Historical Stock Holdings

Kahn Brothers Group

PeriodPortfolio ValueTop 20 holdings history (left to right)
2023   Q4$635 M AGO
Assured Guaranty Ltd.
11.64% of portfolio
 		MRK
Merck & Co.
10.73% of portfolio
 		NYCB
New York Community Bancorp
9.93% of portfolio
 		C
Citigroup Inc.
9.80% of portfolio
 		BP
BP plc
9.56% of portfolio
 		GSK
GSK plc
7.35% of portfolio
 		BMY
Bristol-Myers Squibb
6.74% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
5.95% of portfolio
 		SEB
Seaboard Corp.
5.04% of portfolio
 		VOXX
VOXX International Corp.
4.84% of portfolio
 		MBI
MBIA Inc.
4.66% of portfolio
 		PFE
Pfizer Inc.
4.65% of portfolio
 		IDT
IDT Corp. CL B
1.87% of portfolio
 		GNE
Genie Energy Ltd.
1.31% of portfolio
 		BAYRY
Bayer Ag Sponsored ADR
1.04% of portfolio
 		HLN
Haleon Plc ADR
0.84% of portfolio
 		WBS
Webster Financial Corp.
0.81% of portfolio
 		BB
BlackBerry Ltd.
0.70% of portfolio
 		HOLX
Hologic Inc.
0.32% of portfolio
 		NVS
Novartis AG
0.29% of portfolio
2023   Q3$641 M NYCB
New York Community Bancorp
11.14% of portfolio
 		BP
BP plc
10.71% of portfolio
 		MRK
Merck & Co.
10.26% of portfolio
 		AGO
Assured Guaranty Ltd.
9.65% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
7.86% of portfolio
 		C
Citigroup Inc.
7.80% of portfolio
 		BMY
Bristol-Myers Squibb
7.72% of portfolio
 		GSK
GSK plc
7.25% of portfolio
 		SEB
Seaboard Corp.
5.55% of portfolio
 		PFE
Pfizer Inc.
5.46% of portfolio
 		MBI
MBIA Inc.
5.41% of portfolio
 		VOXX
VOXX International Corp.
3.60% of portfolio
 		HLN
Haleon Plc ADR
1.34% of portfolio
 		IDT
IDT Corp. CL B
1.20% of portfolio
 		BB
BlackBerry Ltd.
1.01% of portfolio
 		GNE
Genie Energy Ltd.
0.68% of portfolio
 		WBS
Webster Financial Corp.
0.67% of portfolio
 		NVS
Novartis AG
0.34% of portfolio
 		HOLX
Hologic Inc.
0.31% of portfolio
 		XOM
Exxon Mobil Corp.
0.28% of portfolio
2023   Q2$682 M MRK
Merck & Co.
10.97% of portfolio
 		NYCB
New York Community Bancorp
10.47% of portfolio
 		BP
BP plc
9.53% of portfolio
 		BMY
Bristol-Myers Squibb
8.99% of portfolio
 		AGO
Assured Guaranty Ltd.
8.50% of portfolio
 		C
Citigroup Inc.
8.15% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.73% of portfolio
 		GSK
GSK plc
6.60% of portfolio
 		MBI
MBIA Inc.
6.13% of portfolio
 		PFE
Pfizer Inc.
5.73% of portfolio
 		VOXX
VOXX International Corp.
5.45% of portfolio
 		SEB
Seaboard Corp.
4.99% of portfolio
 		HLN
Haleon Plc ADR
1.56% of portfolio
 		IDT
IDT Corp. CL B
1.34% of portfolio
 		BB
BlackBerry Ltd.
1.14% of portfolio
 		GNE
Genie Energy Ltd.
0.63% of portfolio
 		WBS
Webster Financial Corp.
0.59% of portfolio
 		HOLX
Hologic Inc.
0.36% of portfolio
 		NVS
Novartis AG
0.32% of portfolio
 		XOM
Exxon Mobil Corp.
0.22% of portfolio
2023   Q1$695 M BP
BP plc
10.70% of portfolio
 		MRK
Merck & Co.
10.29% of portfolio
 		BMY
Bristol-Myers Squibb
8.98% of portfolio
 		NYCB
New York Community Bancorp
8.31% of portfolio
 		AGO
Assured Guaranty Ltd.
8.28% of portfolio
 		C
Citigroup Inc.
8.22% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.83% of portfolio
 		GSK
GSK plc
6.54% of portfolio
 		MBI
MBIA Inc.
6.31% of portfolio
 		PFE
Pfizer Inc.
6.05% of portfolio
 		VOXX
VOXX International Corp.
5.29% of portfolio
 		SEB
Seaboard Corp.
5.19% of portfolio
 		IDT
IDT Corp. CL B
1.80% of portfolio
 		HLN
Haleon Plc ADR
1.62% of portfolio
 		BB
BlackBerry Ltd.
0.93% of portfolio
 		VRAYQ
ViewRay Inc.
0.81% of portfolio
 		WBS
Webster Financial Corp.
0.64% of portfolio
 		GNE
Genie Energy Ltd.
0.62% of portfolio
 		HOLX
Hologic Inc.
0.35% of portfolio
 		NVS
Novartis AG
0.29% of portfolio
2022   Q4$760 M AGO
Assured Guaranty Ltd.
10.09% of portfolio
 		MRK
Merck & Co.
9.96% of portfolio
 		BP
BP plc
9.96% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
9.91% of portfolio
 		BMY
Bristol-Myers Squibb
8.66% of portfolio
 		MBI
MBIA Inc.
8.15% of portfolio
 		PFE
Pfizer Inc.
7.00% of portfolio
 		C
Citigroup Inc.
6.96% of portfolio
 		NYCB
New York Community Bancorp
6.75% of portfolio
 		GSK
GSK plc
5.68% of portfolio
 		SEB
Seaboard Corp.
4.95% of portfolio
 		VOXX
VOXX International Corp.
3.33% of portfolio
 		IDT
IDT Corp. CL B
1.74% of portfolio
 		HLN
Haleon Plc ADR
1.49% of portfolio
 		VRAYQ
ViewRay Inc.
0.96% of portfolio
 		WBS
Webster Financial Corp.
0.73% of portfolio
 		BB
BlackBerry Ltd.
0.61% of portfolio
 		GNE
Genie Energy Ltd.
0.44% of portfolio
 		HOLX
Hologic Inc.
0.30% of portfolio
 		NVS
Novartis AG
0.26% of portfolio
2022   Q3$642 M BMY
Bristol-Myers Squibb
10.24% of portfolio
 		BP
BP plc
9.67% of portfolio
 		AGO
Assured Guaranty Ltd.
9.41% of portfolio
 		MRK
Merck & Co.
9.13% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
8.38% of portfolio
 		NYCB
New York Community Bancorp
7.89% of portfolio
 		C
Citigroup Inc.
7.55% of portfolio
 		PFE
Pfizer Inc.
7.11% of portfolio
 		MBI
MBIA Inc.
6.90% of portfolio
 		GSK
GSK plc
5.98% of portfolio
 		SEB
Seaboard Corp.
5.23% of portfolio
 		VOXX
VOXX International Corp.
3.49% of portfolio
 		IDT
IDT Corp. CL B
1.81% of portfolio
 		HLN
Haleon Plc ADR
1.37% of portfolio
 		BB
BlackBerry Ltd.
