Lumbard & Kellner, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 16, 2024), Lumbard & Kellner, LLC reported 70 stock positions worth $205.5 million. Its top holding was Metlife (MET) at 4.2% of the portfolio, followed by Vanguard Int High DVD YLD (VYMI, 4.0%) and Goldman Sachs (GS, 3.7%). Compared with Q4 2023, it opened 12 new positions, sold out of 3, added to 13 and reduced 28. The biggest buy was a new position in iShares MSCI China A ETF (CNYA) and the biggest sale an exit from Golar LNG (GLNG).
- Most Recent 13F
- Q2 2026
- Location
- HOLLIS, NH
- CIK
- 0001602476
- Portfolio Value
- $205.5M (Q1 2024)
- SEC Filing
- 0001602476-24-000002 ↗ filed May 16, 2024
Holdings Value
Holdings 70 stocks · $205.5M
| MET Metlife Inc. | 4.21% | 116,772 | $8.7M | Reduce -0.5% |
| VYMI Vanguard Int High DVD YLD Inc. | 3.98% | 118,771 | $8.2M | Add +2.4% |
| GS Goldman Sachs Group Inc. | 3.69% | 18,160 | $7.6M | Add +36.2% |
| PRU Prudential Financial Inc. | 3.67% | 64,189 | $7.5M | Reduce -0.9% |
| RSP Invesco S&P 500 Equal Weight | 3.60% | 43,663 | $7.4M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 3.42% | 46,230 | $7.0M | Reduce -0.4% |
| KMI Kinder Morgan Inc. | 3.42% | 383,153 | $7.0M | Reduce -0.8% |
| PBR Petroleo Brasileiro-Spon ADR | 3.21% | 434,370 | $6.6M | Reduce -0.2% |
| LMT Lockheed Martin Corp. | 3.17% | 14,313 | $6.5M | Add +1.5% |
| NOC Northrop Grumman Corp. | 2.95% | 12,659 | $6.1M | Add +0.8% |
| VAL Valaris Ltd. | 2.85% | 77,845 | $5.9M | Add +1.8% |
| CNYA iShares MSCI China A ETF | 2.83% | 224,088 | $5.8M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.78% | 62,283 | $5.7M | Reduce -38.0% |
| FLBR Franklin Ftse Brazil ETF | 2.57% | 269,996 | $5.3M | Reduce -1.0% |
| NFE New Fortress Energy Inc. | 2.55% | 171,287 | $5.2M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 2.53% | 104,065 | $5.2M | Add +74.3% |
| XBI SS SPDR S&P Biotech ETF | 2.40% | 52,069 | $4.9M | Add +0.6% |
| FLKR Franklin Ftse South Korea | 2.34% | 205,651 | $4.8M | New |
| SO The Southern Co. | 2.32% | 66,401 | $4.8M | Reduce -0.1% |
| EIDO iShares MSCI Indonesia ETF | 2.26% | 206,191 | $4.6M | Reduce -1.3% |
| HBM Hudbay Minerals Inc. | 2.18% | 639,422 | $4.5M | Add +5.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.05% | 16,180 | $4.2M | Reduce -0.9% |
| MSFT Microsoft Corp. | 1.98% | 9,680 | $4.1M | Reduce -1.3% |
| TSN Tyson Foods Inc. Class A | 1.92% | 67,137 | $3.9M | Reduce -0.8% |
| OI O-I Glass Inc. | 1.86% | 230,408 | $3.8M | Add +83.3% |
| UAA Under Armour Inc. Class A | 1.65% | 459,842 | $3.4M | New |
| SDRL Seadrill Limited | 1.59% | 64,909 | $3.3M | Add +2.8% |
| CIEN Ciena Corp. | 1.57% | 65,187 | $3.2M | New |
| WWW Wolverine World Wide Inc. | 1.56% | 286,403 | $3.2M | New |
| LLY Eli Lilly & Co. | 1.45% | 3,835 | $3.0M | Reduce -28.5% |
| PFE Pfizer Inc. | 1.42% | 105,447 | $2.9M | New |
| VEU Vanguard Ftse All-World Ex-U | 1.35% | 47,251 | $2.8M | Add +0.5% |
| BHF Brighthouse Financial Inc. | 1.33% | 53,192 | $2.7M | Reduce -3.7% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.33% | 81,004 | $2.7M | New |
