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
Estimated average burden
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	5,347	22,716	SH		SOLE		0	0	22,716
ABBOTT LABS COM	COM	002824100	6,464	113,262	SH		SOLE		0	0	113,262
ABBVIE INC COM	COM	00287Y109	12,041	124,504	SH		SOLE		0	0	124,504
AIR PRODS & CHEMS INC COM	COM	009158106	345	2,100	SH		SOLE		0	0	2,100
ALPHABET INC CAP STK CL A	COM	02079K305	2,111	2,004	SH		SOLE		0	0	2,004
ALPHABET INC CAP STK CL C	COM	02079K107	9,634	9,207	SH		SOLE		0	0	9,207
ALTRIA GROUP INC COM	COM	02209S103	3,782	52,966	SH		SOLE		0	0	52,966
AMAZON COM INC COM	COM	023135106	246	210	SH		SOLE		0	0	210
AMERICAN EXPRESS CO COM	COM	025816109	273	2,753	SH		SOLE		0	0	2,753
ANTHEM INC COM	COM	036752103	1,145	5,090	SH		SOLE		0	0	5,090
APPLE INC COM	COM	037833100	1,130	6,679	SH		SOLE		0	0	6,679
AT&T INC COM	COM	00206R102	7,576	194,866	SH		SOLE		0	0	194,866
AUTOMATIC DATA PROCESSING INC	COM	053015103	9,357	79,843	SH		SOLE		0	0	79,843
BANK AMER CORP COM	COM	060505104	4,832	163,682	SH		SOLE		0	0	163,682
BERKSHIRE HATHAWAY INC DEL CL	COM	084670108	298	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	1,335	6,734	SH		SOLE		0	0	6,734
BOEING CO COM	COM	097023105	4,859	16,476	SH		SOLE		0	0	16,476
BRISTOL MYERS SQUIBB CO COM	COM	110122108	10,530	171,827	SH		SOLE		0	0	171,827
BROWN FORMAN CORP	COM	115637209	525	7,651	SH		SOLE		0	0	7,651
CAPITAL ONE FINL CORP COM	COM	14040H105	1,994	20,029	SH		SOLE		0	0	20,029
CATERPILLAR INC DEL COM	COM	149123101	11,687	74,166	SH		SOLE		0	0	74,166
CELGENE CORP COM	COM	151020104	1,814	17,384	SH		SOLE		0	0	17,384
CHESAPEAKE UTILS CORP COM	COM	165303108	8,380	106,679	SH		SOLE		0	0	106,679
CHEVRON CORP NEW COM	COM	166764100	8,639	69,008	SH		SOLE		0	0	69,008
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	257	890	SH		SOLE		0	0	890
CHUBB LTD New	COM	h1467j104	4,203	28,759	SH		SOLE		0	0	28,759
CISCO SYS INC COM	COM	17275R102	269	7,012	SH		SOLE		0	0	7,012
COCA COLA CO COM	COM	191216100	3,788	82,570	SH		SOLE		0	0	82,570
COLGATE PALMOLIVE CO COM	COM	194162103	6,402	84,855	SH		SOLE		0	0	84,855
COMCAST CORP NEW CL A	COM	20030n101	534	13,331	SH		SOLE		0	0	13,331
COMPUTER SVCS INC COM	COM	20539A105	753	16,204	SH		SOLE		0	0	16,204
CORNING INC COM	COM	219350105	6,830	213,511	SH		SOLE		0	0	213,511
COSTCO WHSL CORP NEW COM	COM	22160K105	544	2,925	SH		SOLE		0	0	2,925
COTY INC. CLASS A	COM	222070203	1,353	68,011	SH		SOLE		0	0	68,011
CSX CORP COM	COM	126408103	292	5,300	SH		SOLE		0	0	5,300
CVS HEALTH CORP COM	COM	126650100	234	3,233	SH		SOLE		0	0	3,233
DANAHER CORP DEL COM	COM	235851102	284	3,060	SH		SOLE		0	0	3,060
DEERE & CO COM	COM	244199105	560	3,575	SH		SOLE		0	0	3,575
DISNEY WALT CO COM	COM	254687106	4,986	46,374	SH		SOLE		0	0	46,374
DOWDUPONT INC COM	COM	26078J100	9,862	138,472	SH		SOLE		0	0	138,472
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	4,934	58,661	SH		SOLE		0	0	58,661
DXC TECHNOLOGY CO	COM	23355l106	408	4,296	SH		SOLE		0	0	4,296
ECOSPHERE TECH INC COM	COM	27922X105	0	10,500	SH		SOLE		0	0	10,500
