Excalibur Management Corp.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Excalibur Management Corp. reported 159 stock positions worth $278.3 million. Its top holding was Carlisle Cos (CSL) at 8.5% of the portfolio, followed by Apple (AAPL, 5.3%) and Berkshire Hathaway Class B (BRK.B, 4.0%). Compared with Q4 2025, it opened 5 new positions, sold out of 6, added to 54 and reduced 75. The biggest buy was Vanguard Dividend Apprec ETF (VIG, shares +55%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WALTHAM, MA
- CIK
- 0001009003
- Portfolio Value
- $278.3M (Q1 2026)
- SEC Filing
- 0001009003-26-000003 ↗ filed May 5, 2026
Holdings Value
Holdings 159 stocks · $278.3M
| CSL Carlisle Cos Inc. | 8.55% | 71,314 | $23.8M | Reduce -0.9% |
| AAPL Apple Inc. | 5.34% | 58,605 | $14.9M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.01% | 23,306 | $11.2M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 3.59% | 33,972 | $10.0M | Reduce -0.5% |
| MSFT Microsoft Corp. | 3.41% | 25,608 | $9.5M | Add +0.4% |
| JNJ Johnson & Johnson | 3.29% | 37,425 | $9.1M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 2.24% | 51,737 | $6.2M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 1.97% | 19,029 | $5.5M | Reduce -0.3% |
| RSP Invesco S&P 500 Equal Weight | 1.91% | 27,623 | $5.3M | Add +11.8% |
| VZ Verizon Communications Inc. | 1.88% | 104,134 | $5.2M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 1.65% | 26,987 | $4.6M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 1.64% | 7,970 | $4.6M | Add +0.4% |
| T AT&T Inc. | 1.60% | 153,807 | $4.5M | Reduce -0.1% |
| PFE Pfizer Inc. | 1.53% | 151,843 | $4.3M | Add +0.6% |
| CVX Chevron Corp. | 1.39% | 18,757 | $3.9M | Reduce -1.8% |
| V Visa Inc. Class A | 1.38% | 12,709 | $3.8M | Add +0.3% |
| PG The Procter & Gamble Co. | 1.32% | 25,500 | $3.7M | Add +2.2% |
| GS Goldman Sachs Group Inc. | 1.29% | 4,229 | $3.6M | Reduce -1.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.19% | 13,642 | $3.3M | Add +0.8% |
| CSCO Cisco Systems Inc. | 1.17% | 42,064 | $3.3M | Add +0.0% |
| NVDA Nvidia Corp. | 1.13% | 18,093 | $3.2M | Reduce -1.0% |
| NFLX Netflix Inc. | 1.12% | 32,292 | $3.1M | Add +0.5% |
| PEP Pepsico Inc. | 1.10% | 19,736 | $3.1M | Reduce -0.2% |
| GILD Gilead Sciences Inc. | 1.07% | 21,447 | $3.0M | Reduce -0.6% |
| ABBV Abbvie Inc. | 1.05% | 13,479 | $2.9M | Add +0.2% |
| GLD SPDR Gold Shares | 1.02% | 6,585 | $2.8M | Reduce -1.1% |
| CVS CVS Health Corp. | 1.01% | 39,013 | $2.8M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.00% | 13,410 | $2.8M | Add +0.0% |
| RTX RTX Corp. | 0.94% | 13,496 | $2.6M | Add +0.2% |
| FDX FedEx Corp. | 0.93% | 7,302 | $2.6M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.88% | 50,504 | $2.5M | Add +2.5% |
| KMI Kinder Morgan Inc. | 0.88% | 72,783 | $2.4M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.85% | 31,264 | $2.4M | Add +1.3% |
| AMGN Amgen Inc. | 0.81% | 6,411 | $2.3M | No change |
| INTC Intel Corp. | 0.77% | 48,443 | $2.1M | Reduce -1.8% |
| SHEL Shell PLC-ADR | 0.75% | 22,352 | $2.1M | Add +0.5% |
| AVGO Broadcom Inc. | 0.74% | 6,654 | $2.1M | Add +1.5% |
| BMY Bristol-Myers Squibb Co. | 0.72% | 32,865 | $2.0M | Reduce -0.1% |
| MS Morgan Stanley | 0.70% | 11,906 | $2.0M | Reduce -2.3% |
| LMT Lockheed Martin Corp. | 0.70% | 3,234 | $2.0M | Add +0.1% |
| AXP American Express Co. | 0.67% | 6,205 | $1.9M | Reduce -2.0% |
| VIG Vanguard Dividend Apprec ETF | 0.67% | 8,605 | $1.9M | Add +54.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 2,682 | $1.7M | Reduce -2.5% |
| WPC WP Carey Inc. | 0.62% | 25,574 | $1.7M | Reduce -1.2% |
| SPGI S&P Global Inc. | 0.62% | 4,058 | $1.7M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 0.61% | 2,596 | $1.7M | No change |
