Tufton Capital Management

13F filer · CIK 0001055963

Reported Aug 5, 2025

Net seller this quarter

13F portfolio value$596MU.S. long equity reported on 13F

Positions1060 new · 3 closed

Net flow last quarter-$20.4MBuys minus sells

Top 10 positions weight32.9%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2025Reported Aug 5, 2025106 positions
MSFTMicrosoft Corp	$36.8M	7.00%	0.00%	-2.6%	Q2 2013
JPMJPMorgan Chase & Co	$21.5M	4.09%	0.00%	-3.1%	Q2 2013
AAPLApple Inc.	$19.7M	3.74%	0.00%	-5.9%	Q2 2013
ADPAutomatic Data Processing Inc	$15.9M	3.02%	0.01%	-2.9%	Q2 2013
GOOGAlphabet Inc.	$15.8M	3.00%	Not reported	-14.1%	Q4 2015
TJXTJX Companies Inc	$15.5M	2.95%	0.01%	-4.0%	Q2 2013
AMZNAmazon Com Inc	$14.8M	2.82%	0.00%	+2.0%	Q1 2017
BACBank of America Corp	$11.2M	2.12%	0.00%	-3.6%	Q2 2013
GLWCorning Inc	$11M	2.10%	0.02%	-3.8%	Q2 2013
QCOMQualcomm Inc	$11M	2.08%	0.01%	-2.7%	Q2 2013
RTXRTX Corp	$10.5M	2.00%	0.01%	-4.7%	Q3 2020
ABBVAbbVie Inc.	$10.3M	1.95%	0.00%	-3.8%	Q2 2013
CBChubb Ltd	$9.99M	1.90%	0.01%	-4.0%	Q2 2013
PGPROCTER & GAMBLE Co	$9.86M	1.87%	0.00%	-3.0%	Q2 2013
EMREmerson Electric Co	$9.76M	1.86%	0.01%	-2.3%	Q2 2013
WFCWells Fargo & Company	$9.73M	1.85%	0.00%	-3.0%	Q2 2013
CATCaterpillar Inc	$9.7M	1.84%	0.01%	-2.3%	Q2 2013
CVXChevron Corp	$9.53M	1.81%	0.00%	-3.5%	Q2 2013
ABTAbbott Laboratories	$9.14M	1.74%	0.00%	-3.0%	Q2 2013
XOMExxonMobil Holdings Corp	$8.89M	1.69%	0.00%	-9.0%	Q2 2013
LMTLockheed Martin Corp	$8.8M	1.67%	0.01%	-4.3%	Q2 2013
NSCNorfolk Southern Corp	$8.78M	1.67%	0.02%	-2.5%	Q2 2013
CPKChesapeake Utilities Corp	$8.57M	1.63%	0.00%	Not reported	Q2 2013
