Institutional
Lumbard & Kellner, LLC
CIK 0001602476
$288.6M
Reported AUM
99
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Lumbard & Kellner, LLC · Q1 2026
AI · grounded in 13F
Lumbard & Kellner, LLC closed its position in ADVANCED MICRO DEVICES INC COM, reducing exposure by $4.8M. The fund established a new position in XLF valued at $4.87M and added ALKERMES PLC SHS with a $1.86M investment. Other notable exits included closing positions in SNOW for $3.79M and PATH for $3.68M.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | PBR | PETROLEO BRASILEIRO S A SPONSORED ADR | $14.7M | 5.09% | -25 | -0.0% |
| 2 | GOOG | ALPHABET INC CAP STK CL C | $14.0M | 4.85% | +529 | +1.1% |
| 3 | BIL | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | $12.1M | 4.20% | -21,544 | -14.0% |
| 4 | HBM | HUDBAY MINERALS INC COM | $10.9M | 3.76% | -44 | -0.0% |
| 5 | SPMD | STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF | $10.2M | 3.54% | +2,326 | +1.4% |
| 6 | GS | GOLDMAN SACHS GROUP INC COM | $10.1M | 3.50% | +13 | +0.1% |
| 7 | RSP | INVESCO S&P 500 EQUAL WEIGHT ETF | $9.9M | 3.43% | +832 | +1.6% |
| 8 | FRDM | FREEDOM 100 EMERGING MARKETS ETF | $8.4M | 2.91% | +525 | +0.3% |
| 9 | KMI | KINDER MORGAN INC DEL COM | $8.2M | 2.85% | +213 | +0.1% |
| 10 | CSCO | CISCO SYS INC COM | $8.2M | 2.85% | +82 | +0.1% |
| 11 | ENS | ENERSYS COM | $7.7M | 2.66% | +45 | +0.1% |
| 12 | VYMI | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | $7.6M | 2.62% | +1,170 | +1.5% |
| 13 | MET | METLIFE INC COM | $7.6M | 2.62% | +263 | +0.2% |
| 14 | MTRN | MATERION CORP COM | $7.5M | 2.59% | +46 | +0.1% |
| 15 | KTOS | KRATOS DEFENSE & SEC SOLUTIONS COM NEW | $7.4M | 2.57% | +835 | +0.8% |
| 16 | FSLR | FIRST SOLAR INC COM | $7.2M | 2.48% | +24 | +0.1% |
| 17 | AMZN | AMAZON COM INC COM | $6.8M | 2.35% | +4,420 | +15.7% |
| 18 | LMT | LOCKHEED MARTIN CORP COM | $6.5M | 2.27% | +23 | +0.2% |
| 19 | FLBR | FRANKLIN FTSE BRAZIL ETF | $6.5M | 2.24% | +11,828 | +4.6% |
| 20 | NOC | NORTHROP GRUMMAN CORP COM | $6.0M | 2.09% | +47 | +0.5% |
| 21 | PRIM | PRIMORIS SVCS CORP COM | $5.9M | 2.06% | +178 | +0.4% |
| 22 | JBL | JABIL INC COM | $5.1M | 1.78% | +111 | +0.6% |
| 23 | XLF | STATE STREET FINANCIAL SELECT SECTOR SPDR ETF | $4.9M | 1.69% | +98,684 | NEW |
| 24 | ETON | ETON PHARMACEUTICALS INC COM | $4.3M | 1.50% | +967 | +0.6% |
| 25 | MSFT | MICROSOFT CORP COM | $3.9M | 1.34% | — | HELD |
| 26 | FLKR | FRANKLIN FTSE SOUTH KOREA ETF | $3.9M | 1.34% | +166 | +0.2% |
| 27 | BRK/A | BERKSHIRE HATHAWAY INC DEL CL A | $3.6M | 1.24% | — | HELD |
| 28 | KRE | STATE STREET SPDR S&P REGIONAL BANKING ETF | $3.6M | 1.24% | +42,817 | +359.9% |
| 29 | ASIX | ADVANSIX INC COM | $3.6M | 1.23% | +566 | +0.4% |
| 30 | VTI | VANGUARD TOTAL STOCK MARKET ETF | $3.5M | 1.23% | — | HELD |