| C Citigroup Inc. | 0.60% | 14,761 | $1.7M | Add +0.4% |
| HD Home Depot Inc. | 0.57% | 4,860 | $1.6M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 0.57% | 1,603 | $1.6M | Add +3.7% |
| DUK Duke Energy Corp. | 0.57% | 12,068 | $1.6M | Add +0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.55% | 9,580 | $1.5M | Add +0.5% |
| PM Philip Morris International | 0.54% | 9,118 | $1.5M | Reduce -0.7% |
| ETN Eaton Corp. PLC | 0.54% | 4,177 | $1.5M | Reduce -3.8% |
| ED Consolidated Edison Inc. | 0.53% | 13,089 | $1.5M | Reduce -0.4% |
| INDB Independent Bank Corp. | 0.52% | 19,200 | $1.4M | Reduce -12.1% |
| WFC Wells Fargo & Co. | 0.51% | 17,826 | $1.4M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 0.51% | 2,840 | $1.4M | Add +4.2% |
| PNW Pinnacle West Capital | 0.51% | 13,993 | $1.4M | Add +0.4% |
| WMT Walmart Inc. | 0.51% | 11,330 | $1.4M | Reduce -1.3% |
| ABT Abbott Laboratories | 0.50% | 13,628 | $1.4M | Reduce -1.6% |
| MMM 3M Co. | 0.49% | 9,326 | $1.4M | Add +0.2% |
| CAT Caterpillar Inc. | 0.47% | 1,843 | $1.3M | Reduce -1.5% |
| LLY Eli Lilly & Co. | 0.47% | 1,408 | $1.3M | Add +4.9% |
| ORCL Oracle Corp. | 0.43% | 8,215 | $1.2M | Reduce -0.2% |
| NEM Newmont Corp. | 0.43% | 11,005 | $1.2M | Reduce -0.9% |
| IWM iShares Russell 2000 ETF | 0.43% | 4,790 | $1.2M | Add +1.6% |
| MO Altria Group Inc. | 0.42% | 17,737 | $1.2M | Reduce -1.4% |
| DE Deere & Co. | 0.42% | 2,056 | $1.2M | Reduce -1.8% |
| PULS Pgim Ultra Short Bond ETF | 0.40% | 22,227 | $1.1M | Add +9.6% |
| UNP Union Pacific Corp. | 0.39% | 4,527 | $1.1M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 0.39% | 3,815 | $1.1M | Reduce -6.2% |
| UPS United Parcel Service Class B | 0.39% | 10,927 | $1.1M | Add +3.2% |
| MCK McKesson Corp. | 0.38% | 1,213 | $1.0M | Reduce -4.7% |
| HON Honeywell International Inc. | 0.38% | 4,628 | $1.0M | Reduce -1.9% |
| SYK Stryker Corp. | 0.36% | 3,044 | $1.0M | No change |
| D Dominion Energy Inc. | 0.36% | 16,030 | $991K | Add +4.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 3,420 | $971K | Reduce -2.3% |
| QCOM Qualcomm Inc. | 0.35% | 7,530 | $970K | Add +2.1% |
| SO The Southern Co. | 0.34% | 9,739 | $940K | Add +0.0% |
| NEE Nextera Energy Inc. | 0.33% | 9,904 | $920K | Add +6.1% |
| TT Trane Technologies PLC | 0.33% | 2,178 | $908K | Add +0.2% |
| SBUX Starbucks Corp. | 0.32% | 9,899 | $887K | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 8,973 | $865K | Add +0.9% |
| TGT Target Corp. | 0.31% | 7,082 | $858K | Reduce -2.3% |
| GIS General Mills Inc. | 0.29% | 21,991 | $819K | Add +18.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 1,355 | $782K | Reduce -0.7% |
| NSC Norfolk Southern Corp. | 0.28% | 2,701 | $775K | Reduce -5.9% |
| GEV GE Vernova Inc. | 0.27% | 857 | $748K | Reduce -2.9% |
| PSX Phillips 66 | 0.26% | 3,922 | $715K | No change |
| CARR Carrier Global Corp. | 0.25% | 12,586 | $709K | Reduce -0.4% |
| PNC PNC Financial Services Group | 0.25% | 3,307 | $688K | No change |
| UL Unilever PLC-Sponsored ADR | 0.24% | 11,789 | $672K | No change |
| GSK GSK PLC-Spon ADR | 0.23% | 11,688 | $645K | Reduce -3.3% |
| EMR Emerson Electric Co. | 0.22% | 4,744 | $622K | Reduce -1.8% |
| CMI Cummins Inc. | 0.22% | 1,137 | $611K | Reduce -4.3% |
| B Barrick Mining Corp. | 0.21% | 14,406 | $588K | Reduce -1.5% |
| COP Conocophillips | 0.21% | 4,349 | $574K | Add +2.7% |
| KMB Kimberly-Clark Corp. | 0.20% | 5,888 | $568K | Reduce -0.8% |
| NKE Nike Inc. Class B | 0.20% | 10,725 | $567K | Add +8.7% |
| ALB Albemarle Corp. | 0.20% | 3,113 | $559K | Reduce -0.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $200K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 168 | $200K | Reduce -12.9% |
Total filed on the 13F, all lines: $278.5M.
