# EDGAR Filing Document

**Accession Number:** 0001602476
**File Stem:** 0001602476-26-000002
**Filing Date:** 2026-5
**Character Count:** 13962
**Document Hash:** 4dec419c6aea74d0291fa6565b05ef4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001602476-26-000002.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001602476-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lumbard & Kellner, LLC
- **CENTRAL INDEX KEY:** 0001602476

**ORGANIZATION NAME:**
- **EIN:** 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:** 26986087

**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:** 03-31-2026

**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  05-15-2026<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:** 99

**Form 13F Information Table Value Total:** $288563607

      (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 |
| ADOBE INC COM | Stock | 00724F101 |  | 399867 | 1645 | SH |  | SOLE |  | 1645 | 0 | 0 |
| ADVANSIX INC COM | Stock | 00773T101 |  | 3554934 | 145694 | SH |  | SOLE |  | 145694 | 0 | 0 |
| ALKERMES PLC SHS | Stock | G01767105 |  | 1859688 | 52593 | SH |  | SOLE |  | 52593 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 14000202 | 48805 | SH |  | SOLE |  | 48805 | 0 | 0 |
| AMAZON COM INC COM | Stock | 023135106 |  | 6795225 | 32627 | SH |  | SOLE |  | 32627 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 263158 | 870 | SH |  | SOLE |  | 870 | 0 | 0 |
| AMERICAN SUPERCONDUCTOR CORP SHS NEW | Stock | 030111207 |  | 2493696 | 73669 | SH |  | SOLE |  | 73669 | 0 | 0 |
| AMPHENOL CORP CL A | Stock | 032095101 |  | 252700 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 2895490 | 11409 | SH |  | SOLE |  | 11409 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 1828577 | 5350 | SH |  | SOLE |  | 5350 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 3590700 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 2058164 | 4295 | SH |  | SOLE |  | 4295 | 0 | 0 |
| BLOOM ENERGY CORP COM CL A | Stock | 093712107 |  | 1677231 | 12379 | SH |  | SOLE |  | 12379 | 0 | 0 |
| CIENA CORP COM NEW | Stock | 171779309 |  | 483346 | 1245 | SH |  | SOLE |  | 1245 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 8220816 | 105952 | SH |  | SOLE |  | 105952 | 0 | 0 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 313312 | 10913 | SH |  | SOLE |  | 10913 | 0 | 0 |
| DENALI THERAPEUTICS INC COM | Stock | 24823R105 |  | 1819814 | 94782 | SH |  | SOLE |  | 94782 | 0 | 0 |
| DOVER CORP COM | Stock | 260003108 |  | 226168 | 1085 | SH |  | SOLE |  | 1085 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 2317820 | 2520 | SH |  | SOLE |  | 2520 | 0 | 0 |
| ENERSYS COM | Stock | 29275Y102 |  | 7674428 | 44177 | SH |  | SOLE |  | 44177 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L P COM | Stock | 293792107 |  | 208120 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| ETON PHARMACEUTICALS INC COM | Stock | 29772L108 |  | 4341483 | 175911 | SH |  | SOLE |  | 175911 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 1327759 | 7826 | SH |  | SOLE |  | 7826 | 0 | 0 |
| FIRST SOLAR INC COM | Stock | 336433107 |  | 7152648 | 36260 | SH |  | SOLE |  | 36260 | 0 | 0 |
| FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND | ETF | 33736Q104 |  | 3355623 | 57613 | SH |  | SOLE |  | 57613 | 0 | 0 |
| FIRSTENERGY CORP COM | Stock | 337932107 |  | 480510 | 9485 | SH |  | SOLE |  | 9485 | 0 | 0 |
| FRANKLIN FTSE BRAZIL ETF | ETF | 35473P835 |  | 6464586 | 270598 | SH |  | SOLE |  | 270598 | 0 | 0 |
| FRANKLIN FTSE INDIA ETF | ETF | 35473P769 |  | 3376281 | 101634 | SH |  | SOLE |  | 101634 | 0 | 0 |
