{
 "manager": "Kahn Brothers",
 "page": "https://www.moatshark.com/m/kahn-brothers",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-17",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1039565/000103956526000006/0001039565-26-000006-index.htm",
 "total_value_usd": 632672050,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Citigroup",
   "ticker": "C",
   "moatshark_slug": "c",
   "sector": "Financials",
   "value_usd": 117053726,
   "shares": 836337,
   "portfolio_pct": 18.5,
   "previous_pct": 16.91,
   "change": "REDUCE",
   "share_change_pct": -0.5,
   "quarters_held": 18
  },
  {
   "company": "Bayer AG Spons",
   "ticker": "BAYRY",
   "moatshark_slug": "bayry",
   "sector": null,
   "value_usd": 89307717,
   "shares": 6518603,
   "portfolio_pct": 14.12,
   "previous_pct": 13.26,
   "change": "ADD",
   "share_change_pct": 0.1,
   "quarters_held": 11
  },
  {
   "company": "Flagstar Financial",
   "ticker": "FLG",
   "moatshark_slug": "nycb",
   "sector": "Financials",
   "value_usd": 60876316,
   "shares": 4074720,
   "portfolio_pct": 9.62,
   "previous_pct": 9.53,
   "change": "REDUCE",
   "share_change_pct": -0.2,
   "quarters_held": 7
  },
  {
   "company": "Alphabet",
   "ticker": "GOOG",
   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 42719716,
   "shares": 120906,
   "portfolio_pct": 6.75,
   "previous_pct": 6.21,
   "change": "REDUCE",
   "share_change_pct": -0.9,
   "quarters_held": 5
  },
  {
   "company": "Zillow Group",
   "ticker": "Z",
   "moatshark_slug": "z",
   "sector": "Real estate",
   "value_usd": 37264866,
   "shares": 1182261,
   "portfolio_pct": 5.89,
   "previous_pct": 4,
   "change": "ADD",
   "share_change_pct": 116.8,
   "quarters_held": 2
  },
  {
   "company": "Organon & Co",
   "ticker": "OGN",
   "moatshark_slug": "ogn",
   "sector": "Health care",
   "value_usd": 36158881,
   "shares": 2670523,
   "portfolio_pct": 5.72,
   "previous_pct": 5.88,
   "change": "REDUCE",
   "share_change_pct": -51.8,
   "quarters_held": 21
  },
  {
   "company": "Walt Disney",
   "ticker": "DIS",
   "moatshark_slug": "dis",
   "sector": "Consumer discretionary",
   "value_usd": 34562605,
   "shares": 359092,
   "portfolio_pct": 5.46,
   "previous_pct": 6.47,
   "change": "REDUCE",
   "share_change_pct": -5.2,
   "quarters_held": 10
  },
  {
   "company": "Merck & Co.",
   "ticker": "MRK",
   "moatshark_slug": "mrk",
   "sector": "Health care",
   "value_usd": 28036427,
   "shares": 218182,
   "portfolio_pct": 4.43,
   "previous_pct": 4.85,
   "change": "REDUCE",
   "share_change_pct": -4,
   "quarters_held": 18
  },
  {
   "company": "Mbia",
   "ticker": "MBI",
   "moatshark_slug": "mbi",
   "sector": "Insurance",
   "value_usd": 27474758,
   "shares": 4213920,
   "portfolio_pct": 4.34,
   "previous_pct": 2.15,
   "change": "ADD",
   "share_change_pct": 104.9,
   "quarters_held": 4
  },
  {
   "company": "Seaport Entertainment Group",
   "ticker": "SEG",
   "moatshark_slug": "seg",
   "sector": "Consumer discretionary",
   "value_usd": 24392333,
   "shares": 917005,
   "portfolio_pct": 3.86,
   "previous_pct": 3.4,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 4
  },
  {
   "company": "Seaboard",
   "ticker": "SEB",
   "moatshark_slug": "seb",
   "sector": "Other",
   "value_usd": 24058274,
   "shares": 5389,
   "portfolio_pct": 3.8,
   "previous_pct": 5.88,
