13F HOLDINGS REPORT
Lumbard & Kellner, LLC
Quarter ended Q4 2025 · Filed February 3, 2026 · Accession 0001602476-26-000001
Total Value
$285.5M
Positions
100
Other Managers
0
Confidential Omitted
No
Holdings (100)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET INC CAP STK CL C | GOOG | 48,276 | $15.1M | 5.31% |
| 2 | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | 153,870 | $14.1M | 4.92% |
| 3 | GOLDMAN SACHS GROUP INC COM | GSCE | 11,910 | $10.5M | 3.67% |
| 4 | HUDBAY MINERALS INC COM | HBM | 519,436 | $10.3M | 3.61% |
| 5 | STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF | 78464A847 | 170,262 | $9.9M | 3.45% |
| 6 | INVESCO S&P 500 EQUAL WEIGHT ETF | IVZ | 50,749 | $9.7M | 3.40% |
| 7 | FIRST SOLAR INC COM | FSLR | 36,236 | $9.5M | 3.32% |
| 8 | METLIFE INC COM | MET-PF | 106,660 | $8.4M | 2.95% |
| 9 | PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | 71654V408 | 707,365 | $8.4M | 2.94% |
| 10 | CISCO SYS INC COM | CSCO | 105,870 | $8.2M | 2.86% |
| 11 | KRATOS DEFENSE & SEC SOLUTIONS COM NEW | 50077B207 | 104,513 | $7.9M | 2.78% |
| 12 | FREEDOM 100 EMERGING MARKETS ETF | 02072L607 | 152,982 | $7.8M | 2.75% |
| 13 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | 921946794 | 79,084 | $7.1M | 2.49% |
| 14 | KINDER MORGAN INC DEL COM | EP-PC | 245,298 | $6.7M | 2.36% |
| 15 | AMAZON COM INC COM | AMZN | 28,207 | $6.5M | 2.28% |
| 16 | ENERSYS COM | ENS | 44,132 | $6.5M | 2.27% |
| 17 | MATERION CORP COM | MTRN | 51,535 | $6.4M | 2.24% |
| 18 | LOCKHEED MARTIN CORP COM | LMT | 10,792 | $5.2M | 1.83% |
| 19 | PRIMORIS SVCS CORP COM | 74164F103 | 41,322 | $5.1M | 1.80% |
| 20 | MICROSOFT CORP COM | MSFT | 10,451 | $5.1M | 1.77% |
| 21 | NORTHROP GRUMMAN CORP COM | NOC | 8,813 | $5.0M | 1.76% |
| 22 | FRANKLIN FTSE BRAZIL ETF | FGDL | 258,770 | $4.9M | 1.73% |
| 23 | ADVANCED MICRO DEVICES INC COM | AMD | 22,578 | $4.8M | 1.69% |
| 24 | GREEN PLAINS INC COM | GPRE | 458,930 | $4.5M | 1.58% |
| 25 | JABIL INC COM | JBL | 19,228 | $4.4M | 1.54% |
| 26 | HARROW INC COM | HROW | 88,312 | $4.3M | 1.52% |
| 27 | FRANKLIN FTSE INDIA ETF | FGDL | 100,969 | $3.9M | 1.36% |
| 28 | SNOWFLAKE INC COM SHS | SNOW | 17,288 | $3.8M | 1.33% |
| 29 | BERKSHIRE HATHAWAY INC DEL CL A | BRK-A | 5 | $3.8M | 1.32% |
| 30 | ISHARES MSCI INDONESIA ETF | 46429B309 | 200,651 | $3.8M | 1.31% |
| 31 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 11,020 | $3.7M | 1.29% |
| 32 | UIPATH INC CL A | PATH | 224,337 | $3.7M | 1.29% |
| 33 | FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND | 33736Q104 | 57,243 | $3.2M | 1.14% |
| 34 | APPLE INC COM | AAPL | 11,409 | $3.1M | 1.09% |
| 35 | FRANKLIN FTSE SOUTH KOREA ETF | FGDL | 96,548 | $3.1M | 1.08% |
| 36 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | 922042775 | 41,659 | $3.1M | 1.07% |
| 37 | ETON PHARMACEUTICALS INC COM | ETON | 174,944 | $3.0M | 1.04% |
| 38 | PRUDENTIAL FINL INC COM | PUKPF | 25,674 | $2.9M | 1.01% |
| 39 | ELI LILLY & CO COM | LLY | 2,520 | $2.7M | 0.95% |
| 40 | ADVANSIX INC COM | ASIX | 145,128 | $2.5M | 0.88% |
| 41 | GLOBAL X 1-3 MONTH T-BILL ETF | 37960A438 | 23,060 | $2.3M | 0.81% |
| 42 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK-A | 4,151 | $2.1M | 0.73% |
| 43 | AMERICAN SUPERCONDUCTOR CORP SHS NEW | AMSC | 71,161 | $2.0M | 0.72% |
| 44 | SPDR S&P 500 ETF TRUST | SPY | 2,932 | $2.0M | 0.70% |
| 45 | BLOOM ENERGY CORP COM CL A | BE | 17,679 | $1.5M | 0.54% |
| 46 | APPLIED MATLS INC COM | 038222105 | 5,350 | $1.4M | 0.48% |
| 47 | JPMORGAN CHASE & CO. COM | VYLD | 4,234 | $1.4M | 0.48% |
| 48 | STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF | 78464A805 | 14,330 | $1.2M | 0.41% |
