# EDGAR Filing Document

**Accession Number:** 0001009003
**File Stem:** 0001009003-25-000003
**Filing Date:** 2025-11
**Character Count:** 21421
**Document Hash:** 901587d67f98004b515de4bb1bf59dfd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001009003-25-000003.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001009003-25-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251107

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCALIBUR MANAGEMENT CORP
- **CENTRAL INDEX KEY:** 0001009003

**ORGANIZATION NAME:**
- **EIN:** 043125731
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05354
- **FILM NUMBER:** 251463883

**BUSINESS ADDRESS:**
- **STREET 1:** BAY COLONY CORPORATE CENTER
- **STREET 2:** 950 WINTER STREET NORTH, SUITE 4100
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451
- **BUSINESS PHONE:** 6179169669

**MAIL ADDRESS:**
- **STREET 1:** BAY COLONY CORPORATE CENTER
- **STREET 2:** 950 WINTER STREET NORTH, SUITE 4100
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** EXCALIBUR MANAGEMENT CORP<br>**Address:** BAY COLONY CORPORATE CENTER<br>950 WINTER STREET NORTH SUITE 4100<br>WALTHAM, MA 02451

**Form 13F File Number:** 028-05354

**CRD Number (if applicable):** 000110836

**SEC File Number (if applicable):** 801-39935

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ellen Bruno<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-916-9669

**Signature, Place, and Date of Signing:**

/s/Ellen Bruno  Freetown, MA  11-07-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 166

