Excalibur Management Corp.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Excalibur Management Corp. reported 165 stock positions worth $251.5 million. Its top holding was Carlisle Cos (CSL) at 11.0% of the portfolio, followed by Apple (AAPL, 5.4%) and Microsoft (MSFT, 4.5%). Compared with Q3 2024, it opened 5 new positions, sold out of 6, added to 40 and reduced 102. The biggest buy was Alphabet Class A (GOOGL, shares +4%) and the biggest sale Carlisle Cos (CSL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WALTHAM, MA
- CIK
- 0001009003
- Portfolio Value
- $251.5M (Q4 2024)
- SEC Filing
- 0001085146-25-001015 ↗ filed Feb 12, 2025
Holdings Value
Holdings 165 stocks · $251.5M
| CSL Carlisle Cos Inc. | 11.00% | 75,030 | $27.7M | Reduce -2.3% |
| AAPL Apple Inc. | 5.43% | 54,526 | $13.7M | Reduce -1.3% |
| MSFT Microsoft Corp. | 4.53% | 27,040 | $11.4M | Reduce -7.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.90% | 21,617 | $9.8M | Reduce -1.9% |
| JPM JPMorgan Chase & Co. | 3.40% | 35,660 | $8.5M | Reduce -0.2% |
| JNJ Johnson & Johnson | 2.24% | 38,972 | $5.6M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 2.06% | 8,858 | $5.2M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 1.98% | 50,042 | $5.0M | Add +4.0% |
| PG The Procter & Gamble Co. | 1.72% | 25,763 | $4.3M | Add +0.1% |
| V Visa Inc. Class A | 1.65% | 13,138 | $4.2M | Reduce -1.0% |
| PFE Pfizer Inc. | 1.62% | 153,636 | $4.1M | Reduce -5.4% |
| VZ Verizon Communications Inc. | 1.59% | 99,796 | $4.0M | Reduce -1.5% |
| T AT&T Inc. | 1.39% | 153,075 | $3.5M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 1.38% | 18,293 | $3.5M | Add +4.5% |
| RSP Invesco S&P 500 Equal Weight | 1.34% | 19,239 | $3.4M | Add +21.9% |
| NFLX Netflix Inc. | 1.31% | 3,706 | $3.3M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 1.25% | 14,293 | $3.1M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.22% | 13,955 | $3.1M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 1.15% | 26,966 | $2.9M | Reduce -1.4% |
| CVX Chevron Corp. | 1.05% | 18,205 | $2.6M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 1.03% | 43,838 | $2.6M | Add +1.4% |
| GS Goldman Sachs Group Inc. | 1.01% | 4,454 | $2.6M | Reduce -5.0% |
| NVDA Nvidia Corp. | 0.99% | 18,529 | $2.5M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.98% | 16,209 | $2.5M | Add +1.9% |
| ABBV Abbvie Inc. | 0.97% | 13,755 | $2.4M | Reduce -0.7% |
| FDX FedEx Corp. | 0.92% | 8,232 | $2.3M | Reduce -2.2% |
| AXP American Express Co. | 0.87% | 7,354 | $2.2M | Reduce -3.7% |
| GILD Gilead Sciences Inc. | 0.85% | 23,242 | $2.1M | Reduce -0.7% |
| KMI Kinder Morgan Inc. | 0.84% | 76,789 | $2.1M | Reduce -2.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.83% | 47,527 | $2.1M | Reduce -2.1% |
| SPGI S&P Global Inc. | 0.81% | 4,081 | $2.0M | No change |
| HD Home Depot Inc. | 0.76% | 4,931 | $1.9M | Reduce -2.4% |
| CVS CVS Health Corp. | 0.75% | 41,860 | $1.9M | Reduce -4.4% |
| BMY Bristol-Myers Squibb Co. | 0.73% | 32,449 | $1.8M | Reduce -1.3% |
| KO The Coca-Cola Co. | 0.73% | 29,412 | $1.8M | Add +0.6% |
| AVGO Broadcom Inc. | 0.68% | 7,407 | $1.7M | Reduce -0.8% |
| RTX RTX Corp. | 0.67% | 14,452 | $1.7M | Reduce -5.2% |
| AMGN Amgen Inc. | 0.66% | 6,407 | $1.7M | Add +0.0% |
| ETN Eaton Corp. PLC | 0.64% | 4,873 | $1.6M | Reduce -1.7% |
| GLD SPDR Gold Shares | 0.64% | 6,646 | $1.6M | Add +2.6% |
| MS Morgan Stanley | 0.64% | 12,766 | $1.6M | Reduce -8.4% |
| ABT Abbott Laboratories | 0.63% | 13,970 | $1.6M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 0.61% | 2,620 | $1.5M | Add +4.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 2,562 | $1.5M | Add +14.6% |
| WPC WP Carey Inc. | 0.60% | 27,548 | $1.5M | Reduce -14.5% |
| UPS United Parcel Service Class B | 0.59% | 11,829 | $1.5M | Reduce -2.3% |