1.08% of portfolio
 		VRAYQ
ViewRay Inc.
0.94% of portfolio
 		WBS
Webster Financial Corp.
0.81% of portfolio
 		GNE
Genie Energy Ltd.
0.47% of portfolio
 		HOLX
Hologic Inc.
0.32% of portfolio
 		NVS
Novartis AG
0.27% of portfolio
2022   Q2$743 M PTEN
Patterson-UTI Energy Inc.
10.16% of portfolio
 		AGO
Assured Guaranty Ltd.
9.80% of portfolio
 		BMY
Bristol-Myers Squibb
9.63% of portfolio
 		MRK
Merck & Co.
8.58% of portfolio
 		BP
BP plc
8.40% of portfolio
 		GSK
GSK plc
8.39% of portfolio
 		MBI
MBIA Inc.
8.04% of portfolio
 		PFE
Pfizer Inc.
7.39% of portfolio
 		NYCB
New York Community Bancorp
7.16% of portfolio
 		C
Citigroup Inc.
6.90% of portfolio
 		SEB
Seaboard Corp.
5.18% of portfolio
 		VOXX
VOXX International Corp.
3.35% of portfolio
 		IDT
IDT Corp. CL B
1.59% of portfolio
 		BB
BlackBerry Ltd.
1.09% of portfolio
 		WBS
Webster Financial Corp.
0.69% of portfolio
 		VRAYQ
ViewRay Inc.
0.58% of portfolio
 		GNE
Genie Energy Ltd.
0.40% of portfolio
 		HOLX
Hologic Inc.
0.30% of portfolio
 		OGN
Organon & Co.
0.30% of portfolio
 		NVS
Novartis AG
0.26% of portfolio
2022   Q1$788 M PTEN
Patterson-UTI Energy Inc.
11.39% of portfolio
 		AGO
Assured Guaranty Ltd.
10.70% of portfolio
 		MBI
MBIA Inc.
9.44% of portfolio
 		BMY
Bristol-Myers Squibb
8.58% of portfolio
 		BP
BP plc
8.25% of portfolio
 		GSK
GSK plc
7.89% of portfolio
 		MRK
Merck & Co.
7.24% of portfolio
 		PFE
Pfizer Inc.
6.85% of portfolio
 		NYCB
New York Community Bancorp
6.73% of portfolio
 		C
Citigroup Inc.
6.59% of portfolio
 		SEB
Seaboard Corp.
5.29% of portfolio
 		VOXX
VOXX International Corp.
2.95% of portfolio
 		IDT
IDT Corp. CL B
2.03% of portfolio
 		BB
BlackBerry Ltd.
1.43% of portfolio
 		WBS
Webster Financial Corp.
0.87% of portfolio
 		VRAYQ
ViewRay Inc.
0.58% of portfolio
 		TPHS
Trinity Place Holdings
0.35% of portfolio
 		HOLX
Hologic Inc.
0.31% of portfolio
 		OGN
Organon & Co.
0.30% of portfolio
 		GNE
Genie Energy Ltd.
0.28% of portfolio
2021   Q4$728 M MBI
MBIA Inc.
10.80% of portfolio
 		AGO
Assured Guaranty Ltd.
9.90% of portfolio
 		GSK
GSK plc
8.71% of portfolio
 		PFE
Pfizer Inc.
8.26% of portfolio
 		BP
BP plc
8.20% of portfolio
 		NYCB
New York Community Bancorp
8.18% of portfolio
 		BMY
Bristol-Myers Squibb
7.89% of portfolio
 		MRK
Merck & Co.
7.47% of portfolio
 		C
Citigroup Inc.
7.41% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.91% of portfolio
 		SEB
Seaboard Corp.
5.43% of portfolio
 		IDT
IDT Corp. CL B
2.87% of portfolio
 		VOXX
VOXX International Corp.
2.83% of portfolio
 		STL
Sterling Bancorp
0.96% of portfolio
 		VRAYQ
ViewRay Inc.
0.70% of portfolio
 		TPHS
Trinity Place Holdings
0.37% of portfolio
 		HOLX
Hologic Inc.
0.34% of portfolio
 		OGN
Organon & Co.
0.29% of portfolio
 		NVS
Novartis AG
0.27% of portfolio
 		GNE
Genie Energy Ltd.
0.25% of portfolio
2021   Q3$710 M AGO
Assured Guaranty Ltd.
9.44% of portfolio
 		MBI
MBIA Inc.
8.99% of portfolio
 		BP
BP plc
8.78% of portfolio
 		NYCB
New York Community Bancorp
8.69% of portfolio
 		C
Citigroup Inc.
8.23% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
7.55% of portfolio
 		MRK
Merck & Co.
7.47% of portfolio
 		GSK
GSK plc
7.28% of portfolio
 		BMY
Bristol-Myers Squibb
7.28% of portfolio
 		PFE
Pfizer Inc.
5.94% of portfolio
 		SEB
Seaboard Corp.
5.82% of portfolio
 		VOXX
VOXX International Corp.
3.15% of portfolio
 		IDT
IDT Corp. CL B
2.79% of portfolio
 		BB
BlackBerry Ltd.
2.36% of portfolio
 		RFL
Rafael Holdings Inc.
1.35% of portfolio
 		STL
Sterling Bancorp
0.96% of portfolio
 		VRAYQ
ViewRay Inc.
0.57% of portfolio
 		HOLX
Hologic Inc.
0.37% of portfolio
 		TPHS
Trinity Place Holdings
0.37% of portfolio
 		OGN
Organon & Co.
0.32% of portfolio
2021   Q2$698 M AGO
Assured Guaranty Ltd.
9.93% of portfolio
 		C
Citigroup Inc.
8.48% of portfolio
 		BMY
Bristol-Myers Squibb
8.35% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
8.30% of portfolio
 		BP
BP plc
8.19% of portfolio
 		MRK
Merck & Co.
7.98% of portfolio
 		MBI
MBIA Inc.
7.94% of portfolio
 		NYCB
New York Community Bancorp
7.41% of portfolio
 		GSK
GSK plc
7.40% of portfolio
 		SEB
Seaboard Corp.
5.63% of portfolio
 		PFE
Pfizer Inc.
4.62% of portfolio
 		BB
BlackBerry Ltd.
3.08% of portfolio
 		VOXX
VOXX International Corp.
2.78% of portfolio
 		IDT
IDT Corp. CL B
2.58% of portfolio
 		RFL
Rafael Holdings Inc.
2.30% of portfolio
 		STL
Sterling Bancorp
0.96% of portfolio
 		TPHS
Trinity Place Holdings
0.41% of portfolio
 		VRAYQ
ViewRay Inc.
0.39% of portfolio
 		HOLX
Hologic Inc.
0.38% of portfolio
 		ZDGE
Zedge Inc.
0.33% of portfolio
2021   Q1$646 M AGO
Assured Guaranty Ltd.
9.58% of portfolio
 		C
Citigroup Inc.
9.36% of portfolio
 		NYCB
New York Community Bancorp
8.79% of portfolio
 		MRK
Merck & Co.
8.43% of portfolio
 		BMY
Bristol-Myers Squibb
8.27% of portfolio
 		MBI
MBIA Inc.
7.29% of portfolio
 		BP
BP plc
7.21% of portfolio
 		GSK
GSK plc
6.99% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.21% of portfolio
 		SEB
Seaboard Corp.
