Excalibur Management Corp.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Excalibur Management Corp. reported 164 stock positions worth $266.3 million. Its top holding was Carlisle Cos (CSL) at 10.4% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Apple (AAPL, 4.9%). Compared with Q1 2025, it opened 5 new positions, sold out of 7, added to 40 and reduced 89. The biggest buy was Nvidia (NVDA, shares +5%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WALTHAM, MA
- CIK
- 0001009003
- Portfolio Value
- $266.3M (Q2 2025)
- SEC Filing
- 0001085146-25-004581 ↗ filed Aug 6, 2025
Holdings Value
Holdings 164 stocks · $266.3M
| CSL Carlisle Cos Inc. | 10.40% | 74,147 | $27.7M | Reduce -0.3% |
| MSFT Microsoft Corp. | 4.99% | 26,740 | $13.3M | Reduce -0.6% |
| AAPL Apple Inc. | 4.89% | 63,409 | $13.0M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.01% | 21,969 | $10.7M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 3.83% | 35,147 | $10.2M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 2.31% | 8,326 | $6.1M | Reduce -2.2% |
| JNJ Johnson & Johnson | 2.19% | 38,233 | $5.8M | Reduce -1.4% |
| V Visa Inc. Class A | 1.72% | 12,920 | $4.6M | Reduce -1.1% |
| NFLX Netflix Inc. | 1.64% | 3,262 | $4.4M | Reduce -3.5% |
| VZ Verizon Communications Inc. | 1.62% | 99,765 | $4.3M | Reduce -0.5% |
| T AT&T Inc. | 1.62% | 148,642 | $4.3M | Reduce -2.3% |
| MRK Merck & Co. Inc. | 1.54% | 51,859 | $4.1M | Add +2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.51% | 13,602 | $4.0M | Reduce -1.7% |
| PG The Procter & Gamble Co. | 1.50% | 25,056 | $4.0M | Reduce -0.1% |
| RSP Invesco S&P 500 Equal Weight | 1.49% | 21,758 | $4.0M | Reduce -1.2% |
| PFE Pfizer Inc. | 1.37% | 150,047 | $3.6M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 1.29% | 19,521 | $3.4M | Add +5.7% |
| AMZN Amazon.com Inc. | 1.16% | 14,081 | $3.1M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 1.15% | 44,183 | $3.1M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 1.14% | 4,306 | $3.0M | Reduce -2.5% |
| NVDA Nvidia Corp. | 1.10% | 18,486 | $2.9M | Add +5.3% |
| XOM Exxon Mobil Corp. | 1.09% | 26,918 | $2.9M | Add +0.6% |
| CVS CVS Health Corp. | 1.06% | 40,826 | $2.8M | Reduce -2.8% |
| CVX Chevron Corp. | 0.97% | 18,110 | $2.6M | Add +0.1% |
| ABBV Abbvie Inc. | 0.96% | 13,701 | $2.5M | Reduce -0.3% |
| GILD Gilead Sciences Inc. | 0.92% | 22,119 | $2.5M | Reduce -3.4% |
| PEP Pepsico Inc. | 0.87% | 17,564 | $2.3M | Add +6.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.86% | 48,340 | $2.3M | Add +0.3% |
| AXP American Express Co. | 0.86% | 7,159 | $2.3M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.82% | 30,704 | $2.2M | Reduce -0.1% |
| KMI Kinder Morgan Inc. | 0.81% | 73,614 | $2.2M | Reduce -3.4% |
| SPGI S&P Global Inc. | 0.81% | 4,081 | $2.2M | No change |
| GLD SPDR Gold Shares | 0.79% | 6,901 | $2.1M | Add +0.2% |
| RTX RTX Corp. | 0.77% | 14,076 | $2.1M | Reduce -2.0% |
| AVGO Broadcom Inc. | 0.75% | 7,221 | $2.0M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.72% | 8,718 | $1.9M | Add +0.1% |
| PM Philip Morris International | 0.71% | 10,355 | $1.9M | Reduce -0.6% |
| ABT Abbott Laboratories | 0.70% | 13,774 | $1.9M | Reduce -0.0% |
