 added5 reduced2 exited
≡	MBI – MBIA	Sell	−5,570,263	−5.14
≡	NYCB – NEW YORK COMMUNITY	Reduce 66.00%	−8,004,436	1.53
≡	VOXX INTERNATIONAL	Reduce 94.00%	−1,657,896	−0.82
≡	GLAXF – GSK PLC	Reduce 15.00%	−182,429	−0.58
≡	CVX – CHEVRONTEXACO	Sell	−1,800	−0.05
≡	JPM – JP MORGAN CHASE	Reduce 12.00%	−407	−0.01
≡	PNC – PNC BANK	Reduce 16.00%	−280	0.00
Q2 2024filed Aug 14, 241 new6 added12 reduced2 exited
≡	AGO – ASSURED GUARANTY	Reduce 69.00%	−669,493	−8.65
≡	VOXX INTERNATIONAL	Reduce 38.00%	−1,087,822	−2.51
≡	PTEN – PATTERSON ENERGY	Reduce 12.00%	−331,478	−0.65
≡	WBS – WEBSTER FINL	Reduce 79.00%	−77,113	−0.58
≡	HLNCF – HALEON	Reduce 48.00%	−228,134	−0.26
≡	BAC – BANK OF AMERICA	Reduce 44.00%	−15,064	−0.06
≡	EGLE – EAGLE BULK SHIPPING	Sell	−4,460	−0.04
≡	GBCI – GLACIER BANCORP	Sell	−6,264	−0.04
≡	VTRS – VIATRIS	Reduce 58.00%	−19,435	−0.03
≡	GTX – GARRETT MOTION	Reduce 43.00%	−9,252	−0.01
≡	CI – CIGNA GROUP	Reduce 57.00%	−625	−0.00
≡	PG – PROCTOR & GAMBLE	Reduce 15.00%	−300	−0.00
≡	JPM – JP MORGAN CHASE	Reduce 13.00%	−510	−0.00
≡	PNC – PNC BANK	Reduce 10.00%	−185	−0.00
Q1 2024filed May 15, 2413 new3 added10 reduced3 exited
≡	PTEN – PATTERSON ENERGY	Reduce 24.00%	−847,666	−1.26
≡	BB – BLACKBERRY	Sell	−1,256,824	−0.70
≡	HLNCF – HALEON	Reduce 27.00%	−171,394	−0.24
≡	NVS – NOVARTIS ADR	Reduce 15.00%	−2,650	−0.07
≡	T – AT&T	Sell	−16,737	−0.04
≡	CMCSA – COMCAST CL A	Sell	−6,410	−0.04
≡	JPM – JP MORGAN CHASE	Reduce 33.00%	−1,907	−0.04
≡	VTRS – VIATRIS	Reduce 36.00%	−18,766	−0.03
≡	BAC – BANK OF AMERICA	Reduce 17.00%	−7,084	−0.03
≡	VZ – VERIZON	Reduce 25.00%	−3,375	−0.02
≡	CVX – CHEVRONTEXACO	Reduce 26.00%	−648	−0.02
≡	HOLX – HOLOGIC	Reduce 7.00%	−2,000	−0.01
≡	XOM – EXXON MOBIL	Reduce 7.00%	−1,056	0.00

