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LK

Lumbard & Kellner Portfolio holdings

AUM $289M
1-Year Est. Return 59.5%
This Fund
S&P 500
This Quarter Est. Return
+2.96%
1 Year Est. Return
+59.5%
3 Year Est. Return
+104.56%
5 Year Est. Return
+138.29%
10 Year Est. Return
+362.85%
AUM
$179M
AUM Growth
-$19.5M
Cap. Flow
-$28.7M
Cap. Flow %
-16%
Top 10 Hldgs %
44.69%
Holding
95
New
6
Increased
7
Reduced
28
Closed
22

Top Buys

Rank Stock Value
1
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$2.23M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$1.99M
3
PBR icon
Petrobras
PBR
+$1.88M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$803K
5
RTX icon
RTX Corp
RTX
+$357K

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$3.74M
2
AR icon
Antero Resources
AR
+$2.64M
3
NSC icon
Norfolk Southern
NSC
+$2.27M
4
SDRL icon
Seadrill
SDRL
+$1.99M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$993K

Sector Composition

Rank Sector Weight
1 Energy 14.6%
2 Financials 13.83%
3 Industrials 8.8%
4 Communication Services 6.71%
5 Technology 5.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
26
Apple
AAPL
$4.89T
$2.71M 1.51%
13,920
-1,666
-11% -$290K
LLY icon
27
Eli Lilly
LLY
$1.04T
$2.51M 1.4%
5,519
– –
BRK.A icon
28
Berkshire Hathaway Class A
BRK.A
$1.06T
$2.07M 1.16%
+4
New +$1.99M
GLW icon
29
Corning
GLW
$136B
$1.67M 0.93%
49,159
-2,636
-5% -$86.7K
SPDW icon
30
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$39.6B
$1.66M 0.93%
51,010
-166
-0.3% -$5.42K
STNG icon
31
Scorpio Tankers
STNG
$3.88B
$1.37M 0.76%
29,080
-400
-1% -$19.8K
RSP icon
32
Invesco S&P 500 Equal Weight ETF
RSP
$96.4B
$1.36M 0.76%
8,910
+150
+2% +$21.6K
SPY icon
33
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$1.31M 0.73%
2,912
-142
-5% -$59.6K
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.06T
$1.2M 0.67%
3,533
– –
XOM icon
35
ExxonMobil
XOM
$605B
$943K 0.53%
8,794
– –
QQQ icon
36
Invesco QQQ Trust
QQQ
$466B
$915K 0.51%
+2,386
New +$803K
CMCSA icon
37
Comcast
CMCSA
$86.1B
$909K 0.51%
21,062
-90
-0.4% -$3.58K
AMAT icon
38
Applied Materials
AMAT
$445B
$894K 0.5%
5,900
– –
CSCO icon
39
Cisco
CSCO
$432B
$753K 0.42%
14,555
+39
+0.3% +$1.92K
VT icon
40
Vanguard Total World Stock ETF
VT
$76.6B
$638K 0.36%
6,345
-555
-8% -$52K
HON icon
41
Honeywell
HON
$71.7B
$633K 0.35%
3,460
– –
VTV icon
42
Vanguard Value ETF
VTV
$186B
$603K 0.34%
4,105
– –
MRK icon
43
Merck
MRK
$315B
$582K 0.32%
5,402
– –
JOE icon
44
St. Joe Company
JOE
$3.53B
$535K 0.3%
11,068
– –
PEP icon
45
PepsiCo
PEP
$190B
$495K 0.28%
2,640
-46
-2% -$8.58K
WELL icon
46
Welltower
WELL
$170B
$445K 0.25%
5,496
– –
RTX icon
47
RTX Corp
RTX
$262B
$346K 0.19%
+3,645
New +$357K
CWH icon
48
Camping World
CWH
$415M
$337K 0.19%
11,207
– –
PM icon
49
Philip Morris
PM
$296B
$319K 0.18%
3,200
-300
-9% -$28.7K
IVV icon
50
iShares Core S&P 500 ETF
IVV
$881B
$308K 0.17%
690
-431
-38% -$182K
1
2
3

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PSA
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RIA
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NWWA
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GIM
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CAM
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WI
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Lumbard & Kellner's Q2 2023 Portfolio in Review

As of Q2 2023, Lumbard & Kellner held 95 positions worth $179M, down 9.8% from $199M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Lumbard & Kellner withdrew a net $28.7M in Q2 2023, closing 22 positions and reducing 28 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $3.74M position sold in full.

By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 13% a quarter earlier, followed by Financials and Industrials.

Against the trend, Lumbard & Kellner opened a new position in Berkshire Hathaway Class A worth $2.07M.

  • Lumbard & Kellner's largest Q2 2023 buy was Berkshire Hathaway Class A: 4 shares worth $2.07M.
  • Lumbard & Kellner added most to State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q2 2023, an estimated $2.23M increase.
  • Lumbard & Kellner's biggest Q2 2023 reduction was Alphabet (Google) Class C, cutting an estimated $993K.
  • Lumbard & Kellner fully exited Meta Platforms (Facebook) in Q2 2023, selling an estimated $3.74M.
  • Lumbard & Kellner's ten largest holdings make up 45% of its $179M portfolio in Q2 2023.
  • Lumbard & Kellner opened 6 new positions and closed 22 in Q2 2023.
  • Lumbard & Kellner's portfolio value fell 9.8% quarter-over-quarter to $179M.

Based on Lumbard & Kellner's 13F filing for Q2 2023, filed 4 Aug 2023.