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	5,398	25,984	SH		SOLE		0	0	25,984
ABBOTT LABORATORIES	COM	002824100	7,625	95,387	SH		SOLE		0	0	95,387
ABBVIE INC COM	COM	00287Y109	9,773	121,279	SH		SOLE		0	0	121,279
AIR PRODS & CHEMS INC COM	COM	009158106	334	1,750	SH		SOLE		0	0	1,750
ALPHABET INC CAP STK CL A	COM	02079K305	2,066	1,756	SH		SOLE		0	0	1,756
ALPHABET INC CAP STK CL C	COM	02079K107	11,919	10,159	SH		SOLE		0	0	10,159
ALTRIA GROUP INC COM	COM	02209S103	2,576	44,865	SH		SOLE		0	0	44,865
AMAZON COM INC COM	COM	023135106	519	292	SH		SOLE		0	0	292
AMERICAN EXPRESS CO COM	COM	025816109	555	5,078	SH		SOLE		0	0	5,078
ANTHEM INC COM	COM	036752103	1,320	4,600	SH		SOLE		0	0	4,600
APPLE INC COM	COM	037833100	6,317	33,258	SH		SOLE		0	0	33,258
AT&T INC COM	COM	00206R102	5,370	171,239	SH		SOLE		0	0	171,239
AUTOMATIC DATA PROCESSING INC	COM	053015103	11,812	73,951	SH		SOLE		0	0	73,951
BANK AMER CORP COM	COM	060505104	4,518	163,777	SH		SOLE		0	0	163,777
BERKSHIRE HATHAWAY INC DEL CL	COM	084670108	301	1	SH		SOLE		0	0	1
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	1,344	6,691	SH		SOLE		0	0	6,691
BLACKROCK INC COM	COM	09247X101	223	522	SH		SOLE		0	0	522
BOEING CO COM	COM	097023105	5,629	14,758	SH		SOLE		0	0	14,758
BRISTOL MYERS SQUIBB CO COM	COM	110122108	7,973	167,121	SH		SOLE		0	0	167,121
BROWN FORMAN CORP	COM	115637209	504	9,563	SH		SOLE		0	0	9,563
CAPITAL ONE FINL CORP COM	COM	14040H105	1,438	17,607	SH		SOLE		0	0	17,607
CATERPILLAR INC DEL COM	COM	149123101	9,027	66,628	SH		SOLE		0	0	66,628
CELGENE CORP COM	COM	151020104	1,625	17,225	SH		SOLE		0	0	17,225
CHESAPEAKE UTILS CORP COM	COM	165303108	9,821	107,679	SH		SOLE		0	0	107,679
CHEVRON CORP NEW COM	COM	166764100	9,518	77,269	SH		SOLE		0	0	77,269
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	500	705	SH		SOLE		0	0	705
CHUBB LTD New	COM	h1467j104	4,292	30,644	SH		SOLE		0	0	30,644
CISCO SYS INC COM	COM	17275R102	394	7,312	SH		SOLE		0	0	7,312
COCA COLA CO COM	COM	191216100	3,557	75,911	SH		SOLE		0	0	75,911
COLGATE PALMOLIVE CO COM	COM	194162103	5,706	83,263	SH		SOLE		0	0	83,263
COMPUTER SVCS INC COM	COM	20539A105	936	16,204	SH		SOLE		0	0	16,204
CORNING INC COM	COM	219350105	7,570	228,707	SH		SOLE		0	0	228,707
COSTCO WHSL CORP NEW COM	COM	22160k105	575	2,375	SH		SOLE		0	0	2,375
CROWN CASTLE REIT INC SHRS	COM	22822v101	5,061	39,543	SH		SOLE		0	0	39,543
CSX CORP COM	COM	126408103	396	5,300	SH		SOLE		0	0	5,300
DANAHER CORP DEL COM	COM	235851102	308	2,335	SH		SOLE		0	0	2,335
DEERE & CO COM	COM	244199105	413	2,590	SH		SOLE		0	0	2,590
DISNEY WALT CO COM	COM	254687106	9,587	86,350	SH		SOLE		0	0	86,350
DOWDUPONT INC COM	COM	26078J100	8,058	151,165	SH		SOLE		0	0	151,165
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	6,771	75,237	SH		SOLE		0	0	75,237
ECOSPHERE TECH INC COM	COM	27922X105	0	10,500	SH		SOLE		0	0	10,500
EMERSON ELEC CO COM	COM	291011104	7,841	114,528	SH		SOLE		0	0	114,528
