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	4,557	21,627	SH		SOLE		0	0	21,627
ABBOTT LABS COM	COM	002824100	7,656	104,375	SH		SOLE		0	0	104,375
ABBVIE INC COM	COM	00287Y109	10,702	113,155	SH		SOLE		0	0	113,155
AIR PRODS & CHEMS INC COM	COM	009158106	292	1,750	SH		SOLE		0	0	1,750
ALPHABET INC CAP STK CL A	COM	02079K305	2,175	1,802	SH		SOLE		0	0	1,802
ALPHABET INC CAP STK CL C	COM	02079K107	11,616	9,733	SH		SOLE		0	0	9,733
ALTRIA GROUP INC COM	COM	02209S103	2,517	41,745	SH		SOLE		0	0	41,745
AMAZON COM INC COM	COM	023135106	460	230	SH		SOLE		0	0	230
AMERICAN EXPRESS CO COM	COM	025816109	231	2,178	SH		SOLE		0	0	2,178
ANTHEM INC COM	COM	036752103	1,288	4,700	SH		SOLE		0	0	4,700
APPLE INC COM	COM	037833100	3,299	14,616	SH		SOLE		0	0	14,616
AT&T INC COM	COM	00206R102	5,925	176,444	SH		SOLE		0	0	176,444
AUTOMATIC DATA PROCESSING INC	COM	053015103	11,063	73,434	SH		SOLE		0	0	73,434
BANK AMER CORP COM	COM	060505104	4,440	150,736	SH		SOLE		0	0	150,736
BERKSHIRE HATHAWAY INC DEL CL	COM	084670108	320	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	1,432	6,691	SH		SOLE		0	0	6,691
BOEING CO COM	COM	097023105	5,555	14,937	SH		SOLE		0	0	14,937
BRISTOL MYERS SQUIBB CO COM	COM	110122108	10,263	165,323	SH		SOLE		0	0	165,323
BROWN FORMAN CORP	COM	115637209	483	9,563	SH		SOLE		0	0	9,563
CAPITAL ONE FINL CORP COM	COM	14040H105	1,720	18,119	SH		SOLE		0	0	18,119
CATERPILLAR INC DEL COM	COM	149123101	10,014	65,676	SH		SOLE		0	0	65,676
CELGENE CORP COM	COM	151020104	1,631	18,227	SH		SOLE		0	0	18,227
CHESAPEAKE UTILS CORP COM	COM	165303108	9,076	108,179	SH		SOLE		0	0	108,179
CHEVRON CORP NEW COM	COM	166764100	8,725	71,358	SH		SOLE		0	0	71,358
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	320	705	SH		SOLE		0	0	705
CHUBB LTD New	COM	h1467j104	2,740	20,504	SH		SOLE		0	0	20,504
CISCO SYS INC COM	COM	17275R102	331	6,812	SH		SOLE		0	0	6,812
COCA COLA CO COM	COM	191216100	3,564	77,176	SH		SOLE		0	0	77,176
COLGATE PALMOLIVE CO COM	COM	194162103	5,731	85,611	SH		SOLE		0	0	85,611
COMPUTER SVCS INC COM	COM	20539A105	822	16,204	SH		SOLE		0	0	16,204
CORNING INC COM	COM	219350105	8,087	229,109	SH		SOLE		0	0	229,109
COSTCO WHSL CORP NEW COM	COM	22160K105	569	2,425	SH		SOLE		0	0	2,425
COTY INC COM CL A	COM	222070203	789	62,832	SH		SOLE		0	0	62,832
CSX CORP COM	COM	126408103	392	5,300	SH		SOLE		0	0	5,300
DANAHER CORP DEL COM	COM	235851102	270	2,485	SH		SOLE		0	0	2,485
DEERE & CO COM	COM	244199105	403	2,685	SH		SOLE		0	0	2,685
DISNEY WALT CO COM	COM	254687106	5,321	45,510	SH		SOLE		0	0	45,510
DOWDUPONT INC COM	COM	26078J100	8,951	139,193	SH		SOLE		0	0	139,193
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	6,059	75,719	SH		SOLE		0	0	75,719
ECOSPHERE TECH INC COM	COM	27922X105	0	10,500	SH		SOLE		0	0	10,500
EMERSON ELEC CO COM	COM	291011104	8,571	111,934	SH		SOLE		0	0	111,934
ENTERPRISE PRODS PARTNERS L P	COM	293792107	5,076	176,702	SH		SOLE		0	0	176,702