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 8, 261 new3 added19 reduced7 exited
≡	MRK – Merck & Co. Inc.	Reduce 47.00%	−202,815	−3.17
≡	GOOG – Alphabet Inc Class C	Reduce 10.00%	−13,387	−1.32
≡	BP – BP PLC	Reduce 40.00%	−416,146	−1.20
≡	WBS – Webster Finl Co	Sell	−29,833	−0.33
≡	SEB – Seaboard Corp	Reduce 19.00%	−1,414	0.15
≡	XOM – ExxonMobil	Reduce 10.00%	−1,962	0.12
≡	BMY – Bristol-Myers Squibb	Reduce 16.00%	−31,815	−0.10
≡	MSFT – Microsoft	Reduce 13.00%	−300	−0.07
≡	NVDA – Nvidia Corp Com	Sell	−1,740	−0.06
≡	JPM – JPMorgan Chase	Reduce 19.00%	−650	−0.05
≡	AGO – Assured Guaranty LTD F	Sell	−3,110	−0.05
≡	NAVI – Navient Corp	Sell	−20,600	−0.05
≡	BN – Brookfield Corp VTG SHS CL A	Sell	−5,070	−0.04
≡	AXP – American Express Co Com	Sell	−610	−0.04
≡	AR – Antero Res Corp Com	Sell	−6,242	−0.04
≡	PNC – PNC Finl SVCS Group	Reduce 41.00%	−915	−0.03
≡	PFE – Pfizer	Reduce 12.00%	−69,217	−0.03
≡	GNE – Genie Energy	Reduce 8.00%	−15,301	−0.03
≡	GSK – GSK PLC ADR	Reduce 10.00%	−17,714	0.02
≡	BAC – Bank Of America Corp	Reduce 10.00%	−1,025	−0.02
≡	HLN – Haleon PLC	Reduce 14.00%	−8,890	−0.02
≡	PEG – Public SVC Enterprise Group	Reduce 20.00%	−900	−0.01
≡	AM – Antero Midstream	Reduce 37.00%	−7,050	−0.01
≡	VZ – Verizon	Reduce 30.00%	−2,465	−0.01
≡	ZDGE – Zedge Inc	Reduce 6.00%	−4,630	−0.01
≡	WRLC – Windrock LTD Co	Reduce 6.00%	−32	0.00
Q4 2025filed Feb 12, 2612 added11 reduced
≡	PFE – Pfizer	Reduce 22.00%	−153,194	−0.95
≡	GSK – GSK PLC ADR	Reduce 31.00%	−82,141	−0.57
≡	SEB – Seaboard Corp	Reduce 6.00%	−439	0.44
≡	BMY – Bristol-Myers Squibb	Reduce 26.00%	−70,138	−0.38
≡	AR – Antero Res Corp Com	Reduce 65.00%	−11,600	−0.07
≡	PTEN – Patterson Uti Energy	Reduce 8.00%	−143,447	0.05
≡	AXP – American Express Co Com	Reduce 47.00%	−540	−0.03
≡	CSX – CSX Corp Com	Reduce 8.00%	−3,200	−0.03
≡	RFL – Rafael Holdings Inc Class B	Reduce 63.00%	−99,428	−0.03
≡	IBM – Intl Business Machines	Reduce 19.00%	−280	−0.02
≡	BAC – Bank Of America Corp	Reduce 6.00%	−642	−0.01
Q3 2025filed Nov 12, 255 new1 added13 reduced2 exited
≡	GSK – GSK PLC ADR F SPONSORED ADR	Reduce 60.00%	−399,035	−2.97
≡	BMY – BRISTOL-MYERS SQUIBB	Reduce 51.00%	−278,349	−2.81
≡	MRK – MERCK & CO. INC.	Reduce 12.00%	−56,715	−0.95
≡	AGO – ASSURED GUARANTY LTD F	Reduce 94.00%	−41,396	−0.73
≡	SEB – SEABOARD CORP	Reduce 10.00%	−899	0.34
≡	HLN – HALEON PLC F SPONSORED ADR	Reduce 43.00%	−50,410	−0.13
≡	NVS – NOVARTIS AG SPONSORED ADR	Reduce 22.00%	−4,145	−0.10
≡	AR – ANTERO RES CORP COM	Reduce 28.00%	−7,064	−0.09
