Lumbard & Kellner, LLC

Q3 2025 13F-HR Holdings

Location
Hollis, NH
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
97
Total value ($000)
$271,884
Net value change ($000)
+42,464 (18.5%)
New positions
11
Sold out positions
2
Turnover %
8.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/3/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FSLR 5,210 124.8%
BIL 4,911 44.5%
KTOS 4,754 96.7%
HROW 4,281 NEW
ETON 3,831 NEW
FLIN 3,730 NEW
GOOGL 3,595 43.6%
FLKR 2,661 NEW
PRIM 2,444 76.2%
HBM 2,433 43.0%
Top Reduces (Value $000, Stocks/ETFs)
ORCL -5,821 -84.4%
XBI -4,569 -100.0%
VYMI -2,309 -25.4%
BE -2,211 -43.9%
PLUS -1,800 -100.0%
FIVN -323 -13.2%
CLIP -132 -5.2%
PRU -96 -3.4%
SCHO -88 -7.7%
HON -75 -9.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type