| FE Firstenergy Corp. | 1.24% | 66,007 | $2.5M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.23% | 4 | $2.5M | No change |
| PLUS Eplus Inc. | 1.20% | 31,315 | $2.5M | New |
| PPL PPL Corp. | 1.13% | 84,244 | $2.3M | Reduce -0.1% |
| AAPL Apple Inc. | 1.12% | 13,392 | $2.3M | Reduce -0.1% |
| STNG Scorpio Tankers Inc. | 0.99% | 28,520 | $2.0M | Reduce -0.7% |
| GLW Corning Inc. | 0.79% | 49,101 | $1.6M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.75% | 2,932 | $1.5M | No change |
| M D C HLDGS INC | 0.68% | 22,173 | $1.4M | Reduce -20.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 3,175 | $1.3M | No change |
| AMAT Applied Materials Inc. | 0.59% | 5,900 | $1.2M | No change |
| XOM Exxon Mobil Corp. | 0.48% | 8,494 | $987K | Reduce -3.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 2,115 | $939K | Reduce -10.9% |
| CMCSA Comcast Corp. Class A | 0.41% | 19,329 | $838K | Reduce -1.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.40% | 22,978 | $824K | Reduce -51.1% |
| VT Vanguard Tot World STK ETF | 0.34% | 6,295 | $696K | Reduce -0.8% |
| HON Honeywell International Inc. | 0.33% | 3,304 | $678K | No change |
| MRK Merck & Co. Inc. | 0.30% | 4,671 | $616K | No change |
| JOE The St Joe Co. | 0.30% | 10,522 | $610K | Add +3.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 3,565 | $581K | Reduce -13.2% |
| WELL Welltower Inc. | 0.25% | 5,496 | $514K | No change |
| PEP Pepsico Inc. | 0.22% | 2,640 | $462K | No change |
| FDX FedEx Corp. | 0.22% | 1,533 | $444K | No change |
| IVV iShares Core S&P 500 ETF | 0.22% | 842 | $443K | No change |
| GE General Electric | 0.18% | 2,085 | $366K | No change |
| RTX RTX Corp. | 0.17% | 3,645 | $355K | Reduce -0.9% |
| DXJ Wisdomtree Japan Hedged Eq | 0.17% | 3,206 | $348K | No change |
| CWH Camping World Holdings Inc. Class A | 0.15% | 11,107 | $309K | No change |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.12% | 3,692 | $237K | No change |
| JNJ Johnson & Johnson | 0.11% | 1,440 | $228K | No change |
| NI Nisource Inc. | 0.11% | 8,000 | $221K | No change |
| KEY Keycorp | 0.11% | 13,760 | $218K | No change |
| FCX Freeport-McMoran Inc. | 0.10% | 4,563 | $215K | New |
| WM Waste Management Inc. | 0.10% | 950 | $202K | New |
| MDY State Street SPDR S&P Midcap | 0.10% | 360 | $200K | New |
| ALTM Arcadium Lithium PLC | 0.04% | 20,327 | $88K | New |
Portfolio Sells Q4 2023 → Q1 2024
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −2.64 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -38.0% | 2.78% | −2.53 |
| NFE New Fortress Energy Inc. | Reduce -0.2% | 2.55% | −1.20 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -0.2% | 3.21% | −0.81 |
| FLBR Franklin Ftse Brazil ETF | Reduce -1.0% | 2.57% | −0.73 |
| KMI Kinder Morgan Inc. | Reduce -0.8% | 3.42% | −0.53 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -51.1% | 0.40% | −0.52 |
| EIDO iShares MSCI Indonesia ETF | Reduce -1.3% | 2.26% | −0.44 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.2% | 3.60% | −0.40 |
| SO The Southern Co. | Reduce -0.1% | 2.32% | −0.38 |
| AAPL Apple Inc. | Reduce -0.1% | 1.12% | −0.38 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 3.42% | −0.36 |
