Lumbard & Kellner, LLC
Sector Allocation
- Other29.2%$96.3M
- Technology21.7%$71.5M
- Financials12.8%$42.3M
- Industrials9.6%$31.7M
- Healthcare7.9%$26.2M
- Energy7.7%$25.4M
- Materials5.8%$19.0M
- Consumer Discretionary2.9%$9.5M
- Utilities1.4%$4.6M
- Real Estate0.7%$2.4M
AUM History
13fpro.ai/research/fund/lumbard-and-kellner-llc-1602476
Conviction and streaks
Stable · top 10 = 37.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GOOG
$18.3MMTRN
$15.3MHBM
$12.3MGS
$12.2M- STATE$11.8M
PBR
$11.5M- FREEDOM$11.2M
IVZ
$11.0MENS
$10.3M- STATE$9.9M
MET
$9.1MFSLR
$8.6M- VANGUARD$8.0M
AMZN
$7.9MKMI
$7.9MCSCO
$6.6M- FRANKLIN$6.4M
ETON
$6.4M- FRANKLIN$5.8M
LMT
$5.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/lumbard-and-kellner-llc-1602476
Lumbard & Kellner, LLC 13F holdings — Q2 2026
$329.9M portfolio (+14.3% QoQ) · 108 holdings · Q2 2026 13F · top 10 are 38% of the stock portfolio
$18.3M
5.6% of stocks
+6%This quarter-11.9%Since filed10+ qtrsHeld$15.3M
4.7% of stocks
-0.0%This quarter-18.6%Since filed5 qtrsHeld$12.3M
3.7% of stocks
+0.1%This quarter-15.8%Since filed10+ qtrsHeld$12.2M
3.7% of stocks
+1%This quarter-13.5%Since filed10+ qtrsHeld- 5
STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF - ETF
$11.8M
3.6% of stocks
+0.9%This quarter—Since filed—HeldAIQuality—Est. buy— $11.5M
3.5% of stocks
+0.4%This quarter+21.5%Since filed10+ qtrsHeld- 7
FREEDOM 100 EMERGING MARKETS ETF - ETF
$11.2M
3.4% of stocks
+0.1%This quarter—Since filed—HeldAIQuality—Est. buy— $11.0M
3.3% of stocks
+0.4%This quarter-10.0%Since filed10+ qtrsHeld$10.3M
3.1% of stocks
-0.3%This quarter-9.6%Since filed5 qtrsHeld- 10
STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF - ETF
$9.9M
3.0% of stocks
-18%This quarter—Since filed—HeldAIQuality—Est. buy—
All holdings — Lumbard & Kellner, LLC (Q2 2026)
108 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | METLIFE INC | Financials | $9.1M | 2.8% | 107K | +0.5% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | FIRST SOLAR, INC. | Technology | $8.6M | 2.6% | 37K | +0.7% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF - ETFetf/fund | — | $8.0M | 2.4% | 81K | +1% | — | — | 13F |
| 14 | AMAZON COM INC | Consumer Discretionary | $7.9M | 2.4% | 33K | +2% | 9 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | KINDER MORGAN, INC. | Energy | $7.9M | 2.4% | 247K | +0.6% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | CISCO SYSTEMS, INC. | Technology | $6.6M | 2.0% | 56K | -47% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | — | FRANKLIN FTSE SOUTH KOREA ETF - ETFetf/fund | — | $6.4M | 1.9% | 97K | +0.0% | — | — | 13F |
| 18 | Eton Pharmaceuticals, Inc. | Healthcare | $6.4M | 1.9% | 176K | -0.0% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | FRANKLIN FTSE BRAZIL ETF - ETFetf/fund | — | $5.8M | 1.8% | 271K | +0.0% | — | — | 13F |
| 20 | LOCKHEED MARTIN CORP | Industrials | $5.6M | 1.7% | 11K | +2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | Industrials | $5.3M | 1.6% | 107K | +2% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | SBC Medical Group Holdings Inc | Healthcare | $5.3M | 1.6% | 1.73M | +9899% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | — | STATE STREET FINANCIAL SELECT SECTOR SPDR ETF - ETFetf/fund | — | $5.3M | 1.6% | 99K | +0.3% | — | — | 13F |