   "change": "REDUCE",
   "share_change_pct": -8.2,
   "quarters_held": 53
  },
  {
   "company": "BP",
   "ticker": "BP",
   "moatshark_slug": "bp",
   "sector": "Energy",
   "value_usd": 23093713,
   "shares": 624999,
   "portfolio_pct": 3.65,
   "previous_pct": 5.18,
   "change": "ADD",
   "share_change_pct": 0.4,
   "quarters_held": 39
  },
  {
   "company": "Idt",
   "ticker": "IDT",
   "moatshark_slug": "idt",
   "sector": "Communication and media",
   "value_usd": 20452545,
   "shares": 351660,
   "portfolio_pct": 3.23,
   "previous_pct": 3.24,
   "change": "REDUCE",
   "share_change_pct": -5.6,
   "quarters_held": 18
  },
  {
   "company": "Patterson-Uti Energy",
   "ticker": "PTEN",
   "moatshark_slug": "pten",
   "sector": "Energy",
   "value_usd": 15273298,
   "shares": 1663758,
   "portfolio_pct": 2.41,
   "previous_pct": 3.25,
   "change": "REDUCE",
   "share_change_pct": -1.6,
   "quarters_held": 53
  },
  {
   "company": "Pfizer",
   "ticker": "PFE",
   "moatshark_slug": "pfe",
   "sector": "Health care",
   "value_usd": 11173144,
   "shares": 464001,
   "portfolio_pct": 1.77,
   "previous_pct": 2.41,
   "change": "REDUCE",
   "share_change_pct": -4.3,
   "quarters_held": 53
  },
  {
   "company": "Bristol-Myers Squibb",
   "ticker": "BMY",
   "moatshark_slug": "bmy",
   "sector": "Health care",
   "value_usd": 10034638,
   "shares": 174152,
   "portfolio_pct": 1.59,
   "previous_pct": 1.83,
   "change": "ADD",
   "share_change_pct": 2.2,
   "quarters_held": 53
  },
  {
   "company": "GSK",
   "ticker": "GSK",
   "moatshark_slug": "gsk",
   "sector": "Health care",
   "value_usd": 8305319,
   "shares": 158438,
   "portfolio_pct": 1.31,
   "previous_pct": 1.58,
   "change": "REDUCE",
   "share_change_pct": -1.6,
   "quarters_held": 5
  },
  {
   "company": "Exxon Mobil",
   "ticker": "EXMOC",
   "moatshark_slug": "exmoc",
   "sector": null,
   "value_usd": 2413791,
   "shares": 17655,
   "portfolio_pct": 0.38,
   "previous_pct": 0.55,
   "change": "REDUCE",
   "share_change_pct": -3.3,
   "quarters_held": 53
  },
  {
   "company": "Genie Energy",
   "ticker": "GNE",
   "moatshark_slug": "gne",
   "sector": "Utilities",
   "value_usd": 2195547,
   "shares": 151941,
   "portfolio_pct": 0.35,
   "previous_pct": 0.44,
   "change": "REDUCE",
   "share_change_pct": -13.2,
   "quarters_held": 18
  },
  {
   "company": "Novartis",
   "ticker": "NVS",
   "moatshark_slug": "nvs",
   "sector": "Health care",
   "value_usd": 2066509,
   "shares": 13186,
   "portfolio_pct": 0.33,
   "previous_pct": 0.36,
   "change": "REDUCE",
   "share_change_pct": -1.5,
   "quarters_held": 53
  },
  {
   "company": "Fairfax Financial Holdings",
   "ticker": "FRFHF",
   "moatshark_slug": "frfhf",
   "sector": "Insurance",
   "value_usd": 1673994,
   "shares": 1018,
   "portfolio_pct": 0.26,
   "previous_pct": 0.31,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "CSX",
   "ticker": "CSX",
   "moatshark_slug": "csx",
   "sector": "Industrials",
   "value_usd": 1653140,
   "shares": 34781,
   "portfolio_pct": 0.26,
   "previous_pct": 0.27,
   "change": "REDUCE",
   "share_change_pct": -4.7,
   "quarters_held": 12
  },
  {
   "company": "First Natl BK Alaska",
   "ticker": "FBAK",
   "moatshark_slug": "fbak",
   "sector": null,
   "value_usd": 1555719,
   "shares": 4920,
   "portfolio_pct": 0.25,
