Excalibur Management Corp.

Name: EXCALIBUR MANAGEMENT CORP 13F holdings, Q1 2025
Creator: EXCALIBUR MANAGEMENT CORP
Published: 2025-05-08

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Excalibur Management Corp. reported 166 stock positions worth $254.1 million. Its top holding was Carlisle Cos (CSL) at 10.0% of the portfolio, followed by Apple (AAPL, 5.6%) and Berkshire Hathaway Class B (BRK.B, 4.7%). Compared with Q4 2024, it opened 4 new positions, sold out of 3, added to 47 and reduced 90. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +3%) and the biggest sale Carlisle Cos (CSL, shares −1%).

Most Recent 13F: Q2 2026
Location: WALTHAM, MA
CIK: 0001009003
Portfolio Value: $254.1M (Q1 2025)
SEC Filing: 0001085146-25-002765 ↗ filed May 8, 2025

Holdings Value

Holdings 166 stocks · $254.1M


CSL Carlisle Cos Inc.	9.97%	74,411	$25.3M	Reduce -0.8%
AAPL Apple Inc.	5.56%	63,577	$14.1M	Add +16.6%
BRK.B Berkshire Hathaway Inc. Class B	4.69%	22,367	$11.9M	Add +3.5%
MSFT Microsoft Corp.	3.97%	26,904	$10.1M	Reduce -0.5%
JPM JPMorgan Chase & Co.	3.42%	35,396	$8.7M	Reduce -0.7%
JNJ Johnson & Johnson	2.53%	38,788	$6.4M	Reduce -0.5%
META Meta Platforms Inc. Class A	1.93%	8,511	$4.9M	Reduce -3.9%
V Visa Inc. Class A	1.80%	13,067	$4.6M	Reduce -0.5%
VZ Verizon Communications Inc.	1.79%	100,254	$4.5M	Add +0.5%
MRK Merck & Co. Inc.	1.78%	50,427	$4.5M	Add +0.8%
T AT&T Inc.	1.69%	152,131	$4.3M	Reduce -0.6%
PG The Procter & Gamble Co.	1.68%	25,094	$4.3M	Reduce -2.6%
PFE Pfizer Inc.	1.51%	151,279	$3.8M	Reduce -1.5%
RSP Invesco S&P 500 Equal Weight	1.50%	22,014	$3.8M	Add +14.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	1.35%	13,839	$3.4M	Reduce -0.8%
XOM Exxon Mobil Corp.	1.25%	26,770	$3.2M	Reduce -0.7%
NFLX Netflix Inc.	1.24%	3,379	$3.2M	Reduce -8.8%
CVX Chevron Corp.	1.19%	18,095	$3.0M	Reduce -0.6%
ABBV Abbvie Inc.	1.13%	13,736	$2.9M	Reduce -0.1%
GOOGL Alphabet Inc. Class A	1.12%	18,462	$2.9M	Add +0.9%
CVS CVS Health Corp.	1.12%	41,990	$2.8M	Add +0.3%
CSCO Cisco Systems Inc.	1.07%	44,225	$2.7M	Add +0.9%
AMZN Amazon.com Inc.	1.06%	14,133	$2.7M	Reduce -1.1%
GILD Gilead Sciences Inc.	1.01%	22,901	$2.6M	Reduce -1.5%
PEP Pepsico Inc.	0.97%	16,498	$2.5M	Add +1.8%
GS Goldman Sachs Group Inc.	0.95%	4,415	$2.4M	Reduce -0.9%
KO The Coca-Cola Co.	0.87%	30,734	$2.2M	Add +4.5%
KMI Kinder Morgan Inc.	0.86%	76,164	$2.2M	Reduce -0.8%
SPGI S&P Global Inc.	0.82%	4,081	$2.1M	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.79%	48,175	$2.0M	Add +1.4%