EMERSON ELEC CO COM	COM	291011104	9,739	139,744	SH		SOLE		0	0	139,744
ENTERPRISE PRODS PARTNERS L P	COM	293792107	6,546	246,932	SH		SOLE		0	0	246,932
EXXON MOBIL CORP COM	COM	30231G102	13,527	161,725	SH		SOLE		0	0	161,725
FARMER & MERCHANTS BANCORP INC	COM	30779N105	530	13,000	SH		SOLE		0	0	13,000
FIDELITY MSCI REAL ESTATE ETF	COM	316092857	485	19,626	SH		SOLE		0	0	19,626
GENERAL ELECTRIC CO COM	COM	369604103	7,766	445,047	SH		SOLE		0	0	445,047
GENERAL MLS INC COM	COM	370334104	269	4,541	SH		SOLE		0	0	4,541
HARLEY DAVIDSON INC COM	COM	412822108	7,418	145,797	SH		SOLE		0	0	145,797
HELMERICH & PAYNE INC COM	COM	423452101	4,920	76,107	SH		SOLE		0	0	76,107
HERCULES CAPITAL INC	COM	427096508	592	45,142	SH		SOLE		0	0	45,142
HEWLETT PACKARD ENTERPRISE CO	COM	42824C109	675	46,979	SH		SOLE		0	0	46,979
HOME DEPOT INC COM	COM	437076102	269	1,418	SH		SOLE		0	0	1,418
HONEYWELL INTL INC COM	COM	438516106	291	1,900	SH		SOLE		0	0	1,900
HP INC COM	COM	40434L105	512	24,356	SH		SOLE		0	0	24,356
INTEL CORP COM	COM	458140100	14,124	305,990	SH		SOLE		0	0	305,990
INTERNATIONAL BUSINESS MACHS C	COM	459200101	9,246	60,266	SH		SOLE		0	0	60,266
ISHARES CORE S&P 500 ETF	COM	464287200	651	2,422	SH		SOLE		0	0	2,422
ISHARES CORE S&P MID-CAP ETF	COM	464287507	576	3,035	SH		SOLE		0	0	3,035
ISHARES CORE S&P SMALL-CAP ETF	COM	464287804	472	6,142	SH		SOLE		0	0	6,142
ISHARES TR NORTH AMERN TECH ET	COM	464287549	456	2,700	SH		SOLE		0	0	2,700
JOHNSON & JOHNSON COM	COM	478160104	11,936	85,429	SH		SOLE		0	0	85,429
JPMORGAN CHASE & CO COM	COM	46625H100	14,940	139,704	SH		SOLE		0	0	139,704
KEYW HOLDINGS CORP	COM	493723100	152	25,835	SH		SOLE		0	0	25,835
KIPS BAY MED INC COM	COM	49726k105	0	10,000	SH		SOLE		0	0	10,000
KRAFT HEINZ CO COM	COM	500754106	4,567	58,729	SH		SOLE		0	0	58,729
LEGGETT & PLATT INC COM	COM	524660107	2,419	50,683	SH		SOLE		0	0	50,683
LOCKHEED MARTIN CORP COM	COM	539830109	9,777	30,453	SH		SOLE		0	0	30,453
LOWES COS INC COM	COM	548661107	474	5,100	SH		SOLE		0	0	5,100
M & T BK CORP COM	COM	55261F104	481	2,813	SH		SOLE		0	0	2,813
MCCORMICK & CO INC COM NON VTG	COM	579780206	2,352	23,077	SH		SOLE		0	0	23,077
MCCORMICK & CO INC COM VTG	COM	579780107	39,399	392,025	SH		SOLE		0	0	392,025
MERCK & CO INC NEW COM	COM	58933Y105	10,527	187,078	SH		SOLE		0	0	187,078
MFA FINANCIAL INC	COM	55272x102	167	21,050	SH		SOLE		0	0	21,050
MICROSOFT CORP COM	COM	594918104	15,830	185,062	SH		SOLE		0	0	185,062
MONDELEZ INTL INC CL A	COM	609207105	6,348	148,313	SH		SOLE		0	0	148,313
NEWELL BRANDS INC.	COM	651229106	4,998	161,759	SH		SOLE		0	0	161,759
NEXTERA ENERGY INC COM	COM	65339F101	395	2,530	SH		SOLE		0	0	2,530
NOBLE ENERGY INC COM	COM	655044105	466	16,000	SH		SOLE		0	0	16,000
NORDSTROM INC COM	COM	655664100	2,347	49,535	SH		SOLE		0	0	49,535
NORFOLK SOUTHERN CORP COM	COM	655844108	10,182	70,271	SH		SOLE		0	0	70,271
NUCOR CORP COM	COM	670346105	5,253	82,616	SH		SOLE		0	0	82,616
OCCIDENTAL PETE CORP DEL COM	COM	674599105	650	8,825	SH		SOLE		0	0	8,825
OLIN CORP $1 NEW	COM	680665205	3,615	101,616	SH		SOLE		0	0	101,616
ORACLE CORP COM	COM	68389X105	11,255	238,060	SH		SOLE		0	0	238,060