ENTERPRISE PRODS PARTNERS L P	COM	293792107	4,413	151,651	SH		SOLE		0	0	151,651
EXXON MOBIL CORP COM	COM	30231G102	13,847	171,381	SH		SOLE		0	0	171,381
FARMER & MERCHANTS BANCORP INC	COM	30779N105	391	13,000	SH		SOLE		0	0	13,000
FIDELITY MSCI RL EST ETF	COM	316092857	580	22,369	SH		SOLE		0	0	22,369
GENERAL ELECTRIC CO COM	COM	369604103	202	20,314	SH		SOLE		0	0	20,314
HARLEY DAVIDSON INC COM	COM	412822108	385	10,819	SH		SOLE		0	0	10,819
HELMERICH & PAYNE INC COM	COM	423452101	3,932	70,782	SH		SOLE		0	0	70,782
HEWLETT PACKARD ENTERPRISE CO	COM	42824C109	628	40,744	SH		SOLE		0	0	40,744
HOME DEPOT INC COM	COM	437076102	212	1,109	SH		SOLE		0	0	1,109
HONEYWELL INTL INC COM	COM	438516106	357	2,252	SH		SOLE		0	0	2,252
HP INC COM	COM	40434L105	455	23,421	SH		SOLE		0	0	23,421
INTEL CORP COM	COM	458140100	11,599	216,012	SH		SOLE		0	0	216,012
INTERNATIONAL BUSINESS MACHS C	COM	459200101	7,313	51,833	SH		SOLE		0	0	51,833
INVESCO S&P 500 LOW VOLATILITY	COM	46138e354	419	7,960	SH		SOLE		0	0	7,960
ISHARES CORE S&P 500 ETF	COM	464287200	724	2,547	SH		SOLE		0	0	2,547
ISHARES CORE S&P MID-CAP ETF	COM	464287507	613	3,239	SH		SOLE		0	0	3,239
ISHARES CORE S&P SMALL-CAP ETF	COM	464287804	513	6,655	SH		SOLE		0	0	6,655
ISHARES TR NORTH AMERN TECH ET	COM	464287549	412	2,000	SH		SOLE		0	0	2,000
JOHNSON & JOHNSON COM	COM	478160104	11,029	78,898	SH		SOLE		0	0	78,898
JPMORGAN CHASE & CO COM	COM	46625H100	13,520	133,561	SH		SOLE		0	0	133,561
KEYW HOLDINGS CORP	COM	493723100	111	12,950	SH		SOLE		0	0	12,950
KIPS BAY MED INC COM	COM	49726k105	0	10,000	SH		SOLE		0	0	10,000
KRAFT HEINZ CO COM	COM	500754106	2,623	80,352	SH		SOLE		0	0	80,352
LEGGETT & PLATT INC COM	COM	524660107	1,880	44,538	SH		SOLE		0	0	44,538
LOCKHEED MARTIN CORP COM	COM	539830109	9,479	31,580	SH		SOLE		0	0	31,580
LOWES COS INC COM	COM	548661107	511	4,675	SH		SOLE		0	0	4,675
M & T BK CORP COM	COM	55261F104	206	1,317	SH		SOLE		0	0	1,317
MCCORMICK & CO INC COM NON VTG	COM	579780206	390	2,591	SH		SOLE		0	0	2,591
MCCORMICK & CO INC COM VTG	COM	579780107	5,574	37,275	SH		SOLE		0	0	37,275
MCDONALDS CORP COM	COM	580135101	297	1,566	SH		SOLE		0	0	1,566
MERCK & CO INC COM	COM	58933Y105	14,471	174,000	SH		SOLE		0	0	174,000
MICROSOFT CORP COM	COM	594918104	20,841	176,710	SH		SOLE		0	0	176,710
MONDELEZ INTL INC CL A	COM	609207105	8,686	174,015	SH		SOLE		0	0	174,015
NETFLIX INC COM	COM	64110L106	272	765	SH		SOLE		0	0	765
NEWELL BRANDS INC.	COM	651229106	1,589	103,613	SH		SOLE		0	0	103,613
NEXTERA ENERGY INC COM	COM	65339F101	445	2,305	SH		SOLE		0	0	2,305
NOBLE ENERGY INC COM	COM	655044105	395	16,000	SH		SOLE		0	0	16,000
NORFOLK SOUTHERN CORP COM	COM	655844108	11,725	62,738	SH		SOLE		0	0	62,738
NUCOR CORP COM	COM	670346105	2,862	49,065	SH		SOLE		0	0	49,065
OCCIDENTAL PETE CORP DEL COM	COM	674599105	274	4,150	SH		SOLE		0	0	4,150
OLIN CORP COM PAR $1	COM	680665205	1,500	64,866	SH		SOLE		0	0	64,866