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -2.0% | 5.34% | −0.52 |
| JPM JPMorgan Chase & Co. | Reduce -0.5% | 3.59% | −0.38 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 4.01% | −0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 1.97% | −0.19 |
| AXP American Express Co. | Reduce -2.0% | 0.67% | −0.17 |
| SPGI S&P Global Inc. | Reduce -0.6% | 0.62% | −0.15 |
| ORCL Oracle Corp. | Reduce -0.2% | 0.43% | −0.14 |
| ABT Abbott Laboratories | Reduce -1.6% | 0.50% | −0.12 |
| CVS CVS Health Corp. | Reduce -0.6% | 1.01% | −0.12 |
| NVDA Nvidia Corp. | Reduce -1.0% | 1.13% | −0.10 |
| WFC Wells Fargo & Co. | Reduce -0.2% | 0.51% | −0.09 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.08 |
| CLX Clorox Company | Sold out | 0.00% | −0.08 |
| MS Morgan Stanley | Reduce -2.3% | 0.70% | −0.08 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.08 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.07 |
| GS Goldman Sachs Group Inc. | Reduce -1.0% | 1.29% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -6.2% | 0.39% | −0.07 |
| INDB Independent Bank Corp. | Reduce -12.1% | 0.52% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -18.0% | 0.09% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.5% | 0.63% | −0.05 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.05 |
| GE General Electric | Reduce -2.3% | 0.35% | −0.04 |
| HD Home Depot Inc. | Reduce -1.4% | 0.57% | −0.04 |
| AVB Avalonbay Communities Inc. | Reduce -6.7% | 0.19% | −0.04 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -10.0% | 0.09% | −0.03 |
| DHR Danaher Corp. | Reduce -4.1% | 0.12% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.1% | 0.12% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.7% | 0.28% | −0.02 |
| NSC Norfolk Southern Corp. | Reduce -5.9% | 0.28% | −0.02 |
| B Barrick Mining Corp. | Reduce -1.5% | 0.21% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -0.8% | 0.12% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -0.8% | 0.20% | −0.01 |
| MTB M & T Bank Corp. | Reduce -9.5% | 0.14% | −0.01 |
| WBD Warner Bros Discovery Inc. | Reduce -0.6% | 0.17% | −0.01 |
| EMR Emerson Electric Co. | Reduce -1.8% | 0.22% | −0.01 |
| MCD McDonald's Corp. | Reduce -4.8% | 0.19% | −0.01 |
| OGN Organon & Co. | Reduce -5.3% | 0.03% | −0.01 |
| JBLU Jetblue Airways Corp. | Reduce -2.9% | 0.03% | −0.00 |
| DOV Dover Corp. | Reduce -5.7% | 0.12% | +0.00 |
| MCK McKesson Corp. | Reduce -4.7% | 0.38% | +0.00 |
| CMI Cummins Inc. | Reduce -4.3% | 0.22% | +0.00 |
| CNI Canadian Natl Railway Co. | Reduce -1.6% | 0.11% | +0.00 |
| UNP Union Pacific Corp. | Reduce -3.2% | 0.39% | +0.00 |
| DD Dupont DE Nemours Inc. | Reduce -1.4% | 0.10% | +0.01 |
| PM Philip Morris International | Reduce -0.7% | 0.54% | +0.01 |
| FCX Freeport-McMoran Inc. | Reduce -3.6% | 0.11% | +0.01 |
| SBUX Starbucks Corp. | Reduce -1.7% | 0.32% | +0.01 |
