1y return+40.3%S&P 500 +20.9%
3y return+81.5%S&P 500 +68.5%
5y return+75.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2021: $176 against $174 in the S&P 500.2
Lumbard & Kellner, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GOOGAlphabet Inc Cap Stk Cl C | $18.3M | 5.6% | +6.4% |
| MTRNMaterion Corp Com | $15.3M | 4.6% | |
| HBMHudbay Minerals Inc Com | $12.3M | 3.7% | |
| GSGoldman Sachs Group Inc Com | $12.2M | 3.7% | +1.1% |
| SPMDState Street Spdr Portfolio S&p 400 Mid Cap Etf | $11.8M | 3.6% | |
| PBRPetroleo Brasileiro S A Sponsored Adr | $11.5M | 3.5% | |
| FRDMFreedom 100 Emerging Markets Etf | $11.2M | 3.4% | |
| RSPInvesco S&p 500 Equal Weight Etf | $11.0M | 3.3% | |
| ENSEnersys Com | $10.3M | 3.1% | |
| BILState Street Spdr Bloomberg 1-3 Month T-bill Etf | $9.9M | 3.0% | −18.1% |
| METMetlife Inc Com | $9.1M | 2.8% | |
| FSLRFirst Solar Inc Com | $8.6M | 2.6% | |
| VYMIVanguard International High Dividend Yield Etf | $8.0M | 2.4% | +1.0% |
| AMZNAmazon Com Inc Com | $7.9M | 2.4% | +2.2% |
| KMIKinder Morgan Inc Del Com | $7.9M | 2.4% | |
| CSCOCisco Sys Inc Com | $6.6M | 2.0% | −46.9% |
| FLKRFranklin Ftse South Korea Etf | $6.4M | 1.9% | |
| ETONEton Pharmaceuticals Inc Com | $6.4M | 1.9% | |
| FLBRFranklin Ftse Brazil Etf | $5.8M | 1.8% | |
| LMTLockheed Martin Corp Com | $5.6M | 1.7% | +1.6% |
| KTOSKratos Defense & Sec Solutions Com New | $5.3M | 1.6% | +1.6% |
| SBCSbc Med Group Hldgs Inc Com | $5.3M | 1.6% | +9899.5% |
| XLFState Street Financial Select Sector Spdr Etf | $5.3M | 1.6% | |
| PRIMPrimoris Svcs Corp Com | $4.6M | 1.4% | +13.0% |
| NOCNorthrop Grumman Corp Com | $4.5M | 1.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMATApplied Matls Inc Com | June 30, 2020 | +1096.1% | $3.9M |
| LLYEli Lilly & Co Com | June 30, 2020 | +630.6% | $3.1M |
| GSGoldman Sachs Group Inc Com | June 30, 2020 | +411.8% | $12.2M |
| GOOGAlphabet Inc Cap Stk Cl C | June 30, 2020 | +399.9% | $18.3M |
| HBMHudbay Minerals Inc Com | September 30, 2021 | +278.9% | $12.3M |
| MTRNMaterion Corp Com | June 30, 2025 | +274.7% | $15.3M |
| AAPLApple Inc Com | June 30, 2020 | +217.3% | $3.4M |
| ENSEnersys Com | June 30, 2025 | +172.6% | $10.3M |
| CSCOCisco Sys Inc Com | December 31, 2020 | +162.5% | $6.6M |
| KMIKinder Morgan Inc Del Com | September 30, 2020 | +159.3% | $7.9M |
Sold off last quarter
- JBLJabil Inc Com was $5.1M
- Exxon Mobil Corp ComCUSIP 30231G102 was $1.3M
- Honeywell Intl Inc ComCUSIP 438516106 was $761K
- SCHOSchwab Short-term Us Treasury Etf was $450K
- GPREGreen Plains Inc Com was $434K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.1% | +14.8% |
| March 31, 2026 | +4.4% | −4.6% |
| December 31, 2025 | +4.2% | +2.4% |
| September 30, 2025 | +14.0% | +7.8% |
| June 30, 2025 | +13.2% | +10.5% |
| March 31, 2025 | −5.3% | −4.6% |
| December 31, 2024 | +1.7% | +2.1% |
| September 30, 2024 | +5.8% | +5.4% |
| June 30, 2024 | −0.2% | +4.0% |
| March 31, 2024 | +5.2% | +10.0% |
| December 31, 2023 | +6.8% | +11.2% |
| September 30, 2023 | +0.1% | −3.6% |
| June 30, 2023 | +2.6% | +8.3% |
| March 31, 2023 | +2.6% | +7.0% |
| December 31, 2022 | +6.9% | +7.1% |
| September 30, 2022 | −7.1% | −5.3% |
| June 30, 2022 | −12.1% | −16.5% |
| March 31, 2022 | +2.1% | −4.9% |
| December 31, 2021 | +6.7% | +10.7% |
| September 30, 2021 | −3.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Lumbard & Kellner, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1602476&type=13F-HR&dateb=&owner=include&count=40CIK 1602476
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1602476/000160247626000003/Filed August 6, 2026 · accession 0001602476-26-000003