| 24 | Primoris Services Corp | Energy | $4.6M | 1.4% | 47K | +13% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | NORTHROP GRUMMAN CORP /DE/ | Technology | $4.5M | 1.4% | 8,880 | +0.2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | STATE STREET SPDR S&P REGIONAL BANKING ETF - ETF | — | $4.1M | 1.3% | 55K | +0.6% | |||
| 27 | — | VANGUARD TOTAL STOCK MARKET ETF - ETF | — | $4.1M | 1.2% | 11K | +0.7% | |||
| 28 | $MSFT | MICROSOFT CORP | Technology | $4.0M | 1.2% | 11K | +4% | |||
| 29 | — | FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND - ETF | — | $3.9M | 1.2% | 58K | +0.3% | |||
| 30 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $3.9M | 1.2% | 5,350 | — | |||
| 31 | $HROW | HARROW, INC. | Healthcare | $3.8M | 1.2% | 90K | +2% | |||
| 32 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $3.7M | 1.1% | 5 | — | |||
| 33 | $EMN | EASTMAN CHEMICAL CO | Materials | $3.6M | 1.1% | 54K | New | |||
| 34 | — | FRANKLIN FTSE INDIA ETF - ETF | — | $3.6M | 1.1% | 102K | +0.2% | |||
| 35 | — | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND - ETF | — | $3.6M | 1.1% | 43K | +1% | |||
| 36 | $AAPL | Apple Inc. | Technology | $3.4M | 1.0% | 12K | +3% | |||
| 37 | $RNW | ReNew Energy Global plc | Utilities | $3.2M | 1.0% | 518K | New | |||
| 38 | $BE | Bloom Energy Corp | Technology | $3.2M | 1.0% | 11K | -14% | |||
| 39 | $AMSC | AMERICAN SUPERCONDUCTOR CORP /DE/ | Technology | $3.1M | 0.9% | 74K | +0.6% | |||
| 40 | $LLY | ELI LILLY & Co | Healthcare | $3.1M | 0.9% | 2,545 | +1.0% | |||
| 41 | $ASIX | AdvanSix Inc. | Materials | $2.9M | 0.9% | 146K | +0.4% | |||
| 42 | $ALKS | Alkermes plc. | Healthcare | $2.8M | 0.8% | 53K | -0.0% | |||
| 43 | $DNLI | Denali Therapeutics Inc. | Healthcare | $2.5M | 0.8% | 98K | +4% | |||
| 44 | — | ISHARES MSCI INDONESIA ETF - ETF | — | $2.3M | 0.7% | 207K | +0.7% | |||
| 45 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $2.2M | 0.7% | 4,419 | +3% | |||
| 46 | $SPY | SPDR S&P 500 ETF TRUST | — | $2.2M | 0.7% | 2,932 | — | |||
| 47 | — | GLOBAL X 1-3 MONTH T-BILL ETF - ETF | — | $1.8M | 0.6% | 18K | -10% | |||
| 48 | $INTC | INTEL CORP | Technology | $1.5M | 0.5% | 11K | — | |||
| 49 | $JPM | JPMORGAN CHASE & CO | Financials | $1.4M | 0.4% | 4,387 | +4% | |||
| 50 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $1.4M | 0.4% | 1,865 | — | |||
| 51 | $STNG | Scorpio Tankers Inc. | Industrials | $1.3M | 0.4% | 19K | — | |||
| 52 | — | STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF - ETF | — | $1.3M | 0.4% | 14K | -0.0% | |||
| 53 | $WELL | WELLTOWER INC. | Real Estate | $1.2M | 0.4% | 5,496 | — | |||
| 54 | — | STATE STREET ENERGY SELECT SECTOR SPDR ETF - ETF | — | $1.2M | 0.4% | 22K | +101% | |||
| 55 | $JOE | ST JOE Co | Real Estate | $1.2M | 0.3% | 19K | +2% | |||
| 56 | $GLD | SPDR GOLD TRUST | Financials | $1.1M | 0.3% | 3,062 | +4% | |||
| 57 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $1.1M | 0.3% | 7,826 | — | |||
| 58 | — | VANGUARD VALUE ETF - ETF | — | $1.1M | 0.3% | 4,893 | — | |||
| 59 | $UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Consumer Discretionary | $1.0M | 0.3% | 24K | -4% | |||
