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).
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.