| CARR Carrier Global Corp. | Reduce -0.4% | 0.25% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| VIG Vanguard Dividend Apprec ETF | Add +54.6% | 0.67% | +0.22 |
| RSP Invesco S&P 500 Equal Weight | Add +11.8% | 1.91% | +0.20 |
| PFE Pfizer Inc. | Add +0.6% | 1.53% | +0.18 |
| SHEL Shell PLC-ADR | Add +0.5% | 0.75% | +0.16 |
| LMT Lockheed Martin Corp. | Add +0.1% | 0.70% | +0.14 |
| COST Costco Wholesale Corp. | Add +3.7% | 0.57% | +0.09 |
| SLB SLB Ltd. | New | 0.09% | +0.09 |
| CRM Salesforce Inc. | New | 0.08% | +0.08 |
| KO The Coca-Cola Co. | Add +1.3% | 0.85% | +0.08 |
| CL Colgate-Palmolive Co. | New | 0.07% | +0.07 |
| INGR Ingredion Inc. | New | 0.07% | +0.07 |
| GLDM SPDR Gold Minishares Trust | New | 0.07% | +0.07 |
| COP Conocophillips | Add +2.7% | 0.21% | +0.06 |
| PNW Pinnacle West Capital | Add +0.4% | 0.51% | +0.06 |
| NEE Nextera Energy Inc. | Add +6.1% | 0.33% | +0.06 |
| DUK Duke Energy Corp. | Add +0.5% | 0.57% | +0.06 |
| RTX RTX Corp. | Add +0.2% | 0.94% | +0.04 |
| PG The Procter & Gamble Co. | Add +2.2% | 1.32% | +0.03 |
| PULS Pgim Ultra Short Bond ETF | Add +9.6% | 0.40% | +0.03 |
| D Dominion Energy Inc. | Add +4.4% | 0.36% | +0.03 |
| SO The Southern Co. | Add +0.0% | 0.34% | +0.03 |
| NFLX Netflix Inc. | Add +0.5% | 1.12% | +0.03 |
| BP BP PLC-Spons ADR | Add +0.8% | 0.10% | +0.03 |
| NOC Northrop Grumman Corp. | Add +2.0% | 0.13% | +0.02 |
| TJX TJX Companies Inc. | Add +0.5% | 0.55% | +0.02 |
| TT Trane Technologies PLC | Add +0.2% | 0.33% | +0.02 |
| SHV iShares 0-1 Year Treasury Bo | Add +20.0% | 0.10% | +0.02 |
| O Realty Income Corp. | Add +1.6% | 0.14% | +0.01 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +0.4% | 0.14% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +1.6% | 0.43% | +0.01 |
| UPS United Parcel Service Class B | Add +3.2% | 0.39% | +0.01 |
| CB Chubb Ltd. | Add +2.9% | 0.11% | +0.01 |
| CSCO Cisco Systems Inc. | Add +0.0% | 1.17% | +0.00 |
| ADBE Adobe Inc. | Add +48.9% | 0.07% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.1% | 0.08% | +0.00 |
| CAG Conagra Brands Inc. | Add +4.8% | 0.11% | −0.01 |
| IXN iShares Global Tech ETF | Add +0.3% | 0.14% | −0.01 |
| TROW T Rowe Price Group Inc. | Add +5.8% | 0.10% | −0.01 |
| AMD Advanced Micro Devices | Add +1.4% | 0.19% | −0.01 |
| MET Metlife Inc. | Add +1.6% | 0.10% | −0.01 |
| MDT Medtronic PLC | Add +0.0% | 0.11% | −0.01 |
| C Citigroup Inc. | Add +0.4% | 0.60% | −0.02 |
| BLK BlackRock Inc. | Add +0.5% | 0.16% | −0.02 |
| GIS General Mills Inc. | Add +18.2% | 0.29% | −0.02 |
| NKE Nike Inc. Class B | Add +8.7% | 0.20% | −0.02 |
| MMM 3M Co. | Add +0.2% | 0.49% | −0.05 |
| MA Mastercard Inc. Class A | Add +4.2% | 0.51% | −0.05 |
| BX Blackstone Inc. | Add +1.0% | 0.16% | −0.05 |
| DIS The Walt Disney Co. | Add +0.9% | 0.31% | −0.05 |
| LLY Eli Lilly & Co. | Add +4.9% | 0.47% | −0.06 |
Notes & Other Activity Q4 2025 → Q1 2026
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -12.9% | 168 | $200K |
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 |