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Lumbard & Kellner, LLC

SEC CIK
0001602476
Latest filing
Aug 6, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 12, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
97
+9 vs. Q2 2025
Portfolio value
$271.9M
+$42.5M (+18.5%) vs. Q2 2025
Filed
Nov 12, 2025
SEC
Holdings of Lumbard & Kellner, LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF173,886$16.0M5.9%+53,500+44.4%Added–
GOOGAlphabet Inc.Stock48,594$11.8M4.4%+2,142+4.6%AddedHistory
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF180,153$10.3M3.8%+430+0.2%Added–
GSGoldman Sachs Group IncStock12,191$9.71M3.6%−95−0.8%ReducedHistory
KTOSKratos Defense & Security Solutions, Inc.COM NEW105,828$9.67M3.6%+40.0%AddedHistory
FSLRFirst Solar, Inc.Stock42,553$9.38M3.5%+17,339+68.8%AddedHistory
METMetlife IncStock107,380$8.84M3.3%00.0%UnchangedHistory
HBMHudbay Minerals Inc.COM533,632$8.09M3.0%+450+0.1%AddedHistory
CSCOCisco Systems, Inc.Stock107,617$7.36M2.7%+4,969+4.8%AddedHistory
KMIKinder Morgan, Inc.Stock248,389$7.03M2.6%+9,518+4.0%AddedHistory
Ea Series Trust02072L607FREEDOM 100 EM154,442$6.84M2.5%+135+0.1%Added–
Vanguard Whitehall FDS921946794INTL HIGH ETF80,146$6.79M2.5%−33,399−29.4%Reduced–
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR507,838$6.43M2.4%00.0%UnchangedHistory
MTRNMATERION CorpCOM52,290$6.32M2.3%00.0%UnchangedHistory
AMZNAmazon Com IncStock28,415$6.24M2.3%+44+0.2%AddedHistory
PRIMPrimoris Services CorpStock41,148$5.65M2.1%00.0%UnchangedHistory
MSFTMicrosoft CorpStock10,451$5.41M2.0%+356+3.5%AddedHistory
LMTLockheed Martin CorpStock10,837$5.41M2.0%+965+9.8%AddedHistory
NOCNorthrop Grumman CorpStock8,870$5.40M2.0%00.0%UnchangedHistory
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT28,031$5.32M2.0%−1,057−3.6%Reduced–
AMDAdvanced Micro Devices IncStock32,306$5.23M1.9%00.0%UnchangedHistory
ENSEnerSysCOM44,526$5.03M1.8%+145+0.3%AddedHistory
Franklin Templeton ETF Tr35473P835FTSE BRAZIL261,948$4.99M1.8%−741−0.3%Reduced–
AMSCAmerican Superconductor CorpStock72,439$4.30M1.6%00.0%UnchangedHistory
HROWHarrow, Inc.COM88,855$4.28M1.6%+88,855NewHistory
JBLJabil IncStock19,426$4.22M1.6%00.0%UnchangedHistory
GPREGreen Plains Inc.COM470,168$4.13M1.5%00.0%UnchangedHistory
SNOWSnowflake Inc.Stock17,440$3.93M1.4%00.0%UnchangedHistory
ETONEton Pharmaceuticals, Inc.COM176,300$3.83M1.4%+176,300NewHistory
BRK.ABerkshire Hathaway IncCL A5$3.77M1.4%00.0%UnchangedHistory
Franklin Templeton ETF Tr35473P769FRANKLIN INDIA100,020$3.73M1.4%+100,020New–
Vanguard Morningstar Total Stock Market ETF922908769ETF11,020$3.62M1.3%00.0%Unchanged–
iShares Tr46429B309MSCI INDONIA ETF199,152$3.50M1.3%00.0%Unchanged–
First Tr Exchange-Traded FD33736Q104UT COM SHS ETF57,755$3.24M1.2%00.0%Unchanged–
AAPLApple Inc.Stock12,401$3.16M1.2%+1,748+16.4%AddedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF41,610$2.97M1.1%+3,234+8.4%Added–
BEBloom Energy CorpCOM CL A33,467$2.83M1.0%−177,285−84.1%ReducedHistory
PRUPrudential Financial IncStock25,996$2.70M1.0%00.0%UnchangedHistory
Franklin Templeton ETF Tr35473P710FTSE SOUTH KOREA98,588$2.66M1.0%+98,588New–
Global X FDS37960A4381 3 MO T BI ET23,937$2.40M0.9%−1,320−5.2%Reduced–
FIVNFive9, Inc.COM88,046$2.13M0.8%−4,621−5.0%ReducedHistory
BRK.BBerkshire Hathaway IncStock4,062$2.04M0.8%+1,021+33.6%AddedHistory
SPYSPDR S&P 500 ETF TrustETF2,932$1.95M0.7%00.0%UnchangedHistory
LLYEli Lilly & CoStock2,520$1.92M0.7%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock4,184$1.32M0.5%00.0%UnchangedHistory
SPDR Series Trust78464A805ST STR PR SP150014,330$1.16M0.4%+11,342+379.6%Added–
Invesco QQQ Trust Series I46090E103ETF1,865$1.12M0.4%00.0%Unchanged–
