# EDGAR Filing Document

**Accession Number:** 0001602476
**File Stem:** 0001602476-23-000001
**Filing Date:** 2023-2
**Character Count:** 13669
**Document Hash:** 57e1271e05bd918d090457e8cb9153ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001602476-23-000001.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001602476-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lumbard & Kellner, LLC
- **CENTRAL INDEX KEY:** 0001602476
- **IRS NUMBER:** 020438289
- **STATE OF INCORPORATION:** NH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16104
- **FILM NUMBER:** 23629825

**BUSINESS ADDRESS:**
- **STREET 1:** 5 HUTCHINGS DRIVE
- **CITY:** HOLLIS
- **STATE:** NH
- **ZIP:** 03049
- **BUSINESS PHONE:** 603-465-7700

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 749
- **CITY:** HOLLIS
- **STATE:** NH
- **ZIP:** 03049

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lumbard Investment Counseling, LLC
- **DATE OF NAME CHANGE:** 20140312

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Lumbard  Kellner LLC<br>**Address:** PO BOX 749<br>HOLLIS, NH 03049

**Form 13F File Number:** 028-16104

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Drew Kellner<br>**Title:** CCO<br>**Phone:** 6034657700

**Signature, Place, and Date of Signing:**

Drew Kellner  Hollis, NH  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 89

