Lumbard & Kellner 13F annual report
Lumbard & Kellner is an investment fund managing more than $212 billion ran by Drew Kellner. There are currently 74 companies in Mr. Kellner’s portfolio. The largest investments include Oracle Corp Com and Alphabet Inc Cap Stk Cl C, together worth $17.9 billion.
$212 billion Assets Under Management (AUM)
As of 2nd August 2024, Lumbard & Kellner’s top holding is 67,453 shares of Oracle Corp Com currently worth over $9.52 billion and making up 4.5% of the portfolio value.
In addition, the fund holds 45,699 shares of Alphabet Inc Cap Stk Cl C worth $8.38 billion.
The third-largest holding is Vanguard International High Dividend Yield Etf worth $8.11 billion and the next is Goldman Sachs worth $8.11 billion, with 17,930 shares owned.
Currently, Lumbard & Kellner's portfolio is worth at least $212 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Lumbard & Kellner
The Lumbard & Kellner office and employees reside in Hollis, New Hampshire. According to the last 13-F report filed with the SEC, Drew Kellner serves as the CCO at Lumbard & Kellner.
Recent trades
In the most recent 13F filing, Lumbard & Kellner revealed that it had opened a new position in
Oracle Corp Com and bought 67,453 shares worth $9.52 billion.
The investment fund also strengthened its position in Cisco Sys Inc Com by buying
1,011 additional shares.
This makes their stake in Cisco Sys Inc Com total 105,076 shares worth $4.99 billion.
On the other hand, there are companies that Lumbard & Kellner is getting rid of from its portfolio.
Lumbard & Kellner closed its position in Tyson Foods on 9th August 2024.
It sold the previously owned 67,137 shares for $3.94 billion.
Drew Kellner also disclosed a decreased stake in Alphabet Inc Cap Stk Cl C by approximately 0.1%.
This leaves the value of the investment at $8.38 billion and 45,699 shares.
One of the smallest hedge funds
The two most similar investment funds to Lumbard & Kellner are Cvs Health Corp and Archon Capital Management. They manage $212 billion and $212 billion respectively.
Drew Kellner investment strategy
Lumbard & Kellner’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Finance — making up 8.8% of
the total portfolio value.
The fund focuses on investments in the United States as
21.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
14% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $208 billion.
The complete list of Lumbard & Kellner trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Oracle Corp Com |
Opened
67,453
|
$9,524,364,000 | 4.50% |
| Alphabet Inc Cap Stk Cl C |
1.15%
45,699
|
$8,382,111,000 | 3.96% |
| Vanguard International High Dividend Yield Etf |
0.35%
118,356
|
$8,110,937,000 | 3.83% |
| Goldman Sachs Group, Inc. |
1.27%
17,930
|
$8,110,098,000 | 3.83% |
| MetLife, Inc. |
1.25%
115,308
|
$8,093,469,000 | 3.82% |
| Kinder Morgan Inc Del Com |
1.30%
378,191
|
$7,514,655,000 | 3.55% |
| Invesco Sp 500 Equal Weight Etf |
0.92%
43,260
|
$7,106,753,000 | 3.36% |
| Lockheed Martin Corp Com |
1.65%
14,077
|
$6,575,367,000 | 3.11% |
| Petroleo Brasileiro Sa Petrobr Sponsored Adr |
0.88%
430,542
|
$6,238,554,000 | 2.95% |
| Valaris Ltd |
0.74%
77,268
|
$5,756,466,000 | 2.72% |
| Ishares Msci China A Etf |
0.84%
222,216
|
$5,628,731,000 | 2.66% |
| Spdr Bloomberg 1-3 Month T-bill Etf |
2.67%
60,619
|
$5,563,612,000 | 2.63% |
| Northrop Grumman Corp Com |
0.81%
12,556
|
$5,473,788,000 | 2.58% |
| Southern Co Com |
0.63%
65,983
|
$5,118,301,000 | 2.42% |
| Cisco Sys Inc Com |
0.97%
105,076
|
$4,992,161,000 | 2.36% |
| New Fortress Energy LLC |
31.25%
224,820
|
$4,941,544,000 | 2.33% |
| Spdr Sp Biotech Etf |
0.30%
51,912
|
$4,812,762,000 | 2.27% |
| Green Plains Inc |
Opened
295,400
|
$4,685,044,000 | 2.21% |
| Franklin Ftse South Korea Etf |
1.42%
208,575
|
$4,561,535,000 | 2.15% |
| Franklin Ftse Brazil Etf |
0.33%
269,105
|
$4,472,525,000 | 2.11% |
| Vanguard Total Stock Market Etf |
1.33%
15,965
|
$4,270,797,000 | 2.02% |
| Microsoft Corp Com |