JNJJohnson & Johnson	$8.43M	1.60%	0.00%	-3.7%	Q2 2013
MRKMerck & Co., Inc.	$8.05M	1.53%	0.00%	-3.0%	Q2 2013
DISWalt Disney Co	$7.67M	1.46%	0.00%	-3.6%	Q2 2013
ZTSZoetis Inc.	$7.64M	1.45%	0.01%	-2.5%	Q1 2014
IBMInternational Business Machines Corp	$7.54M	1.43%	0.00%	-9.3%	Q2 2013
PMPhilip Morris International Inc.	$7.5M	1.43%	0.00%	-4.5%	Q2 2013
MDLZMondelez International, Inc.	$7.38M	1.40%	0.01%	-3.3%	Q2 2013
NXPINXP Semiconductors N.V.	$7.31M	1.39%	0.01%	-1.9%	Q1 2020
DLRDigital Realty Trust, Inc.	$6.94M	1.32%	0.01%	-3.8%	Q3 2019
TGTTarget Corp	$6.85M	1.30%	0.02%	-3.1%	Q2 2013
CARRCARRIER GLOBAL Corp	$6.82M	1.30%	0.01%	-3.1%	Q3 2020
CCICrown Castle Inc.	$6.45M	1.23%	0.01%	-3.7%	Q4 2018
TSMTaiwan Semiconductor Manufacturing Co Ltd	$6.19M	1.18%	0.00%	-2.1%	Q2 2013
MDTMedtronic plc	$5.89M	1.12%	0.01%	-2.8%	Q3 2020
NKENIKE, Inc.	$5.71M	1.09%	0.00%	-2.3%	Q2 2021
DHRDanaher Corp	$5.7M	1.08%	0.00%	-0.9%	Q1 2017
UPSUnited Parcel Service Inc	$5.68M	1.08%	0.01%	-3.9%	Q2 2013
DUKDuke Energy CORP	$5.06M	0.96%	0.01%	-4.2%	Q2 2013
KOCoca Cola Co	$4.44M	0.84%	0.00%	-3.8%	Q2 2013
MMM3m Co	$4.43M	0.84%	0.01%	-8.8%	Q2 2013
PEPPepsico Inc	$4.36M	0.83%	0.00%	-3.1%	Q2 2013
GOOGLAlphabet Inc.	$4.03M	0.77%	0.00%	-2.4%	Q4 2015
DIASPDR Dow Jones Industrial Average ETF Trust	$3.97M	0.75%	Not reported	-4.8%	Q2 2013
VZVerizon Communications Inc	$3.82M	0.73%	0.00%	-7.1%	Q2 2013
COFCapital One Financial Corp	$3.72M	0.71%	0.00%	-1.9%	Q2 2013
LLYELI LILLY & Co	$3.7M	0.70%	0.00%	-2.5%	Q2 2023
BRK.BBerkshire Hathaway Inc	$3.59M	0.68%	Not reported	Not reported	Q2 2013