EXXON MOBIL CORP COM	COM	30231G102	13,200	155,262	SH		SOLE		0	0	155,262
FARMER & MERCHANTS BANCORP INC	COM	30779N105	553	13,000	SH		SOLE		0	0	13,000
FIDELITY MSCI RL EST ETF	COM	316092857	553	22,982	SH		SOLE		0	0	22,982
GENERAL ELECTRIC CO COM	COM	369604103	2,278	201,856	SH		SOLE		0	0	201,856
HARLEY DAVIDSON INC COM	COM	412822108	3,894	85,963	SH		SOLE		0	0	85,963
HELMERICH & PAYNE INC COM	COM	423452101	4,652	67,655	SH		SOLE		0	0	67,655
HERCULES CAPITAL INC	COM	427096508	196	14,907	SH		SOLE		0	0	14,907
HEWLETT PACKARD ENTERPRISE CO	COM	42824C109	692	42,484	SH		SOLE		0	0	42,484
HOME DEPOT INC COM	COM	437076102	255	1,234	SH		SOLE		0	0	1,234
HONEYWELL INTL INC COM	COM	438516106	252	1,517	SH		SOLE		0	0	1,517
HP INC COM	COM	40434L105	606	23,539	SH		SOLE		0	0	23,539
INTEL CORP COM	COM	458140100	12,722	269,029	SH		SOLE		0	0	269,029
INTERNATIONAL BUSINESS MACHS C	COM	459200101	8,317	55,006	SH		SOLE		0	0	55,006
INVESCO S&P 500 LOW VOLATILITY	COM	46138e354	394	7,960	SH		SOLE		0	0	7,960
ISHARES CORE S&P 500 ETF	COM	464287200	789	2,698	SH		SOLE		0	0	2,698
ISHARES CORE S&P MID-CAP ETF	COM	464287507	660	3,280	SH		SOLE		0	0	3,280
ISHARES CORE S&P SMALL-CAP ETF	COM	464287804	583	6,688	SH		SOLE		0	0	6,688
ISHARES TR NORTH AMERN TECH ET	COM	464287549	418	2,000	SH		SOLE		0	0	2,000
JOHNSON & JOHNSON COM	COM	478160104	11,477	83,070	SH		SOLE		0	0	83,070
JPMORGAN CHASE & CO COM	COM	46625H100	14,742	130,649	SH		SOLE		0	0	130,649
KEYW HOLDINGS CORP	COM	493723100	178	20,600	SH		SOLE		0	0	20,600
KIPS BAY MED INC COM	COM	49726k105	0	10,000	SH		SOLE		0	0	10,000
KRAFT HEINZ CO COM	COM	500754106	5,145	93,373	SH		SOLE		0	0	93,373
LEGGETT & PLATT INC COM	COM	524660107	2,067	47,208	SH		SOLE		0	0	47,208
LOCKHEED MARTIN CORP COM	COM	539830109	9,526	27,535	SH		SOLE		0	0	27,535
LOWES COS INC COM	COM	548661107	479	4,175	SH		SOLE		0	0	4,175
M & T BK CORP COM	COM	55261F104	333	2,027	SH		SOLE		0	0	2,027
MCCORMICK & CO INC COM NON VTG	COM	579780206	265	2,016	SH		SOLE		0	0	2,016
MCCORMICK & CO INC COM VTG	COM	579780107	4,879	37,275	SH		SOLE		0	0	37,275
MCDONALDS CORP COM	COM	580135101	278	1,665	SH		SOLE		0	0	1,665
MERCK & CO INC COM	COM	58933Y105	12,488	176,048	SH		SOLE		0	0	176,048
MFA FINANCIAL INC	COM	55272x102	74	10,150	SH		SOLE		0	0	10,150
MICROSOFT CORP COM	COM	594918104	19,992	174,803	SH		SOLE		0	0	174,803
MONDELEZ INTL INC CL A	COM	609207105	7,429	172,933	SH		SOLE		0	0	172,933
NETFLIX INC COM	COM	64110L106	286	765	SH		SOLE		0	0	765
NEWELL BRANDS INC.	COM	651229106	2,385	117,511	SH		SOLE		0	0	117,511
NEXTERA ENERGY INC COM	COM	65339F101	403	2,405	SH		SOLE		0	0	2,405
NOBLE ENERGY INC COM	COM	655044105	499	16,000	SH		SOLE		0	0	16,000
NORFOLK SOUTHERN CORP COM	COM	655844108	11,406	63,195	SH		SOLE		0	0	63,195
NUCOR CORP COM	COM	670346105	4,101	64,642	SH		SOLE		0	0	64,642
OLIN CORP COM PAR $1	COM	680665205	1,643	64,013	SH		SOLE		0	0	64,013
