Lumbard & Kellner, LLC

CIK

1602476

Location

HOLLIS, NH

Portfolio Value

Small $175,596,852

Diversification

Diversified

Filing Date

Global Rank

#4,500 / 8,623 ▲ 90 · as of Mar 2026

Top Industry

Aerospace & Defense 12.4%

3Y Alpha vs SPY

+9.5%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+101.9%

SPY

+65.3%

Annualised alpha

+8.2%

Max drawdown

−24.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

69 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.4%

+2.5 pts

Top 5

29.7%

+3.3 pts

Top 10

50.9%

+4.4 pts

HHI

373

Diversified+48

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	23.2%	$40,802,953	14
Technology	18.1%	$31,811,163	13
Energy	14.7%	$25,865,200	5
Basic Materials	12.7%	$22,305,893	4
Financial Services	12.7%	$22,291,299	7
Healthcare	8.8%	$15,386,146	10
Consumer Cyclical	4.0%	$7,070,834	2
Unclassified	2.5%	$4,475,915	4
Real Estate	1.3%	$2,228,757	2
Consumer Defensive	0.9%	$1,640,365	3
Utilities	0.6%	$1,137,259	3
Communication Services	0.3%	$581,068	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	+4,420	32,627	$6,795,225
AMSC	American Superconductor Corp /De/	+2,508	73,669	$2,493,695
UTI	Universal Technical Institute Inc	+1,160	25,381	$916,254
ETON	Eton Pharmaceuticals, Inc.	+967	175,911	$4,341,483
KTOS	Kratos Defense & Security Solutions, Inc.	+835	105,348	$7,428,087
ASIX	AdvanSix Inc.	+566	145,694	$3,554,933
MET	Metlife Inc	+263	106,923	$7,561,594
HROW	Harrow, Inc.	+247	88,559	$3,122,590
KMI	Kinder Morgan, Inc.	+213	245,511	$8,231,983
PRIM	Primoris Services Corp	+178	41,500	$5,936,160
BRK-B	Berkshire Hathaway Inc	+144	4,295	$2,058,164
JBL	Jabil Inc	+111	19,339	$5,137,018
JOE	ST JOE Co	+96	18,187	$1,142,143
CSCO	Cisco Systems, Inc.	+82	105,952	$8,220,815
GLD	Spdr Gold Trust	+64	2,953	$1,270,646
NOC	Northrop Grumman Corp /De/	+47	8,860	$6,044,646
MTRN	MATERION Corp	+46	51,581	$7,461,191
ENS	EnerSys	+45	44,177	$7,674,428
PHYS	Sprott Physical Gold Trust	+29	23,860	$845,598
FSLR	First Solar, Inc.	+24	36,260	$7,152,647
LMT	Lockheed Martin Corp	+23	10,815	$6,536,477
ADBE	Adobe Inc.	+18	1,645	$399,866
GS	Goldman Sachs Group Inc	+13	11,923	$10,086,738
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
GPRE	Green Plains Inc.	−432,518	26,412	$434,477
BE	Bloom Energy Corp	−5,300	12,379	$1,677,230
ORCL	Oracle Corp	−53	3,775	$555,340
HBM	Hudbay Minerals Inc.	−44	519,392	$10,855,292
PBR	Petrobras - Petroleo Brasileiro SA	−25	707,340	$14,677,305
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
ALKS	Alkermes plc.	52,593	$1,859,688
DNLI	Denali Therapeutics Inc.	94,782	$1,819,814
APH	Amphenol Corp /De/	2,000	$252,700
EPD	Enterprise Products Partners L.P.	5,500	$208,120
SBC	SBC Medical Group Holdings Inc	17,273	$72,201
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	22,578	$4,835,304
SNOW	Snowflake Inc.	17,288	$3,792,295
PATH	UiPath, Inc.	224,337	$3,676,883
PRU	Prudential Financial Inc	25,674	$2,898,081
GM	General Motors Co	2,650	$215,498
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