   "previous_pct": 0.26,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 29
  },
  {
   "company": "Tourmaline Oil",
   "ticker": "TRMLF",
   "moatshark_slug": "trmlf",
   "sector": null,
   "value_usd": 1126933,
   "shares": 26959,
   "portfolio_pct": 0.18,
   "previous_pct": 0.23,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 7
  },
  {
   "company": "JPMorgan Chase",
   "ticker": "JPM",
   "moatshark_slug": "jpm",
   "sector": "Financials",
   "value_usd": 942055,
   "shares": 2878,
   "portfolio_pct": 0.15,
   "previous_pct": 0.15,
   "change": "ADD",
   "share_change_pct": 2.1,
   "quarters_held": 5
  },
  {
   "company": "Apple",
   "ticker": "AAPL",
   "moatshark_slug": "aapl",
   "sector": "Technology",
   "value_usd": 894701,
   "shares": 3092,
   "portfolio_pct": 0.14,
   "previous_pct": 0.14,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "Microsoft",
   "ticker": "MSFT",
   "moatshark_slug": "msft",
   "sector": "Technology",
   "value_usd": 808707,
   "shares": 2168,
   "portfolio_pct": 0.13,
   "previous_pct": 0.14,
   "change": "ADD",
   "share_change_pct": 3.6,
   "quarters_held": 10
  },
  {
   "company": "Sei Investments",
   "ticker": "SEIC",
   "moatshark_slug": "seic",
   "sector": "Financials",
   "value_usd": 578535,
   "shares": 6596,
   "portfolio_pct": 0.09,
   "previous_pct": 0.09,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 8
  },
  {
   "company": "Haleon",
   "ticker": "HLN",
   "moatshark_slug": "hln",
   "sector": "Materials",
   "value_usd": 544321,
   "shares": 58341,
   "portfolio_pct": 0.09,
   "previous_pct": 0.1,
   "change": "ADD",
   "share_change_pct": 3.4,
   "quarters_held": 16
  },
  {
   "company": "Bank of America",
   "ticker": "BAC",
   "moatshark_slug": "bac",
   "sector": "Financials",
   "value_usd": 538973,
   "shares": 9459,
   "portfolio_pct": 0.09,
   "previous_pct": 0.08,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 39
  },
  {
   "company": "Peyto Expl & Dev Corp New",
   "ticker": "PEYUF",
   "moatshark_slug": "peyuf",
   "sector": null,
   "value_usd": 522150,
   "shares": 31307,
   "portfolio_pct": 0.08,
   "previous_pct": 0.11,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 28
  },
  {
   "company": "Rafael Holdings",
   "ticker": "RFL",
   "moatshark_slug": "rfl",
   "sector": "Health care",
   "value_usd": 493617,
   "shares": 150493,
   "portfolio_pct": 0.08,
   "previous_pct": 0.01,
   "change": "ADD",
   "share_change_pct": 157,
   "quarters_held": 34
  },
  {
   "company": "Windrock",
   "ticker": "WRLC",
   "moatshark_slug": "wrlc",
   "sector": null,
   "value_usd": 443841,
   "shares": 807,
   "portfolio_pct": 0.07,
   "previous_pct": 0.04,
   "change": "ADD",
   "share_change_pct": 50.3,
   "quarters_held": 6
  },
  {
   "company": "International Business Machines",
   "ticker": "IBM",
   "moatshark_slug": "ibm",
   "sector": "Technology",
   "value_usd": 345325,
   "shares": 1228,
   "portfolio_pct": 0.05,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 8
  },
  {
   "company": "Deutsche Bank Aktiengesellschaft",
   "ticker": "DB",
   "moatshark_slug": "db",
   "sector": "Financials",
   "value_usd": 337600,
   "shares": 10000,
   "portfolio_pct": 0.05,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 8
  },
  {
   "company": "Webster Finl",
   "ticker": "WED",
   "moatshark_slug": "wed",
   "sector": null,
   "value_usd": 332350,