≡	TRMOY – TOURMALINE OIL CORP COM	Reduce 13.00%	−3,550	−0.07
≡	PRIOR – FIRST NATL BK ALASKA COM	Reduce 21.00%	−1,300	−0.07
≡	AIG – AMERICAN INTL GROUP INC COM NEW	Sell	−2,349	−0.04
≡	XOM – EXXONMOBIL	Reduce 6.00%	−1,200	−0.03
≡	VZ – VERIZON	Reduce 6.00%	−478	−0.01
≡	BAC – BANK OF AMERICA CORP	Reduce 6.00%	−761	−0.00
≡	TRIN – TRINITY PL HLDGS INC	Sell	−166,999	−0.00
Q2 2025filed Aug 14, 258 new7 added8 reduced12 exited
≡	GLAXF – GSK PLC	Sell	−822,227	−6.44
≡	AGO – ASSURED GUARANTY LTD F	Reduce 76.00%	−141,645	−2.54
≡	BMY – BRISTOL-MYERS SQUIBB	Reduce 8.00%	−46,745	−2.25
≡	HOLX – HOLOGIC	Sell	−19,757	−0.25
≡	JPM – JP MORGAN CHASE	Sell	−2,865	−0.14
≡	HLNCF – HALEON PLC	Reduce 36.00%	−65,872	−0.14
≡	COF – CAPITAL ONE FINL	Sell	−1,971	−0.07
≡	CI – CIGNA GROUP	Sell	−841	−0.06
≡	LWAY – LIFEWAY FOODS	Sell	−10,000	−0.05
≡	NVS – NOVARTIS AG SPONSORED ADR	Reduce 16.00%	−3,438	−0.05
≡	WEYS – WEYCO GROUP INC	Sell	−7,197	−0.04
≡	NTPIF – NAM TAI PROPERTY INC F	Sell	−36,040	−0.04
≡	BAC – BANK OF AMERICA CORP	Reduce 31.00%	−5,388	−0.03
≡	CSX – CSX CORP COM	Reduce 16.00%	−8,000	−0.02
≡	GTX – GARRETT MOTION	Sell	−12,318	−0.02
≡	PEG – PUBLIC SVC ENTERPRISE GROUP INC COM	Reduce 17.00%	−750	−0.01
≡	WBS – WEBSTER FINL CO	Reduce 7.00%	−2,165	−0.01
≡	TPHS – TRINITY PLACE HOLDINGS	Sell	−591,466	−0.01
≡	IDWM – IDW MEDIA	Sell	−36,419	−0.00
≡	VRAYQ – VIEWRAY	Sell	−353,744	0.00
Q1 2025filed May 15, 256 new5 added12 reduced3 exited
≡	AGO – ASSURED GUARANTY	Reduce 35.00%	−99,942	−2.28
≡	BMY – BRISTOL MYERS SQUIBB	Reduce 13.00%	−92,824	−1.11
≡	HOLX – HOLOGIC	Reduce 33.00%	−9,834	−0.22
≡	VOXX INTERNATIONAL	Sell	−114,676	−0.18
≡	GNE – GENIE ENERGY	Reduce 7.00%	−14,336	−0.12
≡	GLAXF – GSK PLC	Reduce 7.00%	−62,481	−0.06
≡	FNCTF – ORANGE COUNTY BANCORP	Sell	−4,000	−0.05
≡	BAC – BANK OF AMERICA	Reduce 11.00%	−2,155	−0.04
≡	HLNCF – HALEON	Reduce 9.00%	−18,724	−0.04
≡	VZ – VERIZON	Reduce 31.00%	−3,613	−0.03
≡	AR – ANTERO RESOURCES	Reduce 17.00%	−5,250	−0.03
≡	PNC – PNC BANK	Reduce 11.00%	−176	−0.02
≡	MBI – MBIA	Sell	−10,600	−0.01
≡	JSM – NAVIENT	Reduce 6.00%	−1,400	−0.01
≡	GTX – GARRETT MOTION	Reduce 7.00%	−900	−0.01
Q4 2024filed Feb 14, 253 new8 added20 reduced4 exited
≡	NYCB – NEW YORK COMMUNITY	Sell	−4,207,166	−8.14
≡	BAYRY – BAYER AG SPONS ADR	Reduce 13.00%	−653,317	−2.75
≡	DIS – DISNEY	Reduce 13.00%	−52,419	1.82
≡	BMY – BRISTOL MYERS SQUIBB	Reduce 16.00%	−135,856	1.12
≡	C – CITIGROUP	Reduce 24.00%	−279,794	1.07
≡	OGN – ORGANON	Reduce 15.00%	−267,920	−0.97
≡	GLAXF – GSK PLC	Reduce 16.00%	−174,124	−0.96
≡	BPPFF – BP PLC	Reduce 25.00%	−396,850	−0.94
