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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 4 of 5  ·  99 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 BBCA JPMORGAN BETABUILDERS CANADA ETF 8,409.0 $791K 0.27% +84.0 +1.0% $94.06 +6.9%
62 HON HONEYWELL INTL INC COM Industrials 3,368.0 $761K 0.26% $226.03 +0.8%
63 RTX RTX CORPORATION COM Industrials 3,734.0 $720K 0.25% $192.90 -8.2%
64 XLK STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF 5,140.0 $683K 0.24% $132.90 +35.7%
65 XLE STATE STREET ENERGY SELECT SECTOR SPDR ETF 11,110.0 $681K 0.24% +252.0 +2.3% $61.26 -2.9%
66 IVV ISHARES CORE S&P 500 ETF 1,020.0 $666K 0.23% $653.21 +14.7%
67 XLU STATE STREET UTILITIES SELECT SECTOR SPDR ETF 13,108.0 $602K 0.21% +74.0 +0.6% $45.89 -1.2%
68 UNH UNITEDHEALTH GROUP INC COM Healthcare 2,108.0 $570K 0.20% $270.59 +43.6%
69 GE GE AEROSPACE COM NEW Industrials 1,983.0 $563K 0.20% $283.77 +6.7%
70 MRK MERCK & CO INC COM Healthcare 4,671.0 $562K 0.20% $120.29 +1.8%
71 ORCL ORACLE CORP COM Technology 3,775.0 $555K 0.19% -53.0 -1.4% $147.11 +30.6%
72 CIEN CIENA CORP COM NEW Technology 1,245.0 $483K 0.17% $388.23 +50.4%
73 FE FIRSTENERGY CORP COM Utilities 9,485.0 $481K 0.17% $50.66 -8.6%
74 INTC INTEL CORP COM Technology 10,615.0 $468K 0.16% $44.13 +171.6%
75 GEV GE VERNOVA INC COM Utilities 517.0 $451K 0.16% $872.90 +19.0%
76 SCHO SCHWAB SHORT-TERM US TREASURY ETF 18,530.0 $450K 0.16% -16K -47.0% $24.27 -0.6%
77 GPRE GREEN PLAINS INC COM Basic Materials 26,412.0 $434K 0.15% -433K -94.2% $16.45 -6.0%
78 PEP PEPSICO INC COM Consumer Defensive 2,640.0 $410K 0.14% $155.29 -3.0%
79 ADBE ADOBE INC COM Technology 1,645.0 $400K 0.14% +18.0 +1.1% $243.08 +0.7%
80 NI NISOURCE INC COM Utilities 8,000.0 $373K 0.13% $46.66 +2.6%
Page 4 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%