13F HOLDINGS REPORT
Lumbard & Kellner, LLC
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001602476-25-000005
Total Value
$271.9M
Positions
97
Other Managers
0
Confidential Omitted
No
Holdings (97)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | 173,886 | $16.0M | 5.87% |
| 2 | ALPHABET INC CAP STK CL C | GOOG | 48,594 | $11.8M | 4.35% |
| 3 | SPDR PORTFOLIO S&P 400 MID CAP ETF | 78464A847 | 180,153 | $10.3M | 3.79% |
| 4 | GOLDMAN SACHS GROUP INC COM | GSCE | 12,191 | $9.7M | 3.57% |
| 5 | KRATOS DEFENSE & SEC SOLUTIONS COM NEW | 50077B207 | 105,828 | $9.7M | 3.56% |
| 6 | FIRST SOLAR INC COM | FSLR | 42,553 | $9.4M | 3.45% |
| 7 | METLIFE INC COM | MET-PF | 107,380 | $8.8M | 3.25% |
| 8 | HUDBAY MINERALS INC COM | HBM | 533,632 | $8.1M | 2.98% |
| 9 | CISCO SYS INC COM | CSCO | 107,617 | $7.4M | 2.71% |
| 10 | KINDER MORGAN INC DEL COM | EP-PC | 248,389 | $7.0M | 2.59% |
| 11 | FREEDOM 100 EMERGING MARKETS ETF | 02072L607 | 154,442 | $6.8M | 2.52% |
| 12 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | 921946794 | 80,146 | $6.8M | 2.50% |
| 13 | PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | 71654V408 | 507,838 | $6.4M | 2.36% |
| 14 | MATERION CORP COM | MTRN | 52,290 | $6.3M | 2.32% |
| 15 | AMAZON COM INC COM | AMZN | 28,415 | $6.2M | 2.29% |
| 16 | PRIMORIS SVCS CORP COM | 74164F103 | 41,148 | $5.7M | 2.08% |
| 17 | MICROSOFT CORP COM | MSFT | 10,451 | $5.4M | 1.99% |
| 18 | LOCKHEED MARTIN CORP COM | LMT | 10,837 | $5.4M | 1.99% |
| 19 | NORTHROP GRUMMAN CORP COM | NOC | 8,870 | $5.4M | 1.99% |
| 20 | INVESCO S&P 500 EQUAL WEIGHT ETF | IVZ | 28,031 | $5.3M | 1.96% |
| 21 | ADVANCED MICRO DEVICES INC COM | AMD | 32,306 | $5.2M | 1.92% |
| 22 | ENERSYS COM | ENS | 44,526 | $5.0M | 1.85% |
| 23 | FRANKLIN FTSE BRAZIL ETF | FGDL | 261,948 | $5.0M | 1.84% |
| 24 | AMERICAN SUPERCONDUCTOR CORP SHS NEW | AMSC | 72,439 | $4.3M | 1.58% |
| 25 | HARROW INC COM | HROW | 88,855 | $4.3M | 1.57% |
| 26 | JABIL INC COM | JBL | 19,426 | $4.2M | 1.55% |
| 27 | GREEN PLAINS INC COM | GPRE | 470,168 | $4.1M | 1.52% |
| 28 | SNOWFLAKE INC COM SHS | SNOW | 17,440 | $3.9M | 1.45% |
| 29 | ETON PHARMACEUTICALS INC COM | ETON | 176,300 | $3.8M | 1.41% |
| 30 | BERKSHIRE HATHAWAY INC DEL CL A | BRK-A | 5 | $3.8M | 1.39% |
| 31 | FRANKLIN FTSE INDIA ETF | FGDL | 100,020 | $3.7M | 1.37% |
| 32 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 11,020 | $3.6M | 1.33% |
| 33 | ISHARES MSCI INDONESIA ETF | 46429B309 | 199,152 | $3.5M | 1.29% |
| 34 | FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND | 33736Q104 | 57,755 | $3.2M | 1.19% |
| 35 | APPLE INC COM | AAPL | 12,401 | $3.2M | 1.16% |
| 36 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | 922042775 | 41,610 | $3.0M | 1.09% |
| 37 | BLOOM ENERGY CORP COM CL A | BE | 33,467 | $2.8M | 1.04% |
| 38 | PRUDENTIAL FINL INC COM | PUKPF | 25,996 | $2.7M | 0.99% |
| 39 | FRANKLIN FTSE SOUTH KOREA ETF | FGDL | 98,588 | $2.7M | 0.98% |
| 40 | GLOBAL X 1-3 MONTH T-BILL ETF | 37960A438 | 23,937 | $2.4M | 0.88% |
| 41 | FIVE9 INC COM | FIVN | 88,046 | $2.1M | 0.78% |
| 42 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK-A | 4,062 | $2.0M | 0.75% |
| 43 | SPDR S&P 500 ETF TRUST | SPY | 2,932 | $2.0M | 0.72% |
| 44 | ELI LILLY & CO COM | LLY | 2,520 | $1.9M | 0.71% |
| 45 | JPMORGAN CHASE & CO. COM | VYLD | 4,184 | $1.3M | 0.49% |
| 46 | SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF | 78464A805 | 14,330 | $1.2M | 0.43% |
| 47 | INVESCO QQQ TRUST SERIES I | IVZ | 1,865 | $1.1M | 0.41% |