| HD Home Depot Inc. | 0.68% | 4,962 | $1.8M | Reduce -0.5% |
| AMGN Amgen Inc. | 0.67% | 6,407 | $1.8M | No change |
| MS Morgan Stanley | 0.67% | 12,592 | $1.8M | Add +0.5% |
| FDX FedEx Corp. | 0.66% | 7,725 | $1.8M | Reduce -6.0% |
| ETN Eaton Corp. PLC | 0.63% | 4,724 | $1.7M | Add +0.3% |
| WPC WP Carey Inc. | 0.62% | 26,571 | $1.7M | Reduce -3.6% |
| IVV iShares Core S&P 500 ETF | 0.61% | 2,621 | $1.6M | No change |
| SHEL Shell PLC-ADR | 0.59% | 22,277 | $1.6M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.59% | 2,531 | $1.6M | Reduce -0.6% |
| MA Mastercard Inc. Class A | 0.57% | 2,716 | $1.5M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.57% | 1,533 | $1.5M | No change |
| BMY Bristol-Myers Squibb Co. | 0.55% | 31,681 | $1.5M | Reduce -3.2% |
| WFC Wells Fargo & Co. | 0.55% | 18,238 | $1.5M | Reduce -1.7% |
| MMM 3M Co. | 0.55% | 9,541 | $1.5M | Reduce -3.9% |
| INDB Independent Bank Corp. | 0.54% | 22,850 | $1.4M | No change |
| DUK Duke Energy Corp. | 0.53% | 11,996 | $1.4M | Reduce -2.0% |
| LMT Lockheed Martin Corp. | 0.51% | 2,915 | $1.4M | Reduce -1.4% |
| ED Consolidated Edison Inc. | 0.49% | 13,120 | $1.3M | Reduce -2.3% |
| C Citigroup Inc. | 0.47% | 14,683 | $1.2M | Reduce -1.9% |
| PNW Pinnacle West Capital | 0.47% | 13,931 | $1.2M | Reduce -3.6% |
| SYK Stryker Corp. | 0.46% | 3,092 | $1.2M | Reduce -5.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 9,739 | $1.2M | Reduce -1.0% |
| INTC Intel Corp. | 0.45% | 53,600 | $1.2M | Reduce -2.3% |
| QCOM Qualcomm Inc. | 0.45% | 7,538 | $1.2M | Add +0.8% |
| UPS United Parcel Service Class B | 0.45% | 11,884 | $1.2M | Reduce -2.7% |
| DE Deere & Co. | 0.44% | 2,289 | $1.2M | Reduce -0.1% |
| IWM iShares Russell 2000 ETF | 0.43% | 5,369 | $1.2M | Add +4.3% |
| WMT Walmart Inc. | 0.43% | 11,698 | $1.1M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 9,113 | $1.1M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 0.42% | 1,418 | $1.1M | Reduce -3.4% |
| UNP Union Pacific Corp. | 0.41% | 4,731 | $1.1M | Reduce -0.4% |
| HON Honeywell International Inc. | 0.41% | 4,652 | $1.1M | Reduce -3.4% |
| MO Altria Group Inc. | 0.40% | 18,012 | $1.1M | Reduce -2.2% |
| MCK McKesson Corp. | 0.38% | 1,392 | $1.0M | Reduce -0.4% |
| TT Trane Technologies PLC | 0.37% | 2,253 | $985K | Reduce -2.8% |
| CARR Carrier Global Corp. | 0.36% | 13,086 | $958K | Reduce -1.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 3,666 | $944K | No change |
| SBUX Starbucks Corp. | 0.35% | 10,221 | $937K | Add +0.1% |
| SO The Southern Co. | 0.34% | 9,825 | $902K | No change |
| GIS General Mills Inc. | 0.32% | 16,694 | $865K | Add +3.0% |
| KMB Kimberly-Clark Corp. | 0.31% | 6,473 | $835K | Add +0.1% |
| GLDM SPDR Gold Minishares Trust | 0.31% | 12,724 | $834K | New |
| UL Unilever PLC | 0.31% | 13,486 | $825K | Reduce -1.9% |
| D Dominion Energy Inc. | 0.30% | 14,370 | $812K | Reduce -1.9% |
| CAT Caterpillar Inc. | 0.29% | 1,981 | $769K | Add +0.8% |
| PULS Pgim Ultra Short Bond ETF | 0.29% | 15,433 | $768K | Add +9.3% |
| AVB Avalonbay Communities Inc. | 0.29% | 3,767 | $767K | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 1,366 | $754K | Add +0.1% |
| NKE Nike Inc. Class B | 0.28% | 10,521 | $747K | Add +15.4% |
