Institutional Manager · CIK 0001602476
Lumbard & Kellner, LLC
HOLLIS, NH · File #028-16104
Latest AUM
$285.5M
Positions
100
Top-10 Concentration
40.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | INVESCO S&P 500 EQUAL WEIGHT ETF | IVZ | +22,718 | +$4.4M | +$52,137 |
| NEW | UIPATH INC CL A | PATH | +224,337 | +$3.7M | $0 |
| NEW | ADVANSIX INC COM | ASIX | +145,128 | +$2.5M | $0 |
| ADD | PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | 71654V408 | +199,527 | +$2.4M | -$411,349 |
| EXITED | FIVE9 INC COM | 338307101 | -88,046 | -$2.1M | $0 |
| REDUCE | ADVANCED MICRO DEVICES INC COM | AMD | -9,728 | -$2.1M | +$1.7M |
| REDUCE | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | -20,016 | -$1.8M | -$64,338 |
| REDUCE | FIRST SOLAR INC COM | FSLR | -6,317 | -$1.7M | +$1.7M |
| REDUCE | BLOOM ENERGY CORP COM CL A | BE | -15,788 | -$1.4M | +$77,643 |
| REDUCE | STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF | 78464A847 | -9,891 | -$572,788 | +$129,710 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025100 pos · $285.5M
- 13F HOLDINGS REPORTQ/E Sep 202597 pos · $271.9M
- 13F HOLDINGS REPORTQ/E Jun 202589 pos · $229.4M
- 13F HOLDINGS REPORTQ/E Mar 202583 pos · $226.8M
- 13F HOLDINGS REPORTQ/E Dec 202480 pos · $232.7M
- 13F HOLDINGS REPORTQ/E Sep 202479 pos · $227.0M
- 13F HOLDINGS REPORTQ/E Jun 202475 pos · $211.8M
- 13F HOLDINGS REPORTQ/E Mar 202471 pos · $205.5M
- 13F HOLDINGS REPORTQ/E Dec 202358 pos · $150.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC CAP STK CL C | GOOG | 48,276 | $15.1M | 5.85% |
| 2 | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | 153,870 | $14.1M | 5.43% |
| 3 | GOLDMAN SACHS GROUP INC COM | GSCE | 11,910 | $10.5M | 4.05% |
| 4 | HUDBAY MINERALS INC COM | HBM | 519,436 | $10.3M | 3.98% |
| 5 | STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF | 78464A847 | 170,262 | $9.9M | 3.81% |
| 6 | INVESCO S&P 500 EQUAL WEIGHT ETF | IVZ | 50,749 | $9.7M | 3.76% |
| 7 | FIRST SOLAR INC COM | FSLR | 36,236 | $9.5M | 3.66% |
| 8 | METLIFE INC COM | MET-PF | 106,660 | $8.4M | 3.25% |
| 9 | PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | 71654V408 | 707,365 | $8.4M | 3.24% |
| 10 | CISCO SYS INC COM | CSCO | 105,870 | $8.2M | 3.15% |
| 11 | KRATOS DEFENSE & SEC SOLUTIONS COM NEW | 50077B207 | 104,513 | $7.9M | 3.07% |
| 12 | FREEDOM 100 EMERGING MARKETS ETF | 02072L607 | 152,982 | $7.8M | 3.03% |
| 13 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | 921946794 | 79,084 | $7.1M | 2.75% |
| 14 | KINDER MORGAN INC DEL COM | EP-PC | 245,298 | $6.7M | 2.61% |
| 15 | AMAZON COM INC COM | AMZN | 28,207 | $6.5M | 2.52% |
| 16 | ENERSYS COM | ENS | 44,132 | $6.5M | 2.50% |
| 17 | MATERION CORP COM | MTRN | 51,535 | $6.4M | 2.48% |
| 18 | LOCKHEED MARTIN CORP COM | LMT | 10,792 | $5.2M | 2.02% |
| 19 | PRIMORIS SVCS CORP COM | 74164F103 | 41,322 | $5.1M | 1.98% |
| 20 | MICROSOFT CORP COM | MSFT | 10,451 | $5.1M | 1.95% |