Lumbard & Kellner, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Lumbard & Kellner, LLC reported 108 stock positions worth $329.9 million. Its top holding was Alphabet Class C (GOOG) at 5.6% of the portfolio, followed by Materion (MTRN, 4.7%) and Hudbay Minerals (HBM, 3.7%). Compared with Q1 2026, it opened 11 new positions, sold out of 3, added to 54 and reduced 15. The biggest buy was SBC Medical Group Holdings I (SBC, shares +9899%) and the biggest sale an exit from Jabil (JBL).

Most Recent 13F
Q2 2026
Location
HOLLIS, NH
CIK
0001602476
Portfolio Value
$329.9M (Q2 2026)
SEC Filing
0001602476-26-000003 ↗ filed Aug 6, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $205.5M Q1 2024 Q2 2024: $211.8M Q2 2024 Q3 2024: $227.0M Q3 2024 Q4 2024: $232.7M Q4 2024 Q1 2025: $226.8M Q1 2025 Q2 2025: $229.4M Q2 2025 Q3 2025: $271.9M Q3 2025 Q4 2025: $285.5M Q4 2025 Q1 2026: $288.6M Q1 2026 Q2 2026: $329.9M $329.9M Q2 2026

Holdings 108 stocks · $329.9M
GOOG Alphabet Inc. Class C 5.56% 51,907 $18.3M Add +6.4%
MTRN Materion Corp. 4.65% 51,579 $15.3M Reduce 0.0%
HBM Hudbay Minerals Inc. 3.72% 519,841 $12.3M Add +0.1%
GS Goldman Sachs Group Inc. 3.69% 12,049 $12.2M Add +1.1%
SPMD SS SPDR P S&P 400 Midcap ETF 3.57% 174,182 $11.8M Add +0.9%
PBR Petroleo Brasileiro-Spon ADR 3.48% 710,098 $11.5M Add +0.4%
FRDM Freedom 100 Emeging MRKT ETF 3.40% 153,636 $11.2M Add +0.1%
RSP Invesco S&P 500 Equal Weight 3.34% 51,810 $11.0M Add +0.4%
ENS Enersys 3.12% 44,024 $10.3M Reduce -0.3%
BIL SS SPDR BB 1-3M T-Bill ETF 3.01% 108,366 $9.9M Reduce -18.1%
MET Metlife Inc. 2.76% 107,443 $9.1M Add +0.5%
FSLR First Solar Inc. 2.61% 36,506 $8.6M Add +0.7%
VYMI Vanguard Int High DVD YLD Inc. 2.41% 81,096 $8.0M Add +1.1%
AMZN Amazon.com Inc. 2.41% 33,345 $7.9M Add +2.2%
KMI Kinder Morgan Inc. 2.39% 247,038 $7.9M Add +0.6%
CSCO Cisco Systems Inc. 2.01% 56,311 $6.6M Reduce -46.9%
FLKR Franklin Ftse South Korea 1.94% 96,743 $6.4M Add +0.0%
ETON Eton Pharmaceuticals Inc. 1.93% 175,909 $6.4M Reduce 0.0%
FLBR Franklin Ftse Brazil ETF 1.76% 270,704 $5.8M Add +0.0%
LMT Lockheed Martin Corp. 1.70% 10,987 $5.6M Add +1.6%
KTOS Kratos Defense & Security 1.62% 107,007 $5.3M Add +1.6%
SBC SBC Medical Group Holdings I 1.61% 1,727,208 $5.3M Add +9899.5%
XLF SS Financial Select Sector 1.61% 98,982 $5.3M Add +0.3%
PRIM Primoris Services Corp. 1.41% 46,897 $4.6M Add +13.0%
NOC Northrop Grumman Corp. 1.37% 8,880 $4.5M Add +0.2%
KRE SS SPDR S&P Regional Bank 1.25% 55,017 $4.1M Add +0.6%
VTI VG Morningstar TS MKT ETF-US 1.24% 11,098 $4.1M Add +0.7%
MSFT Microsoft Corp. 1.23% 10,847 $4.0M Add +3.8%