| 31 | FLIN | FRANKLIN FTSE INDIA ETF | $3.4M | 1.17% | +665 | +0.7% |
| 32 | QABA | FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND | $3.4M | 1.16% | +370 | +0.6% |
| 33 | EIDO | ISHARES MSCI INDONESIA ETF | $3.3M | 1.13% | +5,324 | +2.7% |
| 34 | VEU | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | $3.2M | 1.10% | +643 | +1.5% |
| 35 | HROW | HARROW INC COM | $3.1M | 1.08% | +247 | +0.3% |
| 36 | AAPL | APPLE INC COM | $2.9M | 1.00% | — | HELD |
| 37 | AMSC | AMERICAN SUPERCONDUCTOR CORP SHS NEW | $2.5M | 0.86% | +2,508 | +3.5% |
| 38 | LLY | ELI LILLY & CO COM | $2.3M | 0.80% | — | HELD |
| 39 | BRK/B | BERKSHIRE HATHAWAY INC DEL CL B NEW | $2.1M | 0.71% | +144 | +3.5% |
| 40 | CLIP | GLOBAL X 1-3 MONTH T-BILL ETF | $2.0M | 0.70% | -2,922 | -12.7% |
| 41 | SPY | STATE STREET SPDR S&P 500 ETF | $1.9M | 0.66% | — | HELD |
| 42 | ALKS | ALKERMES PLC SHS | $1.9M | 0.64% | +52,593 | NEW |
| 43 | AMAT | APPLIED MATLS INC COM | $1.8M | 0.63% | — | HELD |
| 44 | DNLI | DENALI THERAPEUTICS INC COM | $1.8M | 0.63% | +94,782 | NEW |
| 45 | BE | BLOOM ENERGY CORP COM CL A | $1.7M | 0.58% | -5,300 | -30.0% |
| 46 | STNG | SCORPIO TANKERS INC SHS | $1.4M | 0.49% | — | HELD |
| 47 | XOM | EXXON MOBIL CORP COM | $1.3M | 0.46% | — | HELD |
| 48 | GLD | SPDR GOLD SHARES | $1.3M | 0.44% | +64 | +2.2% |
| 49 | JPM | JPMORGAN CHASE & CO COM | $1.2M | 0.43% | — | HELD |
| 50 | JOE | ST JOE CO COM | $1.1M | 0.40% | +96 | +0.5% |
| 51 | SPTM | STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF | $1.1M | 0.39% | — | HELD |
| 52 | WELL | WELLTOWER INC COM | $1.1M | 0.38% | — | HELD |
| 53 | QQQ | INVESCO QQQ TRUST SERIES I | $1.1M | 0.37% | — | HELD |
| 54 | GDX | VANECK GOLD MINERS ETF | $980K | 0.34% | — | HELD |
| 55 | VTV | VANGUARD VALUE ETF | $960K | 0.33% | — | HELD |
| 56 | UTI | UNIVERSAL TECHNICAL INST INC COM | $916K | 0.32% | +1,160 | +4.8% |
| 57 | EWW | ISHARES MSCI MEXICO ETF | $883K | 0.31% | +311 | +2.7% |
| 58 | PHYS | SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | $846K | 0.29% | +29 | +0.1% |
| 59 | VT | VANGUARD TOTAL WORLD STOCK ETF | $818K | 0.28% | — | HELD |
| 60 | SPDW | STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | $793K | 0.27% | — | HELD |
| 61 | BBCA | JPMORGAN BETABUILDERS CANADA ETF | $791K | 0.27% | +84 | +1.0% |
| 62 | HON | HONEYWELL INTL INC COM | $761K | 0.26% | — | HELD |
| 63 | RTX | RTX CORPORATION COM | $720K | 0.25% | — | HELD |
| 64 | XLK | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | $683K | 0.24% | — | HELD |
| 65 | XLE | STATE STREET ENERGY SELECT SECTOR SPDR ETF | $681K | 0.24% | +252 | +2.3% |
| 66 | IVV | ISHARES CORE S&P 500 ETF | $666K | 0.23% | — | HELD |
| 67 | XLU | STATE STREET UTILITIES SELECT SECTOR SPDR ETF | $602K | 0.21% | +74 | +0.6% |
