# Tufton Capital Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1055963. Source: https://holderbook.com/funds/1055963-tufton-capital-management/

- Reported value: $596.0M
- Positions: 127
- Weight of the ten largest: 38.0%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $36.7M | 143,707 | 6.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $29.2M | 82,589 | 4.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $27.1M | 72,618 | 4.5% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.0M | 93,351 | 4.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $23.2M | 21,801 | 3.9% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $22.9M | 69,812 | 3.8% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $17.7M | 116,836 | 3.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.9M | 66,916 | 2.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $13.6M | 53,500 | 2.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $13.5M | 53,477 | 2.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $13.1M | 69,217 | 2.2% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $12.7M | 223,305 | 2.1% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $12.6M | 98,272 | 2.1% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $11.7M | 63,264 | 2.0% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $11.3M | 23,757 | 1.9% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $11.2M | 33,011 | 1.9% | 31 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $11.2M | 81,728 | 1.9% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $11.1M | 49,619 | 1.9% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $10.4M | 32,919 | 1.7% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $10.3M | 61,965 | 1.7% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $10.1M | 70,618 | 1.7% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $9.6M | 115,976 | 1.6% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $9.3M | 18,197 | 1.6% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $9.1M | 62,388 | 1.5% | 31 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $8.9M | 31,625 | 1.5% | 26 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $8.3M | 63,678 | 1.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $7.4M | 26,364 | 1.2% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.3M | 20,496 | 1.2% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $7.2M | 39,565 | 1.2% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $7.0M | 38,725 | 1.2% | 26 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.9M | 5,728 | 1.2% | 13 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $6.5M | 88,589 | 1.1% | 25 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $6.2M | 68,318 | 1.0% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $5.9M | 101,380 | 1.0% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.8M | 41,740 | 1.0% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.6M | 7,448 | 0.9% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $5.4M | 42,390 | 0.9% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $5.2M | 27,082 | 0.9% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $5.1M | 47,813 | 0.9% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $4.9M | 30,071 | 0.8% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.9M | 59,788 | 0.8% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.8M | 61,711 | 0.8% | 24 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $4.4M | 8,350 | 0.7% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.2M | 35,797 | 0.7% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.9M | 29,114 | 0.7% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.7M | 64,310 | 0.6% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.7M | 7,364 | 0.6% | 31 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $3.6M | 48,172 | 0.6% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $3.6M | 17,777 | 0.6% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.5M | 36,180 | 0.6% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $3.4M | 80,685 | 0.6% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $3.1M | 43,742 | 0.5% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 4,162 | 0.5% | 31 |
| CHESAPEAKE UTILS CORP | [CPK](https://holderbook.com/stocks/CPK/) | $3.1M | 25,375 | 0.5% | 31 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $3.0M | 82,230 | 0.5% | 31 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $2.4M | 14,729 | 0.4% | 3 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.2M | 9,082 | 0.4% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.1M | 2,260 | 0.4% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.1M | 22,889 | 0.4% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.9M | 26,814 | 0.3% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.8M | 19,067 | 0.3% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.7M | 41,464 | 0.3% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.6M | 27,528 | 0.3% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.6M | 2,582 | 0.3% | 31 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $1.6M | 10,716 | 0.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.5M | 4,445 | 0.3% | 30 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.4M | 17,909 | 0.2% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 6,710 | 0.2% | 13 |
| DUPONT DE NEMOURS INC | - | $1.3M | 9,584 | 0.2% | 1 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.3M | 25,728 | 0.2% | 31 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $1.3M | 3,649 | 0.2% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 2,153 | 0.2% | 19 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.2M | 7,984 | 0.2% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.1M | 13,704 | 0.2% | 31 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $1.0M | 14,218 | 0.2% | 25 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $976.0K | 11,793 | 0.2% | 31 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $967.0K | 28,455 | 0.2% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $933.0K | 20,086 | 0.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $917.0K | 2,674 | 0.2% | 24 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $915.0K | 2,450 | 0.2% | 15 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $911.0K | 5,575 | 0.2% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $828.0K | 9,438 | 0.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $771.0K | 6,809 | 0.1% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $741.0K | 631 | 0.1% | 6 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $723.0K | 6,361 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $709.0K | 1,033 | 0.1% | 2 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $666.0K | 9,264 | 0.1% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $658.0K | 2,421 | 0.1% | 30 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $647.0K | 2,935 | 0.1% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $568.0K | 1,334 | 0.1% | 14 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $553.0K | 2,906 | 0.1% | 13 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $548.0K | 12,360 | 0.1% | 2 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $540.0K | 11,137 | 0.1% | 6 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $526.0K | 11,072 | 0.1% | 31 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $509.0K | 24,215 | 0.1% | 25 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $499.0K | 6,990 | 0.1% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $481.0K | 1,364 | 0.1% | 30 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $480.0K | 475 | 0.1% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $478.0K | 649 | 0.1% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $451.0K | 1,135 | 0.1% | 15 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.8% | +14.8% | -2.0% | 100% |
| Q1 2026 | -0.2% | -4.6% | +4.5% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.6% | 100% |
| Q3 2025 | +6.7% | +7.8% | -1.1% | 100% |
| Q2 2025 | +5.2% | +10.5% | -5.3% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2024 | -1.6% | +2.1% | -3.8% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $596.0M | 127 |
| Q1 2026 | $549.7M | 125 |
| Q4 2025 | $572.1M | 121 |
| Q3 2025 | $561.0M | 117 |
| Q2 2025 | $525.9M | 117 |
| Q1 2025 | $519.2M | 119 |
| Q4 2024 | $528.7M | 119 |
| Q3 2024 | $533.4M | 120 |
| Q2 2024 | $514.2M | 118 |
| Q1 2024 | $509.2M | 117 |
| Q4 2023 | $476.7M | 122 |
| Q3 2023 | $448.2M | 119 |