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Livermore
Livermore
ZHEN

Excalibur Management Corp

SEC CIK
0001009003
Latest filing
Aug 3, 2026

The latest 13F from Excalibur Management Corp covers Q2 2026 (filed Aug 3, 2026): 175 long positions worth $303.5M. The top 10 holdings make up 37.0% of the portfolio, and the largest is Carlisle Companies Inc (CSL) at 8.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
21
Est. +$6.57M
Added
76
Est. +$4.89M
Reduced
55
Est. −$1.95M
Sold out
6
Est. −$6.31M

Top 5 holdings

Share of this quarter's portfolio value

  1. CSLCarlisle Companies Inc
    8.5%$25.9MHistory
  2. AAPLApple Inc.
    5.6%$16.9MHistory
  3. BRK.BBerkshire Hathaway Inc
    3.9%$11.7MHistory
  4. JPMJPMorgan Chase & Co
    3.6%$11.0MHistory
  5. MSFTMicrosoft Corp
    3.5%$10.7MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MSFTMicrosoft Corp
    +$1.11MAddedHistory
  2. Invesco Exchange Traded FD T46137V357
    +$819.0KAdded
  3. HONHoneywell International Inc
    +$605.1KNewHistory
  4. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$570.5KNew
  5. FDXFFedEx Freight Holding Company, Inc.
    +$541.8KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Invesco Exchange Traded FD T46137V357
    +0.30 pp1.9% → 2.2%
  2. HONHoneywell International Inc
    +0.20 pp0.0% → 0.2%History
  3. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +0.19 pp0.0% → 0.2%
  4. FDXFFedEx Freight Holding Company, Inc.
    +0.18 pp0.0% → 0.2%History
  5. Vanguard S&P 500 ETF922908363
    +0.18 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$4.58MSold outHistory
  2. HONHoneywell International Inc
    −$1.05MSold outHistory
  3. GSGoldman Sachs Group Inc
    −$313.5KReducedHistory
  4. INTCIntel Corp
    −$278.8KReducedHistory
  5. MSMorgan Stanley
    −$231.4KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −1.64 pp1.6% → 0.0%History
  2. HONHoneywell International Inc
    −0.38 pp0.4% → 0.0%History
  3. GILDGilead Sciences, Inc.
    −0.18 pp1.1% → 0.9%History
  4. FDXFedEx Corp
    −0.18 pp0.9% → 0.8%History
  5. JNJJohnson & Johnson
    −0.16 pp3.3% → 3.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$303.5M
+$25.0M (+9.0%) vs. prior quarter
Positions
175
+15 vs. prior quarter
Top 10 concentration
37.0%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
20.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $303.5M (Q2 2026)

Q1 2021: $202.8MQ2 2021: $220.8MQ3 2021: $228.2MQ4 2021: $247.8MQ1 2022: $230.8MQ2 2022: $192.2MQ3 2022: $178.6MQ4 2022: $191.3MQ1 2023: $192.9MQ2 2023: $196.3MQ3 2023: $192.3MQ4 2023: $212.9MQ1 2024: $236.3MQ2 2024: $245.2MQ3 2024: $262.3MQ4 2024: $251.7MQ1 2025: $254.4MQ2 2025: $266.5MQ3 2025: $275.6MQ4 2025: $277.4MQ1 2026: $278.5MQ2 2026: $303.5M
Q1 2021Q2 2026
13F filings of Excalibur Management Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 2026175$303.5MCSLAAPLBRK.Bvs. Q1 2026SEC
Q1 2026May 5, 2026160$278.5MCSLAAPLBRK.Bvs. Q4 2025SEC
Q4 2025Feb 10, 2026161$277.4MCSLAAPLMSFTvs. Q3 2025SEC
Q3 2025Nov 10, 2025166$275.6MCSLAAPLMSFTvs. Q2 2025SEC
Q2 2025Aug 6, 2025165$266.5MCSLMSFTAAPLvs. Q1 2025SEC
Q1 2025May 8, 2025167$254.4MCSLAAPLBRK.Bvs. Q4 2024SEC
Q4 2024Feb 12, 2025166$251.7MCSLAAPLMSFTvs. Q3 2024SEC
Q3 2024Nov 14, 2024167$262.3MCSLAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 9, 2024163$245.2MCSLMSFTAAPLvs. Q1 2024SEC
Q1 2024May 13, 2024161$236.3MCSLMSFTAAPLvs. Q4 2023SEC
Q4 2023Feb 12, 2024160$212.9MCSLAAPLMSFTvs. Q3 2023SEC
Q3 2023Nov 13, 2023156$192.3MCSLAAPLMSFTvs. Q2 2023SEC
Q2 2023Aug 8, 2023155$196.3MCSLAAPLMSFTvs. Q1 2023SEC
Q1 2023May 8, 2023160$192.9MCSLAAPLMSFTvs. Q4 2022SEC
Q4 2022Feb 10, 2023157$191.3MCSLPFEAAPLvs. Q3 2022SEC
Q3 2022Nov 4, 2022148$178.6MCSLAAPLMSFTvs. Q2 2022SEC
Q2 2022Jul 25, 2022155$192.2MCSLAAPLPFEvs. Q1 2022SEC
Q1 2022May 3, 2022155$230.8MCSLAAPLMSFTvs. Q4 2021SEC
Q4 2021Feb 10, 2022158$247.8MCSLAAPLMSFTvs. Q3 2021SEC
Q3 2021Oct 28, 2021164$228.2MCSLAAPLMSFTvs. Q2 2021SEC
Q2 2021Jul 26, 2021153$220.8MCSLAAPLMSFTvs. Q1 2021SEC
Q1 2021May 3, 2021154$202.8MCSLAAPLMSFT–SEC