Instuitional Investor - Lumbard & Kellner, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Petrobras - Petroleo Brasileiro Sa	PBR	707,340	$14,677,305	5.09%
2.	Alphabet Inc.	GOOGL	48,805	$14,000,202	4.85%
3.	State Street Spdr Bloomberg 1-3 Month T-Bill Etf - ETF		132,326	$12,126,355	4.2%
4.	Hudbay Minerals Inc	HBM	519,392	$10,855,293	3.76%
5.	Spdr Series Trust		172,588	$10,220,661	3.54%