Investment Update for Q3 and Q4 2022: Lumbard & Kellner, LLC’s Strategy Revealed

Lumbard & Kellner, LLC recently disclosed their Q3 and Q4 2022 investment holdings through a 13F filing. The report, which includes their top holdings, reveals interesting data about how the company's investment strategies changed during the two quarters. While some of the positions have been closed, others have been added or significantly modified, underscoring Lumbard & Kellner LLC's fluid investment strategies.

One of the major changes between Q3 and Q4 2022 can be seen in GLD, the top holding of the company. The company sold part of their holding in this ETF, indicating that they may be shifting their portfolio away from gold, likely due to market conditions. This is a significant move as it makes up more than 10% of their entire portfolio.

Another prominent change in their holdings, albeit less significant, is the company's acquisition of additional shares in MetLife. Their holding in the company increased slightly, perhaps reflecting their long-term investment strategy that favors stability.

Other notable changes were the sales of positions in some ETFs. Lumbard & Kellner, LLC sold some shares of the BlackRock Ultra Short-term Bond ETF (ICSH) and the iShares MSCI Indonesia ETF (EIDO). They also closed positions in some other ETFs altogether. This indicates that the company may be shifting their investment strategy from more conservative bonds to a more aggressive market in the current economic climate.

The company's interest in Lockheed Martin (LMT) became more substantial in Q4 as they increased their shares in the aerospace and defense company. This perhaps suggests that they are bullish on defense and military spending in the coming quarters.

Additionally, Lumbard & Kellner LLC has acquired more shares in Tyson Foods (TSN), a large protein producer. This seems to be an investment in meeting the continued demand for meat.

Overall, the filing revealed that Lumbard & Kellner, LLC continues to move with the market and make adjustments in their holdings to adapt. By analyzing the reported data on their holdings, investors can identify areas where L&K is focusing their investments, and potential market trends they may be betting on.