| 60 | — | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF - ETF | — | $979K | 0.3% | 5,140 | — | |||
| 61 | — | STATE STREET SPDR S&P BIOTECH ETF - ETF | — | $977K | 0.3% | 6,174 | New | |||
| 62 | $DOV | DOVER Corp | Industrials | $928K | 0.3% | 5,914 | — | |||
| 63 | — | ISHARES MSCI MEXICO ETF - ETF | — | $893K | 0.3% | 12K | +1% | |||
| 64 | — | STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF - ETF | — | $876K | 0.3% | 17K | — | |||
| 65 | — | JPMORGAN BETABUILDERS CANADA ETF - ETF | — | $846K | 0.3% | 8,508 | +1% | |||
| 66 | — | VANECK GOLD MINERS ETF - ETF | — | $806K | 0.2% | 11K | — | |||
| 67 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $801K | 0.2% | 1,928 | -9% | |||
| 68 | — | ISHARES CORE S&P 500 ETF - ETF | — | $764K | 0.2% | 1,020 | — | |||
| 69 | $GE | GENERAL ELECTRIC CO | Industrials | $732K | 0.2% | 1,958 | -1% | |||
| 70 | $PHYS | Sprott Physical Gold Trust | Financials | $731K | 0.2% | 24K | +2% | |||
| 71 | $RTX | RTX Corp | Industrials | $728K | 0.2% | 3,836 | +3% | |||
| 72 | $GEV | GE Vernova Inc. | Industrials | $671K | 0.2% | 571 | +10% | |||
| 73 | $MRK | Merck & Co., Inc. | Healthcare | $600K | 0.2% | 4,671 | — | |||
| 74 | — | STATE STREET UTILITIES SELECT SECTOR SPDR ETF - ETF | — | $596K | 0.2% | 13K | +0.3% | |||
| 75 | $ORCL | ORACLE CORP | Technology | $562K | 0.2% | 3,835 | +2% | |||
| 76 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $555K | 0.2% | 956 | New | |||
| 77 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $513K | 0.2% | 1,075 | +14% | |||
| 78 | $FE | FIRSTENERGY CORP | Utilities | $451K | 0.1% | 9,485 | — | |||
| 79 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $400K | 0.1% | 1,787 | -47% | |||
| 80 | $HONA | Honeywell Aerospace Inc. | Industrials | $395K | 0.1% | 1,787 | New | |||
| 81 | $NI | NISOURCE INC. | Utilities | $380K | 0.1% | 8,000 | — | |||
| 82 | $JNJ | JOHNSON & JOHNSON | Healthcare | $366K | 0.1% | 1,440 | — | |||
| 83 | $PEP | PEPSICO INC | Consumer Staples | $357K | 0.1% | 2,640 | — | |||
| 84 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $349K | 0.1% | 989 | +18% | |||
| 85 | $PM | Philip Morris International Inc. | Consumer Staples | $344K | 0.1% | 1,900 | — | |||
| 86 | $GILD | GILEAD SCIENCES, INC. | Healthcare | $333K | 0.1% | 2,636 | +34% | |||
| 87 | $META | Meta Platforms, Inc. | Technology | $330K | 0.1% | 586 | +25% | |||
| 88 | $ADBE | ADOBE INC. | Technology | $324K | 0.1% | 1,581 | -4% | |||
| 89 | — | VANGUARD GROWTH ETF - ETF | — | $310K | 0.1% | 3,600 | +500% | |||
| 90 | $NVDA | NVIDIA CORP | Technology | $308K | 0.1% | 1,539 | New | |||
| 91 | $CIEN | CIENA CORP | Technology | $297K | 0.1% | 605 | -51% | |||
| 92 | $AXP | AMERICAN EXPRESS CO | Financials | $294K | 0.1% | 870 | — | |||
| 93 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $285K | 0.1% | 7,750 | +41% | |||
| 94 | $CCZ | COMCAST CORP | Communication Services | $281K | 0.1% | 11K | +5% | |||
| 95 | $AVGO | Broadcom Inc. | Technology | $280K | 0.1% | 740 | New | |||
| 96 | $NEE | NEXTERA ENERGY INC | Utilities | $268K | 0.1% | 3,052 | — | |||
| 97 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $267K | 0.1% | 950 | — | |||