≡	PTEN – PATTERSON ENERGY	Reduce 11.00%	−249,658	0.62
≡	PFE – PFIZER	Reduce 24.00%	−235,935	−0.58
≡	MRK – MERCK	Reduce 12.00%	−71,580	−0.36
≡	IDT – IDT CORP CL B	Reduce 28.00%	−91,347	0.29
≡	CREW ENERGY	Sell	−150,780	−0.14
≡	GNE – GENIE ENERGY	Reduce 25.00%	−72,969	−0.08
≡	RFL – RAFAEL HOLDING	Reduce 37.00%	−100,135	−0.03
≡	VTRS – VIATRIS	Sell	−13,623	−0.03
≡	HLNCF – HALEON	Reduce 16.00%	−38,919	−0.02
≡	PNE – PINE CLIFF ENERGY	Sell	−129,731	−0.02
≡	ZDGE – ZEDGE INC.	Reduce 19.00%	−21,083	−0.01
≡	GTX – GARRETT MOTION	Reduce 7.00%	−1,011	0.01
≡	IDWM – IDW MEDIA	Reduce 39.00%	−25,091	−0.00
≡	CI – CIGNA GROUP	Reduce 6.00%	−57	−0.00
≡	TPHS – TRINITY PLACE HOLDINGS	Reduce 60.00%	−920,272	−0.00
≡	NTPIF – NAM TAI PROPERTY INC F	Reduce 58.00%	−48,790	0.00
Q3 2024filed Nov 13, 243 new8 added5 reduced2 exited
≡	MBI – MBIA	Sell	−5,570,263	−5.14
≡	NYCB – NEW YORK COMMUNITY	Reduce 66.00%	−8,004,436	1.53
≡	VOXX INTERNATIONAL	Reduce 94.00%	−1,657,896	−0.82
≡	GLAXF – GSK PLC	Reduce 15.00%	−182,429	−0.58
≡	CVX – CHEVRONTEXACO	Sell	−1,800	−0.05
≡	JPM – JP MORGAN CHASE	Reduce 12.00%	−407	−0.01
≡	PNC – PNC BANK	Reduce 16.00%	−280	0.00
Q2 2024filed Aug 14, 241 new6 added12 reduced2 exited
≡	AGO – ASSURED GUARANTY	Reduce 69.00%	−669,493	−8.65
≡	VOXX INTERNATIONAL	Reduce 38.00%	−1,087,822	−2.51
≡	PTEN – PATTERSON ENERGY	Reduce 12.00%	−331,478	−0.65
≡	WBS – WEBSTER FINL	Reduce 79.00%	−77,113	−0.58
≡	HLNCF – HALEON	Reduce 48.00%	−228,134	−0.26
≡	BAC – BANK OF AMERICA	Reduce 44.00%	−15,064	−0.06
≡	EGLE – EAGLE BULK SHIPPING	Sell	−4,460	−0.04
≡	GBCI – GLACIER BANCORP	Sell	−6,264	−0.04
≡	VTRS – VIATRIS	Reduce 58.00%	−19,435	−0.03
≡	GTX – GARRETT MOTION	Reduce 43.00%	−9,252	−0.01
≡	CI – CIGNA GROUP	Reduce 57.00%	−625	−0.00
≡	PG – PROCTOR & GAMBLE	Reduce 15.00%	−300	−0.00
≡	JPM – JP MORGAN CHASE	Reduce 13.00%	−510	−0.00
≡	PNC – PNC BANK	Reduce 10.00%	−185	−0.00
Q1 2024filed May 15, 2413 new3 added10 reduced3 exited
≡	PTEN – PATTERSON ENERGY	Reduce 24.00%	−847,666	−1.26
≡	BB – BLACKBERRY	Sell	−1,256,824	−0.70
≡	HLNCF – HALEON	Reduce 27.00%	−171,394	−0.24
≡	NVS – NOVARTIS ADR	Reduce 15.00%	−2,650	−0.07
≡	T – AT&T	Sell	−16,737	−0.04
≡	CMCSA – COMCAST CL A	Sell	−6,410	−0.04
≡	JPM – JP MORGAN CHASE	Reduce 33.00%	−1,907	−0.04
≡	VTRS – VIATRIS	Reduce 36.00%	−18,766	−0.03
≡	BAC – BANK OF AMERICA	Reduce 17.00%	−7,084	−0.03
≡	VZ – VERIZON	Reduce 25.00%	−3,375	−0.02
≡	CVX – CHEVRONTEXACO	Reduce 26.00%	−648	−0.02
≡	HOLX – HOLOGIC	Reduce 7.00%	−2,000	−0.01
≡	XOM – EXXON MOBIL	Reduce 7.00%	−1,056	0.00