ORACLE CORP COM	COM	68389X105	12,475	232,271	SH		SOLE		0	0	232,271
PEPSICO INC COM	COM	713448108	5,271	43,013	SH		SOLE		0	0	43,013
PFIZER INC COM	COM	717081103	266	6,268	SH		SOLE		0	0	6,268
PHILIP MORRIS INTL INC COM	COM	718172109	4,542	51,396	SH		SOLE		0	0	51,396
PNC FINL SVCS GROUP INC COM	COM	693475105	1,221	9,957	SH		SOLE		0	0	9,957
PRICE T ROWE GROUP INC COM	COM	74144T108	750	7,496	SH		SOLE		0	0	7,496
PROCTER & GAMBLE CO COM	COM	742718109	10,333	99,314	SH		SOLE		0	0	99,314
QUALCOMM INC COM	COM	747525103	4,782	83,867	SH		SOLE		0	0	83,867
SCHLUMBERGER LTD COM	COM	806857108	440	10,098	SH		SOLE		0	0	10,098
SERVICE CORP INTL COM	COM	817565104	200	5,000	SH		SOLE		0	0	5,000
SOUTHERN CO COM	COM	842587107	234	4,542	SH		SOLE		0	0	4,542
SPDR DOW JONES INDL AVRG ETF U	COM	78467X109	4,239	16,359	SH		SOLE		0	0	16,359
SPDR S&P 500 ETF TR TR UNIT	COM	78462F103	1,401	4,961	SH		SOLE		0	0	4,961
SPDR SERIES TRUST S&P DIVID ET	COM	78464A763	1,695	17,060	SH		SOLE		0	0	17,060
STATE STR CORP COM	COM	857477103	2,208	33,562	SH		SOLE		0	0	33,562
SYSCO CORP COM	COM	871829107	2,204	33,015	SH		SOLE		0	0	33,015
TARGET CORP COM	COM	87612E106	12,201	152,030	SH		SOLE		0	0	152,030
THERMO FISHERSCIENTIFIC INC	COM	883556102	232	850	SH		SOLE		0	0	850
TIFFANY & CO NEW COM	COM	886547108	1,268	12,020	SH		SOLE		0	0	12,020
TJX COS INC NEW COM	COM	872540109	11,650	218,950	SH		SOLE		0	0	218,950
UNION PAC CORP COM	COM	907818108	401	2,400	SH		SOLE		0	0	2,400
UNITED PARCEL SERVICE INC CL B	COM	911312106	5,130	45,919	SH		SOLE		0	0	45,919
UNITED TECHNOLOGIES CORP COM	COM	913017109	8,857	68,724	SH		SOLE		0	0	68,724
V F CORP COM	COM	918204108	9,500	109,312	SH		SOLE		0	0	109,312
VANECK VECTORS BIOTECH ETF	COM	92189f726	212	1,650	SH		SOLE		0	0	1,650
VARIAN MED SYS INC COM	COM	92220P105	2,064	14,565	SH		SOLE		0	0	14,565
VERIZON COMMUNICATIONS INC COM	COM	92343V104	7,844	132,659	SH		SOLE		0	0	132,659
WAL-MART STORES INC COM	COM	931142103	243	2,500	SH		SOLE		0	0	2,500
WASHINGTON REAL ESTATE INVT TR	COM	939653101	4,043	142,461	SH		SOLE		0	0	142,461
WELLS FARGO CO NEW COM	COM	949746101	7,546	156,168	SH		SOLE		0	0	156,168
ZOETIS INC CL A	COM	98978V103	5,054	50,213	SH		SOLE		0	0	50,213
ISHARES CORE MSCI EAFE ETF	INT	46432f842	603	9,928	SH		SOLE		0	0	9,928
ISHARES CORE MSCI EMERGING MAR	INT	46434g103	255	4,947	SH		SOLE		0	0	4,947
ISHARES MSCI EAFE MIN VOL ETF	INT	46429b689	302	4,200	SH		SOLE		0	0	4,200
ISHARES MSCI EAFE SMALL-CAP ET	INT	464288273	316	5,510	SH		SOLE		0	0	5,510
ROYAL DUTCH SHELL ADR	INT	780259206	247	3,961	SH		SOLE		0	0	3,961
TAIWAN SEMICONDUCTOR MFG LTD S	INT	874039100	1,802	44,005	SH		SOLE		0	0	44,005
VANGUARD FTSE DEV MKT ETF	INT	921943858	729	17,860	SH		SOLE		0	0	17,860
VANGUARD INTL EQUITY INDEX FD	INT	922042775	312	6,224	SH		SOLE		0	0	6,224
VANGUARD INTL EQUITY INDEX FD	INT	922042858	1,321	31,085	SH		SOLE		0	0	31,085