| 68 | UNH | UNITEDHEALTH GROUP INC COM | $570K | 0.20% | — | HELD |
| 69 | GE | GE AEROSPACE COM NEW | $563K | 0.20% | — | HELD |
| 70 | MRK | MERCK & CO INC COM | $562K | 0.19% | — | HELD |
| 71 | ORCL | ORACLE CORP COM | $555K | 0.19% | -53 | -1.4% |
| 72 | CIEN | CIENA CORP COM NEW | $483K | 0.17% | — | HELD |
| 73 | FE | FIRSTENERGY CORP COM | $481K | 0.17% | — | HELD |
| 74 | INTC | INTEL CORP COM | $468K | 0.16% | — | HELD |
| 75 | GEV | GE VERNOVA INC COM | $451K | 0.16% | — | HELD |
| 76 | SCHO | SCHWAB SHORT-TERM US TREASURY ETF | $450K | 0.16% | -16,434 | -47.0% |
| 77 | GPRE | GREEN PLAINS INC COM | $434K | 0.15% | -432,518 | -94.2% |
| 78 | PEP | PEPSICO INC COM | $410K | 0.14% | — | HELD |
| 79 | ADBE | ADOBE INC COM | $400K | 0.14% | +18 | +1.1% |
| 80 | NI | NISOURCE INC COM | $373K | 0.13% | — | HELD |
| 81 | JNJ | JOHNSON & JOHNSON COM | $352K | 0.12% | — | HELD |
| 82 | TSM | TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS | $318K | 0.11% | — | HELD |
| 83 | PM | PHILIP MORRIS INTL INC COM | $314K | 0.11% | — | HELD |
| 84 | CMCSA | COMCAST CORP NEW CL A | $313K | 0.11% | — | HELD |
| 85 | NEE | NEXTERA ENERGY INC COM | $283K | 0.10% | — | HELD |
| 86 | HD | HOME DEPOT INC COM | $276K | 0.10% | — | HELD |
| 87 | GILD | GILEAD SCIENCES INC COM | $273K | 0.09% | — | HELD |
| 88 | META | META PLATFORMS INC CL A | $268K | 0.09% | — | HELD |
| 89 | AXP | AMERICAN EXPRESS CO COM | $263K | 0.09% | — | HELD |
| 90 | VUG | VANGUARD GROWTH ETF | $262K | 0.09% | — | HELD |
| 91 | APH | AMPHENOL CORP CL A | $253K | 0.09% | +2,000 | NEW |
| 92 | KEY | KEYCORP COM | $231K | 0.08% | — | HELD |
| 93 | IBM | INTERNATIONAL BUSINESS MACHS COM | $230K | 0.08% | — | HELD |
| 94 | DOV | DOVER CORP COM | $226K | 0.08% | — | HELD |
| 95 | MDY | STATE STREET SPDR S&P MIDCAP 400 ETF TRUST | $222K | 0.08% | — | HELD |
| 96 | WM | WASTE MGMT INC DEL COM | $218K | 0.08% | — | HELD |
| 97 | EPD | ENTERPRISE PRODS PARTNERS L P COM | $208K | 0.07% | +5,500 | NEW |
| 98 | PYPD | POLYPID LTD COM | $167K | 0.06% | — | HELD |
| 99 | SBC | SBC MED GROUP HLDGS INC COM | $72K | 0.03% | +17,273 | NEW |
| 100 | AMD | ADVANCED MICRO DEVICES INC COM | — | — | -22,578 | EXITED |
| 101 | SNOW | SNOWFLAKE INC COM SHS | — | — | -17,288 | EXITED |
| 102 | PATH | UIPATH INC CL A | — | — | -224,337 | EXITED |
| 103 | PRU | PRUDENTIAL FINL INC COM | — | — | -25,674 | EXITED |
| 104 | SGOV | ISHARES 0-3 MONTH TREASURY BOND ETF | — | — | -8,420 | EXITED |
| 105 | SPTS | STATE STREET SPDR PORTFOLIO SHORT TERM TREASURY ETF | — | — | -9,900 | EXITED |
| 106 | GM | GENERAL MTRS CO COM | — | — | -2,650 | EXITED |
Source: SEC EDGAR · accession 0001602476-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.