Hist

Stock

Activity

Share change

% change to portfolio

Q1 2026filed May 8, 261 new3 added19 reduced7 exited

≡

MRK – Merck & Co. Inc.

Reduce 47.00%

−202,815

−3.17

≡

GOOG – Alphabet Inc Class C

Reduce 10.00%

−13,387

−1.32

≡

BP – BP PLC

Reduce 40.00%

−416,146

−1.20

≡

WBS – Webster Finl Co

Sell

−29,833

−0.33

≡

SEB – Seaboard Corp

Reduce 19.00%

−1,414

0.15

≡

XOM – ExxonMobil

Reduce 10.00%

−1,962

0.12

≡

BMY – Bristol-Myers Squibb

Reduce 16.00%

−31,815

−0.10

≡

MSFT – Microsoft

Reduce 13.00%

−300

−0.07

≡

NVDA – Nvidia Corp Com

Sell

−1,740

−0.06

≡

JPM – JPMorgan Chase

Reduce 19.00%

−650

−0.05

≡

AGO – Assured Guaranty LTD F

Sell

−3,110

−0.05

≡

NAVI – Navient Corp

Sell

−20,600

−0.05

≡

BN – Brookfield Corp VTG SHS CL A

Sell

−5,070

−0.04

≡

AXP – American Express Co Com

Sell

−610

−0.04

≡

AR – Antero Res Corp Com

Sell

−6,242

−0.04

≡

PNC – PNC Finl SVCS Group

Reduce 41.00%

−915

−0.03

≡

PFE – Pfizer

Reduce 12.00%

−69,217

−0.03

≡

GNE – Genie Energy

Reduce 8.00%

−15,301

−0.03

≡

GSK – GSK PLC ADR

Reduce 10.00%

−17,714

0.02

≡

BAC – Bank Of America Corp

Reduce 10.00%

−1,025

−0.02

≡

HLN – Haleon PLC

Reduce 14.00%

−8,890

−0.02

≡

PEG – Public SVC Enterprise Group

Reduce 20.00%

−900

−0.01

≡

AM – Antero Midstream

Reduce 37.00%

−7,050

−0.01

≡

VZ – Verizon

Reduce 30.00%

−2,465

−0.01

≡

ZDGE – Zedge Inc

Reduce 6.00%

−4,630

−0.01

≡

WRLC – Windrock LTD Co

Reduce 6.00%

−32

0.00

Q4 2025filed Feb 12, 2612 added11 reduced

≡

PFE – Pfizer

Reduce 22.00%

−153,194

−0.95

≡

GSK – GSK PLC ADR

Reduce 31.00%

−82,141

−0.57

≡

SEB – Seaboard Corp

Reduce 6.00%

−439

0.44

≡

BMY – Bristol-Myers Squibb

Reduce 26.00%

−70,138

−0.38

≡

AR – Antero Res Corp Com

Reduce 65.00%

−11,600

−0.07

≡

PTEN – Patterson Uti Energy

Reduce 8.00%

−143,447

0.05

≡

AXP – American Express Co Com

Reduce 47.00%

−540

−0.03

≡

CSX – CSX Corp Com

Reduce 8.00%

−3,200

−0.03

≡

RFL – Rafael Holdings Inc Class B

Reduce 63.00%

−99,428

−0.03

≡

IBM – Intl Business Machines

Reduce 19.00%

−280

−0.02

≡

BAC – Bank Of America Corp

Reduce 6.00%

−642

−0.01

Q3 2025filed Nov 12, 255 new1 added13 reduced2 exited

≡

GSK – GSK PLC ADR F SPONSORED ADR

Reduce 60.00%

−399,035

−2.97

≡

BMY – BRISTOL-MYERS SQUIBB

Reduce 51.00%

−278,349

−2.81

≡

MRK – MERCK & CO. INC.

