Lumbard & Kellner, LLC
CIK 1602476 · View on SEC EDGAR ↗
- Portfolio value
- $329.9M
- Positions
- 108
- As of
- June 30, 2026
#4,898 of 9,443 by 13F value · top 51.9%
Portfolio value QoQ: +14.3% 13F does not disclose cash
- Top 10 holdings weight
- 37.54%
- Top 25 holdings weight
- 67.07%
- Positions above 1%
- 36
- Effective number of positions
- 43.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.67% Est. buys $21,915,796 · sells $17,518,268
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 81.2% still held
- New positions
- 14
- Increased
- 53
- Decreased
- 15
- Closed
- 5
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Industrials
12.0%
Materials
10.4%
Healthcare
7.9%
Technology
7.5%
Energy
6.4%
Communication Services
5.7%
Financial Services
3.9%
Financials
3.3%
Retail
2.5%
Communications
2.1%
Utilities
1.3%
Real Estate
0.7%
Diversified Consumer Services
0.3%
Consumer Staples
0.2%
Consumer Discretionary
0.1%
Other/Unmapped
35.7%
Full portfolio 108 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GOOG Alphabet Inc. - Class C Capital Stock | $18,340,300 | 5.56% | 51,907 | $4,340,098 | Up ×2 | ||
| MTRN Materion Corporation | $15,339,079 | 4.65% | 51,579 | $7,877,887 | Down ×1 | ||
| HBM Hudbay Minerals Inc. Ordinary Shares (Canada) | $12,273,446 | 3.72% | 519,841 | $1,418,153 | Up ×1 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $12,185,997 | 3.69% | 12,049 | $2,099,258 | Up ×2 | ||
| SPMD | $11,767,736 | 3.57% | 174,182 | $1,547,075 | Up ×2 | ||
| PBR Petroleo Brasileiro S.A. Petrobras ADS | $11,475,184 | 3.48% | 710,098 | $-3,202,121 | Up ×1 | ||
| FRDM | $11,200,064 | 3.40% | 153,636 | $2,810,906 | Up ×2 | ||
| RSP | $11,023,614 | 3.34% | 51,810 | $1,124,188 | Up ×3 | ||
| ENS EnerSys Common Stock | $10,293,692 | 3.12% | 44,024 | $2,619,264 | Down ×1 | ||
| BIL | $9,930,660 | 3.01% | 108,366 | $-2,195,695 | Down ×3 | ||
| MET MetLife, Inc. Common Stock | $9,090,752 | 2.76% | 107,443 | $1,529,157 | Up ×2 | ||
| FSLR First Solar, Inc. - Common Stock | $8,613,956 | 2.61% | 36,506 | $1,461,308 | Up ×2 | ||
| VYMI Vanguard International High Dividend Yield ETF | $7,963,627 | 2.41% | 81,096 | $400,490 | Up ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $7,947,447 | 2.41% | 33,345 | $1,152,222 | Up ×2 | ||
| KMI Kinder Morgan, Inc. Common Stock | $7,897,805 | 2.39% | 247,038 | $-334,179 | Up ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $6,614,290 | 2.01% | 56,311 | $-1,606,526 | Down ×1 | ||
| FLKR | $6,392,777 | 1.94% | 96,743 | $2,536,790 | Up ×2 | ||
| ETON Eton Pharmaceuticals, Inc. - Common Stock | $6,367,906 | 1.93% | 175,909 | $2,026,423 | Down ×1 | ||
| FLBR | $5,795,773 | 1.76% | 270,704 | $-668,813 | Up ×2 | ||
| LMT Lockheed Martin Corporation Common Stock | $5,597,437 | 1.70% | 10,987 | $-939,041 | Up ×2 | ||
| KTOS Kratos Defense & Security Solutions, Inc. - Common Stock | $5,335,369 | 1.62% | 107,007 | $-2,092,718 | Up ×2 | ||
| SBC SBC Medical Group Holdings Incorporated - Common Stock | $5,319,801 | 1.61% | 1,727,208 | $5,247,600 | Up ×1 | ||
| XLF XLF | $5,306,425 | 1.61% | 98,982 | $434,396 | Up ×1 | ||
| PRIM Primoris Services Corporation Common Stock | $4,648,431 | 1.41% | 46,897 | $-1,287,729 | Up ×3 | ||