**Form 13F Information Table Value Total:** $275598552

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 1481817 | 9549 | SH |  | SOLE |  | 9549 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 1854131 | 13843 | SH |  | SOLE |  | 13843 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 3177970 | 13725 | SH |  | SOLE |  | 13725 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 200150 | 567 | SH |  | SOLE |  | 567 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 422595 | 2612 | SH |  | SOLE |  | 2612 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 | BBG001S7SBP9 | 256867 | 3168 | SH |  | SOLE |  | 3168 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 4729191 | 19454 | SH |  | SOLE |  | 19453 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 996120 | 4090 | SH |  | SOLE |  | 4090 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 1188221 | 17987 | SH |  | SOLE |  | 17987 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 3067978 | 13973 | SH |  | SOLE |  | 13972 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 | BBG001SBX7P3 | 465716 | 5676 | SH |  | SOLE |  | 5676 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 437175 | 3886 | SH |  | SOLE |  | 3886 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 2234197 | 6726 | SH |  | SOLE |  | 6726 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1808218 | 6408 | SH |  | SOLE |  | 6407 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 | BBG001T53FW2 | 343115 | 5756 | SH |  | SOLE |  | 5756 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 15855182 | 62268 | SH |  | SOLE |  | 62267 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 4238246 | 150080 | SH |  | SOLE |  | 150079 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 | BBG001S7J2H8 | 721876 | 3737 | SH |  | SOLE |  | 3737 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 259840 | 203 | SH |  | SOLE |  | 203 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 2483382 | 48137 | SH |  | SOLE |  | 48136 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG001S5N9P3 | 482735 | 14731 | SH |  | SOLE |  | 14731 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 346661 | 1852 | SH |  | SOLE |  | 1852 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG001S902J2 | 754200 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 10995929 | 21872 | SH |  | SOLE |  | 21872 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WR0 | 538646 | 462 | SH |  | SOLE |  | 462 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 689038 | 4033 | SH |  | SOLE |  | 4033 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 205382 | 5960 | SH |  | SOLE |  | 5960 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1391727 | 30859 | SH |  | SOLE |  | 30858 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 517052 | 9741 | SH |  | SOLE |  | 9741 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2260543 | 6852 | SH |  | SOLE |  | 6852 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 297441 | 3154 | SH |  | SOLE |  | 3154 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 | BBG001S5Q6R4 | 24222641 | 73634 | SH |  | SOLE |  | 73634 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HZM1 | 763324 | 12786 | SH |  | SOLE |  | 12786 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 909448 | 1906 | SH |  | SOLE |  | 1906 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2847806 | 18339 | SH |  | SOLE |  | 18338 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 250356 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 2898075 | 42357 | SH |  | SOLE |  | 42357 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 1489310 | 14673 | SH |  | SOLE |  | 14673 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 216095 | 4065 | SH |  | SOLE |  | 4065 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 | BBG001S5PX50 | 291235 | 2362 | SH |  | SOLE |  | 2362 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 2045506 | 30843 | SH |  | SOLE |  | 30842 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 201417 | 2520 | SH |  | SOLE |  | 2519 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG001S5PXL2 | 263897 | 8399 | SH |  | SOLE |  | 8399 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG001S5PGY5 | 251341 | 13727 | SH |  | SOLE |  | 13727 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 390468 | 4128 | SH |  | SOLE |  | 4128 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 | BBG001S5QRL4 | 1322341 | 13155 | SH |  | SOLE |  | 13155 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 1425872 | 1540 | SH |  | SOLE |  | 1540 | 0 | 0 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 525217 | 1244 | SH |  | SOLE |  | 1243 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 3027177 | 40154 | SH |  | SOLE |  | 40153 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 358058 | 1806 | SH |  | SOLE |  | 1806 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 | BBG001S5QM08 | 411496 | 2162 | SH |  | SOLE |  | 2161 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1012283 | 2214 | SH |  | SOLE |  | 2213 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1012376 | 8842 | SH |  | SOLE |  | 8841 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 | BBG001S5QCP3 | 879288 | 14374 | SH |  | SOLE |  | 14374 | 0 | 0 |
| DOVER CORP | COM | 260003108 | BBG001S5QL46 | 291285 | 1746 | SH |  | SOLE |  | 1746 | 0 | 0 |
| DOW INC | COM | 260557103 | BBG00BN96931 | 315815 | 13773 | SH |  | SOLE |  | 13773 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 1484318 | 11994 | SH |  | SOLE |  | 11994 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 490069 | 6291 | SH |  | SOLE |  | 6291 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 1676640 | 4480 | SH |  | SOLE |  | 4480 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 1065581 | 1397 | SH |  | SOLE |  | 1396 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 666578 | 5081 | SH |  | SOLE |  | 5081 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 3047654 | 27030 | SH |  | SOLE |  | 27030 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 1753500 | 7436 | SH |  | SOLE |  | 7436 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 213895 | 1659 | SH |  | SOLE |  | 1659 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 215161 | 5486 | SH |  | SOLE |  | 5486 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 343613 | 1109 | SH |  | SOLE |  | 1109 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 1094047 | 3637 | SH |  | SOLE |  | 3636 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 558944 | 909 | SH |  | SOLE |  | 909 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 802787 | 15922 | SH |  | SOLE |  | 15922 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 2440328 | 21985 | SH |  | SOLE |  | 21984 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 3422652 | 4298 | SH |  | SOLE |  | 4297 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 | BBG001SD6SM6 | 523444 | 12128 | SH |  | SOLE |  | 12128 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 | BBG018GZNDB0 | 93638 | 10439 | SH |  | SOLE |  | 10439 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG001S5S148 | 355229 | 1899 | SH |  | SOLE |  | 1899 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 2000679 | 4938 | SH |  | SOLE |  | 4937 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 995934 | 4731 | SH |  | SOLE |  | 4731 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG001S5SDX0 | 502380 | 1927 | SH |  | SOLE |  | 1926 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG001S5S8F1 | 1580535 | 22850 | SH |  | SOLE |  | 22850 | 0 | 0 |
