13F-HR 1 qtr13f3rd11.txt FORM 13F Report for the Calendar Year or Quarter Ended: September 30, 2011 This Amendment (Check only one.): is a restatement x adds new holding entries. Institutional Investment Manager Filing this Report: Name: Kahn Brothers Group, Inc. Address: 555 Madison Ave., 22nd Floor, NY, NY, 10022 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Kenneth Rodwogin Title: Vice President Phone: (212) 980-5050 Signature, Place, and Date of Signing: [Signature]/s/ Kenneth Rodwogin [City, State] New York, NY [Date] November 9, 2011 Report Type (Check only one.): 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) X 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s). FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 49 Form 13F Information Table Value Total: $449,028,605 Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE KAHN BROTHERS GROUP, INC. FORM 13F September 30, 2011 INVEST VOTING MARKET DISCR. AUTH. SECURITY CLASS CUSIP VALUE QTY SOLE NONE COMMON STOCK AMERICAN TEL & TEL COM 030177109 979,087 34,330 x 34,330 ASTORIA FIN'L COM 46265104 228,347 29,694 x 29,694 AUDIOVOX CORP. COM 50757103 12,544,112 2,284,902 x 2,284,902 AMBAC FIN'L COM 23139108 6,400 100,000 x 100,000 ASTEC INDUST COM 46224101 3,718,560 127,000 x 127,000 BANK OF AMERICA COM 60505104 247,107 40,377 x 40,377 BP PLC COM 55622104 2,759,355 76,500 x 76,500 BRISTOL MYERS SQUIBB COM 110122108 50,549,455 1,610,881 x 1,610,881 CFS BANCORP COM 12525D102 451,931 104,362 x 104,362 CITIGROUP, INC COM 172967101 21,755,025 849,308 x 849,308 CHEVRONTEXCO CORP. COM 166764100 1,776,432 19,180 x 19,180 COMCAST CL. A COM 20030N101 1,893,136 91,016 x 91,016 CTM MEDIA CL A COM 22944D104 371,275 212,157 x 212,157 CTM MEDIA CL B COM 22944D203 23,711 11,080 x 11,080 DIME COMM.BANC COM 253922108 1,361,335 134,386 x 134,386 EXXON MOBIL CORP COM 30231G102 1,362,684 18,762 x 18,762 FIRST PLACE FIN'L COM 33610T109 15,953 17,726 x 17,726 FIRST NIAGARA FIN'L COM 33582V108 2,247,067 245,581 x 245,581 FLUSHING FINANCIAL CORP COM 343873105 1,626,329 150,586 x 150,586 GENERAL ELECTRIC COM 369604103 281,570 18,500 x 18,500 HOLOGIC COM 436440101 24,122,969 1,585,994 x 1,585,994 IBM COM 459200101 1,936,510 11,074 x 11,074 IDT CORP. CL. B COM 448847309 13,706,719 671,898 x 671,898 KEYCORP NEW COM 493267108 149,940 25,285 x 25,285 LANDMARK SVGS. BK. COM 514928100 1,617,139 105,903 x 105,903 MERCK & CO. COM 589331107 42,821,720 1,309,532 x 1,309,532 MERITOR SVGS BK PA COM 590007100 90,094 21,400 x 21,400 MEDQUIST HOLDINGS COM 58506K102 7,635,910 1,010,041 x 1,010,041 MEDCO HEALTH SOL. COM 58405U102 310,318 6,618 x 6,618 MONSANTO COM 66166W101 598,542 9,969 x 9,969 MBIA INC. COM 55262C100 22,023,739 3,029,400 x 3,029,400 NAM TAI ELEC. COM 629865205 13,310,996 2,710,997 x 2,710,997 NEW YORK COMMUNITY BANC COM 649445103 43,235,802 3,633,261 x 3,633,261 NEWMARKET GROUP COM 651587107 495,856 3,265 x 3,265 NOVARTIS ADR COM 66987V109 2,534,189 45,440 x 45,440 NY TIMES CL A. COM 650111107 19,209,254 3,306,240 x 3,306,240 OLD REPUBLIC COM 680223104 24,011.280 2,691,848 x 2,691,848 PHI INC. NON-VOTE COM 716604202 645,592 33,730 x 33,730 PFIZER INC. COM 717081103 45,771,088 2,588,862 x 2,588,862 PROVIDENT BANCORP COM 74383A109 5,580,066 1,005,166 x 1,005,166 PATTERSON ENERGY COM 703481101 14,156,029 816,380 x 816,380 QUESTAR CORP. COM 748356102 282,475 15,950 x 15,950 SEABOARD CORP. COM 811543107 27,444,308 15,230 x 15,230 SLM CORP. COM 78443P106 24,252,339 1,947,979 x 1,947,979 SYMS CORP COM 871551107 3,834,832 437,267 x 437,267 TCF FIN'L COM 872275102 223,174 24,364 x 24,364 TRAVELERS COM 89417E109 3,234,624 66,378 x 66,378 USG INC. COM 903293405 1,224,860 182,000 x 182,000 VOLVO COM 928856400 99,370 10,000 x 10,000 TOTALS 449,028,605 33,497,799 33,497,799