Lumbard & Kellner, LLC recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
PO BOX 749 HOLLIS, NH 03049
As of the latest 13F report, the guru’s equity portfolio contained 64 stocks valued at a total of $166.00Mil. The top holdings were GLD(7.99%), ICSH(6.45%), and MET(4.41%).
According to GuruFocus data, these were Lumbard & Kellner, LLC’s top five trades of the quarter.
Antero Resources Corp
The guru established a new position worth 114,467 shares in NYSE:AR, giving the stock a 3.9% weight in the equity portfolio. Shares traded for an average price of $36.92 during the quarter.
On 11/15/2022, Antero Resources Corp traded for a price of $36.12 per share and a market cap of $10.84Bil. The stock has returned 87.54% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Antero Resources Corp has a price-earnings ratio of 5.86, a price-book ratio of 1.76, a EV-to-Ebitda ratio of 4.47 and a price-sales ratio of 1.39.
The price-to-GF Value ratio is 1.57, earning the stock a GF Value rank of 1.
SPDR Bloomberg 1-3 Month T-Bill ETF
The guru established a new position worth 68,129 shares in ARCA:BIL, giving the stock a 3.76% weight in the equity portfolio. Shares traded for an average price of $90.98 during the quarter.
On 11/15/2022, SPDR Bloomberg 1-3 Month T-Bill ETF traded for a price of $91.52 per share and a market cap of $25.83Bil. The stock has returned 0.86% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Vanguard Total Stock Market ETF
The guru sold out of their 18,618-share investment in ARCA:VTI. Previously, the stock had a 2.06% weight in the equity portfolio. Shares traded for an average price of $198.53 during the quarter.
On 11/15/2022, Vanguard Total Stock Market ETF traded for a price of $198.35 per share and a market cap of $268.33Bil. The stock has returned -16.72% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard Total Stock Market ETF has a price-earnings ratio of 18.23 and a price-book ratio of 3.33.
Hudbay Minerals Inc
Lumbard & Kellner, LLC reduced their investment in NYSE:HBM by 460,563 shares. The trade had a 1.1% impact on the equity portfolio. During the quarter, the stock traded for an average price of $4.
On 11/15/2022, Hudbay Minerals Inc traded for a price of $5.55 per share and a market cap of $1.45Bil. The stock has returned -24.48% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Hudbay Minerals Inc has a price-earnings ratio of 19.14, a price-book ratio of 0.92, a EV-to-Ebitda ratio of 4.53 and a price-sales ratio of 0.95.
The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 7.
Meta Platforms Inc
During the quarter, Lumbard & Kellner, LLC bought 12,155 shares of NAS:META for a total holding of 43,194. The trade had a 0.99% impact on the equity portfolio. During the quarter, the stock traded for an average price of $162.08.
On 11/15/2022, Meta Platforms Inc traded for a price of $114.22 per share and a market cap of $302.86Bil. The stock has returned -66.49% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Meta Platforms Inc has a price-earnings ratio of 10.89, a price-book ratio of 2.45, a price-earnings-to-growth (PEG) ratio of 0.41, a EV-to-Ebitda ratio of 6.53 and a price-sales ratio of 2.65.
The price-to-GF Value ratio is 0.30, earning the stock a GF Value rank of 2.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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