Kahn Brothers (Trades , Portfolio ), the firm founded by the late Irving Kahn and his two brothers Alan and Thomas, disclosed this week that its top four buys during the first quarter included a new position in JPMorgan Chase & Co. (NYSE:JPM) and boosts to Patterson-UTI Energy Inc. (NASDAQ:PTEN), ViewRay Inc. (NASDAQ:VRAY) and BP PLC (NYSE:BP).
According to the firm's website, Kahn Brothers (Trades , Portfolio )' investment philosophy has, over time, evolved from Benjamin Graham's original "discount to net asset purchase" model to a contrarian value strategy focusing on margin of safety and long-term capital appreciation. The firm employs a bottom-up stock selection approach and invests in undervalued, out-of-favor companies.
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