PACCAR INC COM	COM	693718108	5,784	81,368	SH		SOLE		0	0	81,368
PEPSICO INC COM	COM	713448108	5,031	41,950	SH		SOLE		0	0	41,950
PFIZER INC COM	COM	717081103	236	6,520	SH		SOLE		0	0	6,520
PHILIP MORRIS INTL INC COM	COM	718172109	4,115	38,945	SH		SOLE		0	0	38,945
PNC FINL SVCS GROUP INC COM	COM	693475105	1,529	10,595	SH		SOLE		0	0	10,595
POWERSHARES EXC TRADED FD TR I	COM	73937B779	412	8,638	SH		SOLE		0	0	8,638
PRICE T ROWE GROUP INC COM	COM	74144T108	887	8,450	SH		SOLE		0	0	8,450
PROCTER & GAMBLE CO COM	COM	742718109	10,030	109,166	SH		SOLE		0	0	109,166
QUALCOMM INC COM	COM	747525103	3,564	55,664	SH		SOLE		0	0	55,664
SCHLUMBERGER LTD COM	COM	806857108	476	7,066	SH		SOLE		0	0	7,066
SOUTHERN CO COM	COM	842587107	210	4,373	SH		SOLE		0	0	4,373
SPDR DOW JONES INDL AVRG ETF U	COM	78467X109	2,827	11,427	SH		SOLE		0	0	11,427
SPDR S&P 500 ETF TR TR UNIT	COM	78462F103	1,631	6,113	SH		SOLE		0	0	6,113
SPDR SERIES TRUST S&P DIVID ET	COM	78464A763	1,108	11,724	SH		SOLE		0	0	11,724
SYSCO CORP COM	COM	871829107	2,548	41,961	SH		SOLE		0	0	41,961
TARGET CORP COM	COM	87612E106	10,756	164,837	SH		SOLE		0	0	164,837
THERMO FISHERSCIENTIFIC INC	COM	883556102	285	1,500	SH		SOLE		0	0	1,500
TIFFANY & CO NEW COM	COM	886547108	1,935	18,612	SH		SOLE		0	0	18,612
TJX COS INC NEW COM	COM	872540109	6,283	82,168	SH		SOLE		0	0	82,168
UNITED PARCEL SERVICE INC CL B	COM	911312106	4,577	38,416	SH		SOLE		0	0	38,416
UNITED TECHNOLOGIES CORP COM	COM	913017109	9,477	74,292	SH		SOLE		0	0	74,292
V F CORP COM	COM	918204108	8,597	116,174	SH		SOLE		0	0	116,174
VANECK VECTORS BIOTECH ETF	COM	92189f726	330	2,650	SH		SOLE		0	0	2,650
VAREX IMAGING CORP	COM	922141064	239	5,938	SH		SOLE		0	0	5,938
VARIAN MED SYS INC COM	COM	92220P105	1,619	14,565	SH		SOLE		0	0	14,565
VERIZON COMMUNICATIONS INC COM	COM	92343V104	8,254	155,934	SH		SOLE		0	0	155,934
WAL-MART STORES INC COM	COM	931142103	306	3,101	SH		SOLE		0	0	3,101
WASHINGTON REAL ESTATE INVT TR	COM	939653101	6,822	219,219	SH		SOLE		0	0	219,219
WELLS FARGO & CO NEW COM	COM	949746101	9,813	161,741	SH		SOLE		0	0	161,741
WISDOMTREE TR LARGECAP DIVID	COM	97717W307	435	4,720	SH		SOLE		0	0	4,720
ZOETIS INC CL A	COM	98978V103	3,812	52,909	SH		SOLE		0	0	52,909
ISHARES CORE MSCI EAFE ETF	INT	46432f842	608	9,197	SH		SOLE		0	0	9,197
ISHARES CORE MSCI EMERGING MAR	INT	46434g103	243	4,270	SH		SOLE		0	0	4,270
ISHARES MSCI EAFE MIN VOL ETF	INT	46429b689	350	4,800	SH		SOLE		0	0	4,800
ISHARES MSCI EAFE SMALL-CAP ET	INT	464288273	315	4,882	SH		SOLE		0	0	4,882
MICRO FOCUS INTL PLC SPONS ADR	INT	594837304	379	11,285	SH		SOLE		0	0	11,285
ROYAL DUTCH SHELL ADR	INT	780259206	262	3,928	SH		SOLE		0	0	3,928
TAIWAN SEMICONDUCTOR MFG LTD S	INT	874039100	1,644	41,473	SH		SOLE		0	0	41,473
TATE & LYLE PLC SPONSORED ADR	INT	876570607	516	13,665	SH		SOLE		0	0	13,665
VANGUARD FTSE DEV MKT ETF	INT	921943858	767	17,105	SH		SOLE		0	0	17,105
VANGUARD INTL EQUITY INDEX FD	INT	922042775	379	6,929	SH		SOLE		0	0	6,929
VANGUARD INTL EQUITY INDEX FD	INT	922042858	1,306	28,453	SH		SOLE		0	0	28,453