Lumbard Investment Counseling, LLC

RIA/Wealth

Lumbard Investment Counseling, LLC is a RIA/Wealth based in Hollis, NH led by John Ashmore Lumbard, reporting $357.2M in AUM as of Q3 2025 with 32% ETF concentration.

ManagerJohn Ashmore Lumbard

Portfolio Value: $271.9M
Positions: 96
Top Holding: BIL at 5.87%
Last Reported: Q3 2025

Address5 Hutchings Drive, Hollis, NH, 03049-0749, United States

Top Holdings

Largest long holdings in Lumbard Investment Counseling, LLC's portfolio (36.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$16.0M	5.87%	+$4.9M Bought	— 173.9K shares	Q3 2022 Held for 3y 2m
2 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$11.8M	4.35%	+$521.7K Bought	0.00% 48.6K shares	Q1 2016 Held for 9y 8m
3 SPDR Portfolio S&P 400 Mid Cap ETF SPMD	ETF ETF	$10.3M	3.79%	+$24.6K Bought	— 180.2K shares	Q4 2024 Held for 11 months
4 Goldman Sachs Group GS	Financial - Capital Markets Financial Services	$9.7M	3.57%	-$75.7K Sold	0.00% 12.2K shares	Q2 2014 Held for 11y 5m
5 Kratos Defense & Security Solutions KTOS	Aerospace & Defense Industrials	$9.7M	3.56%	+$365.5 Bought	0.06% 105.8K shares	Q4 2024 Held for 11 months
6 First Solar FSLR	Solar Energy	$9.4M	3.45%	+$3.8M Bought	0.04% 42.6K shares	Q4 2024 Held for 11 months
7 MetLife MET	Insurance - Life Financial Services	$8.8M	3.25%	—	0.02% 107.4K shares	Q4 2013 Held for 11y 11m
8 Hudbay Minerals HBM	Copper Basic Materials	$8.1M	2.98%	+$6.8K Bought	0.13% 533.6K shares	Q3 2021 Held for 4y 2m
9 Cisco Systems, Inc. CSCO	Communication Equipment Technology	$7.4M	2.71%	+$340.0K Bought	0.00% 107.6K shares	Q4 2020 Held for 4y 11m
10 Kinder Morgan KMI	Oil & Gas Midstream Energy	$7.0M	2.59%	+$269.5K Bought	0.01% 248.4K shares	Q1 2020 Held for 5y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Lumbard Investment Counseling, LLC's latest filing

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Market Value

$271.9M

Prior: $229.4M

Q/Q Change

+18.5%

+$42.4M

Net Flows % of MV

-1.89%

Turnover Ratio

11.86%

New Purchases

5 stocks

$12.5M

Added To

29 stocks

+$15.1M

Sold Out Of

2 stocks

$6.4M

Reduced Holdings

11 stocks

-$26.3M

Increased Positions

Position	Shares Δ	Change
1 HROW Harrow HROW	New	0 → 88.9K +$4.3M
2 Eton Pharmaceuticals, Inc. ETON	New	0 → 176.3K +$3.8M
3 FLIN Franklin FTSE India FLIN	New	0 → 100.0K +$3.7M
4 Intel INTC	New	0 → 10.6K +$355.6K
5 Taiwan Semiconductor Manufacturing Company TSM	New	0 → 941.0 +$262.8K

Decreased Positions

Position	Shares Δ	Change
1 XBI SPDR S&P Biotech XBI	Sold	55.1K → 0 −$4.6M
2 ePlus PLUS	Sold	25.0K → 0 −$1.8M
3 Oracle ORCL	-87.83%	31.6K → 3.8K −$7.8M
4 Bloom Energy BE	-84.12%	210.8K → 33.5K −$15.0M
5 Vanguard International High Dividend Yield VYMI	-29.41%	113.5K → 80.1K −$2.8M

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Analytics

Portfolio insights and performance metrics for Lumbard Investment Counseling, LLC

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Sector Allocation

ETF

32.00%

Industrials

14.90%

Technology

12.80%

Financial Services

10.60%

Basic Materials

6.80%

Energy

6.80%

Communication Services

4.60%

Healthcare

4.30%

Consumer Cyclical

2.40%

Real Estate

0.70%

Consumer Defensive

0.50%

Utilities

0.50%

Market Cap Distribution

Mega Cap (> $200B)

23.61%

Large Cap ($10B - $200B)

24.10%

Mid Cap ($2B - $10B)

11.51%

Small Cap ($300M - $2B)

5.58%

Micro Cap ($50M - $300M)

0.05%

N/A (ETF or Unknown)

35.15%

Portfolio Concentration

Top 10 Holdings %

36.11%

Top 20 Holdings %

58.11%

Top 50 Holdings %

91.0%

Top 100 Holdings %

100.0%