| 98 | $KEY | KEYCORP /NEW/ | Financials | $265K | 0.1% | 12K | — | |||
| 99 | $MDY | SPDR S&P MIDCAP 400 ETF TRUST | — | $253K | 0.1% | 360 | — | |||
| 100 | $DOV | DOVER Corp | Industrials | $243K | 0.1% | 1,085 | — | |||
| 101 | $WM | WASTE MANAGEMENT INC | Utilities | $238K | 0.1% | 1,067 | +12% | |||
| 102 | $V | VISA INC. | Financials | $227K | 0.1% | 662 | New | |||
| 103 | $FCX | FREEPORT-MCMORAN INC | Materials | $216K | 0.1% | 3,438 | New | |||
| 104 | $APH | AMPHENOL CORP /DE/ | Technology | $212K | 0.1% | 1,200 | -40% | |||
| 105 | $FTNT | Fortinet, Inc. | Technology | $208K | 0.1% | 1,355 | New | |||
| 106 | $GM | General Motors Co | Consumer Discretionary | $204K | 0.1% | 2,650 | New | |||
| 107 | $STX | Seagate Technology Holdings plc | Technology | $203K | 0.1% | 210 | New | |||
| 108 | $PYPD | PolyPid Ltd. | Healthcare | $194K | 0.1% | 38K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 12 new, 53 added to, 16 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.
New positions (12)
$EMNEASTMAN CHEMICAL CO$3.6M
first bought this quarter
$RNWReNew Energy Global plc$3.2M
first bought this quarter
- STATE STREET SPDR S&P BIOTECH ETF - ETF$977K
first bought this quarter
$AMDADVANCED MICRO DEVICES INC$555K
first bought this quarter
$HONAHoneywell Aerospace Inc.$395K
first bought this quarter
$NVDANVIDIA CORP$308K
first bought this quarter
+6 more in the Excel export
Added to (53)
$SBCSBC Medical Group Holdings Inc+9899%
now $5.3M · held 2 qtrs, 2 adds in a row
now $18.3M · held 10+ qtrs, 2 adds in a row
- STATE STREET ENERGY SELECT SECTOR SPDR ETF - ETF+101%
now $1.2M
$PRIMPrimoris Services Corp+13%
now $4.6M · held 6 qtrs
- VANGUARD GROWTH ETF - ETF+500%
now $310K
now $7.9M · held 9 qtrs, 2 adds in a row
+47 more in the Excel export
Trimmed (16)
now $6.6M · held 10+ qtrs
- STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF - ETF-18%
now $9.9M
$BEBloom Energy Corp-14%
now $3.2M · held 9 qtrs, 5 trims in a row
$HONHONEYWELL INTERNATIONAL INC-47%
now $400K · held 10+ qtrs
$CIENCIENA CORP-51%
now $297K · held 4 qtrs
- GLOBAL X 1-3 MONTH T-BILL ETF - ETF-10%
now $1.8M
+10 more in the Excel export
Holdings by quarter
Every 13F Lumbard & Kellner, LLC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Lumbard & Kellner?
Q2 2026 13F filed with the SEC on Aug 6, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Lumbard & Kellner's top 20 holdings: 66/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-9.9%
Value-weighted move of the 10 largest stock positions
Turnover
5%
Last quarter; 27% over the last 4
Top 10 weight
38%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
90%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Lumbard & Kellner, LLC disclosed 108 positions worth $329.9M in its Form 13F-HR for Q2 2026, led by $GOOG (Alphabet Inc.) at 5.6% of the equity portfolio, followed by $MTRN and $HBM. During the quarter the fund opened 12 new positions and exited 3 — including a new stake in $EMN and a full exit from $JBL. The portfolio is most concentrated in Other (29.2% of disclosed assets). All figures are sourced directly from Lumbard & Kellner, LLC’s Form 13F-HR filing with the SEC under CIK 1602476.
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