FDX FedEx Corp.	0.79%	8,217	$2.0M	Reduce -0.2%
AMGN Amgen Inc.	0.79%	6,407	$2.0M	No change
BMY Bristol-Myers Squibb Co.	0.79%	32,722	$2.0M	Add +0.8%
GLD SPDR Gold Shares	0.78%	6,887	$2.0M	Add +3.6%
AXP American Express Co.	0.76%	7,210	$1.9M	Reduce -2.0%
NVDA Nvidia Corp.	0.75%	17,549	$1.9M	Reduce -5.3%
RTX RTX Corp.	0.75%	14,358	$1.9M	Reduce -0.7%
ABT Abbott Laboratories	0.72%	13,780	$1.8M	Reduce -1.4%
HD Home Depot Inc.	0.72%	4,986	$1.8M	Add +1.1%
WPC WP Carey Inc.	0.68%	27,551	$1.7M	Add +0.0%
PM Philip Morris International	0.65%	10,422	$1.7M	Reduce -1.6%
SHEL Shell PLC-ADR	0.64%	22,356	$1.6M	Reduce -0.1%
MA Mastercard Inc. Class A	0.59%	2,731	$1.5M	Reduce -0.9%
DUK Duke Energy Corp.	0.59%	12,241	$1.5M	Reduce -0.9%
ED Consolidated Edison Inc.	0.58%	13,429	$1.5M	Reduce -0.9%
IVV iShares Core S&P 500 ETF	0.58%	2,621	$1.5M	Add +0.0%
MS Morgan Stanley	0.58%	12,527	$1.5M	Reduce -1.9%
MMM 3M Co.	0.57%	9,926	$1.5M	Reduce -0.3%
COST Costco Wholesale Corp.	0.57%	1,533	$1.5M	Add +0.1%
INDB Independent Bank Corp.	0.56%	22,850	$1.4M	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.56%	2,545	$1.4M	Reduce -0.7%
PNW Pinnacle West Capital	0.54%	14,453	$1.4M	Reduce -0.2%
UPS United Parcel Service Class B	0.53%	12,211	$1.3M	Add +3.2%
WFC Wells Fargo & Co.	0.52%	18,546	$1.3M	Reduce -4.4%
LMT Lockheed Martin Corp.	0.52%	2,955	$1.3M	Add +2.4%
ETN Eaton Corp. PLC	0.50%	4,708	$1.3M	Reduce -3.4%
INTC Intel Corp.	0.49%	54,874	$1.2M	Reduce -5.8%
AVGO Broadcom Inc.	0.48%	7,358	$1.2M	Reduce -0.7%
SYK Stryker Corp.	0.48%	3,282	$1.2M	Reduce -0.3%
ORCL Oracle Corp.	0.48%	8,710	$1.2M	Reduce -1.7%
LLY Eli Lilly & Co.	0.48%	1,468	$1.2M	Add +0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.47%	9,837	$1.2M	Reduce -3.0%
QCOM Qualcomm Inc.	0.45%	7,475	$1.1M	Reduce -2.9%
UNP Union Pacific Corp.	0.44%	4,752	$1.1M	Reduce -0.7%
MO Altria Group Inc.	0.43%	18,412	$1.1M	Reduce -7.5%
DE Deere & Co.	0.42%	2,291	$1.1M	Reduce -1.0%
C Citigroup Inc.	0.42%	14,959	$1.1M	Reduce -1.4%
WMT Walmart Inc.	0.40%	11,708	$1.0M	Reduce -1.0%
IWM iShares Russell 2000 ETF	0.40%	5,146	$1.0M	Add +3.4%
HON Honeywell International Inc.	0.40%	4,814	$1.0M	Add +0.6%
SBUX Starbucks Corp.	0.39%	10,211	$1.0M	Reduce -0.1%
GIS General Mills Inc.	0.38%	16,214	$969K	Reduce -3.0%
MCK McKesson Corp.	0.37%	1,397	$940K	Reduce -0.5%
KMB Kimberly-Clark Corp.	0.36%	6,470	$920K	Reduce -0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.36%	9,283	$916K	Add +2.9%
SO The Southern Co.	0.36%	9,825	$903K	Reduce -0.3%
BX Blackstone Inc.	0.34%	6,158	$861K	Reduce -3.1%
