Lumbard & Kellner, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOG | $18.3M | 51,907 | +0.71pp | 31q | +6.4%+$1.1M | |
| MATERION CORP | MTRN | $15.3M | 51,579 | +2.06pp | 5q | HELD | |
| HUDBAY MINERALS INC | HBM | $12.3M | 519,841 | -0.04pp | 20q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $12.2M | 12,049 | +0.20pp | 31q | +1.1%+$127.4K | |
| SPDR SERIES TRUST | SPMD | $11.8M | 174,182 | +0.03pp | 7q | +0.9%+$107.7K | |
| PETROLEO BRASILEIRO S A | PBR | $11.5M | 710,098 | -1.61pp | 18q | HELD | |
| EA SERIES TRUST | FRDM | $11.2M | 153,636 | +0.49pp | 10q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $11.0M | 51,810 | -0.09pp | 23q | HELD | |
| ENERSYS | ENS | $10.3M | 44,024 | +0.46pp | 5q | HELD | |
| SPDR SERIES TRUST | BIL | $9.9M | 108,366 | -1.19pp | 16q | -18.1%-$2.2M | |
| METLIFE INC | MET | $9.1M | 107,443 | +0.14pp | 31q | HELD | |
| FIRST SOLAR INC | FSLR | $8.6M | 36,506 | +0.13pp | 7q | +0.7%+$58.0K | |
| VANGUARD WHITEHALL FDS | VYMI | $8.0M | 81,096 | -0.21pp | 14q | +1.0%+$82.7K | |
| AMAZON COM INC | AMZN | $7.9M | 33,345 | +0.05pp | 9q | +2.2%+$171.1K | |
| KINDER MORGAN INC DEL | KMI | $7.9M | 247,038 | -0.46pp | 24q | +0.6%+$48.8K | |
| CISCO SYS INC | CSCO | $6.6M | 56,311 | -0.84pp | 23q | -46.9%-$5.8M | |
| FRANKLIN TEMPLETON ETF TR | FLKR | $6.4M | 96,743 | +0.60pp | 4q | HELD | |
| ETON PHARMACEUTICALS INC | ETON | $6.4M | 175,909 | +0.43pp | 4q | HELD | |
| FRANKLIN TEMPLETON ETF TR | FLBR | $5.8M | 270,704 | -0.48pp | 19q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $5.6M | 10,987 | -0.57pp | 31q | +1.6%+$87.6K | |
| KRATOS DEFENSE & SEC SOLUTIO | KTOS | $5.3M | 107,007 | -0.96pp | 7q | +1.6%+$82.7K | |
| SBC MED GROUP HLDGS INC | SBC | $5.3M | 1,727,208 | +1.59pp | 2q | +9899.5%+$5.3M | |
| SELECT SECTOR SPDR TR | XLF | $5.3M | 98,982 | -0.08pp | 2q | HELD | |
| PRIMORIS SVCS CORP | PRIM | $4.6M | 46,897 | -0.65pp | 6q | +13.0%+$535.0K | |
| NORTHROP GRUMMAN CORP | NOC | $4.5M | 8,880 | -0.72pp | 26q | HELD | |
| SPDR SERIES TRUST | KRE | $4.1M | 55,017 | +0.01pp | 5q | +0.6%+$22.7K | |
| VANGUARD INDEX FDS | VTI | $4.1M | 11,098 | +0.02pp | 15q | +0.7%+$28.9K | |
| MICROSOFT CORP | MSFT | $4.0M | 10,847 | -0.11pp | 31q | +3.8%+$147.7K | |
| FIRST TR EXCHANGE-TRADED FD | QABA | $3.9M | 57,811 | +0.02pp | 6q | HELD | |
| APPLIED MATLS INC | AMAT | $3.9M | 5,350 | +0.54pp | 31q | HELD | |
| HARROW INC | HROW | $3.8M | 90,322 | +0.08pp | 4q | +2.0%+$74.9K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.7M | 5 | -0.11pp | 13q | HELD | |
| EASTMAN CHEM CO | EMN | $3.6M | 54,208 | - | new | NEW | |