| ORCL Oracle Corp. | 0.59% | 8,859 | $1.5M | Reduce -2.4% |
| INDB Independent Bank Corp. | 0.58% | 22,850 | $1.5M | Reduce -4.2% |
| MA Mastercard Inc. Class A | 0.58% | 2,757 | $1.5M | Reduce -3.4% |
| COST Costco Wholesale Corp. | 0.56% | 1,531 | $1.4M | Add +6.9% |
| LMT Lockheed Martin Corp. | 0.56% | 2,886 | $1.4M | Reduce -1.9% |
| SHEL Shell PLC-ADR | 0.56% | 22,375 | $1.4M | Reduce -0.1% |
| WFC Wells Fargo & Co. | 0.54% | 19,406 | $1.4M | Reduce -1.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.54% | 2 | $1.4M | No change |
| DUK Duke Energy Corp. | 0.53% | 12,347 | $1.3M | Reduce -0.6% |
| MMM 3M Co. | 0.51% | 9,955 | $1.3M | Reduce -1.8% |
| PM Philip Morris International | 0.51% | 10,597 | $1.3M | Reduce -0.3% |
| PNW Pinnacle West Capital | 0.49% | 14,481 | $1.2M | Reduce -1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.49% | 10,136 | $1.2M | Reduce -2.3% |
| ED Consolidated Edison Inc. | 0.48% | 13,545 | $1.2M | Reduce -2.2% |
| SYK Stryker Corp. | 0.47% | 3,291 | $1.2M | Reduce -0.4% |
| QCOM Qualcomm Inc. | 0.47% | 7,698 | $1.2M | Reduce -0.4% |
| INTC Intel Corp. | 0.46% | 58,237 | $1.2M | Reduce -13.1% |
| LLY Eli Lilly & Co. | 0.45% | 1,466 | $1.1M | Add +6.4% |
| IWM iShares Russell 2000 ETF | 0.44% | 4,975 | $1.1M | Add +7.9% |
| BX Blackstone Inc. | 0.44% | 6,358 | $1.1M | Reduce -10.5% |
| UNP Union Pacific Corp. | 0.43% | 4,785 | $1.1M | Add +0.4% |
| HON Honeywell International Inc. | 0.43% | 4,784 | $1.1M | Reduce -0.2% |
| WMT Walmart Inc. | 0.42% | 11,826 | $1.1M | Add +0.1% |
| C Citigroup Inc. | 0.42% | 15,168 | $1.1M | Reduce -0.6% |
| GIS General Mills Inc. | 0.42% | 16,710 | $1.1M | Add +0.3% |
| MO Altria Group Inc. | 0.41% | 19,907 | $1.0M | Reduce -2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 9,020 | $1.0M | Add +7.1% |
| DE Deere & Co. | 0.39% | 2,314 | $980K | Add +2.2% |
| SBUX Starbucks Corp. | 0.37% | 10,217 | $932K | Add +3.4% |
| TGT Target Corp. | 0.37% | 6,804 | $920K | Reduce -1.4% |
| CARR Carrier Global Corp. | 0.36% | 13,266 | $906K | Reduce -1.6% |
| TT Trane Technologies PLC | 0.36% | 2,434 | $899K | Reduce -7.9% |
| KMB Kimberly-Clark Corp. | 0.34% | 6,485 | $850K | Add +1.0% |
| AVB Avalonbay Communities Inc. | 0.34% | 3,858 | $849K | Reduce -1.6% |
| SO The Southern Co. | 0.32% | 9,850 | $811K | Reduce -0.6% |
| D Dominion Energy Inc. | 0.32% | 14,864 | $801K | Add +0.0% |
| MCK McKesson Corp. | 0.32% | 1,404 | $800K | Reduce -1.3% |
| UL Unilever PLC | 0.31% | 13,731 | $779K | Reduce -0.1% |
| PYPL PayPal Holdings Inc. | 0.28% | 8,386 | $716K | Reduce -10.0% |
| NSC Norfolk Southern Corp. | 0.28% | 3,046 | $715K | Reduce -1.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 1,371 | $701K | Add +11.4% |
| CAT Caterpillar Inc. | 0.28% | 1,914 | $694K | Reduce -0.4% |
| EMR Emerson Electric Co. | 0.27% | 5,538 | $686K | Reduce -1.1% |
| NKE Nike Inc. Class B | 0.26% | 8,784 | $665K | Add +5.9% |
| PNC PNC Financial Services Group | 0.26% | 3,393 | $654K | Reduce -0.5% |
| NEE Nextera Energy Inc. | 0.26% | 9,043 | $648K | Add +32.4% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 3,678 | $613K | Add +5.2% |
| PULS Pgim Ultra Short Bond ETF | 0.22% | 11,189 | $554K | Add +70.1% |
| DOW Dow Inc. | 0.22% | 13,806 | $554K | Reduce -12.3% |
| GOOG Alphabet Inc. Class C | 0.21% | 2,838 | $540K | Add +0.2% |
| CMI Cummins Inc. | 0.20% | 1,450 | $505K | Reduce -1.4% |
| USB US Bancorp | 0.20% | 10,329 | $494K | Reduce -0.7% |
| DD Dupont DE Nemours Inc. | 0.19% | 6,409 | $489K | Reduce -4.0% |
| ITW Illinois Tool Works | 0.19% | 1,912 | $485K | Reduce -0.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $260K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 213 | $260K | No change |
Total filed on the 13F, all lines: $251.7M.