Q1 2025Reported May 6, 2025109 positions
MSFTMicrosoft Corp	$28.5M	5.49%	0.00%	+0.3%	Q2 2013
AAPLApple Inc.	$22.7M	4.37%	0.00%	-1.0%	Q2 2013
JPMJPMorgan Chase & Co	$18.8M	3.62%	0.00%	-4.2%	Q2 2013
ADPAutomatic Data Processing Inc	$16.2M	3.12%	0.01%	-3.1%	Q2 2013
GOOGAlphabet Inc.	$16.2M	3.12%	Not reported	-1.5%	Q4 2015
TJXTJX Companies Inc	$16M	3.08%	0.01%	-2.2%	Q2 2013
AMZNAmazon Com Inc	$12.6M	2.43%	0.00%	+0.8%	Q1 2017
ABBVAbbVie Inc.	$12M	2.32%	0.00%	-1.3%	Q2 2013
CVXChevron Corp	$11.5M	2.22%	0.00%	-1.6%	Q2 2013
PGPROCTER & GAMBLE Co	$10.9M	2.09%	0.00%	-0.3%	Q2 2013
QCOMQualcomm Inc	$10.9M	2.09%	0.01%	-0.1%	Q2 2013
CBChubb Ltd	$10.8M	2.09%	0.01%	+0.2%	Q2 2013
XOMExxonMobil Holdings Corp	$10.8M	2.07%	0.00%	+0.3%	Q2 2013
BACBank of America Corp	$10.2M	1.97%	0.00%	-0.2%	Q2 2013
RTXRTX Corp	$9.99M	1.92%	0.01%	-14.3%	Q3 2020
GLWCorning Inc	$9.98M	1.92%	0.03%	-1.1%	Q2 2013
JNJJohnson & Johnson	$9.5M	1.83%	0.00%	+0.3%	Q2 2013
MRKMerck & Co., Inc.	$9.41M	1.81%	0.00%	+0.1%	Q2 2013
ABTAbbott Laboratories	$9.19M	1.77%	0.00%	-2.8%	Q2 2013
CPKChesapeake Utilities Corp	$9.15M	1.76%	0.31%	Not reported	Q2 2013
WFCWells Fargo & Company	$8.99M	1.73%	0.00%	-1.1%	Q2 2013
LMTLockheed Martin Corp	$8.87M	1.71%	0.01%	+0.4%	Q2 2013
CATCaterpillar Inc	$8.43M	1.62%	0.01%	+0.4%	Q2 2013
NSCNorfolk Southern Corp	$8.33M	1.60%	0.02%	-0.4%	Q2 2013
ZTSZoetis Inc.	$8.27M	1.59%	0.01%	-0.4%	Q1 2014
EMREmerson Electric Co	$8.21M	1.58%	0.01%	-2.4%	Q2 2013
MDLZMondelez International, Inc.	$7.68M	1.48%	0.01%	-0.1%	Q2 2013
TGTTarget Corp	$7.48M	1.44%	0.02%	-3.4%	Q2 2013
IBMInternational Business Machines Corp	$7.01M	1.35%	0.00%	+1.6%	Q2 2013
PMPhilip Morris International Inc.	$6.85M	1.32%	0.00%	+0.7%	Q2 2013
CCICrown Castle Inc.	$6.79M	1.31%	0.02%	+1.4%	Q4 2018
NXPINXP Semiconductors N.V.	$6.49M	1.25%	0.01%	-0.5%	Q1 2020
UPSUnited Parcel Service Inc	$6.44M	1.24%	0.01%	-0.5%	Q2 2013
DISWalt Disney Co	$6.34M	1.22%	0.00%	-0.3%	Q2 2013
MDTMedtronic plc	$6.24M	1.20%	0.01%	-0.2%	Q3 2020
CARRCARRIER GLOBAL Corp	$6.09M	1.17%	0.01%	-1.1%	Q3 2020
DHRDanaher Corp	$5.97M	1.15%	0.00%	+83.4%	Q1 2017
DLRDigital Realty Trust, Inc.	$5.93M	1.14%	0.01%	+0.3%	Q3 2019
DUKDuke Energy CORP	$5.47M	1.05%	0.01%	+1.3%	Q2 2013
NKENIKE, Inc.	$5.23M	1.01%	0.00%	+9.5%	Q2 2021
PEPPepsico Inc	$5.11M	0.98%	0.00%	-1.3%	Q2 2013
BMYBristol Myers Squibb Co	$4.76M	0.92%	0.00%	-1.7%	Q2 2013
MMM3m Co	$4.68M	0.90%	0.01%	-0.6%	Q2 2013
KOCoca Cola Co	$4.67M	0.90%	0.00%	-0.7%	Q2 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$4.63M	0.89%	0.00%	-2.3%	Q2 2013
VZVerizon Communications Inc	$4.31M	0.83%	0.00%	+0.1%	Q2 2013
LLYELI LILLY & Co	$4.02M	0.77%	0.00%	+1.6%	Q2 2023
DIASPDR Dow Jones Industrial Average ETF Trust	$3.98M	0.77%	Not reported	+7.3%	Q2 2013
BRK.BBerkshire Hathaway Inc	$3.94M	0.76%	Not reported	-0.9%	Q2 2013
GOOGLAlphabet Inc.	$3.63M	0.70%	0.00%	-2.4%	Q4 2015