| LLY Eli Lilly & Co. | Reduce -28.5% | 1.45% | −0.36 |
| BHF Brighthouse Financial Inc. | Reduce -3.7% | 1.33% | −0.36 |
| MET Metlife Inc. | Reduce -0.5% | 4.21% | −0.28 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.22 |
| PRU Prudential Financial Inc. | Reduce -0.9% | 3.67% | −0.22 |
| M D C HLDGS INC | Reduce -20.2% | 0.68% | −0.21 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.9% | 2.05% | −0.20 |
| PPL PPL Corp. | Reduce -0.1% | 1.13% | −0.20 |
| TSN Tyson Foods Inc. Class A | Reduce -0.8% | 1.92% | −0.19 |
| PM Philip Morris International | Sold out | 0.00% | −0.17 |
| MSFT Microsoft Corp. | Reduce -1.3% | 1.98% | −0.15 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.9% | 0.46% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -1.1% | 0.41% | −0.09 |
| GLW Corning Inc. | Reduce -0.1% | 0.79% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -13.2% | 0.28% | −0.07 |
| VT Vanguard Tot World STK ETF | Reduce -0.8% | 0.34% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -3.4% | 0.48% | −0.03 |
| STNG Scorpio Tankers Inc. | Reduce -0.7% | 0.99% | −0.02 |
| RTX RTX Corp. | Reduce -0.9% | 0.17% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| CNYA iShares MSCI China A ETF | New | 2.83% | +2.83 |
| FLKR Franklin Ftse South Korea | New | 2.34% | +2.34 |
| UAA Under Armour Inc. Class A | New | 1.65% | +1.65 |
| CIEN Ciena Corp. | New | 1.57% | +1.57 |
| WWW Wolverine World Wide Inc. | New | 1.56% | +1.56 |
| PFE Pfizer Inc. | New | 1.42% | +1.42 |
| FRDM Freedom 100 Emeging MRKT ETF | New | 1.33% | +1.33 |
| PLUS Eplus Inc. | New | 1.20% | +1.20 |
| CSCO Cisco Systems Inc. | Add +74.3% | 2.53% | +0.78 |
| GS Goldman Sachs Group Inc. | Add +36.2% | 3.69% | +0.71 |
| OI O-I Glass Inc. | Add +83.3% | 1.86% | +0.67 |
| HBM Hudbay Minerals Inc. | Add +5.1% | 2.18% | +0.23 |
| FCX Freeport-McMoran Inc. | New | 0.10% | +0.10 |
| WM Waste Management Inc. | New | 0.10% | +0.10 |
| MDY State Street SPDR S&P Midcap | New | 0.10% | +0.10 |
| ALTM Arcadium Lithium PLC | New | 0.04% | +0.04 |
| JOE The St Joe Co. | Add +3.5% | 0.30% | −0.06 |
| SDRL Seadrill Limited | Add +2.8% | 1.59% | −0.14 |
| FE Firstenergy Corp. | Add +0.1% | 1.24% | −0.16 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.5% | 1.35% | −0.18 |
| VAL Valaris Ltd. | Add +1.8% | 2.85% | −0.19 |
| XBI SS SPDR S&P Biotech ETF | Add +0.6% | 2.40% | −0.27 |
| NOC Northrop Grumman Corp. | Add +0.8% | 2.95% | −0.45 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +2.4% | 3.98% | −0.49 |
| LMT Lockheed Martin Corp. | Add +1.5% | 3.17% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 108 | $329.9M | GOOG, MTRN, HBM, GS, SPMD |
| Q1 2026 | 99 | $288.6M | PBR, GOOG, BIL, HBM, SPMD |
| Q4 2025 | 100 | $285.5M | GOOG, BIL, GS, HBM, SPMD |
| Q3 2025 | 97 | $271.9M | BIL, GOOG, SPMD, GS, KTOS |
| Q2 2025 | 88 | $229.4M | BIL, SPMD, VYMI, GS, MET |
| Q1 2025 | 82 | $226.8M | ORCL, SPMD, MET, VYMI, RSP |
| Q4 2024 | 79 | $232.7M | ALTM, ORCL, MET, GOOG, VYMI |
| Q3 2024 | 79 | $227.0M | ORCL, MET, VYMI, KMI, LMT |
| Q2 2024 | 74 | $211.8M | ORCL, GOOG, VYMI, GS, MET |
| Q1 2024 | 70 | $205.5M | MET, VYMI, GS, PRU, RSP |