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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

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

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

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
VYMI icon
1
Vanguard International High Dividend Yield ETF
VYMI
$20.1B
$13.7M 9.06%
220,672
+103,856
+89% +$6.6M
BIL icon
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$9.27M 6.15%
100,952
-25,680
-20% -$2.35M
MET icon
3
MetLife
MET
$60.5B
$7.39M 4.9%
117,454
-2,179
-2% -$136K
PBR icon
4
Petrobras
PBR
$116B
$6.51M 4.32%
434,245
-8,796
-2% -$125K
KMI icon
5
Kinder Morgan
KMI
$71.9B
$6.37M 4.23%
384,117
-5,127
-1% -$88.4K
PRU icon
6
Prudential Financial
PRU
$41.4B
$6.17M 4.09%
64,992
-1,192
-2% -$113K
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.22T
$6.11M 4.05%
46,340
+40
+0.1% +$5.2K
LMT icon
8
Lockheed Martin
LMT
$117B
$5.77M 3.83%
14,098
-235
-2% -$104K
VAL icon
9
Valaris
VAL
$5.3B
$5.7M 3.78%
76,033
-1,116
-1% -$82K
NOC icon
10
Northrop Grumman
NOC
$74.1B
$5.52M 3.66%
12,539
+6,247
+99% +$2.74M
FLBR icon
11
Franklin FTSE Brazil ETF
FLBR
$532M
$4.98M 3.31%
270,878
-5,669
-2% -$108K
EIDO icon
12
iShares MSCI Indonesia ETF
EIDO
$473M
$4.88M 3.24%
219,083
-1,800
-0.8% -$41.5K
GLNG icon
13
Golar LNG
GLNG
$5.05B
$4.82M 3.2%
198,713
-3,286
-2% -$75.7K
T icon
14
AT&T
T
$152B
$4.62M 3.07%
307,626
-5,681
-2% -$83.3K
GS icon
15
Goldman Sachs
GS
$314B
$4.31M 2.86%
13,322
-140
-1% -$46.8K
TSN icon
16
Tyson Foods
TSN
$20.3B
$3.48M 2.31%
68,948
-545
-0.8% -$29K
VTI icon
17
Vanguard Total Stock Market ETF
VTI
$658B
$3.48M 2.31%
16,381
-107
-0.6% -$23.7K
NFE icon
18
New Fortress Energy
NFE
$102M
$3.4M 2.26%
+103,744
New +$3.05M
MSFT icon
19
Microsoft
MSFT
$2.93T
$3.1M 2.05%
9,805
-39
-0.4% -$12.9K
HBM icon
20
Hudbay
HBM
$9.04B
$2.97M 1.97%
609,124
-10,818
-2% -$54.8K
LLY icon
21
Eli Lilly
LLY
$1.05T
$2.96M 1.97%
5,519
– –
SDRL icon
22
Seadrill
SDRL
$2.7B
$2.81M 1.87%
+62,818
New +$2.92M
BHF icon
23
Brighthouse Financial
BHF
$3.77B
$2.71M 1.8%
55,348
-760
-1% -$37.8K
FCX icon
24
Freeport-McMoran
FCX
$83.9B
$2.49M 1.65%
66,803
-1,441
-2% -$58.1K
VEU icon
25
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
$2.4M 1.59%
46,309
-4,971
-10% -$269K
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 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.