CARR Carrier Global Corp.	0.33%	13,266	$841K	No change
D Dominion Energy Inc.	0.32%	14,652	$822K	Reduce -1.4%
UL Unilever PLC	0.32%	13,741	$818K	Add +0.1%
AVB Avalonbay Communities Inc.	0.32%	3,773	$810K	Reduce -2.2%
BRK.A Berkshire Hathaway Inc. Class A	0.31%	1	$798K	Reduce -50.0%
TT Trane Technologies PLC	0.31%	2,317	$781K	Reduce -4.8%
GE General Electric filed as GE AEROSPACE	0.29%	3,666	$734K	Reduce -0.3%
PULS Pgim Ultra Short Bond ETF	0.28%	14,113	$702K	Add +26.1%
TGT Target Corp.	0.27%	6,661	$695K	Reduce -2.1%
NSC Norfolk Southern Corp.	0.27%	2,912	$690K	Reduce -4.4%
NEE Nextera Energy Inc.	0.26%	9,197	$652K	Add +1.7%
CAT Caterpillar Inc.	0.26%	1,966	$648K	Add +2.7%
QQQ Invesco QQQ Trust Series 1	0.25%	1,365	$640K	Reduce -0.4%
GOOG Alphabet Inc. Class C	0.25%	4,086	$638K	Add +44.0%
PNC PNC Financial Services Group	0.23%	3,378	$594K	Reduce -0.4%
NKE Nike Inc. Class B	0.23%	9,117	$579K	Add +3.8%
EMR Emerson Electric Co.	0.22%	5,078	$557K	Reduce -8.3%
VIG Vanguard Dividend Apprec ETF	0.22%	2,856	$554K	Add +30.7%
PYPL PayPal Holdings Inc.	0.21%	8,366	$546K	Reduce -0.2%
NEM Newmont Corp.	0.21%	11,236	$542K	Reduce -2.0%
MCD McDonald's Corp.	0.21%	1,732	$541K	Add +5.6%
DOX Amdocs Ltd.	0.20%	5,676	$519K	No change
DOW Dow Inc.	0.19%	14,129	$493K	Add +2.3%
DD Dupont DE Nemours Inc.	0.19%	6,509	$486K	Add +1.6%
GSK GSK PLC-Spon ADR	0.19%	12,376	$479K	Add +1.6%
ITW Illinois Tool Works	0.19%	1,907	$473K	Reduce -0.3%
OTIS Otis Worldwide Corp.	0.18%	4,525	$467K	No change
DRI Darden Restaurants Inc.	0.18%	2,195	$456K	No change
MDLZ Mondelez International Inc. Class A	0.17%	6,556	$445K	Add +1.4%
CMI Cummins Inc.	0.17%	1,415	$443K	Reduce -2.4%
BDX Becton Dickinson and Co.	0.17%	1,914	$438K	Reduce -1.0%
USB US Bancorp	0.17%	10,329	$436K	No change
FISV Fiserv Inc.	0.17%	1,969	$435K	No change
COP Conocophillips	0.17%	4,044	$425K	Add +1.5%
BLK BlackRock Inc.	0.17%	447	$423K	Add +0.2%
AEP American Electric Power	0.17%	3,846	$420K	Add +0.9%
PSX Phillips 66	0.16%	3,357	$414K	Reduce -0.6%
BTI British American Tob-SP ADR	0.16%	9,791	$405K	No change
TMO Thermo Fisher Scientific Inc.	0.16%	799	$398K	No change
DHR Danaher Corp.	0.15%	1,920	$394K	Reduce -0.2%
O Realty Income Corp.	0.15%	6,781	$393K	Reduce -0.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.15%	1,109	$383K	No change
MTB M & T Bank Corp. filed as M & T BK CORP	0.15%	2,142	$383K	Reduce -0.7%
CAG Conagra Brands Inc.	0.15%	14,117	$377K	Reduce -3.6%
K Kellanova	0.15%	4,481	$370K	No change