5.86% of portfolio
 		VOXX
VOXX International Corp.
4.11% of portfolio
 		PFE
Pfizer Inc.
3.71% of portfolio
 		BB
BlackBerry Ltd.
3.48% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.51% of portfolio
 		RFL
Rafael Holdings Inc.
1.95% of portfolio
 		IDT
IDT Corp. CL B
1.71% of portfolio
 		STL
Sterling Bancorp
0.97% of portfolio
 		HOLX
Hologic Inc.
0.51% of portfolio
 		TPHS
Trinity Place Holdings
0.44% of portfolio
 		GNE
Genie Energy Ltd.
0.34% of portfolio
2020   Q4$573 M MRK
Merck & Co.
10.43% of portfolio
 		BMY
Bristol-Myers Squibb
9.35% of portfolio
 		C
Citigroup Inc.
8.78% of portfolio
 		AGO
Assured Guaranty Ltd.
8.30% of portfolio
 		GSK
GSK plc
8.23% of portfolio
 		NYCB
New York Community Bancorp
7.94% of portfolio
 		VOXX
VOXX International Corp.
6.79% of portfolio
 		BP
BP plc
6.54% of portfolio
 		MBI
MBIA Inc.
5.63% of portfolio
 		SEB
Seaboard Corp.
5.53% of portfolio
 		BB
BlackBerry Ltd.
5.47% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
5.28% of portfolio
 		PFE
Pfizer Inc.
4.33% of portfolio
 		NTPIF
Nam Tai Property Inc.
1.44% of portfolio
 		RFL
Rafael Holdings Inc.
1.36% of portfolio
 		STL
Sterling Bancorp
0.86% of portfolio
 		HOLX
Hologic Inc.
0.58% of portfolio
 		GNE
Genie Energy Ltd.
0.45% of portfolio
 		NVS
Novartis AG
0.37% of portfolio
 		VTRS
Viatris Inc.
0.31% of portfolio
2020   Q3$528 M MRK
Merck & Co.
12.62% of portfolio
 		BMY
Bristol-Myers Squibb
10.70% of portfolio
 		GSK
GSK plc
10.04% of portfolio
 		NYCB
New York Community Bancorp
7.54% of portfolio
 		C
Citigroup Inc.
6.96% of portfolio
 		AGO
Assured Guaranty Ltd.
6.71% of portfolio
 		BP
BP plc
6.54% of portfolio
 		SEB
Seaboard Corp.
6.01% of portfolio
 		MBI
MBIA Inc.
5.34% of portfolio
 		VOXX
VOXX International Corp.
5.15% of portfolio
 		PFE
Pfizer Inc.
4.82% of portfolio
 		BB
BlackBerry Ltd.
4.73% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.67% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.06% of portfolio
 		RFL
Rafael Holdings Inc.
1.22% of portfolio
 		IDT
IDT Corp. CL B
0.83% of portfolio
 		GNE
Genie Energy Ltd.
0.62% of portfolio
 		STL
Sterling Bancorp
0.60% of portfolio
 		HOLX
Hologic Inc.
0.53% of portfolio
 		NVS
Novartis AG
0.37% of portfolio
2020   Q2$592 M MRK
Merck & Co.
12.09% of portfolio
 		GSK
GSK plc
10.51% of portfolio
 		BMY
Bristol-Myers Squibb
10.09% of portfolio
 		NYCB
New York Community Bancorp
8.87% of portfolio
 		C
Citigroup Inc.
8.06% of portfolio
 		BP
BP plc
7.52% of portfolio
 		AGO
Assured Guaranty Ltd.
6.36% of portfolio
 		SEB
Seaboard Corp.
6.17% of portfolio
 		MBI
MBIA Inc.
6.10% of portfolio
 		BB
BlackBerry Ltd.
4.72% of portfolio
 		PFE
Pfizer Inc.
4.22% of portfolio
 		VOXX
VOXX International Corp.
3.65% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.42% of portfolio
 		NTPIF
Nam Tai Property Inc.
1.99% of portfolio
 		RFL
Rafael Holdings Inc.
1.02% of portfolio
 		HOLX
Hologic Inc.
0.79% of portfolio
 		IDT
IDT Corp. CL B
0.75% of portfolio
 		STL
Sterling Bancorp
0.73% of portfolio
 		GNE
Genie Energy Ltd.
0.53% of portfolio
 		TPHS
Trinity Place Holdings
0.36% of portfolio
2020   Q1$547 M MRK
Merck & Co.
14.07% of portfolio
 		GSK
GSK plc
10.70% of portfolio
 		BMY
Bristol-Myers Squibb
10.46% of portfolio
 		NYCB
New York Community Bancorp
8.96% of portfolio
 		C
Citigroup Inc.
7.26% of portfolio
 		BP
BP plc
7.26% of portfolio
 		AGO
Assured Guaranty Ltd.
6.92% of portfolio
 		MBI
MBIA Inc.
6.68% of portfolio
 		SEB
Seaboard Corp.
6.54% of portfolio
 		PFE
Pfizer Inc.
4.60% of portfolio
 		BB
BlackBerry Ltd.
4.40% of portfolio
 		NTPIF
Nam Tai Property Inc.
1.98% of portfolio
 		VOXX
VOXX International Corp.
1.96% of portfolio
 		HOLX
Hologic Inc.
1.71% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
1.30% of portfolio
 		RFL
Rafael Holdings Inc.
1.03% of portfolio
 		STL
Sterling Bancorp
0.71% of portfolio
 		IDT
IDT Corp. CL B
0.69% of portfolio
 		TPHS
Trinity Place Holdings
0.52% of portfolio
 		NVS
Novartis AG
0.35% of portfolio
2019   Q4$825 M MRK
Merck & Co.
11.45% of portfolio
 		C
Citigroup Inc.
9.76% of portfolio
 		AGO
Assured Guaranty Ltd.
9.07% of portfolio
 		GSK
GSK plc
9.05% of portfolio
 		BMY
Bristol-Myers Squibb
8.20% of portfolio
 		NYCB
New York Community Bancorp
7.83% of portfolio
 		BP
BP plc
7.43% of portfolio
 		SEB
Seaboard Corp.
6.61% of portfolio
 		MBI
MBIA Inc.
6.09% of portfolio
 		BB
BlackBerry Ltd.
4.53% of portfolio
 		PFE
Pfizer Inc.
3.85% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.30% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.20% of portfolio
 		VOXX
VOXX International Corp.
2.04% of portfolio
 		HOLX
Hologic Inc.
1.86% of portfolio
 		NYT
New York Times CL A
1.21% of portfolio
 		STL
Sterling Bancorp
0.97% of portfolio
 		RFL
Rafael Holdings Inc.
0.93% of portfolio
 		IDT
IDT Corp. CL B
0.61% of portfolio
 		TPHS
Trinity Place Holdings
0.58% of portfolio
2019   Q3$798 M MRK
Merck & Co.
11.30% of portfolio
 		C
Citigroup Inc.
9.19% of portfolio
 		AGO
Assured Guaranty Ltd.
8.78% of portfolio
 		NYCB
New York Community Bancorp
8.72% of portfolio
 		GSK
GSK plc
8.67% of portfolio
 		BP
BP plc
7.98% of portfolio
 		SEB
Seaboard Corp.
7.25% of portfolio
 		BMY
Bristol-Myers Squibb
6.82% of portfolio
 		MBI
MBIA Inc.
