Tufton Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO COM	COM	88579Y101	4,921	23,635	SH		SOLE		0	0	23,635
ABBOTT LABS COM	COM	002824100	5,666	116,570	SH		SOLE		0	0	116,570
ABBVIE INC COM	COM	00287Y109	10,049	138,585	SH		SOLE		0	0	138,585
AIR PRODS & CHEMS INC COM	COM	009158106	300	2,100	SH		SOLE		0	0	2,100
ALLERGAN PLC	COM	g0177j108	285	1,173	SH		SOLE		0	0	1,173
ALLSTATE CORP COM	COM	020002101	201	2,270	SH		SOLE		0	0	2,270
ALPHABET INC CAP STK CL A	COM	02079K305	2,079	2,236	SH		SOLE		0	0	2,236
ALPHABET INC CAP STK CL C	COM	02079K107	8,400	9,244	SH		SOLE		0	0	9,244
ALTRIA GROUP INC COM	COM	02209S103	3,842	51,591	SH		SOLE		0	0	51,591
AMAZON COM INC COM	COM	023135106	203	210	SH		SOLE		0	0	210
AMERICAN EXPRESS CO COM	COM	025816109	232	2,753	SH		SOLE		0	0	2,753
ANTHEM INC COM	COM	036752103	995	5,290	SH		SOLE		0	0	5,290
APPLE INC COM	COM	037833100	966	6,706	SH		SOLE		0	0	6,706
AT&T INC COM	COM	00206R102	6,921	183,433	SH		SOLE		0	0	183,433
AUTOMATIC DATA PROCESSING INC	COM	053015103	7,968	77,765	SH		SOLE		0	0	77,765
BANK AMER CORP COM	COM	060505104	3,443	141,905	SH		SOLE		0	0	141,905
BERKSHIRE HATHAWAY INC DEL CL	COM	084670108	255	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	1,111	6,559	SH		SOLE		0	0	6,559
BOEING CO COM	COM	097023105	3,717	18,795	SH		SOLE		0	0	18,795
BRISTOL MYERS SQUIBB CO COM	COM	110122108	9,455	169,684	SH		SOLE		0	0	169,684
BROWN FORMAN CORP	COM	115637209	372	7,651	SH		SOLE		0	0	7,651
CAPITAL ONE FINL CORP COM	COM	14040H105	1,995	24,151	SH		SOLE		0	0	24,151
CATERPILLAR INC DEL COM	COM	149123101	8,350	77,705	SH		SOLE		0	0	77,705
CELGENE CORP COM	COM	151020104	2,263	17,422	SH		SOLE		0	0	17,422
CHESAPEAKE UTILS CORP COM	COM	165303108	8,558	114,179	SH		SOLE		0	0	114,179
CHEVRON CORP NEW COM	COM	166764100	7,247	69,464	SH		SOLE		0	0	69,464
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	335	804	SH		SOLE		0	0	804
CHUBB LTD New	COM	h1467j104	4,240	29,165	SH		SOLE		0	0	29,165
CISCO SYS INC COM	COM	17275R102	224	7,159	SH		SOLE		0	0	7,159
COCA COLA CO COM	COM	191216100	3,787	84,434	SH		SOLE		0	0	84,434
COLGATE PALMOLIVE CO COM	COM	194162103	6,262	84,471	SH		SOLE		0	0	84,471
COMCAST CORP NEW CL A	COM	20030n101	541	13,891	SH		SOLE		0	0	13,891
COMPUTER SVCS INC COM	COM	20539A105	762	16,204	SH		SOLE		0	0	16,204
CORNING INC COM	COM	219350105	6,442	214,386	SH		SOLE		0	0	214,386
COSTCO WHSL CORP NEW COM	COM	22160K105	473	2,955	SH		SOLE		0	0	2,955
CSX CORP COM	COM	126408103	316	5,800	SH		SOLE		0	0	5,800
CVS HEALTH CORP COM	COM	126650100	252	3,133	SH		SOLE		0	0	3,133
DANAHER CORP DEL COM	COM	235851102	292	3,460	SH		SOLE		0	0	3,460
DEERE & CO COM	COM	244199105	442	3,575	SH		SOLE		0	0	3,575
DISNEY WALT CO COM DISNEY	COM	254687106	4,969	46,767	SH		SOLE		0	0	46,767
DU PONT E I DE NEMOURS & CO CO	COM	263534109	8,710	107,917	SH		SOLE		0	0	107,917
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	4,908	58,716	SH		SOLE		0	0	58,716
DXC TECHNOLOGY CO	COM	23355l106	592	7,716	SH		SOLE		0	0	7,716