Q4 2024Reported Feb 5, 2025109 positions
MSFTMicrosoft Corp	$31.9M	6.04%	0.00%	-1.0%	Q2 2013
AAPLApple Inc.	$25.8M	4.88%	0.00%	-1.8%	Q2 2013
GOOGAlphabet Inc.	$20M	3.79%	Not reported	-0.8%	Q4 2015
JPMJPMorgan Chase & Co	$19.2M	3.63%	0.00%	-0.8%	Q2 2013
TJXTJX Companies Inc	$16.2M	3.06%	0.01%	-0.7%	Q2 2013
ADPAutomatic Data Processing Inc	$16M	3.03%	0.01%	-0.5%	Q2 2013
AMZNAmazon Com Inc	$14.4M	2.73%	0.00%	-0.1%	Q1 2017
QCOMQualcomm Inc	$10.9M	2.06%	0.01%	-0.2%	Q2 2013
BACBank of America Corp	$10.8M	2.04%	0.00%	-0.5%	Q2 2013
PGPROCTER & GAMBLE Co	$10.7M	2.03%	0.00%	-0.4%	Q2 2013
GLWCorning Inc	$10.5M	1.98%	0.03%	-1.2%	Q2 2013
MRKMerck & Co., Inc.	$10.4M	1.97%	0.00%	+0.5%	Q2 2013
ABBVAbbVie Inc.	$10.3M	1.95%	0.00%	+0.5%	Q2 2013
RTXRTX Corp	$10.2M	1.93%	0.01%	-0.7%	Q3 2020
CVXChevron Corp	$10.1M	1.92%	0.00%	-0.3%	Q2 2013
TGTTarget Corp	$10M	1.90%	0.02%	+0.9%	Q2 2013
CBChubb Ltd	$9.9M	1.87%	0.01%	-0.4%	Q2 2013
XOMExxonMobil Holdings Corp	$9.71M	1.84%	0.00%	-0.3%	Q2 2013
LMTLockheed Martin Corp	$9.61M	1.82%	0.01%	-0.2%	Q2 2013
EMREmerson Electric Co	$9.51M	1.80%	0.01%	-0.2%	Q2 2013
CATCaterpillar Inc	$9.24M	1.75%	0.01%	-0.5%	Q2 2013
WFCWells Fargo & Company	$8.9M	1.68%	0.00%	-1.5%	Q2 2013
CPKChesapeake Utilities Corp	$8.65M	1.64%	0.00%	Not reported	Q2 2013
NSCNorfolk Southern Corp	$8.29M	1.57%	0.02%	+0.1%	Q2 2013
JNJJohnson & Johnson	$8.26M	1.56%	0.00%	+0.3%	Q2 2013
ZTSZoetis Inc.	$8.21M	1.55%	0.01%	-0.2%	Q1 2014
ABTAbbott Laboratories	$8.06M	1.52%	0.00%	-0.2%	Q2 2013
UPSUnited Parcel Service Inc	$7.42M	1.40%	0.01%	+7.3%	Q2 2013
DLRDigital Realty Trust, Inc.	$7.32M	1.38%	12.26%	+0.9%	Q3 2019
DISWalt Disney Co	$7.17M	1.36%	0.00%	-2.7%	Q2 2013
NXPINXP Semiconductors N.V.	$7.13M	1.35%	0.01%	-1.3%	Q1 2020
MDLZMondelez International, Inc.	$6.77M	1.28%	0.01%	+7.8%	Q2 2013
CARRCARRIER GLOBAL Corp	$6.63M	1.25%	0.01%	-0.3%	Q3 2020
IBMInternational Business Machines Corp	$6.1M	1.15%	0.00%	-0.9%	Q2 2013
CCICrown Castle Inc.	$5.83M	1.10%	0.01%	+0.4%	Q4 2018
NKENIKE, Inc.	$5.69M	1.08%	0.00%	Not reported	Q2 2021
TSMTaiwan Semiconductor Manufacturing Co Ltd	$5.64M	1.07%	0.00%	-2.6%	Q2 2013
MDTMedtronic plc	$5.56M	1.05%	0.01%	-2.4%	Q3 2020
PEPPepsico Inc	$5.25M	0.99%	0.00%	+0.5%	Q2 2013
PMPhilip Morris International Inc.	$5.15M	0.97%	0.00%	-0.5%	Q2 2013
DUKDuke Energy CORP	$4.77M	0.90%	0.01%	+0.2%	Q2 2013
GOOGLAlphabet Inc.	$4.55M	0.86%	0.00%	-1.1%	Q4 2015
BMYBristol Myers Squibb Co	$4.49M	0.85%	0.00%	-4.0%	Q2 2013
MMM3m Co	$4.14M	0.78%	0.01%	+1.4%	Q2 2013
KOCoca Cola Co	$4.08M	0.77%	0.00%	-2.0%	Q2 2013
VZVerizon Communications Inc	$3.8M	0.72%	0.00%	-0.2%	Q2 2013
DIASPDR Dow Jones Industrial Average ETF Trust	$3.76M	0.71%	Not reported	-1.6%	Q2 2013
LLYELI LILLY & Co	$3.7M	0.70%	0.00%	+4.6%	Q2 2023
DHRDanaher Corp	$3.64M	0.69%	0.00%	+34.8%	Q1 2017
BRK.BBerkshire Hathaway Inc	$3.38M	0.64%	Not reported	-0.2%	Q2 2013

