Lumbard & Kellner, LLC — 13F Holdings & Portfolio

CIK 1602476 · latest 13F-HR filed 2026-08-06

Lumbard & Kellner, LLC manages $329.9M in 13F-reported U.S. long-equity assets across 108 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GOOG (5.56%), MTRN (4.65%), HBM (3.72%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 14 new positions and exited 5; 62 existing positions rose in reported value and 22 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$329.9M

Long-equity book

Holdings

108

Distinct positions

Period

2026-06-30

Filed 2026-08-06

Q/Q Activity

+14 / −5 / ↑62 / ↓22

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

GOOG5.6% · +6%MTRN4.7% · -0%HBM3.7% · +0%GS3.7% · +1%SPMD3.6% · +1%PBR3.5% · +0%FRDM3.4% · +0%RSP3.3% · +0%ENS3.1% · -0%BIL3.0% · -18%MET2.8% · +0%FSLR2.6% · +1%VYMI2.4% · +1%AMZN2.4% · +2%KMI2.4% · +1%CSCO2.0% · -47%FLKR1.9% · 0%ETON1.9% · -0%FLBR1.8% · 0%LMT1.7% · +2%KTOS1.6% · +2%SBC1.6% · +9900%XLF1.6% · +0%PRIM1.4% · +13%NOC1.4% · +0%KRE1.2% · +1%VTI1.2% · +1%MSFT1.2% · +4%QABA1.2% · +0%AMAT1.2% · 0%HROW1.2% · +2%BRK.A1.1% · 0%EMN1.1% · new FLIN1.1% · +0%VEU1.1% · +1%AAPL1.0% · +3%RNW1.0% · new BE1.0% · -14%AMSC0.9% · +1%LLY0.9% · +1%ASIX0.9% · +0%ALKS0.8% · -0%DNLI0.8% · +4%EIDO0.7% · +1%BRK.B0.7% · +3%SPY0.7% · 0%CLIP0.5% · -10%INTC0.4% · 0%JPM0.4% · +4%QQQ0.4% · 0%STNG0.4% · 0%SPTM0.4% · -0%WELL0.4% · 0%XLE0.4% · +101%JOE0.4% · +2%GLD0.3% · +4%XOM0.3% · 0%VTV0.3% · 0%UTI0.3% · -4%XLK0.3% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 37.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Assets Under Management

$443.6M

Discretionary

$443.6M

Employees

Accounts

321

Address

5 HUTCHINGS DRIVE
HOLLIS, NH 03049-0749

Phone

(603) 465-7700

Website

WWW.LUMBARD.COM

Mailing Address

POST OFFICE BOX 749, HOLLIS, NH, 03049-0749

Name	Title / Status	Ownership	Type
CONWAY, JAMES, B Control	MEMBER	10–25%	Individual
KELLNER, DREW, DAWSON Control	MEMBER, CHIEF COMPLIANCE OFFICER	10–25%	Individual
LUMBARD, JOHN, ASHMORE Control	MANAGER	25–50%	Individual
RUSSELL, ANNE Control	MEMBER	10–25%	Individual
COZ, PETER, BOYD	MEMBER	5–10%	Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

MATERION CORP COM$7.9M +105.6%
SBC MED GROUP HLDGS INC COM$5.2M +7268.0%
ALPHABET INC CAP STK CL C$4.3M +31.0%
FREEDOM 100 EMERGING MARKETS ETF$2.8M +33.5%
ENERSYS COM$2.6M +34.1%

Show all 62 →

Top Trims

PETROLEO BRASILEIRO S A SPONSORED ADR-$3.2M -21.8%
STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF-$2.2M -18.1%
KRATOS DEFENSE & SEC SOLUTIONS COM NEW-$2.1M -28.2%
CISCO SYS INC COM-$1.6M -19.5%
NORTHROP GRUMMAN CORP COM-$1.5M -25.2%

Show all 22 →

New Positions

EASTMAN CHEM CO COM$3.6M
RENEW ENERGY GLOBAL PLC CL A SHS$3.2M
EXXONMOBIL HOLDINGS CORP COM SHS$1.1M
STATE STREET SPDR S&P BIOTECH ETF$977.0K
ADVANCED MICRO DEVICES INC COM$555.4K

Show all 14 →

Exited Positions

JABIL INC COM$5.1M
EXXON MOBIL CORP COM$1.3M
HONEYWELL INTL INC COM$761.3K
SCHWAB SHORT-TERM US TREASURY ETF$449.7K
GREEN PLAINS INC COM$434.5K