| INGREDION INC | COM | 457187102 | BBG001SBH4X9 | 219187 | 1795 | SH |  | SOLE |  | 1795 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 1711683 | 51019 | SH |  | SOLE |  | 51018 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 3840625 | 13612 | SH |  | SOLE |  | 13611 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 4104757 | 21638 | SH |  | SOLE |  | 21638 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 820483 | 1367 | SH |  | SOLE |  | 1366 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1754428 | 2621 | SH |  | SOLE |  | 2621 | 0 | 0 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 | BBG001S60KQ0 | 494706 | 4793 | SH |  | SOLE |  | 4793 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 1231162 | 5088 | SH |  | SOLE |  | 5088 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 | BBG001S9YPC1 | 124087 | 25221 | SH |  | SOLE |  | 25221 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 7076690 | 38166 | SH |  | SOLE |  | 38165 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 10978207 | 34804 | SH |  | SOLE |  | 34803 | 0 | 0 |
| KELLANOVA | COM | 487836108 | BBG001S5SJL0 | 326522 | 3981 | SH |  | SOLE |  | 3981 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 808205 | 6500 | SH |  | SOLE |  | 6499 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 2080474 | 73489 | SH |  | SOLE |  | 73489 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 283421 | 2117 | SH |  | SOLE |  | 2116 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 1527555 | 3060 | SH |  | SOLE |  | 3059 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 416385 | 2107 | SH |  | SOLE |  | 2107 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 1547163 | 2720 | SH |  | SOLE |  | 2720 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 535454 | 1762 | SH |  | SOLE |  | 1762 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG001S8F8P8 | 1041384 | 1348 | SH |  | SOLE |  | 1348 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 336720 | 3535 | SH |  | SOLE |  | 3535 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 4364192 | 51998 | SH |  | SOLE |  | 51998 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 5813493 | 7916 | SH |  | SOLE |  | 7916 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 305593 | 3710 | SH |  | SOLE |  | 3710 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 13508139 | 26080 | SH |  | SOLE |  | 26080 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 412489 | 6603 | SH |  | SOLE |  | 6603 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1963474 | 12352 | SH |  | SOLE |  | 12352 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 3876108 | 3233 | SH |  | SOLE |  | 3233 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 | BBG001S5TKX3 | 939551 | 11144 | SH |  | SOLE |  | 11144 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 728488 | 9650 | SH |  | SOLE |  | 9650 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 719941 | 10325 | SH |  | SOLE |  | 10324 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 874494 | 2911 | SH |  | SOLE |  | 2911 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 309535 | 508 | SH |  | SOLE |  | 508 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 234423 | 1828 | SH |  | SOLE |  | 1828 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 3343142 | 17918 | SH |  | SOLE |  | 17918 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 2400102 | 8534 | SH |  | SOLE |  | 8534 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 | BBG00ZQRGW42 | 161022 | 15077 | SH |  | SOLE |  | 15077 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60LN7 | 405492 | 4435 | SH |  | SOLE |  | 4435 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 527360 | 7864 | SH |  | SOLE |  | 7864 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 2570926 | 18306 | SH |  | SOLE |  | 18306 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 3711615 | 145668 | SH |  | SOLE |  | 145667 | 0 | 0 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 | BBG00KJQ1QS8 | 879826 | 17657 | SH |  | SOLE |  | 17656 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 1504081 | 9273 | SH |  | SOLE |  | 9273 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 541224 | 3979 | SH |  | SOLE |  | 3979 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 | BBG001S5VB15 | 1253088 | 13976 | SH |  | SOLE |  | 13976 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 675728 | 3363 | SH |  | SOLE |  | 3363 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 331078 | 3226 | SH |  | SOLE |  | 3225 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 3837255 | 24974 | SH |  | SOLE |  | 24974 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 | BBG001S5TH79 | 230502 | 798 | SH |  | SOLE |  | 798 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 1233860 | 7417 | SH |  | SOLE |  | 7416 | 0 | 0 |
| RADNET INC | COM | 750491102 | BBG001S75DK5 | 304840 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 | BBG001S884K0 | 385226 | 6337 | SH |  | SOLE |  | 6337 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 | BBG001S60869 | 415590 | 2821 | SH |  | SOLE |  | 2821 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 2306845 | 13786 | SH |  | SOLE |  | 13786 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 1986264 | 4081 | SH |  | SOLE |  | 4081 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 220059 | 4085 | SH |  | SOLE |  | 4085 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 1594568 | 22292 | SH |  | SOLE |  | 22292 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 928746 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 283809 | 612 | SH |  | SOLE |  | 612 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 2433548 | 6846 | SH |  | SOLE |  | 6846 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1668115 | 2504 | SH |  | SOLE |  | 2504 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 251525 | 422 | SH |  | SOLE |  | 422 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 857166 | 10132 | SH |  | SOLE |  | 10131 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 1124906 | 3043 | SH |  | SOLE |  | 3043 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 634628 | 7075 | SH |  | SOLE |  | 7075 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 368195 | 2004 | SH |  | SOLE |  | 2004 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 356975 | 736 | SH |  | SOLE |  | 736 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 1399725 | 9684 | SH |  | SOLE |  | 9684 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 930844 | 2206 | SH |  | SOLE |  | 2206 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 795004 | 13411 | SH |  | SOLE |  | 13411 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1108955 | 4692 | SH |  | SOLE |  | 4691 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 967119 | 11578 | SH |  | SOLE |  | 11578 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 514908 | 10654 | SH |  | SOLE |  | 10654 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 232972 | 710 | SH |  | SOLE |  | 709 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 252134 | 1352 | SH |  | SOLE |  | 1352 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 | BBG001SQX4T3 | 861582 | 3993 | SH |  | SOLE |  | 3992 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 233568 | 3898 | SH |  | SOLE |  | 3898 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 4417253 | 100506 | SH |  | SOLE |  | 100506 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 | BBG00Y52JV51 | 104861 | 10592 | SH |  | SOLE |  | 10592 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 4359803 | 12771 | SH |  | SOLE |  | 12771 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1208172 | 11723 | SH |  | SOLE |  | 11723 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 359664 | 18416 | SH |  | SOLE |  | 18416 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 244238 | 1106 | SH |  | SOLE |  | 1106 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1519076 | 18123 | SH |  | SOLE |  | 18123 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 | BBG00L8YYQ05 | 1108066 | 14494 | SH |  | SOLE |  | 14494 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 | BBG001S67MM3 | 1793397 | 26541 | SH |  | SOLE |  | 26541 | 0 | 0 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 237180 | 1608 | SH |  | SOLE |  | 1608 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 | BBG0042V6JN7 | 262433 | 3181 | SH |  | SOLE |  | 3181 | 0 | 0 |

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