Here’s a screen shot of what you have to do to limit the number of events showing in the Calendar List on your home page.
In the edit mode: Go to Appearance – Span – Change the box to “Events” and then set a number of events to display.
Worked for me!
Betsy
PS – If you choose Month in the Span box, I think the default is like 7 or 8 events showing at one time.