| 49 | INVESCO QQQ TRUST SERIES I | IVZ | 1,865 | $1.1M | 0.40% |
| 50 | SPDR GOLD SHARES | GLD | 2,889 | $1.1M | 0.40% |
| 51 | ST JOE CO COM | JOE | 18,091 | $1.1M | 0.38% |
| 52 | WELLTOWER INC COM | WELL | 5,496 | $1.0M | 0.36% |
| 53 | SCORPIO TANKERS INC SHS | STNG | 19,020 | $966,787 | 0.34% |
| 54 | EXXON MOBIL CORP COM | XOM | 7,826 | $941,781 | 0.33% |
| 55 | VANGUARD VALUE ETF | 922908744 | 4,893 | $934,514 | 0.33% |
| 56 | VANECK GOLD MINERS ETF | 92189F106 | 10,684 | $916,367 | 0.32% |
| 57 | SCHWAB SHORT-TERM US TREASURY ETF | 808524862 | 34,964 | $852,094 | 0.30% |
| 58 | ISHARES 0-3 MONTH TREASURY BOND ETF | 46436E718 | 8,420 | $845,200 | 0.30% |
| 59 | VANGUARD TOTAL WORLD STOCK ETF | 922042742 | 5,914 | $834,229 | 0.29% |
| 60 | ISHARES MSCI MEXICO ETF | 464286822 | 11,429 | $792,373 | 0.28% |
| 61 | SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | SII | 23,831 | $786,900 | 0.28% |
| 62 | JPMORGAN BETABUILDERS CANADA ETF | 46641Q225 | 8,325 | $774,225 | 0.27% |
| 63 | SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | 78463X889 | 17,381 | $771,890 | 0.27% |
| 64 | STATE STREET SPDR S&P REGIONAL BANKING ETF | 78464A698 | 11,897 | $771,045 | 0.27% |
| 65 | ORACLE CORP COM | ORCL-PD | 3,828 | $746,115 | 0.26% |
| 66 | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | 81369Y803 | 5,140 | $740,006 | 0.26% |
| 67 | ISHARES CORE S&P 500 ETF | 464287200 | 1,020 | $698,639 | 0.24% |
| 68 | UNITEDHEALTH GROUP INC COM | UNH | 2,108 | $695,872 | 0.24% |
| 69 | RTX CORPORATION COM | RTX | 3,734 | $684,816 | 0.24% |
| 70 | HONEYWELL INTL INC COM | 438516106 | 3,368 | $657,063 | 0.23% |
| 71 | UNIVERSAL TECHNICAL INST INC COM | UTI | 24,221 | $632,895 | 0.22% |
| 72 | GE AEROSPACE COM NEW | 369604301 | 1,983 | $610,823 | 0.21% |
| 73 | ADOBE INC COM | ADBE | 1,627 | $569,434 | 0.20% |
| 74 | STATE STREET UTILITIES SELECT SECTOR SPDR ETF | 81369Y886 | 13,034 | $556,421 | 0.19% |
| 75 | MERCK & CO INC COM | MRK | 4,671 | $491,669 | 0.17% |
| 76 | STATE STREET ENERGY SELECT SECTOR SPDR ETF | 81369Y506 | 10,858 | $485,461 | 0.17% |
| 77 | FIRSTENERGY CORP COM | FE | 9,485 | $424,643 | 0.15% |
| 78 | INTEL CORP COM | INTC | 10,615 | $391,694 | 0.14% |
| 79 | PEPSICO INC COM | PEP | 2,640 | $378,893 | 0.13% |
| 80 | GE VERNOVA INC COM | GEV | 517 | $337,896 | 0.12% |
| 81 | NISOURCE INC COM | NI | 8,000 | $334,080 | 0.12% |
| 82 | COMCAST CORP NEW CL A | CCZ | 10,913 | $326,190 | 0.11% |
| 83 | AMERICAN EXPRESS CO COM | AXP | 870 | $321,857 | 0.11% |
| 84 | META PLATFORMS INC CL A | META | 468 | $308,922 | 0.11% |
| 85 | PHILIP MORRIS INTL INC COM | 718172109 | 1,900 | $304,760 | 0.11% |
| 86 | JOHNSON & JOHNSON COM | JNJ | 1,440 | $298,008 | 0.10% |
| 87 | VANGUARD GROWTH ETF | 922908736 | 600 | $292,716 | 0.10% |
| 88 | CIENA CORP COM NEW | CIEN | 1,245 | $291,168 | 0.10% |
| 89 | STATE STREET SPDR PORTFOLIO SHORT TERM TREASURY ETF | 78468R101 | 9,900 | $289,872 | 0.10% |
| 90 | HOME DEPOT INC COM | HD | 838 | $288,356 | 0.10% |
| 91 | TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | 874039100 | 941 | $285,960 | 0.10% |
| 92 | INTERNATIONAL BUSINESS MACHS COM | INTR | 950 | $281,400 | 0.10% |
| 93 | NEXTERA ENERGY INC COM | NEE-PW | 3,052 | $245,015 | 0.09% |
| 94 | GILEAD SCIENCES INC COM | GILD | 1,960 | $240,570 | 0.08% |
| 95 | KEYCORP COM | 493267108 | 11,500 | $237,360 | 0.08% |
| 96 | SPDR S&P MIDCAP 400 ETF TRUST | MDY | 360 | $217,181 | 0.08% |
| 97 | GENERAL MTRS CO COM | 37045V100 | 2,650 | $215,498 | 0.08% |
| 98 | DOVER CORP COM | DOV | 1,085 | $211,835 | 0.07% |
| 99 | WASTE MGMT INC DEL COM | 94106L109 | 950 | $208,725 | 0.07% |
| 100 | POLYPID LTD COM | PYPD | 38,200 | $165,788 | 0.06% |