Portfolio Sells Q3 2024 → Q4 2024
| CSL Carlisle Cos Inc. | Reduce -2.3% | 11.00% | −2.18 |
| CVS CVS Health Corp. | Reduce -4.4% | 0.75% | −0.30 |
| MSFT Microsoft Corp. | Reduce -7.4% | 4.53% | −0.26 |
| JNJ Johnson & Johnson | Reduce -1.8% | 2.24% | −0.21 |
| PFE Pfizer Inc. | Reduce -5.4% | 1.62% | −0.17 |
| WPC WP Carey Inc. | Reduce -14.5% | 0.60% | −0.17 |
| VZ Verizon Communications Inc. | Reduce -1.5% | 1.59% | −0.15 |
| INTC Intel Corp. | Reduce -13.1% | 0.46% | −0.14 |
| DOW Dow Inc. | Reduce -12.3% | 0.22% | −0.11 |
| LMT Lockheed Martin Corp. | Reduce -1.9% | 0.56% | −0.10 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.09 |
| NEM Newmont Corp. | Reduce -11.4% | 0.17% | −0.09 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.08 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.08 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.08 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.08 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.08 |
| ABBV Abbvie Inc. | Reduce -0.7% | 0.97% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 1.15% | −0.07 |
| ED Consolidated Edison Inc. | Reduce -2.2% | 0.48% | −0.07 |
| OGN Organon & Co. | Reduce -18.1% | 0.11% | −0.06 |
| CARR Carrier Global Corp. | Reduce -1.6% | 0.36% | −0.05 |
| TGT Target Corp. | Reduce -1.4% | 0.37% | −0.04 |
| ALB Albemarle Corp. | Reduce -23.2% | 0.11% | −0.04 |
| RTX RTX Corp. | Reduce -5.2% | 0.67% | −0.04 |
| UPS United Parcel Service Class B | Reduce -2.3% | 0.59% | −0.04 |
| TT Trane Technologies PLC | Reduce -7.9% | 0.36% | −0.03 |
| DHR Danaher Corp. | Reduce -2.2% | 0.18% | −0.03 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -0.7% | 0.12% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -4.0% | 0.19% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.2% | 0.17% | −0.03 |
| B Barrick Gold Corp. | Reduce -6.3% | 0.10% | −0.03 |
| GSK GSK PLC-Spon ADR | Reduce -2.6% | 0.16% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -0.4% | 0.47% | −0.03 |
| UL Unilever PLC | Reduce -0.1% | 0.31% | −0.03 |
| CPB The Campbell's Company | Reduce -14.3% | 0.10% | −0.03 |
| ADBE Adobe Inc. | Reduce -10.7% | 0.11% | −0.03 |
| O Realty Income Corp. | Reduce -2.8% | 0.15% | −0.03 |
| CAG Conagra Brands Inc. | Reduce -1.3% | 0.16% | −0.02 |
| SO The Southern Co. | Reduce -0.6% | 0.32% | −0.02 |
| HD Home Depot Inc. | Reduce -2.4% | 0.76% | −0.02 |
| MMM 3M Co. | Reduce -1.8% | 0.51% | −0.02 |
| DUK Duke Energy Corp. | Reduce -0.6% | 0.53% | −0.02 |
| PSA Public Storage | Reduce -1.2% | 0.10% | −0.02 |
| PSX Phillips 66 | Reduce -0.4% | 0.15% | −0.02 |
| CNI Canadian Natl Railway Co. | Reduce -1.9% | 0.13% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -0.2% | 0.17% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -2.3% | 0.13% | −0.01 |
| CAT Caterpillar Inc. | Reduce -0.4% | 0.28% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -1.0% | 0.09% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOGL Alphabet Inc. Class A | Add +4.5% | 1.38% | +0.27 |
| RSP Invesco S&P 500 Equal Weight | Add +21.9% | 1.34% | +0.26 |