| FRANKLIN TEMPLETON ETF TR | FLIN | $3.6M | 101,835 | -0.07pp | 4q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VEU | $3.6M | 42,889 | -0.01pp | 23q | +1.4%+$49.2K | |
| APPLE INC | AAPL | $3.4M | 11,735 | +0.03pp | 31q | +2.9%+$94.3K | |
| RENEW ENERGY GLOBAL PLC | RNW | $3.2M | 518,293 | - | new | NEW | |
| BLOOM ENERGY CORP | BE | $3.2M | 10,586 | +0.39pp | 9q | -14.5%-$542.7K | |
| AMERICAN SUPERCONDUCTOR CORP | AMSC | $3.1M | 74,139 | +0.07pp | 5q | +0.6%+$19.5K | |
| ELI LILLY & CO | LLY | $3.1M | 2,545 | +0.12pp | 31q | +1.0%+$30.0K | |
| ADVANSIX INC | ASIX | $2.9M | 146,212 | -0.35pp | 3q | HELD | |
| ALKERMES PLC | ALKS | $2.8M | 52,592 | +0.19pp | 2q | HELD | |
| DENALI THERAPEUTICS INC | DNLI | $2.5M | 98,282 | +0.14pp | 2q | +3.7%+$90.0K | |
| ISHARES TR | EIDO | $2.3M | 207,366 | -0.42pp | 28q | +0.7%+$15.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.2M | 4,419 | -0.04pp | 23q | +2.9%+$62.0K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $2.2M | 2,932 | flat | 25q | HELD | |
| GLOBAL X FDS | CLIP | $1.8M | 18,058 | -0.15pp | 7q | -10.3%-$208.7K | |
| INTEL CORP | INTC | $1.5M | 10,615 | +0.29pp | 4q | HELD | |
| JPMORGAN CHASE & CO | JPM | $1.4M | 4,387 | flat | 8q | +3.6%+$50.1K | |
| INVESCO QQQ TR | QQQ | $1.4M | 1,865 | +0.04pp | 13q | HELD | |
| SCORPIO TANKERS INC | STNG | $1.3M | 19,020 | -0.09pp | 23q | HELD | |
| SPDR SERIES TRUST | SPTM | $1.3M | 14,328 | flat | 11q | HELD | |
| WELLTOWER INC | WELL | $1.2M | 5,496 | flat | 15q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $1.2M | 22,364 | +0.12pp | 5q | +101.3%+$597.7K | |
| ST JOE CO | JOE | $1.2M | 18,572 | -0.04pp | 23q | +2.1%+$24.1K | |
| SPDR GOLD TR | GLD | $1.1M | 3,062 | -0.10pp | 5q | +3.7%+$40.2K | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $1.1M | 7,826 | - | new | NEW | |
| VANGUARD INDEX FDS | VTV | $1.1M | 4,893 | -0.01pp | 23q | HELD | |
| UNIVERSAL TECHNICAL INST INC | UTI | $1.0M | 24,421 | flat | 5q | -3.8%-$41.1K | |
| SELECT SECTOR SPDR TR | XLK | $979.3K | 5,140 | +0.06pp | 9q | HELD | |
| SPDR SERIES TRUST | XBI | $977.0K | 6,174 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VT | $928.2K | 5,914 | flat | 11q | HELD | |
| ISHARES INC | EWW | $892.6K | 11,859 | -0.04pp | 5q | +1.0%+$9.0K | |
| SPDR INDEX SHS FDS | SPDW | $875.8K | 17,381 | -0.01pp | 16q | HELD | |
| J P MORGAN EXCHANGE TRADED F | BBCA | $845.7K | 8,508 | -0.02pp | 5q | +1.2%+$9.8K | |
| VANECK ETF TRUST | GDX | $806.1K | 10,684 | -0.10pp | 4q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $801.3K | 1,928 | +0.05pp | 9q | -8.5%-$74.8K | |
| ISHARES TR | IVV | $763.9K | 1,020 | flat | 23q | HELD | |