| FRANKLIN FTSE SOUTH KOREA ETF | ETF | 35473P710 |  | 3855987 | 96714 | SH |  | SOLE |  | 96714 | 0 | 0 |
| FREEDOM 100 EMERGING MARKETS ETF | ETF | 02072L607 |  | 8389158 | 153507 | SH |  | SOLE |  | 153507 | 0 | 0 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 562716 | 1983 | SH |  | SOLE |  | 1983 | 0 | 0 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 451289 | 517 | SH |  | SOLE |  | 517 | 0 | 0 |
| GILEAD SCIENCES INC COM | Stock | 375558103 |  | 273165 | 1960 | SH |  | SOLE |  | 1960 | 0 | 0 |
| GLOBAL X 1-3 MONTH T-BILL ETF | ETF | 37960A438 |  | 2021068 | 20138 | SH |  | SOLE |  | 20138 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 10086739 | 11923 | SH |  | SOLE |  | 11923 | 0 | 0 |
| GREEN PLAINS INC COM | Stock | 393222104 |  | 434477 | 26412 | SH |  | SOLE |  | 26412 | 0 | 0 |
| HARROW INC COM | Stock | 415858109 |  | 3122590 | 88559 | SH |  | SOLE |  | 88559 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 275610 | 838 | SH |  | SOLE |  | 838 | 0 | 0 |
| HONEYWELL INTL INC COM | Stock | 438516106 |  | 761269 | 3368 | SH |  | SOLE |  | 3368 | 0 | 0 |
| HUDBAY MINERALS INC COM | Stock | 443628102 |  | 10855293 | 519392 | SH |  | SOLE |  | 519392 | 0 | 0 |
| INTEL CORP COM | Stock | 458140100 |  | 468440 | 10615 | SH |  | SOLE |  | 10615 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 230271 | 950 | SH |  | SOLE |  | 950 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 1076441 | 1865 | SH |  | SOLE |  | 1865 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 9899426 | 51581 | SH |  | SOLE |  | 51581 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 666274 | 1020 | SH |  | SOLE |  | 1020 | 0 | 0 |
| ISHARES MSCI INDONESIA ETF | ETF | 46429B309 |  | 3252345 | 205975 | SH |  | SOLE |  | 205975 | 0 | 0 |
| ISHARES MSCI MEXICO ETF | ETF | 464286822 |  | 883200 | 11740 | SH |  | SOLE |  | 11740 | 0 | 0 |
| JABIL INC COM | Stock | 466313103 |  | 5137019 | 19339 | SH |  | SOLE |  | 19339 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 351994 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| JPMORGAN BETABUILDERS CANADA ETF | ETF | 46641Q225 |  | 790951 | 8409 | SH |  | SOLE |  | 8409 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 1245473 | 4234 | SH |  | SOLE |  | 4234 | 0 | 0 |
| KEYCORP COM | Stock | 493267108 |  | 230575 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| KINDER MORGAN INC DEL COM | Stock | 49456B101 |  | 8231984 | 245511 | SH |  | SOLE |  | 245511 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIONS COM NEW | Stock | 50077B207 |  | 7428087 | 105348 | SH |  | SOLE |  | 105348 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 6536478 | 10815 | SH |  | SOLE |  | 10815 | 0 | 0 |
| MATERION CORP COM | Stock | 576690101 |  | 7461192 | 51581 | SH |  | SOLE |  | 51581 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 561875 | 4671 | SH |  | SOLE |  | 4671 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 267757 | 468 | SH |  | SOLE |  | 468 | 0 | 0 |
| METLIFE INC COM | Stock | 59156R108 |  | 7561595 | 106923 | SH |  | SOLE |  | 106923 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 3868647 | 10451 | SH |  | SOLE |  | 10451 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 283470 | 3052 | SH |  | SOLE |  | 3052 | 0 | 0 |
| NISOURCE INC COM | Stock | 65473P105 |  | 373280 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 6044646 | 8860 | SH |  | SOLE |  | 8860 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 555340 | 3775 | SH |  | SOLE |  | 3775 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 409966 | 2640 | SH |  | SOLE |  | 2640 | 0 | 0 |
