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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
(-16%)
Cap. Flow
-$22.7M
Cap. Flow
% of AUM
-15.08%
Top 10 Holdings %
Top 10 Hldgs %
48.07%
Holding
79
New
6
Increased
7
Reduced
29
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard International High Dividend Yield ETF
VYMI
|
+$6.6M |
| 2 |
New Fortress Energy
NFE
|
+$3.05M |
| 3 |
Seadrill
SDRL
|
+$2.92M |
| 4 |
Northrop Grumman
NOC
|
+$2.74M |
| 5 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$526K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$15.3M |
| 2 |
FedEx
FDX
|
+$4.79M |
| 3 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$2.35M |
| 4 |
Vanguard Total World Stock ETF
VT
|
+$638K |
| 5 |
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 | |
|---|---|---|---|---|---|---|
51
RTX Corp
RTX
$261B
| $265K | 0.18% |
3,680
+35
| +1% | +$3K |
|
52
GE Aerospace
GE
$364B
| $230K | 0.15% |
2,613
| – | – |
|
53
Camping World
CWH
$393M
| $229K | 0.15% |
11,207
| – | – |
|
54
KeyCorp
KEY
$25.4B
| $148K | 0.1% |
+13,760
| New | +$152K |
|
55
Meta Platforms (Facebook)
META
$1.64T
| $10.5K | 0.01% |
+35
| New | +$10.5K |
|
56
General Mills
GIS
$20.3B
| $8.83K | 0.01% |
+138
| New | +$9.75K |
|
|
57
SPDR Gold Trust
GLD
$130B
| – | – |
-84,325
| Closed | -$15.3M |
|
58
Johnson & Johnson
JNJ
$609B
| – | – |
-1,440
| Closed | -$241K |
|
59
NiSource
NI
$22B
| – | – |
-8,000
| Closed | -$223K |
|
60
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.5B
| – | – |
-3,692
| Closed | -$203K |
|
|
61
Vanguard Total World Stock ETF
VT
$76.6B
| – | – |
-6,345
| Closed | -$638K |
|
|
LTHM
62
DELISTED
Livent Corporation
LTHM
| – | – |
-8,349
| Closed | -$206K |
|
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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.