QABA First Trust Nasdaq Aba Cbif 1.18% 57,811 $3.9M Add +0.3%
AMAT Applied Materials Inc. 1.17% 5,350 $3.9M No change
HROW Harrow Inc. 1.16% 90,322 $3.8M Add +2.0%
BRK.A Berkshire Hathaway Inc. Class A 1.14% 5 $3.7M No change
EMN Eastman Chemical Co. 1.10% 54,208 $3.6M New
FLIN Franklin Ftse India ETF 1.10% 101,835 $3.6M Add +0.2%
VEU Vanguard Ftse All-World Ex-U 1.09% 42,889 $3.6M Add +1.4%
AAPL Apple Inc. 1.03% 11,735 $3.4M Add +2.9%
RNW Renew Energy Global PLC-A 0.98% 518,293 $3.2M New
BE Bloom Energy Corp. Class A 0.97% 10,586 $3.2M Reduce -14.5%
AMSC American Superconductor Corp. 0.93% 74,139 $3.1M Add +0.6%
LLY Eli Lilly & Co. 0.93% 2,545 $3.1M Add +1.0%
ASIX Advansix Inc. 0.88% 146,212 $2.9M Add +0.4%
ALKS Alkermes PLC 0.84% 52,592 $2.8M Reduce 0.0%
DNLI Denali Therapeutics Inc. 0.77% 98,282 $2.5M Add +3.7%
EIDO iShares MSCI Indonesia ETF 0.71% 207,366 $2.3M Add +0.7%
BRK.B Berkshire Hathaway Inc. Class B 0.67% 4,419 $2.2M Add +2.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.66% 2,932 $2.2M No change
CLIP Global X 1-3 Month T-Bill 0.55% 18,058 $1.8M Reduce -10.3%
INTC Intel Corp. 0.45% 10,615 $1.5M No change
JPM JPMorgan Chase & Co. 0.44% 4,387 $1.4M Add +3.6%
QQQ Invesco QQQ Trust Series 1 0.42% 1,865 $1.4M No change
STNG Scorpio Tankers Inc. 0.40% 19,020 $1.3M No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.39% 14,328 $1.3M Reduce -0.0%
WELL Welltower Inc. 0.38% 5,496 $1.2M No change
XLE SS Energy Select Sector 0.36% 22,364 $1.2M Add +101.3%
JOE The St Joe Co. 0.35% 18,572 $1.2M Add +2.1%
GLD SPDR Gold Shares 0.34% 3,062 $1.1M Add +3.7%
XOM Exxonmobil Holdings Corp. 0.32% 7,826 $1.1M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.32% 4,893 $1.1M No change
UTI Universal Technical Institut 0.32% 24,421 $1.0M Reduce -3.8%
XLK SS Technology Select Sector 0.30% 5,140 $979K No change
XBI SS SPDR S&P Biotech ETF 0.30% 6,174 $977K New
VT Vanguard Tot World STK ETF 0.28% 5,914 $928K No change
EWW iShares MSCI Mexico ETF 0.27% 11,859 $893K Add +1.0%
SPDW Ste STR SPDR PT DW Eu ETF 0.27% 17,381 $876K No change
BBCA JPMorgan Betabuilders Canada 0.26% 8,508 $846K Add +1.2%
GDX Vaneck Gold Miners ETF 0.24% 10,684 $806K No change
UNH Unitedhealth Group Inc. 0.24% 1,928 $801K Reduce -8.5%
IVV iShares Core S&P 500 ETF 0.23% 1,020 $764K No change
GE General Electric filed as GE AEROSPACE 0.22% 1,958 $732K Reduce -1.3%
PHYS Sprott Physical Gold Trust 0.22% 24,239 $731K Add +1.6%
RTX RTX Corp. 0.22% 3,836 $728K Add +2.7%
GEV GE Vernova Inc. 0.20% 571 $671K Add +10.4%
MRK Merck & Co. Inc. 0.18% 4,671 $600K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.18% 13,152 $596K Add +0.3%
