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

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $236.0M Q1 2024 Q2 2024: $244.9M Q2 2024 Q3 2024: $262.0M Q3 2024 Q4 2024: $251.5M Q4 2024 Q1 2025: $254.1M Q1 2025 Q2 2025: $266.3M Q2 2025 Q3 2025: $275.3M Q3 2025 Q4 2025: $277.1M Q4 2025 Q1 2026: $278.3M $278.3M Q1 2026 Q2 2026: $303.3M Q2 2026

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%
BTI British American Tob-SP ADR 0.20% 9,491 $555K No change
USB US Bancorp 0.19% 10,354 $539K No change
AVB Avalonbay Communities Inc. 0.19% 3,270 $534K Reduce -6.7%
AMD Advanced Micro Devices 0.19% 2,585 $526K Add +1.4%
MCD McDonald's Corp. 0.19% 1,687 $524K Reduce -4.8%
AEP American Electric Power 0.18% 3,903 $512K Reduce -1.4%
ITW Illinois Tool Works 0.18% 1,928 $502K No change
WBD Warner Bros Discovery Inc. 0.17% 17,325 $476K Reduce -0.6%
RY Royal Bank of Canada 0.16% 2,815 $455K No change
BX Blackstone Inc. 0.16% 3,901 $449K Add +1.0%
DOW Dow Inc. filed as DOW HLDGS INC 0.16% 10,731 $447K Reduce -4.6%
LRCX Lam Research Corp. 0.16% 2,082 $445K Reduce -1.2%
BLK BlackRock Inc. 0.16% 450 $433K Add +0.5%
DRI Darden Restaurants Inc. 0.15% 2,162 $424K No change
HSY The Hershey Co. 0.14% 1,919 $399K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.14% 5,674 $394K Add +0.4%
MTB M & T Bank Corp. filed as M & T BK CORP 0.14% 1,902 $393K Reduce -9.5%
TXN Texas Instruments Inc. 0.14% 2,011 $390K No change
IXN iShares Global Tech ETF 0.14% 3,867 $387K Add +0.3%
O Realty Income Corp. 0.14% 6,212 $380K Add +1.6%
DOX Amdocs Ltd. 0.13% 5,676 $370K No change
NOC Northrop Grumman Corp. 0.13% 520 $355K Add +2.0%
IAU iShares Gold Trust 0.13% 4,000 $353K No change
Q Qnity Electronics Inc. 0.13% 3,055 $352K Reduce -0.7%
DOV Dover Corp. 0.12% 1,646 $343K Reduce -5.7%
MDLZ Mondelez International Inc. Class A 0.12% 5,922 $341K No change
OTIS Otis Worldwide Corp. 0.12% 4,398 $339K Reduce -0.8%
DHR Danaher Corp. 0.12% 1,700 $322K Reduce -4.1%
TMO Thermo Fisher Scientific Inc. 0.12% 651 $320K Reduce -5.1%
CAG Conagra Brands Inc. 0.11% 20,260 $318K Add +4.8%
CNI Canadian Natl Railway Co. 0.11% 3,044 $313K Reduce -1.6%
FCX Freeport-McMoran Inc. 0.11% 5,276 $310K Reduce -3.6%
MDT Medtronic PLC 0.11% 3,531 $306K Add +0.0%
CB Chubb Ltd. 0.11% 934 $304K Add +2.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.10% 3,202 $289K Add +5.8%
SHV iShares 0-1 Year Treasury Bo 0.10% 2,592 $286K Add +20.0%
BP BP PLC-Spons ADR 0.10% 6,037 $284K Add +0.8%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.10% 612 $283K No change
NVS Novartis AG-Sponsored ADR 0.10% 1,828 $279K No change
VTI VG Morningstar TS MKT ETF-US 0.10% 846 $271K No change
MET Metlife Inc. 0.10% 3,770 $267K Add +1.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.10% 1,352 $265K No change
DD Dupont DE Nemours Inc. 0.10% 5,782 $265K Reduce -1.4%
MDY State Street SPDR S&P Midcap 0.09% 421 $260K No change
WM Waste Management Inc. 0.09% 1,115 $256K No change
BDX Becton Dickinson and Co. 0.09% 1,618 $254K Reduce -10.0%
SLB SLB Ltd. filed as SLB LIMITED 0.09% 4,864 $250K New
PYPL PayPal Holdings Inc. 0.09% 5,510 $249K Reduce -18.0%
CFG Citizens Financial Group 0.09% 4,065 $244K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 1,109 $240K No change
VEA Vanguard Ftse Developed ETF 0.08% 3,652 $234K Add +0.1%
RDNT Radnet Inc. 0.08% 4,000 $224K No change
CRM Salesforce Inc. 0.08% 1,196 $223K New
ADBE Adobe Inc. 0.07% 856 $208K Add +48.9%
CL Colgate-Palmolive Co. 0.07% 2,390 $204K New
GLDM SPDR Gold Minishares Trust 0.07% 2,183 $202K New
INGR Ingredion Inc. 0.07% 1,795 $202K New
JBLU Jetblue Airways Corp. 0.03% 19,986 $88K Reduce -2.9%
OGN Organon & Co. 0.03% 11,629 $70K Reduce -5.3%
Other holdings (1): bonds, preferreds, convertibles and warrants · $200K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 168$200KReduce -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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 174$303.3MCSL, AAPL, BRK.B, JPM, MSFT
Q1 2026 159$278.3MCSL, AAPL, BRK.B, JPM, MSFT
Q4 2025 160$277.1MCSL, AAPL, MSFT, BRK.B, JPM
Q3 2025 165$275.3MCSL, AAPL, MSFT, BRK.B, JPM
Q2 2025 164$266.3MCSL, MSFT, AAPL, BRK.B, JPM
Q1 2025 166$254.1MCSL, AAPL, BRK.B, MSFT, JPM
Q4 2024 165$251.5MCSL, AAPL, MSFT, BRK.B, JPM
Q3 2024 166$262.0MCSL, AAPL, MSFT, BRK.B, JPM
Q2 2024 162$244.9MCSL, MSFT, AAPL, BRK.B, JPM
Q1 2024 160$236.0MCSL, MSFT, AAPL, BRK.B, JPM