6.47% of portfolio
 		BB
BlackBerry Ltd.
3.73% of portfolio
 		PFE
Pfizer Inc.
3.66% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
2.90% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.48% of portfolio
 		VOXX
VOXX International Corp.
2.40% of portfolio
 		HOLX
Hologic Inc.
1.96% of portfolio
 		NYT
New York Times CL A
1.22% of portfolio
 		STL
Sterling Bancorp
1.18% of portfolio
 		RFL
Rafael Holdings Inc.
1.14% of portfolio
 		IDT
IDT Corp. CL B
0.93% of portfolio
 		TPHS
Trinity Place Holdings
0.81% of portfolio
2019   Q2$800 M MRK
Merck & Co.
11.19% of portfolio
 		C
Citigroup Inc.
9.66% of portfolio
 		BP
BP plc
8.73% of portfolio
 		AGO
Assured Guaranty Ltd.
8.24% of portfolio
 		GSK
GSK plc
8.03% of portfolio
 		SEB
Seaboard Corp.
6.85% of portfolio
 		NYCB
New York Community Bancorp
6.82% of portfolio
 		MBI
MBIA Inc.
6.54% of portfolio
 		BMY
Bristol-Myers Squibb
5.77% of portfolio
 		BB
BlackBerry Ltd.
5.19% of portfolio
 		PFE
Pfizer Inc.
4.37% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
2.83% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.72% of portfolio
 		VOXX
VOXX International Corp.
2.06% of portfolio
 		HOLX
Hologic Inc.
2.04% of portfolio
 		NYT
New York Times CL A
1.93% of portfolio
 		RFL
Rafael Holdings Inc.
1.55% of portfolio
 		STL
Sterling Bancorp
1.39% of portfolio
 		IDT
IDT Corp. CL B
0.83% of portfolio
 		TPHS
Trinity Place Holdings
0.80% of portfolio
2019   Q1$640 M MRK
Merck & Co.
10.80% of portfolio
 		BP
BP plc
9.37% of portfolio
 		C
Citigroup Inc.
8.95% of portfolio
 		AGO
Assured Guaranty Ltd.
8.60% of portfolio
 		GSK
GSK plc
8.33% of portfolio
 		NYCB
New York Community Bancorp
7.75% of portfolio
 		BB
BlackBerry Ltd.
7.19% of portfolio
 		MBI
MBIA Inc.
6.56% of portfolio
 		SEB
Seaboard Corp.
4.90% of portfolio
 		BMY
Bristol-Myers Squibb
3.76% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.74% of portfolio
 		PFE
Pfizer Inc.
3.54% of portfolio
 		NYT
New York Times CL A
3.45% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.89% of portfolio
 		HOLX
Hologic Inc.
2.57% of portfolio
 		VOXX
VOXX International Corp.
2.55% of portfolio
 		STL
Sterling Bancorp
1.32% of portfolio
 		IDT
IDT Corp. CL B
0.65% of portfolio
 		RFL
Rafael Holdings Inc.
0.62% of portfolio
 		TPHS
Trinity Place Holdings
0.59% of portfolio
2018   Q4$555 M MRK
Merck & Co.
11.02% of portfolio
 		BP
BP plc
9.57% of portfolio
 		C
Citigroup Inc.
8.89% of portfolio
 		AGO
Assured Guaranty Ltd.
8.71% of portfolio
 		GSK
GSK plc
8.69% of portfolio
 		NYCB
New York Community Bancorp
7.34% of portfolio
 		MBI
MBIA Inc.
7.29% of portfolio
 		BB
BlackBerry Ltd.
5.88% of portfolio
 		NYT
New York Times CL A
4.94% of portfolio
 		SEB
Seaboard Corp.
4.90% of portfolio
 		PFE
Pfizer Inc.
4.21% of portfolio
 		HOLX
Hologic Inc.
4.08% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.00% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.97% of portfolio
 		VOXX
VOXX International Corp.
2.58% of portfolio
 		STL
Sterling Bancorp
1.78% of portfolio
 		TPHS
Trinity Place Holdings
0.74% of portfolio
 		IDT
IDT Corp. CL B
0.71% of portfolio
 		IDWM
IDW Media Holdings
0.47% of portfolio
 		RFL
Rafael Holdings Inc.
0.45% of portfolio
2018   Q3$651 M C
Citigroup Inc.
10.24% of portfolio
 		BP
BP plc
9.94% of portfolio
 		MRK
Merck & Co.
9.66% of portfolio
 		AGO
Assured Guaranty Ltd.
8.24% of portfolio
 		BB
BlackBerry Ltd.
7.99% of portfolio
 		GSK
GSK plc
7.66% of portfolio
 		MBI
MBIA Inc.
7.47% of portfolio
 		NYCB
New York Community Bancorp
6.29% of portfolio
 		NYT
New York Times CL A
5.14% of portfolio
 		SEB
Seaboard Corp.
4.43% of portfolio
 		PFE
Pfizer Inc.
3.64% of portfolio
 		HOLX
Hologic Inc.
3.64% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.60% of portfolio
 		VOXX
VOXX International Corp.
3.03% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.88% of portfolio
 		STL
Sterling Bancorp
2.31% of portfolio
 		TPHS
Trinity Place Holdings
0.90% of portfolio
 		IDT
IDT Corp. CL B
0.52% of portfolio
 		IDWM
IDW Media Holdings
0.43% of portfolio
 		RFL
Rafael Holdings Inc.
0.41% of portfolio
2018   Q2$628 M BP
BP plc
10.10% of portfolio
 		C
Citigroup Inc.
10.00% of portfolio
 		MRK
Merck & Co.
8.66% of portfolio
 		GSK
GSK plc
7.93% of portfolio
 		NYT
New York Times CL A
7.41% of portfolio
 		AGO
Assured Guaranty Ltd.
7.15% of portfolio
 		BB
BlackBerry Ltd.
7.08% of portfolio
 		MBI
MBIA Inc.
6.64% of portfolio
 		NYCB
New York Community Bancorp
5.47% of portfolio
 		SEB
Seaboard Corp.
4.90% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.97% of portfolio
 		HOLX
Hologic Inc.
3.86% of portfolio
 		STL
Sterling Bancorp
3.18% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.16% of portfolio
 		PFE
Pfizer Inc.
3.16% of portfolio
 		VOXX
VOXX International Corp.
3.12% of portfolio
 		TPHS
Trinity Place Holdings
1.01% of portfolio
 		IDT
IDT Corp. CL B
0.57% of portfolio
 		IDWM
IDW Media Holdings
0.51% of portfolio
 		RFL
Rafael Holdings Inc.
0.47% of portfolio
2018   Q1$628 M C
Citigroup Inc.
10.20% of portfolio
 		BP
BP plc
9.08% of portfolio
 		NYT
New York Times CL A
8.67% of portfolio
 		BB
BlackBerry Ltd.
8.18% of portfolio
 		MRK
Merck & Co.
7.85% of portfolio
 		GSK
GSK plc
7.66% of portfolio
 		AGO
Assured Guaranty Ltd.
7.15% of portfolio
 		MBI
MBIA Inc.
6.82% of portfolio
 		SEB
Seaboard Corp.
5.29% of portfolio
 		NYCB
New York Community Bancorp
4.57% of portfolio
 		HOLX
Hologic Inc.