ORCL Oracle Corp. 0.17% 3,835 $562K Add +1.6%
AMD Advanced Micro Devices 0.17% 956 $555K New
TSM Taiwan Semiconductor-SP ADR 0.16% 1,075 $513K Add +14.2%
FE Firstenergy Corp. 0.14% 9,485 $451K No change
HON Honeywell International Inc. 0.12% 1,787 $400K Add +6.1%
HONA Honeywell Aerospace Inc. 0.12% 1,787 $395K Add +6.1%
NI Nisource Inc. 0.12% 8,000 $380K No change
JNJ Johnson & Johnson 0.11% 1,440 $366K No change
PEP Pepsico Inc. 0.11% 2,640 $357K No change
HD Home Depot Inc. 0.11% 989 $349K Add +18.0%
PM Philip Morris International 0.10% 1,900 $344K No change
GILD Gilead Sciences Inc. 0.10% 2,636 $333K Add +34.5%
META Meta Platforms Inc. Class A 0.10% 586 $330K Add +25.2%
ADBE Adobe Inc. 0.10% 1,581 $324K Reduce -3.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.09% 3,600 $310K No change
NVDA Nvidia Corp. 0.09% 1,539 $308K New
CIEN Ciena Corp. 0.09% 605 $297K Reduce -51.4%
AXP American Express Co. 0.09% 870 $294K No change
EPD Enterprise Products Partners 0.09% 7,750 $285K Add +40.9%
CMCSA Comcast Corp. Class A 0.09% 11,431 $281K Add +4.8%
AVGO Broadcom Inc. 0.08% 740 $280K New
NEE Nextera Energy Inc. 0.08% 3,052 $268K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 950 $267K No change
KEY Keycorp 0.08% 11,500 $265K No change
MDY State Street SPDR S&P Midcap 0.08% 360 $253K No change
DOV Dover Corp. 0.07% 1,085 $243K No change

Show all 108 holdings

Portfolio Sells Q1 2026 → Q2 2026
JBL Jabil Inc. Sold out 0.00% −1.78
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -18.1% 3.01% −1.19
CSCO Cisco Systems Inc. Reduce -46.9% 2.01% −0.84
SCHO Schwab Short-Term US Treas Sold out 0.00% −0.16
CLIP Global X 1-3 Month T-Bill Reduce -10.3% 0.55% −0.15
GPRE Green Plains Inc. Sold out 0.00% −0.15
CIEN Ciena Corp. Reduce -51.4% 0.09% −0.08
ADBE Adobe Inc. Reduce -3.9% 0.10% −0.04
APH Amphenol Corp. Class A Reduce -40.0% 0.06% −0.02
UTI Universal Technical Institut Reduce -3.8% 0.32% −0.00
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -0.0% 0.39% +0.00
GE General Electric Reduce -1.3% 0.22% +0.03
UNH Unitedhealth Group Inc. Reduce -8.5% 0.24% +0.05
ALKS Alkermes PLC Reduce 0.0% 0.84% +0.19
BE Bloom Energy Corp. Class A Reduce -14.5% 0.97% +0.39
ETON Eton Pharmaceuticals Inc. Reduce 0.0% 1.93% +0.43
ENS Enersys Reduce -0.3% 3.12% +0.46
MTRN Materion Corp. Reduce 0.0% 4.65% +2.06

Portfolio Buys Q1 2026 → Q2 2026
SBC SBC Medical Group Holdings I Add +9899.5% 1.61% +1.59
EMN Eastman Chemical Co. New 1.10% +1.10
RNW Renew Energy Global PLC-A New 0.98% +0.98
GOOG Alphabet Inc. Class C Add +6.4% 5.56% +0.71
FLKR Franklin Ftse South Korea Add +0.0% 1.94% +0.60