| NOC Northrop Grumman Corporation Common Stock | $4,522,673 | 1.37% | 8,880 | $-1,521,973 | Up ×2 | ||
| KRE | $4,118,022 | 1.25% | 55,017 | $553,405 | Up ×4 | ||
| VTI | $4,106,704 | 1.24% | 11,098 | $571,378 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $4,046,148 | 1.23% | 10,847 | $177,501 | Up ×1 | ||
| QABA First Trust NASDAQ ABA Community Bank Index Fund | $3,890,068 | 1.18% | 57,811 | $534,445 | Up ×2 | ||
| AMAT Applied Materials, Inc. - Common Stock | $3,868,050 | 1.17% | 5,350 | $2,039,473 | |||
| HROW Harrow, Inc. - Common Stock | $3,835,975 | 1.16% | 90,322 | $713,385 | Up ×2 | ||
| BRKA | $3,744,250 | 1.14% | 5 | $153,550 | |||
| EMN Eastman Chemical Company Common Stock | $3,630,852 | 1.10% | 54,208 | Up ×1 | |||
| FLIN | $3,622,271 | 1.10% | 101,835 | $245,990 | Up ×3 | ||
| VEU | $3,591,954 | 1.09% | 42,889 | $415,074 | Up ×4 | ||
| AAPL Apple Inc. - Common Stock | $3,395,640 | 1.03% | 11,735 | $500,150 | Up ×1 | ||
| RNW ReNew Energy Global plc - Class A Shares | $3,239,331 | 0.98% | 518,293 | Up ×1 | |||
| BE Bloom Energy Corporation Class A Common Stock | $3,204,382 | 0.97% | 10,586 | $1,527,151 | Down ×5 | ||
| AMSC American Superconductor Corporation - Common Stock | $3,077,510 | 0.93% | 74,139 | $583,814 | Up ×2 | ||
| LLY Eli Lilly and Company Common Stock | $3,052,549 | 0.93% | 2,545 | $734,729 | Up ×1 | ||
| ASIX AdvanSix Inc. Common Stock | $2,906,695 | 0.88% | 146,212 | $-648,239 | Up ×2 | ||
| ALKS Alkermes plc - Ordinary Shares | $2,755,557 | 0.84% | 52,592 | $895,869 | Down ×1 | ||
| DNLI Denali Therapeutics Inc. - Common Stock | $2,527,813 | 0.77% | 98,282 | $707,999 | Up ×1 | ||
| EIDO | $2,345,309 | 0.71% | 207,366 | $-907,036 | Up ×3 | ||
| BRKB | $2,211,223 | 0.67% | 4,419 | $153,059 | Up ×4 | ||
| SPY SPY | $2,189,530 | 0.66% | 2,932 | $282,733 | |||
| CLIP | $1,811,975 | 0.55% | 18,058 | $-209,093 | Down ×4 | ||
| INTC Intel Corporation - Common Stock | $1,482,172 | 0.45% | 10,615 | $1,013,732 | |||
| JPM JP Morgan Chase & Co. Common Stock | $1,435,997 | 0.44% | 4,387 | $190,524 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $1,373,386 | 0.42% | 1,865 | $296,945 | |||
| STNG Scorpio Tankers Inc. Common Shares | $1,317,325 | 0.40% | 19,020 | $-102,708 | |||
| SPTM | $1,300,839 | 0.39% | 14,328 | $167,909 | Down ×1 | ||
| WELL Welltower Inc. Common Stock | $1,247,427 | 0.38% | 5,496 | $160,813 | |||
| XLE XLE | $1,187,752 | 0.36% | 22,364 | $507,153 | Up ×4 | ||
| JOE St. Joe Company (The) Common Stock | $1,163,164 | 0.35% | 18,572 | $21,020 | Up ×6 | ||
| GLD | $1,127,980 | 0.34% | 3,062 | $-142,666 | Up ×4 | ||
| Unknown issuer (CUSIP: 30233Q108) | $1,069,971 | 0.32% | 7,826 | Up ×1 | |||
| VTV | $1,066,331 | 0.32% | 4,893 | $106,324 | |||
| UTI Universal Technical Institute Inc Common Stock | $1,044,486 | 0.32% | 24,421 | $128,232 | Down ×1 | ||
| XLK XLK | $979,273 | 0.30% | 5,140 | $296,167 | |||
| XBI XBI | $977,036 | 0.30% | 6,174 | ||||
| VT | $928,202 | 0.28% | 5,914 | $110,178 | |||
| EWW | $892,627 | 0.27% | 11,859 | $9,427 | Up ×3 | ||
| SPDW | $875,829 | 0.27% | 17,381 | $82,386 | |||
| BBCA | $845,695 | 0.26% | 8,508 | $54,744 | Up ×3 | ||