IXN iShares Global Tech ETF	0.14%	4,850	$367K	Reduce -0.4%
BUD Anheuser-Busch Inbev-SPN ADR	0.14%	5,944	$366K	Add +0.1%
TXN Texas Instruments Inc.	0.14%	2,004	$360K	Reduce -6.0%
CLX Clorox Company	0.14%	2,364	$348K	Reduce -0.8%
MDT Medtronic PLC	0.13%	3,734	$336K	Add +0.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.13%	3,538	$325K	Add +1.2%
B Barrick Gold Corp.	0.13%	16,556	$322K	Add +2.0%
RY Royal Bank of Canada	0.13%	2,821	$318K	Reduce -1.7%
CMCSA Comcast Corp. Class A	0.12%	8,600	$317K	Reduce -1.1%
CNI Canadian Natl Railway Co.	0.12%	3,204	$312K	Reduce -0.8%
DOV Dover Corp.	0.12%	1,767	$310K	No change
MET Metlife Inc.	0.12%	3,705	$297K	Add +1.8%
LULU Lululemon Athletica Inc.	0.11%	1,016	$288K	No change
ZM Zoom Communications Inc.	0.11%	3,819	$282K	Reduce -0.5%
GEV GE Vernova Inc.	0.11%	914	$279K	No change
OGN Organon & Co.	0.10%	17,788	$265K	Reduce -7.1%
AMD Advanced Micro Devices	0.10%	2,555	$263K	Add +9.6%
CB Chubb Ltd.	0.10%	863	$261K	Add +0.7%
NOC Northrop Grumman Corp.	0.10%	508	$260K	Reduce -3.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.10%	612	$257K	No change
WM Waste Management Inc.	0.10%	1,106	$256K	No change
ADBE Adobe Inc.	0.10%	666	$256K	Add +5.4%
INGR Ingredion Inc.	0.10%	1,865	$252K	No change
PSA Public Storage	0.09%	798	$239K	No change
MDY State Street SPDR S&P Midcap	0.09%	447	$238K	No change
CL Colgate-Palmolive Co.	0.09%	2,530	$237K	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.09%	1,352	$234K	No change
CPB The Campbell's Company	0.09%	5,750	$230K	Reduce -0.2%
HSY The Hershey Co.	0.09%	1,340	$229K	New
ALB Albemarle Corp.	0.09%	3,068	$221K	Reduce -4.3%
MKC McCormick & Co.-Non VTG SHRS	0.08%	2,619	$216K	New
TAP Molson Coors Beverage Co. Class B	0.08%	3,520	$214K	Reduce -0.7%
XLF SS Financial Select Sector	0.08%	4,235	$211K	Reduce -0.7%
WBD Warner Bros Discovery Inc.	0.08%	19,489	$209K	Reduce -3.3%
VTI VG Morningstar TS MKT ETF-US	0.08%	758	$208K	Add +0.3%
VEA Vanguard Ftse Developed ETF	0.08%	4,058	$206K	Reduce -16.1%
NVS Novartis AG-Sponsored ADR	0.08%	1,820	$203K	New
VCSH Vanguard S/T Corp. Bond ETF	0.08%	2,567	$203K	Reduce -1.0%
BP BP PLC-Spons ADR	0.08%	5,955	$201K	New
JBLU Jetblue Airways Corp.	0.05%	25,491	$123K	Reduce -8.4%
HLN Haleon PLC-ADR	0.04%	10,849	$112K	Reduce -0.1%
VTRS Viatris Inc.	0.04%	10,816	$94K	Reduce -0.9%
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25)	0.03%	70,000	$69K	No change
PARSONS CORP (PSN 0.25 08/15/25)	0.02%	35,000	$46K	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $251K (not counted above)

