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Portfolio (Quarterly) Guide ↗

Lumbard & Kellner, LLC

· CIK 0001602476
13F Portfolio $289M AUM 99 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 6 New 25 Added 6 Reduced 7 Exited
Page 3 of 5  ·  99 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 SPY STATE STREET SPDR S&P 500 ETF Financial Services 2,932.0 $1.9M 0.66% $650.34 +14.7%
42 ALKS ALKERMES PLC SHS Healthcare 52,593.0 $1.9M 0.64% NEW $35.36 +4.1%
43 AMAT APPLIED MATLS INC COM Technology 5,350.0 $1.8M 0.63% $341.79 +26.4%
44 DNLI DENALI THERAPEUTICS INC COM Healthcare 94,782.0 $1.8M 0.63% NEW $19.20 -2.9%
45 BE BLOOM ENERGY CORP COM CL A Industrials 12,379.0 $1.7M 0.58% -5K -30.0% $135.49 +123.3%
46 STNG SCORPIO TANKERS INC SHS Energy 19,020.0 $1.4M 0.49% $74.66 +7.4%
47 XOM EXXON MOBIL CORP COM Energy 7,826.0 $1.3M 0.46% $169.66 -8.7%
48 GLD SPDR GOLD SHARES Financial Services 2,953.0 $1.3M 0.44% +64.0 +2.2% $430.29 -3.8%
49 JPM JPMORGAN CHASE & CO COM Financial Services 4,234.0 $1.2M 0.43% $294.16 +4.2%
50 JOE ST JOE CO COM Real Estate 18,187.0 $1.1M 0.40% +96.0 +0.5% $62.80 +1.6%
51 SPTM STATE STREET SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF 14,330.0 $1.1M 0.39% $79.06 +14.3%
52 WELL WELLTOWER INC COM Real Estate 5,496.0 $1.1M 0.38% $197.71 +9.3%
53 QQQ INVESCO QQQ TRUST SERIES I Financial Services 1,865.0 $1.1M 0.37% $577.18 +24.3%
54 GDX VANECK GOLD MINERS ETF 10,684.0 $980K 0.34% $91.77 -7.4%
55 VTV VANGUARD VALUE ETF 4,893.0 $960K 0.33% $196.20 +7.5%
56 UTI UNIVERSAL TECHNICAL INST INC COM Consumer Defensive 25,381.0 $916K 0.32% +1K +4.8% $36.10 +11.0%
57 EWW ISHARES MSCI MEXICO ETF 11,740.0 $883K 0.31% +311.0 +2.7% $75.23 +3.4%
58 PHYS SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR Financial Services 23,860.0 $846K 0.29% $35.44 -3.8%
59 VT VANGUARD TOTAL WORLD STOCK ETF 5,914.0 $818K 0.28% $138.32 +12.5%
60 SPDW STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF 17,381.0 $793K 0.28% $45.65 +10.0%
Page 3 of 5  ·  99 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Industrials 22.0%
Energy 18.0%
Technology 13.5%
Financial Services 13.5%
Basic Materials 12.2%
Communication Services 8.0%
Healthcare 5.9%
Consumer Cyclical 3.9%
Real Estate 1.2%
Utilities 0.9%