ECOSPHERE TECH INC COM	COM	27922X105	0	10,500	SH		SOLE		0	0	10,500
EMERSON ELEC CO COM	COM	291011104	8,427	141,349	SH		SOLE		0	0	141,349
ENTERPRISE PRODS PARTNERS L P	COM	293792107	6,574	242,748	SH		SOLE		0	0	242,748
EXXON MOBIL CORP COM	COM	30231G102	13,051	161,657	SH		SOLE		0	0	161,657
FARMER & MERCHANTS BANCORP INC	COM	30779N105	457	7,365	SH		SOLE		0	0	7,365
GENERAL ELECTRIC CO COM	COM	369604103	12,356	457,448	SH		SOLE		0	0	457,448
GENERAL MLS INC COM	COM	370334104	260	4,699	SH		SOLE		0	0	4,699
HARLEY DAVIDSON INC COM	COM	412822108	7,474	138,362	SH		SOLE		0	0	138,362
HELMERICH & PAYNE INC COM	COM	423452101	4,282	78,793	SH		SOLE		0	0	78,793
HERCULES CAPITAL INC	COM	427096508	753	56,906	SH		SOLE		0	0	56,906
HEWLETT PACKARD ENTERPRISE CO	COM	42824C109	1,422	85,740	SH		SOLE		0	0	85,740
HOME DEPOT INC COM	COM	437076102	228	1,488	SH		SOLE		0	0	1,488
HONEYWELL INTL INC COM	COM	438516106	259	1,940	SH		SOLE		0	0	1,940
HP INC COM	COM	40434L105	428	24,506	SH		SOLE		0	0	24,506
INTEL CORP COM	COM	458140100	10,189	301,986	SH		SOLE		0	0	301,986
INTERNATIONAL BUSINESS MACHS C	COM	459200101	6,873	44,677	SH		SOLE		0	0	44,677
INTEROIL CORP ESC PARENT #384l	COM	460esc890	0	19,197	SH		SOLE		0	0	19,197
ISHARES TR NORTH AMERN TECH ET	COM	464287549	391	2,700	SH		SOLE		0	0	2,700
JOHNSON & JOHNSON COM	COM	478160104	11,382	86,042	SH		SOLE		0	0	86,042
JPMORGAN CHASE & CO COM	COM	46625H100	12,994	142,163	SH		SOLE		0	0	142,163
KEYW HOLDINGS CORP	COM	493723100	559	59,790	SH		SOLE		0	0	59,790
KIPS BAY MED INC COM	COM	49726k105	0	10,000	SH		SOLE		0	0	10,000
KRAFT HEINZ CO COM	COM	500754106	5,013	58,531	SH		SOLE		0	0	58,531
LEGGETT & PLATT INC COM	COM	524660107	2,685	51,108	SH		SOLE		0	0	51,108
LOCKHEED MARTIN CORP COM	COM	539830109	9,100	32,780	SH		SOLE		0	0	32,780
LOWES COS INC COM	COM	548661107	395	5,100	SH		SOLE		0	0	5,100
M & T BK CORP COM	COM	55261F104	460	2,843	SH		SOLE		0	0	2,843
MCCORMICK & CO INC COM NON VTG	COM	579780206	16,756	171,842	SH		SOLE		0	0	171,842
MCCORMICK & CO INC COM VTG	COM	579780107	38,388	393,195	SH		SOLE		0	0	393,195
MERCK & CO INC NEW COM	COM	58933Y105	11,371	177,418	SH		SOLE		0	0	177,418
MFA FINANCIAL INC	COM	55272x102	244	29,100	SH		SOLE		0	0	29,100
MICROSOFT CORP COM	COM	594918104	13,163	190,965	SH		SOLE		0	0	190,965
MONDELEZ INTL INC CL A	COM	609207105	4,107	95,098	SH		SOLE		0	0	95,098
NEWELL BRANDS INC.	COM	651229106	6,247	116,514	SH		SOLE		0	0	116,514
NEXTERA ENERGY INC COM	COM	65339F101	283	2,016	SH		SOLE		0	0	2,016
NOBLE ENERGY INC COM	COM	655044105	453	16,000	SH		SOLE		0	0	16,000
NORDSTROM INC COM	COM	655664100	4,429	92,592	SH		SOLE		0	0	92,592
NORFOLK SOUTHERN CORP COM	COM	655844108	8,864	72,832	SH		SOLE		0	0	72,832
NUCOR CORP COM	COM	670346105	4,832	83,491	SH		SOLE		0	0	83,491
OLIN CORP $1 NEW	COM	680665205	3,196	105,550	SH		SOLE		0	0	105,550
ORACLE CORP COM	COM	68389X105	12,368	246,672	SH		SOLE		0	0	246,672
PACCAR INC COM	COM	693718108	5,829	88,261	SH		SOLE		0	0	88,261
