Q4 2025 · 13F-HR
Lumbard & Kellner, LLCholdings as filed
Filed 2026-02-03 · accession 0001602476-26-000001
$285.5M
Reported value
100
Positions
2025-12-31
Period end
The Brief · Lumbard & Kellner, LLC · Q4 2025
AI · grounded in 13F
Lumbard & Kellner, LLC established a new position in PATH valued at $3.68M. The fund also opened a new stake in ASIX for $2.51M and increased its holding of RSP by 81.05%. On the sell side, the fund closed its entire position in FIVN, resulting in a $2.13M reduction.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K107 | GOOG | ALPHABET INC CAP STK CL C | $15.1M | 5.31% | 48,276 | Common | SOLE |
| 78468R663 | BIL | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | $14.1M | 4.92% | 153,870 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC COM | $10.5M | 3.67% | 11,910 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC COM | $10.3M | 3.61% | 519,436 | Common | SOLE |
| 78464A847 | SPMD | STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF | $9.9M | 3.45% | 170,262 | Common | SOLE |
| 46137V357 | RSP | INVESCO S&P 500 EQUAL WEIGHT ETF | $9.7M | 3.40% | 50,749 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC COM | $9.5M | 3.32% | 36,236 | Common | SOLE |
| 59156R108 | MET | METLIFE INC COM | $8.4M | 2.95% | 106,660 | Common | SOLE |
| 71654V408 | PBR | PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | $8.4M | 2.94% | 707,365 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC COM | $8.2M | 2.86% | 105,870 | Common | SOLE |
| 50077B207 | KTOS | KRATOS DEFENSE & SEC SOLUTIONS COM NEW | $7.9M | 2.78% | 104,513 | Common | SOLE |
| 02072L607 | FRDM | FREEDOM 100 EMERGING MARKETS ETF | $7.8M | 2.75% | 152,982 | Common | SOLE |
| 921946794 | VYMI | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | $7.1M | 2.49% | 79,084 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL COM | $6.7M | 2.36% | 245,298 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC COM | $6.5M | 2.28% | 28,207 | Common | SOLE |
| 29275Y102 | ENS | ENERSYS COM | $6.5M | 2.27% | 44,132 | Common | SOLE |
| 576690101 | MTRN | MATERION CORP COM | $6.4M | 2.24% | 51,535 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP COM | $5.2M | 1.83% | 10,792 | Common | SOLE |
| 74164F103 | PRIM | PRIMORIS SVCS CORP COM | $5.1M | 1.80% | 41,322 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP COM | $5.1M | 1.77% | 10,451 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP COM | $5.0M | 1.76% | 8,813 | Common | SOLE |
| 35473P835 | FLBR | FRANKLIN FTSE BRAZIL ETF | $4.9M | 1.73% | 258,770 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC COM | $4.8M | 1.69% | 22,578 | Common | SOLE |
| 393222104 | GPRE | GREEN PLAINS INC COM | $4.5M | 1.58% | 458,930 | Common | SOLE |
| 466313103 | JBL | JABIL INC COM | $4.4M | 1.54% | 19,228 | Common | SOLE |
| 415858109 | HROW | HARROW INC COM | $4.3M | 1.52% | 88,312 | Common | SOLE |
| 35473P769 | FLIN | FRANKLIN FTSE INDIA ETF | $3.9M | 1.36% | 100,969 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC COM SHS | $3.8M | 1.33% | 17,288 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL CL A | $3.8M | 1.32% | 5 | Common | SOLE |
| 46429B309 | EIDO | ISHARES MSCI INDONESIA ETF | $3.8M | 1.31% | 200,651 | Common | SOLE |
| 922908769 | VTI | VANGUARD TOTAL STOCK MARKET ETF | $3.7M | 1.29% | 11,020 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC CL A | $3.7M | 1.29% | 224,337 | Common | SOLE |
| 33736Q104 | QABA | FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND | $3.2M | 1.14% | 57,243 | Common | SOLE |
| 037833100 | AAPL | APPLE INC COM | $3.1M | 1.09% | 11,409 | Common | SOLE |
| 35473P710 | FLKR | FRANKLIN FTSE SOUTH KOREA ETF | $3.1M | 1.08% | 96,548 | Common | SOLE |
| 922042775 | VEU | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | $3.1M | 1.07% | 41,659 | Common | SOLE |
| 29772L108 | ETON | ETON PHARMACEUTICALS INC COM | $3.0M | 1.04% | 174,944 | Common | SOLE |
| 744320102 | PRU | PRUDENTIAL FINL INC COM | $2.9M | 1.01% | 25,674 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO COM | $2.7M | 0.95% | 2,520 | Common | SOLE |
| 00773T101 | ASIX | ADVANSIX INC COM | $2.5M | 0.88% | 145,128 | Common | SOLE |
| 37960A438 | CLIP | GLOBAL X 1-3 MONTH T-BILL ETF | $2.3M | 0.81% | 23,060 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL CL B NEW | $2.1M | 0.73% | 4,151 | Common | SOLE |
| 030111207 | AMSC | AMERICAN SUPERCONDUCTOR CORP SHS NEW | $2.0M | 0.72% | 71,161 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TRUST | $2.0M | 0.70% | 2,932 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP COM CL A | $1.5M | 0.54% | 17,679 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC COM | $1.4M | 0.48% | 5,350 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. COM | $1.4M | 0.48% | 4,234 | Common | SOLE |
