Q3 2025 · 13F-HR
Lumbard & Kellner, LLCholdings as filed
Filed 2025-11-12 · accession 0001602476-25-000005
$271.9M
Reported value
97
Positions
2025-09-30
Period end
The Brief · Lumbard & Kellner, LLC · Q3 2025
AI · grounded in 13F
Lumbard & Kellner, LLC closed its position in XBI, reducing exposure by $4.57M. The fund established new positions in HROW for $4.28M, ETON for $3.83M, and FLIN for $3.73M. Additionally, the fund increased its holdings in FSLR by 68.77% and BIL by 44.44%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78468R663 | BIL | SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | $16.0M | 5.87% | 173,886 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC CAP STK CL C | $11.8M | 4.35% | 48,594 | Common | SOLE |
| 78464A847 | SPMD | SPDR PORTFOLIO S&P 400 MID CAP ETF | $10.3M | 3.79% | 180,153 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC COM | $9.7M | 3.57% | 12,191 | Common | SOLE |
| 50077B207 | KTOS | KRATOS DEFENSE & SEC SOLUTIONS COM NEW | $9.7M | 3.56% | 105,828 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC COM | $9.4M | 3.45% | 42,553 | Common | SOLE |
| 59156R108 | MET | METLIFE INC COM | $8.8M | 3.25% | 107,380 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC COM | $8.1M | 2.98% | 533,632 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC COM | $7.4M | 2.71% | 107,617 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL COM | $7.0M | 2.59% | 248,389 | Common | SOLE |
| 02072L607 | FRDM | FREEDOM 100 EMERGING MARKETS ETF | $6.8M | 2.52% | 154,442 | Common | SOLE |
| 921946794 | VYMI | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | $6.8M | 2.50% | 80,146 | Common | SOLE |
| 71654V408 | PBR | PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | $6.4M | 2.36% | 507,838 | Common | SOLE |
| 576690101 | MTRN | MATERION CORP COM | $6.3M | 2.32% | 52,290 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC COM | $6.2M | 2.29% | 28,415 | Common | SOLE |
| 74164F103 | PRIM | PRIMORIS SVCS CORP COM | $5.7M | 2.08% | 41,148 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP COM | $5.4M | 1.99% | 10,451 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP COM | $5.4M | 1.99% | 10,837 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP COM | $5.4M | 1.99% | 8,870 | Common | SOLE |
| 46137V357 | RSP | INVESCO S&P 500 EQUAL WEIGHT ETF | $5.3M | 1.96% | 28,031 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC COM | $5.2M | 1.92% | 32,306 | Common | SOLE |
| 29275Y102 | ENS | ENERSYS COM | $5.0M | 1.85% | 44,526 | Common | SOLE |
| 35473P835 | FLBR | FRANKLIN FTSE BRAZIL ETF | $5.0M | 1.84% | 261,948 | Common | SOLE |
| 030111207 | AMSC | AMERICAN SUPERCONDUCTOR CORP SHS NEW | $4.3M | 1.58% | 72,439 | Common | SOLE |
| 415858109 | HROW | HARROW INC COM | $4.3M | 1.57% | 88,855 | Common | SOLE |
| 466313103 | JBL | JABIL INC COM | $4.2M | 1.55% | 19,426 | Common | SOLE |
| 393222104 | GPRE | GREEN PLAINS INC COM | $4.1M | 1.52% | 470,168 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC COM SHS | $3.9M | 1.45% | 17,440 | Common | SOLE |
| 29772L108 | ETON | ETON PHARMACEUTICALS INC COM | $3.8M | 1.41% | 176,300 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL CL A | $3.8M | 1.39% | 5 | Common | SOLE |
| 35473P769 | FLIN | FRANKLIN FTSE INDIA ETF | $3.7M | 1.37% | 100,020 | Common | SOLE |
| 922908769 | VTI | VANGUARD TOTAL STOCK MARKET ETF | $3.6M | 1.33% | 11,020 | Common | SOLE |
| 46429B309 | EIDO | ISHARES MSCI INDONESIA ETF | $3.5M | 1.29% | 199,152 | Common | SOLE |
| 33736Q104 | QABA | FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND | $3.2M | 1.19% | 57,755 | Common | SOLE |
| 037833100 | AAPL | APPLE INC COM | $3.2M | 1.16% | 12,401 | Common | SOLE |
| 922042775 | VEU | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | $3.0M | 1.09% | 41,610 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP COM CL A | $2.8M | 1.04% | 33,467 | Common | SOLE |
| 744320102 | PRU | PRUDENTIAL FINL INC COM | $2.7M | 0.99% | 25,996 | Common | SOLE |
| 35473P710 | FLKR | FRANKLIN FTSE SOUTH KOREA ETF | $2.7M | 0.98% | 98,588 | Common | SOLE |
| 37960A438 | CLIP | GLOBAL X 1-3 MONTH T-BILL ETF | $2.4M | 0.88% | 23,937 | Common | SOLE |
| 338307101 | FIVN | FIVE9 INC COM | $2.1M | 0.78% | 88,046 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL CL B NEW | $2.0M | 0.75% | 4,062 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TRUST | $2.0M | 0.72% | 2,932 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO COM | $1.9M | 0.71% | 2,520 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. COM | $1.3M | 0.49% | 4,184 | Common | SOLE |