3.92% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.81% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.61% of portfolio
 		STL
Sterling Bancorp
3.13% of portfolio
 		PFE
Pfizer Inc.
3.11% of portfolio
 		VOXX
VOXX International Corp.
2.89% of portfolio
 		TPHS
Trinity Place Holdings
1.00% of portfolio
 		IDT
IDT Corp. CL B
0.64% of portfolio
 		IDWM
IDW Media Holdings
0.54% of portfolio
 		GNE
Genie Energy Ltd.
0.32% of portfolio
2017   Q4$637 M C
Citigroup Inc.
11.48% of portfolio
 		BP
BP plc
9.29% of portfolio
 		NYT
New York Times CL A
8.45% of portfolio
 		MRK
Merck & Co.
8.13% of portfolio
 		BB
BlackBerry Ltd.
7.98% of portfolio
 		GSK
GSK plc
6.35% of portfolio
 		AGO
Assured Guaranty Ltd.
5.65% of portfolio
 		SEB
Seaboard Corp.
5.43% of portfolio
 		MBI
MBIA Inc.
5.28% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
5.03% of portfolio
 		HOLX
Hologic Inc.
4.64% of portfolio
 		NYCB
New York Community Bancorp
3.89% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.66% of portfolio
 		STL
Sterling Bancorp
3.45% of portfolio
 		VOXX
VOXX International Corp.
3.24% of portfolio
 		PFE
Pfizer Inc.
3.16% of portfolio
 		IDT
IDT Corp. CL B
1.07% of portfolio
 		TPHS
Trinity Place Holdings
1.06% of portfolio
 		IDWM
IDW Media Holdings
0.57% of portfolio
 		STRP
Straight Path Communications
0.51% of portfolio
2017   Q3$655 M C
Citigroup Inc.
11.17% of portfolio
 		NYT
New York Times CL A
9.32% of portfolio
 		MRK
Merck & Co.
8.99% of portfolio
 		BP
BP plc
8.27% of portfolio
 		BB
BlackBerry Ltd.
7.58% of portfolio
 		GSK
GSK plc
6.33% of portfolio
 		MBI
MBIA Inc.
5.76% of portfolio
 		SEB
Seaboard Corp.
5.43% of portfolio
 		AGO
Assured Guaranty Ltd.
5.20% of portfolio
 		VOXX
VOXX International Corp.
4.77% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
4.12% of portfolio
 		HOLX
Hologic Inc.
4.10% of portfolio
 		NYCB
New York Community Bancorp
3.85% of portfolio
 		STL
Sterling Bancorp
3.47% of portfolio
 		PFE
Pfizer Inc.
3.04% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.42% of portfolio
 		STRP
Straight Path Communications
1.55% of portfolio
 		IDT
IDT Corp. CL B
1.17% of portfolio
 		TPHS
Trinity Place Holdings
1.04% of portfolio
 		IDWM
IDW Media Holdings
0.58% of portfolio
2017   Q2$656 M C
Citigroup Inc.
10.47% of portfolio
 		NYT
New York Times CL A
9.28% of portfolio
 		MRK
Merck & Co.
9.12% of portfolio
 		BP
BP plc
7.39% of portfolio
 		GSK
GSK plc
6.94% of portfolio
 		BB
BlackBerry Ltd.
6.89% of portfolio
 		MBI
MBIA Inc.
6.45% of portfolio
 		HOLX
Hologic Inc.
5.53% of portfolio
 		SEB
Seaboard Corp.
5.04% of portfolio
 		AGO
Assured Guaranty Ltd.
4.94% of portfolio
 		STRP
Straight Path Communications
4.74% of portfolio
 		NYCB
New York Community Bancorp
3.93% of portfolio
 		STL
Sterling Bancorp
3.26% of portfolio
 		PFE
Pfizer Inc.
2.96% of portfolio
 		VOXX
VOXX International Corp.
2.89% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
2.84% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.41% of portfolio
 		IDT
IDT Corp. CL B
1.17% of portfolio
 		TPHS
Trinity Place Holdings
1.14% of portfolio
 		IDWM
IDW Media Holdings
0.58% of portfolio
2017   Q1$581 M C
Citigroup Inc.
11.15% of portfolio
 		MRK
Merck & Co.
10.27% of portfolio
 		NYT
New York Times CL A
9.16% of portfolio
 		BP
BP plc
8.17% of portfolio
 		GSK
GSK plc
7.62% of portfolio
 		HOLX
Hologic Inc.
6.72% of portfolio
 		MBI
MBIA Inc.
6.45% of portfolio
 		BB
BlackBerry Ltd.
6.03% of portfolio
 		SEB
Seaboard Corp.
5.98% of portfolio
 		NYCB
New York Community Bancorp
4.88% of portfolio
 		PFE
Pfizer Inc.
3.93% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.90% of portfolio
 		STL
Sterling Bancorp
3.75% of portfolio
 		AGO
Assured Guaranty Ltd.
2.46% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.27% of portfolio
 		VOXX
VOXX International Corp.
1.58% of portfolio
 		STRP
Straight Path Communications
1.32% of portfolio
 		IDT
IDT Corp. CL B
0.89% of portfolio
 		IDWM
IDW Media Holdings
0.67% of portfolio
 		GNE
Genie Energy Ltd.
0.50% of portfolio
2016   Q4$592 M C
Citigroup Inc.
10.93% of portfolio
 		MRK
Merck & Co.
9.47% of portfolio
 		NYT
New York Times CL A
8.38% of portfolio
 		BP
BP plc
8.27% of portfolio
 		HOLX
Hologic Inc.
8.11% of portfolio
 		MBI
MBIA Inc.
7.89% of portfolio
 		NYCB
New York Community Bancorp
6.00% of portfolio
 		SEB
Seaboard Corp.
5.59% of portfolio
 		GSK
GSK plc
5.42% of portfolio
 		BB
BlackBerry Ltd.
5.07% of portfolio
 		PFE
Pfizer Inc.
4.72% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
4.46% of portfolio
 		STL
Sterling Bancorp
4.00% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.40% of portfolio
 		TPHS
Trinity Place Holdings
1.66% of portfolio
 		IDT
IDT Corp. CL B
1.45% of portfolio
 		VOXX
VOXX International Corp.
1.39% of portfolio
 		STRP
Straight Path Communications
1.22% of portfolio
 		IDWM
IDW Media Holdings
0.66% of portfolio
 		NAVI
Navient Corp.
0.51% of portfolio
2016   Q3$552 M MRK
Merck & Co.
10.83% of portfolio
 		C
Citigroup Inc.
9.40% of portfolio
 		HOLX
Hologic Inc.
8.68% of portfolio
 		BP
BP plc
8.31% of portfolio
 		NYT
New York Times CL A
8.09% of portfolio
 		BB
BlackBerry Ltd.
6.28% of portfolio
 		MBI
MBIA Inc.
6.13% of portfolio
 		NYCB
New York Community Bancorp
5.82% of portfolio
 		PFE
Pfizer Inc.
5.64% of portfolio
 		GSK
GSK plc
4.96% of portfolio
 		SEB
Seaboard Corp.
4.87% of portfolio
 		NTPIF
Nam Tai Property Inc.
4.67% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
4.23% of portfolio
 		STL
Sterling Bancorp
3.21% of portfolio
 		TPHS
Trinity Place Holdings
1.88% of portfolio
 		IDT
IDT Corp. CL B
1.46% of portfolio
 		STRP
Straight Path Communications
0.99% of portfolio
 		VOXX
VOXX International Corp.