| 78464A805 | SPTM | STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF | $1.2M | 0.41% | 14,330 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TRUST SERIES I | $1.1M | 0.40% | 1,865 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD SHARES | $1.1M | 0.40% | 2,889 | Common | SOLE |
| 790148100 | JOE | ST JOE CO COM | $1.1M | 0.38% | 18,091 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC COM | $1.0M | 0.36% | 5,496 | Common | SOLE |
| Y7542C130 | STNG | SCORPIO TANKERS INC SHS | $966,787 | 0.34% | 19,020 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP COM | $941,781 | 0.33% | 7,826 | Common | SOLE |
| 922908744 | VTV | VANGUARD VALUE ETF | $934,514 | 0.33% | 4,893 | Common | SOLE |
| 92189F106 | GDX | VANECK GOLD MINERS ETF | $916,367 | 0.32% | 10,684 | Common | SOLE |
| 808524862 | SCHO | SCHWAB SHORT-TERM US TREASURY ETF | $852,094 | 0.30% | 34,964 | Common | SOLE |
| 46436E718 | SGOV | ISHARES 0-3 MONTH TREASURY BOND ETF | $845,200 | 0.30% | 8,420 | Common | SOLE |
| 922042742 | VT | VANGUARD TOTAL WORLD STOCK ETF | $834,229 | 0.29% | 5,914 | Common | SOLE |
| 464286822 | EWW | ISHARES MSCI MEXICO ETF | $792,373 | 0.28% | 11,429 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | $786,900 | 0.28% | 23,831 | Common | SOLE |
| 46641Q225 | BBCA | JPMORGAN BETABUILDERS CANADA ETF | $774,225 | 0.27% | 8,325 | Common | SOLE |
| 78463X889 | SPDW | SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | $771,890 | 0.27% | 17,381 | Common | SOLE |
| 78464A698 | KRE | STATE STREET SPDR S&P REGIONAL BANKING ETF | $771,045 | 0.27% | 11,897 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP COM | $746,115 | 0.26% | 3,828 | Common | SOLE |
| 81369Y803 | XLK | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | $740,006 | 0.26% | 5,140 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE S&P 500 ETF | $698,639 | 0.24% | 1,020 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC COM | $695,872 | 0.24% | 2,108 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION COM | $684,816 | 0.24% | 3,734 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC COM | $657,063 | 0.23% | 3,368 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC COM | $632,895 | 0.22% | 24,221 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE COM NEW | $610,823 | 0.21% | 1,983 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC COM | $569,434 | 0.20% | 1,627 | Common | SOLE |
| 81369Y886 | XLU | STATE STREET UTILITIES SELECT SECTOR SPDR ETF | $556,421 | 0.19% | 13,034 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC COM | $491,669 | 0.17% | 4,671 | Common | SOLE |
| 81369Y506 | XLE | STATE STREET ENERGY SELECT SECTOR SPDR ETF | $485,461 | 0.17% | 10,858 | Common | SOLE |
| 337932107 | FE | FIRSTENERGY CORP COM | $424,643 | 0.15% | 9,485 | Common | SOLE |
| 458140100 | INTC | INTEL CORP COM | $391,694 | 0.14% | 10,615 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC COM | $378,893 | 0.13% | 2,640 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC COM | $337,896 | 0.12% | 517 | Common | SOLE |
| 65473P105 | NI | NISOURCE INC COM | $334,080 | 0.12% | 8,000 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW CL A | $326,190 | 0.11% | 10,913 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO COM | $321,857 | 0.11% | 870 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC CL A | $308,922 | 0.11% | 468 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC COM | $304,760 | 0.11% | 1,900 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON COM | $298,008 | 0.10% | 1,440 | Common | SOLE |
| 922908736 | VUG | VANGUARD GROWTH ETF | $292,716 | 0.10% | 600 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP COM NEW | $291,168 | 0.10% | 1,245 | Common | SOLE |
| 78468R101 | SPTS | STATE STREET SPDR PORTFOLIO SHORT TERM TREASURY ETF | $289,872 | 0.10% | 9,900 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC COM | $288,356 | 0.10% | 838 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | $285,960 | 0.10% | 941 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS COM | $281,400 | 0.10% | 950 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC COM | $245,015 | 0.09% | 3,052 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC COM | $240,570 | 0.08% | 1,960 | Common | SOLE |
| 493267108 | KEY | KEYCORP COM | $237,360 | 0.08% | 11,500 | Common | SOLE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TRUST | $217,181 | 0.08% | 360 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO COM | $215,498 | 0.08% | 2,650 | Common | SOLE |
| 260003108 | DOV | DOVER CORP COM | $211,835 | 0.07% | 1,085 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL COM | $208,725 | 0.07% | 950 | Common | SOLE |
| M8001Q126 | PYPD | POLYPID LTD COM | $165,788 | 0.06% | 38,200 | 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.