| GE AEROSPACE | GE | $731.8K | 1,958 | +0.03pp | 14q | -1.3%-$9.3K | |
| SPROTT ASSET MANAGEMENT LP | PHYS | $731.3K | 24,239 | -0.07pp | 5q | +1.6%+$11.4K | |
| RTX CORPORATION | RTX | $727.8K | 3,836 | -0.03pp | 13q | +2.7%+$19.4K | |
| GE VERNOVA INC | GEV | $670.8K | 571 | +0.05pp | 5q | +10.4%+$63.4K | |
| MERCK & CO INC | MRK | $600.2K | 4,671 | -0.01pp | 31q | HELD | |
| SELECT SECTOR SPDR TR | XLU | $596.3K | 13,152 | -0.03pp | 5q | HELD | |
| ORACLE CORP | ORCL | $562.0K | 3,835 | -0.02pp | 9q | +1.6%+$8.8K | |
| ADVANCED MICRO DEVICES INC | AMD | $555.4K | 956 | - | new | NEW | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $513.4K | 1,075 | +0.05pp | 4q | +14.2%+$64.0K | |
| FIRSTENERGY CORP | FE | $450.9K | 9,485 | -0.03pp | 11q | HELD | |
| HONEYWELL INTL INC | HON | $400.2K | 1,787 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $395.2K | 1,787 | - | new | NEW | |
| NISOURCE INC | NI | $380.4K | 8,000 | -0.01pp | 11q | HELD | |
| JOHNSON & JOHNSON | JNJ | $365.7K | 1,440 | -0.01pp | 11q | HELD | |
| PEPSICO INC | PEP | $357.5K | 2,640 | -0.03pp | 31q | HELD | |
| HOME DEPOT INC | HD | $348.8K | 989 | +0.01pp | 7q | +18.0%+$53.3K | |
| PHILIP MORRIS INTL INC | PM | $343.7K | 1,900 | flat | 8q | HELD | |
| GILEAD SCIENCES INC | GILD | $333.0K | 2,636 | +0.01pp | 6q | +34.5%+$85.4K | |
| META PLATFORMS INC | META | $330.1K | 586 | +0.01pp | 4q | +25.2%+$66.5K | |
| ADOBE INC | ADBE | $324.1K | 1,581 | -0.04pp | 3q | -3.9%-$13.1K | |
| VANGUARD INDEX FDS | VUG | $310.1K | 3,600 | flat | 8q | +500.0%+$258.4K | |
| NVIDIA CORPORATION | NVDA | $307.9K | 1,539 | - | new | NEW | |
| CIENA CORP | CIEN | $296.8K | 605 | -0.08pp | 4q | -51.4%-$314.0K | |
| AMERICAN EXPRESS CO | AXP | $294.3K | 870 | flat | 9q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $284.9K | 7,750 | +0.01pp | 2q | +40.9%+$82.7K | |
| COMCAST CORP NEW | CMCSA | $280.6K | 11,431 | -0.02pp | 31q | +4.7%+$12.7K | |
| BROADCOM INC | AVGO | $279.5K | 740 | - | new | NEW | |
| NEXTERA ENERGY INC | NEE | $267.9K | 3,052 | -0.02pp | 4q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $267.1K | 950 | flat | 8q | HELD | |
| KEYCORP | KEY | $265.1K | 11,500 | flat | 12q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $253.2K | 360 | flat | 5q | HELD | |
| DOVER CORP | DOV | $243.3K | 1,085 | flat | 3q | HELD | |
| WASTE MGMT INC DEL | WM | $237.8K | 1,067 | flat | 6q | +12.3%+$26.1K | |
| VISA INC | V | $227.1K | 662 | - | new | NEW | |
| FREEPORT-MCMORAN INC | FCX | $216.2K | 3,438 | - | new | NEW | |
| AMPHENOL CORP | APH | $211.6K | 1,200 | -0.02pp | 2q | -40.0%-$141.1K | |
| FORTINET INC | FTNT | $208.2K | 1,355 | - | new | NEW | |