0.94% of portfolio
 		IDWM
IDW Media Holdings
0.60% of portfolio
 		NAVI
Navient Corp.
0.49% of portfolio
2016   Q2$517 M MRK
Merck & Co.
10.76% of portfolio
 		C
Citigroup Inc.
8.98% of portfolio
 		NYT
New York Times CL A
8.81% of portfolio
 		BP
BP plc
8.62% of portfolio
 		HOLX
Hologic Inc.
8.55% of portfolio
 		PFE
Pfizer Inc.
7.89% of portfolio
 		NYCB
New York Community Bancorp
7.41% of portfolio
 		MBI
MBIA Inc.
5.76% of portfolio
 		BB
BlackBerry Ltd.
5.22% of portfolio
 		SEB
Seaboard Corp.
4.84% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
4.34% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.42% of portfolio
 		GSK
GSK plc
3.19% of portfolio
 		STL
Sterling Bancorp
3.09% of portfolio
 		TPHS
Trinity Place Holdings
1.58% of portfolio
 		IDT
IDT Corp. CL B
1.30% of portfolio
 		STRP
Straight Path Communications
1.22% of portfolio
 		VOXX
VOXX International Corp.
0.94% of portfolio
 		IDWM
IDW Media Holdings
0.54% of portfolio
 		GNE
Genie Energy Ltd.
0.54% of portfolio
2016   Q1$534 M MRK
Merck & Co.
9.77% of portfolio
 		NYT
New York Times CL A
9.07% of portfolio
 		C
Citigroup Inc.
8.90% of portfolio
 		HOLX
Hologic Inc.
8.57% of portfolio
 		NYCB
New York Community Bancorp
8.08% of portfolio
 		PFE
Pfizer Inc.
8.01% of portfolio
 		MBI
MBIA Inc.
7.28% of portfolio
 		BP
BP plc
7.09% of portfolio
 		BB
BlackBerry Ltd.
6.05% of portfolio
 		SEB
Seaboard Corp.
5.32% of portfolio
 		NTPIF
Nam Tai Property Inc.
4.18% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.52% of portfolio
 		STL
Sterling Bancorp
3.03% of portfolio
 		VOXX
VOXX International Corp.
1.55% of portfolio
 		IDT
IDT Corp. CL B
1.46% of portfolio
 		STRP
Straight Path Communications
1.41% of portfolio
 		TPHS
Trinity Place Holdings
1.38% of portfolio
 		GSK
GSK plc
1.00% of portfolio
 		ORI
Old Republic International
0.75% of portfolio
 		GNE
Genie Energy Ltd.
0.62% of portfolio
2015   Q4$560 M C
Citigroup Inc.
10.39% of portfolio
 		MRK
Merck & Co.
9.54% of portfolio
 		NYT
New York Times CL A
9.42% of portfolio
 		HOLX
Hologic Inc.
9.33% of portfolio
 		PFE
Pfizer Inc.
9.05% of portfolio
 		NYCB
New York Community Bancorp
8.03% of portfolio
 		BB
BlackBerry Ltd.
6.30% of portfolio
 		BP
BP plc
6.09% of portfolio
 		MBI
MBIA Inc.
5.11% of portfolio
 		SEB
Seaboard Corp.
4.92% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.77% of portfolio
 		STL
Sterling Bancorp
2.97% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
2.88% of portfolio
 		ORI
Old Republic International
2.69% of portfolio
 		VOXX
VOXX International Corp.
1.72% of portfolio
 		TPHS
Trinity Place Holdings
1.17% of portfolio
 		IDT
IDT Corp. CL B
1.05% of portfolio
 		GNE
Genie Energy Ltd.
0.87% of portfolio
 		STRP
Straight Path Communications
0.75% of portfolio
 		GSK
GSK plc
0.61% of portfolio
2015   Q3$540 M C
Citigroup Inc.
10.32% of portfolio
 		HOLX
Hologic Inc.
9.72% of portfolio
 		PFE
Pfizer Inc.
9.72% of portfolio
 		NYCB
New York Community Bancorp
9.26% of portfolio
 		MRK
Merck & Co.
9.20% of portfolio
 		NYT
New York Times CL A
8.60% of portfolio
 		BP
BP plc
5.80% of portfolio
 		MBI
MBIA Inc.
5.05% of portfolio
 		SEB
Seaboard Corp.
4.99% of portfolio
 		BB
BlackBerry Ltd.
4.10% of portfolio
 		NTPIF
Nam Tai Property Inc.
4.08% of portfolio
 		STL
Sterling Bancorp
2.91% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
2.65% of portfolio
 		ORI
Old Republic International
2.45% of portfolio
 		VOXX
VOXX International Corp.
2.22% of portfolio
 		STRP
Straight Path Communications
1.76% of portfolio
 		TPHS
Trinity Place Holdings
1.35% of portfolio
 		IDT
IDT Corp. CL B
1.28% of portfolio
 		GNE
Genie Energy Ltd.
0.64% of portfolio
 		IDWM
IDW Media Holdings
0.57% of portfolio
2015   Q2$593 M C
Citigroup Inc.
10.50% of portfolio
 		PFE
Pfizer Inc.
10.03% of portfolio
 		MRK
Merck & Co.
9.76% of portfolio
 		NYCB
New York Community Bancorp
9.48% of portfolio
 		NYT
New York Times CL A
9.08% of portfolio
 		HOLX
Hologic Inc.
8.73% of portfolio
 		BP
BP plc
6.15% of portfolio
 		SEB
Seaboard Corp.
5.32% of portfolio
 		BB
BlackBerry Ltd.
4.56% of portfolio
 		MBI
MBIA Inc.
3.51% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.24% of portfolio
 		ORI
Old Republic International
2.94% of portfolio
 		STL
Sterling Bancorp
2.63% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.37% of portfolio
 		VOXX
VOXX International Corp.
2.14% of portfolio
 		TPHS
Trinity Place Holdings
1.55% of portfolio
 		IDT
IDT Corp. CL B
1.49% of portfolio
 		STRP
Straight Path Communications
1.33% of portfolio
 		NAVI
Navient Corp.
1.03% of portfolio
 		GNE
Genie Energy Ltd.
0.75% of portfolio
2015   Q1$592 M PFE
Pfizer Inc.
10.64% of portfolio
 		MRK
Merck & Co.
10.00% of portfolio
 		C
Citigroup Inc.
9.84% of portfolio
 		NYT
New York Times CL A
9.30% of portfolio
 		NYCB
New York Community Bancorp
9.15% of portfolio
 		HOLX
Hologic Inc.
7.69% of portfolio
 		SEB
Seaboard Corp.
6.24% of portfolio
 		BP
BP plc
5.99% of portfolio
 		ORI
Old Republic International
4.73% of portfolio
 		BB
BlackBerry Ltd.
3.56% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.11% of portfolio
 		MBI
MBIA Inc.
3.08% of portfolio
 		STL
Sterling Bancorp
2.43% of portfolio
 		VOXX
VOXX International Corp.
2.42% of portfolio
 		NAVI
Navient Corp.
2.08% of portfolio
 		NTPIF
Nam Tai Property Inc.
1.95% of portfolio
 		IDT
IDT Corp. CL B
1.49% of portfolio
 		TPHS
Trinity Place Holdings
1.38% of portfolio
 		STRP
Straight Path Communications
0.84% of portfolio
 		GNE
Genie Energy Ltd.