**Form 13F Information Table Value Total:** $204218104

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AT INC COM | Stock | 00206R102 |  | 5890316 | 319952 | SH |  | SOLE |  | 319952 | 0 | 0 |
| ABBOTT LABORATORIES | COMMON STOCK | 002824100 |  | 43916 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| ALLFIRST PFD CAP   4.19031  7/15/29 | CORPORATE BONDS AND NOTES | 01852FAC7 |  | 703223 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| ALPHABET INC CL C | COMMON STOCK | 02079K107 |  | 4850425 | 54665 | SH |  | SOLE |  | 54665 | 0 | 0 |
| AMERIS BANCORP LW    3.875 10/01/30 | CORPORATE BONDS AND NOTES | 03076KAC2 |  | 1798119 | 1984000 | SH |  | SOLE |  | 1984000 | 0 | 0 |
| ANTERO RESOURCES CORP COM | Stock | 03674X106 |  | 3542901 | 114324 | SH |  | SOLE |  | 114324 | 0 | 0 |
| APPLE INC COM | COMMON STOCK | 037833100 |  | 2009497 | 15466 | SH |  | SOLE |  | 15466 | 0 | 0 |
| APPLIED MATERIALS INC | COMMON STOCK | 038222105 |  | 574542 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| BARNESVILLE GA WTR   3.175  9/01/46 | MUNI BDS-FIXED TAXABLE | 067869GX9 |  | 172685 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 1874844 | 4 | SH |  | SOLE |  | 4 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 1091344 | 3533 | SH |  | SOLE |  | 3533 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COMMON STOCK | 10922N103 |  | 3492820 | 68126 | SH |  | SOLE |  | 68126 | 0 | 0 |
| CAMPING WORLD HLDGS INC CL A | Stock | 13462K109 |  | 250140 | 11207 | SH |  | SOLE |  | 11207 | 0 | 0 |
| JPMORGAN CHASE CO  3.28229  2/01/27 | CORPORATE BONDS AND NOTES | 161480AB4 |  | 186204 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 689684 | 2477 | SH |  | SOLE |  | 2477 | 0 | 0 |
| CITIGROUP INC      3.54686  8/25/36 | CORPORATE BONDS AND NOTES | 172967DS7 |  | 3459342 | 4404000 | SH |  | SOLE |  | 4404000 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 736538 | 21029 | SH |  | SOLE |  | 21029 | 0 | 0 |
| CORNING INC | COMMON STOCK | 219350105 |  | 1656345 | 51858 | SH |  | SOLE |  | 51858 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC COM | Stock | 25862V105 |  | 353249 | 16086 | SH |  | SOLE |  | 16086 | 0 | 0 |
| EXXON MOBIL CORP | COMMON STOCK | 30231G102 |  | 969978 | 8794 | SH |  | SOLE |  | 8794 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 1902696 | 15811 | SH |  | SOLE |  | 15811 | 0 | 0 |
| FEDEX CORP COM | Stock | 31428X106 |  | 3544538 | 20465 | SH |  | SOLE |  | 20465 | 0 | 0 |
| JPMORGAN CHASE CO    3.330  2/01/27 | CORPORATE BONDS AND NOTES | 31945HAB1 |  | 602778 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| FIRST CITIZENS       5.800  6/15/70 | CORPORATE BONDS AND NOTES | 31959XAA1 |  | 3426883 | 3431000 | SH |  | SOLE |  | 3431000 | 0 | 0 |
| FIRST MD CAP II      2.136  2/01/27 | CORPORATE BONDS AND NOTES | 32082CAC1 |  | 602728 | 652000 | SH |  | SOLE |  | 652000 | 0 | 0 |
| FRANKLIN FTSE BRAZIL ETF | ETF | 35473P835 |  | 4794024 | 278237 | SH |  | SOLE |  | 278237 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | Stock | 35671D857 |  | 5023790 | 132205 | SH |  | SOLE |  | 132205 | 0 | 0 |
| GMS INC COM | Stock | 36251C103 |  | 4302920 | 86402 | SH |  | SOLE |  | 86402 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COMMON STOCK | 38141G104 |  | 4699842 | 13687 | SH |  | SOLE |  | 13687 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | COMMON STOCK | 438516106 |  | 698832 | 3261 | SH |  | SOLE |  | 3261 | 0 | 0 |
| HUDBAY MINERALS INC COM | Stock | 443628102 |  | 1204485 | 237571 | SH |  | SOLE |  | 237571 | 0 | 0 |
| INVESCO QQQ TRUST ETF | CLOSED END MUTUAL FUND EQUITY | 46090E103 |  | 635344 | 2386 | SH |  | SOLE |  | 2386 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 1362498 | 9646 | SH |  | SOLE |  | 9646 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 434926 | 1132 | SH |  | SOLE |  | 1132 | 0 | 0 |
| ISHARES MSCI INDONESIA ETF | CLOSED END MUTUAL FUND EQUITY | 46429B309 |  | 4964490 | 221728 | SH |  | SOLE |  | 221728 | 0 | 0 |
| BLACKROCK ULTRA SHORT TERM BOND ETF | CLOSED END MUTUAL FUND FIXED | 46434V878 |  | 10641707 | 212664 | SH |  | SOLE |  | 212664 | 0 | 0 |
| JOHNSON JOHNSON | COMMON STOCK | 478160104 |  | 254376 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| JP MORGAN CHASE MTN 2.1992  4/30/24 | CORPORATE BONDS AND NOTES | 48126N6A0 |  | 846548 | 881000 | SH |  | SOLE |  | 881000 | 0 | 0 |
| KEYCORP | COMMON STOCK | 493267108 |  | 239699 | 13760 | SH |  | SOLE |  | 13760 | 0 | 0 |
| KEYCORP CAPITAL 1  4.48286  7/01/28 | CORPORATE BONDS AND NOTES | 49326MAA3 |  | 650406 | 722000 | SH |  | SOLE |  | 722000 | 0 | 0 |
| KIMBERLY CLARK CORP | COMMON STOCK | 494368103 |  | 203625 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 6955503 | 384707 | SH |  | SOLE |  | 384707 | 0 | 0 |
| KOHLS CORPORATION    4.250  7/17/25 | CORPORATE BONDS AND NOTES | 500255AU8 |  | 46875 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ELI LILLY CO | COMMON STOCK | 532457108 |  | 2019071 | 5519 | SH |  | SOLE |  | 5519 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 7277404 | 14959 | SH |  | SOLE |  | 14959 | 0 | 0 |
