  Experimental studies have found unusual transport properties in
Ce$_3$Bi$_4$Pd$_3$ which are potentially a consequence of the interplay between
band-structure topology and electronic correlations. Based on these
measurements, the existence of Weyl points in strongly renormalized, flat
quasiparticle bands has been postulated. However, so far, there has been
neither a direct spectroscopic observation of these, nor a calculation from
first principles that would confirm their existence close to the Fermi energy.
Here, we present density functional theory (DFT) and dynamical mean field
theory (DMFT) calculations and study the low-energy excitations and their
topological properties. We find that the Kondo effect promotes two out of the
six angular momentum $J=5/2$ states, with the other four pushed to higher
energies. Further, we find Weyl nodes close to the Fermi energy as previously
suggested for explaining the observed giant spontaneous Hall effect in
Ce$_3$Bi$_4$Pd$_3$, as well as nodal lines.
