Q2 2026 13F · SEC CIK 1602476

Lumbard & Kellner, LLC

Wealth managerFiled 2026-08-06 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $329.9M
Reported positions: 108
Top holdings a year, 3 yrs: +21.3%
Assets under management: $443.6M

Lumbard & Kellner, LLC is a wealth manager that reported 108 positions worth $329.9M in its Q2 2026 13F, filed 2026-08-06. Its largest holdings were Alphabet Inc (GOOG, 5.6%), Materion Corp (MTRN, 4.7%), Hudbay Minerals Inc (HBM, 3.7%). A portfolio copying its top holdings returned 21.3% a year over the last 3 years, against 22.3% for the S&P 500.

Lumbard & Kellner, LLC holdings largest 50 of 108 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Lumbard & Kellner, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GOOGAlphabet Inc	5.6%	4.9%	51,907	+6.4%	$18.3M
MTRNMaterion Corp	4.7%	2.6%	51,579	-0.0%	$15.3M
HBMHudbay Minerals Inc	3.7%	3.8%	519,841	+0.1%	$12.3M
GSGoldman Sachs Group Inc	3.7%	3.5%	12,049	+1.1%	$12.2M
SPMDSpdr Series Trust	3.6%	3.5%	174,182	+0.9%	$11.8M
PBRPetroleo Brasileiro S A Sponsored ADR (b	3.5%	5.1%	710,098	+0.4%	$11.5M
FRDMEa Series Trust	3.4%	2.9%	153,636	+0.1%	$11.2M
RSPInvesco Exchange Traded Fd T	3.3%	3.4%	51,810	+0.4%	$11.0M
ENSEnersys	3.1%	2.7%	44,024	-0.3%	$10.3M
BILSpdr Series Trust	3.0%	4.2%	108,366	-18.1%	$9.9M
METMetlife Inc	2.8%	2.6%	107,443	+0.5%	$9.1M
FSLRFirst Solar Inc	2.6%	2.5%	36,506	+0.7%	$8.6M
VYMIVanguard Whitehall Fds	2.4%	2.6%	81,096	+1.0%	$8.0M
AMZNAmazon Com Inc	2.4%	2.4%	33,345	+2.2%	$7.9M
KMIKinder Morgan Inc Del	2.4%	2.9%	247,038	+0.6%	$7.9M
CSCOCisco Sys Inc	2.0%	2.8%	56,311	-46.9%	$6.6M
FLKRGfranklin Templeton ETF Tr	1.9%	1.3%	96,743	+0.0%	$6.4M
ETONEton Pharmaceuticals Inc	1.9%	1.5%	175,909	-0.0%	$6.4M
FLBRFranklin Templeton ETF Tr	1.8%	2.2%	270,704	+0.0%	$5.8M
LMTLockheed Martin Corp	1.7%	2.3%	10,987	+1.6%	$5.6M
KTOSKratos Defense & Security Solutions Inc	1.6%	2.6%	107,007	+1.6%	$5.3M
SBCSbc Med Group Hldgs Inc Com	1.6%	—	1,727,208	—	$5.3M
XLFSelect Sector Spdr Tr	1.6%	1.7%	98,982	+0.3%	$5.3M
PRIMPrimoris Services Corp	1.4%	2.1%	46,897	+13.0%	$4.6M
NOCNorthrop Grumman Corp	1.4%	2.1%	8,880	+0.2%	$4.5M
KRESpdr Series Trust	1.2%	1.2%	55,017	+0.6%	$4.1M
VTIVanguard Index Fds	1.2%	1.2%	11,098	+0.7%	$4.1M
MSFTMicrosoft Corp	1.2%	1.3%	10,847	+3.8%	$4.0M
QABAFirst Trust Nasdaq Aba Community Bank in	1.2%	1.2%	57,811	+0.3%	$3.9M
AMATApplied Matls Inc	1.2%	0.6%	5,350	+0.0%	$3.9M
HROWHarrow Inc	1.2%	1.1%	90,322	+2.0%	$3.8M
BRK-ABerkshire Hathaway Inc Del	1.1%	1.2%	5	+0.0%	$3.7M
EMNEastman Chem Co	1.1%	—	54,208	—	$3.6M
FLINFranklin Ftse India ETF	1.1%	1.2%	101,835	+0.2%	$3.6M
VEUVanguard Intl Equity Index F	1.1%	1.1%	42,889	+1.4%	$3.6M
AAPLApple Inc	1.0%	1.0%	11,735	+2.9%	$3.4M
RNWRenew Energy Global PLC Cl A Shs	1.0%	—	518,293	—	$3.2M
BEBloom Energy Corp	1.0%	0.6%	10,586	-14.5%	$3.2M
AMSCAmerican Superconductor Corp	0.9%	0.9%	74,139	+0.6%	$3.1M
LLYEli Lilly & Co	0.9%	0.8%	2,545	+1.0%	$3.1M
ASIXAdvansix Inc	0.9%	1.2%	146,212	+0.4%	$2.9M
ALKSAlkermes PLC	0.8%	0.6%	52,592	-0.0%	$2.8M
DNLIDenali Therapeutics Inc Com	0.8%	0.6%	98,282	+3.7%	$2.5M
EIDOIshares Tr	0.7%	1.1%	207,366	+0.7%	$2.3M
BRK-BBerkshire Hathaway Inc Del	0.7%	0.7%	4,419	+2.9%	$2.2M
SPYState Str Spdr S&p 500 ETF T	0.7%	0.7%	2,932	+0.0%	$2.2M
CLIPGlobal X Fds	0.5%	0.7%	18,058	-10.3%	$1.8M
INTCIntel Corp	0.4%	—	10,615	—	$1.5M
JPMJpmorgan Chase & Co	0.4%	0.4%	4,387	+3.6%	$1.4M
QQQInvesco Qqq Tr	0.4%	—	1,865	—	$1.4M