0.57% of portfolio
2014   Q4$580 M C
Citigroup Inc.
11.10% of portfolio
 		MRK
Merck & Co.
10.31% of portfolio
 		PFE
Pfizer Inc.
10.11% of portfolio
 		NYT
New York Times CL A
9.41% of portfolio
 		NYCB
New York Community Bancorp
9.32% of portfolio
 		SEB
Seaboard Corp.
7.10% of portfolio
 		BP
BP plc
5.70% of portfolio
 		ORI
Old Republic International
4.95% of portfolio
 		BB
BlackBerry Ltd.
3.49% of portfolio
 		MBI
MBIA Inc.
3.26% of portfolio
 		STL
Sterling Bancorp
3.18% of portfolio
 		NAVI
Navient Corp.
3.16% of portfolio
 		VOXX
VOXX International Corp.
2.57% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
2.55% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.41% of portfolio
 		HOLX
Hologic Inc.
2.04% of portfolio
 		IDT
IDT Corp. CL B
1.85% of portfolio
 		TPHS
Trinity Place Holdings
1.40% of portfolio
 		SLM
SLM Corp.
1.25% of portfolio
 		STRP
Straight Path Communications
0.87% of portfolio
2014   Q3$615 M MRK
Merck & Co.
10.69% of portfolio
 		C
Citigroup Inc.
10.36% of portfolio
 		PFE
Pfizer Inc.
9.55% of portfolio
 		NYCB
New York Community Bancorp
9.10% of portfolio
 		NYT
New York Times CL A
8.08% of portfolio
 		HOLX
Hologic Inc.
6.10% of portfolio
 		BP
BP plc
6.04% of portfolio
 		ORI
Old Republic International
4.92% of portfolio
 		SEB
Seaboard Corp.
4.64% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.68% of portfolio
 		MBI
MBIA Inc.
3.49% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.31% of portfolio
 		VOXX
VOXX International Corp.
2.93% of portfolio
 		STL
Sterling Bancorp
2.89% of portfolio
 		NAVI
Navient Corp.
2.59% of portfolio
 		BB
BlackBerry Ltd.
2.52% of portfolio
 		IDT
IDT Corp. CL B
1.72% of portfolio
 		SLM
SLM Corp.
1.25% of portfolio
 		TPHS
Trinity Place Holdings
1.17% of portfolio
 		STRP
Straight Path Communications
0.85% of portfolio
2014   Q2$687 M NYT
New York Times CL A
9.98% of portfolio
 		C
Citigroup Inc.
9.49% of portfolio
 		MRK
Merck & Co.
9.43% of portfolio
 		PFE
Pfizer Inc.
9.04% of portfolio
 		NYCB
New York Community Bancorp
8.66% of portfolio
 		BP
BP plc
6.96% of portfolio
 		HOLX
Hologic Inc.
5.69% of portfolio
 		ORI
Old Republic International
5.02% of portfolio
 		SEB
Seaboard Corp.
4.99% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
4.59% of portfolio
 		NTPIF
Nam Tai Property Inc.
4.14% of portfolio
 		MBI
MBIA Inc.
4.05% of portfolio
 		VOXX
VOXX International Corp.
2.83% of portfolio
 		BB
BlackBerry Ltd.
2.49% of portfolio
 		STL
Sterling Bancorp
2.44% of portfolio
 		NAVI
Navient Corp.
2.35% of portfolio
 		IDT
IDT Corp. CL B
1.69% of portfolio
 		TPHS
Trinity Place Holdings
1.13% of portfolio
 		SLM
SLM Corp.
1.10% of portfolio
 		GNE
Genie Energy Ltd.
0.75% of portfolio
2014   Q1$701 M NYT
New York Times CL A
11.66% of portfolio
 		PFE
Pfizer Inc.
9.69% of portfolio
 		MRK
Merck & Co.
9.14% of portfolio
 		NYCB
New York Community Bancorp
8.67% of portfolio
 		C
Citigroup Inc.
8.38% of portfolio
 		ORI
Old Republic International
6.39% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
5.96% of portfolio
 		BP
BP plc
5.90% of portfolio
 		MBI
MBIA Inc.
5.08% of portfolio
 		HOLX
Hologic Inc.
4.78% of portfolio
 		SEB
Seaboard Corp.
4.31% of portfolio
 		VOXX
VOXX International Corp.
4.07% of portfolio
 		SLM
SLM Corp.
3.25% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.17% of portfolio
 		STL
Sterling Bancorp
2.42% of portfolio
 		IDT
IDT Corp. CL B
1.59% of portfolio
 		TPHS
Trinity Place Holdings
1.07% of portfolio
 		GNE
Genie Energy Ltd.
0.94% of portfolio
 		BB
BlackBerry Ltd.
0.52% of portfolio
 		NVS
Novartis AG
0.34% of portfolio
2013   Q4$677 M MRK
Merck & Co.
18.67% of portfolio
 		NYT
New York Times CL A
9.99% of portfolio
 		PFE
Pfizer Inc.
8.59% of portfolio
 		C
Citigroup Inc.
8.27% of portfolio
 		NYCB
New York Community Bancorp
8.14% of portfolio
 		ORI
Old Republic International
6.28% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
5.27% of portfolio
 		HOLX
Hologic Inc.
4.45% of portfolio
 		VOXX
VOXX International Corp.
4.14% of portfolio
 		SLM
SLM Corp.
3.80% of portfolio
 		MBI
MBIA Inc.
3.77% of portfolio
 		BP
BP plc
3.74% of portfolio
 		SEB
Seaboard Corp.
3.71% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.90% of portfolio
 		STL
Sterling Bancorp
2.24% of portfolio
 		IDT
IDT Corp. CL B
1.28% of portfolio
 		TPHS
Trinity Place Holdings
1.01% of portfolio
 		GNE
Genie Energy Ltd.
0.72% of portfolio
 		NVS
Novartis AG
0.32% of portfolio
 		STRP
Straight Path Communications
0.30% of portfolio
2013   Q3$687 M PFE
Pfizer Inc.
10.48% of portfolio
 		NYT
New York Times CL A
9.95% of portfolio
 		C
Citigroup Inc.
9.70% of portfolio
 		NYCB
New York Community Bancorp
9.12% of portfolio
 		MRK
Merck & Co.
8.51% of portfolio
 		ORI
Old Republic International
7.67% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.13% of portfolio
 		SEB
Seaboard Corp.
5.35% of portfolio
 		HOLX
Hologic Inc.
4.66% of portfolio
 		VOXX
VOXX International Corp.
4.66% of portfolio
 		MBI
MBIA Inc.
4.44% of portfolio
 		SLM
SLM Corp.
3.86% of portfolio
 		BP
BP plc
2.99% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.93% of portfolio
 		PVBC
Provident Bancorp Inc.
1.80% of portfolio
 		IDT
IDT Corp. CL B
1.73% of portfolio
 		GNE
Genie Energy Ltd.
0.94% of portfolio
 		ASTE
Astec Industries
0.66% of portfolio
 		USG
USG Corp.
0.50% of portfolio
 		RSTK-D
RSTK Trinity Place
0.49% of portfolio
2013   Q2$648 M PFE
Pfizer Inc.
10.99% of portfolio
 		C
Citigroup Inc.
