Pfizer Inc. (PFE), Merck & Co., Inc. (MRK), Citigroup Inc (C) Top Kahn Brothers’ Portfolio

We move next to Citigroup Inc (NYSE:C), a multinational provider of banking and financial services, in which 1.13 million shares are held by Kahn Brothers, those shares having a value of $58.27 million. Citigroup Inc (NYSE:C) posted solid first quarter revenue of $19.7 billion, with net income rising by 24% to $4.8 billion from $3.9 billion a year ago. Some of the improved operating profit came from lower expenses, with operating expenses coming in at $9.7 billion for the first quarter, a 4% decrease compared with the first quarter of 2014. The largest hedge fund holdings in Citigroup are held by Seth Klarman‘s Baupost Group with 102.67 million shares, Eton Park Capital and Eagle Capital Management.

Lastly we come to International Business Machines Corp. (NYSE:IBM), in which Kahn Brothers owns 7,158 shares worth $1.15 million. Founded in 1911, International Business Machines Corp is one of the leaders in desktop computing and is headquartered in Armonk, New York. In the first quarter, IBM had earnings of $2.4 billion or $2.44 per share and expects full year earnings of  $14.17 to $14.93 per share. Buffett also remains a big believer in International Business Machines Corp. (NYSE:IBM), owning 76.97 million shares of the company as of the end of 2014.

Disclosure: None