| GDX GDX | $806,108 | 0.24% | 10,684 | $-174,363 | |||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $801,335 | 0.24% | 1,928 | $230,931 | Down ×1 | ||
| IVV | $763,868 | 0.23% | 1,020 | $97,594 | |||
| GE GE Aerospace Common Stock | $731,763 | 0.22% | 1,958 | $169,047 | Down ×1 | ||
| PHYS | $731,291 | 0.22% | 24,239 | $-114,307 | Up ×2 | ||
| RTX RTX Corporation Common Stock | $727,804 | 0.22% | 3,836 | $7,515 | Up ×1 | ||
| GEV GE Vernova Inc. Common Stock | $670,845 | 0.20% | 571 | $219,556 | Up ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $600,224 | 0.18% | 4,671 | $38,349 | |||
| XLU XLU | $596,312 | 0.18% | 13,152 | $-5,214 | Up ×4 | ||
| ORCL Oracle Corporation Common Stock | $562,019 | 0.17% | 3,835 | $6,679 | Up ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $555,350 | 0.17% | 956 | ||||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $513,388 | 0.16% | 1,075 | $195,377 | Up ×1 | ||
| FE FirstEnergy Corp. Common Stock | $450,917 | 0.14% | 9,485 | $-29,593 | |||
| Unknown issuer (CUSIP: 438516205) | $400,221 | 0.12% | 1,787 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $395,181 | 0.12% | 1,787 | Up ×1 | |||
| NI NiSource Inc Common Stock | $380,400 | 0.12% | 8,000 | $7,120 | |||
| JNJ Johnson & Johnson Common Stock | $365,717 | 0.11% | 1,440 | $13,723 | |||
| PEP PepsiCo, Inc. - Common Stock | $357,456 | 0.11% | 2,640 | $-52,510 | |||
| HD Home Depot, Inc. (The) Common Stock | $348,801 | 0.11% | 989 | $73,191 | Up ×1 | ||
| PM Philip Morris International Inc Common Stock | $343,729 | 0.10% | 1,900 | $29,583 | |||
| GILD Gilead Sciences, Inc. - Common Stock | $333,032 | 0.10% | 2,636 | $59,867 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $330,088 | 0.10% | 586 | $62,331 | Up ×1 | ||
| ADBE Adobe Inc. - Common Stock | $324,137 | 0.10% | 1,581 | $-75,730 | Down ×1 | ||
| VUG | $310,104 | 0.09% | 3,600 | $48,030 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $307,939 | 0.09% | 1,539 | Up ×1 | |||
| CIEN Ciena Corporation Common Stock | $296,789 | 0.09% | 605 | $-186,557 | Down ×1 | ||
| AXP American Express Company Common Stock | $294,278 | 0.09% | 870 | $31,120 | |||
| EPD Enterprise Products Partners L.P. Common Stock | $284,890 | 0.09% | 7,750 | $76,770 | Up ×1 | ||
| CMCSA Comcast Corporation - Class A Common Stock | $280,631 | 0.09% | 11,431 | $-32,681 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $279,535 | 0.08% | 740 | Up ×1 | |||
| NEE NextEra Energy, Inc. Common Stock | $267,874 | 0.08% | 3,052 | $-15,596 | |||
| IBM International Business Machines Corporation Common Stock | $267,150 | 0.08% | 950 | $36,879 | |||
| KEY KeyCorp Common Stock | $265,075 | 0.08% | 11,500 | $34,500 | |||
| MDY | $253,202 | 0.08% | 360 | $31,168 | |||
| DOV Dover Corporation Common Stock | $243,344 | 0.07% | 1,085 | $17,176 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| RSP | $11,023,614 | 3.34% | up ×3 |
| PRIM | $4,648,431 | 1.41% | up ×3 |
| KRE | $4,118,022 | 1.25% | up ×4 |
| FLIN | $3,622,271 | 1.10% | up ×3 |
| VEU | $3,591,954 | 1.09% | up ×4 |
| EIDO | $2,345,309 | 0.71% | up ×3 |
| BRKB | $2,211,223 | 0.67% | up ×4 |
| XLE | $1,187,752 | 0.36% | up ×4 |