Security	Class	Shares / Principal	Value	Change
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	203	$251K	Reduce -4.7%

Total filed on the 13F, all lines: $254.4M.

Portfolio Sells Q4 2024 → Q1 2025


CSL Carlisle Cos Inc.	Reduce -0.8%	9.97%	−1.03
MSFT Microsoft Corp.	Reduce -0.5%	3.97%	−0.56
NVDA Nvidia Corp.	Reduce -5.3%	0.75%	−0.24
BRK.A Berkshire Hathaway Inc. Class A	Reduce -50.0%	0.31%	−0.23
AVGO Broadcom Inc.	Reduce -0.7%	0.48%	−0.20
AMZN Amazon.com Inc.	Reduce -1.1%	1.06%	−0.19
ETN Eaton Corp. PLC	Reduce -3.4%	0.50%	−0.14
FDX FedEx Corp.	Reduce -0.2%	0.79%	−0.13
META Meta Platforms Inc. Class A	Reduce -3.9%	1.93%	−0.13
PFE Pfizer Inc.	Reduce -1.5%	1.51%	−0.11
RDNT Radnet Inc.	Sold out	0.00%	−0.11
ORCL Oracle Corp.	Reduce -1.7%	0.48%	−0.11
AXP American Express Co.	Reduce -2.0%	0.76%	−0.10
BX Blackstone Inc.	Reduce -3.1%	0.34%	−0.10
TGT Target Corp.	Reduce -2.1%	0.27%	−0.09
SPG Simon Property Group Inc.	Sold out	0.00%	−0.08
NFLX Netflix Inc.	Reduce -8.8%	1.24%	−0.07
PYPL PayPal Holdings Inc.	Reduce -0.2%	0.21%	−0.07
GS Goldman Sachs Group Inc.	Reduce -0.9%	0.95%	−0.06
MS Morgan Stanley	Reduce -1.9%	0.58%	−0.06
EMR Emerson Electric Co.	Reduce -8.3%	0.22%	−0.05
TT Trane Technologies PLC	Reduce -4.8%	0.31%	−0.05
GIS General Mills Inc.	Reduce -3.0%	0.38%	−0.04
JBLU Jetblue Airways Corp.	Reduce -8.4%	0.05%	−0.04
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -0.7%	0.56%	−0.04
PG The Procter & Gamble Co.	Reduce -2.6%	1.68%	−0.03
QQQ Invesco QQQ Trust Series 1	Reduce -0.4%	0.25%	−0.03
CMI Cummins Inc.	Reduce -2.4%	0.17%	−0.03
PNC PNC Financial Services Group	Reduce -0.4%	0.23%	−0.03
ALB Albemarle Corp.	Reduce -4.3%	0.09%	−0.02
DHR Danaher Corp.	Reduce -0.2%	0.15%	−0.02
WMT Walmart Inc.	Reduce -1.0%	0.40%	−0.02
IXN iShares Global Tech ETF	Reduce -0.4%	0.14%	−0.02
AVB Avalonbay Communities Inc.	Reduce -2.2%	0.32%	−0.02
QCOM Qualcomm Inc.	Reduce -2.9%	0.45%	−0.02
WFC Wells Fargo & Co.	Reduce -4.4%	0.52%	−0.02
TXN Texas Instruments Inc.	Reduce -6.0%	0.14%	−0.02
CLX Clorox Company	Reduce -0.8%	0.14%	−0.02
VTRS Viatris Inc.	Reduce -0.9%	0.04%	−0.02
TJX TJX Companies Inc.	Reduce -3.0%	0.47%	−0.02
ZM Zoom Communications Inc.	Reduce -0.5%	0.11%	−0.01
CAG Conagra Brands Inc.	Reduce -3.6%	0.15%	−0.01
NSC Norfolk Southern Corp.	Reduce -4.4%	0.27%	−0.01
RY Royal Bank of Canada	Reduce -1.7%	0.13%	−0.01
VEA Vanguard Ftse Developed ETF	Reduce -16.1%	0.08%	−0.01
MTB M & T Bank Corp.	Reduce -0.7%	0.15%	−0.01
OGN Organon & Co.	Reduce -7.1%	0.10%	−0.01
CNI Canadian Natl Railway Co.	Reduce -0.8%	0.12%	−0.01
ITW Illinois Tool Works	Reduce -0.3%	0.19%	−0.01
C Citigroup Inc.	Reduce -1.4%	0.42%	−0.01

