The New York Times Company (NYT), Citigroup Inc (C) and Merck & Co., Inc. (MRK): Top Holdings of Kahn Brothers

The New York Times Company (NYT)

If one is to find out the thought process of some of the brightest hedge fund managers of the world, 13F SEC filing offer a proper medium. According to the latest 13F SEC filing from the Kahn Brothers, the New York Times Company (NYSE:NYT), Citigroup Inc (NYSE:C), and Merck & Co., Inc. (NYSE:MRK) are three major holdings of the company. With a fund value of $687 million, Kahn Brothers are known to focus upon the book value, management structure, historic P/E, and value based methodology. (You can see the complete list of the Kahn Brothers’ holdings here).

The New York Times Company (NYSE:NYT) is the biggest investment in Kahn Brothers’ portfolio with market value of $68 million and 4,511,896 shares. The New York Times Company (NYSE:NYT) reported net revenue of $388.7 million with an operating profit of $16.5 million for the quarter. Other major hedge funds investing in the New York Times Company (NYSE:NYT) include Jhl Capital Group ($142 million) and Gotham Asset Management ($15 million).

The New York Times Company (NYT)

Citigroup Inc (NYSE:C) forms the second largest investment of Kahn Brothers with investments worth $65 million and it owns 1,385,144 shares of the company. Citigroup Inc (NYSE:C) reported net revenue of $19.3 billion for the second quarter 2014 with net income of $181 million. Eagle Capital Management ($1.2 billion), Fisher Asset Management ($550 million), and D E Shaw ($547 million) are among the primary investors in the company. (You can see the complete list of hedge funds which have investments in Citigroup Inc (NYSE:C) here.)

The third largest holding of Kahn Brothers is Merck & Co., Inc. (NYSE:MRK) with investments worth $64 million and 1,120,074 shares of the company. Merck & Co., Inc. (NYSE:MRK) announced its second quarter 2014 results with GAAP earnings per share of $0.68 and global sales worth $10.9 billion. Some primary investors in Merck & Co., Inc. (NYSE:MRK) include Fisher Asset Management ($373 million), Arrowstreet Capital ($306 million), and Adage Capital Management ($295 million).

This article has been written by Prakash Pandey and edited by Serkan Unal.

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