Reduce 12.00%

−56,715

−0.95

≡

AGO – ASSURED GUARANTY LTD F

Reduce 94.00%

−41,396

−0.73

≡

SEB – SEABOARD CORP

Reduce 10.00%

−899

0.34

≡

HLN – HALEON PLC F SPONSORED ADR

Reduce 43.00%

−50,410

−0.13

≡

NVS – NOVARTIS AG SPONSORED ADR

Reduce 22.00%

−4,145

−0.10

≡

AR – ANTERO RES CORP COM

Reduce 28.00%

−7,064

−0.09

≡

TRMOY – TOURMALINE OIL CORP COM

Reduce 13.00%

−3,550

−0.07

≡

PRIOR – FIRST NATL BK ALASKA COM

Reduce 21.00%

−1,300

−0.07

≡

AIG – AMERICAN INTL GROUP INC COM NEW

Sell

−2,349

−0.04

≡

XOM – EXXONMOBIL

Reduce 6.00%

−1,200

−0.03

≡

VZ – VERIZON

Reduce 6.00%

−478

−0.01

≡

BAC – BANK OF AMERICA CORP

Reduce 6.00%

−761

−0.00

≡

TRIN – TRINITY PL HLDGS INC

Sell

−166,999

−0.00

Q2 2025filed Aug 14, 258 new7 added8 reduced12 exited

≡

GLAXF – GSK PLC

Sell

−822,227

−6.44

≡

AGO – ASSURED GUARANTY LTD F

Reduce 76.00%

−141,645

−2.54

≡

BMY – BRISTOL-MYERS SQUIBB

Reduce 8.00%

−46,745

−2.25

≡

HOLX – HOLOGIC

Sell

−19,757

−0.25

≡

JPM – JP MORGAN CHASE

Sell

−2,865

−0.14

≡

HLNCF – HALEON PLC

Reduce 36.00%

−65,872

−0.14

≡

COF – CAPITAL ONE FINL

Sell

−1,971

−0.07

≡

CI – CIGNA GROUP

Sell

−841

−0.06

≡

LWAY – LIFEWAY FOODS

Sell

−10,000

−0.05

≡

NVS – NOVARTIS AG SPONSORED ADR

Reduce 16.00%

−3,438

−0.05

≡

WEYS – WEYCO GROUP INC

Sell

−7,197

−0.04

≡

NTPIF – NAM TAI PROPERTY INC F

Sell

−36,040

−0.04

≡

BAC – BANK OF AMERICA CORP

Reduce 31.00%

−5,388

−0.03

≡

CSX – CSX CORP COM

Reduce 16.00%

−8,000

−0.02

≡

GTX – GARRETT MOTION

Sell

−12,318

−0.02

≡

PEG – PUBLIC SVC ENTERPRISE GROUP INC COM

Reduce 17.00%

−750

−0.01

≡

WBS – WEBSTER FINL CO

Reduce 7.00%

−2,165

−0.01

≡

TPHS – TRINITY PLACE HOLDINGS

Sell

−591,466

−0.01

≡

IDWM – IDW MEDIA

Sell

−36,419

−0.00

≡

VRAYQ – VIEWRAY

Sell

−353,744