10.07% of portfolio
 		NYT
New York Times CL A
9.19% of portfolio
 		MRK
Merck & Co.
8.71% of portfolio
 		NYCB
New York Community Bancorp
8.65% of portfolio
 		ORI
Old Republic International
6.78% of portfolio
 		MBI
MBIA Inc.
6.09% of portfolio
 		SEB
Seaboard Corp.
6.05% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
5.79% of portfolio
 		SLM
SLM Corp.
5.28% of portfolio
 		HOLX
Hologic Inc.
4.59% of portfolio
 		VOXX
VOXX International Corp.
4.43% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.23% of portfolio
 		IDT
IDT Corp. CL B
1.93% of portfolio
 		PVBC
Provident Bancorp Inc.
1.64% of portfolio
 		GNE
Genie Energy Ltd.
0.94% of portfolio
 		ASTE
Astec Industries
0.67% of portfolio
 		RSTK-D
RSTK Trinity Place
0.57% of portfolio
 		BP
BP plc
0.49% of portfolio
 		USG
USG Corp.
0.43% of portfolio
2013   Q1$679 M PFE
Pfizer Inc.
10.94% of portfolio
 		C
Citigroup Inc.
8.97% of portfolio
 		NYCB
New York Community Bancorp
8.17% of portfolio
 		MRK
Merck & Co.
7.58% of portfolio
 		NYT
New York Times CL A
7.44% of portfolio
 		NTPIF
Nam Tai Property Inc.
6.86% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.78% of portfolio
 		ORI
Old Republic International
6.45% of portfolio
 		SEB
Seaboard Corp.
5.78% of portfolio
 		SLM
SLM Corp.
5.52% of portfolio
 		HOLX
Hologic Inc.
5.20% of portfolio
 		MBI
MBIA Inc.
4.58% of portfolio
 		VOXX
VOXX International Corp.
3.69% of portfolio
 		BMY
Bristol-Myers Squibb
2.52% of portfolio
 		PVBC
Provident Bancorp Inc.
1.45% of portfolio
 		IDT
IDT Corp. CL B
1.19% of portfolio
 		GNE
Genie Energy Ltd.
0.91% of portfolio
 		USG
USG Corp.
0.69% of portfolio
 		ASTE
Astec Industries
0.65% of portfolio
 		BP
BP plc
0.48% of portfolio
2012   Q4$576 M PFE
Pfizer Inc.
10.75% of portfolio
 		C
Citigroup Inc.
9.23% of portfolio
 		NYCB
New York Community Bancorp
8.18% of portfolio
 		MRK
Merck & Co.
7.75% of portfolio
 		NYT
New York Times CL A
7.07% of portfolio
 		NTPIF
Nam Tai Property Inc.
6.91% of portfolio
 		ORI
Old Republic International
6.15% of portfolio
 		SEB
Seaboard Corp.
6.10% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
6.08% of portfolio
 		SLM
SLM Corp.
5.77% of portfolio
 		HOLX
Hologic Inc.
5.30% of portfolio
 		MBI
MBIA Inc.
4.06% of portfolio
 		BMY
Bristol-Myers Squibb
3.72% of portfolio
 		VOXX
VOXX International Corp.
2.71% of portfolio
 		PVBC
Provident Bancorp Inc.
1.76% of portfolio
 		IDT
IDT Corp. CL B
1.09% of portfolio
 		USG
USG Corp.
0.86% of portfolio
 		GNE
Genie Energy Ltd.
0.81% of portfolio
 		ASTE
Astec Industries
0.74% of portfolio
 		RSTK-D
RSTK Trinity Place
0.65% of portfolio
2012   Q3$558 M PFE
Pfizer Inc.
11.06% of portfolio
 		NYCB
New York Community Bancorp
9.15% of portfolio
 		MRK
Merck & Co.
9.00% of portfolio
 		NYT
New York Times CL A
8.16% of portfolio
 		C
Citigroup Inc.
7.89% of portfolio
 		SEB
Seaboard Corp.
5.62% of portfolio
 		HOLX
Hologic Inc.
5.56% of portfolio
 		NTPIF
Nam Tai Property Inc.
5.55% of portfolio
 		ORI
Old Republic International
5.49% of portfolio
 		MBI
MBIA Inc.
5.34% of portfolio
 		SLM
SLM Corp.
5.29% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
4.46% of portfolio
 		BMY
Bristol-Myers Squibb
4.21% of portfolio
 		VOXX
VOXX International Corp.
3.07% of portfolio
 		PVBC
Provident Bancorp Inc.
1.83% of portfolio
 		IDT
IDT Corp. CL B
1.22% of portfolio
 		GNE
Genie Energy Ltd.
0.85% of portfolio
 		ASTE
Astec Industries
0.72% of portfolio
 		USG
USG Corp.
0.70% of portfolio
 		BP
BP plc
0.58% of portfolio
2012   Q2$518 M PFE
Pfizer Inc.
11.17% of portfolio
 		MRK
Merck & Co.
9.17% of portfolio
 		NYCB
New York Community Bancorp
8.79% of portfolio
 		NYT
New York Times CL A
6.92% of portfolio
 		MBI
MBIA Inc.
6.20% of portfolio
 		C
Citigroup Inc.
6.10% of portfolio
 		SLM
SLM Corp.
5.84% of portfolio
 		SEB
Seaboard Corp.
5.73% of portfolio
 		HOLX
Hologic Inc.
5.40% of portfolio
 		BMY
Bristol-Myers Squibb
5.35% of portfolio
 		ORI
Old Republic International
4.64% of portfolio
 		VOXX
VOXX International Corp.
4.14% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.71% of portfolio
 		NTPIF
Nam Tai Property Inc.
3.44% of portfolio
 		MODL
MModal Inc.
2.57% of portfolio
 		PVBC
Provident Bancorp Inc.
1.59% of portfolio
 		IDT
IDT Corp. CL B
1.27% of portfolio
 		GNE
Genie Energy Ltd.
1.00% of portfolio
 		ASTE
Astec Industries
0.75% of portfolio
 		USG
USG Corp.
0.67% of portfolio
2012   Q1$551 M PFE
Pfizer Inc.
10.34% of portfolio
 		NYCB
New York Community Bancorp
9.17% of portfolio
 		MRK
Merck & Co.
8.21% of portfolio
 		C
Citigroup Inc.
7.18% of portfolio
 		BMY
Bristol-Myers Squibb
7.11% of portfolio
 		HOLX
Hologic Inc.
6.12% of portfolio
 		VOXX
VOXX International Corp.
5.73% of portfolio
 		SLM
SLM Corp.
5.46% of portfolio
 		MBI
MBIA Inc.
5.27% of portfolio
 		ORI
Old Republic International
5.23% of portfolio
 		NYT
New York Times CL A
5.11% of portfolio
 		SEB
Seaboard Corp.
5.09% of portfolio
 		PTEN
Patterson-UTI Energy Inc.
3.56% of portfolio
 		NTPIF
Nam Tai Property Inc.
2.95% of portfolio
 		MODL
MModal Inc.
1.96% of portfolio
 		PVBC
Provident Bancorp Inc.
1.61% of portfolio
 		GNE
Genie Energy Ltd.
1.18% of portfolio
 		IDT
IDT Corp. CL B
1.14% of portfolio
 		SYMS
Syms Corp.
0.86% of portfolio
 		ASTE
Astec Industries
0.84% of portfolio