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Lumbard & Kellner, LLC — 13F Holdings & Portfolio

CIK 1602476 · latest 13F-HR filed 2026-05-15

Backtest portfolio

Lumbard & Kellner, LLC manages $288.6M in 13F-reported U.S. long-equity assets across 99 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are PBR (5.09%), GOOG (4.85%), BIL (4.20%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 6 new positions, exited 7, added to 44, and trimmed 25.

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.

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AUM

$288.6M

Long-equity book

Holdings

99

Distinct positions

Period

2026-03-31

Filed 2026-05-15

Q/Q Activity

+6 / −7 / ↑44 / ↓25

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • PETROLEO BRASILEIRO S A SPONSORED ADR$6.3M +75.1%
  • STATE STREET SPDR S&P REGIONAL BANKING ETF$2.8M +362.3%
  • FRANKLIN FTSE BRAZIL ETF$1.5M +31.1%
  • KINDER MORGAN INC DEL COM$1.5M +22.1%
  • ETON PHARMACEUTICALS INC COM$1.4M +46.8%
Show all 44 →

Top Trims

  • GREEN PLAINS INC COM-$4.1M -90.3%
  • FIRST SOLAR INC COM-$2.3M -24.4%
  • STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF-$1.9M -13.8%
  • HARROW INC COM-$1.2M -27.8%
  • MICROSOFT CORP COM-$1.2M -23.5%
Show all 25 →

New Positions

  • STATE STREET FINANCIAL SELECT SECTOR SPDR ETF$4.9M
  • ALKERMES PLC SHS$1.9M
  • DENALI THERAPEUTICS INC COM$1.8M
  • AMPHENOL CORP CL A$252.7K
  • ENTERPRISE PRODS PARTNERS L P COM$208.1K
Show all 6 →

Exited Positions

  • ADVANCED MICRO DEVICES INC COM$4.8M
  • SNOWFLAKE INC COM SHS$3.8M
  • UIPATH INC CL A$3.7M
  • PRUDENTIAL FINL INC COM$2.9M
  • ISHARES 0-3 MONTH TREASURY BOND ETF$845.2K
Show all 7 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 PETROLEO BRASILEIRO S A SPONSORED ADR PBR 71654V408 $14.7M 5.09% 707,340 SH
2 ALPHABET INC CAP STK CL C GOOG 02079K107 $14.0M 4.85% 48,805 SH
3 STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF BIL 78468R663 $12.1M 4.20% 132,326 SH
4 HUDBAY MINERALS INC COM HBM 443628102 $10.9M 3.76% 519,392 SH
5 STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF SPMD 78464A847 $10.2M 3.54% 172,588 SH
6 GOLDMAN SACHS GROUP INC COM GS 38141G104 $10.1M 3.50% 11,923 SH
7 INVESCO S&P 500 EQUAL WEIGHT ETF RSP 46137V357 $9.9M 3.43% 51,581 SH
8 FREEDOM 100 EMERGING MARKETS ETF FRDM 02072L607 $8.4M 2.91% 153,507 SH
9 KINDER MORGAN INC DEL COM KMI 49456B101 $8.2M 2.85% 245,511 SH
10 CISCO SYS INC COM CSCO 17275R102 $8.2M 2.85% 105,952 SH
11 ENERSYS COM ENS 29275Y102 $7.7M 2.66% 44,177 SH
12 VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF VYMI 921946794 $7.6M 2.62% 80,254 SH
13 METLIFE INC COM MET 59156R108 $7.6M 2.62% 106,923 SH
14 MATERION CORP COM MTRN 576690101 $7.5M 2.59% 51,581 SH
15 KRATOS DEFENSE & SEC SOLUTIONS COM NEW KTOS 50077B207 $7.4M 2.57% 105,348 SH
16 FIRST SOLAR INC COM FSLR 336433107 $7.2M 2.48% 36,260 SH
17 AMAZON COM INC COM AMZN 023135106 $6.8M 2.35% 32,627 SH
18 LOCKHEED MARTIN CORP COM LMT 539830109 $6.5M 2.27% 10,815 SH
19 FRANKLIN FTSE BRAZIL ETF FLBR 35473P835 $6.5M 2.24% 270,598 SH
20 NORTHROP GRUMMAN CORP COM NOC 666807102 $6.0M 2.09% 8,860 SH
21 PRIMORIS SVCS CORP COM PRIM 74164F103 $5.9M 2.06% 41,500 SH
22 JABIL INC COM JBL 466313103 $5.1M 1.78% 19,339 SH
23 STATE STREET FINANCIAL SELECT SECTOR SPDR ETF XLF 81369Y605 $4.9M 1.69% 98,684 SH
24 ETON PHARMACEUTICALS INC COM ETON 29772L108 $4.3M 1.50% 175,911 SH
25 MICROSOFT CORP COM MSFT 594918104 $3.9M 1.34% 10,451 SH
26 FRANKLIN FTSE SOUTH KOREA ETF FLKR 35473P710 $3.9M 1.34% 96,714 SH
27 BERKSHIRE HATHAWAY INC DEL CL A BRK.A 084670108 $3.6M 1.24% 5 SH
28 STATE STREET SPDR S&P REGIONAL BANKING ETF KRE 78464A698 $3.6M 1.24% 54,714 SH
29 ADVANSIX INC COM ASIX 00773T101 $3.6M 1.23% 145,694 SH
30 VANGUARD TOTAL STOCK MARKET ETF VTI 922908769 $3.5M 1.23% 11,020 SH
31 FRANKLIN FTSE INDIA ETF FLIN 35473P769 $3.4M 1.17% 101,634 SH
32 FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND QABA 33736Q104 $3.4M 1.16% 57,613 SH
33 ISHARES MSCI INDONESIA ETF EIDO 46429B309 $3.3M 1.13% 205,975 SH
34 VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VEU 922042775 $3.2M 1.10% 42,302 SH
35 HARROW INC COM HROW 415858109 $3.1M 1.08% 88,559 SH
36 APPLE INC COM AAPL 037833100 $2.9M 1.00% 11,409 SH
37 AMERICAN SUPERCONDUCTOR CORP SHS NEW AMSC 030111207 $2.5M 0.86% 73,669 SH
38 ELI LILLY & CO COM LLY 532457108 $2.3M 0.80% 2,520 SH
39 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $2.1M 0.71% 4,295 SH
40 GLOBAL X 1-3 MONTH T-BILL ETF CLIP 37960A438 $2.0M 0.70% 20,138 SH
41 STATE STREET SPDR S&P 500 ETF SPY 78462F103 $1.9M 0.66% 2,932 SH
42 ALKERMES PLC SHS ALKS G01767105 $1.9M 0.64% 52,593 SH
43 APPLIED MATLS INC COM AMAT 038222105 $1.8M 0.63% 5,350 SH
44 DENALI THERAPEUTICS INC COM DNLI 24823R105 $1.8M 0.63% 94,782 SH
45 BLOOM ENERGY CORP COM CL A BE 093712107 $1.7M 0.58% 12,379 SH
46 SCORPIO TANKERS INC SHS STNG Y7542C130 $1.4M 0.49% 19,020 SH
47 EXXON MOBIL CORP COM XOM 30231G102 $1.3M 0.46% 7,826 SH
48 SPDR GOLD SHARES GLD 78463V107 $1.3M 0.44% 2,953 SH
49 JPMORGAN CHASE & CO COM JPM 46625H100 $1.2M 0.43% 4,234 SH
50 ST JOE CO COM JOE 790148100 $1.1M 0.40% 18,187 SH
Filing History
Period Filed AUM Holdings Accession
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