Q3 2024Reported Nov 8, 2024108 positions
MSFTMicrosoft Corp	$32.9M	6.17%	0.00%	-2.1%	Q2 2013
AAPLApple Inc.	$24.4M	4.58%	0.00%	-0.8%	Q2 2013
GOOGAlphabet Inc.	$17.7M	3.33%	Not reported	-4.1%	Q4 2015
JPMJPMorgan Chase & Co	$17M	3.19%	0.00%	-2.4%	Q2 2013
TJXTJX Companies Inc	$15.9M	2.98%	0.01%	-1.9%	Q2 2013
ADPAutomatic Data Processing Inc	$15.2M	2.85%	0.01%	-1.9%	Q2 2013
AMZNAmazon Com Inc	$12.3M	2.30%	0.00%	+2.4%	Q1 2017
QCOMQualcomm Inc	$12.1M	2.26%	0.01%	-2.5%	Q2 2013
MRKMerck & Co., Inc.	$11.8M	2.22%	0.00%	-1.2%	Q2 2013
LMTLockheed Martin Corp	$11.6M	2.17%	0.01%	-2.6%	Q2 2013
TGTTarget Corp	$11.5M	2.15%	0.02%	+0.5%	Q2 2013
ABBVAbbVie Inc.	$11.4M	2.14%	0.00%	-1.8%	Q2 2013
PGPROCTER & GAMBLE Co	$11.1M	2.09%	0.00%	-1.1%	Q2 2013
RTXRTX Corp	$10.7M	2.01%	0.01%	-5.6%	Q3 2020
XOMExxonMobil Holdings Corp	$10.6M	1.99%	Not reported	-2.1%	Q2 2013
CBChubb Ltd	$10.4M	1.94%	0.01%	-2.3%	Q2 2013
CVXChevron Corp	$10.3M	1.94%	0.00%	+1.5%	Q2 2013
GLWCorning Inc	$10.1M	1.89%	0.03%	-3.1%	Q2 2013
CATCaterpillar Inc	$10M	1.88%	0.01%	-2.9%	Q2 2013
ZTSZoetis Inc.	$9.87M	1.85%	0.01%	-2.3%	Q1 2014
BACBank of America Corp	$9.77M	1.83%	0.00%	-3.5%	Q2 2013
JNJJohnson & Johnson	$9.23M	1.73%	0.00%	-2.7%	Q2 2013
CPKChesapeake Utilities Corp	$8.85M	1.66%	0.00%	Not reported	Q2 2013
NSCNorfolk Southern Corp	$8.77M	1.64%	0.02%	-3.5%	Q2 2013
EMREmerson Electric Co	$8.41M	1.58%	0.01%	-2.3%	Q2 2013
NXPINXP Semiconductors N.V.	$8.34M	1.56%	0.01%	-1.4%	Q1 2020
ABTAbbott Laboratories	$8.14M	1.53%	0.00%	-3.7%	Q2 2013
CARRCARRIER GLOBAL Corp	$7.85M	1.47%	0.01%	-3.2%	Q3 2020
MDLZMondelez International, Inc.	$7.74M	1.45%	0.01%	-2.4%	Q2 2013
CCICrown Castle Inc.	$7.59M	1.42%	0.01%	-4.1%	Q4 2018
UPSUnited Parcel Service Inc	$7.48M	1.40%	0.01%	+18.4%	Q2 2013
WFCWells Fargo & Company	$7.26M	1.36%	0.00%	-1.9%	Q2 2013
DLRDigital Realty Trust, Inc.	$6.62M	1.24%	0.01%	-2.1%	Q3 2019
MDTMedtronic plc	$6.41M	1.20%	0.01%	-5.6%	Q3 2020
DISWalt Disney Co	$6.37M	1.19%	0.00%	-4.3%	Q2 2013
IBMInternational Business Machines Corp	$6.19M	1.16%	0.00%	-2.5%	Q2 2013
PEPPepsico Inc	$5.84M	1.09%	0.00%	-0.5%	Q2 2013
PMPhilip Morris International Inc.	$5.23M	0.98%	0.00%	-4.0%	Q2 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$5.09M	0.95%	0.00%	-3.4%	Q2 2013
DUKDuke Energy CORP	$5.09M	0.95%	0.01%	-10.5%	Q2 2013
KOCoca Cola Co	$4.81M	0.90%	0.00%	-1.9%	Q2 2013
MMM3m Co	$4.32M	0.81%	0.01%	-5.2%	Q2 2013
BMYBristol Myers Squibb Co	$4.28M	0.80%	0.00%	-5.3%	Q2 2013
VZVerizon Communications Inc	$4.27M	0.80%	0.00%	-4.0%	Q2 2013
LLYELI LILLY & Co	$4.05M	0.76%	0.00%	+32.0%	Q2 2023
GOOGLAlphabet Inc.	$4.03M	0.76%	0.00%	-0.6%	Q4 2015
DDDuPont de Nemours, Inc.	$3.92M	0.74%	0.01%	-4.8%	Q3 2019
DIASPDR Dow Jones Industrial Average ETF Trust	$3.79M	0.71%	Not reported	-11.1%	Q2 2013
BRK.BBerkshire Hathaway Inc	$3.44M	0.64%	Not reported	Not reported	Q2 2013
DHRDanaher Corp	$3.27M	0.61%	0.00%	-0.5%	Q1 2017

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