AMATApplied Materials IncStock5,400$1.11M0.4%00.0%UnchangedHistory
ORCLOracle CorpStock3,840$1.08M0.4%−27,725−87.8%ReducedHistory
STNGScorpio Tankers Inc.SHS19,020$1.07M0.4%00.0%UnchangedHistory
Schwab Strategic Tr808524862SHT TM US TRES42,987$1.05M0.4%−3,635−7.8%Reduced–
iShares Tr46436E7180-3 MTH TREASURY10,416$1.05M0.4%00.0%Unchanged–
GLDSPDR Gold TrustETF2,880$1.02M0.4%+1,643+132.8%AddedHistory
WELLWelltower Inc.REIT5,496$979.1K0.4%00.0%UnchangedHistory
XOMExxonMobil Holdings CorpCOM8,548$963.8K0.4%−265−3.0%ReducedHistory
Vanguard Morningstar Value ETF922908744ETF4,893$912.5K0.3%00.0%Unchanged–
JOEST JOE CoCOM16,986$840.5K0.3%+1,635+10.7%AddedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF10,684$816.3K0.3%+10,684New–
Vanguard Total World Stock ETF922042742ETF5,914$814.9K0.3%00.0%Unchanged–
UTIUniversal Technical Institute IncCOM24,825$808.1K0.3%+6,090+32.5%AddedHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF11,840$749.5K0.3%+6,718+131.2%Added–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF17,381$743.7K0.3%+11,752+208.8%Added–
State Street Technology Select Sector SPDR ETF81369Y803ETF2,599$732.6K0.3%00.0%Unchanged–
UNHUnitedHealth Group IncStock2,098$724.4K0.3%+98+4.9%AddedHistory
HONHoneywell International IncCOM3,368$709.0K0.3%00.0%UnchangedHistory
PHYSSprott Physical Gold TrustPHYSICAL GOLD TR23,831$705.9K0.3%+126+0.5%AddedHistory
iShares Core S&P 500 ETF464287200ETF970$649.2K0.2%+364+60.1%Added–
iShares Inc464286822MSCI MEXICO ETF9,326$636.1K0.2%00.0%Unchanged–
RTXRTX CorpStock3,734$624.8K0.2%00.0%UnchangedHistory
J P Morgan Exchange Traded F46641Q225BETA CDA ETF NEW7,091$618.5K0.2%00.0%Unchanged–
GEGeneral Electric CoStock1,983$596.5K0.2%−102−4.9%ReducedHistory
State Street Utilities Select Sector SPDR ETF81369Y886ETF6,378$556.2K0.2%+1,585+33.1%Added–
State Street Energy Select Sector SPDR ETF81369Y506ETF5,275$471.3K0.2%+375+7.7%Added–
FEFirstenergy CorpCOM9,485$434.6K0.2%00.0%UnchangedHistory
MRKMerck & Co., Inc.Stock4,671$392.0K0.1%00.0%UnchangedHistory
PEPPepsiCo IncStock2,640$370.8K0.1%00.0%UnchangedHistory
INTCIntel CorpStock10,600$355.6K0.1%+10,600NewHistory
NINisource Inc.COM8,000$346.4K0.1%00.0%UnchangedHistory
METAMeta Platforms, Inc.Stock468$343.7K0.1%+468NewHistory
CMCSAComcast CorpStock10,913$342.9K0.1%+1,317+13.7%AddedHistory
HDHome Depot, Inc.Stock838$339.5K0.1%+199+31.1%AddedHistory
GEVGE Vernova Inc.Stock517$317.9K0.1%00.0%UnchangedHistory
PMPhilip Morris International Inc.Stock1,900$308.2K0.1%00.0%UnchangedHistory
SPDR Series Trust78468R101ST SHO TREAS ETF9,900$290.3K0.1%00.0%Unchanged–
AXPAmerican Express CoStock870$289.0K0.1%00.0%UnchangedHistory
Vanguard Morningstar Growth ETF922908736ETF600$287.8K0.1%00.0%Unchanged–
IBMInternational Business Machines CorpStock950$268.1K0.1%00.0%UnchangedHistory
JNJJohnson & JohnsonStock1,440$267.0K0.1%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR941$262.8K0.1%+941NewHistory
CIENCiena CorpCOM NEW1,731$252.2K0.1%+1,731NewHistory
NEENextera Energy IncStock3,052$230.4K0.1%+3,052NewHistory
GILDGilead Sciences, Inc.Stock1,960$217.6K0.1%00.0%UnchangedHistory
KEYKeycorpCOM11,500$214.9K0.1%00.0%UnchangedHistory
MDYSPDR S&P Midcap 400 ETF TrustETF360$214.6K0.1%00.0%UnchangedHistory
WMWaste Management IncStock950$209.8K0.1%00.0%UnchangedHistory
PYPDPolyPid Ltd.COM38,200$127.4K<0.1%00.0%UnchangedHistory
ADAPYAdaptimmune Therapeutics PLCSPONDS ADR114,264$14.9K<0.1%+114,264NewHistory

Sold out since Q2 2025 (2)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Lumbard & Kellner, LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
State Street SPDR S&P Biotech ETF78464A870ETF55,089$4.57M2.0%–
PLUSEplus IncCOM24,970$1.80M0.8%History