Loading…

#	Issuer	Symbol	CUSIP	Value	Δ

Lumbard & Kellner, LLC Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	ALPHABET INC CAP STK CL C	GOOG	02079K107	$18.3M	5.56%	51,907	SH
2	MATERION CORP COM	MTRN	576690101	$15.3M	4.65%	51,579	SH
3	HUDBAY MINERALS INC COM	HBM	443628102	$12.3M	3.72%	519,841	SH
4	GOLDMAN SACHS GROUP INC COM	GS	38141G104	$12.2M	3.69%	12,049	SH
5	STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF	SPMD	78464A847	$11.8M	3.57%	174,182	SH
6	PETROLEO BRASILEIRO S A SPONSORED ADR	PBR	71654V408	$11.5M	3.48%	710,098	SH
7	FREEDOM 100 EMERGING MARKETS ETF	FRDM	02072L607	$11.2M	3.40%	153,636	SH
8	INVESCO S&P 500 EQUAL WEIGHT ETF	RSP	46137V357	$11.0M	3.34%	51,810	SH
9	ENERSYS COM	ENS	29275Y102	$10.3M	3.12%	44,024	SH
10	STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	BIL	78468R663	$9.9M	3.01%	108,366	SH
11	METLIFE INC COM	MET	59156R108	$9.1M	2.76%	107,443	SH
12	FIRST SOLAR INC COM	FSLR	336433107	$8.6M	2.61%	36,506	SH
13	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF	VYMI	921946794	$8.0M	2.41%	81,096	SH
14	AMAZON COM INC COM	AMZN	023135106	$7.9M	2.41%	33,345	SH
15	KINDER MORGAN INC DEL COM	KMI	49456B101	$7.9M	2.39%	247,038	SH
16	CISCO SYS INC COM	CSCO	17275R102	$6.6M	2.01%	56,311	SH
17	FRANKLIN FTSE SOUTH KOREA ETF	FLKR	35473P710	$6.4M	1.94%	96,743	SH
18	ETON PHARMACEUTICALS INC COM	ETON	29772L108	$6.4M	1.93%	175,909	SH
19	FRANKLIN FTSE BRAZIL ETF	FLBR	35473P835	$5.8M	1.76%	270,704	SH
20	LOCKHEED MARTIN CORP COM	LMT	539830109	$5.6M	1.70%	10,987	SH
21	KRATOS DEFENSE & SEC SOLUTIONS COM NEW	KTOS	50077B207	$5.3M	1.62%	107,007	SH
22	SBC MED GROUP HLDGS INC COM	SBC	73245B107	$5.3M	1.61%	1,727,208	SH
23	STATE STREET FINANCIAL SELECT SECTOR SPDR ETF	XLF	81369Y605	$5.3M	1.61%	98,982	SH
24	PRIMORIS SVCS CORP COM	PRIM	74164F103	$4.6M	1.41%	46,897	SH
25	NORTHROP GRUMMAN CORP COM	NOC	666807102	$4.5M	1.37%	8,880	SH
26	STATE STREET SPDR S&P REGIONAL BANKING ETF	KRE	78464A698	$4.1M	1.25%	55,017	SH
27	VANGUARD TOTAL STOCK MARKET ETF	VTI	922908769	$4.1M	1.24%	11,098	SH
28	MICROSOFT CORP COM	MSFT	594918104	$4.0M	1.23%	10,847	SH
29	FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND	QABA	33736Q104	$3.9M	1.18%	57,811	SH
30	APPLIED MATLS INC COM	AMAT	038222105	$3.9M	1.17%	5,350	SH
31	HARROW INC COM	HROW	415858109	$3.8M	1.16%	90,322	SH
32	BERKSHIRE HATHAWAY INC DEL CL A	BRK.A	084670108	$3.7M	1.14%	5	SH
33	EASTMAN CHEM CO COM	EMN	277432100	$3.6M	1.10%	54,208	SH
34	FRANKLIN FTSE INDIA ETF	FLIN	35473P769	$3.6M	1.10%	101,835	SH
35	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	VEU	922042775	$3.6M	1.09%	42,889	SH
36	APPLE INC COM	AAPL	037833100	$3.4M	1.03%	11,735	SH
37	RENEW ENERGY GLOBAL PLC CL A SHS	RNW	G7500M104	$3.2M	0.98%	518,293	SH
38	BLOOM ENERGY CORP COM CL A	BE	093712107	$3.2M	0.97%	10,586	SH
39	AMERICAN SUPERCONDUCTOR CORP SHS NEW	AMSC	030111207	$3.1M	0.93%	74,139	SH
40	ELI LILLY & CO COM	LLY	532457108	$3.1M	0.93%	2,545	SH
41	ADVANSIX INC COM	ASIX	00773T101	$2.9M	0.88%	146,212	SH
42	ALKERMES PLC SHS	ALKS	G01767105	$2.8M	0.84%	52,592	SH
43	DENALI THERAPEUTICS INC COM	DNLI	24823R105	$2.5M	0.77%	98,282	SH
44	ISHARES MSCI INDONESIA ETF	EIDO	46429B309	$2.3M	0.71%	207,366	SH
45	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK.B	084670702	$2.2M	0.67%	4,419	SH
46	STATE STREET SPDR S&P 500 ETF	SPY	78462F103	$2.2M	0.66%	2,932	SH
47	GLOBAL X 1-3 MONTH T-BILL ETF	CLIP	37960A438	$1.8M	0.55%	18,058	SH
48	INTEL CORP COM	INTC	458140100	$1.5M	0.45%	10,615	SH
49	JPMORGAN CHASE & CO COM	JPM	46625H100	$1.4M	0.44%	4,387	SH
50	INVESCO QQQ TRUST SERIES I	QQQ	46090E103	$1.4M	0.42%	1,865	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-06-30	2026-08-06	$329.9M	108	0001602476-26-000003
2026-03-31	2026-05-15	$288.6M	99	0001602476-26-000002
2025-12-31	2026-02-03	$285.5M	100	0001602476-26-000001
2025-09-30	2025-11-12	$271.9M	97	0001602476-25-000005

Filer Information

Address

5 HUTCHINGS DRIVE
HOLLIS, NH 03049

Phone

(603) 465-7700

Filing Manager

Lumbard & Kellner, LLC

HOLLIS, NH

Signatory

Drew Kellner

CCO