Lumbard & Kellner, LLC

CIK

1602476

Location

HOLLIS, NH

Portfolio Value

Micro $1,640,365

Diversification

Diversified

Filing Date

Global Rank

#4,493 / 8,586 ▲ 95

Top Industry

Aerospace & Defense 12.4%

3Y Alpha vs SPY

+11.4%

Period ended 3 months ago

Filed May 15, 2026 · 32d

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

+133.0%

SPY

+78.1%

Annualised alpha

+11.4%

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

3 positions · $1,640,365 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PM	Philip Morris International Inc. Consumer Defensive	Held	1,900	0	$314,146	+3.1%	19.15%
PEP	Pepsico Inc Consumer Defensive	Held	2,640	0	$409,965	+8.2%	24.99%
UTI	Universal Technical Institute Inc Consumer Defensive	Added	25,381	+1,160	$916,254	+44.8%	55.86%