| BLK BlackRock Inc. | New | 0.18% | +0.18 |
| CSCO Cisco Systems Inc. | Add +1.4% | 1.03% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +14.6% | 0.60% | +0.11 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.10% | +0.10 |
| PULS Pgim Ultra Short Bond ETF | Add +70.1% | 0.22% | +0.10 |
| DIS The Walt Disney Co. | Add +7.1% | 0.40% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.09% | +0.09 |
| XLF SS Financial Select Sector | New | 0.08% | +0.08 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.08% | +0.08 |
| COST Costco Wholesale Corp. | Add +6.9% | 0.56% | +0.07 |
| WMT Walmart Inc. | Add +0.1% | 0.42% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +4.0% | 0.61% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.4% | 0.28% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +7.9% | 0.44% | +0.05 |
| GLD SPDR Gold Shares | Add +2.6% | 0.64% | +0.04 |
| NEE Nextera Energy Inc. | Add +32.4% | 0.26% | +0.04 |
| GEV GE Vernova Inc. | Add +5.1% | 0.12% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +0.2% | 0.21% | +0.03 |
| DE Deere & Co. | Add +2.2% | 0.39% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +12.6% | 0.17% | +0.02 |
| ABT Abbott Laboratories | Add +0.4% | 0.63% | +0.02 |
| PG The Procter & Gamble Co. | Add +0.1% | 1.72% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +2.1% | 0.16% | +0.01 |
| IXN iShares Global Tech ETF | Add +2.0% | 0.16% | +0.01 |
| SBUX Starbucks Corp. | Add +3.4% | 0.37% | +0.00 |
| CB Chubb Ltd. | Add +0.2% | 0.09% | 0.00 |
| MCD McDonald's Corp. | Add +0.2% | 0.19% | −0.00 |
| NOC Northrop Grumman Corp. | Add +1.4% | 0.10% | −0.01 |
| GE General Electric | Add +5.2% | 0.24% | −0.01 |
| AEP American Electric Power | Add +0.6% | 0.14% | −0.01 |
| D Dominion Energy Inc. | Add +0.0% | 0.32% | −0.01 |
| MDT Medtronic PLC | Add +0.0% | 0.12% | −0.01 |
| KMB Kimberly-Clark Corp. | Add +1.0% | 0.34% | −0.01 |
| UNP Union Pacific Corp. | Add +0.4% | 0.43% | −0.01 |
| NKE Nike Inc. Class B | Add +5.9% | 0.26% | −0.02 |
| LLY Eli Lilly & Co. | Add +6.4% | 0.45% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Add +0.7% | 0.15% | −0.03 |
| AMD Advanced Micro Devices | Add +1.3% | 0.11% | −0.03 |
| GIS General Mills Inc. | Add +0.3% | 0.42% | −0.05 |
| PEP Pepsico Inc. | Add +1.9% | 0.98% | −0.05 |
| KO The Coca-Cola Co. | Add +0.6% | 0.73% | −0.07 |
| MRK Merck & Co. Inc. | Add +4.0% | 1.98% | −0.11 |
| AMGN Amgen Inc. | Add +0.0% | 0.66% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 174 | $303.3M | CSL, AAPL, BRK.B, JPM, MSFT |
| Q1 2026 | 159 | $278.3M | CSL, AAPL, BRK.B, JPM, MSFT |
| Q4 2025 | 160 | $277.1M | CSL, AAPL, MSFT, BRK.B, JPM |
| Q3 2025 | 165 | $275.3M | CSL, AAPL, MSFT, BRK.B, JPM |
| Q2 2025 | 164 | $266.3M | CSL, MSFT, AAPL, BRK.B, JPM |
| Q1 2025 | 166 | $254.1M | CSL, AAPL, BRK.B, MSFT, JPM |
| Q4 2024 | 165 | $251.5M | CSL, AAPL, MSFT, BRK.B, JPM |
| Q3 2024 | 166 | $262.0M | CSL, AAPL, MSFT, BRK.B, JPM |
| Q2 2024 | 162 | $244.9M | CSL, MSFT, AAPL, BRK.B, JPM |
| Q1 2024 | 160 | $236.0M | CSL, MSFT, AAPL, BRK.B, JPM |