Lumbard & Kellner, LLC

CIK

1602476

Location

HOLLIS, NH

Portfolio Value

Small $175,596,852

Diversification

Diversified

Filing Date

Global Rank

#4,159 / 8,232 ▲ 200

Top Industry

Aerospace & Defense 12.4%

3Y Alpha vs SPY

+11.9%

Period ended 2 months ago

Filed May 15, 2026 · 29d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+133.9%

SPY

+76.5%

Annualised alpha

+11.9%

Max drawdown

−24.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

69 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 positions · $175,596,852 total · 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	Exxon Mobil 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%