0.00

Q1 2025filed May 15, 256 new5 added12 reduced3 exited

≡

AGO – ASSURED GUARANTY

Reduce 35.00%

−99,942

−2.28

≡

BMY – BRISTOL MYERS SQUIBB

Reduce 13.00%

−92,824

−1.11

≡

HOLX – HOLOGIC

Reduce 33.00%

−9,834

−0.22

≡

VOXX INTERNATIONAL

Sell

−114,676

−0.18

≡

GNE – GENIE ENERGY

Reduce 7.00%

−14,336

−0.12

≡

GLAXF – GSK PLC

Reduce 7.00%

−62,481

−0.06

≡

FNCTF – ORANGE COUNTY BANCORP

Sell

−4,000

−0.05

≡

BAC – BANK OF AMERICA

Reduce 11.00%

−2,155

−0.04

≡

HLNCF – HALEON

Reduce 9.00%

−18,724

−0.04

≡

VZ – VERIZON

Reduce 31.00%

−3,613

−0.03

≡

AR – ANTERO RESOURCES

Reduce 17.00%

−5,250

−0.03

≡

PNC – PNC BANK

Reduce 11.00%

−176

−0.02

≡

MBI – MBIA

Sell

−10,600

−0.01

≡

JSM – NAVIENT

Reduce 6.00%

−1,400

−0.01

≡

GTX – GARRETT MOTION

Reduce 7.00%

−900

−0.01

Q4 2024filed Feb 14, 253 new8 added20 reduced4 exited

≡

NYCB – NEW YORK COMMUNITY

Sell

−4,207,166

−8.14

≡

BAYRY – BAYER AG SPONS ADR

Reduce 13.00%

−653,317

−2.75

≡

DIS – DISNEY

Reduce 13.00%

−52,419

1.82

≡

BMY – BRISTOL MYERS SQUIBB

Reduce 16.00%

−135,856

1.12

≡

C – CITIGROUP

Reduce 24.00%

−279,794

1.07

≡

OGN – ORGANON

Reduce 15.00%

−267,920

−0.97

≡

GLAXF – GSK PLC

Reduce 16.00%

−174,124

−0.96

≡

BPPFF – BP PLC

Reduce 25.00%

−396,850

−0.94

≡

PTEN – PATTERSON ENERGY

Reduce 11.00%

−249,658

0.62

≡

PFE – PFIZER

Reduce 24.00%

−235,935

−0.58

≡

MRK – MERCK

Reduce 12.00%

−71,580

−0.36

≡

IDT – IDT CORP CL B

Reduce 28.00%

−91,347

0.29

≡

CREW ENERGY

Sell

−150,780

−0.14

≡

GNE – GENIE ENERGY

Reduce 25.00%

−72,969

−0.08

≡

RFL – RAFAEL HOLDING

Reduce 37.00%

−100,135

−0.03

≡

VTRS – VIATRIS

Sell

−13,623

−0.03

≡

HLNCF – HALEON

Reduce 16.00%

−38,919

−0.02

≡

PNE – PINE CLIFF ENERGY

Sell

−129,731

−0.02

≡

ZDGE – ZEDGE INC.