| NSC Norfolk Southern Corp. | 0.28% | 2,911 | $745K | Reduce -0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.27% | 3,574 | $731K | Add +25.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.27% | 1 | $729K | No change |
| GOOG Alphabet Inc. Class C | 0.27% | 4,090 | $726K | Add +0.1% |
| TGT Target Corp. | 0.27% | 7,256 | $716K | Add +8.9% |
| BX Blackstone Inc. | 0.26% | 4,683 | $700K | Reduce -23.9% |
| EMR Emerson Electric Co. | 0.25% | 5,076 | $677K | Reduce -0.0% |
| NEE Nextera Energy Inc. | 0.25% | 9,618 | $668K | Add +4.6% |
| NEM Newmont Corp. | 0.24% | 11,139 | $649K | Reduce -0.9% |
| PNC PNC Financial Services Group | 0.23% | 3,356 | $626K | Reduce -0.7% |
| PYPL PayPal Holdings Inc. | 0.22% | 8,015 | $596K | Reduce -4.2% |
| DOX Amdocs Ltd. | 0.19% | 5,676 | $518K | No change |
| MCD McDonald's Corp. | 0.19% | 1,735 | $507K | Add +0.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $246K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 203 | $246K | No change |
Total filed on the 13F, all lines: $266.5M.
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.8% | 4.01% | −0.68 |
| AAPL Apple Inc. | Reduce -0.3% | 4.89% | −0.67 |
| JNJ Johnson & Johnson | Reduce -1.4% | 2.19% | −0.34 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.2% | 0.55% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 1.50% | −0.18 |
| ABBV Abbvie Inc. | Reduce -0.3% | 0.96% | −0.18 |
| VZ Verizon Communications Inc. | Reduce -0.5% | 1.62% | −0.17 |
| PFE Pfizer Inc. | Reduce -0.8% | 1.37% | −0.14 |
| FDX FedEx Corp. | Reduce -6.0% | 0.66% | −0.13 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.09 |
| ED Consolidated Edison Inc. | Reduce -2.3% | 0.49% | −0.09 |
| GILD Gilead Sciences Inc. | Reduce -3.4% | 0.92% | −0.09 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.09 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.08 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.08 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.08 |
| V Visa Inc. Class A | Reduce -1.1% | 1.72% | −0.08 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.08 |
| UPS United Parcel Service Class B | Reduce -2.7% | 0.45% | −0.08 |
| T AT&T Inc. | Reduce -2.3% | 1.62% | −0.08 |
| BX Blackstone Inc. | Reduce -23.9% | 0.26% | −0.08 |
| PNW Pinnacle West Capital | Reduce -3.6% | 0.47% | −0.07 |
| CVS CVS Health Corp. | Reduce -2.8% | 1.06% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -3.4% | 0.42% | −0.06 |
| WPC WP Carey Inc. | Reduce -3.6% | 0.62% | −0.06 |
| DUK Duke Energy Corp. | Reduce -2.0% | 0.53% | −0.06 |
| SHEL Shell PLC-ADR | Reduce -0.3% | 0.59% | −0.06 |
| FISV Fiserv Inc. | Reduce -8.9% | 0.12% | −0.06 |
| KO The Coca-Cola Co. | Reduce -0.1% | 0.82% | −0.05 |
| OGN Organon & Co. | Reduce -14.1% | 0.06% | −0.05 |
| KMI Kinder Morgan Inc. | Reduce -3.4% | 0.81% | −0.04 |
| INTC Intel Corp. | Reduce -2.3% | 0.45% | −0.04 |
| MO Altria Group Inc. | Reduce -2.2% | 0.40% | −0.04 |
| HD Home Depot Inc. | Reduce -0.5% | 0.68% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.4% | 0.41% | −0.03 |
| AVB Avalonbay Communities Inc. | Reduce -0.2% | 0.29% | −0.03 |
| CLX Clorox Company | Reduce -0.1% | 0.11% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -3.4% | 0.16% | −0.03 |
