Ownership history in Lumbard & Kellner, LLC Β· 16 quarters on record
This page tracks every 13F SEC filing in which Lumbard & Kellner, LLC reported a position in PETROLEO BRASILEIRO S A A D R (PBR). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β sourced directly from SEC EDGAR 13F filings.
π Lumbard & Kellner, LLC outperformed the S&P 500 by +11.2% annually on this PBR position. Timing score: 23% (3/13 decisions correct). Average cost basis: $9.10. Maximum drawdown during holding period: β11.2%.
π₯ Exceptional β beat the S&P 500 by 11.2% per year on this position.
15 quarters analyzed
β οΈ Poor timing β buys often preceded drops, trims preceded rallies.
3 of 13 add/trim decisions correct
Best entry: $5.55 (2022 Q1) Β· Worst: $12.46 (2024 Q3)
π No drawdown exceeding 20% during the holding period β exceptionally stable.
8 adds Β· 6 trims. Bought during 3 of 7 down-price quarters. π More buys than sells across the holding period.
π Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 2.94% of portfolio
β Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ 4 (annualised). Not investment advice.
As of 2025 Q4 β sorted by position size