ORACLE CORP COM	COM	68389X105	11,891	230,642	SH		SOLE		0	0	230,642
PACCAR INC COM	COM	693718108	2,914	42,739	SH		SOLE		0	0	42,739
PAYPAL HLDGS INC COM	COM	70450Y103	441	5,025	SH		SOLE		0	0	5,025
PEPSICO INC COM	COM	713448108	4,685	41,907	SH		SOLE		0	0	41,907
PFIZER INC COM	COM	717081103	233	5,297	SH		SOLE		0	0	5,297
PHILIP MORRIS INTL INC COM	COM	718172109	3,838	47,071	SH		SOLE		0	0	47,071
PNC FINL SVCS GROUP INC COM	COM	693475105	1,383	10,157	SH		SOLE		0	0	10,157
PRICE T ROWE GROUP INC COM	COM	74144T108	833	7,638	SH		SOLE		0	0	7,638
PROCTER & GAMBLE CO COM	COM	742718109	8,638	103,789	SH		SOLE		0	0	103,789
QUALCOMM INC COM	COM	747525103	3,451	47,914	SH		SOLE		0	0	47,914
SCHLUMBERGER LTD COM	COM	806857108	401	6,582	SH		SOLE		0	0	6,582
SERVICE CORP INTL COM	COM	817565104	221	5,000	SH		SOLE		0	0	5,000
SPDR DOW JONES INDL AVRG ETF U	COM	78467X109	3,426	12,961	SH		SOLE		0	0	12,961
SPDR S&P 500 ETF TR TR UNIT	COM	78462F103	1,531	5,268	SH		SOLE		0	0	5,268
SPDR SERIES TRUST S&P DIVID ET	COM	78464A763	1,638	16,730	SH		SOLE		0	0	16,730
STATE STR CORP COM	COM	857477103	3,697	44,135	SH		SOLE		0	0	44,135
SYSCO CORP COM	COM	871829107	2,431	33,195	SH		SOLE		0	0	33,195
TARGET CORP COM	COM	87612E106	13,282	150,579	SH		SOLE		0	0	150,579
THERMO FISHERSCIENTIFIC INC	COM	883556102	207	850	SH		SOLE		0	0	850
TIFFANY & CO NEW COM	COM	886547108	1,571	12,186	SH		SOLE		0	0	12,186
TJX COS INC NEW COM	COM	872540109	11,713	104,570	SH		SOLE		0	0	104,570
UNITED PARCEL SERVICE INC CL B	COM	911312106	4,802	41,131	SH		SOLE		0	0	41,131
UNITED TECHNOLOGIES CORP COM	COM	913017109	9,492	67,898	SH		SOLE		0	0	67,898
V F CORP COM	COM	918204108	9,867	105,589	SH		SOLE		0	0	105,589
VANECK VECTORS BIOTECH ETF	COM	92189f726	251	1,850	SH		SOLE		0	0	1,850
VARIAN MED SYS INC COM	COM	92220P105	1,630	14,565	SH		SOLE		0	0	14,565
VERIZON COMMUNICATIONS INC COM	COM	92343V104	7,370	138,046	SH		SOLE		0	0	138,046
WAL-MART STORES INC COM	COM	931142103	240	2,565	SH		SOLE		0	0	2,565
WASHINGTON REAL ESTATE INVT TR	COM	939653101	4,377	142,810	SH		SOLE		0	0	142,810
WELLS FARGO CO NEW COM	COM	949746101	8,057	153,303	SH		SOLE		0	0	153,303
ZOETIS INC CL A	COM	98978V103	4,652	50,810	SH		SOLE		0	0	50,810
ISHARES CORE MSCI EAFE ETF	INT	46432f842	693	10,816	SH		SOLE		0	0	10,816
ISHARES CORE MSCI EMERGING MAR	INT	46434g103	256	4,952	SH		SOLE		0	0	4,952
ISHARES MSCI EAFE MIN VOL ETF	INT	46429b689	305	4,200	SH		SOLE		0	0	4,200
ISHARES MSCI EAFE SMALL-CAP ET	INT	464288273	350	5,627	SH		SOLE		0	0	5,627
ISHARES TR MSCI EAFE GROWTH IN	INT	464288885	206	2,583	SH		SOLE		0	0	2,583
ROYAL DUTCH SHELL ADR	INT	780259206	269	3,960	SH		SOLE		0	0	3,960
TAIWAN SEMICONDUCTOR MFG LTD S	INT	874039100	1,950	44,163	SH		SOLE		0	0	44,163
VANGUARD FTSE DEV MKT ETF	INT	921943858	712	16,470	SH		SOLE		0	0	16,470
VANGUARD INTL EQUITY INDEX FD	INT	922042775	356	6,854	SH		SOLE		0	0	6,854
VANGUARD INTL EQUITY INDEX FD	INT	922042858	1,287	31,400	SH		SOLE		0	0	31,400