| MMM 3M Co. | Reduce -3.9% | 0.55% | −0.03 |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | Sold out | 0.00% | −0.03 |
| K Kellanova | Reduce -11.2% | 0.12% | −0.03 |
| SYK Stryker Corp. | Reduce -5.8% | 0.46% | −0.02 |
| TJX TJX Companies Inc. | Reduce -1.0% | 0.45% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -2.0% | 0.16% | −0.02 |
| O Realty Income Corp. | Reduce -7.1% | 0.14% | −0.02 |
| D Dominion Energy Inc. | Reduce -1.9% | 0.30% | −0.02 |
| AEP American Electric Power | Reduce -0.5% | 0.15% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -0.6% | 0.57% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.0% | 0.70% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.2% | 1.49% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +5.3% | 1.10% | +0.35 |
| GLDM SPDR Gold Minishares Trust | New | 0.31% | +0.31 |
| ORCL Oracle Corp. | Add +0.1% | 0.72% | +0.24 |
| GOOGL Alphabet Inc. Class A | Add +5.7% | 1.29% | +0.17 |
| ETN Eaton Corp. PLC | Add +0.3% | 0.63% | +0.13 |
| MS Morgan Stanley | Add +0.5% | 0.67% | +0.09 |
| FCX Freeport-McMoran Inc. | New | 0.09% | +0.09 |
| RDNT Radnet Inc. | New | 0.09% | +0.09 |
| XYL Xylem Inc. | New | 0.08% | +0.08 |
| LRCX Lam Research Corp. | New | 0.08% | +0.08 |
| BAC Bank of America Corp. | Add +0.3% | 0.86% | +0.07 |
| VIG Vanguard Dividend Apprec ETF | Add +25.1% | 0.27% | +0.06 |
| NKE Nike Inc. Class B | Add +15.4% | 0.28% | +0.05 |
| AMD Advanced Micro Devices | Add +5.2% | 0.14% | +0.04 |
| CAT Caterpillar Inc. | Add +0.8% | 0.29% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.28% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +4.3% | 0.43% | +0.03 |
| HSY The Hershey Co. | Add +41.7% | 0.12% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.27% | +0.02 |
| PSX Phillips 66 | Add +18.1% | 0.18% | +0.01 |
| PULS Pgim Ultra Short Bond ETF | Add +9.3% | 0.29% | +0.01 |
| BLK BlackRock Inc. | Add +0.2% | 0.18% | +0.01 |
| GLD SPDR Gold Shares | Add +0.2% | 0.79% | +0.01 |
| USB US Bancorp | Add +2.7% | 0.18% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Add +0.4% | 0.08% | +0.00 |
| CMI Cummins Inc. | Add +0.3% | 0.17% | 0.00 |
| ADBE Adobe Inc. | Add +3.3% | 0.10% | −0.00 |
| QCOM Qualcomm Inc. | Add +0.8% | 0.45% | −0.00 |
| TGT Target Corp. | Add +8.9% | 0.27% | −0.00 |
| NEE Nextera Energy Inc. | Add +4.6% | 0.25% | −0.01 |
| ITW Illinois Tool Works | Add +1.1% | 0.18% | −0.01 |
| CB Chubb Ltd. | Add +0.3% | 0.09% | −0.01 |
| MDT Medtronic PLC | Add +0.0% | 0.12% | −0.01 |
| LULU Lululemon Athletica Inc. | Add +4.7% | 0.09% | −0.02 |
| MCD McDonald's Corp. | Add +0.2% | 0.19% | −0.02 |
| COP Conocophillips | Add +2.1% | 0.14% | −0.03 |
| CAG Conagra Brands Inc. | Add +4.3% | 0.11% | −0.04 |
| SBUX Starbucks Corp. | Add +0.1% | 0.35% | −0.04 |
| KMB Kimberly-Clark Corp. | Add +0.1% | 0.31% | −0.05 |
| DOW Dow Inc. | Add +0.1% | 0.14% | −0.05 |
| GIS General Mills Inc. | Add +3.0% | 0.32% | −0.06 |
| PEP Pepsico Inc. | Add +6.5% | 0.87% | −0.10 |
| XOM Exxon Mobil Corp. | Add +0.6% | 1.09% | −0.16 |
| CVX Chevron Corp. | Add +0.1% | 0.97% | −0.22 |
| MRK Merck & Co. Inc. | Add +2.8% | 1.54% | −0.24 |
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 |