Portfolio Buys Q4 2024 → Q1 2025


BRK.B Berkshire Hathaway Inc. Class B	Add +3.5%	4.69%	+0.79
CVS CVS Health Corp.	Add +0.3%	1.12%	+0.37
VZ Verizon Communications Inc.	Add +0.5%	1.79%	+0.20
RSP Invesco S&P 500 Equal Weight	Add +14.4%	1.50%	+0.16
GLD SPDR Gold Shares	Add +3.6%	0.78%	+0.14
KO The Coca-Cola Co.	Add +4.5%	0.87%	+0.14
AAPL Apple Inc.	Add +16.6%	5.56%	+0.13
HSY The Hershey Co.	New	0.09%	+0.09
WPC WP Carey Inc.	Add +0.0%	0.68%	+0.09
MKC McCormick & Co.-Non VTG SHRS	New	0.08%	+0.08
NVS Novartis AG-Sponsored ADR	New	0.08%	+0.08
BP BP PLC-Spons ADR	New	0.08%	+0.08
PULS Pgim Ultra Short Bond ETF	Add +26.1%	0.28%	+0.06
BMY Bristol-Myers Squibb Co.	Add +0.8%	0.79%	+0.06
VIG Vanguard Dividend Apprec ETF	Add +30.7%	0.22%	+0.05
CSCO Cisco Systems Inc.	Add +0.9%	1.07%	+0.04
GOOG Alphabet Inc. Class C	Add +44.0%	0.25%	+0.04
LLY Eli Lilly & Co.	Add +0.1%	0.48%	+0.03
B Barrick Gold Corp.	Add +2.0%	0.13%	+0.03
BUD Anheuser-Busch Inbev-SPN ADR	Add +0.1%	0.14%	+0.03
AEP American Electric Power	Add +0.9%	0.17%	+0.03
GSK GSK PLC-Spon ADR	Add +1.6%	0.19%	+0.02
MCD McDonald's Corp.	Add +5.6%	0.21%	+0.02
MDLZ Mondelez International Inc. Class A	Add +1.4%	0.17%	+0.02
MDT Medtronic PLC	Add +0.2%	0.13%	+0.01
COST Costco Wholesale Corp.	Add +0.1%	0.57%	+0.01
UL Unilever PLC	Add +0.1%	0.32%	+0.01
COP Conocophillips	Add +1.5%	0.17%	+0.01
CB Chubb Ltd.	Add +0.7%	0.10%	+0.01
NEE Nextera Energy Inc.	Add +1.7%	0.26%	−0.00
MET Metlife Inc.	Add +1.8%	0.12%	−0.00
DD Dupont DE Nemours Inc.	Add +1.6%	0.19%	−0.00
VTI VG Morningstar TS MKT ETF-US	Add +0.3%	0.08%	−0.01
PEP Pepsico Inc.	Add +1.8%	0.97%	−0.01
AMD Advanced Micro Devices	Add +9.6%	0.10%	−0.01
ADBE Adobe Inc.	Add +5.4%	0.10%	−0.01
BLK BlackRock Inc.	Add +0.2%	0.17%	−0.02
CAT Caterpillar Inc.	Add +2.7%	0.26%	−0.02
DOW Dow Inc.	Add +2.3%	0.19%	−0.03
HON Honeywell International Inc.	Add +0.6%	0.40%	−0.03
TROW T Rowe Price Group Inc.	Add +1.2%	0.13%	−0.03
IWM iShares Russell 2000 ETF	Add +3.4%	0.40%	−0.03
IVV iShares Core S&P 500 ETF	Add +0.0%	0.58%	−0.03
NKE Nike Inc. Class B	Add +3.8%	0.23%	−0.04
LMT Lockheed Martin Corp.	Add +2.4%	0.52%	−0.04
DIS The Walt Disney Co.	Add +2.9%	0.36%	−0.04
BAC Bank of America Corp.	Add +1.4%	0.79%	−0.04
HD Home Depot Inc.	Add +1.1%	0.72%	−0.04
UPS United Parcel Service Class B	Add +3.2%	0.53%	−0.06
MRK Merck & Co. Inc.	Add +0.8%	1.78%	−0.20

Notes & Other Activity Q4 2024 → Q1 2025


BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Reduce -4.7%	203	$251K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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