2.36%
9,452
|
$4,224,571,000 | 2.00% |
| Tyson Foods, Inc. |
Closed
67,137
|
$3,942,956,000 | |
| Ishares Msci Indonesia Etf |
2.38%
201,292
|
$3,878,897,000 | 1.83% |
| Wolverine World Wide, Inc. |
0.73%
284,321
|
$3,844,020,000 | 1.82% |
| Hudbay Minerals Inc. |
37.47%
399,835
|
$3,618,507,000 | 1.71% |
| Seadrill 2021 Ltd Com |
1.00%
64,261
|
$3,309,442,000 | 1.56% |
| Apple Inc |
13.76%
15,235
|
$3,208,796,000 | 1.52% |
| Prudential Finl Inc Com |
57.51%
27,272
|
$3,196,006,000 | 1.51% |
| Pfizer Inc. |
8.02%
113,901
|
$3,186,950,000 | 1.51% |
| Doubleverify Hldgs Inc Com |
Opened
163,569
|
$3,184,688,000 | 1.50% |
| Ciena Corp Com New |
0.94%
65,799
|
$3,170,196,000 | 1.50% |
| Under Armour Inc |
0.42%
461,791
|
$3,080,146,000 | 1.45% |
| Bloom Energy Corp Com Cl A |
Opened
246,663
|
$3,019,155,000 | 1.43% |
| Eli Lilly Co Com |
14.47%
3,280
|
$2,969,646,000 | 1.40% |
| Vanguard Ftse All-world Ex-us Index Fund |
4.85%
49,541
|
$2,905,084,000 | 1.37% |
| Freedom 100 Emerging Markets Etf |
0.69%
80,446
|
$2,841,353,000 | 1.34% |
| Brighthouse Finl Inc Com |
Closed
53,192
|
$2,741,516,000 | |
| O-I Glass Inc |
2.08%
225,624
|
$2,511,195,000 | 1.19% |
| Firstenergy Corp Com |
0.65%
65,580
|
$2,509,747,000 | 1.19% |
| Berkshire Hathaway Inc. |
No change
4
|
$2,448,964,000 | 1.16% |
| ePlus Inc |
0.87%
31,589
|
$2,327,478,000 | 1.10% |
| Scorpio Tankers Inc Shs |
No change
28,520
|
$2,318,391,000 | 1.09% |
| Ppl Corp Com |
0.68%
83,669
|
$2,313,448,000 | 1.09% |
| Corning, Inc. |
Closed
49,101
|
$1,618,369,000 | |
| Spdr Sp 500 Etf Trust |
No change
2,932
|
$1,595,653,000 | 0.75% |
| M D C Hldgs Inc Com |
Closed
22,173
|
$1,394,903,000 | |
| Applied Matls Inc Com |
No change
5,900
|
$1,392,341,000 | 0.66% |
| Berkshire Hathaway Inc Del Cl B New |
1.26%
3,135
|
$1,275,318,000 | 0.60% |
| Unitedhealth Group Inc |
Opened
2,000
|
$1,018,520,000 | 0.48% |
| Invesco Qqq Trust Series I |
No change
2,115
|
$1,013,318,000 | 0.48% |
| Exxon Mobil Corp Com |
No change
8,494
|
$977,829,000 | 0.46% |
| Spdr Portfolio Developed World Ex-us Etf |
3.18%
22,248
|
$780,460,000 | 0.37% |
| Comcast Corp New Cl A |
0.36%
19,260
|
$754,222,000 | 0.36% |
| Vanguard Total World Stock Etf |
No change
6,295
|
$709,006,000 | 0.33% |
| Honeywell Intl Inc Com |
No change
3,304
|
$705,536,000 | 0.33% |
| St Joe Co Com |
3.65%
10,906
|
$596,558,000 | 0.28% |
| Merck Co Inc Com |
No change
4,671
|
$578,270,000 | 0.27% |
| Welltower Inc. |
No change
5,496
|
$572,958,000 | 0.27% |
| Vanguard Value Etf |
No change
3,565
|
$571,862,000 | 0.27% |
| Fedex Corp Com |
No change
1,533
|
$459,655,000 | 0.22% |
| Ishares Core Sp 500 Etf |
3.56%
812
|
$444,351,000 | 0.21% |
| Pepsico Inc Com |
No change
2,640
|
$435,415,000 | 0.21% |
| Procter And Gamble Co Com |
Opened
2,504
|
$412,960,000 | 0.20% |
| Technology Select Sector Spdr Fund |
Opened
1,669
|
$377,578,000 | 0.18% |
| Rtx Corporation Com |
No change
3,645
|
$365,922,000 | 0.17% |
| Wisdomtree Japan Hedged Equity Fund |
No change
3,206
|
$361,701,000 | 0.17% |
| Ge Aerospace Com New |
No change
2,085
|
$331,452,000 | 0.16% |
| Camping World Holdings Inc |
Closed
11,107
|
$309,330,000 | |
| Amazon.com Inc. |
Opened
1,235
|
$238,664,000 | 0.11% |
| NiSource Inc |
No change
8,000
|
$230,480,000 | 0.11% |
| General Mtrs Co Com |
Opened
4,950
|
$229,977,000 | 0.11% |
| Spdr Portfolio Sp 1500 Composite Stock Market Etf |
8.40%
3,382
|
$224,396,000 | 0.11% |
| Freeport-McMoRan Inc |
No change
4,563
|
$221,762,000 | 0.10% |
| Johnson Johnson Com |
No change
1,440
|
$210,470,000 | 0.10% |
| Waste Mgmt Inc Del Com |
No change
950
|
$202,673,000 | 0.10% |
| American Express Co Com |
Opened
870
|
$201,449,000 | 0.10% |
| Spdr Sp Midcap 400 Etf Trust |
Closed
360
|
$200,304,000 | |
| Keycorp Com |
No change
13,760
|
$195,530,000 | 0.09% |
| Arcadium Lithium Plc Com Shs |
No change
20,327
|
$68,299,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 80 holdings | |||
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