PANERA BREAD CO CL A	COM	69840W108	319	1,014	SH		SOLE		0	0	1,014
PAPA JOHNS INTL INC	COM	698813102	204	2,846	SH		SOLE		0	0	2,846
PEPSICO INC COM	COM	713448108	4,716	40,832	SH		SOLE		0	0	40,832
PHILIP MORRIS INTL INC COM	COM	718172109	4,662	39,694	SH		SOLE		0	0	39,694
PNC FINL SVCS GROUP INC COM	COM	693475105	1,325	10,611	SH		SOLE		0	0	10,611
POWERSHARES EXC TRADED FD TR I	COM	73937B779	386	8,638	SH		SOLE		0	0	8,638
PPL CORP COM	COM	69351T106	208	5,390	SH		SOLE		0	0	5,390
PRICE T ROWE GROUP INC COM	COM	74144T108	657	8,848	SH		SOLE		0	0	8,848
PROCTER & GAMBLE CO COM	COM	742718109	9,667	110,922	SH		SOLE		0	0	110,922
QUALCOMM INC COM	COM	747525103	5,934	107,456	SH		SOLE		0	0	107,456
SCHLUMBERGER LTD COM	COM	806857108	243	3,697	SH		SOLE		0	0	3,697
SOUTHERN CO COM	COM	842587107	219	4,573	SH		SOLE		0	0	4,573
SPDR DOW JONES INDL AVRG ETF U	COM	78467X109	2,558	11,995	SH		SOLE		0	0	11,995
SPDR S&P 500 ETF TR TR UNIT	COM	78462F103	2,720	11,251	SH		SOLE		0	0	11,251
SPDR SERIES TRUST S&P DIVID ET	COM	78464A763	875	9,844	SH		SOLE		0	0	9,844
SYSCO CORP COM	COM	871829107	2,162	42,950	SH		SOLE		0	0	42,950
TARGET CORP COM	COM	87612E106	8,661	165,641	SH		SOLE		0	0	165,641
TERRACO GOLD CORP COM	COM	88101N102	7	100,000	SH		SOLE		0	0	100,000
THERMO FISHERSCIENTIFIC INC	COM	883556102	262	1,500	SH		SOLE		0	0	1,500
TIFFANY & CO NEW COM	COM	886547108	1,778	18,938	SH		SOLE		0	0	18,938
TJX COS INC NEW COM	COM	872540109	443	6,135	SH		SOLE		0	0	6,135
UNDER ARMOUR INC CLASS C	COM	904311206	408	20,219	SH		SOLE		0	0	20,219
UNI-PIXEL INC	COM	904572203	24	62,500	SH		SOLE		0	0	62,500
UNITED PARCEL SERVICE INC CL B	COM	911312106	4,311	38,979	SH		SOLE		0	0	38,979
UNITED TECHNOLOGIES CORP COM	COM	913017109	9,170	75,098	SH		SOLE		0	0	75,098
V F CORP COM	COM	918204108	6,762	117,390	SH		SOLE		0	0	117,390
VANECK VECTORS BIOTECH ETF	COM	92189f726	333	2,650	SH		SOLE		0	0	2,650
VAREX IMAGING CORP	COM	922141064	201	5,938	SH		SOLE		0	0	5,938
VARIAN MED SYS INC COM	COM	92220P105	1,532	14,845	SH		SOLE		0	0	14,845
VERIZON COMMUNICATIONS INC COM	COM	92343V104	6,994	156,603	SH		SOLE		0	0	156,603
WAL-MART STORES INC COM	COM	931142103	229	3,030	SH		SOLE		0	0	3,030
WASHINGTON REAL ESTATE INVT TR	COM	939653101	6,930	217,247	SH		SOLE		0	0	217,247
WELLS FARGO & CO NEW COM	COM	949746101	8,962	161,747	SH		SOLE		0	0	161,747
WISDOMTREE TR LARGECAP DIVID	COM	97717W307	429	5,100	SH		SOLE		0	0	5,100
ZOETIS INC CL A	COM	98978V103	3,393	54,387	SH		SOLE		0	0	54,387
ISHARES MSCI EAFE MIN VOL ETF	INT	46429b689	332	4,800	SH		SOLE		0	0	4,800
QUATERRA RES INC COM	INT	747952109	8	100,700	SH		SOLE		0	0	100,700
ROYAL DUTCH SHELL ADR	INT	131004202	209	3,928	SH		SOLE		0	0	3,928
TAIWAN SEMICONDUCTOR MFG LTD S	INT	874039100	1,651	47,233	SH		SOLE		0	0	47,233
TATE & LYLE PLC SPONSORED ADR	INT	876570607	583	16,525	SH		SOLE		0	0	16,525
TEVA PHARMACEUTICAL INDS LTD A	INT	881624209	1,340	40,328	SH		SOLE		0	0	40,328
VANGUARD INTL EQUITY INDEX FD	INT	922042858	1,061	25,975	SH		SOLE		0	0	25,975