| 48 | APPLIED MATLS INC COM | 038222105 | 5,400 | $1.1M | 0.41% |
| 49 | ORACLE CORP COM | ORCL-PD | 3,840 | $1.1M | 0.40% |
| 50 | SCORPIO TANKERS INC SHS | STNG | 19,020 | $1.1M | 0.39% |
| 51 | SCHWAB SHORT-TERM US TREASURY ETF | 808524862 | 42,987 | $1.0M | 0.39% |
| 52 | ISHARES 0-3 MONTH TREASURY BOND ETF | 46436E718 | 10,416 | $1.0M | 0.39% |
| 53 | SPDR GOLD SHARES | GLD | 2,880 | $1.0M | 0.38% |
| 54 | WELLTOWER INC COM | WELL | 5,496 | $979,057 | 0.36% |
| 55 | EXXON MOBIL CORP COM | XOM | 8,548 | $963,787 | 0.35% |
| 56 | VANGUARD VALUE ETF | 922908744 | 4,893 | $912,496 | 0.34% |
| 57 | ST JOE CO COM | JOE | 16,986 | $840,467 | 0.31% |
| 58 | VANECK GOLD MINERS ETF | 92189F106 | 10,684 | $816,258 | 0.30% |
| 59 | VANGUARD TOTAL WORLD STOCK ETF | 922042742 | 5,914 | $814,949 | 0.30% |
| 60 | UNIVERSAL TECHNICAL INST INC COM | UTI | 24,825 | $808,054 | 0.30% |
| 61 | SPDR S&P REGIONAL BANKING ETF | 78464A698 | 11,840 | $749,472 | 0.28% |
| 62 | SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | 78463X889 | 17,381 | $743,733 | 0.27% |
| 63 | TECHNOLOGY SELECT SECTOR SPDR FUND | 81369Y803 | 2,599 | $732,554 | 0.27% |
| 64 | UNITEDHEALTH GROUP INC COM | UNH | 2,098 | $724,439 | 0.27% |
| 65 | HONEYWELL INTL INC COM | 438516106 | 3,368 | $708,964 | 0.26% |
| 66 | SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | SII | 23,831 | $705,874 | 0.26% |
| 67 | ISHARES CORE S&P 500 ETF | 464287200 | 970 | $649,221 | 0.24% |
| 68 | ISHARES MSCI MEXICO ETF | 464286822 | 9,326 | $636,126 | 0.23% |
| 69 | RTX CORPORATION COM | RTX | 3,734 | $624,810 | 0.23% |
| 70 | JPMORGAN BETABUILDERS CANADA ETF | 46641Q225 | 7,091 | $618,548 | 0.23% |
| 71 | GE AEROSPACE COM NEW | 369604301 | 1,983 | $596,526 | 0.22% |
| 72 | UTILITIES SELECT SECTOR SPDR FUND | 81369Y886 | 6,378 | $556,225 | 0.20% |
| 73 | ENERGY SELECT SECTOR SPDR FUND | 81369Y506 | 5,275 | $471,269 | 0.17% |
| 74 | FIRSTENERGY CORP COM | FE | 9,485 | $434,603 | 0.16% |
| 75 | MERCK & CO INC COM | MRK | 4,671 | $392,037 | 0.14% |
| 76 | PEPSICO INC COM | PEP | 2,640 | $370,762 | 0.14% |
| 77 | INTEL CORP COM | INTC | 10,600 | $355,630 | 0.13% |
| 78 | NISOURCE INC COM | NI | 8,000 | $346,400 | 0.13% |
| 79 | META PLATFORMS INC CL A | META | 468 | $343,690 | 0.13% |
| 80 | COMCAST CORP NEW CL A | CCZ | 10,913 | $342,886 | 0.13% |
| 81 | HOME DEPOT INC COM | HD | 838 | $339,549 | 0.12% |
| 82 | GE VERNOVA INC COM | GEV | 517 | $317,903 | 0.12% |
| 83 | PHILIP MORRIS INTL INC COM | 718172109 | 1,900 | $308,180 | 0.11% |
| 84 | SPDR PORTFOLIO SHORT TERM TREASURY ETF | 78468R101 | 9,900 | $290,268 | 0.11% |
| 85 | AMERICAN EXPRESS CO COM | AXP | 870 | $288,979 | 0.11% |
| 86 | VANGUARD GROWTH ETF | 922908736 | 600 | $287,766 | 0.11% |
| 87 | INTERNATIONAL BUSINESS MACHS COM | INTR | 950 | $268,052 | 0.10% |
| 88 | JOHNSON & JOHNSON COM | JNJ | 1,440 | $267,005 | 0.10% |
| 89 | TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | 874039100 | 941 | $262,812 | 0.10% |
| 90 | CIENA CORP COM NEW | CIEN | 1,731 | $252,155 | 0.09% |
| 91 | NEXTERA ENERGY INC COM | NEE-PW | 3,052 | $230,395 | 0.08% |
| 92 | GILEAD SCIENCES INC COM | GILD | 1,960 | $217,560 | 0.08% |
| 93 | KEYCORP COM | 493267108 | 11,500 | $214,935 | 0.08% |
| 94 | SPDR S&P MIDCAP 400 ETF TRUST | MDY | 360 | $214,571 | 0.08% |
| 95 | WASTE MGMT INC DEL COM | 94106L109 | 950 | $209,789 | 0.08% |
| 96 | POLYPID LTD COM | PYPD | 38,200 | $127,397 | 0.05% |
| 97 | ADAPTIMMUNE THERAPEUTICS PLC SPONDS ADS | ADTI | 114,264 | $14,854 | 0.01% |