| JOE | $1,163,164 | 0.35% | up ×6 |
| GLD | $1,127,980 | 0.34% | up ×4 |
| EWW | $892,627 | 0.27% | up ×3 |
| BBCA | $845,695 | 0.26% | up ×3 |
| XLU | $596,312 | 0.18% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| EMN | $3,630,852 | 54,208 | 1.10% |
| RNW | $3,239,331 | 518,293 | 0.98% |
| Unknown issuer (CUSIP: 30233Q108) | $1,069,971 | 7,826 | 0.32% |
| XBI | $977,036 | 6,174 | 0.30% |
| AMD | $555,350 | 956 | 0.17% |
| Unknown issuer (CUSIP: 438516205) | $400,221 | 1,787 | 0.12% |
| Unknown issuer (CUSIP: 43849R105) | $395,181 | 1,787 | 0.12% |
| NVDA | $307,939 | 1,539 | 0.09% |
| AVGO | $279,535 | 740 | 0.08% |
| V | $227,126 | 662 | 0.07% |
| FCX | $216,216 | 3,438 | 0.07% |
| FTNT | $208,155 | 1,355 | 0.06% |
| GM | $204,262 | 2,650 | 0.06% |
| STX | $202,650 | 210 | 0.06% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MTRN | Trimmed | -2 | +$7.9M |
| GOOG | Bought more | +3K | +$4.3M |
| PBR | Bought more | +3K | -$3.2M |
| FRDM | Bought more | +129 | +$2.8M |
| ENS | Trimmed | -153 | +$2.6M |
| FLKR | Bought more | +29 | +$2.5M |
| BIL | Trimmed | -24K | -$2.2M |
| GS | Bought more | +126 | +$2.1M |
| KTOS | Bought more | +2K | -$2.1M |
| AMAT | Price move only | +0 | +$2.0M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ALTM | March 31, 2025 | 2,293,805 | $11,767,220 | No longer tracked |
| SO | March 31, 2025 | 63,035 | $5,189,041 | 0.8% |
| JBL | June 30, 2026 | 19,339 | $5,137,019 | -15.4% |
| FLKR | June 30, 2025 | 277,038 | $5,080,877 | No longer tracked |
| AMD | March 31, 2026 | 22,578 | $4,835,304 | 128.2% |
| XBI | Sept. 30, 2025 | 55,089 | $4,568,531 | No longer tracked |
| NFE | March 31, 2025 | 261,700 | $3,956,904 | -96.5% |
| SNOW | March 31, 2026 | 17,288 | $3,792,296 | 111.8% |
| PATH | March 31, 2026 | 224,337 | $3,676,883 | 41.0% |
| CIEN | June 30, 2025 | 58,904 | $3,559,569 | 387.2% |
| DV | June 30, 2025 | 247,150 | $3,304,396 | -11.0% |
| VAL | June 30, 2025 | 75,242 | $2,954,001 | 106.9% |
| PRU | March 31, 2026 | 25,674 | $2,898,081 | 27.1% |
| PFE | June 30, 2025 | 108,528 | $2,750,100 | 16.6% |
| PPL | March 31, 2025 | 82,614 | $2,681,650 | -0.8% |
| OI | March 31, 2025 | 221,049 | $2,396,171 | -43.7% |
| WWW | June 30, 2025 | 166,772 | $2,319,799 | 12.6% |
| FIVN | Dec. 31, 2025 | 88,046 | $2,130,713 | 63.5% |
| PLUS | Sept. 30, 2025 | 24,970 | $1,800,337 | 21.4% |
| SDRL | June 30, 2025 | 63,452 | $1,586,300 | 75.7% |
| XOM | June 30, 2026 | 7,826 | $1,327,759 | 22.8% |
| SGOV | March 31, 2026 | 8,420 | $845,200 | -0.1% |
| HON | June 30, 2026 | 3,368 | $761,269 | 0.8% |
| GM | March 31, 2025 | 9,550 | $508,729 | 81.9% |
| SCHO | June 30, 2026 | 18,530 | $449,738 | No longer tracked |
| GPRE | June 30, 2026 | 26,412 | $434,477 | 5.6% |
| PG | March 31, 2025 | 2,504 | $419,796 | -14.3% |
| SPTS | March 31, 2026 | 9,900 | $289,872 | No longer tracked |
| GM | March 31, 2026 | 2,650 | $215,498 | 14.8% |
| MDY | March 31, 2025 | 360 | $205,049 | No longer tracked |
| DOV | March 31, 2025 | 1,085 | $203,546 | 16.0% |
| EPD | June 30, 2025 | 5,500 | $187,770 | 23.9% |
| DXJ | June 30, 2025 | 1,234 | $135,962 | No longer tracked |
| ADAPY | Dec. 31, 2025 | 114,264 | $14,854 | No longer tracked |