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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
+1.65%
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
$151M
AUM Growth
-$28.6M
Cap. Flow
-$22.7M
Cap. Flow %
-15.08%
Top 10 Hldgs %
48.07%
Holding
79
New
6
Increased
7
Reduced
29
Closed
23

Top Buys

Rank Stock Value
1
VYMI icon
Vanguard International High Dividend Yield ETF
VYMI
+$6.6M
2
NFE icon
New Fortress Energy
NFE
+$3.05M
3
SDRL icon
Seadrill
SDRL
+$2.92M
4
NOC icon
Northrop Grumman
NOC
+$2.74M
5
MINT icon
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
+$526K

Top Sells

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$15.3M
2
FDX icon
FedEx
FDX
+$4.79M
3
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$2.35M
4
VT icon
Vanguard Total World Stock ETF
VT
+$638K
5
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$269K

Sector Composition

Rank Sector Weight
1 Energy 21.38%
2 Financials 15.88%
3 Industrials 8.49%
4 Communication Services 7.72%
5 Technology 5.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
26
Apple
AAPL
$4.89T
$2.34M 1.55%
13,669
-251
-2% -$46K
BRK.A icon
27
Berkshire Hathaway Class A
BRK.A
$1.06T
$2.13M 1.41%
4
– –
OI icon
28
O-I Glass
OI
$1.47B
$2.07M 1.38%
123,915
-1,833
-1% -$36.9K
STNG icon
29
Scorpio Tankers
STNG
$3.88B
$1.57M 1.04%
29,080
– –
GLW icon
30
Corning
GLW
$136B
$1.5M 0.99%
49,159
– –
SPDW icon
31
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$39.6B
$1.47M 0.98%
47,554
-3,456
-7% -$112K
SPY icon
32
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$1.25M 0.83%
2,932
+20
+0.7% +$8.89K
RSP icon
33
Invesco S&P 500 Equal Weight ETF
RSP
$96.4B
$1.24M 0.82%
8,771
-139
-2% -$20.8K
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.06T
$1.09M 0.73%
3,120
-413
-12% -$147K
XOM icon
35
ExxonMobil
XOM
$605B
$1.03M 0.69%
8,794
– –
CMCSA icon
36
Comcast
CMCSA
$86.1B
$899K 0.6%
20,273
-789
-4% -$35.2K
QQQ icon
37
Invesco QQQ Trust
QQQ
$466B
$855K 0.57%
2,386
– –
AMAT icon
38
Applied Materials
AMAT
$445B
$817K 0.54%
5,900
– –
CSCO icon
39
Cisco
CSCO
$432B
$697K 0.46%
12,974
-1,581
-11% -$85.3K
HON icon
40
Honeywell
HON
$71.7B
$611K 0.41%
3,507
+47
+1% +$8.6K
VTV icon
41
Vanguard Value ETF
VTV
$186B
$566K 0.38%
4,105
– –
JOE icon
42
St. Joe Company
JOE
$3.53B
$541K 0.36%
9,961
-1,107
-10% -$63.9K
MINT icon
43
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$16.9B
$528K 0.35%
+5,270
New +$526K
MRK icon
44
Merck
MRK
$315B
$481K 0.32%
4,671
-731
-14% -$78.8K
WELL icon
45
Welltower
WELL
$170B
$450K 0.3%
5,496
– –
PEP icon
46
PepsiCo
PEP
$190B
$447K 0.3%
2,640
– –
FDX icon
47
FedEx
FDX
$75.9B
$406K 0.27%
1,533
-18,409
-92% -$4.79M
IVV icon
48
iShares Core S&P 500 ETF
IVV
$881B
$374K 0.25%
872
+182
+26% +$81.4K
PM icon
49
Philip Morris
PM
$296B
$296K 0.2%
3,200
– –
DXJ icon
50
WisdomTree Japan Hedged Equity Fund
DXJ
$7.05B
$283K 0.19%
3,206
– –
1
2
3

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WCA
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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 Q3 2023 Portfolio in Review

As of Q3 2023, Lumbard & Kellner held 79 positions worth $151M, down 16% from $179M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Lumbard & Kellner withdrew a net $22.7M in Q3 2023, closing 23 positions and reducing 29 holdings. Its most notable exit was SPDR Gold Trust, an estimated $15.3M position sold in full.

By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 15% a quarter earlier, followed by Financials and Industrials.

Against the trend, Lumbard & Kellner opened a new position in New Fortress Energy worth $3.4M.

  • Lumbard & Kellner's largest Q3 2023 buy was New Fortress Energy: 103,744 shares worth $3.4M.
  • Lumbard & Kellner added most to Vanguard International High Dividend Yield ETF in Q3 2023, an estimated $6.6M increase.
  • Lumbard & Kellner's biggest Q3 2023 reduction was FedEx, cutting an estimated $4.79M.
  • Lumbard & Kellner fully exited SPDR Gold Trust in Q3 2023, selling an estimated $15.3M.
  • Lumbard & Kellner's ten largest holdings make up 48% of its $151M portfolio in Q3 2023.
  • Lumbard & Kellner opened 6 new positions and closed 23 in Q3 2023.
  • Lumbard & Kellner's portfolio value fell 16% quarter-over-quarter to $151M.

Based on Lumbard & Kellner's 13F filing for Q3 2023, filed 14 Nov 2023.