69 tracked positions · $175,596,852 total · filing declares 99 positions · $288,563,607 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 69 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PBR	Petrobras - Petroleo Brasileiro SA Energy	Reduced	707,340	-25	$14,677,305	+75.1%	8.36%
HBM	Hudbay Minerals Inc. Basic Materials	Reduced	519,392	-44	$10,855,292	+5.3%	6.18%
GS	Goldman Sachs Group Inc Financial Services	Added	11,923	+13	$10,086,738	−3.7%	5.74%
KMI	Kinder Morgan, Inc. Energy	Added	245,511	+213	$8,231,983	+22.1%	4.69%
CSCO	Cisco Systems, Inc. Technology	Added	105,952	+82	$8,220,815	+0.8%	4.68%
ENS	EnerSys Industrials	Added	44,177	+45	$7,674,428	+18.5%	4.37%
MET	Metlife Inc Financial Services	Added	106,923	+263	$7,561,594	−10.2%	4.31%
MTRN	MATERION Corp Basic Materials	Added	51,581	+46	$7,461,191	+16.5%	4.25%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	Added	105,348	+835	$7,428,087	−6.4%	4.23%
FSLR	First Solar, Inc. Technology	Added	36,260	+24	$7,152,647	−24.4%	4.07%
AMZN	Amazon Com Inc Consumer Cyclical	Added	32,627	+4,420	$6,795,225	+4.4%	3.87%
LMT	Lockheed Martin Corp Industrials	Added	10,815	+23	$6,536,477	+25.2%	3.72%
NOC	Northrop Grumman Corp /De/ Industrials	Added	8,860	+47	$6,044,646	+20.3%	3.44%
PRIM	Primoris Services Corp Industrials	Added	41,500	+178	$5,936,160	+15.7%	3.38%
JBL	Jabil Inc Technology	Added	19,339	+111	$5,137,018	+17.2%	2.93%
ETON	Eton Pharmaceuticals, Inc. Healthcare	Added	175,911	+967	$4,341,483	+46.8%	2.47%
MSFT	Microsoft Corp Technology	Held	10,451	0	$3,868,646	−23.5%	2.20%
ASIX	AdvanSix Inc. Basic Materials	Added	145,694	+566	$3,554,933	+41.6%	2.02%
HROW	Harrow, Inc. Healthcare	Added	88,559	+247	$3,122,590	−27.8%	1.78%
AAPL	Apple Inc. Technology	Held	11,409	0	$2,895,490	−6.6%	1.65%
AMSC	American Superconductor Corp /De/ Industrials	Added	73,669	+2,508	$2,493,695	+21.8%	1.42%
LLY	ELI LILLY & Co Healthcare	Held	2,520	0	$2,317,820	−14.4%	1.32%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	4,295	+144	$2,058,164	−1.4%	1.17%
SPY	Spdr S&P 500 ETF Trust	Held	2,932	0	$1,906,796	−4.6%	1.09%
ALKS	Alkermes plc. Healthcare	NEW	52,593	NEW	$1,859,688	NEW	1.06%
AMAT	Applied Materials Inc /De Technology	Held	5,350	0	$1,828,576	+33.0%	1.04%
DNLI	Denali Therapeutics Inc. Healthcare	NEW	94,782	NEW	$1,819,814	NEW	1.04%
BE	Bloom Energy Corp Industrials	Reduced	12,379	-5,300	$1,677,230	+9.2%	0.96%
STNG	Scorpio Tankers Inc. Energy	Held	19,020	0	$1,420,033	+46.9%	0.81%
XOM	ExxonMobil Holdings Corp Energy	Held	7,826	0	$1,327,759	+41.0%	0.76%
GLD	Spdr Gold Trust	Added	2,953	+64	$1,270,646	+11.0%	0.72%
JPM	Jpmorgan Chase & Co Financial Services	Held	4,234	0	$1,245,473	−8.7%	0.71%
JOE	ST JOE Co Real Estate	Added	18,187	+96	$1,142,143	+6.3%	0.65%
WELL	Welltower Inc. Real Estate	Held	5,496	0	$1,086,614	+6.5%	0.62%
QQQ	Invesco Qqq Trust, Series 1	Held	1,865	0	$1,076,440	−6.0%	0.61%
UTI	Universal Technical Institute Inc Consumer Defensive	Added	25,381	+1,160	$916,254	+44.8%	0.52%
PHYS	Sprott Physical Gold Trust Financial Services	Added	23,860	+29	$845,598	+7.5%	0.48%
HON	Honeywell International Inc Industrials	Held	3,368	0	$761,269	+15.9%	0.43%
RTX	RTX Corp Industrials	Held	3,734	0	$720,288	+5.2%	0.41%
UNH	Unitedhealth Group Inc Healthcare	Held	2,108	0	$570,403	−18.0%	0.32%
GE	General Electric Co Industrials	Held	1,983	0	$562,715	−7.9%	0.32%
MRK	Merck & Co., Inc. Healthcare	Held	4,671	0	$561,874	+14.3%	0.32%
ORCL	Oracle Corp Technology	Reduced	3,775	-53	$555,340	−25.6%	0.32%
CIEN	Ciena Corp Technology	Held	1,245	0	$483,346	+66.0%	0.28%
FE	Firstenergy Corp Utilities	Held	9,485	0	$480,510	+13.2%	0.27%
INTC	Intel Corp Technology	Held	10,615	0	$468,439	+19.6%	0.27%
GEV	GE Vernova Inc. Industrials	Held	517	0	$451,289	+33.6%	0.26%
GPRE	Green Plains Inc. Basic Materials	Reduced	26,412	-432,518	$434,477	−90.3%	0.25%
PEP	Pepsico Inc Consumer Defensive	Held	2,640	0	$409,965	+8.2%	0.23%
ADBE	Adobe Inc. Technology	Added	1,645	+18	$399,866	−29.8%	0.23%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.