Latest Lumbard & Kellner, LLC Stock Portfolio

Lumbard & Kellner, LLC Performance:

2025 Q4: 3.46%YTD: 23.32%2024: 9.74%

Performance for 2025 Q4 is 3.46%, and YTD is 23.32%, and 2024 is 9.74%.

About Lumbard & Kellner, LLC and 13F Hedge Fund Stock Holdings

On 2026-02-03, the fund reported it's updated stock portfolio. In the 13F Holdings report, Lumbard & Kellner, LLC reported an equity portfolio of $285.5 Millions as of 31 Dec, 2025.

The top stock holdings of Lumbard & Kellner, LLC are GOOG, BIL, GS. The fund has invested 5.3% of it's portfolio in ALPHABET INC CAP STK CL C and 4.9% of portfolio in STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF.

The fund managers got completely rid off FIVE9 INC COM (FIVN) and ADAPTIMMUNE THERAPEUTICS PLC SPONDS ADS (ADAP) stocks. They significantly reduced their stock positions in BLOOM ENERGY CORP COM CL A (BE), ADVANCED MICRO DEVICES INC COM (AMD) and CIENA CORP COM NEW (CIEN). Lumbard & Kellner, LLC opened new stock positions in UIPATH INC CL A (PATH), ADVANSIX INC COM (ASIX) and ADOBE INC COM (ADBE). The fund showed a lot of confidence in some stocks as they added substantially to STATE STREET ENERGY SELECT SECTOR SPDR ETF (XLB), INVESCO S&P 500 EQUAL WEIGHT ETF (CSD) and PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR (PBR).

Lumbard & Kellner, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Lumbard & Kellner, LLC made a return of 3.46% in the last quarter. In trailing 12 months, it's portfolio return was 23.32%.

Performance
S&P 500

New Buys

Ticker	$ Bought
uipath inc cl a	3,676,880
advansix inc com	2,510,710
adobe inc com	569,434
general mtrs co com	215,498
dover corp com	211,835

New stocks bought by Lumbard & Kellner, LLC

Additions

Ticker	% Inc.
state street energy select sector spdr etf	105
state street utilities select sector spdr etf	104
state street technology select sector spdr etf	97.77
invesco s&p 500 equal weight etf	81.05
petroleo brasileiro sa petrobr sponsored adr	39.29
ishares msci mexico etf	22.55
jpmorgan betabuilders canada etf	17.4
st joe co com	6.51

Additions to existing portfolio by Lumbard & Kellner, LLC

Reductions

Ticker	% Reduced
bloom energy corp com cl a	-47.17
advanced micro devices inc com	-30.11
ciena corp com new	-28.08
ishares 0-3 month treasury bond etf	-19.16
schwab short-term us treasury etf	-18.66
first solar inc com	-14.85
state street spdr bloomberg 1-3 month t-bill etf	-11.51
exxon mobil corp com	-8.45

Lumbard & Kellner, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
adaptimmune therapeutics plc sponds ads	-14,854
five9 inc com	-2,130,710

Lumbard & Kellner, LLC got rid off the above stocks

Sector Distribution

Lumbard & Kellner, LLC has about 40.8% of it's holdings in Others sector.

Sector	%
Others	40.8
Technology	16.2
Industrials	12.5
Financial Services	8.3
Communication Services	5.4
Basic Materials	4.7
Healthcare	4.1
Energy	2.7
Consumer Cyclical	2.5
Utilities	1.7

Market Cap. Distribution

Lumbard & Kellner, LLC has about 40.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	40.8
LARGE-CAP	25.3
MEGA-CAP	15.2
MID-CAP	11.4
SMALL-CAP	6.2

Stocks belong to which Index?

About 53.3% of the stocks held by Lumbard & Kellner, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	46.7
S&P 500	37.8
RUSSELL 2000	15.5

Top 5 Winners (%)		%
CIEN	ciena corp com new	52.0 %
LLY	eli lilly & co com	40.9 %
	hudbay minerals inc com	30.5 %
	polypid ltd com	30.1 %
ENS	enersys com	29.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc cap stk cl c	3.4 M
	hudbay minerals inc com	2.5 M
FSLR	first solar inc com	1.6 M
ENS	enersys com	1.5 M
AMD	advanced micro devices inc com	1.4 M

Top 5 Losers (%)		%
AMSC	american superconductor corp shs new	-51.1 %
XLB	state street utilities select sector spdr etf	-43.7 %
XLB	state street energy select sector spdr etf	-42.6 %
XLB	state street technology select sector spdr etf	-41.9 %
ORCL	oracle corp com	-30.6 %

Top 5 Losers ($)		$
AMSC	american superconductor corp shs new	-2.2 M
KTOS	kratos defense & sec solutions com new	-1.6 M
ETON	eton pharmaceuticals inc com	-0.8 M
PRIM	primoris svcs corp com	-0.5 M
XLB	state street technology select sector spdr etf	-0.5 M

Lumbard & Kellner, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Lumbard & Kellner, LLC

Lumbard & Kellner, LLC has 100 stocks in it's portfolio. About 36.4% of the portfolio is in top 10 stocks. AMSC proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Lumbard & Kellner, LLC last quarter.

Last Reported on: 03 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc com	1.09	11,409	3,101,650	reduced	-8.00

ACWV	ishares msci mexico etf	0.28	11,429	792,373	added	22.55

ADAP	adaptimmune therapeutics plc sponds ads	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc com	0.20	1,627	569,434	new

AFK	vaneck gold miners etf	0.32	10,684	916,367	unchanged	0.00

AMAT	applied matls inc com	0.48	5,350	1,374,900	reduced	-0.93

AMD	advanced micro devices inc com	1.69	22,578	4,835,300	reduced	-30.11

AMPS	ishares msci indonesia etf	1.31	200,651	3,752,170	added	0.75

AMSC	american superconductor corp shs new	0.72	71,161	2,048,010	reduced	-1.76

AMZN	amazon com inc com	2.28	28,207	6,510,740	reduced	-0.73

ASIX	advansix inc com	0.88	145,128	2,510,710	new

AXP	american express co com	0.11	870	321,857	unchanged	0.00

BBAX	jpmorgan betabuilders canada etf	0.27	8,325	774,225	added	17.4

BE	bloom energy corp com cl a	0.54	17,679	1,536,130	reduced	-47.17

BIL	state street spdr bloomberg 1-3 month t-bill etf	4.92	153,870	14,060,600	reduced	-11.51

BIL	state street spdr portfolio s&p 400 mid cap etf	3.45	170,262	9,859,870	reduced	-5.49

BIL	state street spdr portfolio s&p 1500 composite stock market etf	0.41	14,330	1,182,220	unchanged	0.00

BIL	state street spdr s&p regional banking etf	0.27	11,897	771,045	added	0.48

BIL	state street spdr portfolio short term treasury etf	0.10	9,900	289,872	unchanged	0.00

BITS	global x 1-3 month t-bill etf	0.81	23,060	2,308,580	reduced	-3.66