| PETROLEO BRASILEIRO S A SPONSORED ADR | ADR | 71654V408 |  | 14677305 | 707340 | SH |  | SOLE |  | 707340 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 314146 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| POLYPID LTD COM | Stock | M8001Q126 |  | 167316 | 38200 | SH |  | SOLE |  | 38200 | 0 | 0 |
| PRIMORIS SVCS CORP COM | Stock | 74164F103 |  | 5936160 | 41500 | SH |  | SOLE |  | 41500 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 720289 | 3734 | SH |  | SOLE |  | 3734 | 0 | 0 |
| SBC MED GROUP HLDGS INC COM | Stock | 73245B107 |  | 72201 | 17273 | SH |  | SOLE |  | 17273 | 0 | 0 |
| SCHWAB SHORT-TERM US TREASURY ETF | ETF | 808524862 |  | 449738 | 18530 | SH |  | SOLE |  | 18530 | 0 | 0 |
| SCORPIO TANKERS INC SHS | Stock | Y7542C130 |  | 1420033 | 19020 | SH |  | SOLE |  | 19020 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 1270646 | 2953 | SH |  | SOLE |  | 2953 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD TR | CEF | 85207H104 |  | 845598 | 23860 | SH |  | SOLE |  | 23860 | 0 | 0 |
| ST JOE CO COM | Stock | 790148100 |  | 1142144 | 18187 | SH |  | SOLE |  | 18187 | 0 | 0 |
| STATE STREET ENERGY SELECT SECTOR SPDR ETF | ETF | 81369Y506 |  | 680599 | 11110 | SH |  | SOLE |  | 11110 | 0 | 0 |
| STATE STREET FINANCIAL SELECT SECTOR SPDR ETF | ETF | 81369Y605 |  | 4872029 | 98684 | SH |  | SOLE |  | 98684 | 0 | 0 |
| STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 12126355 | 132326 | SH |  | SOLE |  | 132326 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 793443 | 17381 | SH |  | SOLE |  | 17381 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO S 1500 COMPOSITE STOCK MARKET ETF | ETF | 78464A805 |  | 1132930 | 14330 | SH |  | SOLE |  | 14330 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO S 400 MID CAP ETF | ETF | 78464A847 |  | 10220661 | 172588 | SH |  | SOLE |  | 172588 | 0 | 0 |
| STATE STREET SPDR S 500 ETF | ETF | 78462F103 |  | 1906797 | 2932 | SH |  | SOLE |  | 2932 | 0 | 0 |
| STATE STREET SPDR S MIDCAP 400 ETF TRUST | ETF | 78467Y107 |  | 222034 | 360 | SH |  | SOLE |  | 360 | 0 | 0 |
| STATE STREET SPDR S REGIONAL BANKING ETF | ETF | 78464A698 |  | 3564617 | 54714 | SH |  | SOLE |  | 54714 | 0 | 0 |
| STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | ETF | 81369Y803 |  | 683106 | 5140 | SH |  | SOLE |  | 5140 | 0 | 0 |
| STATE STREET UTILITIES SELECT SECTOR SPDR ETF | ETF | 81369Y886 |  | 601526 | 13108 | SH |  | SOLE |  | 13108 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS | ADR | 874039100 |  | 318011 | 941 | SH |  | SOLE |  | 941 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 570404 | 2108 | SH |  | SOLE |  | 2108 | 0 | 0 |
| UNIVERSAL TECHNICAL INST INC COM | Stock | 913915104 |  | 916254 | 25381 | SH |  | SOLE |  | 25381 | 0 | 0 |
| VANECK GOLD MINERS ETF | ETF | 92189F106 |  | 980471 | 10684 | SH |  | SOLE |  | 10684 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US INDEX FUND | ETF | 922042775 |  | 3176880 | 42302 | SH |  | SOLE |  | 42302 | 0 | 0 |
| VANGUARD GROWTH ETF | ETF | 922908736 |  | 262074 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | ETF | 921946794 |  | 7563137 | 80254 | SH |  | SOLE |  | 80254 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 3535326 | 11020 | SH |  | SOLE |  | 11020 | 0 | 0 |
| VANGUARD TOTAL WORLD STOCK ETF | ETF | 922042742 |  | 818024 | 5914 | SH |  | SOLE |  | 5914 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 960007 | 4893 | SH |  | SOLE |  | 4893 | 0 | 0 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 218301 | 950 | SH |  | SOLE |  | 950 | 0 | 0 |
| WELLTOWER INC COM | REIT | 95040Q104 |  | 1086614 | 5496 | SH |  | SOLE |  | 5496 | 0 | 0 |

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