FRDM Freedom 100 Emeging MRKT ETF Add +0.1% 3.40% +0.49
XBI SS SPDR S&P Biotech ETF New 0.30% +0.30
GS Goldman Sachs Group Inc. Add +1.1% 3.69% +0.20
AMD Advanced Micro Devices New 0.17% +0.17
DNLI Denali Therapeutics Inc. Add +3.7% 0.77% +0.14
MET Metlife Inc. Add +0.5% 2.76% +0.14
FSLR First Solar Inc. Add +0.7% 2.61% +0.13
XLE SS Energy Select Sector Add +101.3% 0.36% +0.12
LLY Eli Lilly & Co. Add +1.0% 0.93% +0.12
NVDA Nvidia Corp. New 0.09% +0.09
AVGO Broadcom Inc. New 0.08% +0.08
HROW Harrow Inc. Add +2.0% 1.16% +0.08
V Visa Inc. Class A New 0.07% +0.07
AMSC American Superconductor Corp. Add +0.6% 0.93% +0.07
FCX Freeport-McMoran Inc. New 0.07% +0.07
FTNT Fortinet Inc. New 0.06% +0.06
GM General Motors Co. New 0.06% +0.06
STX Seagate Technology Holdings New 0.06% +0.06
AMZN Amazon.com Inc. Add +2.2% 2.41% +0.05
GEV GE Vernova Inc. Add +10.4% 0.20% +0.05
TSM Taiwan Semiconductor-SP ADR Add +14.2% 0.16% +0.05
AAPL Apple Inc. Add +2.9% 1.03% +0.03
SPMD SS SPDR P S&P 400 Midcap ETF Add +0.9% 3.57% +0.03
VTI VG Morningstar TS MKT ETF-US Add +0.7% 1.24% +0.02
QABA First Trust Nasdaq Aba Cbif Add +0.3% 1.18% +0.02
EPD Enterprise Products Partners Add +40.9% 0.09% +0.01
KRE SS SPDR S&P Regional Bank Add +0.6% 1.25% +0.01
HD Home Depot Inc. Add +18.0% 0.11% +0.01
META Meta Platforms Inc. Class A Add +25.2% 0.10% +0.01
GILD Gilead Sciences Inc. Add +34.5% 0.10% +0.01
JPM JPMorgan Chase & Co. Add +3.6% 0.44% +0.00
WM Waste Management Inc. Add +12.3% 0.07% −0.00
HONA Honeywell Aerospace Inc. Add +6.1% 0.12% −0.01
VEU Vanguard Ftse All-World Ex-U Add +1.4% 1.09% −0.01
BBCA JPMorgan Betabuilders Canada Add +1.2% 0.26% −0.02
ORCL Oracle Corp. Add +1.6% 0.17% −0.02
CMCSA Comcast Corp. Class A Add +4.8% 0.09% −0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.3% 0.18% −0.03
RTX RTX Corp. Add +2.7% 0.22% −0.03
EWW iShares MSCI Mexico ETF Add +1.0% 0.27% −0.04
HBM Hudbay Minerals Inc. Add +0.1% 3.72% −0.04
BRK.B Berkshire Hathaway Inc. Class B Add +2.9% 0.67% −0.04
JOE The St Joe Co. Add +2.1% 0.35% −0.04
PHYS Sprott Physical Gold Trust Add +1.6% 0.22% −0.07
FLIN Franklin Ftse India ETF Add +0.2% 1.10% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$329.9MGOOG, MTRN, HBM, GS, SPMD
Q1 2026 99$288.6MPBR, GOOG, BIL, HBM, SPMD
Q4 2025 100$285.5MGOOG, BIL, GS, HBM, SPMD
Q3 2025 97$271.9MBIL, GOOG, SPMD, GS, KTOS
Q2 2025 88$229.4MBIL, SPMD, VYMI, GS, MET
Q1 2025 82$226.8MORCL, SPMD, MET, VYMI, RSP
Q4 2024 79$232.7MALTM, ORCL, MET, GOOG, VYMI
Q3 2024 79$227.0MORCL, MET, VYMI, KMI, LMT
Q2 2024 74$211.8MORCL, GOOG, VYMI, GS, MET
Q1 2024 70$205.5MMET, VYMI, GS, PRU, RSP