| GENERAL MTRS CO | GM | $204.3K | 2,650 | - | new | NEW | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $202.7K | 210 | - | new | NEW | |
| POLYPID LTD | PYPD | $194.1K | 38,200 | flat | 5q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $34.1M | 10.3% |
| Software & IT Services | $23.6M | 7.2% |
| Energy | $20.7M | 6.3% |
| Biotech & Pharma | $19.8M | 6.0% |
| Autos & Aerospace | $16.4M | 5.0% |
| Insurance | $15.8M | 4.8% |
| Industrials | $15.6M | 4.7% |
| Capital Markets | $14.0M | 4.3% |
| Mining & Metals | $12.5M | 3.8% |
| Computer Hardware | $10.7M | 3.2% |
| Retail & Consumer | $8.3M | 2.5% |
| Chemicals | $6.5M | 2.0% |
| Other sectors | $26.5M | 8.0% |
| Not classified | $105.2M | 31.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $329.9M | 108 | 14 | 40 | 10 | 5 | 37.5% | 37 |
| Q1 2026 | $288.6M | 99 | 6 | 25 | 6 | 7 | 37.0% | 45 |
| Q4 2025 | $285.5M | 100 | 5 | 13 | 36 | 2 | 36.4% | 34 |
| Q3 2025 | $271.9M | 97 | 11 | 23 | 10 | 2 | 36.1% | 43 |
| Q2 2025 | $229.4M | 88 | 15 | 7 | 34 | 9 | 36.1% | 44 |
| Q1 2025 | $226.8M | 82 | 12 | 17 | 19 | 9 | 35.1% | 21 |
| Q4 2024 | $232.7M | 79 | 5 | 9 | 43 | 5 | 36.2% | 45 |
| Q3 2024 | $227.0M | 79 | 8 | 37 | 5 | 3 | 36.9% | 43 |
| Q2 2024 | $211.8M | 74 | 10 | 9 | 28 | 6 | 35.6% | 40 |
| Q1 2024 | $205.5M | 70 | 12 | 12 | 20 | 3 | 35.3% | 46 |
| Q4 2023 | $172.8M | 61 | 9 | 11 | 11 | 4 | 41.4% | 43 |
| Q3 2023 | $150.7M | 56 | 6 | 6 | 28 | 23 | 48.1% | 45 |
| Q2 2023 | $179.3M | 73 | 6 | 6 | 23 | 22 | 44.7% | 35 |
| Q1 2023 | $198.8M | 89 | 13 | 12 | 15 | 12 | 38.2% | 67 |
| Q4 2022 | $204.2M | 88 | 9 | 11 | 26 | 5 | 38.6% | 45 |
| Q3 2022 | $194.1M | 84 | 9 | 6 | 11 | 5 | 37.7% | 45 |
| Q2 2022 | $195.9M | 80 | 6 | 4 | 23 | 16 | 38.7% | 46 |
| Q1 2022 | $256.1M | 90 | 4 | 23 | 12 | 12 | 38.5% | 43 |
| Q4 2021 | $265.2M | 98 | 11 | 12 | 47 | 13 | 35.0% | 49 |
| Q3 2021 | $254.9M | 100 | 11 | 19 | 18 | 11 | 33.1% | 49 |
| Q2 2021 | $258.3M | 100 | 5 | 27 | 9 | 8 | 35.3% | 57 |
| Q1 2021 | $284.3M | 103 | 7 | 28 | 30 | 2 | 40.9% | 47 |
| Q4 2020 | $254.0M | 98 | 29 | 17 | 31 | 3 | 39.4% | 42 |
| Q3 2020 | $202.5M | 72 | 5 | 13 | 21 | 3 | 46.6% | 44 |
| Q2 2020 | $174.0M | 70 | 6 | 9 | 27 | 8 | 47.9% | 59 |
| Q1 2020 | $149.1M | 72 | 7 | 8 | 26 | 14 | 47.5% | 43 |
| Q4 2019 | $193.6M | 79 | 1 | 3 | 13 | 2 | 45.3% | 52 |
| Q3 2019 | $182.5M | 80 | 5 | 3 | 18 | 3 | 44.9% | 52 |
| Q2 2019 | $185.9M | 78 | 3 | 4 | 10 | 4 | 48.3% | 37 |
| Q1 2019 | $179.5M | 79 | 6 | 11 | 13 | 4 | 49.2% | 58 |
| Q4 2018 | $165.0M | 77 | 0 | 0 | 0 | 0 | 50.9% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.