What Lumbard & Kellner, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

PRIM Primoris Services Corp+13.0% shares
GOOG Alphabet Inc+6.4% shares

Reduced

CSCO Cisco Sys Inc-46.9% shares
BIL Spdr Series Trust-18.1% shares
BE Bloom Energy Corp-14.5% shares
CLIP Global X Fds-10.3% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.2% /yr; S&P 500 +11.7%
3 years: +21.3% /yr; S&P 500 +22.3%
5 years: +10.0% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$329.9M	108
Q1 2026	$288.6M	99
Q4 2025	$285.5M	100
Q3 2025	$271.9M	97
Q2 2025	$229.4M	88
Q1 2025	$226.8M	82
Q4 2024	$232.7M	79
Q3 2024	$227.0M	79
Q2 2024	$211.8M	74
Q1 2024	$205.5M	70
Q4 2023	$172.8M	61
Q3 2023	$150.7M	56

Questions about Lumbard & Kellner, LLC's portfolio

What stocks does Lumbard & Kellner, LLC own?

Lumbard & Kellner, LLC's latest 13F, for Q2 2026 and filed Aug 6, 2026, lists 108 positions worth $329.9M. The largest are Alphabet Inc (GOOG) at 5.6%, Materion Corp (MTRN) at 4.7%, Hudbay Minerals Inc (HBM) at 3.7%, Goldman Sachs Group Inc (GS) at 3.7% and Spdr Series Trust (SPMD) at 3.6%.

What did Lumbard & Kellner, LLC buy last quarter?

In Q2 2026, Lumbard & Kellner, LLC added Primoris Services Corp (PRIM) (+13.0% shares) and Alphabet Inc (GOOG) (+6.4% shares), compared with its Q1 2026 filing.

What did Lumbard & Kellner, LLC sell last quarter?

In Q2 2026, Lumbard & Kellner, LLC cut from its top 50 Jabil Inc (JBL), cut from its top 50 Scorpio Tankers Inc (STNG), cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Spdr Gold Tr (GLD), cut from its top 50 St Joe Company (JOE), Cisco Sys Inc (CSCO) (-46.9% shares), Spdr Series Trust (BIL) (-18.1% shares) and Bloom Energy Corp (BE) (-14.5% shares), compared with its Q1 2026 filing.

How has Lumbard & Kellner, LLC's portfolio performed?

A portfolio copying Lumbard & Kellner, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.3% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +15.2% against +11.7%. Over 5 years: +10.0% a year against +10.6%.

When is Lumbard & Kellner, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Lumbard & Kellner, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Lumbard & Kellner, LLC manage?

Lumbard & Kellner, LLC reported $443.6M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $329.9M.