   "shares": 4349,
   "portfolio_pct": 0.05,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "PNC Financial Services Group",
   "ticker": "PNC",
   "moatshark_slug": "pnc",
   "sector": "Financials",
   "value_usd": 330427,
   "shares": 1342,
   "portfolio_pct": 0.05,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "Chevron",
   "ticker": "CVX",
   "moatshark_slug": "cvx",
   "sector": "Energy",
   "value_usd": 323729,
   "shares": 1953,
   "portfolio_pct": 0.05,
   "previous_pct": 0.07,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 6
  },
  {
   "company": "Orange County Bancorp",
   "ticker": "OBT",
   "moatshark_slug": "obt",
   "sector": "Financials",
   "value_usd": 294240,
   "shares": 8000,
   "portfolio_pct": 0.05,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 5
  },
  {
   "company": "Public Service Enterprise Group",
   "ticker": "PEG",
   "moatshark_slug": "peg",
   "sector": "Utilities",
   "value_usd": 286007,
   "shares": 3524,
   "portfolio_pct": 0.05,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "Blackstone",
   "ticker": "BX",
   "moatshark_slug": "bx",
   "sector": "Financials",
   "value_usd": 270641,
   "shares": 2300,
   "portfolio_pct": 0.04,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 6
  },
  {
   "company": "Antero Midstream",
   "ticker": "AM",
   "moatshark_slug": "am",
   "sector": "Utilities",
   "value_usd": 268586,
   "shares": 11806,
   "portfolio_pct": 0.04,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 10
  },
  {
   "company": "Procter & Gamble",
   "ticker": "PG",
   "moatshark_slug": "pg",
   "sector": "Materials",
   "value_usd": 256913,
   "shares": 1752,
   "portfolio_pct": 0.04,
   "previous_pct": 0.05,
   "change": "REDUCE",
   "share_change_pct": -5.4,
   "quarters_held": 18
  },
  {
   "company": "Pepsico",
   "ticker": "PEP",
   "moatshark_slug": "pep",
   "sector": "Consumer staples",
   "value_usd": 243720,
   "shares": 1800,
   "portfolio_pct": 0.04,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 28
  },
  {
   "company": "Zedge",
   "ticker": "ZDGE",
   "moatshark_slug": "zdge",
   "sector": "Technology",
   "value_usd": 242190,
   "shares": 78126,
   "portfolio_pct": 0.04,
   "previous_pct": 0.04,
   "change": "ADD",
   "share_change_pct": 0.3,
   "quarters_held": 41
  },
  {
   "company": "Verizon Communications",
   "ticker": "VZ",
   "moatshark_slug": "vz",
   "sector": "Communication and media",
   "value_usd": 240575,
   "shares": 5682,
   "portfolio_pct": 0.04,
   "previous_pct": 0.05,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 29
  },
  {
   "company": "Pine Cliff Energy",
   "ticker": "PIFYF",
   "moatshark_slug": "pifyf",
   "sector": null,
   "value_usd": 208938,
   "shares": 520000,
   "portfolio_pct": 0.03,
   "previous_pct": 0.04,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 5
  },
  {
   "company": "Comcast",
   "ticker": "CMCSA",
   "moatshark_slug": "cmcsa",
   "sector": "Communication and media",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.04,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 4
  },
  {
   "company": "Tphgreenwich Trust Uni",
   "ticker": null,
   "moatshark_slug": null,
   "sector": null,
   "value_usd": 0,
   "shares": 166999,
   "portfolio_pct": 0,
   "previous_pct": 0,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 3
  }
 ]
}