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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
GLD icon
1
SPDR Gold Trust
GLD
$130B
$15.3M 8.56%
84,325
+1,720
+2% +$316K
BIL icon
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$11.6M 6.49%
126,632
+24,388
+24% +$2.23M
VYMI icon
3
Vanguard International High Dividend Yield ETF
VYMI
$20.1B
$7.68M 4.28%
116,816
+2,062
+2% +$131K
MET icon
4
MetLife
MET
$60.5B
$7.47M 4.17%
119,633
-1,085
-0.9% -$60.2K
KMI icon
5
Kinder Morgan
KMI
$71.9B
$6.87M 3.83%
389,244
+3,397
+0.9% +$57.7K
PBR icon
6
Petrobras
PBR
$116B
$6.45M 3.6%
443,041
+154,367
+53% +$1.88M
LMT icon
7
Lockheed Martin
LMT
$117B
$6.42M 3.58%
14,333
-521
-4% -$242K
PRU icon
8
Prudential Financial
PRU
$41.4B
$6.33M 3.53%
66,184
-960
-1% -$80.3K
GOOG icon
9
Alphabet (Google) Class C
GOOG
$4.22T
$6.16M 3.44%
46,300
-8,575
-16% -$993K
VAL icon
10
Valaris
VAL
$5.3B
$5.77M 3.22%
77,149
– –
FLBR icon
11
Franklin FTSE Brazil ETF
FLBR
$532M
$5.56M 3.1%
276,547
– –
FDX icon
12
FedEx
FDX
$74.7B
$5.35M 2.98%
19,942
-505
-2% -$116K
EIDO icon
13
iShares MSCI Indonesia ETF
EIDO
$473M
$5.18M 2.89%
220,883
-746
-0.3% -$17.7K
T icon
14
AT&T
T
$152B
$4.96M 2.77%
313,307
-7,510
-2% -$128K
GS icon
15
Goldman Sachs
GS
$314B
$4.79M 2.67%
13,462
-220
-2% -$72.3K
GLNG icon
16
Golar LNG
GLNG
$5.05B
$4.78M 2.67%
201,999
– –
TSN icon
17
Tyson Foods
TSN
$20.3B
$3.87M 2.16%
69,493
-2,895
-4% -$158K
VTI icon
18
Vanguard Total Stock Market ETF
VTI
$658B
$3.76M 2.1%
16,488
-1,580
-9% -$330K
HBM icon
19
Hudbay
HBM
$9.04B
$3.59M 2%
619,942
-10,949
-2% -$53.5K
MSFT icon
20
Microsoft
MSFT
$2.93T
$3.34M 1.87%
9,844
-122
-1% -$38.2K
FCX icon
21
Freeport-McMoran
FCX
$83.9B
$2.99M 1.67%
68,244
-8,995
-12% -$343K
BHF icon
22
Brighthouse Financial
BHF
$3.77B
$2.92M 1.63%
56,108
-12,368
-18% -$533K
OI icon
23
O-I Glass
OI
$1.4B
$2.84M 1.58%
125,748
– –
NOC icon
24
Northrop Grumman
NOC
$74.1B
$2.8M 1.56%
6,292
-24
-0.4% -$10.9K
VEU icon
25
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
$2.79M 1.56%
51,280
-293
-0.6% -$15.9K
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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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.