| M D C HLDGS INC COM | Stock | 552676108 |  | 3296860 | 104331 | SH |  | SOLE |  | 104331 | 0 | 0 |
| MATTHEWS INDIA FUND INSTITUTIONAL | MUTUAL FUNDS - EQUITY | 577130768 |  | 2922844 | 129674 | SH |  | SOLE |  | 129674 | 0 | 0 |
| MELLON CAPITAL IV  4.13029 12/20/67 | CORPORATE BONDS AND NOTES | 58551TAA5 |  | 1816621 | 2256000 | SH |  | SOLE |  | 2256000 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 590587 | 5323 | SH |  | SOLE |  | 5323 | 0 | 0 |
| BANK OF AMER MTN   3.73214 12/01/26 | CORPORATE BONDS AND NOTES | 5901886X1 |  | 4487830 | 4706000 | SH |  | SOLE |  | 4706000 | 0 | 0 |
| METLIFE INC COM | Stock | 59156R108 |  | 8701335 | 120234 | SH |  | SOLE |  | 120234 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 2375657 | 9906 | SH |  | SOLE |  | 9906 | 0 | 0 |
| NISOURCE INC | COMMON STOCK | 65473P105 |  | 219360 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| NORTHROP GRUMMAN CORPORATION | COMMON STOCK | 666807102 |  | 3477718 | 6374 | SH |  | SOLE |  | 6374 | 0 | 0 |
| O-I GLASS INC COM | Stock | 67098H104 |  | 2083644 | 125748 | SH |  | SOLE |  | 125748 | 0 | 0 |
| PG CORP COM | Stock | 69331C108 |  | 422809 | 26003 | SH |  | SOLE |  | 26003 | 0 | 0 |
| PEPSICO INC | COMMON STOCK | 713448108 |  | 476942 | 2640 | SH |  | SOLE |  | 2640 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR | ADR | 71654V408 |  | 3086839 | 289844 | SH |  | SOLE |  | 289844 | 0 | 0 |
| PHILIP MORRIS INTL | COMMON STOCK | 718172109 |  | 354235 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| PIMCO ENHANCED SHORT MATURITY ACTIVE ETF | ETF | 72201R833 |  | 588053 | 5961 | SH |  | SOLE |  | 5961 | 0 | 0 |
| PRUDENTIAL FINL INC COM | Stock | 744320102 |  | 6705494 | 67419 | SH |  | SOLE |  | 67419 | 0 | 0 |
| PRUDENTIAL FINANCIAL 5.625  6/15/43 | CORPORATE BONDS AND NOTES | 744320AM4 |  | 736875 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | Stock | 75513E101 |  | 364422 | 3611 | SH |  | SOLE |  | 3611 | 0 | 0 |
| SPDR S 500 ETF TRUST | ETF | 78462F103 |  | 1167941 | 3054 | SH |  | SOLE |  | 3054 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 14145940 | 83388 | SH |  | SOLE |  | 83388 | 0 | 0 |
| SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 1501691 | 50579 | SH |  | SOLE |  | 50579 | 0 | 0 |
| SPDR PORTFOLIO S 1500 COMPOSITE STOCK MARKET ETF | ETF | 78464A805 |  | 174595 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 8436187 | 92229 | SH |  | SOLE |  | 92229 | 0 | 0 |
| ST JOE CO COM | Stock | 790148100 |  | 427778 | 11068 | SH |  | SOLE |  | 11068 | 0 | 0 |
| STATE STREET CORP  4.29257  6/15/37 | CORPORATE BONDS AND NOTES | 857477AY9 |  | 23011 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| SUNTRUST CAPITAL     3.580  5/15/27 | CORPORATE BONDS AND NOTES | 86787XAA3 |  | 2246394 | 2424000 | SH |  | SOLE |  | 2424000 | 0 | 0 |
| SUNTRUST CAPITAL   3.94257  3/15/28 | CORPORATE BONDS AND NOTES | 86788LAA8 |  | 2081538 | 2299000 | SH |  | SOLE |  | 2299000 | 0 | 0 |
| TAKEDA PHARMACEUTICAL SP A D R | FOREIGN COMMON STOCK | 874060205 |  | 1961606 | 125744 | SH |  | SOLE |  | 125744 | 0 | 0 |
| TYSON FOODS INC CL A | COMMON STOCK | 902494103 |  | 4601396 | 73918 | SH |  | SOLE |  | 73918 | 0 | 0 |
| UNITED FINANCIAL     5.750 10/01/24 | CORPORATE BONDS AND NOTES | 910304AA2 |  | 1812104 | 1842000 | SH |  | SOLE |  | 1842000 | 0 | 0 |
| US BANK CAPITAL IX 3.57778  4/15/49 | CORPORATE BONDS AND NOTES | 91731KAA8 |  | 1031625 | 1310000 | SH |  | SOLE |  | 1310000 | 0 | 0 |
| VALLEY NATL BANCORP  3.000 6/15/31 | CORPORATE BONDS AND NOTES | 919794AE7 |  | 2184355 | 2484000 | SH |  | SOLE |  | 2484000 | 0 | 0 |
| VANGUARD TOTAL WORLD STOCK INDEX ETF | CLOSED END MUTUAL FUND EQUITY | 922042742 |  | 598590 | 6945 | SH |  | SOLE |  | 6945 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | ETF | 922042775 |  | 2522493 | 50309 | SH |  | SOLE |  | 50309 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKETS ETF | CLOSED END MUTUAL FUND EQUITY | 922042858 |  | 10174 | 261 | SH |  | SOLE |  | 261 | 0 | 0 |
| VANGUARD 500 INDEX ADMIRAL | MUTUAL FUNDS - EQUITY | 922908710 |  | 273394 | 772 | SH |  | SOLE |  | 772 | 0 | 0 |
| VANGUARD VALUE INDEX FUND ETF | CLOSED END MUTUAL FUND EQUITY | 922908744 |  | 576219 | 4105 | SH |  | SOLE |  | 4105 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 3516558 | 18393 | SH |  | SOLE |  | 18393 | 0 | 0 |
| WARNER BROS DISCOVERY INC COM SER A | Stock | 934423104 |  | 593846 | 62642 | SH |  | SOLE |  | 62642 | 0 | 0 |
| WELLTOWER INC COM | REIT | 95040Q104 |  | 360263 | 5496 | SH |  | SOLE |  | 5496 | 0 | 0 |
| WISDOMTREE JAPAN HEDGED EQUITY FUND | ETF | 97717W851 |  | 206114 | 3206 | SH |  | SOLE |  | 3206 | 0 | 0 |
| GOLAR LNG LTD SHS | Stock | G9456A100 |  | 4612787 | 202404 | SH |  | SOLE |  | 202404 | 0 | 0 |
| SCORPIO TANKERS INC | FOREIGN COMMON STOCK | Y7542C130 |  | 4761280 | 88549 | SH |  | SOLE |  | 88549 | 0 | 0 |

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