Latest Lumbard & Kellner, LLC Stock Portfolio

Lumbard & Kellner, LLC Performance:

2025 Q3: 15.51%YTD: 25.92%2024: 9.83%

Performance for 2025 Q3 is 15.51%, and YTD is 25.92%, and 2024 is 9.83%.

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

In it's latest 13F Holdings report, Lumbard & Kellner, LLC reported an equity portfolio of $271.9 Millions as of 30 Sep, 2025.

The top stock holdings of Lumbard & Kellner, LLC are BIL, GOOG, BIL. The fund has invested 5.9% of it's portfolio in SPDR BLOOMBERG 1-3 MONTH T-BILL ETF and 4.3% of portfolio in ALPHABET INC CAP STK CL C.

The fund managers got completely rid off SPDR S&P BIOTECH ETF (BIL) and EPLUS INC COM (PLUS) stocks. They significantly reduced their stock positions in ORACLE CORP COM (ORCL), BLOOM ENERGY CORP COM CL A (BE) and VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF (VIGI). Lumbard & Kellner, LLC opened new stock positions in HARROW INC COM (HROW), ETON PHARMACEUTICALS INC COM (ETON) and FRANKLIN FTSE INDIA ETF (BUYZ). The fund showed a lot of confidence in some stocks as they added substantially to SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF (BIL), SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF (CWI) and SPDR GOLD SHARES (GLD).

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

Our best estimate is that Lumbard & Kellner, LLC made a return of 15.51% in the last quarter. In trailing 12 months, it's portfolio return was 29.12%.

New Buys

Ticker	$ Bought
harrow inc com	4,281,030
eton pharmaceuticals inc com	3,831,000
franklin ftse india etf	3,729,750
franklin ftse south korea etf	2,660,890
vaneck gold miners etf	816,258
intel corp com	355,630
meta platforms inc cl a	343,690
taiwan semiconductor mfg ltd sponsored ads	262,812

New stocks bought by Lumbard & Kellner, LLC

Additions

Ticker	% Inc.
spdr portfolio s&p 1500 composite stock market etf	379
spdr portfolio developed world ex-us etf	208
spdr gold shares	132
spdr s&p regional banking etf	131
first solar inc com	68.77
ishares core s&p 500 etf	60.07
spdr bloomberg 1-3 month t-bill etf	44.44
berkshire hathaway inc del cl b new	33.57

Additions to existing portfolio by Lumbard & Kellner, LLC

Reductions

Ticker	% Reduced
oracle corp com	-87.83
bloom energy corp com cl a	-84.12
vanguard international high dividend yield etf	-29.41
schwab short-term us treasury etf	-7.8
global x 1-3 month t-bill etf	-5.23
five9 inc com	-4.99
ge aerospace com new	-4.89
invesco s&p 500 equal weight etf	-3.63

Lumbard & Kellner, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
spdr s&p biotech etf	-4,568,530
eplus inc com	-1,800,340

Lumbard & Kellner, LLC got rid off the above stocks

Sector Distribution

Lumbard & Kellner, LLC has about 39.7% of it's holdings in Others sector.

Sector	%
Others	39.7
Technology	16.1
Industrials	14.9
Financial Services	8.5
Communication Services	4.5
Healthcare	4.3
Basic Materials	3.8
Energy	2.9
Consumer Cyclical	2.4
Utilities	1.7

Market Cap. Distribution

Lumbard & Kellner, LLC has about 40.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	39.7
LARGE-CAP	26.1
MEGA-CAP	14.6
MID-CAP	12
SMALL-CAP	6.3
MICRO-CAP	1.4

Stocks belong to which Index?

About 53.6% of the stocks held by Lumbard & Kellner, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	46.4
S&P 500	37.8
RUSSELL 2000	15.8

Top 5 Winners (%)		%
BE	bloom energy corp com cl a	253.6 %
KTOS	kratos defense & sec solutions com new	96.7 %
PRIM	primoris svcs corp com	76.2 %
AMSC	american superconductor corp shs new	61.9 %
MTRN	materion corp com	52.2 %

Top 5 Winners ($)		$
BE	bloom energy corp com cl a	12.8 M
KTOS	kratos defense & sec solutions com new	4.8 M
GOOG	alphabet inc cap stk cl c	3.1 M
PRIM	primoris svcs corp com	2.4 M
MTRN	materion corp com	2.2 M

Top 5 Losers (%)		%
PM	philip morris intl inc com	-10.9 %
HON	honeywell intl inc com	-9.6 %
FIVN	five9 inc com	-8.6 %
IBM	international business machs com	-4.3 %
KMI	kinder morgan inc del com	-3.6 %

Top 5 Losers ($)		$
KMI	kinder morgan inc del com	-0.3 M
FIVN	five9 inc com	-0.2 M
CSCO	cisco sys inc com	-0.1 M
PRU	prudential finl inc com	-0.1 M
HON	honeywell intl inc com	-0.1 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 97 stocks in it's portfolio. About 36.1% of the portfolio is in top 10 stocks. KMI proved to be the most loss making stock for the portfolio. BE was the most profitable stock for Lumbard & Kellner, LLC last quarter.

Last Reported on: 12 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc com	1.16	12,401	3,157,670	added	16.41

ACWV	ishares msci mexico etf	0.23	9,326	636,126	unchanged	0.00

ADAP	adaptimmune therapeutics plc sponds ads	0.00	114,264	14,854	new

AFK	vaneck gold miners etf	0.30	10,684	816,258	new

AMAT	applied matls inc com	0.41	5,400	1,105,600	unchanged	0.00

AMD	advanced micro devices inc com	1.92	32,306	5,226,790	unchanged	0.00

AMPS	ishares msci indonesia etf	1.29	199,152	3,495,120	unchanged	0.00

AMSC	american superconductor corp shs new	1.58	72,439	4,302,150	unchanged	0.00

AMZN	amazon com inc com	2.30	28,415	6,239,080	added	0.16

AXP	american express co com	0.11	870	288,979	unchanged	0.00

BBAX	jpmorgan betabuilders canada etf	0.23	7,091	618,548	unchanged	0.00

BE	bloom energy corp com cl a	1.04	33,467	2,830,300	reduced	-84.12

BIL	spdr bloomberg 1-3 month t-bill etf	5.87	173,886	15,954,000	added	44.44

BIL	spdr portfolio s&p 400 mid cap etf	3.79	180,153	10,303,000	added	0.24

BIL	spdr portfolio s&p 1500 composite stock market etf	0.42	14,330	1,155,720	added	379

BIL	spdr s&p regional banking etf	0.28	11,840	749,472	added	131

BIL	spdr portfolio short term treasury etf	0.11	9,900	290,268	unchanged	0.00

BIL	spdr s&p biotech etf	0.00	0.00	0.00	sold off	-100

BITS	global x 1-3 month t-bill etf	0.88	23,937	2,403,780	reduced	-5.23

BOB	freedom 100 emerging markets etf	2.52	154,442	6,843,320	added	0.09