Reduce 19.00%

−21,083

−0.01

≡

GTX – GARRETT MOTION

Reduce 7.00%

−1,011

0.01

≡

IDWM – IDW MEDIA

Reduce 39.00%

−25,091

−0.00

≡

CI – CIGNA GROUP

Reduce 6.00%

−57

−0.00

≡

TPHS – TRINITY PLACE HOLDINGS

Reduce 60.00%

−920,272

−0.00

≡

NTPIF – NAM TAI PROPERTY INC F

Reduce 58.00%

−48,790

0.00

Q3 2024filed Nov 13, 243 new8 added5 reduced2 exited

≡

MBI – MBIA

Sell

−5,570,263

−5.14

≡

NYCB – NEW YORK COMMUNITY

Reduce 66.00%

−8,004,436

1.53

≡

VOXX INTERNATIONAL

Reduce 94.00%

−1,657,896

−0.82

≡

GLAXF – GSK PLC

Reduce 15.00%

−182,429

−0.58

≡

CVX – CHEVRONTEXACO

Sell

−1,800

−0.05

≡

JPM – JP MORGAN CHASE

Reduce 12.00%

−407

−0.01

≡

PNC – PNC BANK

Reduce 16.00%

−280

0.00

Q2 2024filed Aug 14, 241 new6 added12 reduced2 exited

≡

AGO – ASSURED GUARANTY

Reduce 69.00%

−669,493

−8.65

≡

VOXX INTERNATIONAL

Reduce 38.00%

−1,087,822

−2.51

≡

PTEN – PATTERSON ENERGY

Reduce 12.00%

−331,478

−0.65

≡

WBS – WEBSTER FINL

Reduce 79.00%

−77,113

−0.58

≡

HLNCF – HALEON

Reduce 48.00%

−228,134

−0.26

≡

BAC – BANK OF AMERICA

Reduce 44.00%

−15,064

−0.06

≡

EGLE – EAGLE BULK SHIPPING

Sell

−4,460

−0.04

≡

GBCI – GLACIER BANCORP

Sell

−6,264

−0.04

≡

VTRS – VIATRIS

Reduce 58.00%

−19,435

−0.03

≡

GTX – GARRETT MOTION

Reduce 43.00%

−9,252

−0.01

≡

CI – CIGNA GROUP

Reduce 57.00%

−625

−0.00

≡

PG – PROCTOR & GAMBLE

Reduce 15.00%

−300

−0.00

≡

JPM – JP MORGAN CHASE

Reduce 13.00%

−510

−0.00

≡

PNC – PNC BANK

Reduce 10.00%

−185

−0.00

Q1 2024filed May 15, 2413 new3 added10 reduced3 exited

≡

PTEN – PATTERSON ENERGY

Reduce 24.00%

−847,666

−1.26

≡

BB – BLACKBERRY

Sell

−1,256,824

−0.70

≡

HLNCF – HALEON

Reduce 27.00%

−171,394

−0.24

≡

NVS – NOVARTIS ADR

Reduce 15.00%

−2,650

−0.07

≡

T – AT&T

Sell

−16,737

−0.04

≡

CMCSA – COMCAST CL A

Sell

−6,410

−0.04

≡

JPM – JP MORGAN CHASE

Reduce 33.00%

−1,907

−0.04

≡

VTRS – VIATRIS

Reduce 36.00%

−18,766

−0.03

≡

BAC – BANK OF AMERICA

Reduce 17.00%

−7,084

−0.03

≡

VZ – VERIZON

Reduce 25.00%

−3,375

−0.02

≡

CVX – CHEVRONTEXACO

Reduce 26.00%

−648

−0.02

≡

HOLX – HOLOGIC

Reduce 7.00%

−2,000

−0.01

≡

XOM – EXXON MOBIL

Reduce 7.00%

−1,056

0.00