Lumbard & Kellner, LLC

Q4 2025 13F-HR Holdings

Location
Hollis, NH
Holdings as of
12/31/2025
Date filed
2/3/2026
Form type
13F-HR
Num holdings
100
Total value ($000)
$285,534
Net value change ($000)
+13,650 (5.0%)
New positions
5
Sold out positions
2
Turnover %
3.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
RSP 4,404 82.8%
PATH 3,677 NEW
GOOGL 3,314 28.0%
ASIX 2,511 NEW
HBM 2,221 27.5%
PBR 1,953 30.4%
ENS 1,446 28.7%
FRDM 1,000 14.6%
CSCO 792 10.8%
LLY 785 40.8%
Top Reduces (Value $000, Stocks/ETFs)
AMSC -2,254 -52.4%
FIVN -2,131 -100.0%
BIL -1,893 -11.9%
KTOS -1,736 -18.0%
BE -1,294 -45.7%
ETON -873 -22.8%
PRIM -521 -9.2%
SPMD -443 -4.3%
MET -425 -4.8%
AMD -392 -7.5%
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