| 78464A805 | SPTM | SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF | $1.2M | 0.43% | 14,330 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TRUST SERIES I | $1.1M | 0.41% | 1,865 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC COM | $1.1M | 0.41% | 5,400 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP COM | $1.1M | 0.40% | 3,840 | Common | SOLE |
| Y7542C130 | STNG | SCORPIO TANKERS INC SHS | $1.1M | 0.39% | 19,020 | Common | SOLE |
| 808524862 | SCHO | SCHWAB SHORT-TERM US TREASURY ETF | $1.0M | 0.39% | 42,987 | Common | SOLE |
| 46436E718 | SGOV | ISHARES 0-3 MONTH TREASURY BOND ETF | $1.0M | 0.39% | 10,416 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD SHARES | $1.0M | 0.38% | 2,880 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC COM | $979,057 | 0.36% | 5,496 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP COM | $963,787 | 0.35% | 8,548 | Common | SOLE |
| 922908744 | VTV | VANGUARD VALUE ETF | $912,496 | 0.34% | 4,893 | Common | SOLE |
| 790148100 | JOE | ST JOE CO COM | $840,467 | 0.31% | 16,986 | Common | SOLE |
| 92189F106 | GDX | VANECK GOLD MINERS ETF | $816,258 | 0.30% | 10,684 | Common | SOLE |
| 922042742 | VT | VANGUARD TOTAL WORLD STOCK ETF | $814,949 | 0.30% | 5,914 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC COM | $808,054 | 0.30% | 24,825 | Common | SOLE |
| 78464A698 | KRE | SPDR S&P REGIONAL BANKING ETF | $749,472 | 0.28% | 11,840 | Common | SOLE |
| 78463X889 | SPDW | SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | $743,733 | 0.27% | 17,381 | Common | SOLE |
| 81369Y803 | XLK | TECHNOLOGY SELECT SECTOR SPDR FUND | $732,554 | 0.27% | 2,599 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC COM | $724,439 | 0.27% | 2,098 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC COM | $708,964 | 0.26% | 3,368 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | $705,874 | 0.26% | 23,831 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE S&P 500 ETF | $649,221 | 0.24% | 970 | Common | SOLE |
| 464286822 | EWW | ISHARES MSCI MEXICO ETF | $636,126 | 0.23% | 9,326 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION COM | $624,810 | 0.23% | 3,734 | Common | SOLE |
| 46641Q225 | BBCA | JPMORGAN BETABUILDERS CANADA ETF | $618,548 | 0.23% | 7,091 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE COM NEW | $596,526 | 0.22% | 1,983 | Common | SOLE |
| 81369Y886 | XLU | UTILITIES SELECT SECTOR SPDR FUND | $556,225 | 0.20% | 6,378 | Common | SOLE |
| 81369Y506 | XLE | ENERGY SELECT SECTOR SPDR FUND | $471,269 | 0.17% | 5,275 | Common | SOLE |
| 337932107 | FE | FIRSTENERGY CORP COM | $434,603 | 0.16% | 9,485 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC COM | $392,037 | 0.14% | 4,671 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC COM | $370,762 | 0.14% | 2,640 | Common | SOLE |
| 458140100 | INTC | INTEL CORP COM | $355,630 | 0.13% | 10,600 | Common | SOLE |
| 65473P105 | NI | NISOURCE INC COM | $346,400 | 0.13% | 8,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC CL A | $343,690 | 0.13% | 468 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW CL A | $342,886 | 0.13% | 10,913 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC COM | $339,549 | 0.12% | 838 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC COM | $317,903 | 0.12% | 517 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC COM | $308,180 | 0.11% | 1,900 | Common | SOLE |
| 78468R101 | SPTS | SPDR PORTFOLIO SHORT TERM TREASURY ETF | $290,268 | 0.11% | 9,900 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO COM | $288,979 | 0.11% | 870 | Common | SOLE |
| 922908736 | VUG | VANGUARD GROWTH ETF | $287,766 | 0.11% | 600 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS COM | $268,052 | 0.10% | 950 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON COM | $267,005 | 0.10% | 1,440 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | $262,812 | 0.10% | 941 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP COM NEW | $252,155 | 0.09% | 1,731 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC COM | $230,395 | 0.08% | 3,052 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC COM | $217,560 | 0.08% | 1,960 | Common | SOLE |
| 493267108 | KEY | KEYCORP COM | $214,935 | 0.08% | 11,500 | Common | SOLE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TRUST | $214,571 | 0.08% | 360 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL COM | $209,789 | 0.08% | 950 | Common | SOLE |
| M8001Q126 | PYPD | POLYPID LTD COM | $127,397 | 0.05% | 38,200 | Common | SOLE |
| 00653A107 | ADAPY | ADAPTIMMUNE THERAPEUTICS PLC SPONDS ADS | $14,854 | 0.01% | 114,264 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.